IMPORTANT CONSIDERATIONS in 12h & 6h TF's for Wed. May 6, 2020.

Hi everyone! Please take a moment to click the "Like" icon if you have found this content to be helpful. Very much appreciated! Don't forget to watch the Red RSI and White Energy in the 6h time frame for a POTENTIAL drop on Wednesday, May 6, 2020. I'm anticipating the White Energy in the 2-Day TF to also hit the 50% level POTENTIALLY on Wednesday, May 6, 2020. We honestly do not know HOW the price action will react during this POTENTIAL upcoming period of downward pressure. Meaning, we do NOT know if the price action will only drop just a little bit and continue sideways in a relatively tight trading range before resuming the upward pressure we are seeing in even higher time frames -OR- if the price action may fall down more to potentially fill the CME Futures gap at $7,625.

Thank you for investing your valuable time viewing and supporting my content!

Happy Trading and Stay Awesome!

David

Komentarz:

Keep in mind, I did not have enough time to mention other things, in regard to what to do AFTER implementing a short on low leverage if the price action were to go down dramatically or NOT go down dramatically. I will leave that up to you for now. There will be more details on my future website.

If you have a lot of balls and wish to also implement a margin long with a stop loss while the 6h TF still currently shows upward pressure, you can do that. Who knows, you just might pull off some profits if Market Makers actually used this time to lull in margin shorts only to squeeze them and the White Energy in the 2-Day TF ends up NOT going down further to the 50 percent level but turns back up instead. Again, all of this is totally up to you. It's your money... ; )

Komentarz:

BTCUSD - "Providing a Static Chart to go Along With My Video Publication." You can see a screenshot of the cover chart in comments for easier reading of text bubbles.

Komentarz:

Here's a look at the CME Futures Gap at $7,625:

Komentarz:

This could very well be another "LULL JOB" as well before legging up once again (Putting on the squeeze of those who will go short). Simply have to respect the potential for the White Energy in the 2-Day TF going below 50% level. It's NOT guaranteed the White Energy (WE) fall below 50%. Even if it did, it's NOT guaranteed to fall deep below the 50% level. The point is, we simply do NOT know what the White Energy (WE) is going to do, which means we do NOT know what the price action is going to do. All we can do is have a plan in place for whatever scenario plays out here.

Komentarz:

A closer look at that CME Gap at $7,625:

Komentarz: