BTCUSD: Could Be On The Verge of Another Significant Push Down.
Hi Everyone! Unless we begin to get a significant turn to upward pressure (Green Higher than the Energy) in the scalping group of time frames and similar in the Short Term Group of time frames, we will likely see the B-Bands in the 3h time frame expand and the price action fall within the Aqua Orange LOWER B-Bands during the expansion of the B-Bands. If planning to short using these indicators, watch your scalping group of time frames with the 90min and 3h time frames closely for when to open that margin short.
Happy Trading and Stay Awesome!
David
Happy Trading and Stay Awesome!
David
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UPDATE:
BE ADVISED: It's NOT a "given" we are going down significantly just yet. Several groups of time frames need to be observed and monitored at the same time. In particular, we need the Red RSI in the 12h Time Frame to "CLOSE" below level 50.
BE ADVISED: It's NOT a "given" we are going down significantly just yet. Several groups of time frames need to be observed and monitored at the same time. In particular, we need the Red RSI in the 12h Time Frame to "CLOSE" below level 50.
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If downward pressure continues...
3-Day TF: