Hi Everyone! I hope everyone has enjoyed their weekend. ; ) Simply posting an update before celebrating my son's birthday at my parents house today. I want everyone to know we are still at substantial risk of falling down at least to the Yellow B-Band Basis in this 4-Day time frame. Do realize the Yellow B-Band in the 4-Day time frame is RISING as the price action is FALLING. I'm anticipating a potential drop down to the Yellow B-Band Basis some time during the next 4-Day candle beginning January 25, 2021 or the next 4-Day candle after that beginning on January 29, 2021. Be Advised: We are also at risk to fall down to the White Lower B-Band in the 4-Day time frame if the downward pressure actually does persist into the next two (2) 4-Day candles. Mainly because the Red RSI would be dangerously close to level 56 if the downward pressure persisted. At which point, the price action could fall down to the White Lower B-Band during the 4-Day candle with Red RSI at level 56 or not fall down to the White Lower B-Band until the next 4-Day candle after that; in which the Red RSI could be at or below level 50.
I have labeled this a "Short" position just as my previous publication labeled "Short" position (link below) due to what I'm seeing within the indicators in the 2-Day, 3-Day, 4-Day, 5-Day, 6-Day and Weekly. Do NOT open a short position without first considering the indicators in the Scalping Group of time frames (6min. 12min. 23min. & 45min.) and Short Term Group of time frames (90min. 3hr. 6hr. & 12hr.).
Happy Trading Everyone!
Stay Awesome!
David
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UPDATE:
Here's a look at the Weekly Time Frame:
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UPDATE:
BTCUSD: Clarification of "odds" (percentages) Discussed Here...
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UPDATE:
Here's a look at the Weekly Time Frame:
BTCUSD: Clarification of "odds" (percentages) Discussed Here...
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UPDATE:
MESSAGE TO EVERYONE:
Do NOT "assume" I'm using the 4-Day time frame all by itself to determine if downward pressure continues!
Downward Pressure Races were "triggered" AGAIN in lower time frames by the Red RSI falling BELOW level 50. Another Downward pressure race is about to be triggered in the 3hr. time frame. Here is the 23min. 45min. 90min and 3hr. time frames:
Here is the 6h, 12h, 24h and 2-Day time frames: NOTE: The White Energy is HIGHER than the Green Line in the 6h, 12h and 24h time frames at present. This may also carry over into the 2-Day Time Frame soon.
What does it mean when the White Energy is HIGHER than the Green Line??? It means BEARISH SENTIMENT...
This is what I mean by one MUST use this KNOWLEDGE in "GROUPS" of time frames...
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UPDATE:
Don't forget we have a "Downward Pressure Race" between the White Energy in the 2-Day and the Red RSI in the 4-Day. How do you suppose I'm making the determination the downward pressure race between the 2-Day and 4-Day time frames may continue? By having a look to see if downward pressure races can be TRIGGERED in lower groups of time frames. Yes, that was another "gold nugget."
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UPDATE:
What TRIGGERS a "Downward Pressure Race?" The Red RSI "closing" below level 50.
Thank you very much David for updating even you are very busy with your project you find time to give us precious informations. Like always 🙏🏽 Enjoy the birthday 🎉 of your son with your family. And don’t forget Stay awesome!
CryptoCrawdad
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You, Sir. You. Thank You Brother
Tarzan_
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@Super4433 yes
bitcoinpam
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Thanks, David - and a very happy B'day to your son! Enjoy your day :)