Cryptocurrencies

Bitcoin Technical Analysis: QUICK UPDATE

Bitcoin surged up to $5,345 (Coinbase) before dropping back below $5,000. It’s currently trading around $4,945. Volume remains very impressive at $20.8 Billion for the day.

Screen Shot 2019-04-04 at 11.35.09 AM.png
Screen Shot 2019-04-04 at 11.47.07 AM.png

Price has decisively broken above the 200 Day MA, an excellent sign for bulls. Keep in mind that does NOT mean we won’t see a drop in the short term.

Screen Shot 2019-04-04 at 11.35.54 AM.png

In today’s analysis I discuss where price may go from here, 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

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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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2 comments

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Comments

@peepso_user_22(Mr Crypto Lemon)
Great explanation ! So when would you buy in the ST?
5 years ago
@peepso_user_15(workin2005)
Thanks @peepso_user_22(Mr Crypto Lemon). I already hold BTC, but sold about 50% when it hit $5,100. I plan on holding the rest longterm. I’ve currently got buy orders between $4,500 and $4,100. We’ll see if they get filled.
5 years ago
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