Bitcoin Trade Alert

0040 CST

Bitcoin has completed its task of giving breathing room to the entry at 41000 from last week.

I believe it is rising out of… 40 week cycle low having formed in February or March… it is unclear, but it is melting up peaks, and the sellers are leaving.

• The 40 week downward VTL is broken by price as of now…

• The 80 week FLD has just been broken by price as of now…

Hurdles exist at:

• Major Low Volume Node (LVN) at 45565

• Overhead resistance at 40 day VTL at 45000

Exits:

• Value Area High is at 54100

• Various FLD projections saying 54000

Bitcoin Volume Profile

Conclusion: Prepare for a major move to the upside