Bitcoin dropped over $1,100 yesterday in under 8 hours. Price wicked below the $8,150 support, but bulls quickly stepped in to play defense. It’s now trading around $8,400 on Coinbase.
The daily RSI has developed an ascending support line that’s been respected since December of last year. If this support holds, it may signal the bulls have enough strength to test $9,000 again.
In today’s video I discuss market psychology. We’ll try to make sense of the beautiful madness that is bitcoin, give you 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/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
If you found this post informative, please:
Open a free account on Binance here:
https://www.binance.com/?ref=16878853
Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here:
https://brave.com/wor485
YouTube: https://www.youtube.com/channel/UCJqGczdWE99ORopJ5ZUDauA
Twitter: https://twitter.com/workin2005
Facebook: https://www.facebook.com/Workin2005
Feature Image By: Saul Gravy
Get involved!
Comments