Bitcoin (BTC/USD): Evening Analysis, Put The Future Behind Us…
Daily
Looking at our trend timeframe we see price continuing to sell off since finding resistance $6,750. Stochastic RSI showing momentum in favor of bears, with no signs of slowing down. Will be watching for a reversal near $6,200, if no reversal at this level expect our sell off to continue towards $5,500.
4Hour
Shifting over to our pattern timeframe we see price has found temporary support at $6,300, stochastic rsi showing momentum shifting in favor of bulls. A 4hour close above $6,350 and expect a push towards $6,500, however if reject at this level expect our sell off to continue towards $5,500.
Conclusion
- Buy: After Daily Close Above $6,350
- 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.