The bounce into the bullish order block created bullish regular divergence on the CMF and RSI, along with a weaker bullish divergence shown on the OBV. This type of divergence is often a sign of trend reversal. We have also seen an inverse head and shoulder pattern break out—currently retesting this breakout potentially confirming an entry for the bulls.
Having held above the red slow MAs is also a great sign, and this would be a bounce from that area. Always be on watch for stop hunts to liquidate high leverage positions. This will have a short term bearish effect on the alt markets, further confluence for the ETHBTC idea shared earlier.
I am looking for entry opportunities to leave buy orders in alt markets.