Bitcoin (BTC/USD): Evening Analysis, Leg 2….

BTC Evening Analysis .pngBTC Update .pngBTC D .png

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.

BTC 4.png

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.

Link To Chart

Conclusion

  • Buy: After 4Hour Close Above $8,250
  • Sell: NOOOO

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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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Good imformation,,

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