In my update roughly 2 hours ago, I warned if bitcoin dropped below the $6,115 support, it’d likely break down to AT LEAST $5,800. Within 60 mins of that update, bitcoin dropped to $5,540. Price has since bounced back to $5,700.

Bitcoin has FINALLY broken out of the tightening range it’s been in for so many months. This means we’re entering into a new pattern…which is exciting! Clearly a catalyst has been needed to start the bull run everyone’s been waiting for. Since we’ve had no ETF approval (yet) and no major market moving news, the only thing left to bring in new buyers is for price to drop low enough to attract new money. The question is, has that now happened?

In this video update I discuss, where price may be heading next, traps to avoid, key areas to watch 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. Conceptskip

    Yes @workin2005 our man of the hour! When all commentators seem to be in shock rigid, you’re providing us with the latest TA. I wondered if there was any news that triggered this, if it wasn’t for those clowns and their BCH thing, or whatever they are calling it currently.
    So finally we’ve got the moment we all have been waiting for, really excited where we’ll set.

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    1. Workin2005 Post author

      Thanks my friend. Other than the BCH fiasco, I’m not seeing any other news that would’ve sparked a sell off like this. The truth is, it couldn’t have continued this way much longer. I’m shocked it lasted this long without breaking out. At least now we can get some closure to this bear market. Institutional money wants to buy cheap. I think smart money is soon going swoop in and spark a bull run that’ll dwarf 2017.

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