The bitcoin inverse head and shoulders has managed to create for itself a downward sloping neckline. Bitcoin price is threatened with weakness because of the way this btc pattern has developed. In this bitcoin technical analysis video, we talk about what an inverse head and shoulders is and what it means for btc price.
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Crypto Capital Venture is big on tracking bitcoin and litecoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price and Litecoin price move very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.
source
BTC 50 EMA @ 00:40
Current inverse head and shoulder @ 1:40
What is inverse H&S @ 1:50
Failure of Inverse H&S @ 3:50
Volume @ 4:25
RSI @ 5:25
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false flag
50% downside coming this week. sorry
besides for usually being wrong, i love your analysis! keep it up!
This Sad Truth is ,“2019 is not going to be a Huge year for Crypto! We will finally get to a btc bottom in the first quarter of 2019 and consolidate before testing the bottom again. Then we will start our bull run from 3rd or 4th quarter of 2019”. A good representation of what will happen is from the 2015 crypto chart. You may not like what I have just said but that is what is goi g to happen weather you like it or not. One good thing is we are closer to the bottom than a year ago. 🙂 I hope XRP is the exception to this TA. I quit my job in 2018, I am now fully trading crypto and stocks. You can make more money in a down market. Than an up market. If you know what's going to happen you will take my advice. I recommend Dr.Anthony Bow if you want to learn more about trading crypto and making $10k weekly, I found him by chance on a video uploaded on CNBC Channel. His patterns and teachings are so valuable. My learning curve is different than a new persons, but his strategies are absolutely credible. ..Please Join me and spread the News of this Great man that helped me, lets create an awareness about him in the Crypto World to those who needs Guidance too. contact him at Anthonybow43@gmail.com ,TELEGRAM +1-631-706-4129
Great analysis! Its similar to what I have. I think high chance rejection and a lower low before bouncing up for rally.
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You're really doing a great job. Yourself and Mr Donald Earl. Keep it up.
When we break ATH bring back the 321!
Dan… no more 321..?
i m getting fed up with this btc
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80 percent chance it's going up
Hey Dan, always like your videos. I see a down trend going into a possible abcde ascending triangle with alot of resistance on the top side. BTC in a very hard area to trade . Wait for a break up to high 3900 or a fall to around 3500. The downside might be a 5 wave impulsive wave. The volume has been dropping. A downside break could get ugly.
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You have gone nuts promoting litecoin
Bitcoin going down much more before going to the moon . I honestly believe we are going under 2000 possibly around 1000 will see very high highs around 2020 but that’s just my opinion. 2020 bitcoin $3 million
Great quick vid.
Did you not just make a video about inverse head and shoulders saying the they are a sing of a bull? People just learn the candles and make smart trades. on the bear days/ hours / minutes, you can improve your position. Example you hold 100 coins the market is moving down. You sell to say a stable coin. You ( Re Enter ) when your coins value has fallen by 12%. You just gained 12 coins and took a minimal loss. There is no such things as a bad entry point only bad trades. Invest now and make good trades we are at the bottom range and its a good time for position. With all the things happening in crypto and wall street we may see the biggest bubble ever coming in 2021 or sooner. Imagine a 5 trillion market cap btc!!!
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The right shoulder is supposed to have low volume please at least do some research before you misinform everyone.
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Ugh. Embarrassing.
fantastic analysis. I love the fact that you mentioned volume. Would love to know though what the right volume profile would be if it is indeed a H&S. In any case, would you consider the entire pattern a broadening wedge?
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I said this shit a week ago…
Historically BTC has dumped every second week of January I thought because of tax season I feel bearish but I'm buying @ 3k or lower
You cant predict crypto in fact it will do the opposite of anything you say asshole.
Just a reminder Litecoin was the best performing coin in 2015 at the time of the last Litecoin halving (more than doubled in price at end of bear market)!
Next Litecoin mining reward halving is Summer 2019! Then Bitcoin 2020!
Based on my guess and some TA bullshit that I found on reddit and other youtube oracles , I guarandamtee that bitcoin has a 50.01 chance of going to the upside. If I'm wrong then you can blame the market for that and if I'm right, then I told you so. Simple as that 🙂
Thank you for the update Dan. You are the best. Cheers
just waiting to see confirmations at this point. Too risky for me to gamble which way we go. I really thought 2800 was going to hit before we were to go up and burned myself badly. Rookie mistake.
…ready to load …good job bro…
more like 100% chance below 2500.
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To me if price touches to 3400 area and no reversal candle it is possible to contimue to penetrate the lowest low, the present price action is about to break the 4375, IH&S invalidates below 3400 area
I really like the Litecoin community. They are very nice and strong minded.
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45 Million Theter printet some hours ago. That mean..
You permabears should be worrying less about the H&S and worrying more about the 15 day ascending triangle