Part 1: Discussion of Higher Time Frames (2W, 9D, 1W, etc...).
I'm following up with another publication with discussion of lower time frames for us to TRY to get a grasp of what could be going on. I'm about to get to "Part 2" now. See you in a few...
Stay Awesome!
; )
Stay Awesome!
; )
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PLEASE do not forget to have safeguard (stop-loss, stop-limit or trailing stop) to keep losses small and gains large.
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I'm currently working on lower time frame publication. Just letting you know the Daily TF currently shows downward pressure. Which is WHY I want you to have proper safeguard in place with the stop loss, stop limit or trailing stop.
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Posting a 2-Day Chart of BitFinex BTCUSD (Top); BitFinex Short Contracts (Middle) and BitFinex Long Contracts (Bottom) before I begin Part 2 Video of lower time frames:
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I'm currently have a good look at LTCUSD, ETHUSD and ADAUSD to see if I can get a clue as to what BTCUSD might be doing.
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MARKET CONDITIONS "MAY" HAVE CHANGED... We will not know for sure until June 6th or 8th when looking at the Daily. In the meantime, anticipate more downward pressure.
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Pardon all the notifications you are probably getting from my posts. I believe it's important I have a good look at ETHUSD and LTCUSD before continuing further with BTCUSD. I prefer to approach our TA for BTCUSD that way before drawing a conclusion with BTCUSD. So, I'm about to work on a video publication for ETHUSD first.
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$7,270 with authority, the next target will be the 50 MA in the 24h TF around $6,770.
I've been on with Chart Vampire the past 4 hours on YouTube. I'll get Part 2 up soon.
I've been on with Chart Vampire the past 4 hours on YouTube. I'll get Part 2 up soon.
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Looking at my TSI Short Cycle and Long Cycle indicators in the Daily Time Frame:
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A few more additions to the same DAILY (24h) chart:
