BTC and H&S?
We might have seen a lot of manipulation in these days with bitcoin and it is very hard to trade as your chance to win is 50/50. Most of the new traders here have lost their money and a lot of people are scared to invest in bitcoin as there is a strong downtrend and we may see a capitulation very soon.
Almost all altcoins are dead. Most of the investors have decided to invest in bitcoin and sold their altcoins for bitcoin. This is why the bitcoin's domination has increased up to 53 % and literally destroying all the altcoins out there.
Let's have a look at bitcoin from TA view. It looks like bitcoin is forming head and shoulders. It is very hard to confirm this set-up as a lot of whales are manipulating the market with their bots which count how to make the most money in the market.
The capitulation would start around 5800 and lower. We expect bitcoin to go to 6700 - 7000 and after that 5800 and lower. There must be a capitulation otherwise the bear market will continue forever. There are also a lot of miners who do not want to lose money because of the market situation and this is the reason why it will not go lower than 4K or so.
It is very risky to short BTC now! Use SL in your trades!
Almost all altcoins are dead. Most of the investors have decided to invest in bitcoin and sold their altcoins for bitcoin. This is why the bitcoin's domination has increased up to 53 % and literally destroying all the altcoins out there.
Let's have a look at bitcoin from TA view. It looks like bitcoin is forming head and shoulders. It is very hard to confirm this set-up as a lot of whales are manipulating the market with their bots which count how to make the most money in the market.
The capitulation would start around 5800 and lower. We expect bitcoin to go to 6700 - 7000 and after that 5800 and lower. There must be a capitulation otherwise the bear market will continue forever. There are also a lot of miners who do not want to lose money because of the market situation and this is the reason why it will not go lower than 4K or so.
It is very risky to short BTC now! Use SL in your trades!
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