Reversal Likely Began March 1st; May be Obvious by March 7th.
As you can see in the 3-Day Time Frame, it looks like the White Energy is likely to hit or surpass the 50% level on the next 3-Day Candle beginning on March 7, 2020. When the Green Line turned upward and the Red RSI made contact with the Green Line WHILE the Green Line was going up, it signaled us to have a look at the White Energy to see where it was located at that point in time. Which also signaled us to make entry if we had not done so already. Of course I pointed this out in a publication on March 1, 2020; titled, "Reversal to Sustained Upward Pressure May Be Under Way NOW."
On March 3, 2020, I posted another publication; stating, we "May Have a Push Down Next 6h Candle; Have Stop Loss in Place." Which of course, we had a push down on THAT 6 hour candle and hopefully no one had a stop loss triggered.
If the current 3-Day Candle closes with the Green Line still turned up and the Red RSI making contact with the Green Line WHILE the Green Line is going up, then the White Energy in the next 3-Day candle has a very high chance of reaching the 50 percent level on March 7, 2020. We need to pay close attention to how the price action reacts on the 3-Day candles beginning March 7th and March 10th to get further confirmation we are on a bull run the remainder of March, 2020.
First Thing: We need the current 3-Day Candle to CLOSE with the Red RSI still making contact with the Green Line WHILE the Green Line is going up; indicating upward pressure.
Second Thing: We need the White Energy to extend above the 50% level.
Third Thing: We may have to wait until the 3-Day Candle beginning March 10, 2020 to see the price action run up dramatically. However, it's POSSIBLE it can run up dramatically a bit sooner.
Forth Thing: We need the price action to eventually get above $10,500.50 on Bitstamp to provide additional confirmation of a continued bull run the remainder of March, 2020.
Keep that stop loss in place. If you do not have a stop loss in place, you should do so after reading this comment. I'm not sure where people may have bought in and I'm not going to say where the stop loss should be set because of concern that Market Makers are likely reading this comment. The odds of a move up are ever increasing with each passing day. Which decreases the odds of a significant pullback to fill the CME Futures Gap at $7,675. So, even though the odds are decreasing for a significant pullback, I do not want you to remove your stop loss.
Thanks for taking the time to read the comments. I'll follow up with a video publication within the next several days.
Stay Awesome!
David
On March 3, 2020, I posted another publication; stating, we "May Have a Push Down Next 6h Candle; Have Stop Loss in Place." Which of course, we had a push down on THAT 6 hour candle and hopefully no one had a stop loss triggered.
If the current 3-Day Candle closes with the Green Line still turned up and the Red RSI making contact with the Green Line WHILE the Green Line is going up, then the White Energy in the next 3-Day candle has a very high chance of reaching the 50 percent level on March 7, 2020. We need to pay close attention to how the price action reacts on the 3-Day candles beginning March 7th and March 10th to get further confirmation we are on a bull run the remainder of March, 2020.
First Thing: We need the current 3-Day Candle to CLOSE with the Red RSI still making contact with the Green Line WHILE the Green Line is going up; indicating upward pressure.
Second Thing: We need the White Energy to extend above the 50% level.
Third Thing: We may have to wait until the 3-Day Candle beginning March 10, 2020 to see the price action run up dramatically. However, it's POSSIBLE it can run up dramatically a bit sooner.
Forth Thing: We need the price action to eventually get above $10,500.50 on Bitstamp to provide additional confirmation of a continued bull run the remainder of March, 2020.
Keep that stop loss in place. If you do not have a stop loss in place, you should do so after reading this comment. I'm not sure where people may have bought in and I'm not going to say where the stop loss should be set because of concern that Market Makers are likely reading this comment. The odds of a move up are ever increasing with each passing day. Which decreases the odds of a significant pullback to fill the CME Futures Gap at $7,675. So, even though the odds are decreasing for a significant pullback, I do not want you to remove your stop loss.
Thanks for taking the time to read the comments. I'll follow up with a video publication within the next several days.
Stay Awesome!
David
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Here's a look at the 3-Day Candle:
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A closer look at the Phoenix Ari 1.07 in case you are concerned about it being Red and still going down in this 3-Day Time Frame. Have a look at the Yellow Circles around the Phoenix Ari in 2017.
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A look at the 3 hour time frame...
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I drew white, red and green lines in the 3 hour chart above to show the POSSIBLE future trek of those lines within the indicator.
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Here's a look at the 6 hour time frame:
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Here's the 90 minute time frame:
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My bad... Here's the 90 minute once again but with the text bubble "pulled to front" to make it easier to read.
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If Red RSI in the 12h TF (Far Right) CLOSES at or above 56 percent, we know we do not have a CHANCE of a decent drop until the white energy hits the 50% level.
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The White Energy in the 8h Time Frame (Right of Center) is at 83% and falling. However, the Red RSI is "above" 56 percent in the 8 hour. Which means we do not stand a CHANCE of a decent drop UNTIL the White Energy hits the 50% level. Which means upward pressure continues in the 8 hour time frame until the White Energy hits the 50% level. This may also reveal the White Energy in the 6 hour time frame (Left of Center) may only be a shallow dip below the 50 percent level. Even the White Energy in the 4 hour time frame (Far Left) appears to have exhausted and turned up along with the Green Line and the Red RSI in the 4 hour is making contact with the Green Line WHILE the Green Line is going up; indicating upward pressure. So, this may continue sideways within a relatively tight trading range for a little while longer -OR- it could leg up soon during this current bought of upward pressure.
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8h TF (Left) and 12h TF (Right):
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4h and 6h time frames:
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What "conclusion" does the information gleaned from the 4h, 6h, 8h and 12h provide? It only a few words; I would say NEAR TERM: sideways within a relatively tight trading range at worst with possibility for legging up at best. That conclusion remains in play until we see what occurs with the Red RSI at the close of the current 12 hour candle.
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Let's see what happens when we have a new 3-Day Candle begin in less than 24 hours from now.
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The Phoenix TSI Short Cycle in the Bitcoin Margin Short Contracts (Middle) and Bitcoin Margin Long Contracts (Bottom) is rounding off at the bottom. Which means one of them is going to run up WHILE the other one remains flat. We will soon find out which one remains flat; resulting in those contracts decreasing...
