We Must Respect Downward Pressure We See in 12h, 24h, 2-D, 3-D.

Hi Everyone! We still see downward pressure very much present in the 12h, 24h, 2-Day and 3-Day time frames. Be super careful if margin trading right now. If looking to accumulate bitcoin, I mentioned a price range to consider for scattering buy orders. Do not assume the price action "must" come down significantly during a period of downward pressure. It's possible for us to have a TIME correction (Go sideways) rather than a PRICE correction down to the 0.5 or 0.618 FIB retrace mentioned in the video. We actually have a decent chance of a drop down from now until the 12h candle beginning 12:00 UTC (LONDON) Time on July 2, 2020. The White Energy may have likely fallen below the 50% level in the 12h TF by that time.

I need to get some much needed sleep. I'll catch up with y'all later...

Happy Trading and Stay Awesome!

David

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UPDATE:

We have a potential for BTCUSD to have a push down to around $8,608 between now and July 7, 2020.

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UPDATE:

Possibly as low as $7,985...