The#BTCprice is showing an impulse correction today, it went below the important level of $64,120. In the reviews on September 26 and 27, they wrote that, despite the continued growth, we are expecting a correction in the near future. And they specified that the next four-hour candle is a potential reversal. In the end, this is what happened, the high was set at $66,498.

Any series of reversal signal breaks has one thing in common - they end 😁. The growth on the#BTCchart, which began on September 6, broke the reversal candlestick formations according to DeMark twice - after September 10 and after September 20. Interestingly, the asset spilled down on September 30 with exactly the same 10-day step. On the general expectation of "uptober" and the joyful exclamations of the bulls after Changpeng Zhao's release from prison. Again, "sell the events." Although there were more arguments for the third signal break, they still wrote that a decline was a priority for us.

The trigger for this decline was the inability of the bulls to break through the volume and mirror level of $65,892. Once again, it remains amazing how clearly they work. Our goal in the future is to create an indicator that will just as clearly determine volume and mirror levels. Setting them manually, and on a number of assets, is a very long (albeit worthwhile) task.

At the moment, the price is consolidating under the most important volume and mirror level of $64,129. While the price is below it and under the EMA 50 of the four-hour TF (currently $64,354), the correction continues. In fact, it has only just begun - the 0.786 Fibonacci level has been tested. Bulls have nothing to worry about while the price is above the volume level of $59,335 and the neighboring 0.5 Fibonacci level (at $59,524). We now expect to see at least a test of the $61,231 level, next to which the EMA 50 of the daily TF is located (currently $61,416).

The chance of a correction cancellation is the price returning above the volume level of $64,120. A huge probability of a cancellation is consolidation above the volume level of $65,892.

We show the situation on#BTCthrough the prism of P73 Trend & Target Dynamics. The fall was with impulses and not every TF was able to catch it before it started. But on 15-minute, 30-minute - the bears made it before the main part of the "feast".

Of the hourly TFs, the third basic target on the four-hour TF has not been worked out - $63,075.

Daily TF - the asset remains in a stable uptrend, having not yet reached the third target of $67,798.

Let us recall that the key thing about the indicator is the change of background. Triangles show the extremes of POTENTIAL reversals. Not guaranteed. These are the extremes of subtrends within a stable trend. If the stable trend is strong, after the reversal mark through consolidation, the movement may continue and this should be taken into account. According to the test results, not everyone understood this.

ps: as we wrote, we spent the weekend working with our P73 Trend & Target Dynamics. "Cosmetically" and functionally - most of what we decided to do has been done. The most interesting thing is yet to come - to implement the Higher TF Targets function. Which will allow you to see on one chart of one TF the targets of movement along the trend within the framework of higher TFs. By the way, this is a task "with an asterisk", ambitious. But after it there will be an even more ambitious one, which we will not tell you about yet 😅. The current version of the indicator was received for use by all participants of the first test, who completed the survey based on its results, until the end of the work. Alas, there are still only a little more than half of them, and everyone agreed to take it.

pps: While we were sorting through the thoughts from the questionnaires, we came up with ideas for several new indicators. But the implementation is in order.