Daily

Looking at our highest timeframe we see price formed a lower high @ $8,900 and as broken through our $8,300 support. Next support target looks like $8,000, Stochastic RSI showing momentum is bearish. Not taking any positions until daily support is found.

4Hour

Shifting over to our pattern timeframe we see price has formed a lower high $8,500. No signs of slowing down, next 4hour candles closes in 2 hours. Stochastic RSI showing momentum is bearish however its in the middle of a retracement.

Hourly

Finally looking at our trigger timeframe we see price has closed below our support zone, with no signs of slowing down. Stochastic RSI showing momentum is bearish with no signs of slowing down as well. Looking for support @ $8,000 if not it could get ugly for a lot of us.

Link To Chart

Conclusion

• Buy: Waiting for a daily support
• Sell: NO

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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.