Updated

potential local turnaround

Yesterday sellers could not fix below 6000. On the way down at the level of 6000 did not meet a large number of stops, but met the limit orders of buyers who did not let the price down. Therefore, I anticipate a small correction of BTC in the zone of 6300 - 6500. And after that I will wait for it at the price of 5500. Then I hope to see either a local turnaround, or at least a rebound to 6500 - 6700.

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with the help of almost 5000 btc the price was shifted to 6253, but the main volume was concentrated in the zone6170 - 6185. I think it is fixing the profit of sellers who have reached a new local minimum.
Since there was no normal consolidation and sellers hold the price, the count is not complete.

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I'm waiting for the blue channel to break down for a test price of 5500

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i`m waiting...

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And we continue an interesting and rich journey through the blue channel. For a significant reduction in the price to my goal, you need to stick below 6100.
However, I do not rule out the possibility of testing the 6500. However, all the same, the price drop to 5500

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sellers failed to break through the blue channel. consolidation continues

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the blue channel will tell you where the price will go

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have come to a critical point that separates us from 5500
have come to a critical point that separates us from 5500. Stopped at the middle of the main drop channel

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Sellers do not let push the price up. I hope the final confirmation of the future fall we will see after 3 hours (close 3, 4, 6, 12 hour timeframes)

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as for me a simple correction before going down.

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A similar situation. Sellers tried to squeeze the price down, but at the important level for buyers the buyout was carried out. First it is 6100, now 6000.

Trade closed: target reached

I'm looking at old ideas. It's nice to watch their workout. Bitokin slightly raised and did not reach 5500). Now is a good opportunity to do this)

P_S_trade

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A new local low?

by P_S_trade

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P_S_trade

🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE

🔥V-I-P cutt.ly/PwkLhT56

👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s

🔵Telegram t.me/pstrade_eng