Hi Everyone! Simply wanted to point out the entire Short Term Group along with the 12h and 24h indicate potential significant upward pressure approaching.
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UPDATE:I'm in the process of working on a series of video tutorials for scalping. This is the first page of my outline for the introduction to scalping video tutorial. There will be 4 to 6 video tutorials on scalping. Here is an example of page #1 for the "Introduction to Scalping."
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UPDATE:Made a couple of corrections in the Green Text Bubble to the far right regarding "$" total of loss on 3 losing trades.
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UPDATE:Market conditions have changed... 6h and 8h Red and Blue on verge of falling below Yellow Level 50. 6h and 8h in bottom right of this chart. So, could be going down a little further at present. We need a new Daily to determine if it can continue falling much further down than $36,000.
6h and 8h in bottom right:
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UPDATE:Red Line in 24-hour (Bottom Left of Center) may potentially fall down from Magenta Level 60; implying price action has potential to fall down from Magenta Upper B-Band next 24-hour candle.
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UPDATE:Bottom Line: The short term group of time frames needs to turn things around NOW to avoid going down potentially to the Yellow B-Band Basis or lower in the 24-hour time frame.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.