I follow a couple crypto YouTubers on a daily basis to know what's new in the crypto/Defi space. Here's a summary of videos of what they're saying regarding crypto:
Crypto Kirby (Bearish. Expecting 30% drop):
Crypto Kirby (Bearish. Expecting 30% drop):
- BTC just kissed ATH and now very volatile. just bounced off 18k (bought up same day)
- Healthy higher highs (If bulls can keep 18k, it's a good sign)
- If BTC sees savage correction, strong support at 11.5-13.8k
- Dropping to 13.8k is a 30% correction which is much due for
- 20k double top and psychological top
- Bearish divergence - Parabolic price, descending RSI and descending MACD
- DPO at all time high, last time BTC at DPO ATH (July 2019, BTC tanked)
- USD Currency index is dropping and could drop even more. Inverse correlation with BTC price. If it continues and USD drops to low 80 and high 70s, BTC could go up higher.
- Surprised at BTC retesting ATH that soon.
- Last 2 times BTC regained its ATH
- 2013 Broke ATH ($32), Massive surge and dumped 80%
- 2017 broke ATH, ($1200) Massive surge April - June 2017 and 40% pullback
- Until BTC clears 19.5k, we are still in uncertainty.
- all rules and historical support is not relevant
- ETH had a lot of support but didnt
- Putting chips on ADA, DOT, LINK long positions (long term)
- Stock to flow model, right on track
- Traditional is getting ready to enter as they hear a lot of familiar names mentioning BTC
- OTC trading desk reporting 6X higher than 2017 peak
- Bernstein now recommends BTC in their portfolio mix
Datadash:
- 17.4k is a resistance (3x support in the past)
- Averaging into the market
- Chinese police Seize 4.2Bil crypto from Plus Token Ponzi. Funds forefeited into national treasury
- They have a huge potential to impact market (eg. Dump the crypto)
- 5Bil withdrawn from OKEX as OKEX reopens
- BTC saw around 8-9 30% pullbacks in the 2016-17 run
- We only see a 15% baby pull back
- Institution buyers are waiting at 13-14k to load up
- CME overtakes OKEX as largest bitcoin futures market
My Opinion (NOT INVESTMENT ADVICE):
The path from 1k to 20k was marked by multiple major 30% pullbacks. See the image below and you'll see pullbacks shown by the blue boxes. So far the US Thanksgiving sell off was only a 15-20% pullback. I'm not taking that as a "pull back" and I'm expecting a further drop. That's just my opinion, But I could be wrong as BTC is known to act irrationally. (NOT INVESTMENT ADVICE)