The bounces on this equilibrium set up is too predictible. I am leaning towards this bounce just being another fake out. Why? look at the bullish volume on this bounce for the day. If the bulls were confident enough that 6100 was the bottom, we'd see much higher volume. I predict a dump at some point during this equilibrium. If not, well we move towards the daily...
Here is a Higher high, lower low, Higher low, and lower high levels. Bitcoin is likely to see follow through to the upside in this tightening pattern within this upside channel and in this equilibrium pattern. We are currently closer to the top of the equilibrium so the bullish chances are better. We have just crossed on the MACD bullish. However, closely watching...