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ZoroCapital
Feb 5, 2020 1:03 PM

BITCOIN WHAT IS REALLY HAPPENING HERE ?  Short

BITSTAMP:BTCUSD1M
Bitcoin / U.S. dollarBitstamp

Description

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EXCITEMENT THE ONLY FACTOR THAT REALLY DRIVES BITCOIN.
Trend Analysis
Comments
parwe
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manipulations this is not healthy market XD
ZoroCapital
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@parwe, a lot of manipulation indee. :)
karolstepnikowski
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@parwe, It looks like a rocket on a launch pad that is ready for take-off.

CCI is at over 100 as the last week closed above it, last time it happened we had major bullruns and ritual run ups.

If you have BTC I would advise to HODL and not sell yet.
ZoroCapital
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@karolstepnikowski, MY IDEA IS THAT THIS MAY BE A GOOD TIME TO GO SHORT
karolstepnikowski
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@ZoroCapital, that idea is absolutely reasonable, and I quite like it myself, but i will not be shorting, I would rather open a long with a tight SL in case if you missed the boat, but otherwise your idea is as sound as they get.
Cryptalion
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EXCITEMENT THE ONLY FACTOR THAT REALLY DRIVES BITCOIN. Can't agree on that ;)
What drives the Bitcoin price!
TheCryptoChartWhisperer
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s3.amazonaws.com/tradingview/snapshots/j/J134IM3y.png
ChristopherCarrollSmith
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I think factors like interest rates and the halvening also drive Bitcoin, and those would imply a more bullish scenario, at least in a 3-4 month timeframe.
Cryptalion
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For me at this moment this is less likely scenario!
karolstepnikowski
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It's very bearish according to you, lets see what happens...
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