Is Bitcoin Setting Up For an Explosive Move to Bring in the New Year?

[workin2005]

Bitcoin continues to get squeezed, creating higher lows and lower highs. Overall volume remains weak. As price approaches the apex of the larger wedge it’s operating in, we should prepare for a larger move.

Looking at the 4 hour RSI, we can see it’s also getting squeezed. This also suggests a larger move to come in the next 24-48 hours.

In today’s video analysis I discuss, traps to avoid, possible trade scenarios, short term price movement and so much more. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

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

If you found this post informative, please:

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https://www.binance.com/?ref=16878853

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Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005

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Published by Workin

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Comments

[sehamabashir]

Good analysis my opinion bitcoin will fly to $5000

[workin2005]

Thanks @sehamabashir.

[vlemon]

Happy new Year 🎈 🎆 my friend ! Hopefully it will be a good one.

Posted using Partiko iOS

[workin2005]

Happy New Year @vlemon!

[rollandthomas]

Great analysis, lets hope the volume picks up in 2019.