RobertBennett

BTCUSD Potential Breakout

Long
RobertBennett Updated   
BITFINEX:BTCUSD   Bitcoin
Potential BTC breakout in the next coming weeks. Strong bull bias as you can see clear seller exhaustion over the past several months and weekly support being respected nicely. Market has broken structure on the Daily time-frame with a ema/ma cross showing strong bullish momentum. Last thing I would like to see to complete my analysis is a ema/ma cross on the weekly and break of structure at 7472.8.
Comment:
BTC Weekly Support still holding nicely and ranging on lower time frames. Original analysis still looking good. Still like to see an ema/ma cross on the weekly and break of structure.
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