BTC: Stage 1 Expansion Up Next 6h and 8h Candles Near $17K

2023年1月4日

Hi Everyone! Looks like the Red and Blue Lines in the 6-hour and 8-hour are on the verge of stage 1b Expansion Up the NEXT 6-hour and 8-hour candles. Unfortunately, the Red Line in the 2-Day is not ready to go up above Yellow Level 50 the current 2-Day candle; in order to have increased odds of rising up from the yellow b-band basis this current 2-Day candle. What about the next 2-Day candle? Hard to say at present. Let's wait until the next 2-Day candle before making that calculation. In the mean time, we can anticipate the price action potentially rising up to just shy of $17,000 this current 24-hour candle.

Here is the Short Term Group of time frames. The 6-hour and 8-hour time frames are bottom right of center and bottom right corner:


Near Term Group of time frames with 12-hour, 24-hour, 2-Day and 3-Day along the bottom of this chart:

2023年1月6日

注释

UPDATE:

I've made an update to Bad Ass B-Bands. I'm calling them, "Phoenix B-Bands" from here on out. Why? Because they should be used with Phoenix Ascending indicator.

This update has added Magenta Upper and Magenta Lower B-Bands with a positive 0.618 Standard Deviation on the Upper Magenta B-Band and a negative 0.618 Standard Deviation on the Lower Magenta B-Band. I'll explain why I added them soon. I have not added this update to the Public Bad Ass B-Bands script yet. I will do it AFTER I finish an update with Phoenix Ascending by adding Magenta Level 40 and Magenta Level 60 as default in the Phoenix Ascending script. So, the update will be soon.

2023年1月6日

注释

UPDATE:

Another screenshot for you to see the "Standard Deviations" of all the other b-bands in the labels in the right column:

2023年1月6日

注释

UPDATE:

I "hid" the White Energy, Blue LSMA and Stochastic RSI from Phoenix Ascending to avoid making it look too busy while I point out the need to "focus" on the Red Line crossing or about to cross above or below level 60 - OR - above or below level 40. This is where you can see the Price action about to go up or down from the Magenta Upper or Magenta Lower B-Bands.