BTCUSD: This is NOT Our 30 to 40 Percent Dump Yet!!!
Hi Everyone! Hope all of you are doing great on this first day of another weekend. ; ) We still have a lot of upward pressure remaining in the Weekly, 9-Day, 12-Day and 2-Week time frames. One may wonder if the next Weekly candle may result in a 30 to 40 percent dump. I'm of the opinion we are NOT there yet. Mainly because of what I'm seeing in the 12-Day and 2-Week time frames. I believe we still have at least one more; if not two more 2-Week candles before we see a 30 to 40 percent dump.
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UPDATE:
EXAMPLES of 33.98 percent to 40.26 percent drops DURING A LONG TERM "BULL" TREND:
EXAMPLES of 33.98 percent to 40.26 percent drops DURING A LONG TERM "BULL" TREND:
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UPDATE:
Have a look at the 6 hour time frame:
Have a look at the 6 hour time frame:
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3 hour time frame:
3 hour time frame:
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REMINDER: We are waiting to see what the indicators in the "next" Weekly candle looks like in order to get a better idea if 30 to 40 percent drop is in progress or if a simple dip and/or sideways remains the order of the week before resuming upward pressure.
I'm still leaning more towards at least one or two more weeks of upward pressure. The question is if the upward pressure will result in continued upward momentum in the price movement or if we simply go sideways a bit longer before we see a 30 to 40 percent price correction.
REMINDER: We are waiting to see what the indicators in the "next" Weekly candle looks like in order to get a better idea if 30 to 40 percent drop is in progress or if a simple dip and/or sideways remains the order of the week before resuming upward pressure.
I'm still leaning more towards at least one or two more weeks of upward pressure. The question is if the upward pressure will result in continued upward momentum in the price movement or if we simply go sideways a bit longer before we see a 30 to 40 percent price correction.
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Comentarios:
UPDATE:
We have already reached my Near Term 1.618 FIB Extension Range WITH MORE UPWARD PRESSURE REMAINING in the Weekly time frame. So, our Mid Term 1.618 FIB Extension Range is still open game as long as we continue to have upward pressure in the Weekly Time Frame. We will have to see how much upward pressure remains in the 9-Day and 12-Day as well to determine if we can make it up to the Long Term 1.618 FIB Extension Range.
We have already reached my Near Term 1.618 FIB Extension Range WITH MORE UPWARD PRESSURE REMAINING in the Weekly time frame. So, our Mid Term 1.618 FIB Extension Range is still open game as long as we continue to have upward pressure in the Weekly Time Frame. We will have to see how much upward pressure remains in the 9-Day and 12-Day as well to determine if we can make it up to the Long Term 1.618 FIB Extension Range.
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UPDATE:
Here's a look at the Weekly "with" indicators:
Here's a look at the Weekly "with" indicators:
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UPDATE:
Added one more text bubble to the Weekly to show an EXAMPLE of the White Energy sloping out to the side a bit more rather than coming down faster at a steeper angle of decent.
Added one more text bubble to the Weekly to show an EXAMPLE of the White Energy sloping out to the side a bit more rather than coming down faster at a steeper angle of decent.
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UPDATE:
Wanted to show one more text bubble in the Weekly:
Wanted to show one more text bubble in the Weekly:
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I'm providing an example in this 5-Day time frame why it's important not to get distracted with the White Energy falling below level 50 just yet in this 5-Day TF. I've determined it's often better to see the White Energy get a bit closer to level 50 in higher time frames before consider level 50 in lower time frames for our exit strategy. We still have more upward pressure in our Weekly, 9-Day and 12-Day time frames; which is telling me to ignore the White Energy in this 5-Day TF for the most part.
I'm providing an example in this 5-Day time frame why it's important not to get distracted with the White Energy falling below level 50 just yet in this 5-Day TF. I've determined it's often better to see the White Energy get a bit closer to level 50 in higher time frames before consider level 50 in lower time frames for our exit strategy. We still have more upward pressure in our Weekly, 9-Day and 12-Day time frames; which is telling me to ignore the White Energy in this 5-Day TF for the most part.
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UPDATE:
We'll see if it can make it to my "Mid Term 1.618 FIB Extension Target Range" of $20,904.55 to $21,261.82. IF we see we still have more upward pressure remaining in the higher time frames, then we are looking at my "Long Term 1.618 FIB Extension Target Range" of $27.597.79 to $30,109.77
We'll see if it can make it to my "Mid Term 1.618 FIB Extension Target Range" of $20,904.55 to $21,261.82. IF we see we still have more upward pressure remaining in the higher time frames, then we are looking at my "Long Term 1.618 FIB Extension Target Range" of $27.597.79 to $30,109.77
$15,769 to $15,529 is potentially in play...