Possible New Resistance @7500-7400! Or Sell NOW

Bitcoin has been moving side ways for the past week and once again its strength is being tested by the same resistance trend from 03/05/18. For more then a month Bitcoin has failed to break such resistance, but once again in this four hour chart we will test the same resistance level. The RSI isn't really where I want it to be, but there is still hope that in the next 4-8 hours we will break this resistance and test a new resistance @ $7.5-7.4K . If we fail to break this resistance in the next day BTC is most likely heading to $6.6k again-- back in no man's land and it will continue its' lateral movement. Right now might be a good time to short bitcoin and wait till it reaches the (5). At which point a lot of people will be selling-- making it a perfect time for a long position again. I do believe that at (5) we have a better chance of breaking the resistance than we do now. If Bitcoin drops 8 to 10 percent over the next couple of days it will only need a 4 to 5 percent increase to break the resistance @(5).

I will keep you guys updated on any new trends but keep watching this graph. Make sure to change any positions needed as the candle sticks dictate future prices.