Hello everyone. Lets look at 4hour picture of BTC/USD. Last 4-5 weeks we were moving in a upsloping range with a little compression to the upside. Every time bulls tryed to break the main resistance level they failed. Thats shortening of thrust and maybe for someone that looks bullish but accidentally the bears won the race with their last reaction to the downside that ended with SOW few days ago (17th of august). Then we see how weak are bulls at this level. They almost retraced 0.5 of the breakdown bar and that is it, they didnt have enough strenght to overcome it and take the price back into range bound conditions = bearish. So Todays impulse is not done yet. We reached our first minimal target - zone 21600-21400 (if we count at p&f chart from bc (11th of august max) to utad (15th of august). Our second target is zone 20400-20600 (if we count at p&f chart from bc (11th of august) to lpsy (17th of august).