BTC PA Forecast
HISTORIC REFERENCE
• 50W and 100W EMAs have collided in past also. Every time they have collided, historically a clear bull run starts within 1 month.
RECENT FIRST TIME EVER EVENTS
• 400W EMA Slope, which was in uptrend since beginning of BTC history is now nearly at 0°, which is flat. We are experiencing this first time ever. There is a very remote possibility that this slope will go and stay negative, i.e., down trend. Most likely it will run flat and then get back to uptrend.
• Never was previous ATH breached. This time it is.
• 200W and 300W EMA slopes are now in down trend – First time ever, a disaster event in the history of BTC.
CONCLUSION
There is very little possibility this disaster spree will continue and give way to next level disaster that will be when 50W EMA will cross 200W or even further 300W or 400W.
FORECAST
Therefore, with high probability, and correlation to past behavior, it can be forecasted that 200W, 300W and 400W EMA will now trend parallel. This means, BTC will derive support from 400W EMA and resistance from 200W EMA and price will range up and down the 300W EMA, as it is currently doing. Price will first try to break 200W around the week of 24th October 2022, high probability it will get rejected and will be back down to derive support from 400W EMA and then again try to breach 200W EMA again at around week of 10th April, high probability it will be successful in its second attempt and then finally try to break 100W and 50W confluence. Once that is done, we will be in a clear uptrend.
This PA also conforms to Wycoff Accumulation Schematic.
The calculations are based on Fib Time, Fib Levels, Exponential Moving Averages and Wycoff’s Schematics.
THIS IS NOT A FINANCIAL ADVICE. Just Physics and Mathematics in action!
HISTORIC REFERENCE
• 50W and 100W EMAs have collided in past also. Every time they have collided, historically a clear bull run starts within 1 month.
RECENT FIRST TIME EVER EVENTS
• 400W EMA Slope, which was in uptrend since beginning of BTC history is now nearly at 0°, which is flat. We are experiencing this first time ever. There is a very remote possibility that this slope will go and stay negative, i.e., down trend. Most likely it will run flat and then get back to uptrend.
• Never was previous ATH breached. This time it is.
• 200W and 300W EMA slopes are now in down trend – First time ever, a disaster event in the history of BTC.
CONCLUSION
There is very little possibility this disaster spree will continue and give way to next level disaster that will be when 50W EMA will cross 200W or even further 300W or 400W.
FORECAST
Therefore, with high probability, and correlation to past behavior, it can be forecasted that 200W, 300W and 400W EMA will now trend parallel. This means, BTC will derive support from 400W EMA and resistance from 200W EMA and price will range up and down the 300W EMA, as it is currently doing. Price will first try to break 200W around the week of 24th October 2022, high probability it will get rejected and will be back down to derive support from 400W EMA and then again try to breach 200W EMA again at around week of 10th April, high probability it will be successful in its second attempt and then finally try to break 100W and 50W confluence. Once that is done, we will be in a clear uptrend.
This PA also conforms to Wycoff Accumulation Schematic.
The calculations are based on Fib Time, Fib Levels, Exponential Moving Averages and Wycoff’s Schematics.
THIS IS NOT A FINANCIAL ADVICE. Just Physics and Mathematics in action!