this colors each show different powers
purple (strong) weekly
pink (major) daily
green (minor) 4hours
and each one can act differently in order to power and condition of price
I hope u know that this is a personal opinion and everything can happen in between this trends or s/r levels and market will never care about our feelings but we can have different opinions at the same time for ourselves and with risk management and stop losses for short term trades we can decide what to do at different points of live market
I hope u have the same opinion
in order to see which way btc is going to you have to see volume decreasing here but the thing is , volume should be higher than what we see now so I prefer a long position here because of being in vacation and market relaxing crypto might have rest in downward lineup
AS YOU CAN SEE we have a beautiful quasimodo structure which is not normal one ... diamond one is more accurate and more powerfull combined with latest PRZ spike and price action candle confirmation
there is a lot of reason for this move...
there is a lot of money gathering between 21500 to 23500 area with fibonacci 0.5 and 0.618 levels also which is for last spike movement for btc
