#Bitcoin 4h Pin Bar

If you trade pin bars, you notice a perfect bullish pin bar formed on the bitcoin 4 hour chart. The tail bounced Perfectly off resistance. This bar pattern coinciding with the slow Stochastics show a dip into the oversold territory and back above 80 , And now appears the K line is about to cross back over the D line indicating a rise in price. As far as the price goes in the next couple weeks, we'll have to see how it reacts to this descending triangle and where we come out at... for now, I think we're heading for 33.5k in the immediate future.