One More Bout of Downward Pressure Near Term Before Lift-Off.
I'll post a lower time frame chart in a few minutes to show the near term downward pressure approaching before we resume our upward pressure once again. I'm labeling this a LONG position for the MID TO LONG TERM. The chart to follow in a few minutes will show the downward pressure for the near to short term. I'm leaning more towards the Aqua box and possibly the yellow box by first or second week of April before a fairly major consolidation event.
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Here's the 6-Day again less scrunched up. A lower time frame will follow...
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Here's the 9-Day before I get into LOW time frame for up coming downward pressure:
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For whatever reason, the magenta and yellow angled rectangles got HUGE... So, I deleted them in this 9-Day TF:
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This is two POSSIBLE "SIMILAR" scenarios (NOT EXACT) that could POTENTIALLY play out BEFORE "Lift Off." I will say though, "ETHUSD is still looking very bullish in the higher time frames. Hard to say if we have much of a dip here or if they decide to squeeze potential shorts by taking us up all of a sudden. I'll show the other POSSIBLE "bullish" scenario in the indicators in the 12h shortly.
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Here's the POSSIBLE "bullish" scenario with the indicators in the 12h TF. NOW let's have a look at those Red Vertical Time Lines I placed on the chart in HIGHER time frames to look for any conflict or similarities.
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I created a 7 minute video to explain a couple of things. It's currently uploading. THEN I will make a few WRITTEN remarks before publishing it.
