Bitcoin Technical Analysis: PRICE BREAKS DOWN...NEW LOWS OR BEAR TRAP?

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·@workin2005·
0.000 HBD
Bitcoin Technical Analysis: PRICE BREAKS DOWN...NEW LOWS OR BEAR TRAP?
![Analysis_Logo Resize.png](https://cdn.steemitimages.com/DQmPGS4NFos8KZvW7KRjkYs21czufu92Vr9qooFwGNJm5vc/Analysis_Logo%20Resize.png)
### Bitcoin has been trading in a tighter and tighter range for the last 2 weeks. Today it finally broke down and out of that wedge. I said in my last 2 updates if price broke down, it’d likely test the prior order structure between $6,235 and $6,200. It did just that, dropping to around $6,215 (on Coinbase) before bouncing back up to $6,275. 
![Screen Shot 2018-10-29 at 12.11.43 PM.png](https://cdn.steemitimages.com/DQmR6FsGxS5VrQsJjHiKVkoignYXKsrGZ5CmcjcVKd9kXDx/Screen%20Shot%202018-10-29%20at%2012.11.43%20PM.png)
### In today’s video analysis, I discuss the possibility of a bear trap, we’ll look at the bigger picture, talk about how I’m trading this market and MUCH more. I hope you find it helpful. 
## Video Analysis:
https://youtu.be/3o03eJhy8Qk
#### *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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