Bitcoin (BTC/USD): Evening Analysis, Gonna Happen Later…

BTC Evening Analysis .pngBTC Update.pngBTC D .png

Daily

Looking at our trend timeframe we see price continuing to rest our downtrend behavior, no signs of reversal. Stochastic RSI showing momentum is in favor of bulls, however we are seeing a shift. Resistance shown at $6,500, followed by support at $6,350. A daily close above/below either of these levels and expect a break in that direction.

BTC 4H.png

4Hour

Shifting over to our pattern timeframe we see price has broke our minor uptrend, stochastic rsi showing momentum is in favor of bears. Minor support has been found, if we hold here expect a retest our of resistance at $6,500. A 4hour close below $6,400 and expect our sell off to continue towards $6,250.

Link To Chart

Conclusion

  • Buy: After Daily Close Above $6,500
  • 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.