BTC is trading within a very narrow range.
There may be reasons for the exceptionally low volatility, one of which might be provided by arc analysis.
As can be read from the chart, BTC has been contained in a crosspoint of the arcs.
By scrolling the above chart, it can be seen how well the arcs have served S & R.
Coming out of that area, BTC is expected to...
This is the sequel of my related idea .
The arc resistances indicate the possibility that BTCUSDT might experience fractal formation after the breakout of the left descending triangle.
If another minor Descending Triangle is forming, BTC will still trade within the range for a while before the bearish continuation develops to its full scale.
the arcs show the possible mid high and low of BTC trend
price will go up until it reach the upper arc its 9370 point Q
in Q price will go down until it reach 9240 point B
in point B price have 3 choices :
1 break the down trends and go up until 9560 (10 % of likelihood)
2 full to mid arc on 8980 (60 % of likelihood)
3 go down until 9160 point C and fall on...
