Bitcoin corrected to $6,295 (0.382 fib) before bouncing. It tested the $6,360 resistance, but (as of writing this update) was unable to break through.

Looking at the daily chart, we can see price is finding resistance at the 8 day EMA.

In today’s video analysis I discuss, where price may go from here, the bearish statement made by BitMex CEO Arthur Hayes, traps to avoid and 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. Workin2005 Post author

          Yeah….CMC fluctuates a bit sometimes as it takes into account exchanges from all over the world. If 1 or 2 spike briefly due something like manipulation, it throws CMC out of wack briefly. I take info on CMC with a grain of salt.

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