As we have been watching BTC for the past weeks in what I have been describing as the feverish part of the uptrend it appears we are at our next point of decision. Full on brake down OR our next push up.
Looking at the hourly oscillator and the local price action on the hourly we appear to be primed for another push to the upside. Oscillator is looking like it is ready to rotate to the upside with a few trigger waves right where we would expect a local bottom. Local price action is also forming a familiar reverse head and shoulders pattern with a target level of 46k. Personal target is 45500.
For further confirmation is may be wise to wait for the current local down trend to actually brake and a retest of that brake would be even better.
Trade Well.....
Looking at the hourly oscillator and the local price action on the hourly we appear to be primed for another push to the upside. Oscillator is looking like it is ready to rotate to the upside with a few trigger waves right where we would expect a local bottom. Local price action is also forming a familiar reverse head and shoulders pattern with a target level of 46k. Personal target is 45500.
For further confirmation is may be wise to wait for the current local down trend to actually brake and a retest of that brake would be even better.
Trade Well.....
