Hi Everyone! This was casual discussion about a number of things; such as, FIB Extension Levels, finding support at the White Upper B-Band in the 12-HOUR TIME FRAME when a pullback in lower time frames begins dropping enough to get the Green Line in the 12-hour TF to fall to allow the Red RSI to make contact with the Green WHILE it is going down. You also want that particular 12-hour candle to "close" for the "odds" to increase for the price action to fall down to within proximity of the White Upper B-Band in the 12-hour.
Bottom Line, a number of things were shared in this video...
Happy Trading and Stay Awesome!
David
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UPDATE:
It's POSSIBLE upward pressure could continue into mid June. If so, here's what the Blue LSMA and White Energy indicators could potentially look like in the 3-Day TF before potentially seeing a major pullback and going higher again afterwards to my year end high estimates.
WHERE are we seeing "POTENTIAL" for upward pressure continuing into mid June?
David, we appreciate you and what you are doing for the community. Please, don't pay attention to the trolls and let it get to you. It's not worth your time. These people will never understand that this isn't fortune telling, but technical analysis where everything is fluid and constantly changing. Thank you for everything you do and for the time you spend on making those videos!!! I am sure there are a lot of people who agree with me. I have learned a great deal from you and still learning. If someone doesn't like your content, they can go suck it. Have an awesome weekend!
WyckoffMode
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@Killawasper,
Hi Killawasper,
Thank you kindly for your support and the donation.
Honestly, it's not "me" that I'm concerned about. It's "them" that I'm concerned about. Yes, I do feel bad I did not take the time to provide CONSTANT updates for ADAUSD and BTCUSD when they both began to dive but ADAUSD kept climbing and BTCUSD kept falling. Not keeping everyone informed of what the IMMEDIATE/SHORT term groups were doing and the importance of making sure positions are "WITH" the "DIRECTION" of flow of our "PRESSURE" in the IMMEDIATE/SHORT TERMS. If one does not take the time to make sure they ACT by taking a "managed" risk and put themself in the game ("IN THE TRADE") for the IMMEDIATE/SHORT TERMS, the price action may end up falling further and they will have wished the did "ACT." Then they become "EMOTIONAL," which can induce more stress and create "biases." Which has the potential to cause bad decisions if they are now bull biased or bear biased without being BOTH bull AND bear biased while looking at the indicators. In other words, don't just look for bullish possibilities within the indicators. Also pretend you are a bear looking for bearish possibilities as well and keep tabs on them. Set alarms if you have to (because you are trading multiple assets).
BOTTOM LINE:
Because I did not EXERCISE my methods IN FULL during that time, it has caused some to doubt this method and move on. Why does this bother me? Because I "KNOW" this is a "SOLID" method to become financially independent. My "holding back" may have led them astray. I simply have to accept the fact this will occur probably several more times just before I go "LIVE." Especially, for "new" ones who have no idea of what is being "held back" and "why."
Anyway, I'll stop talking...
Thanks again for the donation, Killawasper!
Stay Awesome!
David
Technical_Perspectives_69_420
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@WyckoffMode, Thank you! I appreciate your lessons and I use your indicators with combination of other indicators to make more informed decisions! I am not watching your videos so you can tell me what to do and when to do it. I am watching the videos so I can learn your methodology and the way you forecast the possible outcome of the market.
Everyone who follows blindly and does not acquire the knowledge to make their own decisions in regards to their finances deserves what they get. Again, thanks for everything you do. I've been following you since last august and watch every video you put out as soon as i get the notification for it. God bless!
VeryBaron
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Any Live Streams coming up soon? That was some great education on the last one David!
JeanPath
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What is a nice entry price at the moment?
CryptoCrawdad
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i'm seriously into these casual discussions
Myth0logic
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@Super4433, 100%
Myth0logic
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Very insightful. This aligns with several other projections using completely different indicators and signals. Much appreciated sir.
SpaceApeAstro
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Really enjoy your content! Keep up the great work.
goldtrader07
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I been following you for about a year now I really appreciate your posts.