$BTC
On a Weekly Chart
05.17..22
0846H +8 SINGAPORE

Another month has passed and we have seen our ENTRIES forecast to be right on track with our published idea.

Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.

ALERT:
The bear tail appeared a few days ago and I believe that this will be the start of a reversal in trend. Nonetheless, we still have a war in Ukraine and US govt spending for this war is still increasing.
Let us just be cautious about our trades.

Based on VITAL SIGNS ( RSI , STOCH , VOL., MA VOL.) Looks healthy.

1. RSI 26: about RIPE for ENTRY
2. STOCHS at the HIGH is midway upwards, looking at a correction anytime soon this week.
3. Volume on the sell side has increased, the spike that we were looking for. This means we have a lot of supply in the market. BUYERS are coming in for this kill.
4. 20k zone will try to hold this as strong support, It did break the zone of capitulation and the market broke past down the bottom of our major and minor box.
It then was rejected to go further down the bottom of our zone of monitoring (yellow box.) Which is another sign that a reversal in trend is most likely to happen.
5. If things get worst, 11-20k will be my alert zone, this will be an unprecedented move for $BTC which everyone takes advantage of. This will create more than enough strength to beat the ATH and propel it to min 80k USD.

Looking back since the beginning of the year,
the Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels.
Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we Enter a NEW SWING CYCLE.

INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)

“FOLLOW THE WHITE RABBIT!”
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.

TARGET ZONE IDENTIFICATION:
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE – CONSERVATIVE (If price action conditions are right at that given moment.)
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.

NOTE:
1. That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
2. Created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET’S CHARACTER.
3. My Minimalist BOXES are designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
4. At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
5. DYOR for your Fundamentals, Volume , Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology .

Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.

Vive Le Autist!
Vive Le Diamond Hands!