TA :
Weekly—It shows clearly low high at 20k, 16k, 12k and 10k. It has bottom resistant at 6k area. It shows a descending pattern. (not good for long)
Daily—it bounces at 6k support, which could be temporary bottom support. Need a daily higher low above 6,123 to confirm weekly low set, so I can expect a small weekly rally.
4h—it is the most important chart so far which I trade with. It early broke equilibrium and form a higher low at 6556 above 6375. MACD fast line is above slow line, which shows a little good side confirmation. However triple top around 6800 gives a little red flag.
Scenarios:
If 4h keeps rallying and target would be next resistance level around 7,000 round number. From there then see pull-back volume to determine to get out or stay in
Break support at 6552 and then see where it pulls back and pull back volume.
Zoom out to daily if break daily low at 6130 but close above Bollinger upper band, and RSI forms a higher low. I would definitely try to get some BTC
Form a higher low above 6131 change the daily trend
Break support one at 6552 and then 6131. And then rally a little bit and keep going down. I wish it did not happen.
Plan one:
Choose Scenario 2 2):
Target: around 7k
Buy: 6680
Stop Loss: 6569
Risk-Reward: 1.86%--4.62%
Plan two:
Scernario 2 1)
Target: 6800-7000
Buy: start buy after break 6118 (if form a higher low above 6118 reanalyze again)
Stop Loss: if daily stop at low Bollinger band
