Updated

BTC Control Zones

A theory on control zones for BTC. Channels appear to be respected in recent price action.

Monthly: Lowers Lows on Wicks

Will we continue the trend of lower lows?

Weekly: MACD Divergence

The divergence is still valid and is playing out within the decision zone, which may lead to bullish control.

4 hour: 3 touches of local bottom

Pretty strong case for a local bottom

4 hour: Bollinger Bands tightening

Impending price action for the decision zone. The longer it ranges the easier it will be for bulls to control if the channels are respected.

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Can we stay above the last monthly wick low of 19526?

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Look at how the 20-day SMA is respecting the midline of the channel

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9/6/22 after big dump, still in the decision zone.

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***9/9/22 Update***
Moving average still respecting midline of the channel.
We're still in the hands of the market makers. These large swings are even more proof of this.

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9/16/22 Update

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9/19/22
Dump bounced right off the 18.4k midline of the channel.
Respected.

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Sep 30 11:22AM Update
We are so close to a decision!

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Bollinger Bands starting to pinch, impending price action.
A decision has to be made.

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BTC respecting midline of channel.

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*2/18/23*
Channels were respected and BTC broke out accordingly.
New trendlines need to be used now....

UnknownUnicorn17656915

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UnknownUnicorn17656915