Looking at our highest timeframe we see price is continuing to test our major $6,500. Our morning analysis showed BTC wanted to make it’s next leg towards the downside, however price is showing other wise. Momentum continuing to look , with no signs of slowing down?
Shifting over to our pattern timeframe we see price had a strong push towards the upside from $6,400 to $6,700, momentum starting to head towards the upside. A daily close above $6,700 and we should see BTC make a run towards $7,600
Last but not least looking at our trigger timeframe we see price was respecting our downtrend structure, until a higher low was formed yesterday as shown by our 4hour chart. Price jumped from $6,400 to $6,700 our last 4hour candle and price is now looking to form a higher high. Momentum heavily shifted towards the upside, a 4hour close above $6,700 activates our trade to $7,600.