Bitcoin continues trading within a tight range. While it’s been unable to break above key resistance at $6,540, it has held onto the gains its made over the last few days.

EOS did break out of a strong supply zone and seems to be consolidating. It looks like it may come back down for a retest of at least $5.50. Bulls should be looking for a bounce somewhere between $5.50 and $5.45. A strong bounce off that area could send price soaring to around $6.00. If the $5.45 support fails, we could see a drop to at least $5.26.

In today’s video analysis I discuss, market psychology, traps to avoid, where price may be heading next 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. CryptosDecrypted

        Agree – I haven’t entered any new positions and I’m just waiting on a confirmation of a new trend however long that takes. I’ve basically spent the last 4 months accumulating, so let’s see if that was a good call or not!

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  1. Zeus69

    Yet another amazing TA by the workin man, thanks my friend, I like that you report on possibility of doom and gloom and the positives going forward, a great reality check for investors. Truth be told.
    You mentioned in one of my posts, how do I keep on writing all the poetry, well the same goes for you my friend, you keep em coming, that to me is talent.
    Regards,
    Mark (Zeus69)

    (1)