Potential Dip to Range of $9,493 to $9,145 Then Back Up Higher!

The White Energy in the 3-Day TF is currently heading down and may have a chance of making contact with the 50% level on the 3-Day Candle Beginning February 15,2020. With that said, a dip may already be in the process. We just haven't seen it get riled up just yet. It's still POSSIBLE my PRIMARY 1.00 FIB at $9,948.98 holds and we go sideways during this period of downward pressure instead of to my Secondary 0.786 or Secondary 0.618 FIB on the Re-Trace. If that were to occur, it would mean the period of downward pressure acted more as a TIME correction rather than a price correction. In any case, I'm still seeing a continuance of upward pressure in the higher time frames (6-Day, 9-Day & 12-Day) AFTER this brief period of downward pressure we see in the lower time frames (2-Day and 3-Day).

I'M LABELING THIS A "LONG" POSITION FOR THE "LONG TERM" EVEN THOUGH WE ARE HAVING A BRIEF PERIOD OF DOWNWARD PRESSURE LIKELY TO ENSUE. BE PREPARED TO BUY THIS POTENTIAL DIP IF YOU HAVE NOT DONE SO ALREADY. THIS IS MY OPINION OF COURSE.

Happy Trading and Stay Awesome!

David

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A closer view:

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Reminder of the 12-Day TF estimations using the indicators. Dates on the Yellow (Buy) and Red (Sell) Vertical Time Lines are "tentative" (estimated) and subject to change as we watch the indicators approaching those respective dates.

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"Continuation of My FIB Study for Bitcoin Using 61.8 as High Coordinate Instead of 100.0"