Daily
Price has found support at $6,500, waiting for a daily bullish engulfing close above $7,000 before moving any position. As shown in the picture last time we were at this price we saw a jump from $6,500 to $11,000. Will price behave the same?
4Hour
Switching over to the 4hour chart we can a double bottomed has formed in our support zone. Minor Resistance zone has been broken, still waiting for the push above $7,000
Hourly
Trigger timeframe shows a clean break through our resistance, and is currently being tested for support. Expecting a drop to $6,700, where I'll be waiting for a confirmation of another push towards the upside. *If price does not hold at this level except a drop toward $5,000 zone.
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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.