Bitcoin Update: Why Bitcoin Is STILL BEARISH! BTC Technical Analysis




In this Bitcoin Update, I explain why I believe Bitcoin is still Bearish. This is a BTC technical analysis where I explain what I have been trading and why. I exited my short and want to see where the cryptocurrency market goes from here before trading again.

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This is not professional advice this is my opinion and take it as that! Do NOT invest without consulting a professional adviser and do not invest on the sole fact that I made a video about something. Everyone should do their own research and invest in what they believe in. This is JUST my opinion and NOT professional advice and am not responsible for any losses or money spent because of an influence this video may have.

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6 Comments

  1. I’ve been listening to what everyone’s been saying. Lots of people are saying 3k and some people are saying 1-1.5k. Tbh I think we could be in capitulation, I think the lowest point will be 2.5-2.8k in the despondency stage.
    The other thing to consider is the biggest red volume candle of all time which would say we are in capitulation. We haven’t seen that, but we have seen the big red volume candles recently from this year. Maybe that’s as big as it’s getting?
    I feel like people are holding out for the bottom and it’s kinda already here.
    If I’m right and we are in capitulation then I don’t think this downward / sideways trend will last much longer. Maybe till February before we start heading back up towards 5-6k.
    I was hoping it would last for longer because I really want to buy some more in the new year . I bought a little at 4K though which I’m really happy with.? I found so many people showering Accolades to a man named WALTER AARAV who has made a great Impact to so many young crypto investors since last year, some said he has the best strategy to trade Bitcoin,I was tired of Gdax and Binance small profits i was getting, so I reached out to him and he gave me the best tips to excel in the world of Crypto. Now I don’t just Hodl, I make more Gains, after 3months I can Boast of increasing my Portfolio from 4Btc to 19Btc*, all Thanks to WAlTER AARAV’s Almighty Formular for Trading, Y'all can reach out to him through His HANGOUTS and Mail *(waltertrading12@gmail. com)"or Telegram +1(323)776-6410

  2. That would still be considered a double top as long as it closes lower than the previous top. In my opinion, we're still going down to about 3300. We hit the .382 fib and we might be hitting the .618 fib if we're lucky, but we'll see. Volume looks low and declining on the 4H chart and I'm sure a lot of people are stacking up their shorts.

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