Bitcoin (BTC/USD): Evening Analysis, Another Bounce…
Daily
Looking at our trend timeframe we see price bouncing off our dynamic and horizontal support, stochastic rsi showing momentum has bottomed out and we should be seeing a shift. A daily close above $6,400 and expect a run towards $6,700 before continuing to sell off. A daily close below $6,200 and expect BTC to sell off.
4Hour
Shifting over to our pattern timeframe we see BTC now looking to form a higher high above $6,400, a 4hour close above this level and expect a run towards $6,700. Stochastic RSI showing momentum in favor fo bulls and we should be expecting another extension towards the upside.
Conclusion
- Buy: After Daily Close Above $6,400
- Sell: Nooo
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.
Bitcoin drops... and Dogecoin hold steady. ... wow
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