Substantial Upward Pressure Resumes Last 12h Candle on Monday OR
...First 12h Candle on Tuesday." Meaning, downward pressure is continuing till the last 12h Candle on Monday or the first 12h Candle on Tuesday. I also believe this current downward pressure will only result in a dip no lower than the BASIS of the Bollinger Bands in the 6h and 12h time frames. I do not believe the price action will drop down to the Lower Boundary of the Bollinger Bands in the 6h. Only a dip to the BASIS in the 6h TF at worst in my honest opinion. This is WHY I'm saying this is likely the LAST CHANCE to accumulate before a likely bull run begins.
I HAVE LABELED THIS A "LONG" POSITION TO EMPHASIZE NOW IS THE TIME TO ACCUMULATE (MY OPINION) BEFORE A POTENTIAL BULL RUN BEGINS.
I HAVE LABELED THIS A "LONG" POSITION TO EMPHASIZE NOW IS THE TIME TO ACCUMULATE (MY OPINION) BEFORE A POTENTIAL BULL RUN BEGINS.
تعليق:
TO BE CLEAR: I have a hard time seeing the price drop down to the Lower Boundary of the Bollinger Bands in the 6h TF at $6,650. The Bollinger Band BASIS at $6,950 is likely target if we continue to fall further. Here is the 6h TF:
تعليق:
Another look at the 12 hour time frame:
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Here' is a look at the 2-Day Time Frame:
تعليق:
Obvious reversal to upward pressure likely occurs within the next 22 to 34 hours:
تعليق:
If you have margin short positions open, your stop loss will likely trigger within the next 22 to 34 hours:
Here's a look at the 12 hour once again to show a comparison from history of what the price action could replicate in similar fashion present day:
Here's a look at the 12 hour once again to show a comparison from history of what the price action could replicate in similar fashion present day:
تعليق:
Here's a look at the 6 hour time frame:
