


BTC descending channel with HTF horizontals and descending resistance. Keeping it simple with lower green demand pool highlighted.
See OBV H4 blue support line align with the drop from 9k to 8k, and perfectly with the drop from 6k to 3k.
Looking for a short term short position from the red supply zone.
Expecting to see BTC retrace into at least the higher grey demand zone (H4 buyers) if not potentially the lower grey demand zone (daily TF buyers), before pumping hard up out of the bull flag we've seen printing this last month or so. Higher target from the flag is $18500 or so.
After the initial break up on 18th July, BTC failed to break the local TR and headed back down to find new support. Some healthy consolidation saw BTC finally break the downwards channel which had been printing, now giving us a target of 10800 - if price reaches this level it will be significant as the diagonal blue resistance which hasn't been broken since price...
BTC is about to complete a flat corrective move and move back up to 11500