CryptoGraphX

Another strong daily close for Bitcoin. And things have been playing out as expected for a while now. This isn't cos I can see something others can't... It is just that I'm paying attention to what is actually happening. Firstly, we broke the 6 month downtrend and everyone faded it. Why? 6 month downtrend breaks are not a nothing burger. Next, we closed the 1W back inside HTF structure and everyone faded it. Again, why? Then we closed a second week inside it, with a bullish cross now formed. And now, we have our first candle close above: - $78,700(downtrend resistance) - True market mean - Short term holder cost basis All of this is happening after heavily oversold HTF MACD and RSI. As I keep saying chads... these levels don't get broken in a strong downtrend. These kinds of resistances are key, and if price is controlled by bears, they will not get broken. If they do get broken, they wont close above. So at this stage we have had several key resistances broken to the upside and bears are still adding to their shorts. Which is what eventually leads to a massive god candle where all the stubborn bears finally get liquidated, and everyone flips bullish at the actual time the rally reaches its local peak. Anyway, after closing above $78,700 and the TMM + STH Cost basis, I am expecting the 1D 200EMA at $83,000 to be hit next, then the 1W 50 EMA at $86,000. The 3D Suptertrend is also at $85,000 so I would expect the rally to hit some decent push back there, and that is when we will see how strong it is. The trend has changed beras, you do not need to fight it. I don't see it stopping here, the 1D RSI is cool and the price has been pushing higher, resetting, pushing higher, resetting... It's all very healthy.