Bitcoin at New Local Lows! Where to Now?

The weekly chart closed yesterday with a nasty reversal candle. Today, as expected, we’re seeing follow through.

Bitcoin has now broken below the 0.5 fib. It’s tested $10K, with a nice bounce. If you scaled that, congrats! It does look like bitcoin will make a second attempt to break $10,000. If $10,000 does break, price may quickly fall to $9,400.

In today’s video I discuss where price may be heading next, key areas to watch, possible targets and so much more. I’ll also answer your questions near the end. 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: This is NOT financial advice. 

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Feature Image By: Saul Gravy