Reminding you once again upward pressure DOMINATES the 24h, 2-Day, 3-Day and 4-Day time frames. If you are thinking about shorting, you stand a high probability of getting squeezed.
Nota
90 Minute and 3 Hour Time Frames:Nota
6 Hour and 12 Hour Time Frames:Nota
White Energy getting closer to the 50% level now in the 12h Time Frame. So, it's POSSIBLE we could drop a wee little bit during this period of downward pressure coming up.Nota
The following Time Frames are 12h, 24h, 2-Day and 3-Day...REMEMBER: Upward Pressure still dominates for the mid term because the Red RSI in the 24h, 2-Day and 3-Day have all CLOSED at or above 56 percent level. Since this is the case, we do not anticipate that deep of a drop in the 12h TF when the White Energy crosses below the 50% level. The White Energy in the 12h is currently at 62.9% and falling.
Nota
REMINDER: If we do end up seeing a brief dip, I'm anticipating a drop between $7,233 and $7,306. Again, that's "IF" we see a brief dip down once the White Energy in the 12h crosses below the 50% level. It's also POSSIBLE the White Energy in the 12h does not even cross below the 50% level. The White Energy could turn right back up towards the 80% level without crossing below the 50% level. I've seen it do that before. I'm not saying that will be the case here. I simply want to emphasize UPWARD PRESSURE STILL DOMINATES the MID TERM Time Frames (2-Day, 3-Day and 4-Day Time Frames).
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.