BTC long opportunity

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
As we can see, Bitcoin has experienced an increase in buy volume over the past few days. If you look on the weekly timeframe , we're only a few hours away from a strong looking bullish weekly candle close. If we do in fact close with a strong bullish weekly candle, I will be looking for price to make its way down to the 50% area of the last bearish weekly candle before continuing upward. If you zoom in to a daily and 4H perspective, it would make sense for the institutions to shake out all the late buyers and mitigate their sell positions before accumulating more bitcoin . If price trades below our stop loss, I will be more inclined to believe that price could go all the way down to 20k before developing a new strong support again.