Nice bullish break here puts us over both the 4hr 200ma(in blue) and on the 1day chart(not shown) we have now gone above the 1 day 50ma again which is a fantastic sign. The 1 day candle also looks very likely to close as a big bullish engulfing candle as well which should lead to more upside. Another bullish signal is the fact that it looks likely we may see a golden cross on the 4hr chart within the next few candles. We are also currently in a higher high/higher low pattern on the 4hr chart and looking to follow up the recent higher low with a higher high. To achieve the higher high we will need only to reach around $6840 which judging by our recent bullish breakout is very possible...in fact I think we will likely find our price action heading all the way up to test the top trendline of the current ascending channel we are in (in red) before dipping back down to hopefully simply form another higher low and continue the bullish pattern. If we can eventually break through 7k that will be a really big sign that the bull market may in fact be imminent. We are still awaiting a golden cross on the 1 day chart but staying above the 1 day 50ma will be crucial to speeding up the arrival of such a cross.