BTCUSD: Only Dip & NOT a Dump When Energy Hits Level 50 in 2-Day

Hi Everyone! Simply wanted to EMPHASIZE we are still seeing TREMENDOUS upward pressure in the Weekly and 9-Day Time Frames likely to continue AT LEAST to the 9-Day Candle beginning November 11, 2020. If the White Energy manages to hit level 50, we should not see a long period of downward pressure. Any downward pressure occurring at the point should only be for a brief period of time (Likely no more than a week; possibly no more than four days). We might see a BRIEF pullback once we hit my major FIB at mid $14k level. This was a focus on Near to Mid Term Analysis; NOT short term or very short term. So, if you are considering using this TA to open a LONG position, you may want to wait and see what occurs with the White Energy in the 2-Day time frame.

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UPDATE:

Hi followers,

You may notice your Phoenix 1.119 has changed to Phoenix Ascending 2.121. I just updated that script (indicator).

What's New?
Updated from Version 2 pine script to Version 4 pine script to avoid possible issues in the future.

Removed "Multi-Exchange" from "Inputs" within "Settings" to avoid potential issues in the future if certain exchanges were to close or shutdown.

Adjusted a few "Default" line thicknesses to place more emphasis on level 20, level 50 and level 80 with thicker "default" lines. Of course, you can edit the thickness and colors of these lines in "Style" under "Settings."

It's possible you may see your current "saved" presets as your own default will be erased after I updated this script. Sorry, for the inconvenience of having to re-adjust them. It's better we do it this way than to invite everyone to a totally new script (indicator).

It's POSSIBLE you may have to refresh your browser to see the indicator work properly again.

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UPDATE:

I'm going on my 3 mile walk with my wife and son. I'll give an update within an hour of my return. The walk will take us about 45 minutes. We will head out in about 15 minutes.