Bitcoin Weekly HTF Analysis
1: Closing a weekly over 9591, the mid-point will take us towards 11.5
2: Once we get to 11.5, if 9591 on the weekly is not tested before the move up, we should see a significant retracement
3: Getting over 11.5 one final time after the retracement to 9591, we should see some sort of rejection from 14K and then a retracement back down to 11.5 - to confirm if the bull/bear market EQ is properly gained
4: Thereafter I see us hitting the long-awaited zone at 17.5, which is the failure move. Once gained, we can see Bitcoin finally making a new TREND, breaking away from the 2 years long down-trend LEG
2: Once we get to 11.5, if 9591 on the weekly is not tested before the move up, we should see a significant retracement
3: Getting over 11.5 one final time after the retracement to 9591, we should see some sort of rejection from 14K and then a retracement back down to 11.5 - to confirm if the bull/bear market EQ is properly gained
4: Thereafter I see us hitting the long-awaited zone at 17.5, which is the failure move. Once gained, we can see Bitcoin finally making a new TREND, breaking away from the 2 years long down-trend LEG
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