Looking at our trend timeframe we see price has double topped inside our major 6700 satoshis. showing momentum is .Expecting a break through our trendline, followed by a drop towards 4500. Price could potentially hold here depending on daily candle price action.
Shifting over to our pattern timeframe we see price showing no signs of the bulls taking over. Lower high just formed @ 5000 satoshis, expecting lower low to be formed around 4000 satoshis. showing momentum has slowed down, however we have not bottomed out. A 4hour close above 5000 satoshis activates our trade. Other wise waiting for a bounce.
Finally looking over to our trigger timeframe we see price could potentially form a at this level, however if price decides to break this level expect a nice drop towards 4000. Price currently testing breakout zone for support. Stochastici showing momentum is .
Buy: A 4hour close above 5000 satoshis activates our trade / Wait for bounce off 4000 satoshis.