ADAUSDT: We Have Strong Chance to See $0.22 to $0.28 Soon.
Hi Everyone! Simply pointing out we still have a lot of upward pressure remaining in the higher time frames. Which means we still have a decent chance to push up to $0.22 to $0.28 price range at a MINIMUM before end of 2020. I'm labeling this a LONG position for all the room remaining for upward pressure in higher time frames. ... https://www.youtube.com/watch?v=Jhymsx3FPHc
Hi Everyone! Yes, the title said, "...for BRIEF Pullback." The White Energy in the 12 hour is nearing level 56 to 50. In which case, we could see a brief pullback. The reason for saying, "...brief pullback" is demonstrated in the video when we have a look at the current levels of the Red RSI and White Energy in the 24h, 2-Day, 3-Day and 4-Day time frames.
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https://www.youtube.com/watch?v=CIiwcELDhQE
Hi Everyone! Upward Pressure continues for the Near and Mid Term Group. We may see little shakeouts here and there along the way. This has the potential to go up quite well once it gets to going. My opinion of course.
Happy Trading and Stay Awesome!
David
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https://www.youtube.com/watch?v=deFD6JdEeww
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! I sat here for approximately an hour looking at many time frames present day and in history for comparison. I simply think it's too soon to think about opening a "safer" short position because of how much more time remains for upward pressure in the Weekly. Those of you looking for where to potentially accumulate; I'm estimating the price action may go sideways a few days with my PRIMARY 1.0 FIB Level (14,390 to 14,611) acting as support. Could we wick down to my 0.382 FIB Re-Trace then come back up? Sure... it's possible. I'm of the opinion we are at a stage of Composite Groups luring in margin shorts for a short squeeze one more time before taking us up again.
Taking us up again would stir up emotions of going to the moon and get others to FOMO in at a higher price than current price (maybe around $16.0K to $16.8K). Then they take us up quite a bit to around $17,xxx and slam it down to $15,850 in an attempt to liquidate margin longs before going up one last time before a major pullback. That's my thoughts anyway...
I may provide a few more charts with text bubbles in updates below in due time.
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https://www.youtube.com/watch?v=fMS4JVFfw6Y
Hi Everyone! Hope all of you are doing well today.. I'm doing fine after getting some much needed sleep. I read some comments in the previous publication. Which proved once again why I prefer to create video publications over chart publications to make sure there is no confusion. I pointed out how low the Blue LSMA in the 6-hour time frame was at the time. I said because of how low the Blue LSMA in the 6-hour was that we were likely coming back down again. I stayed awake longer to point out WHEN we were going to BEGIN falling using the 90-minute time frame. We actually began falling the very 90-minute candle I pointed out we would BEGIN to see us lose the White Upper B-Band. I went to sleep not long after we had already made it down to the B-Band Basis in the 90-minute.
I assumed (those who have followed me a while) would be familiar with downward pressure races; would be familiar with what occurs when the Red RSI and Blue LSMA fall below Level 50 in one time frame after another (EXPANSION OF THE B-BANDS and price action falling DOWN WITH EXPANSION). At least I hoped you would have remembered this if you decided to open a short. I also hoped you remembered if we were to fall during THIS weekly candle that the odds of us losing support of the White UPPER B-Band on THIS Weekly candle was very low odds. Meaning, if you opened a short and we made it down to the White UPPER B-Band, you may consider taking at least partial profit if unsure of downward pressure continuing and potentially losing the WHite Upper as support the NEXT Weekly candle and potentially falling to the Yellow B-Band Basis (20-Week Moving Average). I've learned not to get greedy and get in the habit of taking PARTIAL profit at a minimum when reaching an identifiable target (White Upper B-Band in the Weekly).
I will go over things like this and repeat them constantly in the near future during LIVE Streams. Until then, please remain focused and Stay Awesome!
David
PS - I see I'm going to stop providing titles based on the Macro, Long and Mid Term Group of Time frames. Especially, for those who do not care to trake the time to read content in the description. I also determined it would be best I provide VIDEO publications in times in which I see potential for a BRIEF shift in the market before resuming what we see in the Macro, Long and Mid Term Group of time Frames. This would be the best way to avoid CONFUSION in the future.
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https://www.youtube.com/watch?v=DSbYYNIqIeU
The purpose of this publication is simply a recap as to WHY we were doing what we were doing. We simply wanted to find ANSWERS to what may POTENTIALLY occur in the 24h by looking at time frames lower than the 24h. Also, by finding out what may occur in the 24h and 2-Day time frames; we might be able to determine if the Energy in the 4-Day can close above 50 before the Red RSI in the 8-Day can cross below 50.
I mentioned in the video I would post a link describing what time frames are within each GROUP of time frames along with other details about each GROUP of time frames. Please click on the link (chart) below and scroll down in the description to find that information describing details about each GROUP of time frames:
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https://www.youtube.com/watch?v=hhpxvrOfo5U
Downward pressure COULD continue longer than end of September. We will cross that bridge when it gets closer. I still recommend accumulating using Dollar Cost Averaging Technique. I also recommend hold some cash back to place buy orders in between the 0.618 and 0.786. I'm leaving this publication for ADAUSDT labeled "Neutral" for now since we are already below $0.10 cents. Yet we CAN go lower...
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https://www.youtube.com/watch?v=SETsTUYAtBI
Hi Everyone! If the price action continues to rise at its current pace, our odds of hitting my higher 1.618 FIB Extension between $20,900 and $21,260 increases dramatically. As a reminder; we may see a "shakeout" on the way up to that target range. I recommend keeping an eye on the White UPPER B-Band in the 3-Day time frame for an APPROXIMATE price target for the potential "shakeout" between the current price and my target range of $20.9K and $21.26K. I'm labeling this a LONG position based on what I'm seeing in HIGHER time frames. If you are considering opening a long position, I recommend you have a look at lower time frames for better entry. However, you may consider simply waiting for the White Energy in the 3-Day and 4-Day time frames to hit level 50 and see where the price may potentially fall to at that point before opening a long position. I personally believe the price would pullback to approximately the White UPPER B-Band in the 3-Day before resuming the upward pressure we see in the Weekly, 9-Day and 2-Week time frames.
Happy Trading and Stay Awesome!
David
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https://www.youtube.com/watch?v=6fgN0Gv5thM
Hi Everyone! B-Bands still tightening in the 6-Day Time Frame. They are not wanting to expand just yet in the 6-Day. We need to see the 2-Week "close" with Red RSI making contact with Green Line "while" the Green Line is going up to "confirm" a chance for upward pressure to continue. We have a "NEW" 2-Week candle beginning November 9, 2020. In the meantime, we have a chance for the price action to push up to the Aqua/Orange Upper B-Band in the 6-Day. The Aqua Upper B-Band is currently at $464.00. We're not quite ready for "Alt-Season" just yet... Let's see what we get in the next 2-Week Candle. I'm remaining "Neutral" on this one until we see what we have inside the indicators on the next 2-Week candle beginning November 9, 2020.
Happy Trading and Stay Awesome!
David
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https://www.youtube.com/watch?v=sAPJCAcmuTY