Bitcoin - Seizing a Breakout
Once buyers stepped in (we are with smart money flanking price out from the lows), this leaves total control over the channel in play. Our opponents (in this case sellers) should never have given us the chance to seize the momentum, thus with a decisive breakout over the Christmas Holidays I began "Marching Troops to the Border" ...
The theory of our opposition is totally caught off balance with just a simple technical break; previous sellers fighting for role as leader of the channel flows by using offers into resistance areas are forced into covering. Notice how the advance has taken place from a position where sellers have not been able to mount strong barriers. The bear is condemned to die for the common good.
Well done all those riding the pig, a very clean and straight forward swing so far. The entries are going to start becoming more complex as we advance into no-mans land. Another example of the break would be as follows in LTC:
We shall wrap this up on the demonstrated accumulation and breakout strategy. Good luck all those in Longs across the main Cryptos. Thanks as usual for keeping the support coming with likes, comments and etc.