Bitcoin

BTC: Redistribution Part 2

1971
Hi Everyone! This is obviously "part 2" of our Bitcoin analysis. In this publication, I cover lower time frames a bit more and point out how the Red Line is already at Yellow Level 50 in the 11-Day, 12-Day and 13-Day time frames BUT the Price action is "not" at the Yellow B-Band Basis yet. This increases the odds for us to go down to the Yellow B-Band Basis even more in the 11-Day, 12-Day and 13-Day time frames in my opinion.

11-Day [Top Left Corner]; 12-Day [Top Left of Center]; 13-Day [Top Right of Center]:
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Our Near Term Group (12h, 24h, 2-Day, 3-Day, 4-Day, 5-Day, 6-Day and 1-Week) all suggest "continued" expansion DOWN as well. Look how many of the time frames have both red and blue lines BELOW Yellow Level 50; suggesting some type of expansion down. Whether it would be stage 1, stage 2 or even stage 3 expansion DOWN.
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