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Looking at our trend timeframe we see price respecting our up trend, only to double top @ 230000 and 200000 satoshis. Price looks to remain bearish, next major support zone @ 135000. Stochastic RSI showing momentum is bearish. Waiting for a bounce off 135000 ora daily close above 180000
4Hour
Shifting over to our pattern timeframe we see price has broke towards the downside and formed a lower high, expecting price to remain bearish if we don’t get a break and close above 180000 on the 4hour, momentum remains bearish as well.
Conclusion
- Buy: Waiting for a bounce off 135000 / a 4 hour close above 180000
- Sell: Not in 2018
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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.
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