Daily
Looking at our trend timeframe we see price has closed above $6,700 however it has remain quiet since. Price has formed a bearish continuation flag, however momentum is showing the bulls are momentarily in control. Expecting a higher low to form at our indicate zone leading to the beginning of our uptrend.
4Hour
Shifting over to our pattern timeframe we see price respecting channel structure. Momentum forming higher lows, a close above $6,800 should push BTC towards $7,500. If we fail to close above $6,800 expect a drop towards $5,000.
Conclusion
- Buy: Daily Close Above $6,800
- Sell: NO
Comment Down below what coin you want me to do next! ;)
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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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We will crash to 6200
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