The purpose of this publication is to emphasize upward pressure continues to dominate the Weekly, 9-Day, 12-Day and 16-Day Time Frames. So, we may see bouts of downward pressure in lower time frames will the upward pressure in the higher time frames continue to play out. I labeled this a LONG position for this mid to long term analysis. Does this mean we will not go down with a potential shakeout for the near term by labeling this a LONG position? NO... I will provide another video publication shortly on the possibility of a shakeout before continuing with our upward pressure.
If you wish to see another video posted yesterday to understand the BASICS of how I use the Red RSI in conjunction with the White Energy, feel free to watch that video in the link below.
"BTCUSD - Explanation of Date Range Tool; Yellow & Blue Circles."
If you wish to see another video posted yesterday to understand the BASICS of how I use the Red RSI in conjunction with the White Energy, feel free to watch that video in the link below.
"BTCUSD - Explanation of Date Range Tool; Yellow & Blue Circles."
Note
Note
New video currently uploading... I'll add some remarks in comments when it finishes uploading and post it in approximately 10 minutes.Note
"CHANCE For a Shakeout on Wednesday, May 6, 2020 to low $7K's."
Note
If you have not seen the video discussing our chance of going down to potentially the lower $7K's, please do so. Here is an update I posted in that publication that I will also post here:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.