Hi Everyone! The White Lower B-Band maintained resistance through the 12-hour covered in the previous video. I mentioned we can go up to within proximity of the white lower B-Band in the 12-hour time frame. If you were familiar with rules and requirements for those rules regarding my Phoenix Ascending and Bad Ass B-Bands indicators, you would have known the White Lower B-Band has a high probability of being RESISTANCE. You would simply look for the price of the white lower b-band in the price bar to the right of your chart and know to respect anything within proximity of that price would be RESISTANCE.

Why is this important? If you were scalping using the short term group of time frames and wondering about how high we could go if you were to open a long position, you would know by having a look at your 12-hour time frame in the Near Term Group of time frames that the white lower b-band had a high probability of continuing to act as RESISTANCE.

This is one short example of MANY examples to consider if you were scalping in the short term group of time frames. You would make sure you are with the pressure trend seen in the Near Term Group to open your scalps in the short term group WITH the pressure trend in the Near Term Group.

Happy Trading and Stay Awesome!

PS – I’ll provide another video with further discussion on BTCUSD in a few minutes.

Stay Awesome!

David