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Why Crypto Twitter’s Biggest Bull Suddenly Turned Bearish on Bitcoin

Why Crypto Twitter’s Biggest Bull Suddenly Turned Bearish on Bitcoin

The pseudonymous Majin isn’t the most popular trader on Crypto Twitter, but even haters must admit that he’s got a knack for reading the market and has been on a hot streak since at least December 2018.

Just to give you an example of how he called the bitcoin bottom, he tweeted a chart on January 28 that shows the leading cryptocurrency bottoming out at $3,200 and pumping above $4,000. As we all know, that came to pass.

Since then and up until recently, Majin has been calling for bitcoin to trade higher. When people were thinking that $6,000 was the end of the rally, the analyst called for a swift move above $7,000. When bitcoin breached $8,000, the trader continued to be bullish. Majin relied on a technical indicator (white dots) showing that bitcoin was trending higher.

In addition to that, Majin also studies buy and sell walls. As a liquidity game-theorist, the understanding of how bulls operated buy bots enabled the trader to make spot-on calls. This put the pseudonymous account a cut above other technical analysts in the community.

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