Breakout within rangebound market - BTC supported by 40k shorts

12 apr 2018

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

12 apr 2018

Nota

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

12 apr 2018

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

12 apr 2018

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

12 apr 2018

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Correct chart

12 apr 2018

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Correct chart

12 apr 2018

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Few shorts closed

12 apr 2018

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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.

12 apr 2018

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Confluence of resistance levels playing out in 7800-8000 range

12 apr 2018

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First stop for retrace 7600

12 apr 2018

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Look for weekly resistance providing support

12 apr 2018

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Example of a play to make with the former retrace setup

12 apr 2018

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

12 apr 2018

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75% of shorts liquidated - Tradingview delayed reporting

12 apr 2018

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Converted to watching a descending wedge

12 apr 2018

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

12 apr 2018

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Breakout - stop out would be a good play

12 apr 2018

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Stopped out by Kijun aswell (blue line cross)

12 apr 2018

Nota

Expecting small pullback but long is in play

12 apr 2018

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Incoming test of support

12 apr 2018

Nota

Breakout - long is still in play