Daily
Looking at our trend timeframe we see price once again rejected by our $7,600 resistance, and momentum has now shifted towards the downside. Expecting price to fall and hold at our $6,800 support, giving our inverse head and shoulders a confirmation of support before extending towards the upside. However if we do not hold at $6,800 expect BTC to fall towards $5,000.
4Hour
Shifting over to our pattern timeframe we see price rejected at $7,500 and is now attempting for the third time to break through $7,500. A rejection from this level and we should see BTC retest our inverse head and shoulders for support, followed by a push towards the upside. Overall I am short term bearish on BTC until weekly shows clear reversal.
Conclusion
- Buy: After Daily Close Above $7,500
- 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.