This video recording is an attempt to explain what I take from the charts, historically and how its applied to the past few months and this breakout.
JUST A NOTE on sound recording: I'm hoping the sound comes across as when I play it back, its was ok however with my other previous video recordings last year, people complained that there is no sound. Maybe its the volume setting, so please, if you don't hear anything, turn up your volume more. I couldn't explain why this happened last time, and by publishing this, I will find out if I have fixed the issue.
As I explained in the video, here are some reference material to this video:
Previous reference charts to this video post (extracted from updates on my previous posts) >
Previous post on BTC using Bump and Run strategy >
Note
Here is a thought, if this holds, does it mean we are back to the original bottom trendline at the macro level that has been holding true for years.?
Note
I should have added this component to the video as well to demonstrate what are difficult level it is to pass. If we stay in this range after the 2nd reject (if it fails and its most likely to) then the 3rd attempt should pass. Hence why I said in my other post and video, we need to watch the daily, 2D and 3D indicators.
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