Change of perspective: Maybe Bitcoin is dying

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
My probability estimate for the south is 51% on a 12H to 8H time frame. My estimate is based on my own analysis and perspective.

I changed my mind based on new evidence and what I think is a more robust perspective.

It would be great to hear other perspectives. That's how we learn. Share and learn. I'm not here to be right or to make predictions etc.

I urge all traders not to be influenced just by my perspective. You must plan your trades and trade your plans according to your own methodology.

For more of a write up see here.
Hiyya, thanks for the video, what is the feature called that puts the blue dots at the bottom?
@TanMash, Search indicators for 'Average true range trailing stops, by Sylvain Vervoort' (by HPotter). I've configured the indicator parameters to show the dots, and colours that suit me.
Appreciate your effort here but just wanted to say your audio is very quite.
Captain_Walker wade.montague
@wade.montague, I agree. I've checked all on my side and all is working fine, with all my other software (including microphone etc). I have a very high-end spec system with the best hardware and software.

I've now given up asking Tradingview for technical support (for very sound reasons - which I am not at liberty to share here.) So - I apologise for a problem that is not of my making.
This is a just a dead cat bounce. The recovery is not even close to being significant. Volume is low. The only thing that is holding it is the market manipulators buying and dumping in single orders to create a pattern that looks like a channel. But it s a rising wedge...
@tradewizz, LOL!! I agree. There could be trouble ahead. I think there are manipulators in the background. I don't know these people. The setup looks fishy at the moment . Could be a bull trap.
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