Hi Everyone! As you know, we have been in a race between our White Energy in the 12h and the Red RSI in the 24h. We need the White Energy in the 12h to "close" ABOVE level 50 before the Red RSI in the 24h can "cross" BELOW level 50. We actually have a decent CHANCE of this occurring. However, we are not to draw the conclusion a reversal to upward pressure is actually about to occur until we have a look at the three (3) immediate lower time frames (cutting in half each lower time frame) to see if the Green is Higher than the Energy in those three (3) lower time frames.
We already have the Green higher than the Energy in the 90 minute time frame. It will take a couple of more 3h candles before we are able to see if the Green in the 3h can get higher than the Energy. We will not see if the Green can get higher than the Energy in the 6 hour TF until likely AFTER a period of exhaustion in the 6h time frame. During that period of exhaustion, we will need the Green to go sideways (sideways price action) to allow time for the Energy to fall below the Green in the 6h to setup for "Bullish Sentiment."
I'm leaving this publication NEUTRAL for now until we get those confirmations in the lower time frames.
I'm about to head over to another location to get back to work on my other office build. Yes, I will have an office at two different locations. I'll check back in again in several hours.
Happy Trading and Stay Awesome!
David
Comment
⋅
UPDATE:
A look at the 3h time frame:
Comment
⋅
UPDATE:
If you want to LEARN a bit more about my "RACES" with the White Energy and Red RSI, have a look at this 6 minute video for ETHUSD:
"ETHUSD: Chance Sustained Upward Pressure to Resume - Lower Time Frames."
Comment
⋅
Comment
⋅
UPDATE:
We still need the Green Line to get HIGHER than the White Energy in the 3h and 6h. We will see exhaustion soon. If we go down to $14,xxx, it will begin here.
Comment
⋅
UPDATE:
During this period of exhaustion of upward to downward pressure, we need the White Energy to fall below the Green Line in the 3h and 6h. White Energy has already fallen below the Green Line in the 3h. It will take a bit more time to see if the same can occur in the 6h.
45m, 90m, 3h, 6h:
Comment
⋅
UPDATE:
If the Red RSI in the 45 minute falls below level 50, we will have a race between the White Energy in the 45 minute and the Red RSI in the 90 minute to see if we can have a quick reversal back to upward pressure and the price action at least go sideways during the downward pressure we seen currently in the 3h and 6h.
Thanks for sharing your opinion here with the community, Mate!
Stay Awesome!
David
bestfarbit74
⋅
great. agree for distribute USDT to pump other Alts, I think we have good potential on BNB-EOS-BCH-DOT-TRX-XTZ. I have my eyes special on BCH and EOS but others that you mentioned such as LINK-ADA-ETH-XRP
still have more room to grow. thanks for review
There was that big red one day candle and you would expect follow on. But, it closed above the one day Bollinger band basis with a hanging wick, next day a hanging wick at the Bollinger Band basis, so far today some strength. It's crazy but it might not dip to 14-15K. I don't see it just rocketing back up (that would be crazy), but there is a chance for as you put it a "time correction" and it hangs out at these levels for a few days, a bit higher, a little less lower, Bollinger Bands contract and before Christmas a renewed assault on the ATH, likely this time successful with follow on. But heck, what do I know. What an amazing run and I agree it looks like it just may not be finished.
We'll find out soon if the Green Line in the 6h can get to a higher level than the White Energy and then the 12h follows suit. If that occurs, we'll have a good chance to push up once again.
Stay Awesome!
David
CryptoSnoopy
⋅
Thanks Dave for confirming my bullish sentiment! :) .. also You did not mentioned but LTC looks very incredible,in longterm it may be realy insane deal :) (like 4USD to 350 race in 2017).. and here is something about 17th december,every year it mean low aor high, i believe we get Yours new ATH at 21k just about that day :) we are not going to 12k or 15 i guess,everyone wants to catch missed train.but..sorry,if they didnot catch this dip,so let them buy over 20k :D this was nic echance to get dip on altcoins what will rally now i guess :P because just for example LTC retested broken downtrend in USD and BTC too so lets launch this rocket :)