BTCUSD Bottom at 36700 to 37700 by end of April
ที่อัปเดต:
This is the same chart I published on March 2nd…..I made some adjustments.
On March 25th it went out of the STRONG DOWN TREND CHANEL in BLACK THICK DOWNWARD LINES; but it was a false positive, it crawled back into the down trend channel and it is now inside the blue small triangle. Where that small blue triangle ends should be the end of the long term down cycle and should be confirmed by strong volume. Watch the small blue triangle at the bottom where the volume bars are. I also added more thick red lines parallel to the original one to emphasize. The circle indicates a false positive but also noticed that it stayed withing the pink thin rectangle with a support resistance line at 45247.
I also noticed the two spikes where the green arrows are and it is possible that a spiky bar inside the blue triangle happens quickly to to go down to the bottom of the GREEN CHANNEL where I have put a third green arrow to make it a triple bottom. At the end of these triangles is also the end of the long term trend indicated by the thick black downward channel. The dotted perpendicular line at the third green arrow is the length of the previous long red candle. Also notice that it will continue to fill volume in the wide pink rectangle so it should stay there for a while filling it up before the quick spike down and out of the downtrend by end of April.
Once you see volume spike out of the small blue triangle at the bottom you will know that the reverse has started.
Good Luck
On March 25th it went out of the STRONG DOWN TREND CHANEL in BLACK THICK DOWNWARD LINES; but it was a false positive, it crawled back into the down trend channel and it is now inside the blue small triangle. Where that small blue triangle ends should be the end of the long term down cycle and should be confirmed by strong volume. Watch the small blue triangle at the bottom where the volume bars are. I also added more thick red lines parallel to the original one to emphasize. The circle indicates a false positive but also noticed that it stayed withing the pink thin rectangle with a support resistance line at 45247.
I also noticed the two spikes where the green arrows are and it is possible that a spiky bar inside the blue triangle happens quickly to to go down to the bottom of the GREEN CHANNEL where I have put a third green arrow to make it a triple bottom. At the end of these triangles is also the end of the long term trend indicated by the thick black downward channel. The dotted perpendicular line at the third green arrow is the length of the previous long red candle. Also notice that it will continue to fill volume in the wide pink rectangle so it should stay there for a while filling it up before the quick spike down and out of the downtrend by end of April.
Once you see volume spike out of the small blue triangle at the bottom you will know that the reverse has started.
Good Luck
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April 13 2022Notice how it gapped up to the top of the BLACK THICK DOWNWARD TREND line and like a hot rod it backed down into the BLACK DOWNTREND CHANNEL.
It should meander between 39002 and 40540 to fill up the gap marked by the VOLUME BY PRICE on the right side yelow/blue sideway bars, pointed on March 2nd by the pink wide long rectangle as a weak area void of volume that needed to be filled before starting up out of the downtrend.
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Hello everybody, I am just on target, the low today was 37710......the futures also bottomed, it will complete the blue triangle by the end of April you should see green volume coming in, if not then it is another false positive and will crawl back into the long term down black channelการซื้อขายยังคงดำเนินอยู่
......watch for the lows of Jan 22 Jan 24 and Feb 24 as possible support areas if strong increase in volumeการซื้อขายยังคงดำเนินอยู่
it has fallen back into the BLACK main down trend channel, watch closely when the black channel intersects the RED channel in about 9 days for a sign of reversal at 35xxx
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