Looking at our trend timeframe we see price has formed a lower high at 19000, and is now looking for a lower low near our dynamic and horizontal support at 7000 satoshis. Stochastic RSI showing momentum remains in favor of bears with no signs of reversal.
Shifting over to or pattern timeframe we see price has found support at 15000, stochastic rsi showing momentum in favor of bears. A daily close above 16200 activates our trade, however if rejected at this level expect a sell off towards 12000 support. Expecting price to fall towards our historic lows at 7000.
