Bitcoin (BTC/USD): Evening Analysis, Continuation It Is…
Daily
Looking at our trend timeframe we see BTC pushing towards $6,200 support, stochastic rsi showing momentum remains favor of bears. A daily close below $6,200 and expect our sell off to go towards $5,500.
4Hour
Shifting over to our pattern timeframe we see price is now looking to form a lower high at $6,400 and we should expect some more bearish momentum. A 4hour close below $6,400 and expect our sell off to continue towards our $5,500 support zone. A 4hour close above $6,500 and expect a push towards $6,900 only to be followed by more selling off.
Conclusion
- Buy: After Daily Close Above $6,500
- Sell: Nooo
Comment Down below what coin you want me to do next! ;)
Thank You for Your Support, Upvote and Follow!!! New Blog and Video everyday
Social Media:
Twitter
Instagram
InvestFeed
Tradingview
Crypto Trading W/ Leverage
How to Draw Trend-lines & Identify Trends
How to Draw Support/Resistance, Price Only
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.