![Screen Shot 2018-06-15 at 6.20.45 PM.png](https://cdn.steemitimages.com/DQmbr6sL1CCknNr63LcQhWD4G9CE1R6p5iKrebioH73BGUj/Screen%20Shot%202018-06-15%20at%206.20.45%20PM.png)
### Bitcoin is consolidating within a wedge. I’m preparing for a possible breakout, in one direction or another, within the next 8-10 hours. 
![Screen Shot 2018-07-26 at 11.11.35 AM.png](https://cdn.steemitimages.com/DQmf1QCGVFjXtgKnehHC2eNgkF2G1vRCqicfuhgR6LNpJj6/Screen%20Shot%202018-07-26%20at%2011.11.35%20AM.png)
### As I pointed out in my update yesterday, I do see a possible path to $8,750. For the detailed version, watch my video update from yesterday. The bottom line is, if wave 5 is not yet complete, we could see one more push up that may play out like this: 
![Screen Shot 2018-07-26 at 11.25.27 AM.png](https://cdn.steemitimages.com/DQmYFzMC6ZnLGaBhR3vvRWKZHKDEtPA79jU7ZZrji4Y9M8m/Screen%20Shot%202018-07-26%20at%2011.25.27%20AM.png)
Zooming in, if this bullish scenario played out, it might look like this:
![Screen Shot 2018-07-26 at 11.15.24 AM.png](https://cdn.steemitimages.com/DQmXV3wCXrLwBawcKJKF7Vyntwir1NdxHV5FvLnQYx1iQDU/Screen%20Shot%202018-07-26%20at%2011.15.24%20AM.png)
### The 4 hour Stoch RSI is oversold, suggesting a possible break up. However, the 1 day Stoch RSI is overbought...and has been for a few days now. 
![Screen Shot 2018-07-26 at 11.16.26 AM.png](https://cdn.steemitimages.com/DQmeFoPP6vhK2aQjwgCgBP71ZEJWu9wejRTVvR1jQo27tu8/Screen%20Shot%202018-07-26%20at%2011.16.26%20AM.png)
![Screen Shot 2018-07-26 at 11.16.50 AM.png](https://cdn.steemitimages.com/DQmSUaTzGEthhTChE4BKqw11t6HGWm3nheT5HUBVrobnvq8/Screen%20Shot%202018-07-26%20at%2011.16.50%20AM.png)
### This could lead to a bull trap where price breaks up to test the 0.618 fib level, only to quickly be rejected. 
![Screen Shot 2018-07-26 at 11.14.08 AM.png](https://cdn.steemitimages.com/DQmZ97NLB2u7MxzcRY2oiJ2inkuGxZfb6qU6Qjqbo6mdctE/Screen%20Shot%202018-07-26%20at%2011.14.08%20AM.png)
### Watch my video analysis for MUCH more detail not found above. If you’re not watching my videos, you’re only getting half the story. 
### *If you’re viewing this on a site other than Steemit, and you don’t see the below video, navigate to Steemit in order to watch.*
## Video Analysis:
https://youtu.be/EWf45wTaByE
**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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