CORRECTION: My 0.618 FIB @ $6,149.32 "Might" Be Our Next Stop.
Some time between noon and midnight today (Exchange Time and Date) we are expecting a reversal to upward pressure. HOWEVER, we need to see how the price action reacts to that upward pressure to TRY to get an idea if we are going down to a higher low or a lower low.
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In case you are wondering what EXCHANGE TIME means... Explained in this 3 minute video:
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i will set all my charts to UTC+1 (Paris)
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After further consideration, I changed my TIME on my charts from UTC+1 (Paris) to UTC (London). In my "CORRECTION..." video, I stated 6:00pm and midnight exchange time. I've determined "exchange" time for Bitstamp was UTC (London) time. Now the time on my ALL my charts is lined up with the time I mentioned in the video. Which is UTC (London). It doesn't matter if I'm covering XAUUSD, EURUSD (OANDA), XMRUSD (POLONIEX), ETHUSD (COINBASE PRO), etc... "ALL" MY CHARTS (no matter the exchange) will be changed to UTC (London).
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I'm not one who is keen on "patterns" in regards to "shapes." However, this might be worth a look if this actually qualifies as an "Inverse Head & Shoulders" in the making.
3-Day Time Frame:
3-Day Time Frame:
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This is blowing my mind... 35,700 LONG Contracts and 8,000 SHORT Contracts on BitFinex. Makes you wonder if a lot of those LONG Contracts are fake.
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I plan on doing a Video Publication later this evening for BTCUSD and a LIVE Stream at 7:00pm Central Time (Chicago Time) Friday, November 6, 2019.
