Possible $399 to $454 MINIMUM by Mid to Late August
6 hours ago We need to see a Sign of Strength (SOS) accomplished by the price action running up to $399 at a minimum in order for us to stand a chance of Altcoin Season beginning for Ethereum . The current outlook in the 2-Week and 3-Week time frames actually looks promising. The only thing that can deter us from seeing an SOS in the ETHUSD price is a failure of their test net launch in 2-Weeks. ... https://www.youtube.com/watch?v=ragKIhfGAjI
Be MINDFUL of the Blue LSMA in the 6-hour. Also, we see POTENTIAL for continued EXPANSION "DOWN" in the 2-Day, 3-Day, 4-Day, 5-Day time frames. So, those who were in the LIVE stream with me when we called Margin Long around $42,600 to $43,600, you need to be careful of POTENTIAL continued expansion down. How much expansion? We don't know that yet.
Happy Trading and Stay Awesome!
David
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https://www.youtube.com/watch?v=Z95KWi_CzT0
Hi Everyone! I'm going to follow up with a "Part 2" video with a few more details about our current price movement and potential future price movement.
Happy Trading and Stay Awesome!
David
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https://www.youtube.com/watch?v=GJECrmgMoqA
I would feel better we have begun a reversal to sustained upward pressure once the White Energy in the 3-Day and 4-Day cross above 50%. The White Energy in the 3-Day "may" cross above 50 on July 8 and the White Energy in the 4-Day "may" cross above 50 on July 7, 2020. If you have not begun accumulating bitcoin , now may be a decent time to consider doing so. My opinion of course...
We may not see a retrace to the 0.618 FIB RT . There is too much going on financially, economically, politically and geopolitically in the world that makes crypto look very bullish . I'm leaving this labeled "Neutral" for now but beginning to look very bullish ...
Stay Awesome!
David
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https://www.youtube.com/watch?v=_P9VimUud4Q
Hi Everyone! As you know, we have been in a race between our White Energy in the 12h and the Red RSI in the 24h. We need the White Energy in the 12h to "close" ABOVE level 50 before the Red RSI in the 24h can "cross" BELOW level 50. We actually have a decent CHANCE of this occurring. However, we are not to draw the conclusion a reversal to upward pressure is actually about to occur until we have a look at the three (3) immediate lower time frames (cutting in half each lower time frame) to see if the Green is Higher than the Energy in those three (3) lower time frames.
We already have the Green higher than the Energy in the 90 minute time frame. It will take a couple of more 3h candles before we are able to see if the Green in the 3h can get higher than the Energy. We will not see if the Green can get higher than the Energy in the 6 hour TF until likely AFTER a period of exhaustion in the 6h time frame. During that period of exhaustion, we will need the Green to go sideways (sideways price action) to allow time for the Energy to fall below the Green in the 6h to setup for "Bullish Sentiment."
I'm leaving this publication NEUTRAL for now until we get those confirmations in the lower time frames.
I'm about to head over to another location to get back to work on my other office build. Yes, I will have an office at two different locations. I'll check back in again in several hours.
Happy Trading and Stay Awesome!
David
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https://www.youtube.com/watch?v=RZtn5kUOHII
Hi Everyone! Do NOT forget we are still experiencing upward pressure in the 12h and 24h time frames. It's POSSIBLE to see one more Up-Thrust to a price range of $14,390 to $14,611 that's followed by a brief pullback to the White UPPER B-Band in the Daily or to the Yellow BASIS in the Daily.
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https://www.youtube.com/watch?v=wPRzR76o3eQ
I'm not prepared to draw a conclusion for Near Term, Mid Term or Long Term TA based on what I'm seeing in the indicators currently. Hence, ONLY providing SHORT TERM TA at present until we can see what occurs with the White Energy and Green Line in the 12h Time Frame.
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https://www.youtube.com/watch?v=Ww8YVQbBxCQ
Hi everyone! For now, we have ranging sideways price action with a ceiling of $48,500 to $49,000 at present; according to the 4-hour time frame. Can this ceiling change later? Sure, but that appears to be the ceiling for now if we were to see a decent move upward over the next 12 to 16 hours. Also keep in mind the Blue LSMA is rather low in the 3-hour time frame. The B-Bands are rather tight and still contracting in the 3-hour time frame. So, if the price action snapped up to the White/Aqua UPPER B-Bands in the 3-hour, it's not saying much due to how contracted (tight) they are presently. If the Blue LSMA hangs out low in the 3-hour while the Red RSI goes above Level 50, we could see ranging sideways price action a while longer.
Happy Trading and Stay Awesome!
David
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https://www.youtube.com/watch?v=nNJ99tlyRJQ
Hi Everyone! As pointed out in the video, ETHUSDT is still quite bullish for the MACRO, Long, Mid and Near Term Groups of Time Frames. I'm expecting significant upward pressure pusshing us to the $4,750 to $5,330 price range; which is the Orange Upper B-Bands in several time frames in several higer time frame GROUPS. We have a good chance of reaching that price range (or potentially higher) within the next 12-Days and 3 hours.
This publication is labeled a LONG position for what we are seeing in the Macro, Long, Mid and Near Term Groups of time frames.
Happy Trading And Stay Aweseome!
David
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https://www.youtube.com/watch?v=sxGiZ0fGZow
We had a HUGE push above the 50% level with the White Energy in a NEW 3-Day Candle. The Green Line is still a higher level than the White Energy in the 3-Day and 4-Day Time Frames, which still provides a bull trend likely to follow soon. When the White Energy and Green Line exhaust in the 12h, 24h and 2-Day Time Frames, we need the Green Line to go out to the side at least one or two clicks to allow time for the White Energy to fall BELOW the Green Line in order to setup for a bull trend when the price action bounces back up AFTER exhaustion. So yes, it's POSSIBLE we may not see a shakeout. The only way to rule out a shakeout is when we see the White Energy and Green Line exhaust in the 24h and 2-Day Time Frames. When they do finally exhaust, we need the Green Line to go sideways a click or two to allow time for the White Energy to fall BELOW the Green Line to indicate a bull trend is likely underway.
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https://www.youtube.com/watch?v=_vOlVR5Amqc