This was simply a short/quick video to point out Reversal to sustained upward pressure may be playing out now.
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Going back upstairs to spend time with my wife on Mother's Day!Stay Awesome!
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We have a NEW 6h, 12h and 24h Candle. The White Energy in the 6h (Far Left in chart below) moved up to 48% (just shy of 50% currently). The Red RSI is NOT making contact with the Green Line WHILE the Green Line is moving up; indicating potential for upward pressure in the 6h TF. If my TA is correct, we should see a decent move up over the next 12 hours.The White Energy in the 12h TF (Center in the chart below) has moved up and the Green Line is trying to turn up. However, The Red RSI in the 12h likely will not make contact with the Green Line WHILE the Green Line is going up until the NEXT 12 hour candle. Then the next 12 hour candle after that they White Energy in the 12h will likely cross above the 50% level in the 12h.
The White Energy in the 24 hour (Far Right in chart below) is nearing exhaustion. However, we may not see the White Energy in the Daily begin to make a turn back up until the Red RSI in the 12h makes contact with the Green Line WHILE the Green Line is going up. If my TA is correct, we may very well see a reversal in the very near future.
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If you have not watched this 7.5 minute video comparing the 6h TF Present Day with the 6h TF on May 17, 2019, you may want to watch it. 
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COMPARISON: First Present Day 6h, 12h and 24h:Now here is May 16 & 17, 2019 6h, 12h and 24h:
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White Energy in the 12h hitting the 50% level is a safer long...Note
I'm NOT saying or implying we are going down to a lower low from here. I'm simply pointing out you may have less stress/emotions involved on a margin long position by waiting for the White Energy in the 12h to cross above the 50% level. Potentially, when the Red RSI in the 12h makes contact with the Green Line WHILE the Green Line is going up in the 12h.Note
Hi, I just woke up after approximately 6 hours of sleep. I need to fix some coffee and wake up a bit. I'll post new video publication updates in a couple of hours. I'm simply posting what occurred while I was sleeping. We REALLY needed that Green Line to come up in the 12 hour while I was sleeping and it did. I will elaborate on this and more in new video publications in a couple of hours.Note
Most recent update! More to follow...BTCUSD - "My Argument for Upward Pressure DURING a Block Halving Event."
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.