Bitcoin Breaks Out Higher as Expected… 2 New Key Levels to Watch

Bitcoin Breaks Out Higher as Expected… 2 New Key Levels to Watch. We look at the charts. #Bitcoin #BTC #AlessioRastani

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  1. Hey guys ! Does anyone know why Youtube automatically "mutes" my notifications for this channel and not only. I usually have the bell for all alerts, but then from time to time, I notice that there are no Alessio videos reminders, so when I go on the channel the notifications are off. I never turn them OFF.

  2. Thank you for the clues Alessio. With regards to Linda's pattern; are you referring to the study of a fractal in order to work out the percentages? Sorry for the stupid question; I'm just an absolute beginner! You state; "the less people know about this pattern the better". I do not understand your concept of witholding knowledge. Surely if knowledge is freely shared an asset becomes popularised and therefore stronger and more stable and more beneficial to the world at large. If knowledge is witheld by a select few elite who are highly attached to their own personal wealth and always want to be on the 'right' side of market reversal; then ultimately; 'the community'; ie: 'the human race' doesn't ultimately benefit at all? I thought that the idea of crypto currency was to escape the world of stock market control and orchestrated crashes. I thought that we were trying to build a brighter future for all the children of the earth? (Please forgive my stupid questions; I really am just a complete learner.)

  3. what do think about the possibility for BTC to retest previous support of the bearish channel going lower than $6,000. It seems a plausible possibility according to the previously pre-halving long term moves of BTC. Another drop before reaching possible new highs in the second half of 2020 or in 2021.

  4. The technical analysis never saw that Ponzi coming! This just shows macro trends forecasting can be disrupted by large unpredictable singular events (if indeed that dump is true) normal business may resume soon but fear will drive the price down more before opportunistic bulls take over at perceived resistance if not enough bulls it will go lower if fear wins out. There are several reasons which led to Bitcoins speculations 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. Everybody should buy more and join the gain, for me I advise you multiply the little you have with Robert Loenardo strategy, I was able to make 9btc with 2.5btc in 2 weeks with the same strategy, You can reach him on <<telgram Robleonardo1 and Robleonardo24@gmailcom>> for any encryption regarding on cryptocurrencies.

  5. As I view this video, it is very apparent to me Alessio is unsure about Bitcoin's status. Using patterns to determine Price outcome , in my view, is a risky way to plan a strategy. There are more concrete ways of determining probable outcomes. For example. The Monthly time frame (chart) determines the Trend, so that is the main player, but we also want to watch the Daily time frame. Currently, Bitcoin's Monthly ADX indicator is rising and is very bullish. It is diverging to the Buy/Long side and is in the early stages of its move with potentially lots of head room for growth. The Weekly and Daily time frames (ADX) are on the same page and that shows strength, a good sign. Bollinger Bands (Monthly affects all 3 time frames) are a key indicator to monitor. B Bands values show daily progress. Currently, Bitcoin's Price is in the upper domain of the Bands (all 3 time frames). Price and the Bands are in sync and reveal daily price outcome, so as the Bands move higher, Price is higher. If the Upper Band falls, Price falls. Currently, the Upper Band is rising (all 3 time frames)., but the Weekly and Monthly still pose resistance. The hurdle for Bitcoin is in the Monthly time frame. Price hit an all time high @ 20,650 (12/17), then fell to 3120 (12/18), then retraced to 13, 915 (6/19), a 62% Fibonacci move, then fell to 6420. All Bearish moves. It is now rising, but must move above 10,991 to clear the 61% retracement marker if it is to have any chance of a major move upward. If it reaches 50% or 61% and turns and falls, then more than likely, the trend will falter and we will see more downside. Knowing this technical information guides you day to day without guessing. So even though Alessio's gut feeling is on point, from day to day he is unsure what is happening. I don't mean to come down on him, he displays a heart full of passion means well, but when you are instructing others you have to be careful with advice, and from my observation, he needs to expand his knowledge of the subject. This knowledge is something every seasoned trader would possess; it is paramount for success .Alessio, forgive me if I seem harsh, that is not my intention. I wish you all the best.

  6. IF Satoshi has to give half of the million BTC to the Klienman family in the next month then they will sell 500,000 BTC to get the financial gain. If that's the case BTC price will plummet . Hopefully they will do it slowly but when a pump is coming is a good time to dump a few .

  7. THE HALVING IS IN 3 MONTHS . Thats the only reason it is climbing . How can you not mention this . LIke LTC having . It will pump before and then be dumped BEFORE the halving . LTC was dumped a month BEFORE the halving . Take note . We should have 2 months of Up .

  8. One of your rules is not to follow the herd All the news I have seen in the past 2 weeks is how bullish Bitcoin is. Also, depending on how high the upper bar is on the downtrend channel, it seems like we could still be at the upper range of that channel. We are still below the 200 daily EMA. Am I wrong?

  9. Unless you align your lines to the angle of the wicks. I see your lines are line up to the top of the bodies.. Personally, I would wait until the body closes above the wicks to really confirm a bullish scenario on the rise.

  10. Anyone that tells me that a price of anything is going up because of a chart, I know is bullshit. C’mon people its stats 101, the probability price of anything moving up at any given point is 50%, and the probability of it going down is 50%. I know you can open up any stat book and read this.

    Think about it, if chart analysis worked, why in the world would people even work? Just read the chart and get rich. C’mon people. Jeez.

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