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:

– Sami Loyal


Recommended For You

About the Author: Forflies


  1. It should see a test of key resistance in the mid $6000 range and you don't need a chart to know this. Just use your noggin. And at the same time, if you need to sell sell into that rally.

  2. once again, as i'm mentioned before in your comments, the colour of the candle is totally irrelevant. look at volume and wick length. you can have a green candle with a rejection wick with huge volume indicating significant bearish pressure. A red candle measures an open and close price action. it can be 1 cent lower and still be a red candle! this is TA 101 sir! As an example folks, check the 2min ETH at 6am UTC this morning on Binfinex. huge green candle, massive volume, and a huge wick that's just push ETH down 7% over the course of the day.

  3. GPTCash is a community cryptocurrency project that envisioned itself as one of the major payment currency in the GPT Industry.
    Our GPT platform will enable employers, advertisers and different companies to outsource job and manpower for more efficient and cost-effective way to complete their needs. GPT Industry is a billion dollar industry and many work at home people are turning to GPT Platform to earn extra money online.

  4. You have to identify where you are in the fractal accurately. This fractal point is similar to the move to $450 in November 2014. There should be at least a 50% drop once this move up is done whether it is $4000, $4500, $5000. The drop down to $157 in Jan 2015 would mean Bitcoin could capitulate to $1700 to $2000 easily by May 2019 if these fractals are similar. Capitulation on high volume equal to the Dec 2017 volume is needed to end this bear market and form a low.

  5. ehm… lets agree that this push is due to LTC and ETH not other coins. maybe it is alt season and bitcoin gets some due to trading pairs… am I in disbelieve? or is the ETH upgrade in march… like we did have the really due to an upgrade of ETH in Januari which was postponed.

  6. When BTC goes a bit down everyone “1,000$ BitCoin ??” When it goes a bit up..”200,000$ BitCoin”..
    Why we are so so so stupid..
    Look at the past and you will have a picture of the future..
    But.. I know.. it’s pointless try to explain this..

Leave a Reply