BTC-USDT next possible movement within the next 30 days

Mar 6, 2023

BTC looks to be playing out this smaller channel within the larger broadening wedge, which if accurate should see it bounce slightly higher to the golden fib, before being rejected and possibly a quick move down, as more bearish sentiment is quickly on the upswing. There could be a possible push backup within the channel after if falls around $21,500 which is my expected first move, and if that push comes back up it will retrace towards the top of the channel, but I do not see the falling channel remaining after that if it even makes it that far, as towards the end of March the spring equinox is upon us, which I expect the market to then take a major retracement to the downside in all markets, which BTC will unfortunately get taken down with the wreckage of the traditional markets. At that point I expect BTC to finally retrace below 20k, and that might be the time that it finally falls below its previous low, taking out that range, and creating a new low, and possible down even in to the 10k range, but that could take till closer till the end of the year, depending on how some other factors play out. But for now, expect BTC to climb slowly up towards 23K this week, before reaching the top of the falling channel and then we see a retrace towards the middle/end of March which will at least come back down to around 21k, if not the more drawn down drop of the equinox. Either way, this is the short term play at hand for the BTC-USDT charts for the month of March.

Mar 9, 2023

Note

BTC-USDT is moving in the direction I had written my thesis on pretty accurately in the short time I have had idea published, and I just wanted to update that everything mentioned is still on track and nothing has changed as of this update, we have had the first of what I predict to be a multitude of random, yet sketchy drops along the way as we consolidate and sweep the lows currently at play. I know being that bearish is a buzz kills for 99% of people who read this, and most will immediately close this idea and move on, while reminding themselves that BTC would never go that low again. cough cough yah, sure thing johnny moonboy. and for those of you who come from traditional trading backgrounds, not limited to this recent crypto market of the last couple years, are the ones who understand why I am as bearish as stated, not that I want ot be, just relaying what I see in the charts. Hopefully anyone analyzing my chart for the first time can start to accumulate factual evidence of the success I usually have(keyword usually as I am the first to admit I have oh so much to still learn) But to me, half the fun of trading is the actual learning curve that is neverending, as it feeds the soul of weirdos such as myself that is bored a majority of the day, and always seeking out as challenging of a task as I can find, and boy oh boy have I found what I was searching for when I started charting handful of years ago. Anyways back to topic, I see BTC ranging for a short while within the next two weeks of March, provided I cant imagine at least 1-2 liquidity spikes to the upside and downside as they prepare the next major move which I sitll see playing out right around March 20th, which happens to be the spring equinox, and which happens to be a very common timeframe where the markets move lower at extreme price swings, and with the upcmoning recession inevitable in the US at this point, I see this years equinox as another notch on the spring belt where price deviations become more the norm that time of the year than actual deviations. So I will know very soon if my theory remains in tact or if it is already time to start fresh at the drawing board. Expect BTC to get to 21k by the end of the week most likely by slowly crabbing downward. And at that point we could possibly see one last bear market rally in all markets to serve as the last retail liquidity grab before we end up reaching that waterfall drop off to the downside right in time for the equinox, and at that point I expect BTC to test the swing low rather quickly, which will rekt most that I have seen talking this market so far in the twitter sphere and in the famous TV chat. The one variance is anyone suggesting that is stern we go down to test the lows, creating a double bottom, whereas I expect the price to drop right thru where that bounce would have occurred which further rekts the crowd, finishing us off all the way around $9,500-$12,500 and so everyone knows, the only reason I have the 9500 number as a possibility, is because that has been my low prediction since back when we finally broke the psychological 30k after bouncing off it as support for what seemed to be forever, but 9500 became my bottom prediction because of the massive gap fill at that number that was never taken. and yes I am aware price gap fills arent exactly any type of bread and butter in the crypto markets, but I just see this particular one lining up perfect for the last almost two years it has been on the chart. that area happens to be confluence with other swing highs from back in the day as well as my fave being fibs and more specifically golden fib pockets relating to fib circles and fib channels, both of which happen to be some of my top indicators when dealing with forecasting higher timeframes such as 2day all the way up to the monthly charts. When confluence of the fib circles lines up at those timeframes, I start to become almost unable to stop gloating because of the confidence I have regarding those select tools, even though I am always aware I can be wrong, going as far as to assume I am always wrong as my starting off point when analyzing, so we will see very soon how it all plays out, but 9500 is the personal opinion type prediction combining things I like to seei n the markets, and the more general type of prediction would still be around 12k for me, so we will see. All that matters is so far if you find any of this somewhat interesting, I am will continue to update as needed and as long as my chart is playing out as precise as lets say this very last move, I hope that you decide to stay invested and keep checking into utilize my ideas or at least as a stone to use to play devils advocate against your personal charting ideas. Godspeed all ya legends out there who love thsi shit no matter how much the markets can mess with ones head!!