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BTC Roadmap

how come we are here? and for how long?

what if the bulls stretch the resistance?!

in the above chart, you can see how the resistance got violated and how it's holding the current price action down in the red zone.

This zone is not a strong zone as on the 3D chart you can see we are still in the cloud and what currently is showing is a bearish Doji as a fake breakout of the cloud.

On April 28th we recorded a strange 50 million buy volume which disturbed the bearish divergence on the hourly chart and gave the premium their confirmation for their bullish position.

As expected the price broke the bearish scenario and broke the resistance to the top of the channel.
volume

( with the breakout over 8420 our BTC safe range for alt trades got violated.)

The trend is bullish and price action above the cloud indicated the R1 to be tested.
The halving will take its effect but if average FOMO can push the price over the longterm resistance we can expect the euphoria to be alive for a few days before the all-time crash only to get rebounded.

In case we do not break the long term resistance the scenario is an inverse h&S to come
the best strategy is to distribute your long leverage trades like land mines over R1 and R2.

Keep an eye on BTC bull trailing cryptos such as NEO & ETC.

Cheers and may your likes bring you bulls and save your SL's.

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