Bitcoin (BTC/USD): Morning Analysis, Bounce Or More Selling

Bitcoin Morning Analysis .pngBTC Update.pngBTC D.png

Daily

Trend timeframe showing price is currently our descending wedge’s dynamic support. Stochastic RSI showing momentum is heading towards the upside. A daily close above $6,800 and we should see a run towards $7,600, however if we fail to close above this level expecting price to drop towards $5,000.

BTC 4.png

4Hour

Shifting over to our pattern timeframe we see price has broke out of its minor downtrend , now looking for support. Stochastic RSI showing momentum is starting to top off and could be heading towards the downside. A 4hour close below $6,400 and we should see BTC continue to sell off towards our next major support.

Link To Chart

Conclusion

  • Buy: After Daily Close Above $6,800 / Bounce Off $5,000
  • Sell: NO

Steemit_Ending.gif

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.

Sort:  

Volume is droping i think we will see 6k level retest and yes maybe 5k.

Congratulations, your post received 12.52% up vote form @spydo courtesy of @kidmartin-95! I hope, my gratitude will help you getting more visibility.
You can also earn by making delegation. Click here to delegate to @spydo and earn 95% daily reward payout! Follow this link to know more about delegation benefits.