
BTCUSD: $32K on The Table Again at 20MA in 24 Hour Time Frame Hi Everyone! Looks like we can move up toward the 20 Moving Average (Yellow Dotted B-Band Basis) in the NEXT 24-hour candle. Also explained a few other things regarding Wyckoff Method 2.0. Yes, there is potential to go higher to around $33,000. However, I'm seeing the 200 Moving Average in the 2-Day time frame as RESISTANCE for quite a while yet to come. CORRECTION: At one point I called a "Last Point of Support" event a "Last Point of Supply" event before going up with an Exponential Rally in Phase B. It should have been called, "Last Point of Support." Happy Trading and Stay Awesome!Comment: UPDATE: For the "Short Term," we would assume the Yellow Dotted B-Band Basis in the 90-minute time frame is acting as SUPPORT. Explanation why in the Blue Text Bubble: Text for Blue Text Bubble for those who need to copy and paste in a translator: Blue Text Bubble: The Blue Line is 92.79 at this writing for the 90-minute time frame. Why is this important? In order for the price action to go below the yellow b-band basis to the white/aqua lower b-bands, we GENERALLY need "both" the Red Line -AND- Blue Line below White Level 70. Yes, the Red "might" go below White Level 70; increasing odds for price action to fall to the Yellow Dotted B-Band Basis (20-MA). However, the Blue Line may not make it below the White Level 70 to increase odds for price action to continue falling further to the white/aqua lower b-bands. Therefore, we would assume the Yellow B-Band Basis has fairly strong SUPPORT at present. The Yellow Dotted B-Band Basis is currently at $30,170.Comment: UPDATE: Correction to price of yellow dotted b-band basis in the 90-minute time frame written inside the blue text bubble: The Blue Line is 92.79 at this writing for the 90-minute time frame. Why is this important? In order for the price action to go below the yellow b-band basis to the white/aqua lower b-bands, we GENERALLY need "both" the Red Line -AND- Blue Line below White Level 70. Yes, the Red "might" go below White Level 70; increasing odds for price action to fall to the Yellow Dotted B-Band Basis (20-MA). However, the Blue Line may not make it below the White Level 70 to increase odds for price action to continue falling further to the white/aqua lower b-bands. Therefore, we would assume the Yellow B-Band Basis has fairly strong SUPPORT at present. The Yellow Dotted B-Band Basis is currently at $29,639.