Welp, this is the 1st structural signs of life I have seen in BTC in a long time. There is almost zero chance she can go make a new low any time soon. At worst she goes sideways. At best she works through this blue down channel, and takes a solid rally. Either way. Shorts should be closing. And long positions should be opened. Breaks over $85K become Uber bullish. But we are also right now Uber bullish short term.
Trade active
So BTC has now moved into the break out warning track area. Location is screaming , break out. But the wave form looks like a bunch of weak 3 wave forms. So I am thinking higher prices, that still end up eventually leading into another low. Could also be the fake sucker pump. Not sure. But what I am pretty sure of , is higher prices are coming immediately from here. And then should top , and head to a new low. Lets see if that happens. Targets for the coming local high would be near $96,400 or so. Note
Technically the title of this chart is now that great. As I dont think BTC has bottomed. It was more click bait than anything. But Trading View does not allow edits, and I am not going to re post all this just to correct the title. Next time, no click bait title. 
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.