Bitcoin Testing Major Support! Analysis + Answering Your Questions

Bitcoin is currently dancing right on top of the $11,000 support. Bears are threatening a break down that would lead to at least $10,650, if not lower.

Screen Shot 2019-07-13 at 2.05.16 PM.png

Zooming in on the 4 hour chart, we can see the Bollinger bands starting to bottleneck. The 8, 21 and 55 day EMA are all converging with the 50 day MA. This suggests a larger move is likely to take place over the next 2 days.

Screen Shot 2019-07-13 at 2.25.56 PM.png

In today’s video we discuss where price may go from here, key areas to watch, targets and so much more. I 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

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

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