BitcoinLargo
$Bitcoin, $BTC $6,700 Bounce or Panic....
Daily
Looking at our highest timeframe we see price continuing its downtrend, lower low and lower highs being formed. Stochastic RSI showing momentum may have peaked and is getting ready yo head towards the downside. A daily close above $7,700 activates our trade, however if we close below $7,500 expect the sell off to continue.
4Hour
Shifting over to our pattern timeframe we see price has formed a bearish flag, momentum leaning towards the downside. Expecting BTC to continue towards the downside, and finding support at our $6,700 zone. A 4hour close above $7,700, and expect BTC to make a run towards $8,400.
Conclusion
Wait For Drop Towards $6,700, Buy The Dip.
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