BTCUSD: Target by Mid December May Be Just Shy of $21,000

Hi Everyone! Hope all is well with you all. I'm doing fine. Simply wanted to point out our likely Target may be my Orange 0.5 Diagonal Trend Line. It's hard to say (at the moment) which Weekly Candle we potentially hit my Orange 0.5 Diagonal Trend Line. If we manage to hit it on the Weekly Candle beginning December 14, 2020, our high on that candle at the Diagonal Trend Line would be just shy of $21,000. It's possible we could hit the Orange Diagonal Trend Line sooner fairly close to the All Time High during the Weekly Candle beginning December 7, 2020. We will know more as we get closer and see what the indicators look like. I do expect each Weekly Candle from here may have a more pronounced Up-Thrust than its predecessor. We'll see how it plays out... I'll include a screenshot of the cover chart below because TradingView's platform may likely scrunch up my cover chart. Don't forget; you can click on the plus (+) symbol at the bottom center of the cover chart a couple of times and drag the chart around however you like. You can also expand the cover chart more by clicking on the price bar to the right and dragging it up to expand.

NOTE: The MAIN reason I have Bollinger Bands on this chart is to point out WHERE our price action may pull back to once our major consolidation event begins. We may see one or two BRIEF pullbacks on the way up to our peak before a major pullback begins.

This publication is labeled a LONG position based on a Mid to Long Term analysis. I do not recommend using this publication as a means of opening a long position without looking at the indicators in lower time frames to make that determination. Of course, your risk is higher if you did not open a long position much sooner from $9.5k to $10.5k.

Happy Trading and Stay Awesome!

David

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Forgot to include the screenshot:

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Here's a "Pulled Back View" of my FIB STUDY:

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Added a few more text bubbles:

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Simply adding my video publication to this chart publication:

"BTCUSD: $20,900 to $21,260 May Be Target Before Major Pullback."

19:16

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We are currently working on our "Sign of Strength" in Phase D of a COMPLEX Wyckoff Accumulation Schematic. This particular large Accumulation Schematic is considered more "complex" than the norm because of the two LEVELS of the schematic (Higher Level mainly for accumulation and the lower level for liquidation of margin positions).

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12h and 24h time frames:

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We can expect a BRIEF "shakeout" period to occur potentially this weekend or Monday. It's POSSIBLE it may not occur until Wednesday (next week). It depends on how soon the White Energy hits level 50 in the 4-Day time frame.

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A more detailed look at the 3-Day Time Frame:

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A look at my Secondary and PRIMARY 1.618 FIB Extension Price Ranges using my 0.618 to 0.0 coordinate method in the 3-Day time frame: