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Technical analysis by Jack-Strainer about Symbol BTC on 4/11/2022

https://sahmeto.com/message/3556665
Jack-Strainer
Jack-Strainer
Rank: 11816
1.4
،Technical،Jack-Strainer

First thing I have to mention is my channels, the top one to be exact, these past two weeks while we were trying to breach the top channel I thought we broke it with a 46k + new support close but there's a strong line at 48k and the channel deceived me i updated the bottom of the channel to 48k and the top of that channel stays the same at 65k (: Left chart: with the start of the month; April 1st, new support came in at 8:30 UTC The pink/red circle is the newest resistance/support @ 45,300 (orange dots) It's pretty big also its really close to 46k aka the second strongest line (first strongest line is @ 34k) ( side note... this is just a thought but maybe this is a monthly play, monthly closes above 45.3k then dips to find monthly support with a pull back before months close..... just a thought) The white circles are the weekly closes….. The first weekly close looked good, closed on top of 46k + 45.3k then the weekly right after closed horribly @ 42.6k That close ruined everything Right chart: Weekly chart, hitting the top of the ichi cloud…. Really close to the top of the bottom channel This chart sadly shows a top made at the bottom of the top channel At the moment we're in and closed in no man zone (46k - 40k). I'd like to see a break of one of the channels before I pick a side…. And I mean a weekly close breach…. Sorry General: Look at these support lines @ 38.5k @ 36.3k @ 34k @ 31k Look to break these resistance lines @ 48k @ 53k @ 56.2k @ 65k + Because of the new line @ 45.3k I'm sure it will show strength+ I don't have much to say except state facts but this is documentation of how these lines fail too good luck be safethe D is holding up well, top of the channel still looks like support

Translated from: English
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Signal Type: Neutral
Time Frame:
1 week
Price at Publish Time:
$40,507.58
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