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

Updated

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:

Note

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.

Note

UPDATE:

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

Note

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.

WyckoffMode

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