Bitcoin has been unable to break above the $4,000 resistance (Coinbase). Volume ’s dropped off slightly, which was expected. Price is currently trading round $3,900. it looks like we may see one more attempt to breach $4,000. If that fails, I’m expecting a drop back at least $3,800.

EOS has been impressive these past few days. Bulls attempted to decisively break above $4.00, but the bears have fought them off so far. I’m expecting another attempt to break above $4.00. If that fails, we could see a drop to at least $3.60.

In today’s video analysis I discuss, where prices may be heading next, ares to watch, possible trade entry/exit points 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

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Responses

  1. VG

    You always talk the FOMO right out of me. Waiting patiently again for a drop. Thanks for your analysis. I’ve sent a handful of new folks over to YT to follow you. Keep up the good work.

    (3)
    1. Workin2005 Post author

      Haha…I’ve had to keep my own FOMO in check. As I said, this spike over the past week is different from others. It’s been backed by a nice increase in daily volume that we haven’t seen since May of last year. Not saying the bottom is in, but it’s certainly a welcome sign. This latest spike will be telling. If price can decisively break above $4,120 (on Coinbase), I’ll start to get a bit more optimistic. I appreciate the support @vgplatinum!

      (2)
  2. James Diegel

    Thanks as always Workin’.
    And ya, I’m with you… btc looking like it could continue on the up but jumping on this, but I prefer to wait till the other side of the resistance for a little more sanity 😉 And EOS, ya man, that chart is continuing to look beautiful 🙂

    (1)
  3. helmibireuen

    Expect that in this first quarter quarter the price of BTC will be at the threshold of 4,150 $ and of course EOS follows the threshold of 4,50 $ and is getting better towards the middle of the year in the first quarter

    (1)