BTC Significant Recovery After the daily bear break and loss of the uptrend, BTC bulls are making an impact with a significant recovery back towards resistance levels.
The hourly RSI is fairly high at this point, so we are watching for a healthy 4 hour higher low to form.
The bulls continue to prove resiliency over the last couple months, increasing the odds of a weekly bull break.
LTC bulls have a very strong daily chart and I am personally looking to establish a position there for a move into the mid $60s if we see BTC break $4,239 resistance.
If BTC Loses the hourly uptrend, we will be looking at daily tightening ranges into the weekend.
A good number of bears that entered on the recent weakness and continuation, have been stopped out.
