BTCUSD: Potential Still There for Expansion Down in Several TF's
Hi Everyone! Wanted to point out in this video we still have POTENTIAL for expansion of the B-Bands and Price Action Extending DOWN with expansion of the B-Bands in the 3-Day time frame; PROVIDING we begin to see further expansion down in the 6-hour, 8-hour and 24-hour time frames. The Green Line is currently going UP in the 12-hour time frame but that COULD change over the next 25 hours. We currently have one hour remaining before a NEW 3-hour, 4-hour, 6-hour, 8-hour, 12-hour and 24-hour candle. It will be interesting to see what the indicators look like once those NEW candles "begin" (plot) and the indicators update to that "plot."
Yes, we are EXPANSION HUNTERS. The B-Bands in the 1-hour, 90-minute and 2-hour are rather TIGHT (contracted) at the moment. Which means we are subject to see expansion of the B-Bands soon. Which would indicate INCREASED VOLUME soon. The question is, will that expansion of the B-Bands due to increased volume RESULT in the price action going UP with expansion (increased volume) or DOWN with expansion (increased volume)??? Also be MINDFUL of a POTENTIAL "trap" exposed in the short term group of time frames before we see the REAL INTENT of the future direction of the price action WITH EXPANSION in higher time frames. Simply make sure you are on the correct side of the trade by being on the correct side of expansion WHEN it occurs. WHILE ALSO being MINDFUL of a potential "trap" (bull or bear trap) in the lower time frames of the Short Term Group.
Happy Trading and Stay Awesome!
David
Yes, we are EXPANSION HUNTERS. The B-Bands in the 1-hour, 90-minute and 2-hour are rather TIGHT (contracted) at the moment. Which means we are subject to see expansion of the B-Bands soon. Which would indicate INCREASED VOLUME soon. The question is, will that expansion of the B-Bands due to increased volume RESULT in the price action going UP with expansion (increased volume) or DOWN with expansion (increased volume)??? Also be MINDFUL of a POTENTIAL "trap" exposed in the short term group of time frames before we see the REAL INTENT of the future direction of the price action WITH EXPANSION in higher time frames. Simply make sure you are on the correct side of the trade by being on the correct side of expansion WHEN it occurs. WHILE ALSO being MINDFUL of a potential "trap" (bull or bear trap) in the lower time frames of the Short Term Group.
Happy Trading and Stay Awesome!
David
Comment:
UPDATE:
If the CURRENT 2-Month candle CLOSES with the Red RSI making contact with the Green Line WHILE the Green Line is going up, this could mean the Red RSI would have quite a while yet before falling down to Level 80. In fact, the POTENTIAL for expansion of the B-Bands and Price action going UP with expansion would be increased dramatically if the current 2-month candle were to CLOSE the way it looks at present.
As Andrew Cardwell says, "We don't know what we don't know until we know it." So, we will KNOW more WHEN this current 2-Month candle CLOSES and we begin a NEW 2-Month Candle on January 1, 2022.
If the CURRENT 2-Month candle CLOSES with the Red RSI making contact with the Green Line WHILE the Green Line is going up, this could mean the Red RSI would have quite a while yet before falling down to Level 80. In fact, the POTENTIAL for expansion of the B-Bands and Price action going UP with expansion would be increased dramatically if the current 2-month candle were to CLOSE the way it looks at present.
As Andrew Cardwell says, "We don't know what we don't know until we know it." So, we will KNOW more WHEN this current 2-Month candle CLOSES and we begin a NEW 2-Month Candle on January 1, 2022.
Comment:
UPDATE:
REMINDER of the 4-Day from a previous publication:
REMINDER of the 4-Day from a previous publication:
Comment:
UPDATE:
Previous 4-Day chart was BLX... This 4-Day chart is BTCUSD Bitstamp:
Previous 4-Day chart was BLX... This 4-Day chart is BTCUSD Bitstamp:
Comment:
UPDATE:
When the Red RSI in the 3-Day time frame CLOSED below Level 50, this triggered DOWNWARD pressure.
That lasts for how long?
Till the White Energy comes back up to Level 50 to create "cause" for UPWARD pressure.
Now, let's DOUBLE the 3-Day to have a look at the 6-Day.
Can the White Energy in the 3-Day come up to Level 50 to create "cause" for upward pressure BEFORE the Red RSI in the 6-Day can come down to Level 50 to "trigger" DOWNWARD pressure?
This is the current PRESSURE RACE we have going...
3-Day and 6-Day chart:
When the Red RSI in the 3-Day time frame CLOSED below Level 50, this triggered DOWNWARD pressure.
That lasts for how long?
Till the White Energy comes back up to Level 50 to create "cause" for UPWARD pressure.
Now, let's DOUBLE the 3-Day to have a look at the 6-Day.
Can the White Energy in the 3-Day come up to Level 50 to create "cause" for upward pressure BEFORE the Red RSI in the 6-Day can come down to Level 50 to "trigger" DOWNWARD pressure?
This is the current PRESSURE RACE we have going...
3-Day and 6-Day chart:
Comment:
UPDATE:
More detailed description of potential scenario in the 2-Month time frame in order for upward pressure to continue and potentially see expansion of the B-Bands and price action going UP with expansion of the B-Bands.
Here is a copy of the text within the White Text Bubble for those who need to use a translator app:
1st - We need current 2-Month candle to "close" with Red RSI making contact with Green Line
while the Green Line is going UP to indicate upward pressure.
2nd - The Red RSI is already above Level 50 in the 2-Month. Which means, if the White Energy
manages to get above Level 50 the next candle; we know upward pressure continues
until the White Energy comes back down to or near Level 50.
3rd - In order to see Stage-1 Expansion of B-Bands and price action going UP with expansion in
this 2-Month time frame, we need the Red RSI above Level 70 at a minimum we need
the Green Line going UP with the Red RSI above Level 70 at a minimum. This is currently in
play. However, we need the current 2-Month candle to "close" in it's current state in order
for this particular scenario with the indicators to play out.
4th - In order to see Stage-2 Expansion of the B-Bands and price action continue going UP with
Stage-2 expansion of the B-Bands, we need the Blue LSMA to rise above Level 80.
PS - If the price action were to drop down to the White LOWER B-Band on this current 2-Month
candle, the Red RSI may no longer be making contact with the Green Line while the Green
line is going up in order to indicate upward pressure continues in the 2-Month time frame.
More detailed description of potential scenario in the 2-Month time frame in order for upward pressure to continue and potentially see expansion of the B-Bands and price action going UP with expansion of the B-Bands.
Here is a copy of the text within the White Text Bubble for those who need to use a translator app:
1st - We need current 2-Month candle to "close" with Red RSI making contact with Green Line
while the Green Line is going UP to indicate upward pressure.
2nd - The Red RSI is already above Level 50 in the 2-Month. Which means, if the White Energy
manages to get above Level 50 the next candle; we know upward pressure continues
until the White Energy comes back down to or near Level 50.
3rd - In order to see Stage-1 Expansion of B-Bands and price action going UP with expansion in
this 2-Month time frame, we need the Red RSI above Level 70 at a minimum we need
the Green Line going UP with the Red RSI above Level 70 at a minimum. This is currently in
play. However, we need the current 2-Month candle to "close" in it's current state in order
for this particular scenario with the indicators to play out.
4th - In order to see Stage-2 Expansion of the B-Bands and price action continue going UP with
Stage-2 expansion of the B-Bands, we need the Blue LSMA to rise above Level 80.
PS - If the price action were to drop down to the White LOWER B-Band on this current 2-Month
candle, the Red RSI may no longer be making contact with the Green Line while the Green
line is going up in order to indicate upward pressure continues in the 2-Month time frame.
2-Month Time Frame: