Bitcoin, EOS, Ethereum and Ripple (XRP) Technical Analysis: REMEMBER THE BIG PICTURE

in #cryptocurrency5 years ago

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As we’ve discussed in the past, Bitcoin has been repeating the same pattern for all of 2018. It’s reached a point that the pattern will soon get broken. Looking at the big picture, we can see the market has lost momentum with every rally. Each one has been a little weaker than the last. It’s finally reached the point of flatlining. I don’t think that will last for long. In the past, we’ve seen bitcoin move sideways for long periods of time. The difference now is, institutional money is coming...and people know it.

Screen Shot 2018-10-09 at 11.41.05 AM.png

In today’s video, I analyze Bitcoin, EOS, Ethereum and Ripple (XRP). I discuss market psychology behind the next big move, where prices may go from here, possible entry points for each coin and MUCH more. You’ll also find key areas of support and resistance for each coin below today’s video. I hope you find it helpful.

Video Analysis:

Bitcoin key areas of support and resistance:

Screen Shot 2018-10-09 at 11.44.06 AM.png

EOS key areas of support and resistance:

Screen Shot 2018-10-09 at 11.45.19 AM.png

Ethereum key areas of support and resistance:

Screen Shot 2018-10-09 at 11.46.29 AM.png

Ripple (XRP) key areas of support and resistance:

Screen Shot 2018-10-09 at 11.47.31 AM.png

If you’re viewing this on a site other than Steemit, and you don’t see the above video, navigate to Steemit or TIMM (https://mentormarket.io/profile/@workin2005?aff_id=Workin2005) 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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Always a pleasure

Thanks @heyimsnuffles. Back at you!

Nice one, EOS seems really in the edge to breakout ! Gogogo :D

Posted using Partiko iOS

It’s certainly clawing at that resistance. The entire market looks ready to move this week.

Agree Bitcoin could go in either direction from here. Important to wait for the break. Interesting to see short picking up though, wrote about this today. https://steemit.com/cryptocurrency/@technicaltrader/bitcoin-btcusd-shorts-increasing-as-apex-approaching-squeeze-potential-but-confirmation-still-required

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