Daily
Looking at our trend timeframe we see price has remained the same, stochastic rsi showing momentum in favor of bears. Still waiting for a close above $6,500 to activate our trade, until then sitting on my hands.
4Hour
Shifting over to our pattern timeframe we see price has resistance at $6,350, tested and confirmed. Stochastic RSI showing momentum was in favor of bulls, however higher timeframe showing otherwise. Not looking good for BTC, a 4hour close below $6,300 and expect our sell off to continue towards $6,000.
Conclusion
- Buy: After Daily Close Above $6,500
- Sell: Por Que?
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.