Hopefully, this was not too confusing to understand what I explained with the "44% Rule." I also covered the "56% Rule" again. Feel free to comment; post charts/publications, etc... in the comments section. Again, VERY SORRY for posting that STUPID title in that idea saying, "...B R E A K O U T." I totally acted prematurely and did NOT follow my rules. I...
In a previous post in another publication, I pointed out I would prefer you to use the White Energy in the 6 HOUR Time Frame rather than the 3 Hour Time Frame to determine when this downward pressure is likely coming to a close. The following chart includes the 6 Hour (Left) and the 12 Hour (Right). I've drawn a line in the Phoenix 1.119 indicator to depict the...
9-Day (Far Left); 2-Week (Left of Center); 1-Month (Right of Center); 2-Month (Far Right): 9-Day: It was looking rather bleak for BOA in this 9-Day TF that began January 2, 2020 when the Green Line turned down and the Red RSI made contact with the Green Line WHILE the Green Line was going down; indicating downward pressure. Not only that; the White Energy was...
It's looking like we may simply be testing support of the 200-Day EMA and/or 200-Day MA. It's looking like we are about to bounce off the 200-Day EMA. Could we have a dead cat bounce and fall lower? Sure... It's possible. If you have a PRO account, don't forget to keep an eye on the White Energy in the 3 hour time frame. Also watch for the Green Line to turn...
The purpose of this publication is to provide more clarification and understanding on HOW I use my indicators and to emphasize how IMPORTANT it is to pay attention to my updates within the publications. I don't need to be humorous with a "catchy" title and "catchy" video to go with the title. What is MORE IMPORTANT is the CONTENT of the publication; NOT the title...
It's IMPORTANT to note one should use only the BASIC rules for Godmode (Phoenix 1.118) when using this indicator with LINKUSD. Every pair has its own personality with the indicators. Which means it is important to analyze how the price action reacts with what's revealed inside the indicator with each price movement within a given time frame. Also remember to...
Those of you who have followed me a while know I use Fibonacci in an unorthodox way to most users of Fibonacci. I normally use the 3-Day Time Frame when calculating a price target range to the 1.618 FIB Extension. I do NOT place my 1.0 coordinate on the high. I place my 0.618 on the high and of course have my 0.0 on the low. I create a price RANGE target by...
We will have to keep an eye on the White Energy and the Red RSI in several time frames while this continues stair stepping up from current price point. I would be surprised if this went up hard and quick. It will likely go up slow and arduous. Sorry this chart has so much (busy).
The White Energy in the 3-Day for XTZUSD is not quite as clear as it is for other AltCoin/USD pairs in regard to the anticipated second wind in this current bull run. The Green Line is going up and the Red RSI is likely to make contact with the Green Line on the next 3-Day Candle WHILE the Green Line is running up; indicating upward pressure likely to ensue.
I'm of the opinion that if the banks fail, then XRP fails. The corona virus is hurting the banks pretty bad right now. This could potentially be the last pump and dump for XRP. I have a request for the XRP loyalist: Please don't bash me for sharing my OPINION. I'm simply sharing my opinion on the "stability" of XRP. The banks have a LOT of XRP to dump on the...
The White Energy will be getting very close to passing ABOVE the 50 percent level in the 3-Day TF on the NEXT 3-Day Candle; beginning approximately 8 hours from the time of publishing for this "idea." Please make NOTE of all Green Vertical Time Lines pointing out each time the White Energy crossed above the 50% level in the 3-Day Time Frame. You will see we have...
As you can see in the 3-Day Time Frame, it looks like the White Energy is likely to hit or surpass the 50% level on the next 3-Day Candle beginning on March 7, 2020. When the Green Line turned upward and the Red RSI made contact with the Green Line WHILE the Green Line was going up, it signaled us to have a look at the White Energy to see where it was located at...
I'm definitely seeing a chance for one more push down to begin possibly in the next 6 hour candle that begins approximately one hour from now. So, if you are currently in a margin long position, you may consider closing your position and wait for a dip or dump to POTENTIALLY my 0.786 Primary FIB at $7820.37. It could wick a little below that to fill a CME gap at...
Keep an eye on the White Energy in the Daily and the 2-Day to assist with CONFIRMING sustained upward pressure. It's important to recognize there is a POTENTIAL for one more push down. Meaning, this COULD POTENTIALLY be one last bull trap with a push up only to push it down one more time before finally taking it up. Which is WHY I mentioned it's IMPORTANT to...
Do NOT take this trade without using a stop loss... PERIOD... This is simply the TRADER merging with the ANALYST to take a "MANAGED" Risk. How is it managed? By placing a stop loss a tad higher than the previous low on the previous Daily Candle in anticipation of a HIGHER LOW on the next pullback. It's POSSIBLE it could really take off from here. This is our...
I would consider setting up a stop loss a tad higher then the "low" on the "previous" Daily Candle in anticipation for a HIGHER "low" on a pullback. If our stop loss does get triggered, we kept our losses small while also having an opportunity to get in at a lower price to make up for potential small loss if the stop loss is triggered. We must respect the White...
I recommend having your stop loss set higher than the previous Low on the previous Daily Candle. If you get stopped out, your loss is very small and we look for another entry. We can see we are getting close to a potential reversal.
Keep an eye on the White Energy in the Daily and the 2-Day to assist with CONFIRMING sustained upward pressure.