![Analysis_Logo Resize.png](https://cdn.steemitimages.com/DQmPGS4NFos8KZvW7KRjkYs21czufu92Vr9qooFwGNJm5vc/Analysis_Logo%20Resize.png)
### Bitcoin continues to consolidate, remaining between $6,540 and $6,280. It’s briefly broken above and below this zone, but was quickly pushed back within. This can't continue much longer in my opinion. If price can take out the prior high of this structure ($6,640), I think it may rise quickly to $7,000. If price decisively breaks below $6,240, a drop to at least $6,100 is likely. 
![Screen Shot 2018-08-21 at 4.41.01 PM.png](https://cdn.steemitimages.com/DQmREshdJTnf1fLD9hvFrzjSPQPizddrJY3uT81ECg7ByBC/Screen%20Shot%202018-08-21%20at%204.41.01%20PM.png)
### We’re seeing many mixed signals in the market. The 4 hour and 1 day MACD look to be crossing into bullish territory. 
![Screen Shot 2018-08-21 at 4.42.37 PM.png](https://cdn.steemitimages.com/DQmaNgfAxjCgjkF9hvdNVS2LuMz1NWU2dAGu4U8dV4p6Bzq/Screen%20Shot%202018-08-21%20at%204.42.37%20PM.png)
![Screen Shot 2018-08-21 at 4.43.10 PM.png](https://cdn.steemitimages.com/DQmcouVXr7h1NEevWJW32A6HkEV6aZqG3ALVoQkc5eKC7hL/Screen%20Shot%202018-08-21%20at%204.43.10%20PM.png)
### Shorts are stacked in a straight line. This suggests we may see market makers push price up, at least temporarily, to liquidate many short positions. 
![Screen Shot 2018-08-21 at 4.45.19 PM.png](https://cdn.steemitimages.com/DQmWJdyYFzki5n1BowtHT63cTJWSa8eyUMDP13YE6rM2zJk/Screen%20Shot%202018-08-21%20at%204.45.19%20PM.png)
### The 4 hour Stoch RSI is nearly overbought. 
![Screen Shot 2018-08-21 at 4.43.58 PM.png](https://cdn.steemitimages.com/DQmVn8ehexxzepLTyPMWDvqzy6azK4ixFtBjPePn8nUhnnb/Screen%20Shot%202018-08-21%20at%204.43.58%20PM.png)
### The 1 day Stoch RSI is overbought. 
![Screen Shot 2018-08-21 at 4.44.20 PM.png](https://cdn.steemitimages.com/DQmX21KgrjhDDbxwhPfb99PQAyh26kBCikMYHzjmZMFgHPa/Screen%20Shot%202018-08-21%20at%204.44.20%20PM.png)
### This suggests a we may see a pull back in price. As I said, we’re seeing mixed signals. 
### Looking at the 4 hour chart, the 8,21 and 55 day EMA continue to converge. The 50 day MA is also converging with the mentioned EMA’s. The Bollinger bands continue to bottleneck. This all suggests a major move in price is coming in the next day or 2. 
![Screen Shot 2018-08-21 at 4.46.54 PM.png](https://cdn.steemitimages.com/DQmdNYLtNZcB3zq81YsnzjyzEJrrEqDcqsaeARf6SJAA4cB/Screen%20Shot%202018-08-21%20at%204.46.54%20PM.png)
### In today’s video analysis, I discuss price movement, key zones and situations to watch out for and MUCH more. If you’re not watching my videos, you’re only getting a small part of the story. 
## Video Analysis:
https://youtu.be/RjHC3NckVOQ
#### *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.*
### BIAS:
**Short Term: Neutral**
**Longterm: Very Bullish**

**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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