ImpLaNT wrote: Wed Mar 15, 2023 12:11 pm
BTCUSD
8 harbingers of a downward reversal...
1+2+3 - all three pivots indicate
RED, and the
Short Ordinal has a pink background, which indicates that the price has reached maximum values in the short term
4 - Power element turned from Pw + 3 (yellow) to Pw - 1 (pink), which indicates the presence of a negative moment in the current price movement, that is, we are now at the upper peak of the parabola and are starting to slowly slide down, which is confirmed by the readings
KSO and
Therm Trade (5+6). In both of these elements, we see that in the first six partitions
(n-6n) the colors have changed to sell.
8 - We also see that the
Cyclicality element is also getting ready to put all the first 6 cells into a sell state.
7 - in the
price action section, a downward reversal is indicated in the short term
But note that the
Ordinals in the medium and long term have a light blue and white background, respectively, which tells us that, from a medium-term perspective, we are only in the middle of an upward movement, and from a long-term perspective, at the very beginning. This lets us know that we have a long upward road ahead us, and the upcoming reversal will just be a significant pullback along the way.
This is my reading and understanding of what Orbit tell me on BTCUSD
Look how the situation on BTCUSD has changed now compared to what I showed at the beginning of the day...
1,2 -
Green pivots (buy), and the first one says that this is the beginning of a new countdown
3 -
short term ordinal also indicates the beginning of a new movement (white background)
4,5,6 - perfect agreement in
price action,
fractal patterns,
orbit arrow sections
If the price noticeably moves up, then the partitions in KSO will also turn into
Gold.
QUESTION... is it worth it to trust the current screenface and open buy position in the light of the fact that everything was different in the morning? I mean, won't this just be a throw, let's say, to the "buy"
MRI line (25660) and the morning downtrend will return to the market? How you think?