Bullish weekend with a few green days in a row now. The daily lower highs breaking is increasing the odds of the 3D inverse head and shoulders we have been watching for over a week. Bulls now have enough space to also be looking for a daily higher low when we do top out. A few % away from also breaking the pattern of a lower high every month, giving us the monthly higher low in the longer term equilibrium we are watching for.
Is BTC going up because of geopolitical conflict with US and Iran? Maybe. It is potentially a self fulfilling prophecy that is in like with the "perceived value" topic I talk about in the video added to our youtube channel yesterday: What does "Priced In" Mean?
Note ETHBTC and LTCBTC are also seeing daily trend changes and follow through on this move, keeping alt coins a bit stronger than BTC as they look to try and negate the weekly bear flag setups.
Bulls are shaping up but they still have a bit further to go for us to clearly see the shift to a bullish uptrend in the crypto space. If not in at this point, bulls are watching for a daily higher low to make an entry.