Daily
Looking at our trend timeframe we see price continuing to respect our bullish ascending wedge, stochastic rsi showing momentum continuing in favor of bulls as well. A daily close above $7,300 and we should a break towards $7,700, however if rejected at this level expect a sell off towards $7,000.
4Hour
Shifting over to our pattern timeframe we see BTC is currently testing our resistance at $7,400, stochastic rsi in favor of bulls. A 4hour close above $7,350 activates our trade, however if rejected at this level we could be seeing a sell off towards $7,000. Higher highs and higher lows continuing to form, leaning towards a breakout.
Conclusion
- Buy: After Daily Close Above $7,300
- Sell: Nooo
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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.