[Read me]

This is not financial/investment advice.

In this video, I offer a technical analysis of Bitcoin (BTC) using price action and some technical indicators.

This video focuses on the recent rejection of Bitcoin’s price at the macro downtrend line.

Liquidity pools explained:

My free TA Telegram: https://t.co/gCiaQeTsVa

Twitter: https://twitter.com/cryptocred

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26 COMMENTS

  1. 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.

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  3. 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.

  4. 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

  5. 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!

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