The current 4-Day Candle has just begun. Yes, the Green Line in the 4-Day candle is currently angled upward. However, it could end up angled down by the time this current 4-Day candle "closes."
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Simply to show if present day dropped a similar percentage to September, 2019... Where would that put us?
Simply to show if present day dropped a similar percentage to September, 2019... Where would that put us?
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UPDATE:
I need to make an IMPORTANT POINT: I've actually gained quite a bit more "understanding" of my indicators since April, 2020. I'm also learning I need to be more careful what TITLE I give my publications. Meaning, I need to be careful what I say in regard to how the market may move in the TITLE if I have not seen CONFIRMATION within the indicators yet. For example, I recently posted a publication in regard to running up first before potentially filling the gap. I said that in the TITLE of the publication. Well, that relied in large part to the Weekly "CLOSING" with the Red RSI making contact with the Green Line "WHILE" the Green Line is going up. They were making "contact" at the time of posting that publication. However, the Weekly had not yet "CLOSED" with them making contact. They are currently no longer making contact in the Weekly... I believe my methods are spot on. I simply need to be more careful not to make a declaration without confirmation in the future.
I need to make an IMPORTANT POINT: I've actually gained quite a bit more "understanding" of my indicators since April, 2020. I'm also learning I need to be more careful what TITLE I give my publications. Meaning, I need to be careful what I say in regard to how the market may move in the TITLE if I have not seen CONFIRMATION within the indicators yet. For example, I recently posted a publication in regard to running up first before potentially filling the gap. I said that in the TITLE of the publication. Well, that relied in large part to the Weekly "CLOSING" with the Red RSI making contact with the Green Line "WHILE" the Green Line is going up. They were making "contact" at the time of posting that publication. However, the Weekly had not yet "CLOSED" with them making contact. They are currently no longer making contact in the Weekly... I believe my methods are spot on. I simply need to be more careful not to make a declaration without confirmation in the future.
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UPDATE:
Simply posting the 3-Day, 5-Day, 7-Day and 9-Day time frames to look back upon in the future. I'll provide my thoughts on developments in several time frames in a few hours.
Stay Awesome!
David
Simply posting the 3-Day, 5-Day, 7-Day and 9-Day time frames to look back upon in the future. I'll provide my thoughts on developments in several time frames in a few hours.
Stay Awesome!
David
This "assumes" we continue down to potentially fill the Bitcoin CME Futures gap in the Daily time frame at $9,665. Is it still possible to continue sideways with support and NEVER fill the Bitcoin CME Futures gap at $9,665? Sure... it's possible. I'm simply assuming "historical precedent" will continue until proven otherwise.
The Weekly Time Frame has a couple more days before close. It currently appears as though the Weekly will NOT "close" with the Red RSI making contact with the Green Line "while" the Green Line is going up.
The White Energy in the 3h and 6h are both higher than the Green Line; indicating potential for bearish sentiment to continue in those two time frames. Which could mean downward pressure continues at least through the weekend.