Technical analysis by WyckoffMode about Symbol BTC: Buy recommendation (3/11/2024)

Hi Everyone! Yes, you read the title correctly. The 10-Day time frame suggests upward pressure can continue the remaining 9-Days of the current 10-Day candle and upward pressure continue into the NEXT 10-Day candle. Which could take us up to within proximity of the Red Upper B-Band the NEXT 10-Day candle. I'm anticipating the Red Upper B-Band will be somewhere between $95,000 and $100,000 the NEXT 10-Day candle.Here is the 10-Day candle I covered in the video:We have a new 10-Week candle suggesting Orange Upper B-Band at a bare minimum at present. The current price point value of the Orange Upper B-Band in the 10-Week is $79,965.Current Price Point of the Red Upper B-Band in the 5-Week TF is $87,250. We still have a little over 1-Month remaining in the current 5-Week candle with White Energy well above Level 50; suggesting upward pressure continues. It's too early to say anything about upward pressure the NEXT 5-Week candle. We need to wait and see what level the White Energy will be the NEXT 5-Week candle.NOTE: The 1-Week time frame is in the top right corner of the chart below. See the current level of the White Energy in the 1-Week time frame approaching Yellow Level 50. We anticipate upward pressure to continue the remainder of the current 1-Week candle but we will have to see what level the White Energy will be the NEXT 1-Week candle. In my opinion, this suggests we could continue upward to proximity of $75,000 to $85,000 before seeing a pullback due to White Energy in the Weekly being on the verge of falling below Level 50 the NEXT 1-Week candle.1-Week is in top right corner:You will also note the White Energy is still rising in the 2-Day time frame at present. The 2-Day is located bottom right of center of the chart above.CONCLUSION: I'm anticipating $75,000 to $85,000 at a minimum before a MAJOR pullback of 30 percent or more. However, if we see a pullback to around $65,000 and bounce back up once again, do not be surprised if we continue upward to $95,000 to $100,000 price range before finally getting that 30 percent or more pullback. Will that 30+ percent pullback imply the top is in and we begin a new period of Distribution? No... This Bull Market is far from being done yet. We've only begun in my opinion.Hope this was helpful.Happy Trading and Stay Awesome!DavidUPDATE:2-Week time frame:RED TEXT BUBBLE:The White Energy is still RISING in this 2-Week time frame; suggesting we still havequite a bit more time of upward pressure. Keep in mind this is a NEW 2-Week candlewith 13-Days and 5-hours remaining before we get another 2-Week candle. Thismeans we could see upward pressure continue for potentially up to 4-Weeks fromthis writing.UPDATE:Thought I would share this chart from my video; in which I pointed out we could run up to the Red or Yellow ASCENDING Diagonal Trend Line Between $89,150 and $99,074. This "range" is identified with a YELLOW Ascending Diagonal Range on the chart.UPDATE:This was the chart I posted in other publications regarding us "closing" above $73,000 in the 3-Day before I begin using this chart for future "targets." I added the Aqua Ascending Diagonal Channel to this chart to point out we could be heading up toward the 1.236 FIB Extension. I must say I anticipate us heading up to my 1.142 FIB Extension at a bare minimum. My opinion of course...