13.5 to 37.5 Hours From Now We Have a CHANCE for a Pull-Back.
Simply pointing out in the 12h time frame how we have a chance for a pull-back one to three more 12 hour candles from the CURRENT 12 hour candle that's expected to end in approximately 1 hour 25 minutes from this writing. So, if you're looking on WHEN to get in, may be best to wait on this upcoming pullback. The PURPOSE of the previous publication was to point out we are still in a bull trend in regard to the HIGH TIME FRAMES; such as the 9-Day, 12-Day, 16-Day time frames.
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Simply posting the 12h again for future reference when we pulled back the moment the White Energy turned down. The White Energy in the 12h was SUPER HIGH "without" the Red RSI at 56% or higher. Which meant the very moment the White Energy turns down, the price action will turn down with it.
Again, this was the 12 hour time frame. one would have to go to a time frame at one quarter the time to find the Red RSI "ABOVE" 56% in and watch for the White Energy in that time frame to get close to the 50% level to potentially catch that short.
Here's the 12h TF:
Again, this was the 12 hour time frame. one would have to go to a time frame at one quarter the time to find the Red RSI "ABOVE" 56% in and watch for the White Energy in that time frame to get close to the 50% level to potentially catch that short.
Here's the 12h TF:
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I went to a time frame one third instead of one quarter of the 12h. Which means I went to 4h instead of 3h. Have a look...
It's POSSIBLE it can continue up to around $10,600 and pullback to $10,350 to establish (confirm) $10,350 as support before continuing upward. It's also POSSIBLE it could blow through $10,600 and run up to $11,493.09 then fall back to around $10,890 to establish $10,890 as support. In either case, at least those who have not got in yet and looking on a place to get in, would get a pullback behind them and feel a bit more at ease about their entry with less chance of a pullback down even further. Of course, one could make an entry now with a stop loss to keep potential losses small if they are up to taking the risk. If they are intending on doing that with leverage, it better be a VERY SMALL AMOUNT of leverage in their position if they go long from here currently. It's too risky to take a long position here just yet. I prefer a better signal in the indicators that's more OBVIOUS. I'm willing to wait on OBVIOUS signals and not feel like I have to be in a margin trade ALL THE TIME.
I'm still leaning towards it not blowing through my blue shaded horizontal level on my chart and likely pulling back just shy of it with a lower high. If we go up with a higher high, that would be a chance of blowing through to $11K's. It could also be a bull trap to setup the anticipated pullback.
BOTTOM LINE: The current price level ($10,000 +/- $300) is a very testy price range.