Bitcoin and EOS Technical Analysis: BEAR TRAP OR LOWER PRICES?
Bitcoin is currently dropping just below $3,600...a key support. If the daily candle closes below $3,600, I believe we could see a quick drop to at least $3,400.
EOS has broken below $2.45. It’s currently finding support at $2.11. If this support breaks, I believe we could see a quick drop to $1.85.
In today’s video analysis I discuss, where prices may be heading next, traps to avoid, key areas to watch 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/workin/) 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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Great video and agree, no catalyst for prices to go higher at the moment.
Thanks Rolland. Yeah...other than a possible short squeeze, things aren’t looking great.
"The catalyst" really is the single most important thing in crypto right now. There isn't one (yet), but I feel that we're sitting on such a knife edge that anything could become that catalyst.
Can I hedge my bets and say both? I believe we will see lower prices, including a bear trap-like capitulation event.
$3,000 is looking very probable.
Yes, I think we will drop to about $3200 and then if that doesn't act as a springboard, another drop to $3k or just below it.
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