Part 3: Downward Pressure Still Till Mid to Late September.

We still have a decent chance for sideways price action within a tight trading range till mid to late September. It's still POSSIBLE for a drop to as low as $8,175 by mid to late September. What price point we come down to is uncertain. One can certainly consider using a "Dollar Cost Averaging" technique by scattering multiple buy orders from $10,250 down to $8,175 while we are still in Phase D of a Wyckoff Accumulation Schematic. Cause once we begin Phase E of our Wyckoff Accumulation Schematic, we can anticipate a SIGNIFICANT move to the upside to $100,000 at a minimum by the end of Phase E. So, whether you buy in at $10,250 or at $8,175; you will be VERY HAPPY either way when the price reaches $100k or higher.

Do NOT assume I'm saying the price action will go down to $8,175. I'm actually leaning more towards $9,125 more than I am towards $8,175. The important thing is to TRADE SMART. Don't get stuck on one price point for entry and it possibly never make it to that price point. Spread out your buy orders to ENSURE you are able to get at least 50 percent of your capital intended for bitcoin. If it doesn't quite go down as low as you had hoped, you can make sure to get in while it's on its way up. Providing you had alarms in place to alert you on such a move in the price action.

Happy Trading, Everyone!

Stay Awesome!

David

P.S. - Be sure to check out Part 1 and Part 2 if you have not done so.

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Looks like we may continue with upward pressure until Friday the 13th.

Chart below is 12h (left) and 4h (right):

Have a look at the 3-Day TF here:

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Possible Elliot Wave 1,2,3,4,5 down to $9,120:

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Here's a look at the 3-Day TF:

I FINALLY got the PC build completed with two NVIDIA 1080 Ti GPU's and an SLI Bridge to push those three 55 inch 4K TV's. There is a 15 inch MacBook Pro on the sliding keyboard/mouse drawer to give you perspective of the size of each of the 12 charts on the three TV's. It's like having twelve 27 inch monitors. Now I have a LOT of cleaning and organizing to do before I setup the "L" shaped glass desk on top of an 8' x 10' rug. i.imgur.com/gHUw9YY.jpg