1hr BTCE - bullish price action coupled with momentum & volume

BTCE:BTCUSD   Bitcoin / Dollar
289 1 5
As has been the case for a few days now, price seems to want to work its way back into the OTE             short zone (around $600). Yet another potential bull ab=cd harmonic pattern is trying to form which furthers that argument. Momentum has recent put in a bottom and so has volume too. While we are not 'stupidly overbought' I will concede Willy is looking a bit tired. This suggests to me that yes we ought to work our way higher but by no means is it going to be in a straight line.

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I was starting to doubt my own analysis, nice to see that yours is in line with my own initial theory. Also going a bit sideways on the trend make sense now. Two of my Stoch. indicator settings where pointing out the opposite, now I understand why. One is bullish other is bearish atm. Let's see if they both line up at 600-610. Thanks for sharing your viewpoint.
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