Tempted to Change Price Prediction Based on White Energy. WHY?

I have pointed out WHY in the White Text Bubble within Godmode indicator. This would be Phoenix 1.118 for some of you. Yes, it is POSSIBLE the White Energy could plummet down quickly all of a sudden to the 50 percent level. However, I'm seeing that being unlikely due to only one yellow caution dot with room for several more caution dots to appear before we see consolidation. Also, we have blasted through the Blue 100 Moving Average and heading upward towards the White 200-Moving Average that's currently sitting at $9,205. Hence, the reason for placing the Green Box as a target with the lower boundary of that target at my Green 0.618 SECONDARY FIB at $9,135.85. Yet, we could potentially continue higher to my Magenta 1.0 PRIMARY FIB at $9,948.98 before seeing consolidation.

Here's a better look of the Daily chart again without it being scrunched up by TradingView's Platform:

تعليق:

This scenario is "logical" to me; in that many will want to margin short at the upper boundary of this descending channel around the $8,635.95 price point. They may attempt a short squeeze at that price point and continue taking it up higher before consolidating. Just saying...

تعليق:

Is this "guaranteed" to play out? Certainly not guaranteed. I'm simply pointing out what I'm seeing currently in the Daily (24h) TF. I'm going to have a look at a couple of lower time frames and update this publication shortly.

تعليق:

12h TF... I'm going to have a look at the 6h TF shortly.

تعليق:

Also keep in mind that just because we see UPWARD pressure continuing for a while until the White Energy in the Daily reaches the 50% level... This DOES NOT mean we "must" continue up with the price action. We COULD continue out sideways more in a time correction before falling into consolidation on or around January 15th.

So, if you are considering taking a long position, PLEASE do not forget to ALWAYS implement a STOP LOSS to keep losses small and gains large.

تعليق:

6h Time Frame with comments in text bubbles:

تعليق:

A look at the 3h Time Frame:

تعليق:

I can see us potentially coming back down to test the Yellow 20-MA as support in that 3h TF posted above before continuing upward again. I don't see us coming down to test it just yet. Maybe end of day today or tomorrow.

تعليق:

I "REFUSE" to promote ANY exchange! PERIOD...

So, those of you sending me private messages asking me to support and/or promote your exchange WILL BE IGNORED PERMANENTLY.

تعليق:

As anticipated, we came back down to test the Yellow 20-MA in the 3h Time Frame. We "wicked" down a little lower than I anticipated but the structure of the candles are still currently closing along my Yellow Diagonal FIB inside my shaded blue box.

تعليق:

Update using the 2-Day Time Frame: