BTC: Increased Odds for an Expansion Down Event Approaching
Hi Everyone! Simply wanted to provide an update in regard to increased odds for more expansion down with our price actions and B-Bands. We can see we have increased odds for Stage 1 Expansion Down in the 6-hour, 8-hour, 12-hour and 24-hour time frames. We have increased odds for Stage 2 Expansion Down in the 2-Day and 4-Day time frames. The Blue Line in the 3-Day time frame is what has been delaying Stage 2 Expansion Down in the Near Term Group of time frames. Will we begin to see visible sign of Stage 2 Expansion Down the remainder of the current 3-Day candle? It's possible. Especially, since our 6-hour, 8-hour, 12-hour, 24-hour and 2-Day time frames show increased odds for another episode of expansion down approaching.
So, in my opinion, we have increased odds for another Sign of Weakness in Phase E of Distribution. Why am I saying "another" Sign of Weakness in Phase E? Because we have been going sideways for quite a while since our "close" below $17,600. This "ranging sideways" in the price action may be acting as our Preliminary Support Range for our future Accumulation Schematic. What event should occur after a Preliminary Support Range in Accumulation? That would be a "Selling Climax" event in Phase A of Accumulation. It's also important to realize a "Sign of Weakness" event in Distribution can also be acting as a "Selling Climax" event in Accumulation. It's important to realize Phase A of Accumulation and Phase E of Distribution ALWAYS OVERLAP ONE ANOTHER.
I hope this publication was helpful to you...
If you would, take a couple of seconds of your time to click the "like" (boost) icon to show your support. It would be greatly appreciated.
Happy Trading and Stay Awesome, Everyone!
David
So, in my opinion, we have increased odds for another Sign of Weakness in Phase E of Distribution. Why am I saying "another" Sign of Weakness in Phase E? Because we have been going sideways for quite a while since our "close" below $17,600. This "ranging sideways" in the price action may be acting as our Preliminary Support Range for our future Accumulation Schematic. What event should occur after a Preliminary Support Range in Accumulation? That would be a "Selling Climax" event in Phase A of Accumulation. It's also important to realize a "Sign of Weakness" event in Distribution can also be acting as a "Selling Climax" event in Accumulation. It's important to realize Phase A of Accumulation and Phase E of Distribution ALWAYS OVERLAP ONE ANOTHER.
I hope this publication was helpful to you...
If you would, take a couple of seconds of your time to click the "like" (boost) icon to show your support. It would be greatly appreciated.
Happy Trading and Stay Awesome, Everyone!
David
Comment:
UPDATE:
6-hour (bottom right of center) and 8-hour (bottom right corner) are showing increased odds for Stage 1 expansion Down.
12-hour (bottom left corner) and 24-hour (bottom left of center) are showing increased odds for Stage 2 Expansion Down approaching.
6-hour (bottom right of center) and 8-hour (bottom right corner) are showing increased odds for Stage 1 expansion Down.
12-hour (bottom left corner) and 24-hour (bottom left of center) are showing increased odds for Stage 2 Expansion Down approaching.
Comment:
UPDATE:
2018 Distribution; 2019 to 2021 Accumulation and 2021/2022 Distribution Periods:
2018 Distribution; 2019 to 2021 Accumulation and 2021/2022 Distribution Periods:
2021/2022 Distribution: