Daily
Looking at our trend timeframe we see price has found support at $6,200, stochastic rsi showing momentum remains in favor of bears. Daily resistance at $6,500, A close above this level activates our trade. If BTC is rejected at this level expect our sell off to continue towards $6,000.
4Hour
Shifting over to our trigger timeframe we see resistance at $6,350, stochastic rsi temporarily in favor in bulls however we are starting to see a shift in favor of the bears. A 4hour close above $6,340 activates our trade, however if rejected expect a lower low to form at $6,000.
Conclusion
- Buy: After Daily Close Above $6,350
- 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.