BitcoinLong
BTCUSD - Upward Pressure Continues for the Near Term Explained.
Updated
Hi Everyone! I hope all of you are enjoying your weekend... ; ) Simply wanted to provide a quick 10 minute video covering the 12h, 24h, 2-Day and 3-Day time frames to EXPLAIN how price action is likely playing out for the Near Term Time Frame Group. Currently appears price action will likely go up to at least the lower 
12K price range over the near term. If this should change within the indicators, I'll provide an update.
12K price range over the near term. If this should change within the indicators, I'll provide an update.Note
DATE:NOTE how the White Energy is currently higher than the Green Line in the 12h and 24h.
3h, 6h, 12h & 24h Time Frames:
I placed the 2-Day Time Frame to the far right to show we have the 12h, 24h & 2-Day all having the White Energy higher than the Green Line at some point near the top. The reason I'm bringing this up is I want to be careful not to have a dump sneak up on us. If we do dump, it could potentially fall to fill in the Bitcoin CME Futures gap in the Daily at $9,665.
Yes, it is a good sign of the Green going sideways in the 12h to allow time for the White Energy to fall below the Green to POTENTIALLY setup for a sustained period of upward pressure with repeated higher highs followed by higher lows. HOWEVER, it's not good in the 24h and 2-Day time frames to see the Green going out to the side at the moment while the Energy is going higher. I would prefer to see the Green going out to the side with the White Energy falling lower (below the green). Since the White Energy is going higher while the Green is going out to the side, we must be cautious of potential for bearish sentiment creeping in on us. More updates to follow after I take a nap.
6h, 12h, 24h & 2-Day:
Note
UPDATE:3-Day Time Frame:
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UPDATE:Here's a look at the 12h TF:
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UPDATE:2-Day Time Frame:
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UPDATE:Current Progress of the 3-Day Time Frame:
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