Bitcoin Drops to SECOND Downside Target… What Does it Mean?

Bitcoin has managed to drop down to our second downside target close to 3500. But what could this mean? We look at the charts.

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About the Author: Alessio Rastani


  1. Absolute legend Alessio as soon as I see a post from you I drop everything and make sure I watch it.

    Btw you have calls so far have been on the dot thanks. ???♥️

  2. You should reveal the Bitcoin whitepaper what it says why Bitcoin was created. It was created specifically to solve one problem. To eliminate fraud between merchants and customers in e commerce online shopping. It endeavours to replace the need for third parties like Ebay to guarantee protection for buyers and merchants. Here is excerpt of Bitcoin whitepaper's introduction…
    "Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments.  While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model. Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes.  The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for nonreversible services.  With the possibility of reversal, the need for trust spreads.  Merchants must be wary of their customers, hassling them for more information than they would otherwise need. A certain percentage of fraud is accepted as unavoidable.  These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party. What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.  Transactions that are computationally impractical to reverse would protect sellers from fraud, and routine escrow mechanisms could easily be implemented to protect buyers.  In this paper, we propose a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions.  The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes."
    Does Bitcoin fulfill its mission according to the whitepaper's standards? Satoshi the creator of Bitcoin walked away from the project after 2 years. It's been 10 years already and still Bitcoin is not fulfilling its mission. What needed to happen is to build an e commerce shopping platform similar to Ebay and Amazon by Bitcoin foundation and get other Ebay merchants to get onboard to list their products on "Bitcoin Ebay store". It is speculated Satoshi is behind the Bitcoin Diamond Foundation in creating an Ebay type + Amazon e commerce platform called "Bitcoin Diamond Bazaar". Any merchant can list their products to sell via BCD Bazaar platform. Smart investors are accumulating Bitcoin Diamond in large quantities as their realise Satoshi is behind BCD.

  3. Bitcon is going into reverse implode mode right before your eyes …it could be under $1,000 in days as holders of this relized that hey have *been had*.(scammed) .. its all over the News … jump ship .

  4. Bitcoin is going to go down as The biggest scam of the Century book of records. It has sucked in Billions of Dollars of so called Investors money and now is a TOTAL FAILURE. Its all a Pyramid Scheme Scam. The final drop is and will be SHOCKING as WIPE-OUT CONTINUES …

  5. Define "oversold".
    There is no such thing, every trade consist of a seller and a buyer.
    The precise opposite would make more sense.
    If there are no buyers, price falls until buyers appear, but while the price falls there just aren't any buyers, meaning falling prices indicate an UNDERsold situation where sellers cannot find buyers to trade with.

  6. Many of your viewers are writing in here that they already have lost so much money on Bitcon that it is too late to get out. From my 40+ years of successful trading that is usually a sign of TOTAL FAILURE.. OF WHATEVER IT IS THAT THEY OWN . Bitcoin to $20.00 repeat $20.00 (for amusement only)

  7. Your going to get another "text alert" soon when Bitcon hits $2750 because its worth ZERO.
    but you have not learned that yet …. you will learn the HARD WAY when you lose your whole account.
    Leading Trader will be called "Back of the pack Trader" if you don't tell people to get the Fuxk out of this crap …and get out NOW !!! Take your Delta Vortex blue dots and Barbecue them. The ORANGE HEADS UP WILL BE THE orange GET YOUR HEAD HANDED TO YA … Dream on …. bro
    say HI to Whoman and tell him he will be buying DASH for a penny …soon .STEAKS ON !

  8. If some experts predict the death of bitcoin, maybe it is worth investing in other currencies? Maybe Rippe, maybe ERTH. Or maybe the new coins? The latest BTC crash is another proof that it's better to look for other coins. FTO looks cool lately, I also follow XFC and I hope LYF will win in the newest vote on CoinDeal. You can help if you want to here:

  9. BitCoin or… A bit of a con !!! Alessio, please don't use the adjective "fascinating", there is nothing fascinating about the undoing of a scam that has been allowed to go on for too long and has destroyed the savings and the lives of many, most of them, young, enthusiastic but naive would-be investors.

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