Bitcoin has been trading in a tighter and tighter range for the last 2 weeks. Today it finally broke down and out of that wedge. I said in my last 2 updates if price broke down, it’d likely test the prior order structure between $6,235 and $6,200. It did just that, dropping to around $6,215 (on Coinbase) before bouncing back up to $6,275.
In today’s video analysis, I discuss the possibility of a bear trap, we’ll look at the bigger picture, talk about how I’m trading this market and MUCH more. I hope you find it helpful.
Video Analysis:
If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/@workin2005) 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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Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005
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by Workin2005
Things are looking heavy across the board. I'll really start worrying if we see BTC attack 6k.
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I agree. If $6,040 is broken, I think price will drop to at least $5,800. Let's see if it holds.
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Excellent video as usual. You are an encyclopedia of BTC/USD pair.
I cannot tell you differently.... Fully agree with you
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Thanks my friend. Always good to hear from you.
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Great. Can you pump out a new Steem analysis video ASAP? Will be posting my new series post tomorrow..
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I’ll try to knock one out. I’ve been running around like a headless chicken these past 2 weeks.
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BTC is trading between 6 to 7k since long time. Not sure when can we see bullrun.any jdea?
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I discussed this in detail in the above video...but the short answer is it should begin by the end of the year if not sooner.
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Great in-depth and informative analysis...loving the videos.
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Thanks Rolland
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