BTCUSD: December 19, 2021; Current Price Action Expounded

Hi Everyone! I thought it was necessary to provide a few more details about the indicators in our 4-Day and Weekly Time Frames to "expound" upon the CURRENT price movement and what needs to occur within the indicators in order for certain B-Bands to no longer act as RESISTANCE and eventually become SUPPORT by "leaving" (going UP from) the B-Band that is "currently" acting as RESISTANCE in the 4-Day and "currently" acting as SUPPORT in the Weekly Time Frame.

Hope this publication was also beneficial like the previous one. If you would take a moment to "click" Like for me, that would be appreciated.

Happy Trading and Stay Awesome!

David

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A look at 4-Day time frame to compare to late November, 2018:

Now compare the Blue LSMA in the Weekly of late November, 2018 to PRESENT DAY. You will not the Blue LSMA is up much higher in PRESENT DAY Weekly time frame. So, it's POSSIBLE for us to remain sideways in the Weekly with $39K to $41K (Aqua LOWER B-Band in the Weekly) acting as support UNTIL the Green Line POTENTIALLY turns up again. This is WHY we are monitoring time frames LOWER than the 4-Day and Weekly in order to make the determination if the Green Line can come up again in the Weekly time frame.

So, it's POSSIBLE the Blue LSMA "might" save us from falling into full fledged "distribution." Just remember: We don't know what we don't know until we know it.

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Current Fib Retracement Levels viewed in 4-Day time frame:

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Enjoy this publication while it lasts...

This will be my LAST "crypto" publication on TradingView... They passed 1,000,000 subs and have no need of content like mine to market themselves anymore... I've noticed many who would often have their ideas posted and climb up to or near the top on crypto ideas on a regular basis end up not being anywhere to be found... I suppose TV has "changed" how ideas are pushed up to or near the top by quality content from top analysts. Don't know why... you have to wonder but I'm not going to speculate...

The immediate group of time frames shows the 16-minute pushing down... Which means what? The 30-minute RSI and LSMA can be pushed down... Which means what? The RSI and LSMA in the 1-hour can be pushed down... etc...

This is WHY we "occasionally" look at the immediate group of time frames to get an idea of CURRENT DEVELOPEMENTS in the Short Term Group of time frames; which can affect the Near Term Group of Time Frames.

Immediate Group of Time Frames:

You can see the RSI and LSMA in the 30min. is currently very low. If it remains low, this will push down the RSI and LSMA in the 1-hour; and then the 90-min. etc... The height (hi level) of the Blue LSMA in the 2-hour time frame "might" rescue us from the current downward pressure eventually but be careful if counting on it. We don't know what we don't know until we know it.

Short Term Group of Time Frames:

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2-hour time frame:

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6-Week Time Frame:

We have 13-Days and 7-Hours to avoid increasing odds of falling into distribution. Serious Time to begin a reversal in Short Term and Near Term Groups of time frames. Otherwise, we would be at risk of falling further in the 6-Week time frame.