We SHOULD continue with upward pressure (no dump) till AT LEAST June 23, 2019 before we see the beginning stage of a dump. We COULD continue with upward pressure till the 2-Week candle beginning July 8, 2019. However, we will have to continue with updates until then to see if that will be the case.
THERE IS A 50% CHANCE WE GO UP "HARD" AS IN 2012 AND 2013.
THERE IS A 77% CHANCE WE LEG UP TO TEST MY FIB AT $9,948.98.
THERE IS A 33% CHANCE WE CONTINUE SIDEWAYS IN A TRADING RANGE BETWEEN $9,100 AND $7,600 BEFORE WE HAVE A PRICE CORRECTION.
ALL OF THIS MEANS LTCUSD IS LIKELY TO CONTINUE UP AS WELL. HOWEVER, THIS DOES NOT MEAN LTCBTC WILL CONTINUE GOING UP.
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We have a bullish cross in the 3-Day TF with the 50-MA crossing above the 100-MA.
$9,948.98 is the next target. If we bust through the $9,948.98 price point, the next stop would be $11,399.70.
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UPDATE:
I've drawn lines on every indicator in the chart below to show possible future trek of the indicator lines.
It appears upward pressure will likely continue at least until the 2-Day Candle beginning June 22nd or June 24th. Which means, if we reach my 1.0 Black Primary FIB @ $9,948.98 well before June 22nd or June 24th, we LIKELY continue up to AT LEAST my Green Secondary 0.236 FIB @ $11,399.70.
It's very possible we continue with upward pressure for a longer period of time. I simply wanted to point out the EARLIEST possible date range for reversal to downward pressure.
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UPDATE with my custom chart BTCUSD BitFinex (Top); BTCUSD BitFinex Short Contracts (Middle); BTCUSD BitFinex Long Contracts (Bottom). If you have followed me a while, you have seen me post this chart several times in previous BTCUSD publications. I have not changed any text bubbles on the chart. They are still several weeks old.
They think they are the Federal Reserve; printing money out of thin air to buy real assets.
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Andreas Antonopoulos on FaceBook's Libra Coin: "We are now officially in the "bargaining" stage of the 5 stages of grief for traditional financial services."
Continued, "In order to bargain, the financial industry made a deal with the devil and got a fake blockchain in return. I think it is extremely dangerous. It will accelerate the cashless society dystopia and mix surveillance capitalism with the erosion of due process and civil liberties. It's horrifying in its implications, yet billions will go for it. I can only fight to provide an alternative."
Earliest POSSIBLE date of reaching exhaustion is still June 22nd. However, June 24th looks more likely when looking at the 2-Day TF. We will need to keep an eye on the Daily, 3-Day and 4-Day TF's until then.
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IF ANYONE seriously believes we will drop substantially below the 21-EMA in the weekly if and/or when we finally see a correction, you may seriously need to re-consider your "hopes" of a substantial drop below $6,500.
The chart below is a PRIME EXAMPLE to "Stick to basics; keep it simple; don't let it get complicated."
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Could go back to $9,948.98 again here:
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About to work on a video publication. Looks like we still have at least another day or two of upward pressure at a minimum. I'll explain in the video.
David, thank you for your continued insights on the market, particularly the BTC/USD, ETH/USD, and LTC/USD pairs. I appreciate the time that you take to conduct your research and express it in an easily digestible format. Well Done, as always!
Thank you for the very kind comment and your valued support!
Stay Awesome! ; )
David
SocialCryptopreneur
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@ProwdClown - Thank you for the continued efforts to bring us into your thinking on BTC movement at present. Also enjoyed your updates on ETH and ADA. Hope the moving to a new location is starting to materialize and that all is well in Alabama (have some friends in Fair Hope, if you know that part of the State). :D
Sure, you're welcome... I'm happy to share my thoughts on BTCUSD movement.
As for "moving to new location;" I'm waiting for them to move a boat out of the garage before moving our stuff to the garage. We were going to rent a storage unit but they insist on us moving our stuff to the garage. However, we cannot move until the boat is moved from the garage. The garage can hold six vehicles. It's a 5,500 square feet house that my 83 year old mother-n-law lives in all by herself. Simply waiting on my brother-n-law to make arrangements to get the boat out of the garage in order for us to move.
I'm about to get impatient because I want to setup my three 55 inch 4K televisions to use as monitors and build my new computer with two EVGA 1080 ti graphics cards with an SLI bridge to power the three 4K 55 inch televisions. I'm anxious to get them going because each 55 inch 4K television is similar to having four 27 inch monitors all inside one screen. I still have everything in the boxes and never opened. So, I might begin setting up my equipment this week in my current house to use with my other computers while I wait for garage space to make the move.
I'm also about to get very busy adding content to the website Monday. A couple more things are being done this weekend for organization in order to make it adding content a bit more intuitive.
Yes, I'm familiar with Fair Hope, Alabama. Small town but I like small and secluded. The more privacy the better in my opinion.
Thanks for stopping by and appreciate the support!
The three (3) 55 inch 4K TV's and a new countertop to act as a desk underneath the TV's that will be mounted to the wall with TV mounts:
i.imgur.com/Rgv9jlA.jpg i.imgur.com/muciHvq.jpg
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@SocialCryptopreneur, You will see the three (3) WHITE TV wall mounts in the images of the Newegg invoices.
I'm probably going to make legs out of 2x4's and paint them white to go under that countertop this week to act as a wider desk underneath the three TV's.