Bitcoin technical analysis @ 2:30

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In this bitcoin and litecoin technical analysis, we talk about btc price, ltc price and the move that is likely to happen within the next 1-2 weeks. Bitcoin continues to consolidate below the 50 EMA and Litecoin is following.

Can Bitcoin break 50EMA at around $3,900? That is the question I have right now in regards to bitcoin price and btc technical analysis. We discuss that alongside some relevant bitcoin data.

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Crypto Capital Venture is big on Litecoin, but also covers other cryptocurrency news besides just LTC. The crypto market is on the rise and with it is a growing demand for information on the cryptocurrency markets.

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20 COMMENTS

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  2. Hey…ive been watching you for a while….i want to throw something at you for consideration…..Thats what im doing….i listen to all these tech analysts not giving financial advice and laugh…..all these so called patterns….and what i keep going back to and what alarm keeps ringing is this…..lets assume for a moment that Satoshi was real and so was his white paper…how would institutions who have spent so long setting up their monopoly respond to such groundbreaking change….they would be Shi/#@ themselves. So what would they do…of course they would try and protect what they built…but if they fought it hard people would revolt and as history shows eventually people win out…..so what would i do if i was a major bank…i would make some noise about how it won't work etc etc….and start buying it to the point where i can control it. If force the price down sonits cheap to buy….then i would force the price up so i could het people to take loans out to buy or start up new ideas…then i would enjoy the interest i get from it while it last and slowly force the price down to the point where people cant afford the repayments and fold….meantime i keep buying at lowest prices until i have 75% ownership and when im ready to i force it up to new heights when and if i need to to make more money…then start all over again…….lets face it…Bitcoin or is it more like Bankcoin…..could i stretch it further…..looking at top banks in Japan…..Sumitomo Mitsui Financial Group and Norinchukin Bank could this equal Satoshi Nakamoto….just throwing this one out there…haha

  3. Bitcoin enthusiasts keep talking about charts, support levels, resistance, breakthroughs and all of that stuff just like they do with stocks too and call it the very respectable and fancy name (Technical Analysis) without most even knowing what these are and thats how they in turn give wrong analysis and lead people into even deeper financial trenches. Firstly, with stocks we do have actual real companies supplying actual real goods and services, and we can go and “kick the tyres” so to speak but cryptocurrency followers don’t have that. We’ve nothing but the charts, as there’s nothing tangible behind it and this makes analysis easily go wrong. Let’s cut through all of that. I am not anti-crypto as I make lots of money from crypto, not by hodling, but by day trading.it's a possibility that Bitcoin recovery can break through the $5,000-$6,000 levels again. If that happens, they say we could be in for another bull run. On the other hand, if it should fall through a line set arbitrarily at around $3,000-$3,200, then that’s the time to accept defeat and sell. If anyone has any Bitcoins, I say the time to trade is now, because you’re holding something of no underlying ability to store value whatsoever but also having the ability at the moment to turn in lots of profit. Today’s centralized currencies and payments systems are actually quite efficient, and they have that essential characteristic that Bitcoin can never have which is stability hence the risk in hodling. I personally even though i am quite knowledgeable in crypto, i am not an aficionado and i still depend heavily of the strategies and signals developed by Harry Schneider and i would suggest him for anyone who is serious about making money from cryptocurrency today. I have used a bunch but his system is the best i ever encountered and used for over 6 months already with accuracy so astounding. You can mail him if you need his assistance on any crypto related issues <harryschneiderrr@gmailcom>

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