Bitcoin finally broke down below the $3,500 support it’s been hovering on for the last 2 weeks. It dropped to the known $3,400 support and is currently trading around $3,430.
Looking at the daily chart we can see bitcoin bounced right off the bottom Bollinger band.
In today’s video analysis I discuss, where price maybe heading next, traps to avoid 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
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Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005
Published by Workin
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Do you see a bull flag in this pattern? (From Christmas to today)
I don’t. Possibly a descending wedge, but it looks too deep and wide for a bull flag in my opinion.
Thanks. Not the answer I wanted to hear, but I'd rather hear the truth than stick my head in the sand.
I hear you.
Welcome back @workin2005...so I guess the $3k level is back in play...right?
Thanks @rollandthomas. Yes, it certainly looks that way to me.