BTCUSD: Ranging Price Action Inside 4-hour B-Bands Next 13 Hours

Hi Everyone! Still looks like we are "ranging" sideways between the White UPPER and White LOWER B-Bands in the 4-Hour time frame for a while. Maybe for at least the next 13 hours. If we were to see expansion within the next 5-hours in the 4-hour time frame, the odds are higher (at present) for expansion UP rather than expansion DOWN. WHY? Because of how far the Red RSI is away from Level 50. The Red RSI in the 4-hour would have to be down low close to Level 50 "with" the Blue LSMA to increase the "odds" of expansion of the B-Bands and price action falling DOWN with that expansion. However, if the Green Line were to turn UP "while" the Red RSI and Blue LSMA are "both" ABOVE Level 50, this would create cause for expansion of the B-Bands and price action to go UP with that expansion. Hence, "Expansion UP..."

We could see in the video we have a decent chance for the White Energy in the 90-minute to create cause for upward pressure BEFORE the Red RSI in the 3-hour could come down to trigger downward pressure. Same goes for the White Energy in the 2-hour appearing to have a better chance of coming UP above Level 50 to create cause for upward pressure BEFORE the Red RSI in the 4-hour could go DOWN below Level 50 to trigger DOWNWARD pressure.

We can likely conclude (for now) the price action will "range" inside whe White UPPER and White LOWER B-Bands inside the 4-hour time frame until we get a better indication of POTENTIAL for "expansion" of the B-Bands in the 4-hour time frame.

We also saw the Red RSI in the 12-hour still has quite a bit of space it needs to travel to get up to Level 50 "before" the White Energy in the 6-hour could come down to Level 50 to create cause for Downward pressure; once the Red RSI in the 6-hour goes below Level 50. So, if we are to see another push down again, I believe it will not occur until we begin to see the Green Line and White Energy in the 12-hour coming back down to Level 50. Keep in mind, if the Red RSI is "not" above Level 50 in the 12-hour anytime soon, then it will be unable to help upward pressure CONTINUE in the 12-hour even while the White Energy is falling. Which means, the moment the White Energy begins falling in the 12-hour, we can expect the price action to begin falling in the 12-hour.

I hope this publication has been helpful. If you will, please take a moment to "click" LIKE and "follow" if you like.

Happy Trading and Stay Awesome!

David Ward Jr.

Kommentera:

UPDATE:

Short Term Group of time frames:

Near Term Group of Time Frames;

Mid Term Group of time frames:

Kommentera:

UPDATE:

More details on the 12-hour:

Kommentera:

UPDATE:

If you need to use a "translator," here is a "copy and paste" of the Red Text Bubble:

If the Red RSI cannot get up to Level 50 in this 12-hour time frame, it cannot help UPWARD pressure
CONTINUE even while the White Energy is falling. So, we need the Red RSI to run up to Level 50 to
help upward pressure CONTINUE. Yes, we do have a chance for price action to run up to the White/
Aqua UPPER B-Bands if upward pressure wins the races in the 90-min. versus 3-hour and 2-hour
versus 4-hour. If that upward pressure was to win in those races, we could see a push up to the
White/Aqua UPPER B-Bands in this 12-hour time frame.

Here is a "copy and paste" of the Blue Text Bubble:

If the Red RSI and Blue LSMA both go above Level 30 here in this 12-hour time frame, this will increase
the "odds" for the price action to run up to the White/Aqua UPPER B-Bands or at least encourage the
price action to go sideways for a while in the 12-hour until we know more in the future. We only know
what we know "now." Bottom Line: We-don't know what we don't know until we know it.

Kommentera:

UPDATE:

Do you wish to use the OPEN SOURCE (PUBLIC) indicators I'm using? Then watch the video below to see how to add them to your charts. You got to start somewhere... I did... It was worth starting...

Stay Awesome!

Setting Up Indicators in Multi-Chart Window for Multiple Groups

17:08

Kommentera:

UPDATE:

Looks like we are having a "domino effect" of one time frame after another "expanding" and price action going UP with expansion in the Short Term Group of Time frames.

Here's a look at the 24-hour time frame: I got to get some sleep... Stay Awesome!

Kommentera:

Update:

BTCUSD: IMPORTANT Next 16 to 28 Hours

13:38

Kommentera:

UPDATE:

12-Hour Time Frame Posted December 12, 2021:

12-Hour Time Frame Posted TODAY, December 14, 2021:

Kommentera:

UPDATE:

If you need to use a "translator" for EXPLANATION #1 and #2 Text Bubbles, I'm copying and pasting that text below:

EXPLANATION #1:

Price action came to within "proximity" of the White/Aqua UPPER B-Bands;
as suggested in the Blue Text Bubble (below) in this SAME 12-hour chart
provided on December 12, 2021.


EXPLANATION #2:

NOTE: The price action turned back down from the White/Aqua UPPER B-Bands for two (2) reasons.

1. The Red RSI could not make it above Level 50 to help upward pressure "continue;" which resulted
in the price action turning down "with" the White Energy (momentum) the very moment the White
Energy (momentum) turned down.

2. The White/Aqua UPPER were going to act as RESISTANCE if the Red RSI could not get above Level 70
at a minimum AND the Blue LSMA rise above Level 44 at a minimum.