Daily
Looking at our trend timeframe we see price has formed a higher high low at our $6,400 level, stochastic rsi shogun momentum is starting to slow down and we should see price at a temporary hold. A daily close above $6,500 activates our trade, however if rejected at this level except our sell off to continue towards $5,000
4Hour
Shifting over to our pattern timeframe we see price stuck in consolation between $6,300 and $6,500. Stochastic RSI showing momentum is continuing towards the upside and we should be seeing a breakout, if rejected at this level expect BTC to continue to radically sell off.
Conclusion
- Buy: After Daily Close Above $6,500 / Bounce Off $5,000
- Sell: Por Que
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.