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For those that haven't signed up.. I have to say Steve's 100% right.. It reminded me of a friend of the family who told me to study when `i was a kid because he said "You'll regret it when your older" . Ive never forgotten that person and where and when he told me. This is exactly the same. As a student of Steves, i would urge you to take a leap of faith. I did and all I can say to those of you that haven't signed up…..'I WISH I HAD DONE IT EARLIER". Learn from those who have made that mistake. Best to all of you traders out there.
I think your a fake out
"Mini" bear market through end of year possibly into mid Jan, hitting the .786 Fib retracement level around $5500. BTC.D dominance falling to 60ish or so to the bottom of it's trendline, giving most alts a chance to regain much of their lost btc value since April. Q1 BTC bull run through most of April, and then pre-halvening dump. Followed by another mini alt run. So on and so on….The cycles will keep repeating.
Nobody has 52 to find out guesses in the market lol
From December 2018 bottom to now looks a lot like 2017-2018. If so we just bottomed again last week.
Teacher Steve, loved this analogy of the current btc situation and your assessment of the potential scenarios. On a personal note, with all of your years of trading experience have you thought of doing a weekly video on DOW/SPX/NDX? If you still trade those and I for one would enjoy it immensely!!
?????????? SO????
Remember this; If the Red EMA line faces downward when crossing during the death cross then it’s guaranteed bearish!! BUT if the Red EMA death cross happens while still going up or maintaining its current level then JUST its consolidating!!
Bear
Its a fakeout. Avoidance would have to mean another parabolic run in OCTOBER, which is unlikely, but possible.
if we do go into a bear market in btc does that mean alt season would be upon us? or do the 3 scenarios not have much of an affect on alt season probability? thanks steve!
hi steve, when you will present the new course?
Always love watching Steve video, very impressive TA. Excellent teacher.
Agreed with @paulPalmeri…if you take Steve's classes now, you will thank yourself later in life. If you don't, then you may regret it later. I took the classes after watching Steve for roughly 2 months. I am so glad I took the classes. They have helped me make BTC. That was my objective. I have doubled my BTC since I took the classes.
Thanks for another great free video Steve.
Avoidance then a parabolic move, all depends if we break this 200 Day which we are right on right now. People calling for 6k or lower seems absurd to me, all though if it happened I would be happy to buy a bunch.
Avoidance
One thought that would make sense if it's a fake out is that the buyers in 2015 came in in two distinct steps while in 2019 they all came in in one step, since we now have more evidence of the past patterns to look at and anticipate the bottom more effectively.
Another interesting thing is, take the monthly TOTAL2 and check the similarities between the two bear markets and at what point we're now in comparison.
Great and reliable analysis. CC University is something barely visible on Crypto YT. Big Regards
Would love to join your classes but they are not cheap. My entire portfolio is about 3K.
It look's like a ABC corrective from a Eliot Wave
it is a classic we are going to bear market and we will crush the 3k level and we will stay under 3k for more than 3 yrs may be even 5 yrs and people really loose hope in bitcoin and then we may have a real bull run but we may not!
All I can say about this video is WEEKLY CHART MONTHLY CHART
Bear market for all !!! honestly the other 2 scenarios seem like not happening we are not recovering at all our bounces are 5% made by bots
I dont really get why people are so scared of another bear, could buy cheaper,wouldn,t it be great to buy at 1000$ btc,think about it falks
So there is 1 bullish option and it’s not that bullish !
I've been watching for 4 Months and I'll keep waiting because I have to save up a lot to sign up to your class…Right now I would have to sell off my entire crypto portfolio to barely get in to 1 of your classes…that's just a risk I can't afford at the moment…
I want to be my own boss
If BTC tests up towards 10k and then dumps it will be a bear market, but if we fall hard before breaking much above 9k then we will see a fake out with a bottom around 6k. Only way we see avoidance would be if we rocket over 11k very quickly ( highly unlikely )
Best guess is that we see a fake out!!!
They says Telegram coin will beat a record on growth among all cryptocurrencies for all market’s history, I advise to place greater emphasis on gram-ton .com
….most possible scenario …the unexpected…..
The price action down was related to the options market. filling that gap. and it filled. So to me, this looks like an anomaly that we cant account for pre 2017. Some whales probably calculated they could make huge money by filling that gap in the options market, and they were able to manipulate by dumping, got in the money on their option, big pay day, now they are accumulating again. we are well within the reaccumulation levels that we have seen pre halving the last 2 times. this range is 6200-11k. im not all that worried of a bear market. IF IF IF a bear market happens and takes this down to sub 6 post halving, btc could be in a lot of trouble. miners will have to shut down.
Bear Market ? incoming…
Avoidance. Thank you Steve!