Bitcoin and EOS Technical Analysis: LOOKING FOR BOTTOM

Bitcoin and EOS Technical Analysis: LOOKING FOR BOTTOM
December 11 22:34 2018

Bitcoin has dropped back into a known support zone between $3,400 and $3,250. It tried breaking above $3,400 again, but has been unsuccessful as of writing this update. If $3,400 continues to act as a strong resistance, I believe price could quickly fall below the $3,250 support.

Screen Shot 2018-12-11 at 5.16.02 PM.png

EOS has fallen to the $1.85 support. It’s currently trading just on top of that area at around $1.87. If price drops below $1.72, we could see a quick drop to $1.25.

Screen Shot 2018-12-11 at 5.16.18 PM.png

In today’s video analysis I discuss, where the bottom may be, price movement in the short term, 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 ( 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!


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About Article Author


From retired airline pilot to full time crypto trader. Trading cryptocurrency provided the means to walk away from a demanding career to enjoy time focusing on what's important in life - family and friends. Helping others navigate the volatile crypto market is an amazing bonus.

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