Bitcoin is being squeezed within a small wedge, hovering right around $3,800. Volume has tapered off over the past 24 hours.

In today’s video analysis I discuss, where price my 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

Published On TIMM:

Subscribe to Workin’s channel here:
https://www.youtube.com/channel/UCJqGczdWE99ORopJ5ZUDauA

Have you checked out Trybe.one yet?

Subscribe to Trybe TV here:

https://www.youtube.com/channel/UC2ceaswIsdTicbGBHpxEIDQ

We are looking for established and up and coming YouTubers to contribute to our channel. Submit your articles here https://trybe.one/contact-us/ for consideration.

Drop by our telegram here:

https://t.me/trybe_one


Your Remaining Votes (within 24hrs) : 10 of 10
9 votes, average: 5.00 out of 59 votes, average: 5.00 out of 59 votes, average: 5.00 out of 59 votes, average: 5.00 out of 59 votes, average: 5.00 out of 5 (9 votes, average: 5.00 out of 5)
You need to be a registered member to rate this.
(1627 total tokens earned)
Loading...

Responses

  1. Teutonium

    Really good TA my friend, at least you didn’t appeal to the masses by screaming moon and gave the info has it is… BTW if we do break down to the start of this rise it’s under the 200MA 1W TF which normally means a huge dump incoming… I’m atm waiting to see what price does, after a while bear market I started learning some TA and realized the only good time to invest is when the price Breaks through the 50MA on the 1W timeframe… I’ll scalp while the price moves but I’ll deploy most of my money when that breakout happens…

    (1)
    1. Workin2005 Post author

      Thanks! Dollar Cost Averaging in now isn’t a bad idea, especially if planning to hold for the long haul. Playing it safe and waiting for confirmation of a bottom is a good strategy too. The 50 day MA on the weekly is certainly a good indication the market has turned around. Either way, this time next year, I think many will be wishing they had the opportunity to buy at these prices. Appreciate you stopping by @teutonium!

      (1)