I'll post updates in comments section from time to time during my office remodel and my website build. We may see another bout of upward pressure this weekend. However, I do not see it evolving into new highs. It's too dangerous to go long right now. If we do end up falling sharply, I do not see us falling any lower than $7,500. If anything, I'm seeing $8,300 to $8,500 price range if we end up falling into a PRICE correction instead of continuing with a TIME correction. As long as our Daily candles continue to CLOSE "above" $9,949.98, we are in a TIME correction. The moment we have a Daily candle CLOSE "below" $9,949.98, we can anticipate a continued drop to or near the $8,300 to $8,500 price range; resulting in a PRICE correction of approximately 40 percent. We have currently seen a drop of no more than 30.8 percent.
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This honestly looks like more of a PRICE correction is in play rather than a TIME correction. 65% for PRICE correction and 35% for TIME correction.
I don't like how my Phoenix DG-1 Short Cycle has turned RED and turning down. Can it turn back Green and turn back up? It's possible but not looking very promising.
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Got my wall mounts mounted for the 55 inch TV's I will be using as monitors in my office. IT's slowly getting there...
I adjusted this Daily chart to allow you to see the Phoenix DG1-TSI Short Cycle indicator a little better. It has turned red a few candles back and heading down. It may continue down a while.
I have a dentist appointment in 45 minutes. Time to take a shower and head over there.
Cheers
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Here's a look at how the indicators COULD POSSIBLY play out in the 2-Week TF. Those new to charting: Each candle is a period of 2-Weeks in this chart below. I drew lines within Godmode indicator to show how downward pressure MIGHT prevail until mid September.
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Follow-Up Video Publication titled, "Wanted to Share a Few Things I'm Seeing in the 2-Week Time Frame."
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Here's a look at the 12h TF:
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Have a look at the Daily (24h) TF:
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I'm hearing Main Stream Media shilling for Central Banks (The Federal Reserve) that crypto currency is to blame for their coming debacle. Andreas Antonopoulos predicted in 2016 the Central Banks would blame crypto for their debacle. Which see: youtube.com/watch?v=6ZCVQHtD2l4&t=11s
That's Good video by Andreas Antonopoulos. Bankers need to engineer an excuse first (like a war) or something that is palpable to blame the financial collapse on. Blaming crypto is just another excuse to add to the basket that is a popular topic atm.
About your studio setup. I like the green painting.. :-) hope everything is ready JIT to the bull run. :-)
David! I wish well being and quick recovery with your tooth matter. If you need couple of folk medicine help tips..drop me a PM.
Yes, LOVE that video and many others of his videos. The funny thing is that event was SPONSORED BY A BANK and had bankers in attendance along with many techies they hired to work on their "blockchain." So, in essence, he was telling bankers to "deal with it."
Yes, you and I know the central banks very well in regards to their tactics.
Happy you like the wall paint. I like it too. Reminds me of the Caribbean. I hope to live on a tropical island in the Caribbean some day. I hope my office and website is ready JIT for the next bull run as well. Should be...
Thanks for the quick recovery wishes. I've forced myself to stop the pain meds and just deal with what little pain remains. It's always nice to have some pain meds held in reserve just in case they are ever needed for whatever reason.
Sure... I'll do my best to "stay healthy."
Thanks for dropping by to chat, Goldhead.
Stay Awesome!
David
Arbor1980
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I went through that... be happy it's the rear bottom and not the rear top... the sinus can cause some real complications there. I feel for ya!
Happy to be back! I can actually talk without much pain now. Still can't smile or laugh without serious pain though. Just got my stitches out about an hour ago. I have to wait 5 to 6 months for the bone graft to fully heal before I can get an implant.
Appreciate your continued support, Metza.
Stay Awesome!
David
EX-EX
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Thx for the update and analysis. Hope you get well very soon!
About your studio setup. I like the green painting.. :-) hope everything is ready JIT to the bull run. :-)
David! I wish well being and quick recovery with your tooth matter. If you need couple of folk medicine help tips..drop me a PM.
Stay Healthy!