Weekly Analysis

Weekly AnalysisLeçon 5 sur 105 min de lecture

A clean path

The first market of the pass, where a monthly level broke and nothing sits between price and the level above it, and what an empty path does and does not tell you.

The first market is bitcoin, read from the monthly down.

What the monthly did

Price closed above 69,400, the last monthly swing high, and has held above it since. That close is a break of structure on the slowest chart in the pass.

Bitcoin now trades at 70,200, just above the level it broke.

A monthly close past the last high, with price still above it.

What is above

The nearest untested high above price is 73,800. Between 70,200 and 73,800 there is no block and no empty range marked on any chart in the pass.

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