Daily
Looking at our trend timeframe we see price was rejected by our $8,400 resistance, and BTC is now looking to make it’s second attempt to clearing our $8,400 resistance. Stochastic RSI showing momentum is heading towards the downside, a daily close above $8,400 activates our trade.
4Hour
Shifting over to our pattern timeframe we see price is now stuck in an ascending triangle pattern, stochastic rsi showing momentum remains in favor of bears. A 4hour close above $8,250 and we should see BTC make a run towards $9,600, a rejection from this level and expect a sell off towards $6,800.
Conclusion
- Buy: After 4Hour Close Above $8,250
- Sell: NOOOO
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.
Good imformation,,
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit