Double Time Frame Cascade Rule - BASIC: Ending Downward Pressure
This video provides a quick BASIC understanding of how to use the Doubled Time Frame Cascade Rule to determine when a period of downward pressure is about to reverse to a sustained period of upward pressure. Let me EMPHASIZE this is a "BASIC" understanding. There are more ADVANCED rules to keep in mind in regard to one key word, "SUSTAINED." "Sustained" for how long? You could have a reversal to a period of sustained upward pressure for a few weeks within the Mid Term Time Frame Group (3-Day, 6-Day, 9-Day & 12-Day). However, the Long Term Time Frame Group (1-Week, 2-Week, 3-Week & 4-Week) are indicating it is not necessarily time for a reversal to SUSTAINED Upward Pressure for MANY MONTHS; such as the period of upward pressure experienced from September, 2015 to December, 2017.
I don't want to cover too much in one video. I only had the time to cover BASIC understanding of this concept identifying WHEN a period of downward pressure is reversing to a period of sustained upward pressure within a GROUP of time frames.
Followers,
Thank you for investing your valuable time viewing my content. If you have not watched this video yet, it would be worth your valuable time to do so.
Happy Trading and Stay Awesome!
I don't want to cover too much in one video. I only had the time to cover BASIC understanding of this concept identifying WHEN a period of downward pressure is reversing to a period of sustained upward pressure within a GROUP of time frames.
Followers,
Thank you for investing your valuable time viewing my content. If you have not watched this video yet, it would be worth your valuable time to do so.
Happy Trading and Stay Awesome!
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UPDATE:
The White Energy in the 3h TF crossed ABOVE the 50% level BEFORE the Red RSI in the 6h crossed BELOW the 50% level. This means we have a decent chance for a REVERSAL in downward pressure to upward pressure.
3h White Energy currently at 65% with 1 hour 45 minutes till the CLOSE of the current 3h Candle. 6h Red RSI at 55% with 1 hour 45 minutes till the CLOSE of the current 6h Candle.
Here's a look at the 90 minute TF:
The White Energy in the 3h TF crossed ABOVE the 50% level BEFORE the Red RSI in the 6h crossed BELOW the 50% level. This means we have a decent chance for a REVERSAL in downward pressure to upward pressure.
3h White Energy currently at 65% with 1 hour 45 minutes till the CLOSE of the current 3h Candle. 6h Red RSI at 55% with 1 hour 45 minutes till the CLOSE of the current 6h Candle.
Here's a look at the 90 minute TF:
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UPDATE:
90 minute TF (Left) and 3h TF (Right):
90 minute TF (Left) and 3h TF (Right):
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UPDATE:
It's also POSSIBLE this fails one more time and we fall back down. WHY? Because the current 3h and 6h candles HAVE NOT "CLOSED" JUST YET.
It's also POSSIBLE this fails one more time and we fall back down. WHY? Because the current 3h and 6h candles HAVE NOT "CLOSED" JUST YET.
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UPDATE:
15 minute (left) and 90 minute (right):
15 minute (left) and 90 minute (right):
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UPDATE provided for the anticipated higher high forecasted in the 15 minute TF:
RESULT: ; )
RESULT: ; )
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UPDATE:
Focus on the 6h TF (Right):
Focus on the 6h TF (Right):
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NOTE: How the Peaks of the Green Lines are ALREADY at higher levels in the 15 minute and 30 minute time frames.
ALSO NOTE: How the Green Line is going sideways in the 1h and 2h time frames. WHY? If the Green Line continues sideways in the 1h and 2h, this allows time for the White Energy to fall BELOW the Green Line. What's so significant about that? This allows the Green Line to create HIGHER PEAKS in the future to establish a bull trend.
Does this make sense?
15m, 30m, 1h, 2h:
NOTE: How the Peaks of the Green Lines are ALREADY at higher levels in the 15 minute and 30 minute time frames.
ALSO NOTE: How the Green Line is going sideways in the 1h and 2h time frames. WHY? If the Green Line continues sideways in the 1h and 2h, this allows time for the White Energy to fall BELOW the Green Line. What's so significant about that? This allows the Green Line to create HIGHER PEAKS in the future to establish a bull trend.
Does this make sense?
15m, 30m, 1h, 2h:
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In other words... We FIRST used CASCADING with the White Energy and the Red RSI to find a bottom. THEN we used the Bullish Sentiment rule regarding the Green Peaks Higher than Energy Peaks to establish the LIKELIHOOD of a reversal to SUSTAINED upward pressure.
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The Red RSI in the 6h TF has continued down below 50% to the 44% range now. Which means the first round of Cascading Green Peaks higher than Energy Peaks was rejected.
We now begin watching the White Energy in the 6h While watching the Red RSI in the 12h. We are watching to see if the White Energy in the 6h can come back up and cross ABOVE the 50% level BEFORE the Red RSI in the 12h can fall BELOW the 50% level.
We now begin watching the White Energy in the 6h While watching the Red RSI in the 12h. We are watching to see if the White Energy in the 6h can come back up and cross ABOVE the 50% level BEFORE the Red RSI in the 12h can fall BELOW the 50% level.
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UPDATE:
Keep in mind this rejection by the Energy in the 30m and 1h peaking higher than the Green Line implies downward pressure continues and we are still looking for our reversal to upward pressure. If you watched my other videos posted today, you may find we may have to wait until June 5, 2020 or shortly after before we see reversal to upward pressure.
Keep in mind this rejection by the Energy in the 30m and 1h peaking higher than the Green Line implies downward pressure continues and we are still looking for our reversal to upward pressure. If you watched my other videos posted today, you may find we may have to wait until June 5, 2020 or shortly after before we see reversal to upward pressure.
BTCUSD - "Do NOT Assume The End is Nigh! Likely Stepping Stone on Our Way Up to Test All Time High the End of August."