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BTCUSD - Weekly Stoch RSI analysis

BITBAY:BTCUSD   None
For investors, the weekly timeframe seems to provide the best signals for entry. We can see that hidden bullish divergence appeared on the weekly timeframe with a leg up over the past 10 days or so. Weekly Stoch RSI has cooled off boucing off the overlayed 21EMA. On the charted exchange we are also seeing a cross to the upside, but other exchanges havent developed this yet. If we can get a weekly close with a cross up and holding the 21EMA, we look good for a continuation to the upside. However, if we dump from here and close below the 21EMA, a big sell off might ensue.
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