Weekly Outlook: Downward Pressure Until On or Around July 30th.

Just because we have downward pressure for most of this NEW week does not necessarily mean the price action must come down significantly. As I've said before, this could act more like a TIME correction for now instead of a significant PRICE correction. If we do not see a PRICE correction this week, it may not occur until AFTER we continue with UPWARD pressure in August then find our bottom in the month of September before FINALLY going up the months of October, November and December to test the All Time HIgh (ATH) of $19,666 on BitStamp.

Hopefully, this TA has been helpful to those who have taken the time to view it. If you will, take a moment of your time to click "Like." Would certainly appreciate it.

Happy Trading and Stay Awesome!

David

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A chart publication to go along with this video publication:

Comment:

This video was posted on July 22, 2019. Today is July 24, 2019. I mentioned toward the end of the video what I was anticipating for the indicator lines in the 2-DAY Time Frame. You will see what I anticipated with the indicator lines has come to pass.