Trybe TV – Bitcoin Technical Analysis: TESTING RESISTANCE – by Workin

Trybe TV – Bitcoin Technical Analysis: TESTING RESISTANCE – by Workin

Bitcoin corrected to $6,295 (0.382 fib) before bouncing. It tested the $6,360 resistance, but (as of writing this update) was unable to break through.

Looking at the daily chart, we can see price is finding resistance at the 8 day EMA.

In today’s video analysis I discuss, where price may go from here, the bearish statement made by BitMex CEO Arthur Hayes, traps to avoid and MUCH more. I hope you find it helpful.

Video Analysis:

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

Disclaimer: I am NOT a financial advisor and this is NOT financial advice. Please always do your own research before investing. 

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Recommended2 recommendationsPublished in Blockchain & Cryptocurrencies, Trading, Bitcoin (BTC), Finance, Top Rated, Trybe TV

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