A Bitcoin Breakout Happened! – Then It Crashed… What Happened?




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About the Author: Crypto Jebb

20 Comments

  1. Jebb, please don't take this the wrong way. I'm not having a go at you. But, only at the weekend, you was so upbeat about Bitcoin and the cryptos in general, stating the 2014/2015 pattern was happening again which led to the bull market. Also you stated that by quarter 3 or quarter 4 of this year, we should see us turning bullish.

    Why would you then focus on the daily price swings on your TA? When you have already identified a legitimate course of action with a reasonable time frame? Unless you are a day trader? Personally, I'm in this for the long term and am treating these low prices as a gift to accumulate more coins each payday.

  2. Good analysis, I want to see it go lower so I can can buy more for cheap , once we have this shake out then maybe we start a new long term trend upward. Need a real capitulation!

  3. here is what happened: On weekends trades sometimes go haywire and break lines they weren't supposed to break because bots were often running the show while many of the human traders took a break so you end up with mixed signals about what is happening.. and then the week starts again and people are back at their desk and those institutional pros see what happened and slam on the sell button because they never intended to break that barrier yet.. but they don't really cry because they made a little extra in the process.. but, in the end, they want to continue to follow the Elliot Wave theory to move from wave 4 into wave 5 to test the lows we had in december again. 3200 will get tested once again. prepare.

  4. We got a good day today, happy with that, but , yes the volume is awesome, and with volume , good thing will happen, as long as Bitcoin stays above the 50 ema, I'm bullish.

  5. Anyone notice BSV mysteriously regained its losses within 24 hours. I suspect that Craig Wright dumped some of his BTC and then bought in BSV, and sadly, I think we are going to see a lot more of this — BTC dump then immediate BSV pump. Craig is still at war.

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