SUMMARY
Note:
I'm on the road so short summary. Video has more details.
Overnight, price has delivered the buds of an early breakout above the blue long term resistance (white circle). It's important to understand that the seller strength is totally sapped after giving their mightiest efforts to kill Bitcoin. It's also important to understand the role of the short coverings will have in this rally. As the seller strength was sapped, the population of short sellers have increased proportionately. Their short covering or buy to cover actions should add fuel to this breakout. What's next? Price needs to stay above the blue line to rise higher to make the breakout decisive.
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