BTC Smashes Through Log Resistance

Bitcoin has closed above the bearish log resistance trendline on both the 4 hour and daily confirming the reversal.
ABC pattern confirming the range nicely. Looking for a temporary pull back at the 9500 mark on the 618 fib ext before longs re-fuel for the next leg up.

Note

so far so good. If we close above the 272 ext and the 9k level its likely we will see the move up to 9400-9500 followed by the pullback at the 618

Note

We pushed up slightly higher than expected but overall played out well with the pullback at the 618. Hopefully we will consolidate at the 9k/272 area for a couple of days and then re fuel for the next move up

De_F4cto

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De_F4cto