BTC USD - Where can price take us into 2023?

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Master Key for zones

• Red = Three Month
  
• Blue = Monthly
  
• Purple = weekly
  
• Orange = Daily
  

Technical Setup Acronyms
Key:
CP - Continuation pattern
DBD - Drop Base Drop
OP - Original price
DCA - Dollar Cost Average
FL - Fresh Levels

Check the updates to see where the logarithmic charts have taken us.

Analysis's below
Original outlook and full in depth analysis below.
BTC - Outlooks for the Future

A smaller counter trade buy and sell opportunity provided below;
Daily update Short Term CP.

Monthly Chart (no log)

• The monthly has created the supply zone at the all time high with confirmations provided on the weekly with a $9,000 ending at a a slight bullish indecision provided a test of the monthly curve (bullish), price broke and retested this with the consecutive bearish move. These two weeks from a $55,000 confirmation sell, provides a fresh supply zone.
  
• Price then on began the slippery slope of creating a 'Low', whereby price put in a lower low, before looing back to a pivot position back between December 2021 with the four weeks, creating a 'base' which aligned with the market structure (left).
  

The weekly log chart shows

• price is below the fair value of BTC comprised of time of writing ($25,100) - technical traders will realise this is the previous PCP level and supply.
  
• Price has now formulated within the weekly zone as a retest, however yet to indicate a deep test of the zone (down to $15,000). Refer to article on historical diminishing returns and the lows of previous years (BTC - outlooks for the future).
  
• The latest Supply FL between $23-25.1k shows the sheer strength of the bearish moves taking place at present, along with the high curve which is being respected.
  

Four Day chart

• The weekly and Four day provides the clear picture where the steep curve is intact and yet to be broken on a retest. This is due to the OL still yet to be tapped and the current zone acting as a strong tested zone - whether this will hold.
  
• The four day supplies are nested within the weekly chart so the above information holds as the structure of the market is outlined above.
  

Daily Chart

• Where can price go? - it looks clear upon the current price cycle that price is looking towards the retest of the double bottom at the low of $17,500, this depends on the current double daily bottom of the $18.2k to be over come first.
  
• The downward channel as been creating multiple impulse, corrective and subsequent impulses again - this is due to the market structure (left) this enables the price action to show where price can free fall and where a hurdle has occurred - forming a pivot point for a correction or a consolidative base formation.
  

Do you enjoy the setups?

• Professional analyst with 5+ years experience in the capital markets
  
• Focus on technical output not fundamentals
  
• Focus on investing for long term positional moves
  
• Provide updates where necessary - with new updated ideas tracking the progress.
  

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LVPA MMXXII