This market trading analysis applies to various exchanges, including Bitmex and Binance. Tackling questions like if Bitcoin can reach 20k again and if we will be seeing a crypto currency market recovery this year. Things like the lightning network have provided huge improvements for BTC and while it is true that others like Roger Ver with Bitcoin Cash (bcash) may disagree, I do see these blockchain technology innovations to be very bullish fundamental signs for the space.
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– Forflies


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About the Author: Forflies


  1. We're going lower in the near future. You completely ignored the massive bearish divergence on the RSI.
    The golden cross hasn't even happened yet but you all expected to go to moon immediately. Lol
    It'll go to the moon but only next year, I think.
    $6000 has incredible resistance and it'll take months to break through that massive wall of resistance.

  2. I would expect to test the lows near 3k again before a lift off. Historical this is what BTC did before the next cycle started. Anyway, the recent 15min pump to 5k was not organic action. I did not believe it will hold for a long time and did go short at about 5.3k. It may be luck but i feel confirmed now 🙂

  3. It was not a rising wedge, but an ascending triangle. You must consider all the wicks, else it would not be valid. Bitcoin did respect the ascending triangle.

  4. I appreciate your analysis but did it ever occur to you that not everyone that watches appreciates your foul mouth? There is not excuse for it.

  5. Hey Forflies, long time listener, i was wondering if you follow Krown's Crypto cave, i find him one of the few very good TA people, I tried watching Kirby but i didn't like his style, too pushy and trying to create these NLP triggers for people by clapping and snapping his fingers every 4mins, telling me to subscribe to VIP. I appreciate your much more calm an professional approach

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