The price action is once again peeking above the top trendline of the falling broadening wedge (in turquoise). If we can sustain this and close 2-3 4hr candles above it then I expect a big move upward. We will at the very least form another higher high in our higher low/higher high series to keep the bulls in control if we break above but I anticipate a confirmed break above this wedge(which has been acting as the handle to the Eve cup) will take us as high as 8k and potentially all the way up to the neckline of the adam and Eve double bottom...need the confirmation closes and a boost of bull volume first though to confirm the breakout though. Things are looking good and we've had a few good bullish news stories about ETFs and the SECs comments about bitcoin not being a security today so I have a feeling the sentiment will remain bullish. Because of these factors I'm gonna go ahead and list this as long...however I'm still keeping an eye on that potential head and shoulder pattern I have much more faith in the bulls. We also have consistently bounced upward off an upward slanting support line on the 4hr rsi as well and have once again bounced up from it this time around the 42 range.