WyckoffMode

Still Not Quite Ready for Reversal to Sustained Upward Pressure!

WyckoffMode 已更新   
BINANCE:LINKUSDT   ChainLink / TetherUS
It appears we continue with downward pressure at least till around mid September. Could continue longer but we won't consider crossing that bridge until we get closer to that bride. I'm leaving this publication labeled "Neutral" do to the possibility of sideways at best with the price action or more downward at worst. Depends on what time frames a follower is considering according to the amount of time you have to trade. I currently do not have the time to provide updates every couple of hours or so due to other important projects currently underway.

Stay Awesome!

David
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UPDATE:


Our current Race is between the White Energy in the 2-Day and the Red RSI in the 4-Day. If the White Energy in the 2-Day can "CLOSE" above the 50 level BEFORE the Red RSI in the 4-Day can "CROSS" below the 50 level, we would have a reasonable chance for reversal to sustained upward pressure. We must conclude that is not the case just yet and we are still experiencing downward pressure. Must the price action continue falling while in this period of downward pressure? No, not necessarily... We could continue sideways within a trading range between the 0.382 and the 0.618 FIB ReTrace levels for quite a while before finally making the transition to sustained upward pressure.

2-Day (left) and 4-Day (right):
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UPDATE:

Currently uploading a new video publication for LINKUSDT. Once it has uploaded, I create a title and add a bit in the description, I will publish the video. This may take up to 10 minutes.

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