Sell zone on 30m, 4H, 2H, 1D Please see all zooms in comments
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Also on 15M
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Scenario deleyed
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Short, question is it Today?
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I think that due to no impulses when price reached the falling linear regression on 4H, it will go in accordance with the (statistical) linear regression direction. That Is it will start to bleed out short.
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If it goes thorught the 4H then it will try to confirm the red level and probably fall down. Of course nothing is 100% sure :)
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We are now on a buying side of 4H and so the situation is not the clear anymore. New month is to come. This red line is our regression on 1D. This is our resistance. As we have moved to the buying side on 4H we may go there and then fall really hard like this or for some reason just ignore te fact that we are on a buying side of 4H and kick through the regression line of 4H and go lower. Either way I'm the momentum seems to pull us lower like if bitcoin was lost long term (maybe BCH will replace it?)