Technical Analysis on Bitcoin: Waiting for the Next Big Move

workin2005 (67)in #bitcoin • 6 years ago (edited)

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I decided to make a video as it was quicker than my typical text analysis. I apologize for the interruptions throughout. I was multitasking and babysitting a 5 year old...haha. Good times.
If you like the video format more than the text, let me know.

If you're viewing this on a site other than Steemit, you may need to actually navigate to Steemit in order to watch the video.

Bitcoin Analysis Video:

Below you’ll find screen shots from my video analysis. Please watch the above video for much more detail.

Overview of major resistance/support areas:

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Broke Above 21 Day EMA Resistance:

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1 Day MACD Histogram being Squeezed:

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Big Picture Count:

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Bullish Count:

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Zooming in on Bullish Count:

Screen Shot 2018-06-25 at 3.40.19 PM.png

Bearish Count (Still Primary):

Screen Shot 2018-06-25 at 1.08.02 PM.png

BIAS:
Short Term: Slightly Bearish
Longterm: Very Bullish

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Thanks for stopping by.

If you found this post informative, please:

If you don’t have an account on Binance, I STRONGLY recommend getting one. They’re usually the first to get reputable coins, have excellent security and second to none customer service. You can sign up here free of charge: https://www.binance.com/?ref=16878853

FYI…I just started a Facebook and twitter page where I’ll post analysis, along with other relevant crypto data from myself and others. If you’d like to be notified as soon as updates reach Steemit, the twitter handle is @Workin2005 and the Facebook page is https://www.facebook.com/Workin2005/

Published on

by Workin2005

#cryptocurrency #money #crypto #timm

6 years ago in #bitcoin by workin2005 (67)

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timm (67) 6 years ago

Thanks for the video @workin2005, truly enjoyed and hope to see more!

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3 votes

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workin2005 (67) 6 years ago

Thanks @timm. Appreciate the support!

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1 vote

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scorer (58) 6 years ago

Excellent video! I liked your chart + text analysis, but this is awesome. 👍🙌

This format is the best for me. In a video you explained some details that were missing in short text analysis. Yes, I guessed them, but now you just gave a short comment and it helped to confirm that my guess was right or wrong. This is definitely the way to go.

I'm a content guy and have built, as a solo or together with teams, some great communities in my professional life. From my experience, your content is the best on Steamit right now. Kaboom guy has left the building and this place is yours. This is just a matter of time to reach thousands of followers. If you keep it short and it does not ruin your life too much then Steemit community will compensate your time with some STEEM.

Think about it as a daily routine and build a system around it. So that you can do it in a fast and effective way, without an extra effort. That way it becomes as a passive income for you and lasts longer for us - your followers. 😉

Thank you!

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2 votes

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workin2005 (67) 6 years ago

Thanks @scorer. I appreciate the kind words and support. I’ll work on more videos in the future. This week is going to be difficult as I’m on vacation with family. Starting next week I’ll try to incorporate a more consistent, streamlined system. Thanks again for your feedback my friend.

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1 vote

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scorer (58) 6 years ago

Life happens. That is why you need to build your own system that is not ruining your daily activities. If you are a trader and do your own analysis then this should be no big deal.

About trips. Followers respect you more if you leave them without analysis from time to time. This is no joke. But it is a good practice to inform in advance that you are out next week, month or whatever time. Respect from both sides is the best way to create long lasting relationships.

Take your time, experiment and do not worry. You now have only 533 followers, that is around 1.78% from 30,000 you will have next year. 😎

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1 vote

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workin2005 (67) 6 years ago (edited)

Good advice. Thanks Scorer.

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bitbrain (63) 6 years ago

I agree with scorer. This multi-pronged approach works well, it gives me options depending on how much time I have and how much detail I want. I may have to try the same thing myself!

I also like your TA and consider it to be very good. My only advice would be that you could shorten the video. Modern attention spans aren't what they used to be!

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1 vote

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workin2005 (67) 6 years ago

Thanks @bitbrian. I agree...the video needs to be much shorter. This was my first time trying it...and I was NOT in the best environment. Haha. Going forward, I’ll try to limit them to a few mins or less.

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1 vote

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bitbrain (63) 6 years ago

Good luck. I've been trying to write short posts for months now. Still no real success on that front!

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transcript-junky (63) 6 years ago

Hey man! It's always great to hear a voice to go with the info. I suggest that you simply post BOTH the videos AND the image charts into the future. In my experience in marketing this seems to be the ideal presentation, as it hits BOTH the visual and auditory-inclined learners. Also, some of us sit up at the computer for so many hours each day that an audio or video is eagerly welcomed, as it allows us to lay back and rest the aching body. Just my take...

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1 vote

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workin2005 (67) 6 years ago

Thanks for the feedback @transcript-junky. In the future, I’ll most likely incorporate both as you’ve suggested.

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1 vote

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ajaycrypto18 (16) 6 years ago

@workin2005 vedio formate is more better than text. Watched the full vedio... perfectly explained, learned interesting points about trading.
As you said bitcoing did not cross the support line till now, means bulls are still in fight.
Yes, we need to trade smart as crypto market is extremely difficult to predict.
Hope Bullish count... on the way
Thanks again..
Hope to see more vedio like this one...✌️✌️✌️