Cryptocurrencies

Bitcoin Technical Analysis: Still Pounding on Resistance

Bitcoin has been pounding on the $4,000 resistance these past 4 days. Daily volume remains relatively strong at about $9.3 billion.

Screen Shot 2019-03-19 at 4.56.57 PM.png
Screen Shot 2019-03-19 at 5.01.56 PM.png

Zooming in on the 4 hour chart, it appears a bull flag is forming. We’re also seeing hidden bullish divergence on the 4 hour MACD. This suggests a break up to test the upper portion of resistance around $4,120 (on Coinbase).

Screen Shot 2019-03-19 at 4.59.18 PM.png

In todays analysis I discuss, key areas to watch, where price may be heading next, 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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