12-Day White Energy Will Dictate Which of 3 Possible Scenarios!

Hi followers/viewers, Thank you for your continued support! Simply wanted to provide an update on three possible scenarios that first depends on whether we have a pullback or not? If we have a pullback, how low of a pullback will our price point fall? If a pullback price is not too low, our $14,611 target is only postponed to last week of June to first week of July. If the pullback is too deep, that could crush market sentiment and result in more accumulation before legging up to $14,611 and testing all time high in mid December. If we have a shakeout (pullback) that's fast, quick and not too deep, we can still test all time high by end of August. Regardless of whether we have a shakeout, pullback or continue going up, WE NEED TO KEEP AN EYE ON THE WHITE ENERGY IN THE 12-DAY TIME FRAME TO PREPARE FOR WHEN WE SEE EXHAUSTION OF UPWARD PRESSURE.

Comment:

Let's NOT forget the 4-Day White Energy pointed out in a previous video publication. It's still VERY POSSIBLE a shakeout does not occur and we bust up to $14,611.32 FIB.

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Comment:

I still believe in what I'm seeing currently in the 4-Day TF with the White Energy having just crossed above the 50% level. What am I seeing? Upward Pressure...

The White Energy turning back up in the 8-Day TF and the Green Line at a higher level than the White Energy (bullish trend signal).

And the indication of continued upward pressure in the 12-Day TF shown by how much room we have for the White Energy to make it down towards the 50% level.

Comment:

UPDATE:

I don't think the margin exchanges wish to find themselves in a similar situation again allowing people to load up on more margin longs again. They will have to slam this thing down to $2,500 or lower in one quick liquidation dump over the course of about 10 minutes to stand a chance of liquidating all long positions to get themselves out of the "pickle" they have put themselves in.

The reason I said in about "10 minutes" (or less) means they would have to do a QUICK WASH TRADE. Meaning, they dump everything down in a flash to $2,xxx; even into their own buy orders then right back up again to stand a chance of liquidating all margin longs to get themselves out of the mess they are currently in. Especially, Bitfinex. If you look at BitFinex margin longs, they are nearly six (6) times that of margin shorts.

This is why the CME has RULES stating every long position must have an opposing short position to ensure the winning position gets paid off and the CME is not held liable with their own capital to pay off the winning position. The crypto currency margin trading exchanges have NOT been doing this. Which means, the margin exchange has to fork out their own money to make up the difference to pay the winning position if they do not have enough OPPOSING POSITIONS to offset and pay the winning position its leverage. So, not only should the opposing position be the same amount of capital; it should ALSO BE THE SAME AMOUNT OF LEVERAGE.

Here's a look at mounting margin long positions against margin short positions on Bitfinex:

BTCUSD (Top); BTCUSD Margin Shorts (Center) & BTCUSD Margin Longs (Bottom):

Comment:

What I'm describing above in regard to "WASH TRADE" implies they would have to dump it hard to $2,xxx and right back up to where they dumped from; likely in less than 5 minutes (10 minutes tops) in order to not allow others enough time to enter in new margin long positions.

Comment:

The only way I see Bitfinex and Bitmex getting themselves out of this pickle they have put themselves in is by creating a "hack" of their exchange that's ultimately an "inside job." THAT could be the excuse it drops to $2,xxx and liquidate positions while avoiding paying off winning positions; at least for the near term.