Bitcoin Bounce BTCUSD "Oversold on the Hourly"

Bitcoin BTCUSD looks to be oversold on the hourly stochastic. We have a rotation back up and I am looking for a bounce. It looks like we have a X mark the spot set up where we have a rotation on the stochastic and support of a lower channel line.

Trade active:

Bitcoin BTCUSD trade is still active. It has hit our entry. We got a little bounce and a pull back to our channel line. The channel represented support again and we are seeing a bounce off the channel line. The hourly stochastic is still positive.