Nothing Exciting; More Sideways & Upside Chance Feb. 6th to 15th
Downward Pressure to continue till around February 6th to February 15th before we see a chance for upward pressure. This is explained in the video with the 2-Day and 3-Day time frames.
There's a chance our Second Test of Support in Phase A goes below the Selling Climax. It's "rare" for that to occur but it's possible. However, if the price action falls below $2,868, it will mean what we thought would be our "base" to identify our lower boundary of an accumulation trading range between $3,125 and $4,225 has been rejected. Again, that's "IF" we fall below $2,868, it will mean we are still looking for a "Selling Climax" to form a "base" to identify the lower boundary of an accumulation trading range.
So, in order for my previous analysis to be "valid," we need the current price action to stay above $2,868 on Bitstamp.
There's a chance our Second Test of Support in Phase A goes below the Selling Climax. It's "rare" for that to occur but it's possible. However, if the price action falls below $2,868, it will mean what we thought would be our "base" to identify our lower boundary of an accumulation trading range between $3,125 and $4,225 has been rejected. Again, that's "IF" we fall below $2,868, it will mean we are still looking for a "Selling Climax" to form a "base" to identify the lower boundary of an accumulation trading range.
So, in order for my previous analysis to be "valid," we need the current price action to stay above $2,868 on Bitstamp.
Comment:
We have a new 3-Day Candle beginning in approximately 3 hours on all crypto currency pairs. I plan on providing new publications after the indicators update on the creation of a new 3-Day Candle.
Comment:
I'm providing a video publication very soon. Simply pointing out what I'm seeing in the 3-Day currently. Many more time frames will be covered in the video publication. I may have to provide one video for high TF's and one for short TF's.
3-Day TF:
3-Day TF:
