Bitcoin (BTC/USD): Evening Analysis, Gonna Happen Later…
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.
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.
Conclusion
- Buy: After Daily Close Above $6,500
- Sell: Nooo
Comment Down below what coin you want me to do next! ;)
Thank You for Your Support, Upvote and Follow!!! New Blog and Video everyday
Social Media:
Twitter
Instagram
InvestFeed
Tradingview
Crypto Trading W/ Leverage
How to Draw Trend-lines & Identify Trends
How to Draw Support/Resistance, Price Only
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.