Long

Breakout within rangebound market - BTC supported by 40k shorts

Updated

Range i've been watching playing out - added upside range on breakout - chart for future reference and follow up

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Smashing up on weekly resistance - going through will further fuel short term upside

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Confluence of resistance levels and 1hr cloud - just a small hurdle for this move

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8k taken - no stop in sight - liquidations will come

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Correct chart

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Correct chart

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Few shorts closed

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Amount of shorts put in the 6k range since the 3th - currently feeling more and more pain. All shorts need to be bought up.

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Confluence of resistance levels playing out in 7800-8000 range

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First stop for retrace 7600

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Look for weekly resistance providing support

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Example of a play to make with the former retrace setup

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Watch this flag carefully to stay safe - though 8k provides upwards resistane

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75% of shorts liquidated - Tradingview delayed reporting

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Converted to watching a descending wedge

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Could also stop out with a close outside the Kijun (blue line)

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Breakout - stop out would be a good play

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Stopped out by Kijun aswell (blue line cross)

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Expecting small pullback but long is in play

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Incoming test of support

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Breakout - long is still in play

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