Has Bitcoin Selling Pressure Been Exhausted? Accumulation Phase Underway?

28 Comments

1. “Been doing Technical analysis for a year and a half” ?

2. I bought every month since nov 2017 i gotta have hands of titanium then

3. Jebb you are not good at technical analysis but thank you!
   Im making tons of money off watching your videos so I can do the opposite. So far it's been a great strategy

4. Graph looks like wolf. Wolf waves can be bullish.

5. Some people say it may go down to $1000 but how would it do that? Based on what fundamentals? It doesn't make sense. Once it goes below $3000 people would start to buy more, not sell what they already have, because recently there was plenty of time to sell at $4000. Who is there to sell BTC so much to cause a drop to $1000? No one.

6. Ummmm… NO!

7. Agree. BITCOIN is gonna Dive Dive Dive. Then BUY BUY BUY!!!

8. Hahaha dude. You are SO biased. When BTC was at 6K you said the exact same thing. It’s not in your nature to be right, so I guess you are wrong again. You have to be neutral in TA and you obviously didn’t short this market, because you are emotional once again. Let it go man, accept the capitulation.

9. well, the bear market has begun for stocks and will continue until roughly around the year 2027, so i feel this will have a strong negative impact on crypto to have the longest bear market ever seen in crypto and could last the same amount of time.

10. one more drop in the next month to 2800 to 3100 level then , we start very slowly to move up ,will star incresing the speed at september come in in 2019

11. You forget all those hodlers and BTC maximalists that held all the way from 20 – 200 dollar to 20.000 and missed taking big profits. Richard hart for instance. They still are in big profits and are really bitten for not selling… and need money too. Now the big players are targetting those whales. And we will just be caught in the big waves they will make. Or you can be smart and look from the shore.

12. Jebb i really lost trust in crypto but i will keep holding my assets

13. $2,800 Soon

14. Is there a way to tell what percentage of people have got out? I think those people will stay away from cryptocurrency now.

15. Looking at algorithm, buttom in october of this year with a price around 2000, real bull run starts in may 2020, with next high of 13000 in 2023 in spring

16. You didnt say that you are not a finacial adviser …

17. It doesn't matter. I adjusted my lifestyle so I have a good amount of surplus income (even on mechanic wages). I buy every payday and I've been doing it for years. Once we hit the ATH, I'll sell half my btc, wave goodbye to my fellow mechanics and start my new life as a retiree (11 years early).

18. Please tell about TRX price predictions

19. Nice analysis

20. Think about the people who bought at 2500 $ starting to get afraid of losing money…

21. The comments section is sad. Youre all so short term and narrow minded. Active trading of crypto is truly for idiots who want to lose everything. The price will bounce around til May/June, then a steady price rise lasting about 24-30 months will occur. Charts mean NOTHING as these analysis channels consistently prove. Only HISTORY does. Get back to me in 12 months and tell me if Im wrong. BTC will be at least triple its current price in May 2020 at the time of the next halving, mark my words

22. ???

23. I concur.??

24. Don’t think people understand how margin trading works. There will ALWAYS be sellers. Margin Traders provide liquidity to the market by shorting.

25. Remember though, volume is measured in BTC, not in US$. So when the price goes down, the volume might go up, simply because the same amount of US$ is a lot more BTC.

26. Hi Jebb appreciate your daily bitcoin market updates. Very interesting and explained very well. I agree with you that we are entering accumulation phase. Can you tell me what your prediction of a bottom will be and when? Thank you

27. No dude. It’s still going down

28. That's a new one. A blessing in disguise.