DataPatron
Short

Bitcoin seems to be ready for final capitulation

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Hi, guys. As you now I am constantly bearish in crypto this year until evidence show me the opposite. Several months has bitcoin consolidating in tight range between 3300 and 4400. Now it seems to be completed sideways mission, long term volatility as at at all time low so really HUGE movement is around the corner. I am almost sure another red leg symmetrical to previous one (from 6 to 3k) is before us.

Good luck and take care!

-DP-
Comment:
Comment:
Comment: Retest of 4200 is behind us! Short term breakout soon?
Comment: Bulls are still trying to break 4200 resistance. Chart is signalling double top pattern and fourth attempt to break this level. RSI is showing bearish divergence. Reversal from here could be very bearish movement..
Bulls are still trying to break 4200 resistance. Chart is signalling double top pattern and fourth attempt to break this level. RSI is showing bearish divergence. Reversal from here could be very bearish movement..
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Keep it.



Enjoy
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Just be careful with that short around 3600.
+1 Reply
We found a correlation between S&P500 and the price of BTC. In December 2018 we had a massive sell-off on S&P500. Some part of this money was pumped into BTC.

We think the correction on S&P500 is close. We may have additional money on BTC. We just need a couple of days more.

+1 Reply
DataPatron WBM_Team
@WBM_Team, great observation, I look at both charts as well. it seems next selloff will be on both. or at least S&P500 needs correction to 2600 levels
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Worst case scenario for Bitcoin and why..
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DataPatron TheCryptoEZ
@TheCryptoEZ, there is no support at that area. possible but unlikely imo :)
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If you think btc has a chance to go to 800 you are drunk lol
+2 Reply
Not really, we need to make another impulse down just before a new wave up.
+1 Reply
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