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    Bitcoin Is About To Close WORST CANDLE In 13 Years



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    Timestamp:

    0:00 Intro
    1:22 Bitcoin Yearly Chart
    1:34 Red Candles
    2:39 Bearish Engulfing
    3:16 Market Cycle
    4:36 False Signals
    5:25 Under 29,000
    5:46 Major Support
    6:03 Major Resistance
    6:17 Stochastic RSI
    7:00 Large Red Candles

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    Bitcoin Is About To Close WORST CANDLE In 13 Years

    #bitcoin

    View 39 Comments

    39 Comments

    1. MrPanda on

      It kinda signals what has been apparent for a long while and that is that momentum is slowing and returns are diminishing. Money is also spread more widely into the crypto market and imo bitcoin failed to get the same levels of hype as certain alt coins.

    5. Zsolt on

      I thought "bearish engulfing" pattern has power only when it got painted at resistance level. Just like the bullish engulfing pattern has power when it happens at support level. But maybe I am wrong…

    10. James Pearson on

      Appreciate all your content. Very good analysis. Looking forward to decoupling bitcoin from stocks and then decoupling utility projects from bitcoin in the next bull cycle.

    13. irving lopez on

      Good job Steve. Just started watching you and you seem the most real and knowledgeable than any other “influencer.” Cover xrp, that one is gonna be a banger, next bitcoin.

    14. Derek Ong on

      I beg to differ. This is not a bearish engulfing candle. In an uptrend with all green candles, if a red candle suddenly appears and covers the previous green candle, it is known as a corrective candle. After a corrective candle forms, if the next candle is green followed by another red candle covering the entire body of the green candle, that is a textbook bearish engulfing candle.

    19. jklfortunato on

      So are you finally leaning more Barash now? I know you were thinking the bottom was in back in June it's starting to look a lot unlikely now do you think?

    26. Pieter Van der zee on

      Next year bitcoin go's to 100000 dollars when investors buy crypto Because banks and senators and governments want to keep people poor that assholes. They push they the people in poornes with their big houses the account filled with money. Specially the women senator with her dogface

    28. Mr. MC on

      Steeeve, I see you're slowly coming to my side, bud. Bitcoin will bottom next year around spring. I got Bitcoin at 9K and ETH at like $800. You heard it hear first, bud. The dollar is falling, which is helping Bitcoin. Help each other. 👍🏾

    32. Dr1MaR on

      Not higher than 18.5k. I'd be surprised if it does, every pump is a bull trap. Probably more sideways and capitulation next year is coming sooner or later

    38. Slim 3 on

      Is there a chance if it goes to 3500 would it go have a stronger momentum to the upside like so high 250k but would take about 8yrs ?

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