BTC: May Still Have Some Energy Behind This Move Up
Hi Everyone! I should not have used the Yellow B-Band Basis in the 2-Day with it's B-Bands contracted the way they were; in regard to a "ceiling of resistance" at $20,000. The B-Bands in the 2-Week would have been the correct choice; in regard to ceiling of resistance at $22,490. Yes, we can still continue higher up to a range between $21,840 and $22,490 during this period of upward pressure. The Red Line in the 3-Day crossed above level 50; triggering upward pressure; which lasts until the white energy comes back down to level 50. Well, the White Energy in the 3-Day still has a lot of room to fall down to level 50. So, yes, it's possible to continue higher up to $21,840 to $22,490 price range.
Happy Trading and Stay Awesome!
David
Happy Trading and Stay Awesome!
David
I'll create an update video or LIVE stream today or this evening; potentially after the new Daily candle begins.