BTCUSD - Upward Pressure Short Term Target for Brief Pullback
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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UPDATE:
Posting the 12h once more:
Posting the 12h once more:
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UPDATE:
If you are wondering WHY a "LOCAL" and a "PRIMARY" FIB Extension? If we reach the LOCAL 1.618 FIB Extension Target Range with PLENTY of upward pressure to spare in higher time frames before year end, then we are looking at the PRIMARY 1.618 FIB Extension Target Range as our next target.
If you are wondering WHY a "LOCAL" and a "PRIMARY" FIB Extension? If we reach the LOCAL 1.618 FIB Extension Target Range with PLENTY of upward pressure to spare in higher time frames before year end, then we are looking at the PRIMARY 1.618 FIB Extension Target Range as our next target.
We just hit our "local" 1.618 FIB Extension. I'll post a "Mid Term" FIB Extension later today to point out where we could ultimately run up to before seeing a potential significant pullback.