21 hour ago
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BEARISH 📉 : Bitcoin market crashes as Theo4 dominates Polymarket with profits
The Bitcoin market is experiencing a downturn, with focus on declining prices and breached support levels. Amidst this turmoil, a trader named Theo4 is gaining prominence on Polymarket by making strategic trades.
Theo4's Strategic Success on Polymarket
- Theo4 has made 14 predictions since October 2024, earning $22.05 million in profits.
- Invested heavily in specific outcomes such as Donald Trump winning the popular vote and presidency, and against a Harris win.
- Demonstrated well-timed directional conviction, focusing on the Trump narrative.
During the BTC decline, some critics are spreading negative narratives tying Bitcoin to undesired associations. Analyst Zynx argues this misinformation aims to undermine BTC's success.
Understanding the Expanded Flat Pattern
- The expanded flat pattern can break support levels before rising again, contradicting common bearish views.
- Decode highlights that trends are complex, and reversals often occur when traders short at structural breaks.