Cryptoriate

BTC simple price technical analysis

Cryptoriate Updated   
BITSTAMP:BTCUSD   Bitcoin
On the weekly, price is stuck between 200 MA support and 200 EMA resistance. 100 MA is the next critical resistance around $5,500. The red blocks are critcial resistances. The low volume doesn't support the trend reversal unless BTC breaks above the 200 EMA with a massive volume.
Comment:
Broke above 200 EMA on weekly, let's see if this week closes above the 200 EMA
Comment:
Both order blocks surpassed and price flew to $9000 after that
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