BITCOIN LOOKS TO BE IN A BULLISH TREND BUT WE MAY SEE SOME SELLING AROUND THE 6500 LEVEL
REASONS FOR ENTRY - 6500 EVEN HANDLE PSYCHOLOGICAL NUMBER, (POTENTIALLY LOTS OF SELL ORDERS AROUND THIS LEVEL) - COMPLETION OF AB=CD MOVE - FIBONACCI 161.8% EXTENSION COMPLETION - MAJOR STRUCTURE LEVEL, MULTIPLE TESTS AND REJECTIONS AT THIS LEVEL AS SUPPORT AND RESISTANCE - CENTER OF A LARGE WEDGE PATTERN - RSI OVERBOUGHT -RSI DIVERGENCE
ENTRY I WOULD LOOK FOR A SIGNAL CANDLE AT OR AROUND THIS LEVEL TO ENTER A TRADE, TARGETS AROUND PREVIOUS RESISTANCE LEVEL A MORE CONSERVATIVE APPROACH WOULD BE TO WAIT FOR A DOUBLE TOP AT THIS LEVEL