Daily

Looking at our trend timeframe we see was rejected by our $7,200 resistance, and is now looking to test the bottom of our ascending wedge pattern. Stochastic RSI showing momentum in favor of bulls however we are at a temporary correction. A daily close below $6,300 and expect BTC to sell off towards $6,000, however if we hold at this support level expect a huge push towards $7,700. A daily close above $7,200 also activates or trade.

4Hour

Shifting over to our pattern timeframe we see BTC has formed a double top at $7,100, followed by a lower high at $7,000. Stochastic RSI showing momentum is in favor of bears, looking for a 4hour close below $6,700. A bounce off this level followed by a 4hour close above $6,900 and expect another $7,200 retest. However a 4hour close below $6,900 and expect BTC to sell off towards our $6,000 support level.

Link To Chart

Conclusion

• Buy: After Daily Close Above $6,900 / Bounce Off $6,000
• Sell: Nooo

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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.