Upward Pressure Dominates; Dip Down to $6,650 is Worse Scenario.

9 abr 2020

Judging by what we are seeing in the 2-Day and 3-Day time frames pointed out in the video, we should NOT expect a "significant" drop down deep below the Basis of the Bollinger Bands in the Daily (24h) Time Frame. In fact, the 6h and 12h time frames suggest we COULD potentially continue sideways between $7,050 and $7,500 before continuing up to my Primary 0.786 FIB at $7,820.37. If you are thinking about shorting here, please be super careful. The Market Makers could easily keep this going out sideways between $7,050 and $7,500 in an effort to try to lull in margin short positions before squeezing them with a swift move to the upside to $7,820.37 (Bear Trap).

REMEMBER: We still have upward pressure UNTIL the White Energy in the 3-Day comes down and crosses below the 50 percent level. Probably not a bad idea (for now) to also watch the White Energy in the 2-Day. Upward pressure WILL CONTINUE at least until the White Energy in the 2-Day comes down below the 50 percent level. More updates to follow in the future.

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As always, Stay Awesome!

David