Bitcoin and EOS Technical Analysis: Waiting For The Bulls to Show Up

Since my last update, Bitcoin dropped to the prior level of support ($3,400-$3,250) I warned about. It’s shown some life over the past 24 hours, rising from $3,280 up to $3,600. The prior support is now acting as resistance as it currently trades just below $3,600. Volume remains weak. At the moment, I’m seeing no signs this latest rise has any sustainability.

Screen Shot 2018-12-09 at 3.58.53 PM.png

EOS had dropped just below the known support between $1.85-$1.72. It’s also rallied over the last 24 hours, rising as high as $2.16. The prior $2.11 support is acting as resistance with no decisive break above.

Screen Shot 2018-12-09 at 3.59.07 PM.png

In today’s video analysis I discuss, where prices may be heading next, my personal buy zones, traps to avoid and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!

Workin

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Bitcoin and EOS Technical Analysis: BEAR TRAP OR LOWER PRICES?

Bitcoin is currently dropping just below $3,600…a key support. If the daily candle closes below $3,600, I believe we could see a quick drop to at least $3,400.

Screen Shot 2018-12-06 at 12.05.47 PM.png

EOS has broken below $2.45. It’s currently finding support at $2.11. If this support breaks, I believe we could see a quick drop to $1.85.

Screen Shot 2018-12-06 at 12.06.29 PM.png

In today’s video analysis I discuss, where prices may be heading next, traps to avoid, key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!

Workin

If you found this post informative, please:

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Open an Account on Binance here:
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Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005

Bitcoin Technical Analysis: LARGER MOVE MAY BE COMING

Bitcoin continues to find support at $3,800. Zooming out on the 4 hour chart, we can see price continues getting squeezed within a larger wedge. This suggests a larger move may be coming within the next few days. 

Screen Shot 2018-12-05 at 10.32.33 AM.png

In today’s video analysis I discuss where price may be heading next, traps to avoid and so much more. I hope you find it helpful. 

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!

Workin

 

If you found this post informative, please:

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Bitcoin Technical Analysis: Will Support Hold?

Bitcoin had been consolidating within a larger wedge since November 20th. Today it broke down and out of that wedge. It found support right on top of the prior support zone between $3,800 and $3,600. If price breaks below this zone, we could see a quick drop to at least $3,400.

Screen Shot 2018-12-03 at 12.54.09 PM.png

This latest drop could be a bear trap. Shorts are outpacing longs by about 30%. If this gap gets much wider, we could see a massive short squeeze.

Screen Shot 2018-12-03 at 12.54.44 PM.png
Screen Shot 2018-12-03 at 12.55.04 PM.png

In today’s video analysis I discuss, where price may go from here, key areas to watch and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!

Workin

If you found this post informative, please:

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Open an Account on Binance here:
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Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005

Bitcoin Technical Analysis: QUICK UPDATE

I’m on the road this weekend, so forgive this short post. I received many messages asking about the market. Rather than answer each one individually, I decided to post a quick update.

Bitcoin was able to break back above $4,000, now trading around $4,200. In my opinion, we need to see price break above the $4,400 resistance relatively soon. If not, we could see a continuation of the downtrend. Screen Shot 2018-12-01 at 2.02.12 PM.png

In today’s video analysis I discuss, key areas to watch, where price may be heading next, the big picture and so much more. I hope you find it helpful. 

Video Analysis: 

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!

Workin

Bitcoin Technical Analysis: TESTING KEY RESISTANCE

Bitcoin has been showing signs of strengthening over the last 48 hours. It tried to break above the key $4,400 resistance, but was rejected. It’s currently trading around $4,170. 

Looking at the daily chart, we can see price broke above the 8 day EMA where it’s currently finding support. 

Zooming out on the monthly chart, we can see price has dropped back to an order block created in fall of 2017. If the monthly candle can close at or above this area, I believe we may be ready to test $5,000 again. A close below may signal further downside to follow.

In today’s video analysis I discuss where price may be heading next, traps to avoid and so much more. I hope you find it helpful.

Video Analysis:

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until next time, wishing you safe and profitable trading!

Workin

Open an Account on Binance here:
https://www.binance.com/?ref=16878853

Support the Crypto Ecosystem with Brave Browser:
https://brave.com/wor485

Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005