Too Dangerous to Short $10K; Indicators Are Too Bullish to Short

Hi everyone! I'm going to be frank... It's a bit premature to conclude (as some are doing) that you should take a short position at $10k with an assumption we are going back to $6K's or even $7K's or $8K's. The indicators are CURRENTLY TOO BULLISH to take that risk in my honest opinion. Yes, I had mentioned in previous publications that we stand a chance of a dip in mid February. HOWEVER, the White Energy in the 6-Day TF has moved out sideways instead of coming down on the new 6-Day Candle that began February 6th. This kind of move in the 6-Day TF has PROLONGED the White Energy making it to the 50% level. Which means we are less likely to see a decent dip in mid February. It's more likely we see market makers put the squeeze on those intending to short $10k. That's my opinion of course. Only time will tell...

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Happy Trading and Stay Awesome!

David

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3-Day TF:

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24h TF with a look at my White 200-Day Moving Average (MA):

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I do not want to discourage anyone from taking on "risk" in an effort to make gains by this publication. If you wish to short from $9,948.98, that's perfectly fine. All I'm saying is I would do it with a small amount of capital AND at very low leverage. The indicators are simply too bullish in the 6-Day TF and higher to go crazy on a big short position with a huge amount of leverage. I personally would keep your leverage no more than 3x. It's very possible they could take this up to approximately $10,800 before taking it down to or near the 200-Day MA at $8,885. WHY would they take it up to $10,800 first? In an effort to liquidate those who did take a short position at $9,948.98 before finally taking it down to the 200-Day MA at $8,885. This is simply my opinion of course.

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I've been asked several times WHERE do I estimate we are heading as we approach the block halving. That was posted December 22, 2019. Click "Play" icon.

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UPDATE : BTCUSD - NEW VIDEO Publication; titled, "Upward Pressure Dominates; May Not Have Significant Dip Mid February." Posted 15 minutes ago... Be sure to check out 3-Day chart in comments section with remarks:

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