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TheSignalyst
Feb 1, 2021 2:38 PM

BITCOIN - Detailed Video Update! Short

Bitcoin / U.S. dollarBitstamp

Description

Hello everyone, if you like the idea, do not forget to support with a like and follow.

Here is the top-down analysis for BTCUSD, feel free to request any pair/instrument or ask any questions in the comment section below.

Best of luck!
Comments
RyodaBrainless
The downward movement from bearish will be completing the bull flag pattern. After that, Bitcoin will be moving higher again. According to the movement (4H), both players always use the same formation. So, there is no way for Market Manipulation on Bitcoin. I personally do not trade in this situation.
TheSignalyst
@RyodaBrainless, thank you for sharing your thoughts Ryoda!
BelowZero
@RyodaBrainless, It looks like that is exactly what is happening right now on the 1 H...(the bull flag pattern formation)
But 1 H is usually not all that reliable, I guess we will just have to wait...
jjbuttersnaps
@RyodaBrainless, exactly how I have it charted too. This looks like a classic ABC, with us now being on C leg down to complete correction. But ATH could be summer/fall. Which I also think may be a market-wide peak, before multi year down trend or range. We are seeing hyper inflation, so the market is hedging inflation by putting it in the market. I will not be shorting. HODLing till new highs.
tinoco132
Bitcoin to the moon 🚀🚀🚀
TheSignalyst
@tinoco132 soon 😁
morphix22
Well this didn’t age well 😂😂😂
TheSignalyst
@morphix22 both scenarios are included in the video 🙌
Gambling
I love you.. but
Gambling
@Gambling My take on the current situation..
It's about to get real.. : ) ah haha be ready !
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