Bitcoin VLOG #46 - are we breakout boys?!
*uploaded this morning and appears we broke that trend line!
So my 'slight' bearish bias got a little out of hand haha, I try to keep it real and for the most part I have done that here, but certainly I didn't see a distinct bounce.
In hindsight it makes complete sense, if you break below major support and theres no fear or panic, a bounce makes more sense.
The narrative of tons of money sitting on the sidelines is also becoming more significant to me.
BUT!
In order to get bullish we need to break major bearish patterns, currently we have this upper trend line we need to break.
I'm keen to be a bull and I'm keen to be a bear, right now theres still more food for bears, bulls need to prove otherwise and currently have a decent opportunity to do that.
MY PREDICTION = Touch the recent high then travel back towards middle of pattern, 31.7k
Shoutout to todays trading view ideas =EXCAVO, VincePrince, TheSignalyst
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:50 = I didnt see a bounce
3:20 = The lesson here
5:10 = Chart admin
6:50 = Fresh trend lines
9:30 = FIBS
11:15 = Short idea
13:10 = Breakout longs
14:15 = BTC 1 minute
15:40 = MY PREDICTION
16:45 = EXCAVO - BTC channel
18:25 = VincePrince - news vs btc price
19:30 = Closing words
So my 'slight' bearish bias got a little out of hand haha, I try to keep it real and for the most part I have done that here, but certainly I didn't see a distinct bounce.
In hindsight it makes complete sense, if you break below major support and theres no fear or panic, a bounce makes more sense.
The narrative of tons of money sitting on the sidelines is also becoming more significant to me.
BUT!
In order to get bullish we need to break major bearish patterns, currently we have this upper trend line we need to break.
I'm keen to be a bull and I'm keen to be a bear, right now theres still more food for bears, bulls need to prove otherwise and currently have a decent opportunity to do that.
MY PREDICTION = Touch the recent high then travel back towards middle of pattern, 31.7k
Shoutout to todays trading view ideas =EXCAVO, VincePrince, TheSignalyst
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:50 = I didnt see a bounce
3:20 = The lesson here
5:10 = Chart admin
6:50 = Fresh trend lines
9:30 = FIBS
11:15 = Short idea
13:10 = Breakout longs
14:15 = BTC 1 minute
15:40 = MY PREDICTION
16:45 = EXCAVO - BTC channel
18:25 = VincePrince - news vs btc price
19:30 = Closing words
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