Hi Everyone! Bad Ass B-Bands have been updated to include the Magenta Upper and Magenta Lower B-Bands. The Standard Deviation for each Bollinger Band utilizes Fibonacci math rather than the usual default deviations in other B-Bands. Purple Upper B-Band = + 4.618 Standard Deviation Red Upper B-Band = + 3.618 Standard Deviation Orange Upper B-Band = + 2.618...
Hi Everyone! Yes, it's possible to come down somewhere between HKEX:28 ,900 and HKEX:29 ,500. However, will we continue falling? In my opinion, No.... We still have upward pressure according to many time frames pointed out in this video. So, can we fall down to the white/aqua LOWER B-Bands in the 3-hour time frame? Yes... Will we continue falling further...
Hi Everyone! This is simply a brief summary of WHY it's important to understand how to use leverage. We should always start (begin) with how much of our own equity we should allow to be at risk of liquidation. I personally allow myself to use up to 3 percent of my TOTAL equity in a position; while also allowing the price action to move up to 15 percent against...
Hi Everyone! According to the 3-Week time frame; we still have upward pressure the remaining 3-Days and 20-hours of the current 3-Week candle and all of the NEXT 3-Day candle. In fact, it's possible to continue with even more upward pressure the 3-Week candle AFTER THE NEXT 3-WEEK CANDLE. Why? Because Red Line is above Yellow Level 50; implying upward pressure...
Hi Everyone! Yes, it's possible to have a brief pullback here for the short term. It's possible to pullback to $0.38 to $0.36.5 (shake out) before seeing a push up to around $0.43 cents. However, be advised we could continue higher to near $0.50 cents by the time this period of upward pressure has exhausted. Which could be 2 to 4 weeks from now. Yes, it's...
Hi Everyone! This is important... Market Conditions have likely changed. The Red and Blue Lines have managed to rise above Yellow Level 50 in the entire short term group except for the 6-Hour time frame. However, the Blue Line may rise above Yellow Level 50 along with the Red Line in the NEXT 6-hour candle. When this happens, we have increased odds for the...
Hi Everyone! I know I've been away a while. Part of the time working on a swing script. The other part dealing with a broken foot. I've just now got to where I can limp around the house without crutches. Anyway, I want to post the 2-Day time frame here to point out the Red Line may fall "down from" Magenta Level 60 the next 2-Day candle; implying the price...
Hi Everyone! The current location (level) of the Red Line in the 8-hour and 12-hour time frames suggest the "odds" are much higher of the Yellow B-Band Basis in the 8-hour acting as resistance (24,400) and the Magenta Upper B-Band in the 12-hour acting as resistance (24,530). We need to wait until the next 8-hour and potentially the next 12-hour to get a better...
Hi Everyone! Appears we are still working on our "Sign of Strength" event in Phase D of Accumulation. We can go up to $135 quite easily in the 6-Week time frame; which see below: 6-Week Time Frame: RED TEXT BUBBLE: Red Line is above level 50 to trigger upward pressure in this 6-Week time frame. This upward pressure will last until the White Energy falls down to...
Hi Everyone! Our Red Line in the 24-hour is still quite high. Meaning, I see the Yellow B-Band Basis having very high odds of holding support for the next 2.5 days. The Yellow B-Band Basis in the 24-hour is currently at $23,220. Which see... What's important to understand at present is we are currently in downward pressure for potentially the next 1.5 to...
Hi Everyone! It appears $25,290 is still acting as fairly strong resistance over the next 14-Days. Meaning, we may still be "ranging sideways" between $21,360 and $25,290 for a while longer. Yes, we still have a chance to "over-extend" above $25,290 to around $28,240. If we were to over extend up into proximity of $28,240, I would anticipate a substantial...
Hi Everyone! I thought it was important to focus on our Long Term Group to point out potential "ceiling of resistance" in the event of organic price movement up to $25,300 to $25,600 price range. However, we could see "over-extension" up to the Magenta Upper B-Band in the 16-Day and 17-Day. Which would put us around the $26,550 to $27,150 price range. We...
Hi Everyone! I'm quite busy but needed to take a bit to provide an update for Bitcoin and Cardano.
Hi Everyone! Litecoin very much looks like we have made our transition from Phase C into Phase D with a Sign of Strength event. That "Sign of Strength" is not done yet. We are still working on it before we "eventually" begin our "Back-Up/Last Point of Support" event in Phase D. As pointed out in the video; we still have quite a bit of upward pressure remaining...
Hi Everyone! If you look at the Red Line above Level 50 in the Weekly and see our White Energy (momentum) is still well above level 65; we can conclude upward pressure is likely to continue for at least the remaining amount of time in the current Weekly Candle. As for the next Weekly candle; it may be that upward pressure continues for at least part of the next...
Hi Everyone! Someone asked, "What is exchange time?" I hope I provided an explanation as to what "exchange time" is. It's basically whatever time zone the exchange is located. Yes, you could change the time zone in the chart settings to the time zone you are located. However, it's possible you and another person you are talking to might get confused as to...
Hi Everyone! As pointed out in the video; we still have upward pressure the remainder of the current Weekly candle and potentially most all of the next Weekly Candle. With that amount of "time" of upward pressure remaining; there is a decent chance to breakout above $25k to proximity of $28K. If we go sideways, I would anticipate the price action to "range...
Hi Everyone! This video focuses on what could POTENTIALLY be a Descending Wedge Accumulation Schematic and what we need to see (over time) in order to confirm we are in a Descending Wedge Accumulation Schematic. Happy Trading and Stay Awesome! David