Bitcoin Technical Analysis: PRICE BREAKS DOWN...NEW LOWS OR BEAR TRAP?

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.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/@workin2005) 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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Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005

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by Workin2005

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