CRInvestor

1hr BTCE - bullish price action coupled with momentum & volume

BTCE:BTCUSD   None
5
As has been the case for a few days now, price seems to want to work its way back into the OTE short zone (around $600). Yet another potential bull ab=cd harmonic pattern is trying to form which furthers that argument. Momentum has recent put in a bottom and so has volume too. While we are not 'stupidly overbought' I will concede Willy is looking a bit tired. This suggests to me that yes we ought to work our way higher but by no means is it going to be in a straight line.

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