BTCUSD: Let Me Explain WHY LSMA in 24Hr Important
Hi Everyone! The Blue LSMA in the 24-hour is IMPORTANT. How so?
FIRST:
We need the Red RSI to get above Level 50 in order for upward pressure to continue until the White Energy gets down to level 50 to create cause for downward pressure.
SECOND:
We need the Blue LSMA to get above Level 50 ALONG WITH the Red RSI in order for the price action to remain ABOVE the Yellow Dotted B_Band Basis (20-Moving Average) for a sustained period of time. Since the Red RSI <AND> Blue LSMA have "both" remained below Level 50 for a sustained period of time; the price bars have remained BELOW the Yellow Dotted B-Band Basis for a SUSTAINED period of time.
THIRD:
The Red RSI is already above Level 30 in the 24-hour time frame (each candle a period of 24-hours). If the Blue LSMA can also get above Level 30, the price action has a chance to go up to the White UPPER B-Band if the Green Line were to turn up. (Use lower time frames to determine the "odds" of the Green Line <price bars> moving up).
FOURTH:
If the Red RSI does manage to go above Level 50 and the Blue LSMA does not, be careful if the Green turns back down and the Red RSI makes contact with the Green While going down; which can indicate increased odds of downward pressure. Which would mean sideways at best or downward at worst during a period of downward pressure.
FIFTH:
If the Red RSI <AND> the Blue LSMA can "both" manage to get above Level 50, we have increased odds of expansion of the B-Bands in the 24-hour time frame. However, we know that is a ways off yet. WHY?
SIXTH:
The B-Bands are currently CONTRACTING (will explain why in the future) and price bars are going up with contraction. If we want to see the price bars go up even further with this contraction of the B-Bands, it would help to have the Blue LSMA above Level 30 along with the Red RSI to promote more contraction and price action going up with this contraction.
SEVENTH:
If we are to ever get expansion of the B-Bands and the price action going up with this expansion, the Red RSI would benefit that expansion by getting above Level 50 and the Blue LSMA above Level 50 as well (AT THE SAME TIME) to have a chance for expansion of the B-Bands and price action going up with expansion. Which would obviously result in the price bars remaining above the Yellow Dotted B-Band Basis (20-Moving Average) for a SUSTAINED period of time.
THere's much more that could have been said but saving for later.
Stay Awesome!
David
FIRST:
We need the Red RSI to get above Level 50 in order for upward pressure to continue until the White Energy gets down to level 50 to create cause for downward pressure.
SECOND:
We need the Blue LSMA to get above Level 50 ALONG WITH the Red RSI in order for the price action to remain ABOVE the Yellow Dotted B_Band Basis (20-Moving Average) for a sustained period of time. Since the Red RSI <AND> Blue LSMA have "both" remained below Level 50 for a sustained period of time; the price bars have remained BELOW the Yellow Dotted B-Band Basis for a SUSTAINED period of time.
THIRD:
The Red RSI is already above Level 30 in the 24-hour time frame (each candle a period of 24-hours). If the Blue LSMA can also get above Level 30, the price action has a chance to go up to the White UPPER B-Band if the Green Line were to turn up. (Use lower time frames to determine the "odds" of the Green Line <price bars> moving up).
FOURTH:
If the Red RSI does manage to go above Level 50 and the Blue LSMA does not, be careful if the Green turns back down and the Red RSI makes contact with the Green While going down; which can indicate increased odds of downward pressure. Which would mean sideways at best or downward at worst during a period of downward pressure.
FIFTH:
If the Red RSI <AND> the Blue LSMA can "both" manage to get above Level 50, we have increased odds of expansion of the B-Bands in the 24-hour time frame. However, we know that is a ways off yet. WHY?
SIXTH:
The B-Bands are currently CONTRACTING (will explain why in the future) and price bars are going up with contraction. If we want to see the price bars go up even further with this contraction of the B-Bands, it would help to have the Blue LSMA above Level 30 along with the Red RSI to promote more contraction and price action going up with this contraction.
SEVENTH:
If we are to ever get expansion of the B-Bands and the price action going up with this expansion, the Red RSI would benefit that expansion by getting above Level 50 and the Blue LSMA above Level 50 as well (AT THE SAME TIME) to have a chance for expansion of the B-Bands and price action going up with expansion. Which would obviously result in the price bars remaining above the Yellow Dotted B-Band Basis (20-Moving Average) for a SUSTAINED period of time.
THere's much more that could have been said but saving for later.
Stay Awesome!
David
Comment:
UPDATE:
The Red RSI and Blue LSMA are also quite low in the 2-Day (below). If the green were to turn down, the price action could potential fall down to within proximity of the Orange Lower B-Band. Which is currently around $51,000. We MUST remain BOTH Bull and Bear Biased at all times.
The Red RSI and Blue LSMA are also quite low in the 2-Day (below). If the green were to turn down, the price action could potential fall down to within proximity of the Orange Lower B-Band. Which is currently around $51,000. We MUST remain BOTH Bull and Bear Biased at all times.
Comment:
UPDATE:
If there is to be more CONTRACTION of the B-Bands in the 24-hour and the price action going UP wit that contraction in the 24-hour, the Red RSI and Blue LSMA in ALL the short term group of time frames needs to be above Level 50. As many as possible as often as possible...
Short Term Group of time frames (30-min. 60-min. 90-min. 2-hour, 3-hour, 4-hour, 6-hour and 8-hour time frames):
If there is to be more CONTRACTION of the B-Bands in the 24-hour and the price action going UP wit that contraction in the 24-hour, the Red RSI and Blue LSMA in ALL the short term group of time frames needs to be above Level 50. As many as possible as often as possible...
Short Term Group of time frames (30-min. 60-min. 90-min. 2-hour, 3-hour, 4-hour, 6-hour and 8-hour time frames):
Comment:
UPDATE:
LOOK for B-Bands that are contracting. WHY? Because they will EXPAND at some point. You WILL want to make sure you are on the RIGHT SIDE of that expansion when it begins; while being aware of shakeouts by looking at short term group and immediate group of time frames.
You also want to focus on B-Bands that are already contracted (very tight) to make sure you are on the right side of the trade.
LOOK for B-Bands that are contracting. WHY? Because they will EXPAND at some point. You WILL want to make sure you are on the RIGHT SIDE of that expansion when it begins; while being aware of shakeouts by looking at short term group and immediate group of time frames.
You also want to focus on B-Bands that are already contracted (very tight) to make sure you are on the right side of the trade.
Comment:
UPDATE:
I need to get some sleep...
Good Evening and Good Day to Everyone!
Stay Awesome!
David
I need to get some sleep...
Good Evening and Good Day to Everyone!
Stay Awesome!
David
Comment:
UPDATE:
You CAN use the lower time frames (Short Term Group and Immediate Group) to determine the "odds" of seeing more contraction of the B-Bands in the 24-hour with price bars going up see the :odds: of the price action going down and potential expansion of the B-Bands and price action going DOWN with expansion of the B-Bands in the 24-hour.
Takes practice...
What is IMPORTANT is start off with a good entry. Ideally when there will be expansion of the B_Bands the beginning of Contraction of B-Bands that are already expanded and on the verge of contracting. The thing is, Phoenix Ascending can help one determine WHEN we have increased odds of that potential CONTRACTION or EXPANSION of the B-Bands.
If you can make your entry good, and remain patient (watching the indicators in multiple time frames) you will have a better idea of how long to keep a trade open, when to take partial profit, when to take all profit (closing the position) or when to close with little to no loss; because you are focused on keeping losses small while keeping gains large.
NOW I'm getting sleep...
I mean it... LOL
Good Day and Good Night...
David
You CAN use the lower time frames (Short Term Group and Immediate Group) to determine the "odds" of seeing more contraction of the B-Bands in the 24-hour with price bars going up see the :odds: of the price action going down and potential expansion of the B-Bands and price action going DOWN with expansion of the B-Bands in the 24-hour.
Takes practice...
What is IMPORTANT is start off with a good entry. Ideally when there will be expansion of the B_Bands the beginning of Contraction of B-Bands that are already expanded and on the verge of contracting. The thing is, Phoenix Ascending can help one determine WHEN we have increased odds of that potential CONTRACTION or EXPANSION of the B-Bands.
If you can make your entry good, and remain patient (watching the indicators in multiple time frames) you will have a better idea of how long to keep a trade open, when to take partial profit, when to take all profit (closing the position) or when to close with little to no loss; because you are focused on keeping losses small while keeping gains large.
NOW I'm getting sleep...
I mean it... LOL
Good Day and Good Night...
David
Comment:
UPDATE:
If beginning to understand or want to understand, PLEASE give yourself TIME to be PATIENT (watching price action play out) by using the 12-hour, 24-Hour, 2-Day, 3-Day as your COMPASS. This way, you will have more time with each candle after entry to be PATIENT and watch the indicators play out. Yes, you can use the lower time frames (Short Term Group) to help make decisions of the trade you opened that was based on the Near Term Group. You will get practice monitoring that way and see (understand) more of what to do in the Near Term Group while you LEARN watching the Short Term Group. You will soon gather the 1-minute is no different from the 1-Month. The rules are the same... The requirements may be different for each time frames but the rules are the same.... FOR "ANY" Forex Currency, Crypto Currency, Stock, Commodity, etc...
Good Day, Good Afternoon and Good Night...
Stay Awesome!
David
If beginning to understand or want to understand, PLEASE give yourself TIME to be PATIENT (watching price action play out) by using the 12-hour, 24-Hour, 2-Day, 3-Day as your COMPASS. This way, you will have more time with each candle after entry to be PATIENT and watch the indicators play out. Yes, you can use the lower time frames (Short Term Group) to help make decisions of the trade you opened that was based on the Near Term Group. You will get practice monitoring that way and see (understand) more of what to do in the Near Term Group while you LEARN watching the Short Term Group. You will soon gather the 1-minute is no different from the 1-Month. The rules are the same... The requirements may be different for each time frames but the rules are the same.... FOR "ANY" Forex Currency, Crypto Currency, Stock, Commodity, etc...
Good Day, Good Afternoon and Good Night...
Stay Awesome!
David
Comment:
UPDATE:
I'm posting a SCAM ALERT then getting back to sleep. It has been brought to my attention of another scammer on Twitter. You will also find them on Telegram and other social media. I'M NOT ACCEPT ANY MONEY FROM ANYONE ON ANY SOCIAL MEDIA ACOUNT.... PERIOD... Here is example of a SCAMMER: i.imgur.com/huQYQms.png
Getting back to sleep.
I'm posting a SCAM ALERT then getting back to sleep. It has been brought to my attention of another scammer on Twitter. You will also find them on Telegram and other social media. I'M NOT ACCEPT ANY MONEY FROM ANYONE ON ANY SOCIAL MEDIA ACOUNT.... PERIOD... Here is example of a SCAMMER: i.imgur.com/huQYQms.png
Getting back to sleep.
Comment:
UPDATE:
Let me be CLEAR about something...
Trolls coming to the comments saying I said something as if it is a "matter of fact..." need not be paid attention to. There is one in the comments now saying,
"You said 180 - 240k by December / January.. what went wrong ? ((: Aswell where 13-20USD ADA in same time frame .. ((:"
I recall saying, "If our Buying Climax is to find its top within this date range, the price action could go up to "X" HORIZONTAL Fib Level; which lines up with "X" DIAGONAL Fib Level.
Now, WHO'S TO SAY we do NOT reach those "Diagonal" and "Horizontal" Fib Levels at a later date in 2022, which would be at a different price level?
That is MERE SPECULATION... If ANYONE takes that as a "flat statement," please check yourself.
I have been following this for quite some time this year with Wyckoff Method 2.0 as well. I've pointed out several times we could transition into Long Term Phase E of Wyckoff Accumulation. I've also said we could see Phase E continue for many months into 2022 before seeing a Buying Climax and beginning of a potential long term distribution. I even provided APPLE stock as an example using the 27-Day time frame.
Here is the Wyckoff Method 2.0 Chart I'm referring to: (NOTE: don't bother trying to read it. I'm currently on my laptop and the font will be VERY SMALL). However, I will copy and paste the text inside the Yellow Text Bubble in the top right corner.
This Yellow Line represents a "scenario" in which we do not see a "Long Term Distribution" pattern
begin within a certain window of months; in which we do not see a significant drop of 80+ percent
from it's all time high (ATH).
Instead, we could see another period of RE-Distribution; followed by RE-Accumulation and RESUME
Long Term Phase E once again. So, please... Let's not assume we must see similar pattern as to
when Accumulation "must" end and Distribution "must" begin. Let's simply navigate through this
with the indicators to make a determination as to which direction the Composite Man is going to
avoid being taken advantage of.
Let me be CLEAR about something...
Trolls coming to the comments saying I said something as if it is a "matter of fact..." need not be paid attention to. There is one in the comments now saying,
"You said 180 - 240k by December / January.. what went wrong ? ((: Aswell where 13-20USD ADA in same time frame .. ((:"
I recall saying, "If our Buying Climax is to find its top within this date range, the price action could go up to "X" HORIZONTAL Fib Level; which lines up with "X" DIAGONAL Fib Level.
Now, WHO'S TO SAY we do NOT reach those "Diagonal" and "Horizontal" Fib Levels at a later date in 2022, which would be at a different price level?
That is MERE SPECULATION... If ANYONE takes that as a "flat statement," please check yourself.
I have been following this for quite some time this year with Wyckoff Method 2.0 as well. I've pointed out several times we could transition into Long Term Phase E of Wyckoff Accumulation. I've also said we could see Phase E continue for many months into 2022 before seeing a Buying Climax and beginning of a potential long term distribution. I even provided APPLE stock as an example using the 27-Day time frame.
Here is the Wyckoff Method 2.0 Chart I'm referring to: (NOTE: don't bother trying to read it. I'm currently on my laptop and the font will be VERY SMALL). However, I will copy and paste the text inside the Yellow Text Bubble in the top right corner.
This Yellow Line represents a "scenario" in which we do not see a "Long Term Distribution" pattern
begin within a certain window of months; in which we do not see a significant drop of 80+ percent
from it's all time high (ATH).
Instead, we could see another period of RE-Distribution; followed by RE-Accumulation and RESUME
Long Term Phase E once again. So, please... Let's not assume we must see similar pattern as to
when Accumulation "must" end and Distribution "must" begin. Let's simply navigate through this
with the indicators to make a determination as to which direction the Composite Man is going to
avoid being taken advantage of.
Comment:
UPDATE:
Let me be clear about another thing...
ANYONE who clicks "+1" for this trolls comment is more than welcome to do so. As far as I'm concerned, ALL OF YOU TROLLS are just flat out LAZY. You don't want to LEARN... You don't want to BETTER yourself... All you TROLLS are interested in is trying to bring other people down to the same depressing, vial, decrepit level of YOUR pure excuse of a LIFE.
Maybe you trolls get an orgasm out of attacking those making a POSITIVE contribution to this thing we called LIFE? Is that what it is?
I look forward to the day TradingView has given POSITIVE content creators the ability to BLOCK any trolls from EVER seeing ANY of our content.
Until then, just know this... I'm going to keep doing my thing and continue being me... I'm going to build something POSITIVE in the hearts and minds of those who LOVE trading and analytics just as much as I do. I have GOALS and I aim to achieve them... WITH or WITHOUT you... You trolls can choose to wallow around in the same-ole-same-ole poor excuse life of a troll if you want. I honestly don't care...
Just ask yourself this? If you were to continue on the same trek doing the same things you are doing right now, WHERE WOULD YOU BE FIVE YEARS FROM NOW?
I have GOALS to meet to actually be at a "Well Designed" DESTINATION FIVE YEARS FROM NOW...
If you have NO GOALS... NO PLANS to achieve those goals and to know HOW you will achieve them...? Well, you WILL find you have not made a PLAN to change the previous five miserable years you may have had...
Stay Awesome! How About? For once?
Your Huckleberry
Let me be clear about another thing...
ANYONE who clicks "+1" for this trolls comment is more than welcome to do so. As far as I'm concerned, ALL OF YOU TROLLS are just flat out LAZY. You don't want to LEARN... You don't want to BETTER yourself... All you TROLLS are interested in is trying to bring other people down to the same depressing, vial, decrepit level of YOUR pure excuse of a LIFE.
Maybe you trolls get an orgasm out of attacking those making a POSITIVE contribution to this thing we called LIFE? Is that what it is?
I look forward to the day TradingView has given POSITIVE content creators the ability to BLOCK any trolls from EVER seeing ANY of our content.
Until then, just know this... I'm going to keep doing my thing and continue being me... I'm going to build something POSITIVE in the hearts and minds of those who LOVE trading and analytics just as much as I do. I have GOALS and I aim to achieve them... WITH or WITHOUT you... You trolls can choose to wallow around in the same-ole-same-ole poor excuse life of a troll if you want. I honestly don't care...
Just ask yourself this? If you were to continue on the same trek doing the same things you are doing right now, WHERE WOULD YOU BE FIVE YEARS FROM NOW?
I have GOALS to meet to actually be at a "Well Designed" DESTINATION FIVE YEARS FROM NOW...
If you have NO GOALS... NO PLANS to achieve those goals and to know HOW you will achieve them...? Well, you WILL find you have not made a PLAN to change the previous five miserable years you may have had...
Stay Awesome! How About? For once?
Your Huckleberry
Comment:
UPDATE:
This is another reason I prefer to do video publications... If I write down a lot of things, does not appear many have the TIME to read through them.
This is another reason I prefer to do video publications... If I write down a lot of things, does not appear many have the TIME to read through them.
The 24-hour: