Bitcoin (BTC) • We might have NOT bottomed at all

Bitcoin / United States DollarCoinbase

Description

⋅ May 20, 2021 9:37 PM

Current correction going on as expected BUT more aggressively than expected.

Chances are now in for a possible retest of 45k and new lows at 25k due to ongoing gaps visible on BAKKT and CME.

The 25k range is also confluent with Monthly average of November and a relative 50% between the high/low during that period of time.

Here's what I think might happen. (but its irrelevant. We should evolve with the market)

Trend Analysis Technical Indicators Bitcoin (Cryptocurrency)BTC BTCUSD xbt XBTUSD

Comments

JGoldmann

⋅ May 20, 2021 10:16 PM

One of the best comprehensive BTC overview. Love it!

D7R

⋅ May 20, 2021 10:21 PM

@JGoldmann, thank you Sir. 🤝

JGoldmann

⋅ May 20, 2021 10:19 PM

Will be really glad to see your next video about DOGE.

poplach

⋅ May 22, 2021 7:01 AM

Completely agree that it will go much lower. Just needs a bit of correction. I would say this year we won't see higher high, because we already have 0.618 correction on a monthly chart, dropping even lower won't leave any chances to restore quickly.

D7R

⋅ May 22, 2021 7:02 AM

@poplach, I do believe however we have new highs this year. Possibly above 200k.

EradXX

⋅ May 21, 2021 2:58 AM

The volume is low on coinbase cause they were one of the first exchanges to go down or restrict users. Check other btc charts. On most BTC charts volume was pretty massive. Dont know if that changes anything for you.

D7R

⋅ May 21, 2021 7:20 AM

@EradXX, it only means that not enough liquidity switched hands. Smart-Money need to get what they want/need.

One01MilTrader

⋅ May 22, 2021 2:10 AM

Thank you so much. This is such an awesome analysis. 🙌👏👍

Pab777

⋅ May 21, 2021 2:24 AM

thanks best analysis on TV

AQcrypto

⋅ May 20, 2021 11:42 PM

Great video, Thank you.
Interesting thought, @2:00 One thing about the Volume is many people had trouble trading yesterday.
Kraken was in post-limit only mode. Many other exchanges were having trouble.
Personally I was only able to trade 15% of my portfolio, because the rest was stuck in Transfer until today.