It's my opinion the time to take that managed risk is when the White Energy in the 12h TF crosses above the 50% level. If your stop is triggered, you kept your loss small and you simply look for the next opportunity to show itself again.
Don't worry about the previous title of your post, and thank you for the last post elucidating in full your 44% rule. Here however I see that you are focusing much on the lower TF and I can't help but fear we might have a bit of tunnel-vision here. I hear that waiting for the 4D green to cross red as safe pick but that is still the lower TF. As you have always preached, we mustn't lose sight of the higher TF.
Here the 2W to 16D have or are right about to cross below 50. 3W is one candle or a high-volume $500 dump away from crossing below 50, with red RSI below 50 meaning if it dumps it dumps big time. 1M looks iffy, 6W could project upward but 2M are on a steep slope down. Every time we say "something (high TF no less) could turn back up soon", it doesn't really. Five days and $1500 dump later we know the 12D isn't warping back up soon anymore.
I know please don't think I am criticizing, I know it's tough to be multifaceted in every post limited in 20 minutes to cover all low and high TF and fundamental analysis and education and "get" it right at the end. We are human beings. I am not doing what politicians like to do, flanking others than be in a position to be flanked. I am just brainstorming, and 16D-3W-2M look grim one must admit, and I am voicing my concern over an immediate bullish outlook.
Popovich
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@Popovich, Forgot to get to the point, which is that the illusion we had about the 12D warping back up soon (proven wrong in 5 days) could be the same one we have now about the 2M warping back up soon (to be proven wrong in 2 weeks when we meet at 6.5-7k?)
I ran out of time while covering higher time frames in this video. I had to stop once I got down to the 12-Day. When I have time, I will post info on the 9-Day, 1-Week and 6-Day.
Haejin
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Why are you not putting higher time frames like weekly, into consideration?
I did not have enough time to finish covering all the time frames I wanted to cover. I'll provide further info of the 9-Day, Weekly and the 6-Day in the comments section soon.
AGOODLIFE007
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Appreciate the time you took to put this tutorial togeather. Looking forward to the future, when we have the opportunity to discuss the fundamentals of each indicator.
WyckoffMode
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@itsshahbaz,
Sure,, you're very welcome!
Yes,, I too am looking forward to the future. Unfortunately, in the present, I still have to get these taxes completed.
Stay Awesome!
David
UnknownUnicorn6653705
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Time to open longs on bitcoin, This idea below explains why:
UnknownUnicorn6061584
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resourceful work
sharing my chart
Haejin
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Here is 6 hr ETHBEAR token; bullish as heck! White Energy is upwards past 50%; green and red both pointing up. This shows that ETH is likely to take another big decline.
Here the 2W to 16D have or are right about to cross below 50. 3W is one candle or a high-volume $500 dump away from crossing below 50, with red RSI below 50 meaning if it dumps it dumps big time. 1M looks iffy, 6W could project upward but 2M are on a steep slope down. Every time we say "something (high TF no less) could turn back up soon", it doesn't really. Five days and $1500 dump later we know the 12D isn't warping back up soon anymore.
I know please don't think I am criticizing, I know it's tough to be multifaceted in every post limited in 20 minutes to cover all low and high TF and fundamental analysis and education and "get" it right at the end. We are human beings. I am not doing what politicians like to do, flanking others than be in a position to be flanked. I am just brainstorming, and 16D-3W-2M look grim one must admit, and I am voicing my concern over an immediate bullish outlook.