WyckoffMode

This looks like our push up before testing support.

WyckoffMode Aggiornato   
BITSTAMP:BTCUSD   Bitcoin
I did mention in a previous video publication we could see our 2nd push up "on or around March 6th before falling down to Test Support."

THIS LOOKS LIKE THIS IS THE CASE.
Commento:
PLEASE BE CAREFUL this isn't a "Fake Out" (Bull Trap).

The 12h (Center) and Daily (Far Right) both look like plenty of room to go up with Godmode and Phoneix ARI w/Stochastic RSI.

The 6h is NEARING exhaustion but still more room to go up. What concerns me is how we went up on rather low volume. That's what has me concerned about this being a potential bull trap ONLY to liquidate margin shorts and entice margin long bets before then taking us back down again.


The 3h TF (Center in chart below) still shows more room for upward pressure with the Phoneix ARI. Keep a close eye on the 3h WHILE looking at lower TF's.

Commento:
The ENERGY in the 6h being as high as it is scary. lol

VERY RISKY right now.
Commento:
forgot to post the chart. The 6h is far left...

Commento:
This may be a pause in the 6h with the energy this high. Our 12h (center) and 24h (Far right) still look like plenty more room for upward pressure. So, if you're thinking about getting in, you may consider doing so on the current dip; which may last a while before we see continued upward pressure again.

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