Bitcoin CME Positional Play
This diagram illustrates the strategy of a central breakout against a retrace defence:
Bulls now have the attacking position in the crosshairs. That is a definitive advantage, but here the weakness of bears (we shall soon see why offers are "weak") will soon lead to the surrender of the channel i.e Buyers are obliged to equalise by playing the breakout.
To comfortably lean on the Long-term Macro flows.
Since the breakout of 6,213 is necessary for bulls, an exchange was the only way to prove the defence against sellers ... You should memorise this motive of forcing an opponent to make up its mind, we will dig deeper into this motive with the next few charts.
With this move and the next one a "impulsive" wave is introduced, which should be considered siding with considering the spirit of the yearly opening. Correct play consisted of buying breaks of resistance and the doubling of sizes on the next channel break, exploiting at the same time the somewhat uncomfortable position of sellers in the retrace.
Because of the current themes, the macro protects and secures a wide stretch of the flows and territory. Your urge to destroy the resistance above in BTC should extend with and Geo-political risk, in the narrower or broader sense. Eyes on the momentum breakout coming in 2020.
Good luck all those buying dips in BTC and as usual thanks for all your support with likes, comments, questions, charts and etc.