Providing a Static Chart to go Along With My Video Publication.
Atualizado
This publication is to provide a "visual" of possibilities mentioned in the previous video publication. I'm leaving this publication "Neutral" to avoid confusion. Pay more attention to recommendations mentioned in the video publication.
Here's a screenshot of the cover chart for easier viewing and reading the text bubbles:
Here is the video publication:
"IMPORTANT CONSIDERATIONS in 12h & 6h TF's for Wed. May 6, 2020."
Here's a screenshot of the cover chart for easier viewing and reading the text bubbles:
Here is the video publication:
"IMPORTANT CONSIDERATIONS in 12h & 6h TF's for Wed. May 6, 2020."
Nota
Here's a look at the CME Futures Gap at $7,625:Nota
As you can see... The 3h and 6h (to the left) are both showing potential reversal to downward pressure beginning.Nota
As several have pointed out already; CME Gaps are normally filled with gaps on the Daily TF instead of lower TF's like the 4h I have posted. My rule is to consider the 2-Day White Energy at all times and to never be scared of taking a MANAGED risk when the opportunity presents itself. Trying to avoid a loss can be detrimental to ones growth as a trader. We have to be willing to take MANAGED risks at times when indicators are suggesting a time for that risk taking has arrived. By the way, we MANAGE our risk with a stop loss, the AMOUNT we risk on a trade and the amount of LEVERAGE implemented. Try to make and establish rules on the amount of money and leverage is risked based on the situation revealed by the indicators.Nota
I'm going to take about a 4 to 6 hour nap. Happy Trading and Stay Awesome!Nota
Nota
Simply looking for patterns in the CME Bitcoin Futures. If we do end up falling below the lower boundary of that wedge drawn in the chart above and you are in a margin short, you may consider taking an early profit around or just above the small gaps I'm seeing in the 2-Day Time Frame.Nota
Let me ask my followers a question: When analyzing gaps; do you determine the gap price by the CLOSE of the candle or the wick of the candle? My current "study" is based on the CLOSE of the candle.Nota
This "STUDY" may be for nought. Simply thinking out loud...Nota
NEVER MIND!!! that so-called gap at $5,340 was filled on the "wick" of the very next 2-Day Candle. So, this "STUDY" may still be worth while. ; )Nota
Actually, I would also have to say the same thing for the other 2-Day candles in question at $7,625 and $7,780. Hmmmmmm. I don't think this "STUDY" will be worth while but I will still keep an eye on it.Nota
Wow... it's as though the upward pressure in the higher time frames (6-Day, Weekly, 9-Day, 12-Day and 16-Day) does not want to allow this thing to go down. At least it doesn't act like it. Keep in mind, I was only expecting a BRIEF dip or quick dump then right back up once again if we were to see a dramatic drop.The 12h (far left on the chart below) looks like it COULD be nearing exhaustion and POTENTIALLY give us a drop. How much? Who knows...
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