Technical Analysis on Bitcoin: Major Support OR Resistance Will Break In The Next Few Days

Bitcoin is flatlining, almost daring traders to enter a position. It can’t stay like this for much longer. It's either going to break above major resistance, or below the $6,000-$5,800 support in the next few days.
You’ll find my latest analysis in the following video:

Below you’ll find screen shots from the above video analysis. Watch the video for much more detail.

Major Support Resistance Areas:

Big Picture Count:

Bullish Divergence on 1 Day MACD and RSI:

Flatlining MACD on 4 hour and 1 Day Chart:

Against the Resistance on 1 Day RSI:

Bullish Count:

Bearish Count (PRIMARY):

Zooming in on Bearish Count (PRIMARY):

Zooming in on Bullish Count (SECONDARY):

Bullish Count Sub-waves (SECONDARY):

UPDATED Analysis here:

https://steemit.com/bitcoin/@workin2005/quick-supplemental-update-on-bitcoin

BIAS:
Short Term: Bearish
Longterm: Very Bullish

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Thanks for stopping by.

If you found this post informative, please:

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FYI…I just started a Facebook and twitter page where I’ll post analysis, along with other relevant crypto data from myself and others. If you’d like to be notified as soon as updates reach Steemit, the twitter handle is @Workin2005 and the Facebook page is https://www.facebook.com/Workin2005/

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Published on

by Workin2005

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