BTC. if buyers do not keep $ 3650, I expect a drop to $ 3430

After active growth, which began on December 17th, sellers started correction. Correction began sharply after attempts by customers to update the high:
The fall looks pretty strong. Look at what small rebounds buyers can do during this fall:
When the narrow consolidation over the price zone of $ 3750-3850 began, there was a likely scenario of continuing growth from this consolidation. However, sellers break of consolidation down. It speaks of the weakness of buyers at the moment.
During the breakdown of this consolidation the number of marginal positions of buyers sharply diminished. Bbut at the moment, buyers are trying to recover their positions:
After breaking through the price range of $ 3750-3850, the price continues to move in the orange drop channel. On the other hand, during local growth such as consolidation before the fall:
The critical point for sellers is the price of $ 3832. At this price, the upper trend line of the orange channel is running and the liquidity zone begins. there will not be enough such stores to continue to grow, with which they are now trying to grow. The current growth resembles more correction after the fall.
Therefore, if buyers manage to claim $ 3832, the probability of continuing the fall is high.
However, if you pay attention to the nature of the fall, then it can be seen that it begins to freeze. Compare the two incandescent candles I've identified with the red arrows:
at same volumes of candles the different size.
This suggests that the buyer's interest in buying is now increasing and the 3640 buyers will be more than the sellers.
However, if buyers do not keep this price, I would expect a further drop to $ 3430. If the aggression of sellers does not decrease then I will consider the option of updating a minimum of $ 3040. However, it's too early to talk about it.
By the wave analysis, the last correction wave now ends:
After I understand where the price can stay, I will publish an idea with goals for growth.
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