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#BTCUSD
#INFO
The last falling movement 11800 - 9925 was not deep, regarding the previous growth wave it stopped between 0.382 and 0.5 Fibo levels.
From this we can conclude that this is only the first correction wave relative to the last local impulse of 5950 - 11800.
The level 8300 is the most probable target of corrective movement.
At this point coincides the volume level, correction levels(0.618) and impulse(1.141) by Fibo.
#BTCUSD
Since a maximum of 11,800 was not taken, then the scenario with a rollback remains, see chart on TradingView:
https://ru.tradingview.com/chart/BTCUSDT/4wQojFda-btc-usdt-stsenarij-s-otkatom/
#BTCUSD
#INFO
Bitcoin showed a clear response to the volumetric level which also coincides with 61.8% Fibo from the last upward impulse.
Along with two past minimums, the coin draws a "triple bottom".
Given the combination of these factors - the growth scenario can be considered a priority.
But in the way there are two key resistance levels - 9425 and 11800, for a breakthrough of which may be required a local corrections.
At the same time breakthrough the level 11800 will be a sign of growth scenario.
#BTCUSD
#INFO
Bitcoin continues to look for his bottom. As an option BTC will test level of 5200. For confident turn we should see the reversal pattern formation as a triple bottom.
Since the previous reversal attempt was unsuccessful, further fall with a new minimum looks logical.
#BTCUSD
#INFO
Bitcoin showed the local activity of a large buyers. Such a picture is the first harbinger of the break of main trend, even though it is on a five-minute chart, but it is very strong. All altcoins repeated the same thing.
#BTCUSD
#INFO
Bitcoin has sharply fell to the local level 7900 and just as quickly grew up back, we already saw a similar picture at 6614. This figure shows that bears who fought their last ounce of strength have lost the initiative that the bulls intercepted. Specifically at the current moment, this is a sign that bitcoin will not going on correction, but most likely will continue to grow.
#BTCUSD
#INFO
Bitcoin seems starting to gain position at zones 6680 and 8000, the closest resistant level which can cause correction is in 10800 zone. Also taking into account the heterogeneity of the profile, can expect not a fast growth, but a long ascending wedge with a further breakout.