We continue a series of global ideas on the BTCUSDT chart
This week, buyers managed to hold the critical zone of 27000-27400$ and, accordingly, growth according to the blue scenario in the idea:

BTCUSDT is now reaching a critical level around $31000.
Next week, 03.05.2023, the FOMC meeting and the announcement of the new Fed rate. This event will definitely add fuel to the fire.
At the end of last year, we published an idea where we demonstrated our thoughts and calculations on when the crypto market could peak

Today, we've "played" around with the Gunn box and possible price movement fractals.
The Gann Box is stretched from Dec. 2018 low to the probable high in October 2025.
Skeptics will say that this is a bit "pulled by the ears", but the proportions of the Gann box on the global chart show us trend turning points and the beginnings of a strong movement.
You can personally explore this tool, sometimes it can surprise and impress.
The green fractal shows that over the next six months, a long process of capital transfer from Bitcoin to altcoins may take place.
What if we witness a miracle and the BTC price crosses the 1million $ mark?
What do you think? Share your thoughts and charts in the comments below the idea
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
This week, buyers managed to hold the critical zone of 27000-27400$ and, accordingly, growth according to the blue scenario in the idea:

BTCUSDT is now reaching a critical level around $31000.
- If they try to go higher, then next week, may begin to grow in the region of 40000-41000$ like says the yellow fractal
- If the price fails to break above 31000$, then we will see a correction to the $24,000 area according to the green fractal.
Next week, 03.05.2023, the FOMC meeting and the announcement of the new Fed rate. This event will definitely add fuel to the fire.
At the end of last year, we published an idea where we demonstrated our thoughts and calculations on when the crypto market could peak

Today, we've "played" around with the Gunn box and possible price movement fractals.
The Gann Box is stretched from Dec. 2018 low to the probable high in October 2025.
Skeptics will say that this is a bit "pulled by the ears", but the proportions of the Gann box on the global chart show us trend turning points and the beginnings of a strong movement.
You can personally explore this tool, sometimes it can surprise and impress.
The green fractal shows that over the next six months, a long process of capital transfer from Bitcoin to altcoins may take place.
- During this period, some altcoins can shoot up quite a bit, let's call this period a mini-alt-season.
- Then in October, the price of BTC can shoot up from 30 thousand dollars to 51 thousand dollars
- Then a must-have occurs before every "BTC halving" - a sharp correction.
- After "BTC halving" will start a stable and long-term growth trend.
- The growth of the BTCUSD price to 275-300 thousand dollars in two years will be a blessing)
What if we witness a miracle and the BTC price crosses the 1million $ mark?
What do you think? Share your thoughts and charts in the comments below the idea
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
Note
In 8 hours (18:00 UTC), the Fed will announce a new rate. 85% of respondents expect a rate hike of +0.25%. That is, at this time, an increase in volatility is guaranteed, within the consolidation of 27000-31000$
If there is a +0.25% increase, it can be assumed that the cryptocurrency market will continue to grow, as this information has already been "digested" and priced in.
If Mr. Powell says "something" contrary to market expectations, the price may start to fall down like a rock.
To protect your trading deposit from sudden changes, it is better not to trade while the price of BTCUSDT is in a consolidation range of 27000-31000$
Above 31000$ - a confident long
Below 27000$ - a confident short
Note
Two months have passed, what do you think? Does the green scenario have a chance of working out?
Trade active
It has been 4 months since this idea was published.It seems that the BTCUSDT price is moving to follow a green fractal.
This means that the sideways consolidation to the right will continue for at least another month. And only closer to October will there be a chance for an upward movement.
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🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.