BTCUSD: Simply Pointing Out Our Diagonal Resistance Channel
Hi Everyone! Simply want everyone to see we are approaching a critical diagonal channel of resistance to contend with in the very near future.
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UPDATE:
We will have to watch time frames lower than this 12-Day time frame to get an idea of WHEN the White Energy in the 12-Day could potentially fall below level 50. It's beginning to appear we could see it fall below level 50 on the next 12-Day candle beginning January 13, 2021 but this is not guaranteed when just looking at the 12-Day time frame.
We will have to watch time frames lower than this 12-Day time frame to get an idea of WHEN the White Energy in the 12-Day could potentially fall below level 50. It's beginning to appear we could see it fall below level 50 on the next 12-Day candle beginning January 13, 2021 but this is not guaranteed when just looking at the 12-Day time frame.
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UPDATE:
The NEXT 2-Week Candle begins January 18, 2021. We have a new 12-Day Candle beginning January 13, 2021.
When the White Energy in the 2-Week time frame falls below level 70 (It has the current 2-Week Candle) we will normally see a significant reversal downward in the price action DURING that 2-Week Candle.
If we consider what we are currently seeing with the White Energy in the 12-Day and the 2-Week; we could potentially see a reversal to significant downward price action between January 13, 2021 and January 18, 2021.
The NEXT 2-Week Candle begins January 18, 2021. We have a new 12-Day Candle beginning January 13, 2021.
When the White Energy in the 2-Week time frame falls below level 70 (It has the current 2-Week Candle) we will normally see a significant reversal downward in the price action DURING that 2-Week Candle.
If we consider what we are currently seeing with the White Energy in the 12-Day and the 2-Week; we could potentially see a reversal to significant downward price action between January 13, 2021 and January 18, 2021.
Here's a close up of this diagonal channel