Bitcoin (BTC/USD): Evening Analysis, See You Soon $5,000

in cryptocurrency •  6 years ago 

BTC Evening Analysis .pngBTC Update.pngBTC D.png

Daily

Looking at our highs timeframe we see price has broke its dynamic resistance and is currently at our major support zone $6,700. Stochastic RSI showing no signs of slowing down, in fact looks like we are just getting started. London session could push us towards $5,000.

BTC 4.png

4Hour

Shifting over to our pattern timeframe we see price has broke out of its channel, no signs of slowing down. Stochastic RSI showing bears are in full control and are showing no signs of being nice.

Link To Chart

Conclusion

  • Buy: After Daily Confirmation Of Support at $5,000
  • Sell: NO

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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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I agree! Sellers have been pushing this down for weeks now. Chance bitcoin has bottomed is about 0%. We are going lower. Give me the panic and i flip BULLISH!

https://steemit.com/cryptocurrency/@heyimsnuffles/crypto-carnage-is-imminent-20180610t190128430z-post

R.i.p bulls