<center>https://mentormarket.io/wp-content/uploads/2019/06/Analysis-logo.jpg</center> <br/><h3>Bitcoin took out the prior local high, rising to nearly $8,300 before bears stepped in to push it back down. It’s currently trading within a major area of resistance between $8,250 and $8,150. Until we see a 4 hour candle open and close above this resistance, be aware of a possible bull trap. That said, price did break out on a decent amount of volume. The fact it hasn’t been strongly rejected is significant. Should we see a 4 hour candle open and close above $8,150, I’d have to favor the bulls with another move up testing $8,450.</h3>
<img src="https://img.whaleshares.io/wls-img/workin2005/1aa3039ed925ce3ccf92ed6374aaa9be15c23b57.png" alt="Screen Shot 2019-06-12 at 11.46.13 AM.png" />
<h3>Price is now above the 21 day EMA. If today’s candle closes above it, that would signal a bullish shift in momentum...at least short term.</h3>
<img src="https://img.whaleshares.io/wls-img/workin2005/9db77b483654f0b819db8cd3fa5e3c7209577fcd.png" alt="Screen Shot 2019-06-12 at 11.46.31 AM.png" />
<h3>If you’ve been watching my video’s, you know we’ve been discussing the gap on the CME chart between $7,200 and $7,450. This is likely to get filled at some point, even if bitcoin does rise in the short term.</h3>
<img src="https://img.whaleshares.io/wls-img/workin2005/8a22120b3366b2cd7443e7584cb3b2d0deab904b.png" alt="Screen Shot 2019-06-12 at 11.49.46 AM.png" />
<h3>In today’s video I’ll discuss where price may be heading next, key areas to watch, traps to avoid and so much more. I hope you find it helpful.</h3>
<h2>Video Analysis:</h2>
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https://youtu.be/OJuPIcI5iLs
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<h4><em>If you don’t see the above video, navigate to TIMM (<a href="https://mentormarket.io/workin/" target="_blank" rel="noreferrer noopener">https://mentormarket.io/workin/</a>) or Steemit in order to watch.</em></h4>
<h3><strong>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.</strong></h3>
<h3><em>Workin</em></h3>
<h2><strong>If you found this post informative, please:</strong></h2>
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<center><em>Published by <a href="https://mentormarket.io/profile/?workin2005/">Workin</a>
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