Ninjastic
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Re: Bitcoin is getting more bearish, what is the trigger?
by
kotajikikox
on 05/01/2022, 08:09:30 UTC
Quote from: Epaper on January 04, 2022, 02:47:12 PM
Quote from: bots1 on December 04, 2021, 08:48:47 AM


We can see that there is a bearish channel pattern in bitcoin and this is Bitcoin's current position, which is already in a bearish phase. Before there is a breakout of the resistance, the current Bearish will continue to occur.

If you want to invest or trade, it's better to be careful because the potential price towards the $40k level is still possible.
We don't yet know the real reason behind the sharp decline in the price of bitcoin in the last month. However, if your pattern later breaks out downwards, then you can wait to buy at the support area formed by the candle stick. On the other hand, if the price breaks above, it can be partially sold in the resistance area formed by the candle stick. Maybe such a step that can be applied to gain profits in the midst of the current bitcoin price decline situation.
The declines continue this year as the market still fading while the expectation should be an increase at least by some percentage.so you can assess that the market will continue pointing down towards this quarter.
Quote from: estenity on Today at 01:34:49 AM
Quote from: bbc.reporter on Today at 01:10:22 AM
There are some speculations in social media that there is a group of whales in FTX who are short selling bitcoin. The group is lead by Sam Trabucco of Alameda Research according to rumors.

In other exchanges, speculations of very big bid orders have been created by the whales of Bitfinex and the whales of Binance. The sources where to find the data for this might be from paid services, however, if anyone has the resources, please share them hehe.

bitfinex
https://www.tradingview.com/symbols/BTCUSDSHORTS/

this season? it might be this but back in december when op created this thread?