Cryptocurrencies

Bitcoin Bears Land A Punch…Bulls Try to Shake It Off

Yesterday we discussed major resistance at $12,950. Bitcoin needed to decisively penetrate this zone in order to continue its bullish momentum. Bears were having none of it as price was rejected, falling as low as $11,550 before finding support.

Screen Shot 2019-07-10 at 5.11.42 PM.png

The daily chart shows the bulls are putting up a fight, defending the 8 day EMA.

Screen Shot 2019-07-10 at 5.12.26 PM.png

In today’s video we discuss where price may go from here, traps to avoid, key areas to watch 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/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

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3 comments

@peepso_user_18(Bit Brain)
Luckily I can take a punch 🙂
1 week ago
@peepso_user_15(workin2005)
@peepso_user_18(Bit Brain) I have no doubt BB..Although as the saying goes....better to give than to receive 😉
1 week ago
@peepso_user_18(Bit Brain)
@peepso_user_15(workin2005) yeah, and after 2018 I think I've had more than my fair share of receiving! 😀
1 week ago