noah230

noah230

Bitcoin is resting on the aforementioned “gutter” but we are yet to see a wick down into it, like back in July.

noah230

I think it’s time to dip down into the red channel (“the gutter”), similar to July 19th, 2021. We need to find demand before we can find direction.

noah230

BTC is respecting the trend lines. This is my guess, as of today.

noah230

Another “if history repeats itself” idea. This uses Bars Patterns from Late May through September of this year (2021). Most of these trend lines go back roughly one year (some longer). The lower red channel I call the Ascending Gutter. It makes sense to me that we would briefly interact with this channel at an appropriate time, like when the channel corresponds...

noah230

If history repeats itself we would get something like this. It would find support on the December 12th high.

noah230

BTC presently finding support on top of the descending pink channel that took shape roughly 7 weeks ago. We’ll see if it holds. In case it does, here is my prediction; a rally to the purple trend line!

noah230

Solid Green Trend Line goes back over one year and is considered significant. Watch what happened earlier this year when it crossed the solid purple trend which corresponds to a descending channel: We got a nice rally when this happened. Later, when the Green trend line approached the upper part of this descending channel (the solid blue line) that’s when the...

noah230

I should have included price levels from previous sell-offs earlier this year (horizontal Blue lines). Original post linked below. It’s interesting to note that these Blue lines fro previous sell-off intersect our trend-channel early next year. We’ll see if they actually have a “tale” to tell (at the “tail” of the channel) or not (in which case, they’re just a...

noah230

Red and Green channels correlate to Bear and Bull trends. Obviously a descending channel can only go on for so long before it goes into negative number values, rendering it impossible; so we have the yellow and white trend lines which, hopefully, give us an idea of where our accumulation levels could bottom out if things get much worse. Anything is possible, of...

noah230

Long term support crosses over medium term falling wedge formation. Having broken out of wedge, price action indicates a test of support on this “wedge” ceiling before rallying higher. Murphy’s Law states that it will go lower. Perhaps one or two more tests of the wedge-ceiling-turned-floor? When you see someone hyphenate 4 words together you should know: This...