Bitcoin and the crypto market in general: bullish until proven bearish
I finally made another voiced-over YouTube video now that BTC has finally made a significant move since my last post. I go into the Dow Jones, the U.S. Dollar Currency index, the S&P, and a few marijuana stocks too.
About a 25-30 minutes into the video, I say "a bounce from 6625 might be likely," which happened last night($6628 to be exact)... most of the content I intended to be in the video is within that timeframe. The rest of the duation of the video I was talking to a livestream viewer and I haven't cared enough to edit it yet.
Here's a comment I got from the tradingview chat room and my reply.
Winthan: u are looking at just finex short only... i think u may want to look whole crypto bear market 😜
Me(WayAtTheEnd): i am taking that into account too of course... lol...
the situation at bitmex would be similar except much more volume
so as it happens at bitfinex, it holds a lot more weight in the overall big picture due to the same situation playing out on other leveraged exchanges
P.S. Of course I realize it's impossible for BTCUSDSHORTS to reach -9000 LOL... I didn't realize the fib level was down there until after I posted the chart publicly months ago, and I forgot about that as I was making the video.
-Tom(@MyEmpireOfShit)
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