Bitcoin broke above key resistance at $3,800. It’s now eyeing a very strong resistance zone between $4,000 and $4,120 (Coinbase). Daily volume remains strong at $9.9 Billion. This is the highest we’ve seen since May of 2018.

EOS easily took out the $3.00 resistance and is now eyeing $4.00. It started creating higher highs, all backed by the highest daily volume we’ve seen since June of last year.

In today’s video analysis I discuss where prices may be heading next, key areas to watch, 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

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Responses

  1. James Diegel

    Thanks Workin 😉 And agreed, this was no small move – even if we dial back a bit. Not expecting to break through the next level that quickly, but when we do actually close up there things are going to get exciting really fast 🙂 The volume is nice, but personally I feel that we are going to need a little more to get through the next 4100ish resistance – but it seems like we are off to a decent start 🙂

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        1. Workin2005 Post author

          Nahhh, as I said in this and prior videos, it may break through by just a wick, but it’ll have a tough time decisively (daily candle opening and closing) pushing/breaking through that resistance between $4,000 and $4,120. Today’s strong rejection is another sign of just how strong that resistance is. If price can decisively break above $4,120 on Coinbase, I’m going to become much more optimistic.

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  2. CryptosDecrypted

    Lots of usual TA to take-in here on both BTC and EOS @workin2005. EOS has certainly moved to a more bullish outlook – still just sticking to my dollar cost average plan but paying close attention to the next few weeks. As you note – the overall downtrend still needs to be respected.

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  3. Paul Oluwanisola

    Nice analysis at usual. only the negative thinker wouldn’t believe crypto has what it takes to survive. Look at EOS at 1.5$, ethereum at 75$, LTC at 23$ and where they all are now. Really crazy landscape with unpredictable realities.

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