dadae

dadae

We are going to test 5.9k area sooner or later and the local price action structure will depend on that. If we dont retrace and make another push from here, 6.4k is my first target, being hard resistance (also local bottom from May). Furthest I see this going is 6.6k before a decent retracement. What you see in the chart is just a 5th wave diagonal idea dropping...

dadae

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dadae

Diamond bottom meme

dadae

Lets see if we approach that trend and an important support level at the same time for potential bounce in theory.

dadae

rip

dadae

Some trendlines below, I dont think we bounce again at 6600 area so should be looking for support at 6450-6500.

dadae

,

dadae

o

dadae

y

dadae

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dadae

Keep it simple

dadae

+.+

dadae

Rsi looking healthy at the moment, no significant RSI divergences on hourly time frames.

dadae

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dadae

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dadae

Taking a look at the 1-BTCUSD chat (inverse) looks like an ascending triangle on the daily if we retest the upper side. Falling below - 10k would invalidate this triangle ;D