Bitcoin (BTC) is recognised as the world’s first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on and that is why we are currently seeing this bull power trying to take over. But remember for every break there is a retest, my analysis shows price is currently trading in the red zone and we should not be buying.. there is a big break and retest on the monthly timeframe i believe thats why we are having this choppy movements… sell stop got activated once and currently stopped out, i will be watching price for the sell rally.. updates will be given as we ride the bag, trade safe using proper risk management and also be ready to get stuck in profit.
JANUARY 26th 2021
JANUARY 27th 2021
JANUARY 28th 2021
BTC-USD price action broke through 30300 yesterday, sell bias confirmed, currently price is trading in the zone and this is because Cryptocurrencies have come under pressure in recent times despite interest from big financial institutions such as BlackRock and Goldman Sachs. My sell order has been replaced with a new order and position will soon get active, i will urge everyone to do the same, price is currently retesting the broken support zone and now turning it into a resistance zone, if NY session plays out nice like yesterday we should see a beautiful price action today… signal is very valid, but trade with proper risk management..
Finally JAN 29th 2021 price finally stopped me out on my BTC-USD position and this is because of the recent Volatility in the market.. manipulation by federal reserve pumping dollars into failing Banks and Cooperations, this does not seem ok to everyone but trust me when i say this is what is called “when big boys dont like to lose”. And also Reddit users are currently rallying around GAMESTOP stocks that is currently making few millions of dollars after 90% of shareholders sold their stocks, this was said to be regulated but i doubt its anytime soon. The entire stock market have just disconnected itself from reality, its funny how quickly the financial press are crying for hedge funds just after a weekly drawdown, seem like 2021 will be kicking off foots early this year..
Here is my 5th confluence on BTC-USD for those asking in worry, we have just withnesses 1 of the biggest manipulation in the hustory of financial market…