THE BULLS HANG ON...FOR NOW: Bitcoin Technical Analysis

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·@workin2005·
0.000 HBD
THE BULLS HANG ON...FOR NOW: Bitcoin Technical Analysis
![Analysis_Logo Resize.png](https://cdn.steemitimages.com/DQmPGS4NFos8KZvW7KRjkYs21czufu92Vr9qooFwGNJm5vc/Analysis_Logo%20Resize.png)
### Though it’s tried, bitcoin's been unable to decisively break above the $6,750 resistance (neckline of the prior inverse head and shoulders). Still, the bulls have held on to most of their gains..for now. As long as price remains above the $6,540 support, I’ll remain cautiously optimistic. That said, volume must increase for any type of sustainable bull run to occur. As of now, volume remains relatively weak.
![Screen Shot 2018-08-26 at 2.44.50 PM.png](https://cdn.steemitimages.com/DQmPbgedbjoMyd5PJcmT235NM5Fw4SoknHz4kNCgeH39wiN/Screen%20Shot%202018-08-26%20at%202.44.50%20PM.png)
### Zooming in on the 4 hour chart, price seems to be operating within a wedge. This indicates we may see a larger move over the next 24 hours.
![Screen Shot 2018-08-26 at 2.49.21 PM.png](https://cdn.steemitimages.com/DQmWVghAjHfB6LTWcqkBvEhfR2aFPqxxWRMM5dJMaM9kw1n/Screen%20Shot%202018-08-26%20at%202.49.21%20PM.png)
### In todays video analysis, I discuss short term price movement, traps to avoid, trade setups, market psychology 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/qamzkiFwnZA
#### *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 and Slightly Bullish**
**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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