Bitcoin 1 Hr Update
$7000 is going to be a tough $ to hold
My next target is around $7250, if that does hold, then $6900 is still strong support, with resistance at around $7100
Watch for:
- All oscillators (RSI, Stoch, MACD) are indicating downward momentum
- Candle is below BB (bearish signal)
- Top trendline has been broken
- But bottom trend support is still in tact
Overall:
Wait to confirm $7200 or back down to $6900 support
My next target is around $7250, if that does hold, then $6900 is still strong support, with resistance at around $7100
Watch for:
- All oscillators (RSI, Stoch, MACD) are indicating downward momentum
- Candle is below BB (bearish signal)
- Top trendline has been broken
- But bottom trend support is still in tact
Overall:
Wait to confirm $7200 or back down to $6900 support
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