BTCUSD: Downward Pressure Continues (2-D Energy & 4-D Red RSI).

Hi Everyone! Simply letting you know we are NOT out of the woods yet with this downward pressure. Yes, it's taking time for this downward pressure to play out in the price action. Where this downward pressure will take us in relation to the price action remains to be seen. I'm NOT going to assume we "must" fall down to the Yellow Bollinger Band Basis in the Weekly Time Frame before finally reversing to sustained upward pressure. If we were to hit the Yellow Bollinger Band Basis in the Weekly Time Frame before finally reversing to sustained upward pressure, the price action may not fall within proximity of the Yellow B-Band Basis in the Weekly until early to mid February. At which point, the Yellow B-Band Basis in the Weekly would be at a higher price point than it is currently.

NOTE: I'm labeling this a "Short" position for what I'm seeing in the Near Term Group of Time Frames. Do NOT assume I'm saying to "short" now if you have not taken into account what is occurring within the Short Term Group and Scalping Group of time frames.

Be advised the B-Bands in the Daily (24h) Time Frame are at risk of EXPANDING (opening up) again with the Blue LSMA and Red RSI "both" currently below level 50. This also means the price action is at risk of remaining between the White LOWER B-Band and Orange LOWER B-Band during that potential expansion; with the chance of seeing wicks down to the Red LOWER B-Band during potential expansion of the B-Bands in the Daily (24h) Time Frame.

If you are a relatively new follower, I recommend you using my indicators and following along with my video publications to LEARN how to analyze assets in a much easier way than the "accepted" norm. I recommend following directions for setup provided in the video publication below; pausing where needed during setup of your charts.

"Better SETUP VIDEO For Indicators Made Public."

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24hr. (Daily) and 2-Day time frames:

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For those of you who are NEW to analytics; the current price of each Upper and Lower B-Band is located in the price column to the right.

If you are not sure HOW to get the price level of each B-Band on your chart, WATCH the setup video (above) and pause the video where needed while setting up your chart.

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BE ADVISED: I do not currently have the time to provide LIVE Technical Analysis for all groups of time frames. Especially, NOT for the Scalping Group or the Short Term Group of time frames on a consistent basis.

I recommend watching, "BTCUSD: Gold Nugget; WAIT FOR PREMIUM SIGNALS" video and other "Gold Nugget" videos for better understanding as to WHY the scalping group and short term group of time frames are just as important as the near term group and mid term group of time frames.

Stay Awesome!

David

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BTCUSD: A Few Considerations to Make Before Opening a Position

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BTCUSD: Downward Pressure Remains; Yellow Basis in 4-Day Next