step_ahead_ofthemarket
Long

BTC Breakout eminent?Next 4 hrs crucial for D,next 2 days for E!

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Key factor for any breakout- Volume .
Ever since breaking bellow 6000, we saw some volume spikes here and there, which can indicate that bitcoin may not stay bellow/around 6000 for long.
The next 4 hours would be crucial for a breakout on D, if btc can hold above the daily opening 6070(green candle). We could see a breakout happening tomorrow.
However, 5400 isn't too far away, which would be the absolute bottom that should have a very solid support.

Going through the daily indicators- MACD showing some tendency of a breakout, RSI pretty weak for now and still holding bellow the trend-line(noted on the chart, that if broken, could show a bullish potential).
Not to be too repetitive or aggravating, but daddy America for *4th of July* always brings some hope into the markets.
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Disclaimer:
//This is not a buy or a sell sign, you decide what to do with your own money!//
Comment your thoughts, or if you have anything to add/criticize folks!

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