BTC failed to consolidate above the EMA 50 of the four-hour TF and the volume level of $95,665.
This TF remains key for the assessment. In general, the situation is within the framework of the reviews of the last days. And within the framework of the expectation of a range after active growth.
Support (and targets for correction) for volume levels are still the same:
- $94,199,
- $93,610,
- $92,226,
- $91,766,
- $91,306,
- $90,563,
- $89,365,
- $87,684,
- $84,737.
The level of $91,306 remains an extremely important support. If it is broken, the probability of working out the subsequent ones increases many times over. All or, at least, most of them.
Yesterday in our chat they wrote - considering that the price of#BTCis still repeating in miniature the movement of March-October, we are expecting the same scenario:
- decreasing highs and lows,
- a dump at the moment on some kind of "mini-"August 5", FUD-reason.
We are expecting a potential low on the 12-hour or daily TF from our Strong signal indicator. In the first case, the low in this decline can be set on December 4-5. In the second - December 9-11. We are expecting the second option, but there is nowhere to delay - Santa Claus rally is on the doorstep and there is no reason to believe that it will not happen.
There is no point in talking about the scenario of an early end of the correction until the price according to our indicator has returned to a stable uptrend on the hourly TF.
