BTC is still showing bullish trend on the short term hourly and four hourly but on the daily its bearish. i marked an ascending triangle idea just to see how it plays out. volume is dropping but bears are exhausted, plus we bounced of the 200 sma that i would think its the absolute bottom for now even if we do end up with a double bounce. so many resistance levels...
I can see a possible inverse H&S patter forming on the 4 hourly. RSI shows some room to move, Good volume that we haven't had for a month. i'm not convinced yet but a break of the neck at ~9200 could indicate further signs of recovery,.
I think a lot of bulls are still waiting for a double bottom with lower low and higher high. i mainly want to publish this so i...