Hi Time Frames show continued downward pressure till the Weekly, 2-Week, 3-Week, 4-Week and 6-Week candles beginning on March 30, 2020. It's very possible the bottom is already in the bag and we are slowly beginning to see a reversal to upward pressure. I pointed out a potential for reversal to upward pressure likely in the making if one were to pay close attention to the indicators in the 2-Day and 4-Day Time Frames. I will follow up shortly with another video publication with focus on lower time frames.
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In case you are wondering who "MasterLuc" from BitcoinTalk.org is on TradingView, here is his most recent publication. Much respect for MasterLuc...
If you followed my advice with that STOP LOSS on March 10, 2020 and placed your stop loss in the upper 7k's or lower 8k's, you would be fine, Sir. How So??? Because you would at least been able to accumulate bitcoin between $4,975.60 and $6,149.32 as I stated on March 12, 2020. Yes, the price went below $4,975.60. Even so, I still believe that is the likely price range for accumulation before reversal to sustained upward pressure. If you had your stop loss in place in the upper 7k's or lower 8k's on or before March 10, 2020, your loss would have been very small and your opportunity for gains increased by allowing yourself to make up for that small loss with accumulation at a much lower price.
Why don't you invest some time posting publications of your own. You are certainly welcome to share your publications here in the comments section to promote CIVILIZED discussion.
Haejin
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@WyckoffMode, I think the higher TF focus from the onset would have given a greater awareness to the downward pressure which has wreaked havock on ETH, BTC, etc.
I bought ETHBEAR at $11 and sold at $90 because the small TFs are often not able to counter the longer TF downpressures.
What's next? Lower lows; per the longer TF what if scenarios.
Yes, the higher TF's were looking as if we could come down. But at the same time, I could show you from history where it could have turned up. The kicker was the Red RSI in the Daily (24h) TF not making it up to or above 56% on March 8, 2020 when the White Energy in the 12h had already fell below 50% level. Once that phenomenon occurred in the 12h and 24h, it only cemented what we were seeing in with the White Energy in the 6-Day and 9-Day time frames at that particular time.
Miamicane1
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Thank you for always being on the forefront for expertise and knowledge. As a friend of mine says, "Stay Awesome" I really appreciate you