Bitcoin and EOS Technical Analysis: PRICES CONTINUE TO GET SQUEEZED

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·@workin2005·
0.000 HBD
Bitcoin and EOS Technical Analysis: PRICES CONTINUE TO GET SQUEEZED
![Analysis_Logo Resize.png](https://cdn.steemitimages.com/DQmPGS4NFos8KZvW7KRjkYs21czufu92Vr9qooFwGNJm5vc/Analysis_Logo%20Resize.png)
### Looking at the big picture, we can see bitcoin continues to get squeezed within a tighter and tighter range. This suggests a new trend should be established by the end of November, but no later than mid December. 
![Screen Shot 2018-11-12 at 3.40.25 PM.png](https://cdn.steemitimages.com/DQmRmE4QvRWLKLik5SpbXYTCx37ysxhXYmmuYUPVxfVbM9r/Screen%20Shot%202018-11-12%20at%203.40.25%20PM.png)
### The monthly LOG scale chart reveals price has nearly reached the larger ascending support line. This also suggests a new trend should be established in the next month. 
![Screen Shot 2018-11-12 at 3.49.24 PM.png](https://cdn.steemitimages.com/DQmY9N4qvjWBLXUGou5W9M4RsNwriGj24Y7PgQrAp5rLVRx/Screen%20Shot%202018-11-12%20at%203.49.24%20PM.png)
### Zooming in on the daily chart, we can see price has been unable to decisively break above the $6,340 resistance. 
![Screen Shot 2018-11-12 at 3.42.00 PM.png](https://cdn.steemitimages.com/DQmQQVcekq2Nd5Q3ojCs71eYCJznfntac5T5AoFCKR9xVpm/Screen%20Shot%202018-11-12%20at%203.42.00%20PM.png)
### In my last EOS update, I told you to watch for a bounce between $5.33 and $5.30. Price bounced nicely just below that zone at around $5.29. EOS is now hovering around $5.45. 
![Screen Shot 2018-11-12 at 3.43.52 PM.png](https://cdn.steemitimages.com/DQmRKpn9rAagy3TFYjQVBfNgXA6p4rMpARcYEsvfz81otMa/Screen%20Shot%202018-11-12%20at%203.43.52%20PM.png)
### In today’s video analysis I discuss where price may be heading next, critical areas to watch, traps to avoid and so much more. I hope you find it helpful. 
## Video Analysis:
https://youtu.be/vUfyYtYMrrI
#### *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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