Yuriy_Bishko

Bitcoin, Price made false break down of trend line

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
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The breakdown was good, but bitcoin = stock market nowadays so i see this as a false breakout again (on 1h you see the pump shows bearish divergence on volume).
I am bearish on bitcoin for fundamental reason, no buyers at 9600 and higher, only sellers (following wyckoff distribution). However, as long as the stock market gets pumped by the fed, bitcoin will keep going up. Let's hope fed manipulation ends soon!
+1 Reply
Yuriy_Bishko boleroking
@boleroking, thanks for sharing your thoughts
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triquista boleroking
@boleroking, This is exactly how I see on my chart
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very tight correlation with SPX... If it moons the we gonna make a HH.. otherwise I'm bearish. Made a fresh weekly review, come check it out
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Thank you for your updates.
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also a bullish idea
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Your trend line is not correct my friend, appreciate your work though
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Good Video - look forward to more in the future.Thanks!
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