Cryptocurrencies

Bitcoin Rallies Back to Test Major Resistance!

Bulls have fought their way back up to test a major resistance at $11,500. This is a critical zone for bitcoin. Not only do we see clear visual resistance, when zooming in on a micro level we can see it’s hitting the golden pocket when pulling the fib from the local swing high to local swing low.

Screen Shot 2019-07-03 at 12.17.34 PM.png

Bitcoin is also sitting right inside the upper CME gap.

Screen Shot 2019-07-03 at 12.20.57 PM.png

In today’s video I discuss where price may go from here, traps to avoid and so much more. I hope you find it helpful. I’ll follow up this video with another one that answers your questions.

Video Analysis:

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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