The indicators; as pointed out in the video; are leaning ever more towards continued upward pressure in the 24h, 2-Day, 3-Day and 4-Day Time Frames. I see this continued upward pressure in the 24h, 2-Day, 3-Day and 4-Day time frames pushing the Green Line in the Weekly Time Frame UPWARD on the NEXT Weekly Candle that begins in less than 24 hours. It's my OPINION...
This is a "Study" to see if this plays out. I have higher time frames to post here in comments later to explain the possibility of this playing out.
I posted a similar chart to the cover chart for this publication in the last update of my previous BTCUSD publication. Yes, I have made a few alterations and additions but the chart; for the most part; remains the same. If my previous analysis is correct, we should see continued upward price movement but in a slow methodical inclination until the last week of...
This is simply a study to show the potential for a bull run similar in fashion to September/November of 2015. The only thing I have more doubt about is my application of the same 1.618 FIB Extension Formula shown in the last chart of the comments section. Thanks for taking the time to check out the indicators within each chart below with their text bubbles. Make...
As pointed out in the video; we are currently in limbo potentially until April 18, 2020 before we know anything more definitive. Here's the 9-Day Time Frame once again with text bubbles:
As pointed out in the video; it appears downward pressure may likely continue till the second 12h Candle on Sunday or first 12h Candle on Monday when we finally have a CHANCE for reversal back to upward pressure. I also pointed out we may find bottom around $6,500 at the Lower Bollinger Band in the 12h Time Frame. I will follow up with another video shortly...
As pointed out in this video; it's possible the BODIES of each 2-Day Candle rides along the Bollinger Band (BB) Basis for a while before we see a chance of any SIGNIFICANT upward pressure. Part of the reason why is we really need to see the Red RSI in the Weekly TF "CLOSE" at or above 56 percent. Well, the Red RSI in the Weekly TF is still quite a ways yet from...
This actually has a chance to continue out sideways within a relative tight trading range before continuing up. It's still possible for a brief dip this weekend before continuing up. However, we should NOT assume the price action must come down a good bit during a period of downward pressure. Meaning, we could have more of a time correction rather than a price...
I will provide a price target for the "top" on the NEXT Weekly Candle. First Things First! What Things? We will continue to watch the White Energy in proper time frames and white energy in proper time frames to see how long we can continue with this upward pressure before we actually have a chance for a significant drop. I don't want to provide a price target...
We COULD have a possible dip before continuing upward with our price action. However, this upward pressure appears to be strong enough to keep us out sideways within a relatively tight trading range to lull in margin short positions to set a bear trap before snapping it up to $200. I'm of the opinion a margin short should not be considered at the moment. If you...
Judging by what we are seeing in the 2-Day and 3-Day time frames pointed out in the video, we should NOT expect a "significant" drop down deep below the Basis of the Bollinger Bands in the Daily (24h) Time Frame. In fact, the 6h and 12h time frames suggest we COULD potentially continue sideways between $7,050 and $7,500 before continuing up to my Primary 0.786...
I decided to make this "Type" publication an "Educational" publication due to the helpful information provided within. We will continue to experience upward pressure at least until the White Energy in the 2-Day Time Frame comes down to the 50 percent level. However, if the Red RSI in the 3-Day Time Frame manages to CLOSE at or above 56 percent, this will CONFIRM...
The purpose of this short video is simply to EMPHASIZE we are still experiencing strong upward pressure likely through the weekend. We are still on track to hit the Basis in the Weekly Bollinger at a minimum between $7,820 and $8,250.
It's also important to note the 200-Day Moving Average is hovering around my Primary 0.786 FIB at $7,820.37. So, I believe we should continue with upward pressure to at least test the 200-Day MA between $7,820 and $8,100 before we have a chance of a decent pullback. This is my opinion of course.
During the video I pointed out we may have a little dip (not big dip) down to $133 to $135 before we continue with upward pressure. I'm anticipating we likely run up to the Basis of the Bollinger Band in the Weekly Time Frame at $167 during the NEXT Weekly Candle. I've labeled this a LONG position with my focus on upward pressure resuming AFTER this brief bout...
If the White Energy in the 3h TF manages to continue going up, this will give the Red RSI in the 6h MORE TIME to continue going up and CLOSING at or above 56 percent BEFORE the White Energy in the 3 hour can make it down to the 50% level. Which means we would then IGNORE the White Energy in the 3 hour and focus on the White Energy in the 6 hour WHILE ALSO...
A short video with focus on price action relationship with indicators in the 3 hour time frame and Weekly Time Frame.
How did I come up with $6,180 Support Locally? I came up with $6,180 from the BASIS of the Bollinger Band in the 3 Hour Time Frame. Because we COULD see the price action fall once again if the White Energy in the 3h TF crosses below 50% "BEFORE" the Red RSI in the 6h makes it to or above 56 percent - Explained in the video. It's also POSSIBLE for the price...