Downward Pressure Continues Till March 2nd to March 5th, 2020.

Sideways at best and more downward pressure continuing until the White Energy in the Daily comes up to make contact with the 50% level. The White Energy in the Daily TF may not make contact with the 50% level until some time between March 2nd and March 5th. We could POTENTIALLY fall as low as my PRIMARY 78.6% FIB at $7,820.37 before we see a reversal to SIGNIFICANT upward pressure.

Kommentar:

Here's a look at the Daily (24h) Time Frame (TF):

Kommentar:

Here's a look at the 2-Day Time Frame:

Kommentar:

BOTTOM LINE: Downward Pressure can continue to dominate between now and March 5, 2020. We have a better grasp on how long downward pressure will continue to dominate by keeping an eye on the White Energy in the Daily (24h) Time Frame.

Kommentar:

Here's a look at the Daily (24h) Time Frame:

Kommentar:

What you see in this 12-Day TF; along with other things; will be discussed later this evening in a new video publication...

Kommentar:

I removed that green vertical time line on the 12-Day candle of September 22, 2013 to allow you to see the shakeout we had just before going up exponentially. That is still POSSIBLE present day. We will discuss this; among other things; later this evening or in the wee hours of the morning Central (CHICAGO) Time.

Kommentar:

Have a look at ETHUSD 12-Day TF. I want you to see the POSSIBILITY for ETHUSD in order for you to see BTCUSD "also" has the POTENTIAL to continue upside.

Kommentar:

12-Day again for ETHUSD... but I removed some of the vertical time lines.

Kommentar:

I drew some lines in the 9-Day to so the POTENTIAL that's still there. BOTTOM LINE: We need to wait on the White Energy in the Daily to hit 50% and see what the price action does upon doing so.

Here's the 9-Day TF:

Kommentar:

What we have WORKING for us is the Phoenix Ari in the 12-Day and 9-Day STILL RISING... ; )