Bitcoin (BTC/USD): Evening Analysis, Continuation It Is…

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BTC Evening Analysis .pngBTC Update.pngBTC D.png

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.

BTC 4H.png

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.

Link To Chart

Conclusion

  • Buy: After Daily Close Above $6,500
  • 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.

Bitcoin (BTC/USD): Evening Analysis, Continuation It Is… | Ecency