Bitcoin (BTC/USD): Evening Analysis, All Aboard!!!!

BTC Evening Analysis .png

BTC Update .png

BTC D.png

Daily

Looking over at our trend timeframe we can price has remain in our consolidation zone. Waiting for a break and close above $9,370 on daily before adding to my position. Price has remained above our trendline. Stochastic RSI showing momentum has bottomed out.

BTC 4.png

4Hour

Shifting over to our pattern timeframe we can see a better look at our trendline bounce, forming a nice sammie double bottom. Price has also broke above our resistance @ $9,300 and is currently testing support. Stochastic RSI showing momentum is bullish. Safe entry would be break and close above $9,700 on the 4hour.

BTC H.png

Hourly

Lastly looking at our trigger timeframe we can see short term momentum is looking bearish, although price is currently testing our breakout support. Wait for hourly close above $9,400.

Link To Chart

Conclusion

  • Buy: Wait for hourly close above $9,400 for next entry, or buy on the 4hour adobe $9,300
  • Sell: NOOO

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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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