Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
dmwardjr
on 18/03/2022, 01:53:58 UTC

[img width=550]https://i.imgur.com/zTfPBPo.png[/img

That chart says we are gonna do $250K+ by December! Shocked Shocked

LOL...

Actually, what you see in this 30 minute time frame would apply to ANY time frame; while also considering upward and/or downward pressure occurring in other time frames.  Why?  We may have upward or downward pressure races occurring in other groups of time frames; showing upward or downward pressure is currently in control.

If opening a short scalp position using time frames in the Short Term Group of time frames (30-minute, 60-minute, 90-minute, 2-hour, 3-hour, 4-hour, 6-hour and 8-hour; we need to make sure downward pressure is currently in control in the 12-hour and 24-hour time frames; which are in the Near Term Group of time frames (12-hour, 24-hour, 2-Day, 3-Day, 4-Day, 5-Day, 6-Day and Weekly).

It's important {If you wish to be CONSISTENT} to open your short scalp position WITH the downward pressure we see in the 12-hour and 24-hour.  Of course it would be the opposite if opening a long scalp position.

Here are a "few" things I'll mention here regarding the indicators and their "color coordination:"

https://i.imgur.com/iWqPOjz.png