Bitcoin Technical Analysis: CONSOLIDATING BEFORE NEXT MOVE

Bitcoin Technical Analysis: CONSOLIDATING BEFORE NEXT MOVE
December 30 23:13 2018

Bitcoin continues to consolidate just above of the $3,800 support on Coinbase. Volume remains low overall, which is a bit concerning. Price is being squeezed as the bulls and bears fight for control. I wouldn’t be surprised to see a larger move in the next 24-48 hours.

Screen Shot 2018-12-30 at 5.23.12 PM.png

Looking at the daily chart, we see price is hovering right on top of the 21 Day EMA.

Screen Shot 2018-12-30 at 5.25.00 PM.png

In today’s video analysis I discuss, various scenarios to prepare for, where price may be heading next 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 an Account on Binance here:
https://www.binance.com/?ref=16878853

Support the Crypto Ecosystem with Brave Browser:
https://brave.com/wor485

Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005

view more articles

About Article Author

Workin
Workin

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.

View More Articles
write a comment

0 Comments

No Comments Yet!

You can be the one to start a conversation.

Add a Comment