Bitcoin continues to get squeezed, creating higher lows and lower highs. Overall volume remains weak. As price approaches the apex of the larger wedge it’s operating in, we should prepare for a larger move.

Looking at the 4 hour RSI, we can see it’s also getting squeezed. This also suggests a larger move to come in the next 24-48 hours.

In today’s video analysis I discuss, traps to avoid, possible trade scenarios, short term price movement and so 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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Responses

  1. Zeus69

    Thanks for “workin”2005 while everyone is celebrating bud, great post as usual, yeah lets hope 2019 is better for crypto in general. Happy New year my friend and keep on doing what you are great at. All the best for you and the family.
    Regards,
    Mark (Zeus69)

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  2. CryptosDecrypted

    I agree with Peter – excellent, measured TA with a firm eye on risk and capital protection. Cheers @workin2005. Who knows 2019 and the first half of 2020 may be flat or in the doldrums..but a tsunami of positive price action is only a matter of time and a few solid picks.

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  3. AD

    I expected a big drop between Christmas and New Year. That didn’t happen, so I wouldn’t be surprised to see a bull run. 1 year of bear is enough:) Rated *****.

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