Crypto Market VLOG #26 - BTC tight + bearish sideways
Not much has been happening, we've been in a LTF downtrend for about a day, unable to break above minor resistance. Price on the bearish side and my prediction is eventual breakdown to retest 35k.
You would think we cant get much more bearish after the flush out of overleveraged longs. But that line of reasoning would suggest its unlikely to go under 30k, and I liked the 30k bounce... sooo
Price action is still bearish and pointing towards testing downwards. We are still waiting for that to change.
Thanks to todays trading view idea author dRends35
Also @warbusiness on twitter for his compilation of bullish graphs.
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC update
2:00 = 1day moving averages
3:15 = Is death cross always bad?
4:15 = weak trend line
7:00 = BTC on lower time frame
10:00 = MY PREDICTION NEXT 24HOURS
12:00 = Twitter - @warbusiness - not topped
17:10 = dRends35 - Wyckoff Pattern
19:30 = Closing words
You would think we cant get much more bearish after the flush out of overleveraged longs. But that line of reasoning would suggest its unlikely to go under 30k, and I liked the 30k bounce... sooo
Price action is still bearish and pointing towards testing downwards. We are still waiting for that to change.
Thanks to todays trading view idea author dRends35
Also @warbusiness on twitter for his compilation of bullish graphs.
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC update
2:00 = 1day moving averages
3:15 = Is death cross always bad?
4:15 = weak trend line
7:00 = BTC on lower time frame
10:00 = MY PREDICTION NEXT 24HOURS
12:00 = Twitter - @warbusiness - not topped
17:10 = dRends35 - Wyckoff Pattern
19:30 = Closing words
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