Hi Everyone! I know the audio is terrible compared to previous publications. That will improve when I get another professional mic for this PC I'm on. Had to move my professional mic to my setup for another platform. We currently have upward pressure race between the White Energy in the 2-Hour and Red RSI in the 4-Hour. Looks like the Red RSI in the 4-hour has a decent chance to win the race against the White Energy (WE) in the 2-hour. This upward pressure could potentially push us up to approximately $51,xxx before a potential pullback.
If you recall, I pointed out on November 26, 2021 it looks like we could blow past the 20-Moving Average and fall to the White/Aqua LOWER B-Bands in the 4-Day time frame. Ended up being the Aqua LOWER B-Band in the 4-Day. That publication was here (below):
BTCUSD: Potential White/Aqua LOWER B-Bands NEXT 4-Day Candle
Also pointed out on December 1, 2021 (Before I prepared my setup for another platform) we needed to be MINDFUL of the Blue LSMA in the 24-Hour time frame. It was CRITICAL to avoid falling to the White/Aqua LOWER B-Bands in the 4-Day and/or 5-Day time frame.
BTCUSD: Let Me Explain WHY LSMA in 24Hr Important
Happy Trading and Stay Awesome!
David
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UPDATE:
REMINDER: In the publication, I pointed out we may have to wait until the Next 12-hour candle (if upward pressure continues) or the next 12-hour candle after that before seeing that 51.5K mark at the White Lower B-Band in the 12-Hour...
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UPDATE:
This all stems on upward pressure continuing. What upward pressure? The upward pressure races in the Short Term Group. Current Pressure race is 2-Hour WE and 4-Hour RSI.
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UPDATE:
It was brought to my attention I did not have the 16-minute in the Immediate group of time frames in the video. It was actually the Weekly in the 16-minute spot. I changed the chart below to include the 16-minute in the bottom right corner.
52k and 49800k are resistance.. Selling pressure is on the table still, no volume again... I believe we will go down from here...
Gabrieltrends
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@dianaelena27 we would retest 50k level before any further dip
fract
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@dianaelena27, Reversal at blue fib range. Green level - all in
dianaelena27
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@fract, again you are seeing unicorns when you they are only dragons
mearsy
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thanks David , hope you mamage to get some sleep soon, the effort and content you have provided this weekend has been awesome and I think my brain is now overload working through it and testing myself on understanding. Lookig forward to the journey cheers
You'll "get this" (understand) soon enough... Want you to be like a machine... ; )
Stay Awesome!
David
Mihai_Iacob
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Great post, video and comments as usualy Thanks a lot
WyckoffMode
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@OptimoomFX,
Thank you, Optimoom!
; )
Jfdowning
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Dave, I religiously follow you and have for years. One of the few truest analysts that don't get stuck on the hype and reads what he's been given through the charts. IYO what range does BTC get in that you fear we could see a transition into a bear market or are you confident still that this is just one final lower channel before the spring takes off.