BTCUSD: Downward Pressure Continues for the Short Term Group.

Hi Everyone! This was to remind everyone of our rule on pressure races. In which we should look at at leasat 3 (preferably 4) lower time frames to see if the Red RSI is above Level 50 or below Level 50 to confirm an actual "winner" of a race.

This video was also to catch some new followers up to speed on an OLD rule regarding pressure races.

Happy Trading and Stay Awesome!

David

Comment:

UPDATE:

If the Green EMA turns back down in the 3--hour time frame; as well as the 4-hour time frame; then we have even more increased odds to come down to the White/Aqua LOWER B-Bands in the 8-hour time frame. With the Red RSI already below level 70 in the 8-hour and the Green EMA below Level 50; we are at risk of falling to the White/Aqua LOWER B-Bands in the 8-hour. As for WHEN we could fall to the White/Aqua LOWER B-Bands? That would be if and/or when the Green EMA in the 3-Hour and 4-Hour turn back down below Level 50 along with the Red RSI and the Blue LSMA. We may then begin to see expansion of the B-Bands and price action going DOWN with that expansion. However, I'm not expecting a lot of expansion down due to the upward pressure still seen in the Near Term, Mid Term and Long Term Group of Time Frames.

Here's the 8-hour for you to look to the right to see the current price level for the Aqua LOWER and White LOWER B-Bands.

Comment:

UPDATE:

If we go down to the White/Aqua LOWER B-Bands in the 8-hour time frame, we may have to wait several hours longer. Just letting you know...

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UPDATE:

BTCUSD: Remember... We Are Expansion Hunters...

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