BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Price between 50sma & 100sma
Price will breakout from sma's

Long Trade
Breakout above 50 sma
1st Take Profit Range Top @11712.3
2nd Take Profit Swing High @ 12909.3
Short Trade
Breakout below 100 sma
1st Take Profit Range Bottom @ 10457.4
2nd Take Profit Swing Low @ 9518.1
Comment: Inside range price at bottom starting making higher highs/higher lows as it moved from the bottom of the range to the top. Has broken above range top level but not making new highs for a bullish continuation.
Comment: Pair tried a bullish range breakout but failed
Pair has made a bearish range breakout
Price moving towards take profit

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