Trend timeframe showing channel has been broken. Price has remained inside our master candle, and is currently testing our minor support. showing momentum is . Are people taking profits, moving to alts, or is this just a normal correction?
Shifting over to our pattern timeframe we see a has formed @ the $9,000 level. An ideal entry would be a buy at this price or a break and close above $9,300. showing momentum is building up.
Finally looking over at our trigger timeframe we see price hold at our $9,000 . A break and close above $9,030 activates our trade. showing momentum is .
Conclusion: Wait for 4hour break and close above $9,300.