Volatility expected after clearance of the arcs containing BTC

26 дек. 2022 г.

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 slowly recover its volatility, perhaps within a couple of days.
If the arcs are strong resistance, 18K or higher prices are less likely, esp. in HTF.

For the expected upside move, please look at my related idea below.