Bitcoin (BTC/USD): Intra-Day Morning Analysis!

Bitcoin Morning Analysis .png

BTC D.png

Daily

Yesterday's analysis showed a potential drop down towards $5,000, however it seems support has been found @ $6,500. Expecting a run from $7,000 to $8,000 where we have our next major resistance. Waiting for the Daily candle to close above $7,000 before adding to my positiion.

BTC 4.png

4 Hour

Switching over to our smaller timeframe we can see our minor resistance was broken and tested for support. Our next target is the $8,000 resistance zone, although $7,500 is also a psychological resistance to watch out for.

BTC H.png

Hourly

Finally taking a look at our trigger timeframe we can get a more clear look of our zone being broken and tested for support. In conclusion there seems to be a bullish sentiment taking over the day. Expecting the following week to be a green week for BTC. A small position will be added after my daily candle closes above $7,000, updated analysis coming soon.

DQmbMetFVeJyXmwqEH7eQVCg4JWrs8jhTyuLmtf91xFSAcb.png

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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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nice work my friend...always good to see a fellow crypto expert doing a good job...:) Think we will still go deeper...but with BTC you never know
greetz

I agree there is some room to the downside still. A potential drop to $5,000 is possible, lets hope not. Thank you for your support!

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