Cryptocurrencies

Bitcoin Technical Analysis: Bulls Defending Support

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.

Screen Shot 2019-05-31 at 11.10.23 AM.png

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.

Screen Shot 2019-05-31 at 11.11.40 AM.png

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:

upvote.gif

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


Related posts

EOS Pump – Where art thou?

cryptos-decrypted

Bitcoin Hitting New 2019 Highs!

Workin

BITCOIN – 11 Jun

onepercentbetter

Get involved!

Comments

No comments yet
Skip to toolbar