BTC: 25300 to 25600 and over extension chance to 26550 to 27150
Hi Everyone! I thought it was important to focus on our Long Term Group to point out potential "ceiling of resistance" in the event of organic price movement up to $25,300 to $25,600 price range. However, we could see "over-extension" up to the Magenta Upper B-Band in the 16-Day and 17-Day. Which would put us around the $26,550 to $27,150 price range.
We already see the Red Line in the 3-Week at Yellow Level 50. This is telling us the price action in the 3-Week can go up to the Yellow B-Band Basis; which is currently at $25,600. Don't forget we still have upward pressure according to the 15-Day time frame. Why? The Red Line closed above level 50 the previous 15-Day candle; which triggered upward pressure to last until the white energy falls down to level 50. Well, the white energy is currently at level 91.5 in the 15-Day. Which means we have high odds of upward pressure continuing for the remaining 14-Days of this current 15-Day candle.
I hope this was helpful.
Smash that "rocket" icon at the bottom right of the publication please.
Thank you for your valuable time!
Stay Awesome!
David
We already see the Red Line in the 3-Week at Yellow Level 50. This is telling us the price action in the 3-Week can go up to the Yellow B-Band Basis; which is currently at $25,600. Don't forget we still have upward pressure according to the 15-Day time frame. Why? The Red Line closed above level 50 the previous 15-Day candle; which triggered upward pressure to last until the white energy falls down to level 50. Well, the white energy is currently at level 91.5 in the 15-Day. Which means we have high odds of upward pressure continuing for the remaining 14-Days of this current 15-Day candle.
I hope this was helpful.
Smash that "rocket" icon at the bottom right of the publication please.
Thank you for your valuable time!
Stay Awesome!
David
