Will We Make History Falling Below 90-EMA in 4-Day TF ???
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I'm of the opinion we will not fall below the 90-EMA in the 4-Day TF. As I mentioned in the previous video publication, the 80-EMA may have very well been the bottom and it's just going to take a few days before we climb out of this downward pressure. However, if we do have another downward push to act as a small shakeout just before reversal to upward pressure, it may be that we only go down to the 90-EMA in the 4-Day TF before that reversal begins. The main reason I'm of this opinion is based on what I'm seeing in history. Does this mean history must repeat itself? No, not necessarily. I'm simply sharing my "opinion" of what we have seen in history.
If you have already bought in, I recommend NOT allowing emotions to coach you into panic selling. Fight your emotions and simply hold (wait). Cause it WILL come back up. If you allow yourself to panic on another push down, you may end up selling at or near the bottom and end up buying in higher. Which would result in you losing more coins. So, don't allow emotion to get the best of you.
Thanks again for everyone's support!
Happy Trading and Stay Awesome!
David
If you have already bought in, I recommend NOT allowing emotions to coach you into panic selling. Fight your emotions and simply hold (wait). Cause it WILL come back up. If you allow yourself to panic on another push down, you may end up selling at or near the bottom and end up buying in higher. Which would result in you losing more coins. So, don't allow emotion to get the best of you.
Thanks again for everyone's support!
Happy Trading and Stay Awesome!
David
Nota
NOTE the month of October DURING A BULL (Accumulation) Trend; NOT during Distribution like we have seen in 2014 Distribution and 2018 Distribution. We are in ACCUMULATION Schematic. Only one time have we seen a bearish month of October during Accumulation. That was in 2012.Nota
SocialCryptopreneur, provided some excellent observations and listed them below in Followers Comments section. Please read his observations -AND- my response with charts.Nota
I probably SHOULD have pointed this out during the video. I simply forgot to...The text bubbles are self explanatory in each chart.
Nota
Forgot to mention: The chart with the Red Text Bubble is the WEEKLY TF. The Chart with the Magenta Text Bubble is the 4-Day TF.Nota
Simply put: We should NOT assume we MUST fall into Distribution to much lower lows if the Weekly Candle Closes BELOW the 21-EMA. I've just shown by the two charts above where we had Weekly Candles CLOSE BELOW the 21-EMA. Yet, we did not fall into Distribution in a similar way as we did in 2014 and 2018.This is WHY I prefer to use the 4-Day TF instead of the Weekly with EMA's that are OUT OF THE NORMALLY ACCEPTED (USED) EMA's.
Nota
The Red Dots is the 21-EMA in the Weekly Chart with RED Text Bubble.Nota
This current 2-Day Candle began a little over an hour ago. A new 2-Day Candle will begin on September 28th. If we have not begun going up by September 28th and have not gone down yet, then we will likely drop further.Nota
Nota
About to do another BTCUSD publication explaining the following chart:Nota
65 to 75 percent chance the chart above may play out.
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