BTCUSD: White/Aqua Lower B-Bands in 2-Day TF Still in Play.
Hi Everyone! Do NOT assume our downward pressure is done yet even with this current bounce back up from $29k to $30.4K at this writing. We may run up to around $30,750 and turn back down AGAIN. We must conclude downward pressure continues until we can see the White Energy in the 2-Day TF wins the race against the Red RSI in the 4-Day TF. If the Red RSI in the 4-Day TF wins the race, we may be looking at the White Energy in the 3-Day and Red RSI in the 6-Day at that point. Be sure to keep a close eye on the lower time frames to see if the Green can begin to get higher than the energy in multiple time frames. This could be an early indicator of a reversal to sustained upward pressure.
NOTICE:
I do NOT teach one-on-one in messages. Do not ask me when to buy, sell, hold, to look at another coin, stock, FX pair, etc...
I get numerous messages daily. I value every single minute of my day and need every single minute to focus on other very important projects, as well as business and personal taxes.
No disrespect intended
I have to do it this way to make time for other important work building my future platform.
Sorry it has to be this way but it’s the only way for me to get this work done.
I hope you can understand.
Happy Trading and Stay Awesome!
David
NOTICE:
I do NOT teach one-on-one in messages. Do not ask me when to buy, sell, hold, to look at another coin, stock, FX pair, etc...
I get numerous messages daily. I value every single minute of my day and need every single minute to focus on other very important projects, as well as business and personal taxes.
No disrespect intended
I have to do it this way to make time for other important work building my future platform.
Sorry it has to be this way but it’s the only way for me to get this work done.
I hope you can understand.
Happy Trading and Stay Awesome!
David
Comment:
UPDATE:
Where do you get your "percentage" from? You get it from the High we are falling from. In this case (on Bitstamp), our "high" is $42,000. So, you would do the math to see what prices 22 and 25 percent drop is from $42,000 . Do the math to see what prices 27 to 30 percent drop is from $42,000. Do the math to see what prices 32 to 35 percent drop is from $42,000.
Where do you get your "percentage" from? You get it from the High we are falling from. In this case (on Bitstamp), our "high" is $42,000. So, you would do the math to see what prices 22 and 25 percent drop is from $42,000 . Do the math to see what prices 27 to 30 percent drop is from $42,000. Do the math to see what prices 32 to 35 percent drop is from $42,000.
Don't forget the "Dollar Cost Averaging Percentage" RULE during a Long Term Bull Trend. We should practice dollar cost averaging on each setback on our way to our buying climax the last quarter of 2021.
Meaning, buy orders should be scattered between 22 to 25 percent, 27 to 30 percent and 32 to 35 percent. There is no guarantee each set of buy-orders scattered in those percentage ranges (above) will be filled. So, you may have to be prepared to FOMO back in eventually (depending on indicator signals). Especially, once we begin going up exponentially to our Buying Climax; similar to October, November and December of 2017.