NVT update, Still haven"t hit the bottom of the NVT channel

2022年3月9日

Yellow diagonal support line 67.6 NVT. the two opposing yellow directional arrows show a possible outcome for the bearish view which makes sense to me now, i had initially thought BTC would travel straight down to this support, but since BTC has created many new supports and resistances through the most recent Bull run there are many new levels that have to be tested. BTC is taking some time to achieve aN NVT drop to the 67.6 area. in due time this level will be tested. between now and June 1st. obviously should BTC bounce from here BTC would be Bullish. this is a key area (Current price range ) of resistance.i expect BTC to bottom on the X4 yellow horizontal line @ 67.6. BTC is currently forming a huge H&S on the 3 day, on this chart you can see H&S target comes very close to an 80% drop and would make sense to culminate May 31. good luck everyone, i hope this NVT chart is helpful.