XBT broke the steeper short term trendline, but A bullish engulfing on the next candle indicated a fakeout. The bounce off the flatter longer term bullish trendline gives confidence it may be on the up. I've set my stop loss below the trendline, with a TP at previous structure.
XBT is still follwing the right shoulder trendline of the IHS, This should either confirm or reject within the week. If confirmed, it is likely to run up to 5308, however, this may take up to a month. On the one hourly it appears to have formed a morning star off support, so may well run to the next reistance. the RRR is too small to trade though.
XBT appears to be respecting the short term Bullish trendline that began Dec 15th. It appears to be forming a head and shoulders, which if complete will likely see a run up to the long term bearish trendline. At the moment I'm waiting on a close above 4h Res, in which case I'll long to daily Res, or a break beelow the trendline for a possible short.