Looks Like We are Slowly Stair-Stepping Down to Me.

The Daily (24h) Time Frame (TF) is what scares the heck out of me currently. Yes, the 2-Day TF shows a CHANCE for upward pressure to continue until the 2-Day Candle beginning March 20th. However, does this mean the price action MUST continue upward to higher highs? No... If we do go higher, the highest I see us going potentially is to $4,094.50. Also, if we do go higher, we may have to wait until March 19th before we see a significant move upward to TRY to achieve a higher high than previous high of $4,040. I gather that prognosis from what I'm seeing in the 6h and 8h Time Frames.

Keep in mind the indicators can fluctuate and change. Meaning, the market conditions can change. If I do see a significant change coming, I'll follow up with another publication.

If you do remain in this, PLEASE have a stop loss or stop limit in place to protect yourself.

Happy Trading, Everyone!

; )

Comment:

I placed my secondary FIB back on the chart to show you where my $4,094.50 number came from. I "know" the way I'm using FIB's is "unorthodox." This way has worked for me for quite a while and I will still continue to use FIB's this way.

Comment:

If LTCUSDT means anything in regard to what BTCUSD may be doing, this video publication (below) is worth a look if you haven't watched it already.

LTCUSDT - NEW VIDEO Publication posted JUST NOW; titled, "This DEFINITELY Appears to be Stair-Stepping Down to Me."

00:00

Comment:

Energy in the 12h (far right) is near exhaustion and may turn up. If you look at the 3h and 6h ENERGY, they appear to be heading up. Expect upward pressure for most of the day. I'll update with another video later this evening. It's currently 9:00am for me right now. I'm heading over to visit my parents later this evening and eat dinner with them. Plan to provide video analysis a couple of hours after I get back to the house.

Comment:

It appears this upward pressure may not amount to much today. The ENERGY in the 12h time frame may create a double spike down. Will provide additional information later today or this evening.

Comment:

About to do a new publication now after catching up on some much needed sleep.