Bitcoin continues to consolidate within a key area of support between $4,600 and $4,100. Price is getting squeezed, creating a series of lower highs and higher lows. It looks ripe to make a larger move in the next 24-48 hours.

EOS continues to follow bitcoin. It’s also consolidating within a key area of support between $4.00 and $3.50. Like bitcoin, EOS is also getting squeezed within a tight range. This also suggests a larger move in the next 24-48 hours.

In today’s video analysis I discuss, where prices 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

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. SouthernCrossroads

    Hey workin’ another great piece, but I was wandering what you thought about the market decoupling from bit coin. At some point they have to start moving independently. We can’t all just move like a herd together forever… I’m concerned because I’m seeing unrelated projects moving in unison for no reason. They really need to start breaking out and defining themselves apart from Bitcoin. There really isn’t any reflex beyond herd instinct for EOS, Ripple, TRON to follow Bitcoin and ethereum yet they still do…

    Anyway, I’d be interested in your thoughts on the subject…

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    1. Workin2005 Post author

      I agree…eventually each coin will need to rise and fall on their own merit. I think that’ll happen when we see adoption on a large scale. Until then, people are simply speculating on the market as a whole, rather than each individual project. Hopefully we see a decoupling by the end of 2019.

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    1. Workin2005 Post author

      Thanks @vgplatinum. I don’t watch many other TA videos, unless someone sends me a link with a question about someone else’s TA. I’ve got a few friends that trade full time. One was my mentor. The guy is sharp…but he doesn’t put out any TA publicly…but I’m trying to get him to. I have watched The Chart Guys in the past. They do a great job.

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