Still on Track to $7,820 Minimum for Weekly Bollinger Band Basis
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I decided to make this "Type" publication an "Educational" publication due to the helpful information provided within. We will continue to experience upward pressure at least until the White Energy in the 2-Day Time Frame comes down to the 50 percent level. However, if the Red RSI in the 3-Day Time Frame manages to CLOSE at or above 56 percent, this will CONFIRM upward pressure to CONTINUE at least until the White Energy in the 3-Day comes down to the 50 percent level.
I have no clue yet how high we may go on this current trip up with our upward pressure. What's important is simply to pay attention to the White Energy in a time frame where the Red RSI has ALREADY CLOSED at or above 56 percent WHILE ALSO watching the Red RSI in the next higher time frame to see if it can CLOSE at or above 56 percent. If you are a Day Trader or Swing Trader, you are looking to try to capitalize on swings identified by the White Energy in a lower time frame (2-Day currently) crossing below the 50 percent level WHEN the Red RSI in the next higher time frame (3-Day Currently) does NOT "close" above 50 percent. Remember, we would PREFER the Red RSI to CLOSE at or above 56 percent to be more CONVINCED upward pressure will continue.
I have no clue yet how high we may go on this current trip up with our upward pressure. What's important is simply to pay attention to the White Energy in a time frame where the Red RSI has ALREADY CLOSED at or above 56 percent WHILE ALSO watching the Red RSI in the next higher time frame to see if it can CLOSE at or above 56 percent. If you are a Day Trader or Swing Trader, you are looking to try to capitalize on swings identified by the White Energy in a lower time frame (2-Day currently) crossing below the 50 percent level WHEN the Red RSI in the next higher time frame (3-Day Currently) does NOT "close" above 50 percent. Remember, we would PREFER the Red RSI to CLOSE at or above 56 percent to be more CONVINCED upward pressure will continue.
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A study to see if $8,245.41 to $8,822.44 is the price range we run up to before a decent consolidation event begins.Yorum
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2-Day TF (Left); 3-Day TF (Center) and 4-Day TF (Right):Yorum
A look at the Bollinger Bands in the 2-Day Time Frame:Yorum
"Can Fed Reinflate The EVERYTHING BUBBLE? (Answered)"youtube.com/watch?v=AJD-_kpgEvE
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Excellent Interview and Content from February, 2020. Worth your time if you haven't seen it to obtain some "Fundamental Analysis." blocktv.com/watch/2020-02-17/5e4ac9cd8c7ba-antonopoulos-economic-crisis-will-be-terrible-for-crypto
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