Weekly
Looking tour higher timeframe we can see price is currently at a very critical point. Last time BTC was at this price we had radical jump from $6,000 zone up to our all time high, followed by two more occasions where we tested our $6,000 zone and jump to form lower highs. Stochastic RSI also showing momentum is starting to slow down. Weekly resistance shown at $7,500, expecting a push to this level followed by a rejection.
Daily
Shifting over to our pattern timeframe we see price is respecting our design wedge pattern. Price remaining in a tight consolidation zone $6,500—$6,800, a daily close above or below our levels indicates our next direction. Stochastic RSI showing momentum is looking extremely bullish although price shows indecision.
Conclusion
- Buy: After Daily Close Above $6,800
- Sell: NO
Comment Down below what coin you want me to do next! ;)
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Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.