💙FATE OF BITCOIN IN 1 MINUTE💙👩🏻💻Good evening, friends!
😘😘😘Support my enthusiasm with like, I try for you!💋
⌛Now let's look at the bitcoin hourly chart.
👀🤜🏻Now we are moving in sideway channel to the nearest resistance level 6,900, then we should fixed there and continue moving.
⌛In meantime, there are two versions: either up at 6900 or down at 6600 .
🧐Tomorrow we'll see 1h of BTC again!
Stay with me❤
Your Rocket Bomb🚀💣
Btc-bitcoin
Bitcoin: Almost Time To Buy More For The Portfolio?#Bitcoin. Is it going to 0 like all the overly reactive bears are suggesting? As ugly as the current chart looks, as long as it continues to serve its practical purpose as a money transmission mechanism, it is more likely to find stability sooner. Opinions aside, as a trader and investor, I am only interested in ONE thing, and that is ORDER FLOW. As I mention to our followers regularly, people VOTE with their money. And there are many large players out there who have much higher quality information than me. Instead of having to chase news, and drama and go nuts trying to make sense of all the noise, all I have to do is identify the foot prints of the smart money. And this can be done with order flow.
In this video, I am pointing out the adjusted inflection points where I anticipate changes in order flow. Charts do NOT help us predict anything, but they do provide a point of reference to measure PROBABILITIES from. These are the following points that I cover in the video.
1. Price has taken out 2 major support zones in one day. A move from 8k to 3K in such a short period of time is extremely RARE. This move certainly requires an adjusted short term outlook, but the long term fundamentals are still intact. This means while structure is now bearish, we will be more conservative when evaluating swing trade setups and more open to position trades (inventory accumulation).
2. 5464 is the lower boundary of the broad support zone where bullish reversal activity is most likely to occur. While price touched the 3Ks, is swiftly returned to this area. Along with that, it established a very large bullish candle. This is usually a sign of being over sold, at least temporarily. In order for us to consider swing trades, this market needs to develop structure and that can take days/weeks. Buying too early on an opinion or hunch will only provide rewards randomly.
3. With such a magnitude of bearish momentum, it is possible to retrace back into the 4Ks or lower in order to establish a double bottom or higher low. In order for us to justify swing trades within our usual risk parameters (2 to 3%), Bitcoin needs to close above 6425. Until such stability presents itself, if we see any bullish reversal patterns we can only justify risking 1%. For our portfolio strategy, (SEPARATE from our swing trades), we purchased some in the 8Ks, and looking to purchase more as price builds out a new support range. Inventory management is about strategic position sizing and waiting for opportunities like this to establish a better average price. The goal is to partial out when price tests proportional resistance levels (mid 8ks to 9k at this point).
In these highly unusual situations, the worst thing you can do is develop a false sense of confidence that comes with receiving a random reward from the market (or follow someone who has). Consistent performance comes from repetition of effective behaviors, not lottery tickets. You will come across many self proclaimed experts who are showcasing how "right" they were this one time, but who will most likely not share any legitimate public record of their performance (1 year at minimum).
Random rewards often reinforce bad habits, such as selling near lows or buying near highs. It is human nature to cling to the obvious, because we thrive on organization, order and logic. Price movements are not motivated by logic, they are motivated by fear which means logic won't help you in this environment for any market, not just Bitcoin.
As a retail trader without access to non public information, I must rely on two things: 1) extracting the most actionable information from all the noise, 2) adhering to my rules which govern my capacity for risk. That's the best I can do to compete in such a random environment. The charts offer clues to help isolate opportunities (order flow) and my rules protect me when I'm wrong. I realize it is unsexy and unpopular, but if you are not an insider, then this is the pill of reality that you must swallow in order to achieve any kind of consistency in this game of crowd psychology.
Bitcoin - MARCH UPDATEDear traders, dear followers,
as I said in the last video (feb update): "We will test certain levels 6500, 5K and 3K, and when this happens, I will make another video, but this will take a few weeks or month".
Turns out, it took a week to do so!!
Nevertheless, here is the march update with specific information, targets, analysis and persepcetives.
Enjoy that and thanks for the messages, my DM box is kind of exploding, sorry when I cannot answer all of them immediately...
Thanks for tuning in and happy trading everybody,
your quality-trader
Hello World! Let's talk about Bitcoin MonthlyHello World!
This is my first TV video and I talk about Bitcoin Monthly chart.
Cover significance of Monthly Opens levels and how UP candles closing above last down candle open have great odds of signaling return to a bull rally.
After the video realize I didn't place notations in all candles as I wanted. But hey... check chart bellow.
Feb 21 Crypto Market Update: BTC Auction Confirms Price Failure(FEB 21) Crypto Market Commentary - Bitcoin, Dash, Litecoin, Cardano, Eos, Ethereum, Icon, Lisk, Doge, & More.
Reviewed quite a few topics today! Also covered several portfolio updates and trade management activities.
* We've been talking consistently for the last week about the Feb. 18 Gov't BITSTAMP:BTCUSD auction being an important potential pivot. This is reviewed in detail and as well as the price action preceding the breakdown.
* Reviewed the way I exited either 1/2 or 60% of several of my long Kraken coins against recent highs to establish "risk free positions" - using this chart:
* Generally feeling like the market is going to take a few weeks to retrace and consolidate before signaling bullish continuation.
* I'm looking to reload on names like COINBASE:ETHUSD COINBASE:LTCUSD COINBASE:EOSUSD BINANCE:OMGUSD and anything else I've already sold half of with retraces between 61.8% - 78.6% of their ranges.
* Spend some time reflecting back on the CRYPTOCAP:BTC.D and how I like to use it as a proxy for crypto sentiment.
* For probably a good 5 minutes I talked about BITTREX:DOGEBTC and used it as an example of the "Little Old Lady" strategy I run on the binance (100X challenge account). Buying against lows, selling on doubles, yada yada.
TLDR; Hunt longs @ bottom ends of ranges!
COMMUNITY:
Feel free to DM me on here if you're interested in joining a discord trading group with fun discussions and great trade ideas being shared throughout the day!
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THANKS!
Feb 17 Crypto: Bear Trap or Reload Short Setting Up? FEB 17, 2020:
COINBASE:BTCUSD ANALYSIS
* Finished my thoughts on BITSTAMP:BTCUSD from yesterday and worked down to the 4HR charts.
* Generally looking for a short trade to set up against old highs (RLZ) heading in to either Tuesday or Wednesday London Kill Zone.
* Alternatively I think it's possible for this pullback to be a trap and I see a fair chance of BTC making 1 last leg up in to ~$11.1K area. "Blow off top" kind of idea..
COINBASE:ETHUSD ANALYSIS
* BITSTAMP:ETHUSD Easily the best looking big cap coin (based on price momenum & volume/volume momenum)
* Technically much more upside and looks like a superior investment on a significant pullback (compared to BTC).
IN SUMMARY
Gotta be tuned in here because:
1) If you are still long off any of the lows and haven't taken profits, you might still get a chance to book some profits near the top end of the range.
2) If we do pullback significantly, you need to HUNT your names and be ready to buy against the lows when/if your setup fires. I'm still saying it could be one of the last great buying opportunities of the decade. (Not trying to induce FOMO, please be smart and disciplined).
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COMMUNITY:
Feel free to DM me on here if you're interested in joining a discord trading group with fun discussions and great trade ideas being shared throughout the day.
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THANKS!
Feb 13: Crypto Trend Continuation? BTC, ETH, ZEC, DASH, LTC Just me again nerding out on some crypto analysis and talking markets.
Covered COINBASE:BTCUSD - trend continuation trade which just fired for me at the time of recording. (To me this seemed like the most important event of the day..)
Covered KRAKEN:ZECUSD - nasty bearish internals, what I did with my long position, and why.
Covered BINANCE:LTCUSDT - also waning bearish momentum.. talked about Litecoin often playing as a leading indicator and how it's good to look at for early signs of topping.
Covered BINANCE:DASHUSDT - massive pop that gave probably every idiot a double (including myself). Based on 1D price action I see continuation. In no hurry to get rid of the remaining half and think DASH could easily go another double from here in to silly season.
Covered COINBASE:ETHUSD - very encouraging price action, volume, and price momentum. I see no signs of breakdown on weekly, daily, or 4 hour charts. Then I compared a 1W ETH chart to BTC and its price action from 2014-2017 and talked about some pretty shocking similarities. I'm definitely making a whole video on this soon.
Feel free to DM me on here if you're interested in joining a public trading group with cool people and great info being shared daily!
US GOV'T BTC AUCTION - The REAL Crypto Trade of 2020, DATESFEB. 12 RESOURCES
*US Government BTC Auction: finance.yahoo.com
*BTC Halving: www.bitcoinblockhalf.com
DATE TO WATCH:
*Feb. 18 - GOV'T Auction - Expecting high volatility and a premium heading in to the auction. Paying extremely close attention to BITSTAMP:BTCUSD on the other side of this event as it could very likely be the catalyst for a short term top and set up for a new buying opportunity.
VIDEO ERRORS:
*Timestamp (10:10) - I messed up and said it currently takes about 25 ETH to buy 1 BTC. If you actually do the math ( 1 / .025 ) it currently costs 40 ETH for 1 BTC. KK that just bothered me!
Feel free to DM me if you're interested in working through some of our proprietary trading education as a beta tester.
If we continue sideways it's bullish!Hello, Hello, Hello,
And welcome back, To Bitcoin Beats.
Bitcoin has been going sideways for a day now and despite making a couple profitable trades, we really do need some direction here.
if we continue sideways it basically means our support is strong enough to govern a bounce upwards and potentially continuation in the bullish direction.
Thanks, And Good bye from Bitcoin Beats!
Nano Is Real Batcoif But Price SuckMy crypto analysis was unfortunately interrupted by....something. I was forced to post this. Oh well.
Not financial advice.
-Victor Cobra
**** This is satire.
January Update on BTCHey guys,
as always, thank you for taking your time.
This is a short update of about 10 minutes, which I do every one or two weeks.
Thanks for all the messages and the feeddback, our little community is growing (about 100 on TW and few hundred all togheter).
People messaged me and asked for videos about Altcoins, gold, stocks and so on. Can I do it? Sure!
Just write it down in the comment section and like what you wanna see next, so I do know what to work on.
In this video we are discussing Resistances and Supports and what they mean when the price is moving up or down.
The 9000 call hit just perfectly, thank you for checking it out, too!
This is it for today, see you in the next one,
your quality trader
Reasons To Be Cautious - Crypto Update 11/14/19Thought I'd make a video update today, since the crypto market is at a very important juncture. Don't have time to make a written analysis right now. Hope you enjoy!
Mentioned in this video are BTC, ETH, NEO, VET, XRP, and XLM.
This is not financial advice - it meant for speculative, educational, and entertainment purposes.
-Victor Cobra