The purpose of this publication was to show WHERE one could place (scatter) buy orders on a POTENTIAL pullback. REMEMBER: I recommend keeping 70 to 80 percent of your coins OFF EXCHANGE and swing trade and/or scalp with the remaining 20 to 30 percent of your coins based on knowledge and experience level with the indicators.
Cardano has a LOT going on FUNDAMENTALLY with it at this point in time. Especially, with the roll-out of Shelley. Even more can be added to the mix if Coinbase were to add Cardano to its list of coins shortly after Shelley's roll-out.
So, with the Green 50-EMA crossing above the White 200-EMA in the 2-Day time frame; with Shelley rolling out; with the potential for Coinbase to add Cardano to its trading list; WE MAY NOT SEE AS DEEP OF A PULLBACK AS SOME MAY HOPE IF BITCOIN WERE TO PULL BACK SIGNIFICANTLY. I honestly believe Coinbase and Coinbase employees are likely accumulating Cardano as I'm writing in anticipation of Coinbase adding Cardano to its list of coins. It makes no sense for Coinbase not to add Cardano to its list of coins in my opinion. It would simply mean more trading fees for them with another worth while TOP TEN MARKET CAP COIN.
Take care today if you are traveling for Independence Day (July 4th). Happy Trading and Stay Awesome!
David
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https://www.youtube.com/watch?v=5lxbnpA98tY
Hi Everyone! I'll be spending time with family on this Independence Day (July 4th). Enjoy time with family!
Stay Awesome!
David
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https://www.youtube.com/watch?v=910itLU0WzI
Hi Everyone! We still need more time to determine if we are BEGINNING "exhaustion" of SUPPLY. This is pointed out in the video... I did not mentioned "exhaustion of supply" in the video. I wanted you to see how you would monitor to look for that exhaustion BEGINNING. For STARTERS, we need to see the Red RSI and Blue LSMA get above Level 20 to "stop" EXPANSION DOWN and for them both to get above Level 30 to have a better CHANCE of leaving the White/Aqua LOWER B-Bands and heading up to the B-Band Basis in the 24-hour, 2-Day and 3-Day time frames. Then, maybe we can see by the CLOSE of the 4-Day and 5-Day if the Red RSI and Blue LSMA in those two time frames can manage to begin CONTRACTION of the B-Bands to STOP the current EXPANSION of the B-Bands and have a CHANCE of stopping the price action from going DOWN with this current expansion in the 4-Day and 5-Day.
Yes, POSSIBLE Near Term Worst Case Scenario would be to go down some where initially to the Aqua LOWER B-Band pointed out in the video. If I remember correctly, that is around $1. 05 to $1.12... Can't remember... Does this mean we are going down there by me mentioning this? NO... I pointed out rules in this video to look for the ODDS of this occurring by MONITORING this. You can even set ALARMS on your INDICATORS to alert you to have a look for indication of your current position being THREATENED; depending on WHAT your position is (long or short) and WHERE (what price) you opened that position.
I need to take a break again...
Happy Trading and Stay Awesome!
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https://www.youtube.com/watch?v=dGop2IdhWRk
Hi Everyone! As mentioned LAST week (November 19th and 20th); we could see the B-Band basis in the NEXT weekly candle around $51K. Well, we are in that "NEXT" weekly candle NOW. It's important to point out we COULD continue falling to the White/'Aqua LOWER B-Bands in the 4-Day time frame; which would be a normal correction percentage drop for Bitcoin during a Long Term Bull Trend.
Could we be on the verge of Long Term Distribution? (Some might ask)... Sure, that is POSSIBLE. However, we do not KNOW this yet. The Long Term Group of time frames still suggest we have more room for continued upward pressure. I'm of the opinion we may see an event somewhat similar to the February/March, 2020 COVID drop. Which could shake out weak hands if we were to follow up similar with an immediate Mark-Up without taking time out for Re-Accumulation in similar fashion to March, April and May, 2020. A lot of people were screaming we were falling into long term distribution then. However, that was not the case. The composite groups simply through in a period of Re-Distribution during our Long Term Accumulation Schematic. Could this be the case again? In which the Composite Groups are creating a schematic to look somewhat similar to falling into Long Term Distribution but it get quickly rejected by following up with an immediate Mark-Up without taking the time for a period of Re-Accumulation before seeing a substantial mark-up? This may end up being the case.
I'm also keeping an eye on a couple of Big Tech stocks to get an idea of what could be playing out and see what affect (if any) this could have on the Crypto Currency Market.
I'm going to be super busy with this last big push in creation of Educational Content. I'm about to work on videos for opening a margin long OR buying outright as a Day Trader, Swing Trader and Investor (3 separate videos). THEN create three more videos on opening a margin short OR selling outright as a Day Trader, Swing Trader and Investor. This will require a LOT of my time over the next couple of days.
Happy Trading and Stay Awesome!
David
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https://www.youtube.com/watch?v=US-BYz-dDO4
Hi Everyone! I wanted to point out a few important observations in the 2-Day time frame. I will follow up with another chart pointing out a possible scenario at current price level as well that I did not mention in the video.
Happy Trading and Stay Awesome!
David
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https://www.youtube.com/watch?v=fdqvzWeMv1U
Hi Everyone! Thought I would give it a shot again; trying to explain how to open a Margin Long in this example. It's probably going to require me explaining it LIVE while it's playing out and doing so multiple times for some people to finally understand this. I hope some of you are able to understand it a little better this time. If not, maybe some other time.
There are several other things I could have said in the video but did not have time to explain it WITH EXAMPLES in the 20 minutes allotted for video publications.
Happy Trading and Stay Awesome!
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https://www.youtube.com/watch?v=H8oGs03u8Mc
Hi Everyone! My opinion is still more downward pressure for most all of September, 2020. Could things change by mid September? It depends on what may play out in the indicators between now and September 15th. We still have 1-Day and 2 Hours remaining in our race between the White Energy in the 2-Day and Red RSI in the 4-Day. It looks like it will likely be a TIE. In which case, the higher time frame wins the tie. But to make sure we will have a look to see if the Green Line is higher than the White Energy in the 6h, 12h and 24h time frames. If the Green Line is higher than the White Energy in the 6h, 12h and 24h time frames at that time, then yes, we would have a chance for a confirmation of reversal to sustained upward pressure and it being likely the bottom has come and gone. Let's see how it goes...
Stay Awesome!
David
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https://www.youtube.com/watch?v=huGSXHpznus
Hi Everyone! Simply wanted to EMPHASIZE we are still seeing TREMENDOUS upward pressure in the Weekly and 9-Day Time Frames likely to continue AT LEAST to the 9-Day Candle beginning November 11, 2020. If the White Energy manages to hit level 50, we should not see a long period of downward pressure. Any downward pressure occurring at the point should only be for a brief period of time (Likely no more than a week; possibly no more than four days). We might see a BRIEF pullback once we hit my major FIB at mid $14k level. This was a focus on Near to Mid Term Analysis; NOT short term or very short term. So, if you are considering using this TA to open a LONG position, you may want to wait and see what occurs with the White Energy in the 2-Day time frame.
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https://www.youtube.com/watch?v=eu5IJX_W83s