Unfortunately, Downward Pressure Continues Until the 2-Week...
...Candle Beginning December 23, 2019. My label as a "Short" is to proclaim we are still in a bear trend. The "Short"" label is NOT telling everyone to go margin short at this very moment.
We should see the Blue LSMA in the 2-Week begin to round off and turn back up between the 2-Week Candles that begin December 23, 2019 and January 6, 2020. This lines up with my previous prediction of possible reversal to SUSTAINED upward pressure the end of the first week of January, 2020 or beginning of the second week of January, 2020.
Just because we have downward pressure does not necessarily mean we must come down significantly. However, based on what we are seeing with the Margin Long Contracts on BitFinex and all the downward pressure we are currently seeing within the indicators, we cannot help but wonder if the price action comes down significantly from current price range. If we don't have a significant change in the 2-Day and 3-Day Time Frames soon to the positive, we can anticipate a decent drop.
The White Energy in the 2-Day is currently around 65 percent and falling. Once the White Energy passes below the 50 percent level in the 2-Day TF, we can anticipate a fairly decent drop in the price action. I'll post another chart shortly of where the price action could potentially fall to.
We should see the Blue LSMA in the 2-Week begin to round off and turn back up between the 2-Week Candles that begin December 23, 2019 and January 6, 2020. This lines up with my previous prediction of possible reversal to SUSTAINED upward pressure the end of the first week of January, 2020 or beginning of the second week of January, 2020.
Just because we have downward pressure does not necessarily mean we must come down significantly. However, based on what we are seeing with the Margin Long Contracts on BitFinex and all the downward pressure we are currently seeing within the indicators, we cannot help but wonder if the price action comes down significantly from current price range. If we don't have a significant change in the 2-Day and 3-Day Time Frames soon to the positive, we can anticipate a decent drop.
The White Energy in the 2-Day is currently around 65 percent and falling. Once the White Energy passes below the 50 percent level in the 2-Day TF, we can anticipate a fairly decent drop in the price action. I'll post another chart shortly of where the price action could potentially fall to.
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Here's a look at targets for the price action to POSSIBLY fall down to between now and the 2-Week Candle beginning December 23, 2019.
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Let's plan on a LIVE Stream Sunday at 3:00pm Central (Chicago) Time; which is also 9:00pm UTC (London) Time. Soon, we will have record feature for LIVE Streams to watch at your convenience.
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LIVE STREAM BEGINS 15 minutes AFTER the hour. Here's the link: www.tradingview.com/...1DFwTc3fZoLYJka536b/
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I'm about to go to the Post Office shortly. I'll post another video update a couple of hours after my return. Here's a reminder from the LIVE Stream we had Sunday (yesterday)...
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Just did a video update. Waiting for the video to finish uploading so I can add comments and a title to the publication before posting. Should be posted in a few minutes.
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My bad if you were watching the update video. I'm doing it over again.
