Bitcoin continues consolidating right on top of the 0.786 fib level. It’s been testing the top of what appears to be a falling wedge, but has yet to break out above. Volume remains weak.

In today’s video analysis I discuss, where price may be heading next, a possible trade setup I’m preparing for, 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
Published On TIMM:


I have a feeling a flash crash to 1500-2000 $ is coming these days. Dunno why :/
If it drops below $2,400 (and that’s a big IF), it’ll likely fall to $1,200-$1,100 IMO. Not much support between $2,400 and $1,200 (Coinbase).
Oh well, I will just keep making these bags heavier and heavier, haha. I don’t stress much cause my real life job pays for the bills. I would never dare to day trade for a living, stress would kill me XD
Great insights, thanks for the detailled explanations!
Thanks @infosion
Thanks for this @workin2005. My data is pretty much exhausted tonight so I’m unable to finish watching the video…We’ll just remain expectant for BTC
Haha…I understand. Thanks for stopping by @mosunomotunde
nice one mate. thanks
Thanks @rictoken
Thank you so much for sharing here @working2005
My pleasure @dwiitavita
This helped crystalize my current stance of BTC. I’m really tempted to put a hedge trade on right now with tight stops on both and ride the movement up or down..but of course, the bots will very likely spike me out first…excellent TA as usual. lol nevermind it just moved (would have taken me out)..now back to the charts!
Glad it helped. Things are starting to get interesting.
Thanks for sharing My Brother…. Success is always for you
already below 3400 when I woke up this morning.
I think it’s preparing to make a larger move Peter. As I pointed out in my latest video, I’m looking for a temporary bounce around $3,300-$3,250. We’ll see. If $3,200, is broke, I think btc will likely drop to at least $3,000.
Just can’t wait for the next bull run
I think may people feel the same way. 😉
Yes dear friend we are agree with you.
Thanks @oodeyaa
Very useful! I always learn from your cool posts @ workin2005
Thanks @nawarrado
Hmm… market goes further down, seems like markets will be following your negative pathways.
I’m looking for a temporary bounce around $3,300-$3,250.
Thank you so much for sharing here @workin2005
Thank you @workin2005 for showing your analysis.
Hope this bear market will come to the end. 😉
Nice grafik @workin2005
Thanks for sharing friend
Thanks for this @workin2005. My data is pretty much exhausted tonight so I’m unable to finish watching the video…We’ll just remain expectant for BTC
and than kyou to share in here
I need a bell notification so I can catch these analysis before the moves (lol)
So, i cant imagine, why sell the people the BTC. This lead to the falling, people have to give smaller and smaller price to the orders. And they are loosing. Instead of holding, and waiting for the next north wave, or just simple using the btc in everyday life.
next move up, right? 🙂
Hmm… market goes further down, seems like your negatives expectations comes true….,
Prices are just so sad.
😉 – Missed this one, Im sorry. Playing catchup.
Rated anyway.
Regards,
Mark (Zeus69)