πŸ‡ΊπŸ‡ΈTrading Algorithms | Solution for traders
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There used to be a seller, but judging by the delta, they are no longer present. πŸ“‰

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Sellers worked quite well πŸ”₯, but it is still not enough for a full downward reversal ⬇️.

HOWEVER, scenario 1 has become riskier at the moment ⚠️. I would consider only scenario 2, where there are more chances πŸ‘, less risk 🎯, and greater potential πŸš€.

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I think we will get stuck in this range πŸ“‰πŸ”„

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Over the past 24 hours, news related to this cryptocurrency has been released πŸ“ˆ. A sample of the news background over the last 45 days about it.

Red histogram πŸ“Š – negative news dominate.

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The buyer continues the uptrend πŸ“ˆ. The seller failed to resist around 111.8k, resulting in a slight pullback downwards β†˜οΈ, after which a new long pattern appeared at 111.1k, and we see a new upward impulse with a buying climax πŸš€.

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Fresh zones with the seller trapped 🎯. 111.2k is currently the relevant local support πŸ›‘οΈ.

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Buyers' pressure continues πŸ“Š. Currently, the relevant support is around 112.4k.

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πŸ”‘ The key, more global support zone is around 111.5k. If we break it, the correction may continue down to 108k. Until this support zone is broken β€” buying remains the priority βœ….

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A news flow showing the sentiment from news related to Bitcoin. Again, we see on the daily chart spikes of negative news around price lows. πŸ“‰

There is strong logic behind these actions β€” it is manipulation of retail traders subscribed to the most popular news channels (total audience over 2 million). This is how manipulation works, and these charts demonstrate that the theory is confirmed in practice. πŸ”πŸ“Š

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🎯 The first target has been reached since the last video review. Now the question is whether there will be a pullback down or if we will continue to break higher levels. πŸ“‰πŸ“ˆ

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The seller took the initiative in the middle of the day πŸ“‰.

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So far, the seller's attempt to reverse mid-day has failed πŸ”΄. The red marks indicate where the buyer is located and where the seller got locked in. If the 112.7k level is broken downwards πŸ”», we will get a situation where a large buyer falls into a trap πŸͺ€. Therefore, below these levels acceleration can be expected πŸ“ˆ, but for now this zone will act as support πŸ›‘οΈ.

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The buyer tried to break through the resistance, but lacked strength πŸ’ͺ. We see buyers' stop orders triggering on the support breakout πŸ“‰. For now, the seller controls the situation πŸ›‘.

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