Possible Dip Beginning Feb. 14 or 15; Continue Higher Afterward.
As pointed out in the video, we see a CHANCE of a dip beginning on the 2-Day Candle that begins February 14, 2020. Will that mark the end of our Bull Trend? NO.... We see too much room in higher time frames for the Red RSI to continue falling before finally hitting the 50% level. Which means upward pressure should continue at least until the White Energy in the 6-Day and 9-Day time frames crosses below the 50% level BECAUSE the Red RSI is "ABOVE" 60% in the 6-Day and 9-Day time frames.
This is labeled a LONG position for what I'm seeing in HIGH TIME FRAMES. We are seeing a potential for a dip coming up in the 2-Day TF. So, you may want to wait a bit longer before getting in if you have not got in yet. This is my "opinion" of course.
I'm keeping this short to move on to an update for another pair. Happy Trading Everyone and Stay Awesome!
David
This is labeled a LONG position for what I'm seeing in HIGH TIME FRAMES. We are seeing a potential for a dip coming up in the 2-Day TF. So, you may want to wait a bit longer before getting in if you have not got in yet. This is my "opinion" of course.
I'm keeping this short to move on to an update for another pair. Happy Trading Everyone and Stay Awesome!
David
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XRPUSD - XRPUSD Update for possible fall-back price depending on how high we run up to before a possible dip begins. We are still experiencing upward pressure. So, once we establish a high before potential dip, here's possible pullback price targets:
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The 4h Time Frame would have WARNED you to be SUPER CAREFUL and not get greedy waiting for the White Energy to make it all the way down to 50% level WHEN the Red RSI was 60% or higher in this 4h TF. It's smart NOT to get greedy with margin trading. Always try to lock in profits as soon as possible while avoid leaving yourself open to getting burned by trying to stay in a position for a super extended period of time.
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The LESSON to be LEARNED here when trading with the 4h on BITMEX:
Do NOT get greedy waiting for the White Energy to hit the 50% level before getting out of a short position. You will have large interest beat you to the move and potentially liquidate your position.
Margin Trading on Bitmex in low time frames (such as the 4h) should NEVER be looked at as staying in that position for a super long extended period of time. Don't be the rabbit trying to get rich super fast. Be the turtle and take it slow in short period steps by taking profits ahead of time instead of waiting for optimum signal like you would when trading on normal exchanges without leverage.
Do NOT get greedy waiting for the White Energy to hit the 50% level before getting out of a short position. You will have large interest beat you to the move and potentially liquidate your position.
Margin Trading on Bitmex in low time frames (such as the 4h) should NEVER be looked at as staying in that position for a super long extended period of time. Don't be the rabbit trying to get rich super fast. Be the turtle and take it slow in short period steps by taking profits ahead of time instead of waiting for optimum signal like you would when trading on normal exchanges without leverage.
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A closer look at the 4 hour time frame:
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One more look at the 4h TF on BITMEX:
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There are several things to mention I'm NOT going to mention in public in regard to margin trading... That will be kept for the website when it goes LIVE likely in April. Please don't ask me in a PM either. This is information to be provided ONLY for my website in the future to manage risk WHILE making profits when margin trading.
