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cybernetwork

BTC weekly Chart: A return back to a long-term bullish-trend.

Long
Bitcoin (BITSTAMP:BTCUSD)  
cybernetwork Updated   
BITSTAMP:BTCUSD   Bitcoin
Support and Resistance Head and Shoulders Moving Averages
5
0
supportandresistance headandshoulders movingaverage
After the bullish break-out of the crude inverse head-and-shoulders pattern (suggesting momentum reversal) as well as the 200 weekly SMA (thick orange line) in March, following a retest of the 200 weekly SMA, BTC appears to have returned to a long-term bullish trend.

Important levels to consider next are the dotted horizontal red-lines as indicated on the chart.
Comment:
The FG{50/15} indicator on the mthly chart have turned green again.

snapshot
Continued from:
Waiting for Fusiongaps {50/15} histogram to return to green.
Comment:
Weekly Chart Zoomed out 1:
snapshot


Weekly Chart Zoomed out 2:
snapshot
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