Bitcoin (BTC/USD): Evening Analysis, Game time...
Daily
Looking at our highest timeframe we see price has continued to struggle breaking through $7,700, momentum still looking extremely bullish. Dynamic support being respected, a close below this level and expect BTC sell to continue, however if we close above $7,700 we should see a run towards $8,400.
4Hour
Shifting over to our pattern timeframe we see price respecting a bullish channel, momentum starting to head towards the upside. Price showing a run towards $8,000 before breaking out of our channel, if we see a close below $7,500 expecting a dip towards $6,700.
Hourly
Finally looking over at our trigger timeframe we see price is currently testing our resistance at $7,700 a close above this level and expecting BTC to run. Stochastic RSI showing momentum is extremely bullish, a rejection here leads to another week of bears being in control.
Conclusion
- Buy: After Daily Close Above $7,700
- Sell: We Are So Close…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.