- Broken above the long term
- Last time we broke above and held here, we retraced back to the bottom of it
- Have created a new channel above this time, similar to last time (around Aug-Sept)
- is sitting on 80 level - last 2 times we were here we had a pullback
- Also Divergence on lower timeframes but when BTC is this , it doesn’t really care about divergence, just another thing to factor in
- I’m sitting out until we either create a new LL and LH on the 4 hour TF which will present a short opportunity OR we break above current resistance and run to the next level.