Trading Alpha has turned bullish on the daily chart, and gave the signal early in the candle that things were about to get spicy. As you can see, there was a yellow squeeze shade and then a grey arrow, showing the volatility would be to the upside. What we ended up with was a move through the track line and a huge candle spread. Nice.

That said, this is STILL CHOP IN A RANGE! The equilibrium of the range (the dotted center line) is still looming above as resistance, and would be the reasonable target for this move for now - around $67,000. Lower time frames are already overbought and showing potential bearish divergence, so I refuse to get too excited. I will save that for a break of the all time high, whenever it comes again.

Either way, it was nice to see bulls step up yesterday, I would love to see them continue to press.