BTC: Casual Discussion Current Price Movement Potentially Down

2022年12月30日

Hi Everyone! Simply pointing out the 12-hour, 24-hour, 2-Day, 3-Day and 4-Day time frames appear to be setting up for an Expansion Down Event. The 24-hour appears to be threatening Stage 2 Expansion Down; due to the Red and Blue Lines "both" below white level 30 at present.

Happy Trading and Stay Awesome!

David

2022年12月30日

註釋

UPDATE:

Short Term Group of time frames (30m, 60m, 90m, 2h, 3h, 4h, 6h and 8h):


Near Term Group of time frames (12h, 24h, 2D, 3D, 4D, 5D, 6D and 1W):


2021/2022 Distribution:

2023年1月2日

註釋

UPDATE:

24-hour time frame:


RED TEXT BUBBLE:
Red Line not ready to go above Yellow Level 50 in this 24-hour time frame.
What significance has this? It means the Yellow B-Band Basis should be acting
as RESISTANCE during the current candle and potentially the next several 24h
candles until the Red Line is ready to rise up from Yellow Level 50. That's
when we will have increased odds of rising up from the Yellow B-Band Basis
toward the White Upper B-Band.

If we rise up to the White Upper B-Band without the Red Line ready to rise up
above Yellow Level 50, this is usually [In most cases] a sign of over extension up.
Which would mean we could expect the Green Line to come back down and
converge with the Red Line; maybe around Yellow Level 50 (Yellow B-Band Basis).
Or maybe the Green Line comes all the way back down to White Level 30 to
converge with the Red Line there. Which would mean the price action falling
all the way back down to the white lower b-band; and possibly resulting in Stage 2
Expansion Down or at least Stage 1 Expansion Down.

BOTTOM LINE: Be super careful opening a long position from here. The Red and
Blue Lines have quite a lot to move up in order to increase odds
for Stage 1 Expansion Up.