Excuse me for mistakenly unplugging my device which caused the recording to stop on its own. I will quickly follow up on it to finish what I have started. ADA has retraced 0.618 from its all time high and is in serious threat of falling into a yea-long bear market that has seen altcoins correct 90-95% in the past. There remains the possibility of seeing ADA...
We need to watch the 4D and 8D timeframes and check if the white energy in the 4D crosses above 50 level before the red RSI in the 8D crosses below 50. If it does we have hope of seeing a continuation of bullish sentiment in the local area and seeing BTC stay above 50k, possibly forming higher high at 42k for another new leg higher. A beginning sign of bullish...
Indicators are showing us that we are already overbought and are very close to the point of exhaustion of the mid-term bullish sentiment. What would likely ensue is a mid-term correction for the entire run from 9800 up to 24200 that has lasted for about 3 months now. When the mid-term timeframes are telling us a potential end to the mid-term bullish sentiment, we...
Following the high timeframe analysis on GBPUSD in the last video, this time we looked at the mid-timeframe to see what would likely happen in the short to mid-term. I personally believe the price will eventually break through the range of resistance at around 1.3500 that has confined the price for the last 24 months. Indicator showing us formations consistent...
British Pound/USD is giving us signs that we might begin to see a reversal to the bear trend that has lasted for 13-14 years. 1Y TF white energy is just starting to move up and about to cross the 50 mid-line. Unlike in 2014, where the white energy failed to move above 50 and dropped back down along with green line as the price stair-stepped down, this time the red...
Mid to long term bullish sentiment tells us we could likely have more upward pressure and price pump in the coming weeks.
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We see that in the 1 week timeframe the Ethereum/Bitcoin pair has come down to the weekly 100 SMA last candle and now we have a strong bounce off of that line. Phoenix Ascending is showing initial sign of a momentum swing back upwards in the 5-7D scale. The white energy in the 3D TF is currently very high with the green line trailing behind and below. This is...
In the video I demonstrated how to probe a potential reversal to upward pressure by virtues of the white energy-red RSI race concept introduced by the inventor of the indicator. I was very sluggish. The network problem took the rhythm out of me. But what we are seeing here is we need to have a strong upthrust in the 1W timeframe in ETHBTC pair for the white energy...
Gold has a very high inverse correlation with DXY which according to the indicator Phoenix Ascending could be on a long term downtrend. Gold itself also demonstrates good potential for long term upside move. In the 2, 3, and 4 month timeframes, Gold has touched the bollinger band of 3.618 SD and thereupon it retraced. We have seen in the past that a bull run of...
In the 1W timeframe the green line is going to the side in this new current candle and gives us the appearance of a potential bounce off the red line that we have seen in the 9D TF earlier. In the high TFs we are clearly still in bullish sentiment and will likely to continue to move up as the mid TFs (1W-9D) appear to be bullish with a lot of room to go. In the...
Bitcoin is showing signs of having a turbo charge at the 4-6D TFs, meaning that the price would likely continue to go up one candle after another (in general) despite the fact that the 2D turbo charge appears to be coming to an end soon. Be very mindful of the fact that a quick small red candle could indeed happen at the 2D TF without affecting the agenda of the...
It's possible for BTC to have a bit of a dump and when it happens, ETH could incur a substantial loss due to a weakness in the ETHBTC pair which dictates the upside potential for ETH. It's possible to see ETHUSD dump quite significantly if BTC is to have a flash wick dump if ETHBTC continues to be in weakness. Based on a white energy and red RSI race, one might...
I am trying to get a hang of this system. I see that this video a little too long and sluggish. I am trying to do another one and then delete this, and make the second one a more proper publication with detailed discussion in the text down here as well. Just in case, I'll leave this public and I'll delete and/or edit where I can. You see, practice makes perfect...
Phoenix 1.119 (first indicator) is showing us a classic "turbo charge" form characterized by 1) the white energy (white grey shaded area) sliding down slowly one candle after another, while the price goes up one candle after another in general 2) the green line goes up and stays up with no signs of dropping down A turbo charge almost always ends with a red dump...