This is simply a STUDY to see if Caution Dots <OR LACK THEREOF> can be useful when performing our technical analysis. More updates to follow to see "IF" Caution Dots <OR LACK THEREOF> are useful.
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REMINDER: THIS IS A "STUDY" TO EDUCATE OURSELVES FOR SIMILAR FUTURE EVENTS.Nota
Phoenix 1.119 Script with 44% and 56% levels added. Also collocated the Caution Dots with the Red RSI; as in the original Godmode indicator; rather than collocating the Caution Dots with the Green Line; the way it's done with Phoenix 1.118. I prefer followers use Phoenix 1.119 rather than Phoenix 1.118.
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PERSONAL NOTE: It's better to find a time frame WITH CAUTION DOTS (where at all possible) to setup alarm for when the white energy is "crossing down" below 70 percent. Probably best to set the alarm for "crossing down" below 75 percent rather than 70 percent in order to catch the signal sooner. At least this is what I've gleaned thus far from this "STUDY."Keep in mind, this "STUDY" is on-going...
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It was the 9 hour time frame (above) with caution dots which was our FOCUS. WHY? Because it was the highest time frame meeting the following criteria:#1 - Red RSI had CLOSED at or above 56 percent
#2 - We had Caution Dots and prefer Caution Dots in a time frame for the earliest possible signal.
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It's still POSSIBLE we fall deeper. Remember, the White Energy in the 12h TF still has yet to hit the 50% level. Does it have to hit the 50% level? No... The White Energy AND the Green Line can both turn back up along with the Red RSI in the 12h TF. It's also possible the price action remains along the BASIS of the Bollinger Band in the 12h during this period of downward pressure seen in the 9h and 12h time frames. Then once upward pressure returns it can turn back up from the Bollinger Basis Line.So, you have options... You can be content with Dollar Cost Averaging by scattering buy orders down to as low as the lower boundary of the Bollinger Band with a stop loss set to a certain percentage for each buy order in case of a catastrophic move -OR- you can simply wait for a more definitive confirmation that long term upward pressure is back in play. However, waiting that long could cause you to potentially miss the bottom by thousands of dollars.
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We have a NEW 6h, 9h, 12h and 18h candle beginning in 36 minutes. Posting what they look like now and posting again after the new candles begin to see what they look like then.
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Almost forgot to post the updated chart with NEW 6h, 9h, 12h and 18h candles. Here it is... Downward pressure is still prevalent...Nota
I'm posting the 3 HOUR, 6h, 12h and 24h (with focus on the 3h and 6h) FOR A REASON... I'll explain later... FOR NOW, I'm simply posting this to point out something if it pans out later... I got to get back to work...Nota
HINT: I'm watching the White Energy in the 3h with the 50% level in focus WHILE ALSO watching the Red RSI in the 6h with the 44 percent level in focus.Nota
Follow up: "Pay Close Attention to White Energy in 24h & Red RSI in 2-Day TF." 
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.