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⋅ If Bitcoin can stay above this yellow area there is pretty good bullish setup. This is a final step for the reversal. 6842 also important.
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⋅ Dangerous movements ffrom Bitcoin
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⋅ Now price is 6720. Staying here is not good.
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⋅ We are in the yellow area. I am not bullish at this area.
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⋅ Well not in but at the edge. Bulls are trying to defend.
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⋅ Right now price is 6725 but defending yellow area is not enough for bull scenario. Time wise correction is near and we couldn't reach 6850.
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⋅ 6 hour later we still didn't dropped. Is this the time for the 6850 challange?
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⋅ Again we are at yellow area. No trade zone for me.
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⋅ Look how perfect working this yellow area :D That is why i was not stay at bitcoin in yellow area.
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⋅ Also we are seeing support turned resistance
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⋅ Now using triangle as a support
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⋅ I was not even looking at charts because after the yellow area triangle was not as supportive. So we break down triangle. End of analysis.