BTC Control Zones

2022년 9월 4일

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.

2022년 9월 4일

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

2022년 9월 4일

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

2022년 9월 7일

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

2022년 9월 9일

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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.

2022년 9월 16일

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9/16/22 Update

2022년 9월 19일

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

2022년 9월 30일

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

2022년 10월 2일

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

2022년 11월 11일

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BTC respecting midline of channel.

2023년 2월 18일

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