Looking at out our highest timeframe we see price has is currently testing our weekly support. Lower High formed 10000 satoshis, expecting price to break through and find support 6000 satoshis. Stochastic RSI showing momentum is heading towards the downside.
Shifting over to our pattern timeframe we see price commuting towards the downside. Price has remained in a tight range from 8100—8500 satoshis until yesterday daily candle closing below 8100 satoshis. Stochastic RSI showing momentum is starting to slow down and heads towards the downside
Conclusion
Buy after daily support at 6000 satoshis.
