BTC Control Zones

4 thg 9, 2022

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.

4 thg 9, 2022

Ghi chú

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

4 thg 9, 2022

Ghi chú

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

7 thg 9, 2022

Ghi chú

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

9 thg 9, 2022

Ghi chú

***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.

16 thg 9, 2022

Ghi chú

9/16/22 Update

19 thg 9, 2022

Ghi chú

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

30 thg 9, 2022

Ghi chú

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

2 thg 10, 2022

Ghi chú

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

11 thg 11, 2022

Ghi chú

BTC respecting midline of channel.

18 thg 2, 2023

Ghi chú

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