Bitcoin price prediction. Bitcoin price technical analysis. Where will Bitcoin price be heading? See the video for my analysis on bitcoin price
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Loved ur video! really appreciate the work u put into these TA vids. just a question : doesn't X usually retrace to .5 - .618 of W ? where u had put ur initial X, it's less than .5. Is .382 retracement acceptable as well? I'm still learning, so forgive me if it's a silly question.
Hi Numair, not a silly question at all. I've not heard that X wave cannot retrace less then 50%. I think a 38.2% retracement is reasonable and from my experience I have seen many X waves retrace to the 38.2. The X wave just joins 2 corrective patterns tohgether and will retrace to different levels depending on the sentiment in the market
You're one of 2 main TA guys that I respect and follow. The other guy is Alessio Rastani who is a seasoned veteran and comes across as a decent, rational and knowledgeable guy but he recently suggested when BTC went up to $8.4K that we could now say that the bottom was in and that the next stop was $10k enroute to a bullrun in due course. I had to disagree based on your TA with the fib/time focus.
For the first time in my 10 moths crypto trading experience, I can say that I asserted a more likely drop back down to $6k range quite strongly based on your Fib/time analysis. It has been amazingly consistent ever since I first started watching your videos on it back in May/June. At the time, Aug 25th seemed like ages away and not likely to play a part in the current bear market but now with it being only 3 weeks away it seems like it will figure strongly. In fact, I now doubt that we'll see the bottom within the next 21 days and thus I expect that your fib/time alternate suggestion of Jan 2019 to be the date to be keeping an eye on. That suits me fine as it'll give me a lot more time to accumulate more Fiat to buy some BTC ready for the big ride north! Kudos,.. and BIG thanks!
Amazing analysis. Thanks for explaining this last leg up as someone new to reading charts I thought we were in a 3 to 4. Also thanks for introducing me to how effective the pitchfork is in analysis. I wasn't familiar with those at all. You are really helping noobs like me, Thank You.
Thanks for the update! I have 2 questions...
1) Are you considering the potential for an ETF to invalidate what's going on? The hive mind seems to think ETF approval will cause huge increases. What do you think?
2) Would you mind talking a little more about why and when you use the log chart vs the normal chart?
Hi, no I'm not concerned about the ETF, I don't trust many crypto fundamentals and I think that their hype is often used by the smart money to create liquidity. I feel that the likelihood of an ETF being accepted is no more likely than it not being accepted
I've been focusing on the log chart as I find that charts with exponential price movements such as BTC/USD seem to have trend lines and pitchfork lines which work better on log charts
Spot on ! Few hours later a dump is happening on #bitcoin... Tried to play Long for a rebound but with no success due to this. As I missed the short (stop out) from this top, I'm gonna try to play a rebound around the 6800 USD. And then try to set a short sell for the next "big" wave down.
I'm still counting on the same low targets (sub 5k) - as "predicted" long ago also by Nas (FF) - to start investing on cryptos. Also most of the #Alts are on the edge, or already down ahead new bottom discovery (especially for the most recent ones)
Great video, as always
I didn't short the top at 8500 no position right now. I laddered my short starting from 7800 to 8800 stoploss at 9200. Do you think the price could go above 8300 to make double top - or is it too late? Thank you
Fine Ta as usual, thanks man. Hope people have the balls to deal with the panic when it comes. Big opportunities will open up for those who want to play 5% or 10% of their investment assets,, but not for the faint hearted!
Loved it again. Could current leg 'up' not simply be an abc, whereas we're currently in the b of b; so one more leg up before further correction? As you're showing, no real bull trap in this. The one from some time ago seems a little weak, not?
What is your opinion on the governments will take over Cryptos and create their own legal coin and declare any other coin illegal? I mean today I was at a ATM and there was a sticker on it saying: Due to the decrease of interest in cash we are removing this ATM. So they slowly preparing for a cash less society. Imagine they will succeed with this approach! That would mean total control. Every tax rise per mouse click. Every coffee you buy they will know about. No cash payment for fixing your car or plumber anymore. I don't know if this is bringing us financial freedom or more slavery. At the moment I feel like a free range chicken demonstrating for being held in cages.
Thanks, I am not familiar with any of the once you mention except The Chart guys, will check some of the others out. I just finished the Bitrage
TA course (only course I ever did). At $400 I think it is reasonable , there style is 2nd to none and easy to learn imo, plus you get a money back guarantee. If you like the style of there videos you would like there course.
Not too easy to find unfortunately. Also depends if you like to learn TA or rather to be informed about the state of the market. I have a lots of respect to
JD Marshall, I pay attention to his opinion. If you would like to explore, might consider Krown's Crypto Cave, TheChartGuys, Philakone, A P, I think you are aware of them, you might not like the style or the format... I just discovered Credible Crypto, only seen one video, not conclusive yet, but I am still hoping for some hidden gems. The courses are quite expensive (for me) it would be nice to know if there are worthy ones out there.
Let's keep in touch about these issues, it is a win-win for everyone.
I lost 27k *2.6Btc when I started trading CRYPTO it was devastating, I thought i will be able to trade without the help of anyone until I found a comment about Mr. Ellis I contacted him and he made me understood trading is what he loves doing and his career and he went along promising to help me not only to recover my lost money but to earn for the rest of my life, now I make as much 40k every week from his tradings , he is reliable, honest, consistent and very experienced, contact him at [email protected] com or +1(318)607 0868
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