High-timeframe (HTF) Technical Analysis
-Breaker order block and imbalance (supply) are below the current BTC price and need to be tapped
-THERE IS A CHANCE THAT THIS DIP IS THE UPTHRUST AFTER DISTRIBUTION (UTAD) IN THE HTF WYCOFF CYCLE WHICH IS SORT OF FORMING (there was a weak automatic reaction after the selling climax and no prices were tested even...
I've put forth so much knowledge into this analysis. The only thing to watch for is a convincing break below 39.5-40.5k and one below 38k. Other than that, we're golden.
The pink line represents long the long-term point of control, we see the bars met resistance exactly where they should have.
There was powerful momentum that broke through the resistance @ $2,231.
Bullish divergence on CCI + EMA, and I imagine RSI + MACD will follow soon. CCI has broken historical highs and recovered quickly.
