Breakout within rangebound market - BTC supported by 40k shorts

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Range i've been watching playing out - added upside range on breakout - chart for future reference and follow up
Uwaga
Smashing up on weekly resistance - going through will further fuel short term upside

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Uwaga
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Confluence of resistance levels and 1hr cloud - just a small hurdle for this move
Uwaga
8k taken - no stop in sight - liquidations will come

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Uwaga
Correct chart
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Uwaga
Correct chart

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Uwaga
Few shorts closed
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Uwaga
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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Uwaga
Confluence of resistance levels playing out in 7800-8000 range

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Uwaga
First stop for retrace 7600

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Uwaga
Look for weekly resistance providing support
Uwaga
Example of a play to make with the former retrace setup
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Uwaga
Watch this flag carefully to stay safe - though 8k provides upwards resistane
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Uwaga
75% of shorts liquidated - Tradingview delayed reporting

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Uwaga
Converted to watching a descending wedge

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Uwaga
Could also stop out with a close outside the Kijun (blue line)
Uwaga
Breakout - stop out would be a good play

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Uwaga
Stopped out by Kijun aswell (blue line cross)

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Uwaga
Expecting small pullback but long is in play
Uwaga
Incoming test of support
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Uwaga
Breakout - long is still in play

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Chart PatternsTrend Analysis

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