Bitcoin Technical Analysis: QUICK UPDATE
Bitcoin broke below $4,000 earlier today, finding support right around $3,900 before bouncing. It’s currently trading around $3,950 on Coinbase.
In today’s analysis I discuss where price may be 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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Feature Image By: Saul Gravy
Still holding the up trendline...so that's good..looks like $3900 is the line in the sand.
Question, is there also a opening wedge in TA, as your last short term wedge looks like that to me when taking into account the recent pump and dump...
You mean this?
Yeah, it's called a broadening wedge. This can break bull or bear....but I'm leaning to a slight rise to the top of the broadening wedge, then a break down and out of the wedge, finding support around $3,900-$3,850.