Daily
Nothing too exciting has happen since our breakout on Thursday. As this is being typed BTC is dealing with minor resistance $8,200. A break and close above this level, and expect Bitcoin to make another leg in it's bull run.
4Hour
Switching over to our trend timeframe we can see there is resistance @ $8,150. Possible entries: 1) A close above $8,150 on the 4hour, 2) a bounce off $7,500 or 3) A bounce off $7,800. Leaning more towards a bounce off $7,500 or a break and close above $8,150 on the 4hour.
Hourly
Finally looking at our trigger timeframe we see there is potential drop towards $7,150. Now (bear) w/ me folks, I don't expect BTC to drop that low. Why: A drop towards that level will lead people to panicking there is another $1,000 candle but only in the other direction. Higher timeframe show and, smaller timeframe are simply for intra-day.
Conclusion
- Buy: 1.) After Break and Close Above $8,150, 2.) Bounce from $7,800 or 3.) Bounce from $7,500
- Sell: WHY???
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.
great, thanks for the analysis.