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May 21, 2022 8:25 PM

BTCUSD: Potential Proximity to $32500 the Next 4 Day Candle 

Bitcoin / U.S. dollarBitstamp

Description

Hi Everyone! It appears we have a decent chance of running up to proximity of the white lower b-band the next 4-day candle. However, running up to that level does not mean we will be on the verge of breaking out into a Sign of Strength just yet. We still have a lot of work to do with the blue line in the 2-Day and 3-Day time frames.

Happy Trading and Stay Awesome!

David

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UPDATE:

12-Hour

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UPDATE:

messed up the first a,b,c,d

this one is better:

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UPDATE:

Short Term Group:


8-Hour b-bands may attempt to expand due to red line and blue line rising above yellow level 50:


Near Term Group:

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24-hour time frame:

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What the 12-hour looks like with and without indicators before the new 12-hour candle begins. This is for future reference only:

12-hour without indicators:


12-hour with indicators:
Comments
AlkalineFX
Great breakdown!
mastershark
💪💪💪
jimmythis343
7 consecutive days of RED candles...it's time for some UPSIDE!. Good job
thunderpips
Good detail overview. Thanks for sharing.
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