This market trading analysis applies to various exchanges, including Bitmex and Binance. Tackling questions like if Bitcoin can reach 20k again and if we will be seeing a crypto currency market recovery this year. Things like the lightning network have provided huge improvements for BTC and while it is true that others like Roger Ver with Bitcoin Cash (bcash) may disagree, I do see these blockchain technology innovations to be very bullish fundamental signs for the space.

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Bybit (better than bitmex?): https://bit.ly/30qRvSj
TradingView (where I chart BTC): https://tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=11710
Bitmex (for a discount on fees): https://www.bitmex.com/register/sk75q7

Books I recommend –
Technical Analysis of the Financial Markets:
US: https://amzn.to/2Dqezr3
UK: https://amzn.to/2Pnhbe0

Market Wizards:
US: https://amzn.to/2PCzLyF
UK: https://amzn.to/2od7v9q

My steemit blog: @sami-loyal

I make YouTube videos on cryptocurrency news, crypto altcoin analysis, bitcoin trading strategies and a lot more. You’ll find a lot of videos on gems to invest in and learn how I’ve earned money using Bitcoin.

None of my Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB) videos – or any other cryptocurrency videos/online posts – count as financial advice. I am not liable for any losses you may incur when trading crypto, always do your own research (DYOR).

– Sami Loyal


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About the Author: Forflies


  1. Support is near $9400 and I don't think we can go below that for now keeping in mind the event on 22nd September Bakkt launch. I came to this conclusion after analyzing sentiments and have done backtest on historical data of Bitcoin. What do you say?

  2. Yes though bitcoin at the moment is unstable at price, and very hard to predict what price next, we believe that Bitcoin will soar up as per the predictions stated above. There are several reasons which led to Bitcoin’s price fall like Bitcoins being used for illicit purposes and so many past mishaps like hacking and thefts. Pros outperformed the cons, hence Bitcoin is still the market leader, bagging the number one position and maintaining its position. I believe bitcoin will climb back to its highest price by the end of2019 as the year holds good prospect and development for BTC like NASDAQ launching BTC future, that too in the very beginning of 2019.everybody should buy more and join the gain, for me I advise you multiply the little you have with Gomes lima strategy, A man I come across with through a YT videos recommendation, who has also helped others with his specially designed method and lessons, I was able to make 6bt with 1.5bt in 3 weeks with the same strategy, For more inquiries and questions you can reach him on <trade.lima09@gmailcom> and share the testimonies with others

  3. The thing everyone forgets, is that bitcoin has already been higher than all this before, which means we are already in the downside with everyone knowing that the previous high will always be re-sought in people's mind. There is an unconscious pull by everyone for it to re-establish what has previously been .. that is what pulls it back up again over time.

  4. Bitcoin and Łitecoin mining reward halving ‘supply shock’ coming down the track.

    Last ‘round’ of halvings signalled the arrival of the 2015 – 2017 price surge ……??‍♀️……?

  5. Excellent analysis Sami. Once again you picture frame the market within the Ichi cloud which helps me to understand the ranges and trend of the market. As you have said before, the biggest benefit of the ichi cloud is the forward looking fundamentals of it. Keep up the good work.

  6. Недавно появилась молниеносная новость о том, что Telegram перед выпуском граммовой монеты проводит свой последний ICO-раунд в продаже-грамм.сведения о сайте

  7. Well they say that Bitcoin can’t be hacked but we all know that it can be manipulated by entities such as algorithms, trading bots & whales … But has anyone ever figured that the damn technology may have some type of glitches within itself by chance ..? If it corrects itself then there are still gaps that need to be filled …

  8. 7:05 You seem to draw lines according to your "story" rather than what the price clearly shows.
    "right now we're trading within the equilibrium that we've been in for a very long time…that goes from $9400 up to $11000."
    Except that you start your line way left of $1200+, and you completely ignore $12000 in the dead center of your line.

  9. That period of consolidation was a great time to be in alts! You also nailed the move back out of alts to Btc as well! I said to myself “this fucking guy nailed it!”
    By the way we’re not closing a candle below 8k

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  11. BTC dominance has been cracking…..it couldn't get past 11k. …BTC won't pump any further untill alts recover and give it a base. Time to catch the uptrends in the moving alt market…already got some DASH.

  12. I noticed that your sentiment has a biased trend as a bear. Would be nice if you had TA that was not biased towards always being bear. Your Forflies gold announcement didn't even mention anything about BTC hitting 10.5k. The way you word everything is always bearish.

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