Technical analysis by WyckoffMode about Symbol BTC: Buy recommendation (2/11/2024)

Hi Everyone! I simply wanted to point out my Phoenix Ascending indicator is suggesting very bullish sentiment is present for the next few weeks; suggesting $54,400 to $55,800 at a MINIMUM. I pointed out how and why the indicators are suggesting very high bullish sentiment in the 2-Week, 3-Week, 4-Week, 5-Week, 6-Week, 8-Week and 12-Week time frames. Needless to say, I would be very surprised if we ever fall below $40,000 again. We may very well be saying, "Good Bye to $40K." < Never to be seen EVER again >I hope this video publication was helpful. If you don't mind taking a moment to click the rocket icon (giving me a boost) in the bottom right corner under the publication, I would appreciate it. If not, that's okay too. I wish everyone to have happy trading and to Stay Awesome!< fist pump > DavidUPDATE:2-Week, 3-Week, 4-Week, 5-Week, 6-Week, 8-Week, 10-Week and 12-Week time frames:11-Day, 22-Day, 23-Day, 24-Day, 25-Day, 26-Day, 27-Day and 4-Week:4-Day, 8-Day, 9-Day, 10-Day, 11-Day, 12-Day, 13-Day and 2-Week:12-hour, 24-hour, 2-Day, 3-Day, 4-Day, 5-Day, 6-Day and 1-Week:UPDATE:Apparently, this is Sign of Strength event #2 in Phase E of Wyckoff Macro Accumulation Schematic and we still have $54,400 to $55,800 target range in our sights for the peak of this particular SOS event #2. I do not recommend adding to any short positions that anyone may still have open. It's recommended to close any short positions you may have if you haven't already.UPDATE:Once we "close" above $73,000, I will begin using this Log Scale chart with Fib Extensions also based on Log Scale.UPDATE:I will also eventually use this chart on occasions; basically for an additional reference of diagonal support and resistance.UPDATE:Be Advised: If we "close" above $55,800 in the 3-Day, price is subject to continue up to lower boundary of Aqua Channel on this chart below; around 64K to $65K.UPDATE:We have hit the lower boundary of my target range. I'll provide another update for BTCUSD later tonight or in the wee hours of the morning. I have several things going on with building a new office at another location while also preparing to sale my house.UPDATE:Needless to say, "Opening a short position at $50,000 was very risky." Adding onto a short position at $52,000 was very risky." Opening a short at $50,000 was definitely destined to get squeezed; as mentioned in the video.