Boy oh boy are we seeing some Bullish signals.
Over the last couple of says we have seen BTC dip to $5900 USD and an inverse head and shoulders pattern form on the 4 hourly charts. Showing good signs that a bullish move on bitcoin is about to happen.
Since our last correction of BTC we have seen two major down trend lines from. The upper one is the broad trend line and the lower on is a more severe down trend line. Over the last few days we have seen BTC price action break through the more severe down trend line. This along with the inverse head and shoulders pattern has indicated that a break out would be imminent.
We then saw a tightening of the 4 hours charts and recently had the initial break out which we should see some good bullish continuation on.
Watch BTC closely. We should at least be heading towards the $10k mark and then to test the major down trend line.
Peace
Fuble
