BTC Control Zones

4 Sep 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 Sep 2022

Nota

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

4 Sep 2022

Nota

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

7 Sep 2022

Nota

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

9 Sep 2022

Nota

***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 Sep 2022

Nota

9/16/22 Update

19 Sep 2022

Nota

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

30 Sep 2022

Nota

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

2 Okt 2022

Nota

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

11 Nov 2022

Nota

BTC respecting midline of channel.

18 Feb 2023

Nota

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