It looks like we have a change in character (wave flipped bullish) in the 1H for this local bottom. We shall see a rally from here.. but who knows?
Bitcoin is fitting the patterns of Wychoff's Distribution Schematic #2.. let see if it can follow thru.
My interpretation of an ascending triangle on the 4H Bitcoin chart, which has a 70% probability of breaking to the upside. Waiting for 3 indicators to make this happen. 1. Stochastic indicator to reach around 90+, and 2. Volume to spike on the current candle, and 3. CMF to spike.
FCG: FIRST TRUST NATURAL GAS ETF The ETF is just coming out of the lows and it has formed an ascending triangle. It is testing the resistance breakout trend line again. After a successful breakout, it should retest the trend line as support and eventually reach the target price of ~$22 which is about a 25% from the breakout point. The Oscillators also look good to me.