BTC zoomed out looks like a giant breakout trade. The monthly structure on Bitcoin looks like a classic breakout setup. First leg is the breakout, second leg is the first retest, third leg expansion. The second leg becomes internal range liquidity (IRL), and this gets swept before the real move up. If this happens on the lower and middle timeframes, I wouldn't hesitate to take the breakout long. Now, it's happening on the monthly timeframe. This could get interesting.(Lennaert Snyder)