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13 Dec 2021 09:22:59 UTC
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BTCUSD: IMPORTANT Next 16 to 28 Hours
Hi Everyone! As pointed out in the previous publication; it was UNLIKELY for the Red RSI in the 12-hour to "close" ABOVE Level 50 "before" the White Energy in the 6-Hour could "close" BELOW Level 50. So, we expected a period of DOWNWARD pressure to begin when the 6-hour White Energy closed below level 50. As you can see, we are seeing that downward pressure NOW and monitoring downward pressure races in the short term group of time frames. I make several important points in this video to monitor for yourself.
Hope this is helpful...
Happy Trading and Stay Awesome!
David
...
https://www.youtube.com/watch?v=YnCgYGhx0B0
Hope this is helpful...
Happy Trading and Stay Awesome!
David
...
https://www.youtube.com/watch?v=YnCgYGhx0B0
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Hi Everyone! The purpose of this video is a 20 minute REBUKE to one CLAIMING I should not have "Wyckoff" in my user name. Just because you do not see me covering WYCKOFF METHOD in my videos that much does NOT mean I do not understand Wyckoff Method; Does NOT mean I do not understand tape reading; Does NOT mean I do not understand Point & FIgure; does NOT mean I do not understand how to read volume , etc... etc... TO THE CONTRARY... I understand it very well. More so now than I did a couple of years ago... I understand my indicators even more now than I did a year ago.
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Hi Everyone! I suppose this is directed to the Bitcoin Maximalist; who's goal is to accumulate as much bitcoin as possible. I explain in this video (with examples) WHY it is IMPORTANT to trade Alt-Coin/ BTC pairs when beneficial; while also monitoring Alt-Coin/USD pairs to try to position yourself in the proper pair that offers increased odds of increased percentage gain. You will often find it is time to buy an Alt-Coin "with" your Bitcoins that are quite obviously going to go up more PERCENTAGE WISE than Bitcoin /USD is going to rise (Explained in the video).
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Hi Everyone! Hope all is well today... I'm doing fine... I've been super busy... Christmas shopping yesterday and a little this evening... cleaning vehicles... cleaning garage to reclaim the garage to park our vehicles in again, etc... Hope to get the garage cleaned out tomorrow... It's been a disorganized mess. I have a few more pieces of plywood to screw down in the attic to have the attic completely covered in plywood to carry stuff from the garage to the attic for storage.
As pointed out in the video; using the 10-Day, 12-Day and 2-Week time frames; I believe this is potentially a brief consolidation period for the purpose of re-distributing dollars from bitcoin over to top 20 alt-coins to prepare to pump them very soon. Top alt-coins to watch in my opinion will be Cardano (ADA), Ethereum (ETH), ChainLink (LINK) and PolkaDot (DOT). At least I believe they will receive the biggest percentage gains the first quarter of 2021.
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WHY do we want the Red RSI in the Daily (24h) to CLOSE above 56? So we can use another rule that states: "If the Red RSI can CLOSE above 56, we do not stand a CHANCE of a sustained reversal in trend until the White Energy hits the 50 percent level." The Red RSI closing above 50 is usually sufficient. However, I prefer the Red RSI "close" above 56 to feel more confident about not having a chance for a sustained reversal in trend until the White Energy comes back down to cross below the 50 percent level. This rule basically means UPWARD PRESSURE should continue until the White Energy crosses below 50. But FIRST we prefer the Red RSI to "close" above 56 in the Daily (24h) Time Frame.
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Hope this was helpful. Please take a moment to click "like" on the publication. If you have a problem with the platform allowing you to click "like," please let me know. I've noticed my publications not even making it to the first four or five pages on TradingView lately. Which is quite "odd" considering how many views I'm seeing the publications receive.
Happy Trading and Stay Awesome!
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