BITCOIN DUMP FULL ANALYSIS! Bounce or more Downside Risk?




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49 Comments

  1. Sunny check the DAILY. Plot the RSI and you will notice a nice bulish divergence. Combined with the 61.8 level might be a good indicator for a new impulse leg

  2. If anyone thinks that no one can stop bitcoin I think you are wrong.trump and USA government can do it .all this manipulation is coming from them

  3. McAfee says that Decentralized exchanges are fundamental is going to be big step ahead of the Cryptos community, so 2020 is crucial year of crypto, after Successful Decenstralized exchanges we have free road for Mimble Wimble implementation without worry of massive delisting Cryptos.

  4. I've used the same trading tools for two decades – sharp declines, sharp rises and especially volume. Firmly think altcoins will fade or greatly decline due to BTC dominance. (Shorted ETH for a long time now.) Forbes noted that crypto volume had declined 97.5% from a few months ago ($200m / day from $4 Billion /day)! This means lower price or rather an inability to go higher. Not a big fan of repeating patterns but we're in a long pattern of range-bound then dropping, a new range and another drop (repeat).

  5. B1! chart bounce off the 200 ma

    plus were near the 7100 gap and the daily looks like a bull flag

    sentiment hella bearish.. from viewing on twitter and watching youtubers..

    plus the whole libra thing ppl were probably uncertain on how it would affect the whole crypto space as a whole.

    oh and oversold on the rsi 7 on b1!

  6. Great video here. I, speaking for myself still stick to my path which has turned out to be very profitable. It’s cool to hodl but what is even cooler is trading using a well established pattern and this I do using Glen Morley’s signals which has helped me become a better trader and also helped me trade with about 2 btc to over 5 in just a fortnight. His signals are that accurate and he can be contacted on Whatsapp: +19092833663 and Telegram @ Gmorley for his guided assistance in trading cryptocurrency

  7. Sunny,great vid as always. How do you deal with the funding rate? Found it are massively into any profits that I made which encouraged me to close the position. How do you deal with this? Bybit is 0.5% but bitmex is 0.35%. Thoughts?

  8. Maybe it won't be the best question. but don't you think that the BTC market and the charts are created (e.g. rare head & shoulders) are not controlled by big players and a supercomputer? Transactions are created to give us the impression of a trend? And after that on few minutes evertyhing trend turns in different way.

  9. Videos after videos after.. Puting lines everywhere trying to figure out like old witches in animal guts.. It's just a waste of time TA is as good as horoscope. A waste of time and money. Videos with news and facts are way more interesting for the long term as many of your cool videos. Please concentrate on that man asteblief ?
    You should have realise by now, you would have more success flipping a coin every day then drawing 2500 lines..
    I love your info videos ?

  10. BTC is pretty much done for and consecuently crypto as well, all we have left is a couple of assets that are good for traders who like to gamble with enormous amounts of leverage .

    Most youtoubers are smart enough to work this out but won't admit it because they are making money from referal links and sponsored videos. Just looking at any youtubers clickbait video titles that basically just go from "why we are going to the moon soon" ame thr very next day "are we going to dump soon?"

  11. Instead of a Fibonacci analyse, you could better watch to the market sentiment. Its clear that this is the "Disbelieve" phase. Heads up, because BTC bulls are around the corner.

  12. This guy is not even American… sure you can't vote in our elections…. but anyway you are wrong alot….. the moon is a better channel for bitcoin analysis…. it's no whiney girl bs just moving averages

  13. So haw many ppl in Venezuela can offer to buy btc with their salary 2 usd per month ?? No exchanges has buy order for btc to 2 usd ! That mean still btc is working well only for ppl with big bags ! And that’s how work on most collapses countries

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