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Weekly
Looking at our trend timeframe we see price continuing to respect our downtrend, stochastic rsi showing momentum is in favor of bulls. Last week’s candle showing a little of exhaustion, will take a look at smaller timeframes for entry.
Daily
Shifting over to our pattern timeframe we see resistance has been found at 3071650 satoshis, stochastic rsi showing momentum in favor of bears. A daily close above 3071700 activates our trade, however if rejected at this level expect our sell off to continue towards the bottom of our trend at 2000000 satoshis. Until then we sit on our hands, and let price do it’s job = Easy
Conclusion
- Buy: After Daily Close Above 3071700
- 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.
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