BTCUSD: Potential of Proximity to $40K for Simple Rally Event

Hi Everyone! The next 12.5 hours is critical to help determine if we go within proximity of $40K in the Short to Near Term; before a potential pullback. I believe the Composite Groups who wish to release more "Supply" have determined they have "depressed" the "will" of those who wish to buy at this time by a look at the order books. They need the buy order book to be more "juicy" with larger buy orders again before potentially dropping this again. I'm making the assessment of potentially falling back down again due to what we see in the 4-Day time frame. This was mentioned in the video.

As for the Short Term: We are about to get a new 3-hour candle. At which point the Red RSI should be high enough to show "support" for the price action to be at the White Upper B-Band. So, there is still a decent chance for this to continue going up to within proximity of $40K.

Hope this analysis was helpful.

Happy Trading and Stay Awesome!

David

Yorum:

UPDATE:

EVALUATE Before Execution of Trade After a Publication Explained

09:53

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UPDATE:

Simply pointing out we have a LOT of work to do with the Red RSI and Blue LSMA in the Weekly... A LOT... if we are to turn this around...

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UPDATE:

I'm about to get a bite to eat. After which, I'll provide an update on current price movement. Then I must get back to work on educational content.