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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Where will you go after the channel is gone? Need to stay in contact with news.
Does everyone realize how unbelievable bullish it is in the macro if BTC found its bottom at the 6400 range?? We are then logarithmically repeating gains we saw out of the 2015 bear market (though this brutal market threw a wrench and reached it in a different way). The size and intensity of this correction will create a new baseline bottom (aprox 2x of our previous 3k bottom)…so another bull cycle is ready to be under way. From an investing standpoint, calling the next top has little to do with you being able to hold long term till your ultimate goal. Extrapolating the next bottom from previous price action does!! That means a "very conservative" bottom of the next bear market would be a 1.5 multiple or $9750…and yes it could be even 20-30k! I'm hearing so many new investors preaching DCAing…thats fine if you missed the boat and want to buy dips in a bull market, but we now have an opportunity to copy what institutions and large investors are doing…and thats getting your full position now at a huge discount… Buying now creates a position you can easily hold for the years because youre way below future market bottoms. Worse thing you can do is increase allocations during the uptrend in order to purchase the same amount of an asset…then it dumps and you panic sell at the wrong time. Bottom line is we're ready for a swift take-off hopefully to 50k+!! Long term sentiment changes in a single day on Bitcoin and its about that time!
If you want to become a millionaire some day, I suggest you start buying bitcoin today.
This is misleading and 90% likely to be false.
Truthfully people need to do their own research and not reply on people like this. This pattern has repeated so many times lately it's getting boring. Exchanges liquidating longs and shorts in one move. You'll note the amount of money going into crypto isn't moving, it's simply changing hands so a bull run is at least 5-6 months off, if there is one.
The market is unregulated so the gullible are fleeced every time, think they're gonna say bitcoin is great to all their friends. Until the banks get onboard again (the cause of the last real bull run to $20k) it's going nowhere fast. Do basic research like social signals, google search etc.
People only fear to loose when they have not prepared to win and that is very evident in the crypto space today. Bitcoin as a system (store of value, payment method or both) has proven beyond reasonable doubts to be a wining streak if as a trader you understand that it's not just all about hodling when the tides are low and selling when the tides are high. Bitcoin professionals are already making moves as you should on profitable trading as the year 2020 promises a major boom in the world of bitcoin. With trading signals from Sebastian Wigman: Whatspp (+31 97005034459) or Telgram (@Wigmans) I was able to trade 2 btc to 6 btc in 14 days of trading. He is a professional trading guru I was introduced to who changed my whole trading experience. His trading signals are the most accurate and I recommend him because he gives guarantee and a form of leverage to hang onto.
Persuade the masses to buy every "bottom!" meanwhile most of them are overleveraged and will miss out on the greatest gains overall in the long run. Remember if you're 90% down you need a 990% gain to make up for it!
Pump and dump. 5k soon
Don’t ignore CME gaps. It filled the gap right to the tick and fell back to previous local support.
There is no pump yet stop spreading fud! Be patient!
Kirby says nothing has changed and that we are still in a downward trend. Do you personally think the trend has changed or will more selling commence soon?
@forflies – it may be a dry subject, but any chance you can do a vid on preparing for UK cryptotax?
Fuck that was loud. 21:10
Don't listen to this guy.
You will get rekt!!!
I'm trying to be polite. I see on the below comments that other people are waking up to what he is as well.
He's trying to fomo you into his group or at least watching his videos.
There's no such thing as "bulls are back."
Be careful.
This guy doesn’t know what he’s talking about and is obviously giving terrible advice to his groups It’s just a lower high. We’ve been doing this for the past 6 months. There isn’t enough proof that this is a reversal. We need to be way higher and the probability is it will drop again.
Nah, BTC will go down even more, perhaps 5K, before pumping higher than 20k, why people are so short-time minded.
TA is worthless in BTC
Hot.
Brilliant analysis – thank you Sami =D
Back for 1 day … LOL …
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Bulls are not back until we get passed $12,500. If we can get passed that then we go into the second phase of bitcoin $20,000 and up. We dont meet $12,500 we go back down to $3000 or below
I can give financial advice…BUY BITCOIN!!!!!!! IT IS THE CURRENCY OF THE FUTURE!!!
It would be healthy if it went to 6800? Stop it? The health is behind us. We just were down past previous lows. That’s healthy enough. Everyone was shitting them selves . It’s over now . Let’s travel higher consistently , let’s fuckin go
John Templeton — 'The four most expensive words in the English language are 'This time it's different.'
Manchester United ⚽️ next up for Bitcoin shirt sponsors Watford FC live on Worldwide TV from the EPL ??????? next weekend.
Litecoin name up in lights next Sunday with Łitecoin partnered Miami Dolphins ? up against Cincinnati Bengals ? in the NFL.
I wonder if people sold it all for tax purposes and then come back jan 1 2020.
This pump closed the CME futures gap at 7200. Now that it's closed look to retest the bottom.
Had fun with this pump!!
the mid december was the most important turning time in the last years, given the still small market cap and accessability, bitcoin will go up this year
We are in a range my friend. How can you use Fibonacci to measure a pullback in a trend when we are not in a trend we are in a range
so youre not even gonna mention about the twitter whale causing this pump okay
the trend is your friend til it ends. trend is bearish. tether now, scoop it up later on the cheap, no?
We are not bullish dude
In 3 days this pump will be erased lol
Okay so forgetting the fact that a year ago you were calling for $60,000 I am not going to tell you you don't know what you're doing.
What I will tell you is you have a way too many support and resistance lines. Go to the 4 hr and you will see we are in a range you should not have more than four lines on your chart or you are doing way too much
And you are factoring too many time frames. Most of those lines do not do anything on your trading time frame those lines are only important on lower time frames
You should start showing proof of trade man, nice videos sometimes but it’s easy to say you got in and out etc etc but if you prove it you’ll gain a lot more respect, analysis is only half of the game I’ve been trading for years and I know your young, you can be correct in market direction but still lose money
Hey sam
Do you think it‘s possible to not use any white backgrounds in the future when posting at night?
You sound happy