As crypto holders, we must always all the time be prepared for upside and draw back. On this video we take into account historic knowledge and technical …
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The US Gov sold 3000 BTC at 30k, and we barely moved, we are def going up🚀🌛
What about GAUSSIAN CHANNEL indicator on 1week after broke out never breaks down the only time went down was on covid-19????
bitcoin down = altcoin season?
I tell you what will happen, if bitcoin doesn’t wake the fuck up and give most investors a ROI people are going to stop buying bitcoin and move their money elsewhere. It’s almost goofy tracking this daily. We are tired
the previous data did not run into a macro Recession wall and it's why it will be lower, but not the 9,10,12 others are calling. 17.5k is your low Nov
If BTC goes back to 20k you can pretty much bet ada will go to .15 or worse
Hopefully the analysis is WRONG!!
Glad to hear you reference Cowen. His data is legit. But so is yours. 👊
Comment section is always full of scam bots pushing a scam token.
Crypto Crew University Steve he is the only one who actually gets it right all the time
The only problem with historical data on bitcoin is it’s not that old. There haven’t been many halvings and the macro economic data is changing constantly as is crypto adoption. With spot ETFs in for approval the first of which could be this month there’s a lot of huge catalysts in the pipeline. Of course if they get rejected it could be a catalyst to the downside but I think previous trends don’t matter so much anymore.
I think once you break previous high instead of making support there is a high chance it is a correction
Great content ❤
The elephant in the room is the SEC court case. Not a pattern on a chart. We just had another ruling that some currencies are securities. If the SEC court case goes bad, we will see a lot of red – hemorrhaging big time. We might not even see a bullrun, if the SEC wins.
Remember the August timeframe of the previous prior bullrun, the country was in the middle of a covid lockdown. Covid was driving the market. Are we in Covid now? TA is an excellent tool for explaining what happened. But you have to put it in context of what is happening in the world. Business / crypto does run in cycles, so TA can be extremely helpful in helping set your own entry and exit plans.
CCV is definitely right that we need to prepare for a possible down side, but it is more than likely to be caused by a BAD SEC outcome or bad U.S. legislation being passed.
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Danke!
Honestly i know its crazy and unlikely but BTC looks like a big inverse C+H pattern. Which Price target wise takes it to 3.7k. Now do i believe that? Not really. But man thats weird…
A year ago we had a nice August rally!
Stop admiring and start criticising. I am not here to cheer you up and say hey amazing thank you thank you, blah blah blah …..
Yours or Benji's technical analysis cannot be relible because you do not have enough data, and this is because this market is new (compared to traditional markets) specially with ADA chart.
So any unexpected move can happen. We can go from 30k to 10k-12k or we can be at the middle of a bull market for BTC.
What if bitcoin cycle is not similar to the ones we had before and it is not consistent?
Today as well, thanks, Dan!