ADAUSDT - As Mentioned Previously, Still in Downward Pressure...
Hi Everyone! We are currently in a race between the White Energy in the 5-Day and the Red RSI in the 10-Day. We may ultimately end up in a race between the White Energy in the 6-Day and the Red RSI in the 12-Day before actually begin to see an attempt for reversal to sustained upward pressure. White Energy still higher than the Green Line in the 24h and 2-Day Time Frames; indicating continued downward pressure. In order to "monitor" for a potential reversal to sustained upward pressure as a "Day Trader," one would need to look for the Green to move HIGHER than the White Energy beginning first with the 90 minute, then the 3h, then the 6h and likely the 12h before we can even begin to remotely consider a confirmation of reversal to sustained upward pressure.
Stay Awesome!
David
Stay Awesome!
David
It is IMPOSSIBLE to consistently buy the bottom every time just as it is IMPOSSIBLE to sell the top every time UNLESS you are the Market Maker (The one moving the market). The reason for saying this is to encourage one to begin accumulating if they have not done so already; while considering holding cash in reserves in case of a lower low on the next pullback.