Another higher low for Bitcoin! Soon to ramp up to 9270?

Bitcoin just put in another higher low on the hourly charts, combined with a fakeout of the symetrical triangle and a bounce of the 100 MA in oversold area. With two higher lows in place I'm expecting a move up to break the 8970 mark and maybe up to 9270 in the first instance then beyond. It looks like a golden cross is also forming on the hourly moving averages although the 100MA is lagging. If the 100 can get above the 200 by the time we break 8970 that would become strong support for a nice attempt at 9270.

I'm adding again now in a pyramiding trading strategy and will be looking to move stops up when all the hourly moving averages have crossed to the upside.

Comment:

We did get a higher low confirmation, with a nice incoming candle after the fakeout but the low was taken out. This unusual and is a really bad sign so I closed 50% of my position for a small loss. These things happen. I will await further confirmations to decide what to do next. Things can get choppy from here and so I'm happy to sit on the sidelines for now

Comment:

A few hours later a second takeout came in so I went back in again. Things happen like this sometimes, but there is never any harm for me in closing out positions and re-entering them to minimise risk. Expecting the push through resistance now after a higher high on the hourly chart and 4 hour MACDH on a buy signal again