Technical analysis by ZorgOros about Symbol BTC on 7/22/2021

ZorgOros

as long as we are in this bearish channel, we are in a bearish/sideways trend, for me first bullish sign is to break and retest this channel.1st target: top of the bearish channel 2nd target: purple static channel midline 3rd target: top of the purple static channel in my opinion, we are still sideways, all these days was just a minor motion in the market. it's just my ideaFibo 0.5 and 0.68 are 2 important areas that could indicate the supply and demand zone, passing 0.5 and breaking 0.68 for me is a short-term bullish sign, and otherwise reacting to 0.5 and failed to break out would be a short-term bearish sign for me. Daily time frameding ding ding , as I expected, the price broke up, now it depends on on-demand power, there could be a pullback to the bearish channel to confirm the break . let's see what will happen there is 3 possible scenario for me15m time frame , hidden divergencehell yeah, will we reach the next target or no? from rsi perspective in a daily time frame, we have enough power to go there but in lower time frames we need to rest for a couple of candles to gain power .