Bitcoin rose from $6,160 to $6,810 in under 3 hours. It has since corrected to $6,375 and is currently consolidating.

Shorts initially dropped off as expected, but have since slowly started to rise. I find it interesting that longs are dropping significantly, at least as of writing this post.

In today’s video analysis, I discuss where price may go from here, market psychology 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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Bitcoin rose from $6,160 to $6,810 in under 3 hours. It has since corrected to $6,375 and is currently consolidating.

Shorts initially dropped off as expected, but have since slowly started to rise. I find it interesting that longs are dropping significantly, at least as of writing this post.

In today’s video analysis, I discuss where price may go from here, market psychology and MUCH more. I hope you find it helpful.

 

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Responses

  1. Zeus69

    Not as good as my TA, LMAO, 🙂
    Great analysis as usual @workin, keep them rolling in.
    I’m busy with my next TA but need some more inspiration from the market and those fine fake experts out there.
    Full marks for – Mr TA
    Regards,
    Mark (Zeus69)

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  2. Adil Elias

    Thanks for another great analysis @Workin2005! I see the price even went higher – by the time I found your post – and it makes me wonder…

    People say that usually October and November are good months for BTC, do you think we could see the same trend this year? Or do you forsee a solid bull run coming later on?

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    1. Workin2005 Post author

      Thanks @the-alien. I don’t think a bull run will just happen because it’s time. In my opinion, a sustainable bull run will require some kind of catalyst. That may come in the form of some type of game changing news, a massive short squeeze or prices dropping low enough to attract new money. Should be an interesting 4th quarter.

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  3. Big Mike | Trybe.one

    Nice Vid Workin! I remain bearish as I think we need to hit the bottom of the bollinger bands on the weekly at least before we ditch this downward trend. I pulled my powder from Binance and took it to my local fiat exchange. Too much fud surrounding Tether for my taste!!

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