Bitcoin has been trading in a tighter and tighter range for the last 2 weeks. Today it finally broke down and out of that wedge. I said in my last 2 updates if price broke down, it’d likely test the prior order structure between $6,235 and $6,200. It did just that, dropping to around $6,215 (on Coinbase) before bouncing back up to $6,275.
In today’s video analysis, I discuss the possibility of a bear trap, we’ll look at the bigger picture, talk about how I’m trading this market and MUCH more. I hope you find it helpful.
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!
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