The Bitcoin Selloff is About to Get Much Worse: Here’s Why… – BTC/CRYPTOCURRENCY TRADING ANALYSIS

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.
To join VIP, click on my name (@Forflies) at the bottom of Telegram posts and message me. This is the only way to join VIP.
Info on the Forflies Indicator.


Follow me on Twitter:

TradingView (where I chart BTC):
Bitmex (for a discount on fees):

Books I recommend –
Technical Analysis of the Financial Markets:

Market Wizards:

I make YouTube videos on cryptocurrency news, crypto altcoin analysis, bitcoin trading strategies and a lot more. You’ll find a lot of videos on gems to invest in and learn how I’ve earned money using Bitcoin.

None of my Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Cardano (ADA), Verge (XVG), Tron (TRX), Binance Coin (BNB) videos – or any other cryptocurrency videos/online posts – count as financial advice. I am not liable for any losses you may incur when trading crypto, always do your own research (DYOR).

Business email:


Recommended For You

About the Author: Forflies


  1. wow, this thing dropped like a rock!! I knew it would happen, some dumbass was saying it would go to $100,000 BWAHAHAHAHA moron. Alot of people lost millions chasing this BS hype!

  2. This is why you dont hold onto bitcoins like a savings account. People hold onto them expecting a bull run and never expecting a bear market, and act surprised when they lose money. The money is in trading it. Study patterns, make 3 trades a day, make 1-2% profit each trade and well. 200 will turn to 500 in a month. Then 500 to 1300. And so forth. Best part is you're on the frontlines for drops, and they can actually be your friend. Spikes almost always happen after dips. So price falls, invest, 20 minutes later it spikes, and profit

  3. So u think the high teir banks will buy lots of their stocks to try and get money out of bitcoin for themself or even kill it?
    Bc Ik Soros brought alot of bitcoin too. Did he sell his???

  4. There is nothing backing bitcoin. I repeat, there is NOTHING backing bitcoin. People buying into bitcoin are buying into a promise based on a money laundering market.

  5. I disagree with your argument on risk tolerance. because the original topic of this video is the need for institutional investors, and they are the ones who sell at the beginning of dips (that's what creates the beginning of market momentum, in my opinion). the concept of risk tolerance as an emotional sentiment is a factor to be considered when discussing average investors, but when the average investor will choose to stay away from an investment because of a low risk tolerance, that's when institutions will want to swoop in and buy, creating a new trend (pretty sure this is one of the basic principles of the philosophy of contrarianism). I think that considering the fact that institutions stand behind the beginning of different trends (and even if this is not the case, it can definitely be argued that they usually know to analyze markets and make the best of most situations) is the reason the idea of risk-tolerance is an erelevant factor when discussing them.
    also, I think the average investor switching over from the stock market to the cryptocurrency market will be unaware of the sentiment of the few loyal to this space. what I hear from anyone who isn't involved in cryptocurrency is that btc is a risky investment that has seen it's last day in the sun. naturally anyone who chooses to remain in this space has an optimistic sentiment (otherwise they'd leave). even you speak of the lows btc will have to reach to defy the trend and move back upwards, meaning you also believe in btc in the long term. I think anyone who's remained in this space so far has no elusions that btc can sink no further. yet, obviously anyone who will ever bother remaining in any investment are people who believe it still has some sort of chance.
    I think we've already been seeing the dysphoria you've described, and we need to wait for the selloff of disappointment to end. but who knows, as far as the factors you've brought up, we could already be at the end of that (not necessarily), considering the arguments I've brought up.

    another argument I'd like to make is that an experienced investor will calculate risk by volatility. and, if anything, reaching low levels always creates an opportunity to argue that the worst is passed and the market is ripe for the taking.

  6. Yeah….na. There are a few points, but generally I do not believe the co-relation between traditional markets and crypto is as direct as you have forecasted. The good news is, we can all refer back to this video over the next (2) yrs and see if your analysis holds up. So there is that.

  7. ​@Forflies
    Thank God there is at least one person in the internet talking sense about Bitcoin.
    The cryptocurrency "experts" told us to grab it at a bargain for $10,000, then $9000, then $7500, then, then, then . . . And they are still saying buy Bitcoin because the sky's the limit. Teeka Tiwari claims Bitcoin will hit $40,000 by year-end. I have a rule of thumb: Never take financial advice from anyone named Teeka.

Leave a Reply