May 14th Consensus.

2018년 5월 14일

Daily
Looking at our highest timeframe we price has respected our $8,300 support zone, Resistance @ $9,300 a daily close above this level expect BTC to break $10,000 in the following days. As this analysis is being typed, the Consensus 2018 is going on until tomorrow. Stochastic RSI showing bullish momentum is starting to build up. I firmly believe May will be the last month BTC is below $10,000 (Just My Personal Opinion).


4Hour
Shifting over to our trigger timeframe we see price has formed a double bottom inside our major 4hour support zone. A 4hour close above $8,700 activates our trade. Stochastic RSI showing possible higher low being formed in momentum. Major resistance shown @ $9,300, if price fails to break above this level expect BTC to retrace towards $7,500.


Hourly
Finally looking over at our trigger timeframe price has broke through our two minor resistances @ $8,500 and $8,700. However price has not officially closed above our $8,700, but has close on it. Price however has remained bullish and is currently looking to from a higher high. Stochastic RSI showing momentum is in favors of the bulls.

Conclusion
* Buy: After 4hour close above $8,700
* Sell: NO NO NO