BTCUSD: My Argument for Upward Pressure to Continue - PART 2
Hi Everyone! This is a follow-up to PART 1; making the argument for upward pressure having a chance to continue into the NEXT 9-Day candle beginning on November 20, 2020. We COULD potentially see upward pressure continue into the 9-Day Candle beginning on November 29, 2020. However, we'll cross that bridge once we get there.
KEEP IN MIND: My analysis I have provided has focused MOSTLY on Mid Term Group Signals; which would be the 3-Day, 6-Day, 9-Day and 12-Day. I do NOT have the time at present to provide signals for the Short Term Group of time frames (90m, 3h, 6h and 12h). We will eventually move to our Near Term Group of time frames to determine an exit strategy once we see the potential for upward pressure to come to a close in our Mid Term Group of time frames. By the way, our Near Term Group of time frames is the 24h, 2-Day, 3-Day & 4-Day time frames.
I'm labeling this a LONG position simply to emphasize I still see upward pressure for the Mid Term GROUP of time frames.
Happy Trading and Stay Awesome!
David
KEEP IN MIND: My analysis I have provided has focused MOSTLY on Mid Term Group Signals; which would be the 3-Day, 6-Day, 9-Day and 12-Day. I do NOT have the time at present to provide signals for the Short Term Group of time frames (90m, 3h, 6h and 12h). We will eventually move to our Near Term Group of time frames to determine an exit strategy once we see the potential for upward pressure to come to a close in our Mid Term Group of time frames. By the way, our Near Term Group of time frames is the 24h, 2-Day, 3-Day & 4-Day time frames.
I'm labeling this a LONG position simply to emphasize I still see upward pressure for the Mid Term GROUP of time frames.
Happy Trading and Stay Awesome!
David
Comment:
BTCUSD: My Argument for Upward Pressure to Continue - PART 1