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Youtube:

Weekly

Looking at our trend timeframe we see price has double topped inside our major resistance zone 6700 satoshis. Stochastic RSI showing momentum is bearish .Expecting a break through our trendline , followed by a drop towards 4500. Price could potentially hold here depending on daily candle price action.

Daily

Shifting over to our pattern timeframe we see price showing no signs of the bulls taking over. Lower high just formed @ 5000 satoshis, expecting lower low to be formed around 4000 satoshis. Stochastic RSI showing momentum has slowed down, however we have not bottomed out. A 4hour close above 5000 satoshis activates our trade. Other wise waiting for a bounce.

4Hour

Finally looking over to our trigger timeframe we see price could potentially form a double bottom at this level, however if price decides to break this level expect a nice drop towards 4000. Price currently testing breakout zone for support. Stochastic RSI showing momentum is bearish .

Link To Chart

Conclusion

• Buy: A 4hour close above 5000 satoshis activates our trade / Wait for bounce off 4000 satoshis.
• Sell: No it’s crypto

Comment Down below what coin you want me to do next! ;)

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Crypto Trading W/ Leverage
How to Draw Trend-lines & Identify Trends
How to Draw Support/Resistance, Price Only

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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