The Case For The Bitcoin Momentum Change #btc

Weekly Chart The Momentum 8 over the 13 averages. Higher low long term significance.

The Daily Chart with previous high breaks above the short higher low consolidation. Important to note the previously mentioned reversals. the hammer knocking out the bottom and the inverted hammer over support.

The 4hr Intraday chart clearly shows the consecutive reverse head and shoulders reversal price patterns. consecutively at a higher low.

The 60m Intraday chart. important to note the previous high break and the bullish retacement consolidation phase.

the longer term charts carry more importance to direction so we are waiting for the push across the 7500 mark. appx. Long term support is holding. Anything can happen so we can say the probability of a momentum change is getting higher everyday.

My bet is a significant pop in the BTC price.