Hi Everyone! Simply pointing out we are on the verge of seeing a "Sign of Strength" (SOS) confirmed the NEXT 9-Day and 12-Day Candles. The NEXT 9-Day candle begins January 10, 2021 and the NEXT 12-Day Candle begins January 13, 2021. We are currently experiencing upward pressure over the next several days. Does this mean the price action must go up "significantly" during a period of upward pressure? NO!!! It's POSSIBLE the price action can remain within a trading range during this period of upward pressure and we see a brief shakeout afterwards; just before resuming the upward pressure we are currently seeing in the 9-Day and 12-Day time frames. The same goes for ETHUSD
and ADAUSD... They too may go sideways within a trading range during this current period of upward pressure and have a brief shakeout before resuming the upward pressure seen in the 9-Day and 12-Day time frames.
Happy Trading and Stay Awesome!