Bitcoin (BTC/USD): Evening Analysis, Critical Point...
Daily
Looking at our highest timeframe we see price has bounced off our $8,300 support one last time and has made a radical push towards the upside. Stochastic RSI showing momentum heading towards the upside. Next restate @ $9,300
4Hour
Shifting over to our pattern timeframe we see price has not only formed a double bottom, but also closed above $8,700 activating our trade. Someone start prepping the Vegata memes… Stochastic RSI showing momentum is bullish. Close above $9,000 activates our 2nd trade.
Hourly
Finally looking at our trigger timeframe we see price has formed a higher low @ $8,700 expecting a break above $8,800 to be on track to set a higher high. Failure to break $8,800 leads to a drop towards $8,500. Stochastic RSI showng momentum is bullish.
Conclusion
- Buy: After 4hour break and close above $8,800
- Sell: HAHA
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.
Hello, please look at my article about bitcoin price prediction. https://steemit.com/money/@patrik.malinsky/btc-usdt-price-prediction-may-14th-2018