Daily
Looking at our trend timeframe we see price continuing towards the downside , stochastic rsi showing no signs of slowing down. A daily close below $7,500 and we should expect BTC to retest our $6,700 breakout zone, however if we see a radical push and close above $8,200 expect BTC to run towards $9,600. Will be watching smaller timeframes for reversal.
4Hour
Shifting over to our pattern timeframe we see price broke its uptrend structure and is now starting another minor downtrend. A 4hour close below $7,500 looks prominent, and we should expect bearish momentum to continue. A retest of our inverse head and shoulders would be the ideal entry, however a 4hour close above $7,800 and we should see another BTC extension towards the upside.
Conclusion
- Buy: After Daily Close Above $7,800 / Bounce Off $6,700
- 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.