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Bitcoin and EOS Analysis: TRYING TO BREAK OUT

workin2005Posted for Everyone to comment on, 5 years ago2 min read

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Bitcoin continues trading within a tight range. While it’s been unable to break above key resistance at $6,540, it has held onto the gains its made over the last few days.

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EOS did break out of a strong supply zone and seems to be consolidating. It looks like it may come back down for a retest of at least $5.50. Bulls should be looking for a bounce somewhere between $5.50 and $5.45. A strong bounce off that area could send price soaring to around $6.00. If the $5.45 support fails, we could see a drop to at least $5.26.

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In today’s video analysis I discuss, market psychology, traps to avoid, 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/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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Twitter handle is @Workin2005 and Facebook is https://www.facebook.com/Workin2005


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