Mid-term forecast for BTC: April-May ranging before 3rd wave
Analyzing the previous cycle that started on the 14th of April 2021, we can clearly see that the current cycle is almost identic in terms of date & price range.
From the moment we broke down 46000 and started free fall till the day we broke up the same milestone and returned upper passed 80 days.
The next range of 42000-52000 lasts for 60 days, then exponential growth started and we reached ATH. Considering this we can assume that we just arrived in the next range of 42000-52000 and it may continue for around 60 days, till the end of May 2022.
According to Volume Indicator and the current situation, there are two kinds of trading ranges that might happen:
From the moment we broke down 46000 and started free fall till the day we broke up the same milestone and returned upper passed 80 days.
The next range of 42000-52000 lasts for 60 days, then exponential growth started and we reached ATH. Considering this we can assume that we just arrived in the next range of 42000-52000 and it may continue for around 60 days, till the end of May 2022.
According to Volume Indicator and the current situation, there are two kinds of trading ranges that might happen:
- Lower Range of 44000-49500 (orange dashed lines)
- Upper Range of 46000-52000 (Yellow dashed lines)
Trade active:
The price is moving by the trajectory: touched 44200 and immediately bounced back to 47200.
The next target is between 48200-49500. The
The next target is between 48200-49500. The
Trade closed manually:
Absolutely opposite movement!
