Technical analysis by TheDots about Symbol BTC: Buy recommendation (10/25/2022)

Hi, folks!It´s been a very long time since my last post, as there have been very little few concrete signs of any direction.Now, however, my hypothesis is that we´ll see large bouts of volatility in the time to come - where my bias leans towards a long position:- Bollinger bands are the tightest we have seen since the beginning of the covid rally in 2020- We seem to have solid support around the 18-19k level- The long-term trend line since the beginning of the crash crosses the support line around this time- We have had three consecutive volume-based buy signals that did not trigger a bounce- Prices are now @ the lower bolliger band in the very tight channel- We see a massive bullish divergence in 1D for both MACD and RSII am placing a long position, but remember that none can predict the future.NFA.DYOR.Never take advice from someone without skin in the game - and never take the advice of others as given.I wish you all well!