Bitcoin has again broken out of its wedge, finding resistance within $10 ($6,732) of the prior high. It has since broken down to $6,670.

As soon as the breakout happened, long positions spiked.

EOS remains in a larger wedge. Since my last update, price continues trading within the known range….bouncing off the bottom of the wedge and rising to the top.

Volume remains very weak. This suggests market makers can drive price any direction they want. Rather than forcing a trade, I’d suggest watching and waiting for a good trade set up. In today’s video analysis, I discuss where price my go from here, possible areas to latter in buys, traps to avoid and MUCH more. I hope you find it helpful.

Video Analysis:

https://youtu.be/uRSaBuAkrNk

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

Disclaimer: I am NOT a financial advisor and this is NOT financial advice. Please always do your own research before investing. 

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Responses

  1. CryptosDecrypted

    Excellent update @workin2005. Feeling bullish myself on both BTC and EOS with that close above the wedge you’ve highlighted but all still in play. Truth be told until BTC breaks 10K (pure psych lev) and holds above it on a weekly basis – I’ll still be very wary. Pending REX proposal and Block.one hardware wallet also supportive of EOS imo. Though of course if BTC tanks there too will go EOS.

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