Bitcoin ($BTC) Technical Analysis – Downtrend Line Rejection

This is good overall analysis however you are missing a key element. The way you have drawn your downtrend line on the daily chart only tracks the extremities of the downward move, just recently providing you with your three confirmations. However, there is another way to draw it which gets three confirmations on the tip of the pin candle from 20/02, plus another one on 27/02. Using this line, you can see we actually broke the downtrend on 01/03, and yesterday's close gave us a confirmed close against that same line from the other side, providing another bullish signal.

Why my Twitter account is blocked by @CryptoCred ?I think there are some misunderstandings. My account is @Linkuan6.Could you unblock it ?Thx

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Good job Winston!

Do you always use the Log chart scale? Or flick between the two scales?

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Mr. Cred is awesome!

Great analysis, liking and sharing with colleagues

Your chart is so clean and clear. You should see mine, It's a mess. HAHAHA
Thanks for your videos. As always I love it.

thank you very much

Thanks Anon Expert

Bitcoin. How many advantages can you give a fast currency to exchange without the commissions of classic banks?

How many advantages can give a coin that gives freedom and equality to all people, that improves society and that, if owned at the right time, can make people rich? It happened to those who bought bitcoins in 2009 at 0.00076 USD and now is millionaires. 1 dollar has become 15 million. Becoming millionaires is a dream, it can happen after a few years with hard work, many people became millionaires in a few years with the bitcoins. The past does not predict the future, in any case it happened.

The great historical periods that have improved society have been the period of industrial progress/innovation, the period of computer progress/innovation, and now the period of monetary progress/innovation.

Progress has benefited everyone, even those who were initially against.

We are at the beginning of the period of monetary progress/innovation. As early adopters will be huge benefits, as last adopters the benefits will be less. As last adopters, is there still time? How much? The big advantage of the early adopters is too big?

In any case having bitcoins, having cryptocurrencies means making history that you will study for many years.

Probably commissions or timing to enter to test. It is only my opinion (system to test) not a financial service.

Actually in the test phase.

Source Tradingview data on coinbase and bitfinex data on 13/02/2018 from 21:15 to 21:25 italian hours

Bitfinex BTC / EUR 6971 Coinbase BTC / EUR 7025

1.Buy BTC on Bitfinex Bitfinex
BCH / BTC 0.1425 Coinbase BCH / BTC 0.14

2. Transfer bitcoin on coinbase and buy BCH
3. Transfer BCH on bitfinex and buy Bitcoin

4 and 5 continue the process at infinity
4. transfer bitcoin from bitfinex on coinbase and change to BCH
5. transfer BCH from coinbase bitfinex and bitfinex change in bitcoin and so to infinity
Test commissions on coinbase: Buy with "Limit" order and sale with "Limit" order zero commissions. The commissions on bitfinex and the timing of the transfer of cryptocurrencies which, with the new implementations, should be destined to be reduced remain to be tested.

Cant find the indicator by the name. Any suggestions?

You're pretty good. Thanks for this!

The analysis all very good thanks.

So much great info. Thanks!

Enjoy your BTC analysis bro.

I really dislike black and white candles, can you use colour? White backgrounds are horrible too. Bad on the eyes in dark rooms. Now something positive. Your TA is great keep up the good work

Thanks for the awesome video, Cred!

Thanks so much love your TA!

Thank you much much for your valuable time & your kindness to provide an insightful TA. I have learned much from you! Greatly appreciate your educational videos. Peace!

You mentioned that we are still going in a confirmed dawn trend on the other hand we are at an oversold level…what is your expectation medium to long term?

Just joined your channel. Great tech analysis…such a relief compared to what is out there on youtube,…

Thank you Cred, for sharing valuable knowledge with the community. Not sure if folks say it enough but you are truly appreciated.

This guy is the best! Clear concise and to the point.

Cred , thank you for the never ending knowledge you spread . Great video, simple and clean .