Let's Have a Look at the 9-Day and 18-Day Time Frames - "LIMBO"
As pointed out in the video; we are currently in limbo potentially until April 18, 2020 before we know anything more definitive. Here's the 9-Day Time Frame once again with text bubbles:
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Here's a reminder of the 18-Day shown in the video:
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Keifer makes some good points for those of you using Elliot Wave (EW) Method of analysis.
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Keep in mind: This still has a chance of turning bullish; as shown in the 18-Day chart. We will know more by the end of the NEXT Weekly Candle.
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In case you haven't followed comments (below):
keifer
6 minutes ago
@WyckoffMode, Totally! Yet the COT report does tell me that we may see a double bottom before we see the rockets. Here is a quick link to the reports, if interested. i.imgur.com/ZMOWAHD.png
WyckoffMode
1 minute ago
@keifer,
Cool... Thanks for sharing the image link.
Yes, downward pressure continues; as pointed out in my first of three videos posted today. Downward pressure continues at least till the last 12h candle Sunday or first 12 hour candle Monday. Could downward pressure continue even longer? Sure, we will know more by Monday if the downward pressure continues through most of next week.
Thanks again adding to the discussion with your valuable content!
Stay Awesome!
David
keifer
6 minutes ago
@WyckoffMode, Totally! Yet the COT report does tell me that we may see a double bottom before we see the rockets. Here is a quick link to the reports, if interested. i.imgur.com/ZMOWAHD.png
WyckoffMode
1 minute ago
@keifer,
Cool... Thanks for sharing the image link.
Yes, downward pressure continues; as pointed out in my first of three videos posted today. Downward pressure continues at least till the last 12h candle Sunday or first 12 hour candle Monday. Could downward pressure continue even longer? Sure, we will know more by Monday if the downward pressure continues through most of next week.
Thanks again adding to the discussion with your valuable content!
Stay Awesome!
David
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If all you are interested in is INVESTMENT, simply watch the following time frames with the rules I have specified in the lower time frames. Here are the following time frames for INVESTMENT: 3-Week, 1-Month, 6-Week and 2-Month time frames for CRYPTO CURRENCY. If you want to use these indicators for INVESTMENT in other assets; such as stocks, commodities or forex currencies with DECADES of history, you may need to use time frames as high as the 12-Month TF for INVESTMENT trading with only one or two trades every few years.
FAIR WARNING: It's POSSIBLE the Green Line and White Energy can turn up from current location in the 3-Week TF and EVENTUALLY cross above 50 percent level in the next 3-Week Candle. If you have a look at the Monthly TF (below), you will NOTE it's POSSIBLE the Green Line can turn up present day in similar fashion as what it did in 4th quarter of 2015.
SO, IF YOU ARE WONDERING "WHY" I'M ALSO LOOKING AT LOWER TIME FRAMES IN THE 2-DAY, 3-DAY, 4-DAY, 5-DAY, 6-DAY, WEEKLY, 9-DAY AND 18-DAY, IT'S TO TRY TO DETERMINE IF THE GREEN LINE CAN POTENTIALLY TURN BACK UP IN THE 3-WEEK AND 1-MONTH TIME FRAMES.
Some people are willing to take a MANAGED risk to TRY to get in at or near the bottom of a major reversal. How do we MANAGE our RISK? With a Stop Loss. If we wish to TRY to get in at or near the bottom of a major reversal with a MANAGED risk using a Stop loss, we MUST look at lower time frames previously mentioned.
FAIR WARNING: It's POSSIBLE the Green Line and White Energy can turn up from current location in the 3-Week TF and EVENTUALLY cross above 50 percent level in the next 3-Week Candle. If you have a look at the Monthly TF (below), you will NOTE it's POSSIBLE the Green Line can turn up present day in similar fashion as what it did in 4th quarter of 2015.
SO, IF YOU ARE WONDERING "WHY" I'M ALSO LOOKING AT LOWER TIME FRAMES IN THE 2-DAY, 3-DAY, 4-DAY, 5-DAY, 6-DAY, WEEKLY, 9-DAY AND 18-DAY, IT'S TO TRY TO DETERMINE IF THE GREEN LINE CAN POTENTIALLY TURN BACK UP IN THE 3-WEEK AND 1-MONTH TIME FRAMES.
Some people are willing to take a MANAGED risk to TRY to get in at or near the bottom of a major reversal. How do we MANAGE our RISK? With a Stop Loss. If we wish to TRY to get in at or near the bottom of a major reversal with a MANAGED risk using a Stop loss, we MUST look at lower time frames previously mentioned.
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If you wish to wait until the Red RSI in the 3-Week crosses above the 50 to 56 percent level before going long and/or accumulating when the White Energy crosses above the 50% level along with the Red RSI, you are perfectly welcome to do so. However, you may be disappointed if you have missed your buy-in by thousands of dollars at or near the bottom.
Some are perfectly fine with NOT getting in at or near the bottom and are willing to accept accumulating at a price range thousands of dollars higher than the bottom. I get that... Nothing wrong with that. Yet, there are also many who wish to attempt getting in at or near the bottom of a reversal going back up to a period of sustained upward pressure. This is why I have been posting updates with focus on the White Energy in the 6h, 12h, 24h, 2-Day, 3-Day and 4-Day as of late. I want to see if the Green Line in the 3-Week and 1-Month time frames can turn up or continue running down.
Those who may say we are continuing going down presently to $5k or lower as if it is a matter of FACT are speaking prematurely. We do NOT know this just yet. It's too early to say that as if it is a matter of fact. This is why I'm watching and updating with lower time frames again to try to determine if this presumption may eventually become fact.
Some are perfectly fine with NOT getting in at or near the bottom and are willing to accept accumulating at a price range thousands of dollars higher than the bottom. I get that... Nothing wrong with that. Yet, there are also many who wish to attempt getting in at or near the bottom of a reversal going back up to a period of sustained upward pressure. This is why I have been posting updates with focus on the White Energy in the 6h, 12h, 24h, 2-Day, 3-Day and 4-Day as of late. I want to see if the Green Line in the 3-Week and 1-Month time frames can turn up or continue running down.
Those who may say we are continuing going down presently to $5k or lower as if it is a matter of FACT are speaking prematurely. We do NOT know this just yet. It's too early to say that as if it is a matter of fact. This is why I'm watching and updating with lower time frames again to try to determine if this presumption may eventually become fact.
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Here is the 7-Week Time Frame: It's important to remember... High Time Frames help us speculate on where we are going and when we may approximately get there. We have a look at lower time frames to try to find a better entry and/or exit. This is WHY I'm constantly looking at the 6h, 12h, 24h, 2-Day, 3-Day, 4-Day, 5-Day, 6-Day, Weekly and 9-Day Time Frames. I'm trying to determine if the Green Line in the 3-Week, 1-Month, 6-Week and 7-Week can potentially turn up to mark the beginning of SUSTAINED upward pressure.
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Also wanted to point out something with the Phoenix Ari in the 7-Week Time Frame:
Idées en relation
