Cryptocurrencies

Bitcoin Technical Analysis: BULLS EYEING $6,000

Bitcoin has impressively held onto it’s gains over the last 5 days. It continues to find resistance right around $5,350. Over the last few days price has created a series of higher lows backed by daily volume well above $15 Billion. If new weekly highs are achieved, the next area of major resistance is between $5,900-$6,000.

Screen Shot 2019-04-08 at 10.50.00 AM.png

Earlier today, price retested the prior weekly high of approximately $5,350. This triggered many of the stop losses on short positions…about 27% to be exact.

Screen Shot 2019-04-08 at 10.50.42 AM.png

In today’s analysis I discuss where price may be heading next, market psychology, traps to avoid 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

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Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005
Feature Image By: Saul Gravy


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