Reminding you once again upward pressure DOMINATES the 24h, 2-Day, 3-Day and 4-Day time frames. If you are thinking about shorting, you stand a high probability of getting squeezed.
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90 Minute and 3 Hour Time Frames:
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6 Hour and 12 Hour Time Frames:
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White Energy getting closer to the 50% level now in the 12h Time Frame. So, it's POSSIBLE we could drop a wee little bit during this period of downward pressure coming up.
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The following Time Frames are 12h, 24h, 2-Day and 3-Day...
REMEMBER: Upward Pressure still dominates for the mid term because the Red RSI in the 24h, 2-Day and 3-Day have all CLOSED at or above 56 percent level. Since this is the case, we do not anticipate that deep of a drop in the 12h TF when the White Energy crosses below the 50% level. The White Energy in the 12h is currently at 62.9% and falling.
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REMINDER: If we do end up seeing a brief dip, I'm anticipating a drop between $7,233 and $7,306. Again, that's "IF" we see a brief dip down once the White Energy in the 12h crosses below the 50% level. It's also POSSIBLE the White Energy in the 12h does not even cross below the 50% level. The White Energy could turn right back up towards the 80% level without crossing below the 50% level. I've seen it do that before. I'm not saying that will be the case here. I simply want to emphasize UPWARD PRESSURE STILL DOMINATES the MID TERM Time Frames (2-Day, 3-Day and 4-Day Time Frames).
Seeing you use the longer time frames has really calmed down my natural reactive freak out market buys in and out. I've been looking to close like in the 15min and under thinking I could get a quick profit to only see it go completely opposite of my wanted direction. Understanding now as to why the short TF's are controlled by the TF's. So much more relaxing to trade.
What time zone are you in, I'm Canadian MST. it makes it a little easier to follow the video and chart comparisons.
Thanks again.
I'm in Central (Chicago) Time in the U.S. even though I live in Alabama.
Yes, staying focused on higher time frames helps us become better prepared for proper setups. The volatility is not there enough for scalping in the 15 minute TF in BTCUSD. You might can find the volatility you're looking for in another pair; such as ADAUSD. Although, it's just not worth the risk right now in my opinion. I believe I see what the market makers are up to; which means it's super dangerous right now to implement margin short positions. Especially, with high leverage. My opinion of course...
Stay Awesome!
David
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@WyckoffMode, Wow, that's awesome info thanks. I'm find BTCUSD volatile enough for me so far. Compared to my normal TD stocks that are long term dividends. Tethers, I got some research to do. Ok, so your 1hr ahead of me, sweet. Stay awesome.
Thanks for taking the time to watch, comment and like my content! It's certainly appreciated.
Stay Awesome!
David
Quantified
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Really detailed analysis thanks for sharing! I like how aggressively you use correlation in your strategy. Curious what your win rate % is with such strong correlations across timeframes?
I've never kept up with my win rate percentage wise. I will say my win rate has increased even more over the past year. The more often I use my indicators; I get more "in the groove" so to speak.
The BASIC use of my indicators is becoming more simplified every month I use them. My main objective was to come up with a strategy that allows one to keep it simple and stick to basics without letting it get too complicated. Lately, I've been jotting down notes with categories describing what is BASIC and what is not basic with my indicators. I've also been jotting down a flowchart of sorts for basic and advanced use of the indicators under specific circumstances. I'm also trying to implement trading strategy within the flowchart for different circumstances confronted.
Using my indicators really isn't hard to learn. It's simply a LOT to learn; mainly because of different circumstances developing before us within the indicators in multiple time frames.
What time zone are you in, I'm Canadian MST. it makes it a little easier to follow the video and chart comparisons.
Thanks again.