aBitLong

aBitLong

In the mid term group of timeframes (3d, 6d, 9d, 12). In the 3d, subsequent to the Red RSI making contact with the Green EMA as it falls, the Energy has closed below level 50 indicating a period of downward pressure (as we have seen reflected by the price action). As the Green EMA is higher than the Energy we are likely to see a higher low, The Green is poised to...

aBitLong

There was a clear signal that we were going to experience a dump when the Red RSI made contact with the Green as it descended in the 2d as the Energy was so close to 50. We new that the next candle we would see the Energy drop below 50. This was our warning signal. Near Term: 1d, 2d, 3d, 4d In all this group of timeframes we have seen the Energy drop below 50...

aBitLong

Just a quick update focusing on when we may see a major pullback. I'm not suggesting that we need to react but more that we need to be aware and continue to monitor. THIS IS NOT A SELL SIGNAL In the daily the Red RSI is making contact with the Green as it falls (the Green can turn back up) we need to keep an eye on this to see if it closes like this in about 13 &...

aBitLong

I have created a new publication for ADAUSD I will get this out asap and elaborate when I get a chance - I am going out for a walk now with family... Another quick update to point out that we have reason to be cautious at the moment because of the Energy levels in relation to the Green MA in the scalping TFs indicating downward pressure in these TFs. I will look...

aBitLong

Looking at the short term group of timeframes (90m, 3h, 6h, 12h) We can see that the Green is higher than the Energy in all this group of timeframes indicating bullish sentiment. We can start seeing early signs of forming an upward trend after a long consolidation period. In the 90 the Red RSI has closed making contact with the Green MA as it rises. As the Red RSI...

aBitLong

We have seen some great action with 0x over the past few days. Since early Jan we have been finding support on the Bollinger Band basis in the daily for the most part, since Jan 28 we have been finding support on the white upper BB. On Feb 3 we saw the Blue LSMA turn back up and as a result we saw a considerable expansion of the BBs. In the near term group of TFs...

aBitLong

Update to previous analysis Just a quick update to point out that we can see some early signs for a possible reversal to upward pressure. The Green is higher than the Energy in all of the scalping group of timeframes, this indicates bullish sentiment. It is in these timeframes that reversals to upward pressure originate. In the 3h the Green has crossed above 50,...

aBitLong

Just a quick comment re early potential for upside. Will update asap

aBitLong

Looking at the scalping group of timeframes (6m,12m,23m,45m) The Green MA is higher than the Energy in all this group. This indicates bullish sentiment. For those of you who follow WyckoffMode, you will be aware that David has gone to great pains to point out that reversals to upward pressure will start in these timeframes. Due to the shortness of these...

aBitLong

In the Mid Term group of TFs (1d, 2d, 3d, 4d) The Green MA is higher than the Energy in all TFs, The Red RSI is significantly above 50. We know that when the Red RSI has closed above 50 we are unlikely to see a reversal to downward pressure until the Energy falls below 50. Currently Energy in the 4d is at 67. However because of how high the Red RSI and the Green...

aBitLong

Looking at the short term TFs in the 6h & 12h the Energy is higher than the Green MA, as a result, we could potentially see a lower low in the 6h, and as the Red RSI has closed below 50 and has closed while making contact with the Green as the Green falls, we have a good chance of the price action going down to the Aqua/Orange Bollinger Bands in the 6h. In the...

aBitLong

The Green MA is higher than the Energy in all the near term group of timeframes and the Red RSI has made contact with the Green as it rises in the 1d, 2d & 3d indicating bullish sentiment. The Red RSI is also above 50 in this group of TFs. In the 4d the Red RSI has made contact with the Green MA as it falls which is bearish for that timeframe. We can see that the...

aBitLong

I have marked this long on the basis of what I see in the short term, however there is currently potential for downward pressure against the BTC pair in the Mid Term TFs As the Red RSI has closed in the 45 minute below 50 we are now in a race between the Energy in the 45 and the Red RSI in the 90. The Energy in the 45 needs to close above 50 before the Red RSI in...

aBitLong

Just a quick one - Green MA is higher than the Energy in these TFs which indicates bullish sentiment. Looking very bullish in these TFs Marking Long - will revisit when I get a chance...

aBitLong

Just to point out, we are currently in a race between the Energy in the 3d & the Red RSI in the 4d. The Energy in the 3d needs to close above 50 before the Red RSI in the 4d crosses below 50. If this happens we have a chance for reversal to sustained upward pressure. Trade safe aBL

aBitLong

We are still experiencing downward pressure. We are currently in a "Race" between the Energy in the 1d & the Red RSI in the 2d. In order to see a possibility of a reversal of upward pressure, the Energy in the 1d needs to close above 50 before the Red RSI in the 2d crosses below 50. Near Term TF Group. In this TF group we can see that in the 1d & 2d the Green is...

aBitLong

Further to my update on previous analysis this morning - see link. I had originally marked my previous analysis as Neutral. I have decided to do a new publication so that I can mark it Long based on what I can see in the indicators. Green is above Energy in 90m, 3h, 6h & almost level in the 12h. The Red RSI is above 50 in all these TF's meaning we are likely to...

aBitLong

Near Term group of TF's (1d, 2d, 3d, 4d) Daily White Energy won the "Race" against Red RSI in 2d. In other words the Energy in the 1d closed above 50 before the Red RSI in the 2d crossed below 50. In the 2d, 3d & 4d the Red RSI is above 50. Although we are currently still experiencing downward pressure, the Green MA is higher than the White Energy in the 2d, 3d &...