BTC USD is showing market symmetry in multiple patterns that point toward a brief decline to the $28,000 level. Market symmetry, trend line support and resistance show likely support near $28,280 on or near August 14 and 15th of this year. Support may be followed by a continuation of the uptrend or a test of the upper channel resistance. Current sentiment is...
Long term market symmetry, parallel trend lines, and support and resistance levels give rise to a long term prediction of resistance near $42,000 in December of 2023 followed by support near $20,000 toward the end of May 2024 and $15,000 late Sep 2024 before a climb toward $31,000 March 2025 and $42,000 again Oct 2025.
Curious to see how this actually plays out…
BTC USD currently finds support near $26,500 before resistance near 28,400 Wednesday of the coming week, after which, we may see a drop toward $26,100 the following week, before a drop toward 24,600 by Wednesday 6/28.
Trendline,
Support and resistance
Chart patterns
Candlestick formations
Market Symmetry
BTCUSD and BTCUSDT show signs of a slow climb toward resistance at 18,100 that should be reached on or around December 21st 2022 - after which a sharp decline is expected to push toward 15,000 and 13,000 in the 2-4 weeks following.
Analysis supporting this includes:
- trend line support and resistance
- support and resistance levels
- market symmetry
- relative...
Intersecting, train line support and resistance, as well as long-term symmetry and short term symmetry pointing toward 9000 indicate the short term rise with inverse head and shoulders pattern on four hour chart toward 17,600 before reaching resistance and turning down toward 14,000 by November 22-25 2022
BTCUSDT to 24,300 Nov 20th before 19,000 support Jan
Upward break of declining channel
Support and resistance
Inverse head and shoulders
Patterns of highs and lows
Proprietary Market Symmetry
Market symmetry, intersecting channels, strong support and resistance all point toward strong support at 1800 and the break of the current long-standing downsloping channel. If and once this breaks, BTC is likely to rally toward resistance at 22,000 within the next 2 to 4 weeks.
Break of resistance at 22,000 could see BTC begin to resume upward momentum.
Market symmetry, channels, and relative momentum’s give higher probability that BTC will fall and find support near 18,900 before resistance at 20,300 before October 18, 2022. After this point a decline is expected but not yet calculated.
BTC toward 23,300 by August 28th before support near 21,500 early September.
Market symmetry along
Relative high/low
Support and resistance
Rising channels
Intersecting channels align with 1.618 Fibonacci extension along with market symmetry to show potential resistance near 35,000 on or near June 6th followed by a decline toward 11,000 on or near June 27th.
Intersecting channels and 1.618 fibonacci extension align almost perfectly with support at 11,000 on or near June 27th 2022. Market symmetry is low below 30,000.
Trim line support and resistance as well as symmetry indicate BTC reaching temporary support near 30,000. If support holds, the expectation is that BTC will rise toward 40,000 on or near 2 June 2022.
Bitcoin May continue what’s downward slope channel with one move to test support near 37100 followed by another to test of the resistance near 38000 followed by a test of an ascending trend line support intersecting around May 9th near 36,000.
Strategy is short before May 9th or wait to buy
Lower lows and lower highs as well as a higher degree of correlating market symmetry increase probability that Luna will approach the lower portion of the rising channel finding support between 60 and 63 On around mid May.
