Bitcoin (BTC/USD): Morning Analysis, May 14th Consensus

Bitcoin Morning Analysis .png

BTC Update .png

BTC D.png

Daily

Looking at our highest timeframe we price has respected our $8,300 support zone, Resistance @ $9,300 a daily close above this level expect BTC to break $10,000 in the following days. As this analysis is being typed, the Consensus 2018 is going on until tomorrow. Stochastic RSI showing bullish momentum is starting to build up. I firmly believe May will be the last month BTC is below $10,000 (Just My Personal Opinion).

BTC 4.png

4Hour

Shifting over to our trigger timeframe we see price has formed a double bottom inside our major 4hour support zone. A 4hour close above $8,700 activates our trade. Stochastic RSI showing possible higher low being formed in momentum. Major resistance shown @ $9,300, if price fails to break above this level expect BTC to retrace towards $7,500.

BTC H.png
Hourly
Finally looking over at our trigger timeframe price has broke through our two minor resistances @ $8,500 and $8,700. However price has not officially closed above our $8,700, but has close on it. Price however has remained bullish and is currently looking to from a higher high. Stochastic RSI showing momentum is in favors of the bulls.

Link To Chart

Conclusion

  • Buy: After 4hour close above $8,700
  • Sell: NO NO NO

Steemitending.gif

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

Thank You for Your Support, Upvote and Follow!!! New Blog and Video everyday

Social Media:
Twitter
Instagram
InvestFeed
Tradingview

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.

Sort:  

thanks for your support..will do the same here..and the best! (good job.)

Coin Marketplace

STEEM 0.30
TRX 0.11
JST 0.033
BTC 63968.82
ETH 3136.80
USDT 1.00
SBD 4.28