Bitcoin (BTC/USD): Evening Analysis, Fake Out?
Daily
Looking at our highest timeframe we see price has retracted from a drop this morning to $9,200 and is currently sitting @ $9,400 Stochastic RSI is showing momentum is bearish. A daily close above $9,700 activates our trade.
4Hour
Shifting over to our pattern timeframe we see price has perfectly bounced off our support, and price seems to be continuing its normal trend towards the upside. A 4hour close above $9,500 activates our trade. Stochastic RSI shoeing momentum is bullish.
Hourly
Finally looking at our trigger timeframe we see price has found support and Stochastic RSI showing momentum is bullish. An hourly close above $9,500 activates our trade.
Conclusion
Buy: After break and close above $9,500 on the 4hour
Sell: Haha no
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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