Update on previous idea attached.
Bitcoin keep advancing higher in to red resistance scd band on 4hr time frame.
On smaller time frame I observed more sellers around 31000 level and add to sell at 30955
Reasons on smaller time frame : candle #1 open with gapping down and closed all the way down red, candle #2 open higher but closed all the way down red, candle #3 open higher but closed all the way down red , candle #4 open higher but closed all the way down red. Only candle #2 has some buyers- little tail on it, but rest closed solid red flat bottom.
Also on the way up i can see sellers start stepping in on candles #5 and#6 – huge gapping down.
I soLd more after candle #4 closed solid red down.
Let’s see what next.
Also on 2 min chart green candles started the move up but they opened with gapping down between.