kuheida

BTCUSD *1W* - Longer time frame outlook

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Would like to see this week close above orange zone that we are sitting just above to go on to test next area. If rejected, will look for shorting opportunities to low $5k's. Overall neutral until we see a higher high (>$10.2k).
Trade active: So we closed the weekly candle above the orange zone, and within a few hours of this have bounced a further 5% up in price. I will now be watching the price action between $6700 and $7300, looking to long any bounce of $6700 as we have been trending up in the short term.

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