Current Price Action Looks Similar to End of April, 2019...
We may actually see a strong push upward the first part of September, 2020 in between $14,611.32 and $17,150.99 then see a pullback in mid to late September before resuming upward pressure again toward the end of 2020; where we test all time high (ATH). REMINDER: This analysis is Near, Mid and Long Term TA. This is NOT intended for use as Short Term or Scalping TA.
코멘트:
UPDATE:
I simply do NOT want to ASSUME the price action will play out similar to what we saw in April, 2019 just because the indicators are looking similar. Well, let's put it this way... "I do not want to draw a conclusion too soon because of the current situation at the moment with the White Energy and Green Line in the 12 hour time frame WHILE THE WHITE ENERGY IN THE WEEKLY IS GETTING DANGEROUSLY CLOSE TO THE 50% LEVEL.
Let's see a transition from bearish to bullish sentiment in the 12 hour time frame FIRST before attempting to draw a conclusion of a Near Term to Mid Term Bull Trend to $14,611.32.
I simply do NOT want to ASSUME the price action will play out similar to what we saw in April, 2019 just because the indicators are looking similar. Well, let's put it this way... "I do not want to draw a conclusion too soon because of the current situation at the moment with the White Energy and Green Line in the 12 hour time frame WHILE THE WHITE ENERGY IN THE WEEKLY IS GETTING DANGEROUSLY CLOSE TO THE 50% LEVEL.
Let's see a transition from bearish to bullish sentiment in the 12 hour time frame FIRST before attempting to draw a conclusion of a Near Term to Mid Term Bull Trend to $14,611.32.
코멘트:
I want to hit myself up side the head for not noticing this and emphasizing this earlier... I suppose that's what having only 2 hours of sleep will do to you...
We are watching the White Energy and Green Line in the 6h and 12h time frames in a similar way we are watching them for ADAUSDT.
Why?
The White Energy is a higher level than the Green Line in the 6h and 12h time frames. We need the Green Line to go out to the side at some point to allow time for the White Energy to fall below the Green Line to have a bullish stance rather than continue in the current bearish stance we are in.