Bitcoin Drops! Can Bulls Make a Comeback?

In my last update we discussed the real possibility of bitcoin breaking down to test $9,950 (0.618 fib), where I said to expect a decent bounce. Price has since done just that, bouncing right below $9,950 and currently trading around $10,500. If you took that scalp trade, congratulations!

Screen Shot 2019-07-15 at 10.34.35 AM.png

Price has broken below the 21 day EMA. It found support right on the 50 day MA.

Screen Shot 2019-07-15 at 10.34.56 AM.png

In today’s video we’ll discuss where price may be going from here, key areas to watch, price targets, and so much more. I’ll also answer some of your questions. I hope you find it helpful.

Video Analysis:

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/profile/?workin2005/) 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

Get paid for viewing ads and Support the Crypto Ecosystem with Brave Browser. Free download here:
https://brave.com/wor485

YouTube: https://www.youtube.com/c/workin2005
Twitter: https://twitter.com/workin2005
Facebook: https://www.facebook.com/Workin2005
Feature Image By: Saul Gravy

About the author: TIMM Trader
Uniting Experts & Novices for Mutual Profit!

Add your Scripsio!

Join Scripsio and write what you write!

Be a part of the Scripsio community. Share what you have written.

Comments

No comments yet