Where is Bitcoin most likely to see price resistance? In this bitcoin technical analysis video, we discuss the fibonacci retracement in terms of resistance for btc price.
Cycles of Bitcoin – https://www.tradingview.com/chart/BLX/IzGnRABO-The-Cycles-Of-Bitcoin-Speculative/
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Crypto Capital Venture is big on tracking bitcoin and litecoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price and Litecoin price move very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.
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Fibonacci retracement very confluent w/ yesterday's video talking about RSI resistance (Link Below)
https://youtu.be/dXJAJq1WCiw
LTC looking good?
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I always love your content and hope you keep this up. My best times with bitcoins actually has been from mid last year till date, the heat of the bear market and this is because i made the most profit ever within this period. The popular notion has always been buy and hold and become the smart guy who held 5-10 years ago. My personal experience coupled with happenings in the crypto world has clearly debunked this for me. First of all, i lost some money when i held but within just 1 month of trading, i recovered losses i had accumulated and within same period, started making a minimum of $10,000 weekly in profit. Special thanks to Mr Rose Parker who made this possible with her system of strategy and signal sharing which are so easy to implement in trade, profiting seemed seamless. She guided me like i knew nothing but was so specific i felt i knew too much already in no time and with his system, its been good all the way. I’d love to not only talk about her but also share she contact for the benefit of others who are struggling to turn in profit or who have a hard time keeping their profit trend steady. You can contact her on Email (roseparker3037@ gmailcom)
What is the support if resistance is at 13,000
12K to 13K in a NanoSecond. No profit taking- we're in the #HODLZone
I’ve been a chronoaut about four years now. In my original reality, BTC had a resistance of $13,266.81, dove to 10,4xx, and shot back up through the roof.
The .618 around 13,300 ish area looks like a nice spot for a dump, but who knows
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Expecting uptrend to continue for Bitcoin and Łitecoin going into the reward halvings.?
Great article from Yahoo Finance overleaf ‘Litecoin now accepted by more than a million hotels and airlines’
Definitely keeping on eye on that range. Thanks for the info.
So I have been following your videos for some time now and and here are some of the take aways that I have learned from your videos.
1. In the event a bull market, bitcoin often sees a consolidation (or price decrease), when the security is relatively overbought. (Also, in bitcoin's situation, the RSI often acts as a resistance, which tells me that the asset is over extended and is due for a consolidation. However, if the asset breaks through that resistance level, we could be looking at a new high or a bullish move to the upside. Therefore, basically after bullish uptrend of 2-5% I adjust my stop-loss to lock in my profits,
2. When bitcoin reaches new highs, obviously, there is a consolidation, but what is interesting to note is that security very consistently makes a "retracement" back up to the .618 to .718 line.
3. Another pattern that I notice that I don't think you mentioned in your videos is that the 200-Day moving average on your chart (or at least what I think it is) is also acting as a level of support during the bear market and price consolidations. This pattern has been relatively consistent and I'm not sure when I should sell my bitcoin (2 bitcoins) because in the event of consolidation, I will lock in my profits, and by fractional shares through robinhood.
4. Lastly, assuming that the fibonacci indicator plays out in this scenario and we do see a consoliation, once the asset reaches that 12.7K target, we should expect a price drop to around 9-9.5k?
You are the best technical analyst of bitcoin in youtube (at least the ones I've seen)
Firstly, resistance is quite strong and there has been rejection already like 3x but some positive signs still show anyways in my personal opinion, bitcoin if its able to break above $18,500 again ,may quickly see us into the $30,000 range . Nevertheless, crypto has shocked us in the past especially the last year with predictions of price that went completely wrong. I hope to see more proponents for mining/trading which obviously has been a more secure consistent and profitable means of earning off crypto. It has also been proven over and over again that winning in Cryptocurrency Bitcoin mining is a combination of experience and good strategy and you can always join the winning team of a more experienced miners with already working and proven strategy and softwares . One of the best remains crypto crow and with him, i have been successful in my trades at least 98% of the times and have realised over $60,000 in profit, MAY 2019 alone so i advice you forget predictions and start making good profit now because future valuations are all speculations and guesses. For all questions reach him at cryptocrow800 at gmail .com and gain more with your little experience
13.5k ?
When it was 8k resistance will be 8200, when it was 9k resistance will be 9400 when it was 10k resistance will be blah blah blah ….. these constant updates get insanely dull after a while. The top and bottom is you're as clueless as we all are.
I had been following this chart up for about 5 months now… waiting patiently! But this is the closest pic to my possible price prediction back in march… http://prntscr.com/o6n9qx
First 11 to 13k. After 13 to 7800 ~6600. And to the Moon (30 or 50k) ??
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Everybody said 6k would be major resistance as well. Flew right through it.
You are at least one of the few realistic bulls on youtube?
Agree
Yo do u ever have any type of emotion??? Like sad when the price drops happy when it goes up?? Ita always like a robot trying to report the news
I made my recent cost average purchase at the tripple tested low of 7700. And I think BTC will move above 11,300 now..
My only advice for investors and newbies is to take advantage of Mr James’s program, a pro trader who’s is helping investors/newbies accumulate more bitcoin through his amazing trading strategy, with his program I went from having 2.5btc to 11btc in just 3weeks. You can reach him on knappjames26 @gmail or telegram @cryptoJamesKnapp also on Whatsapp +1 (916) 587-2620 and thank me later.
Nice info..bro love your technical analysis??
Guessing the $13k mark will coincide with the LTC halving and cause even more FOMO for BTC .
Please stop saying swing low and swing high. It's just a high or a low.
Really appreciate your analysis. I don’t know if crypto can be plotted like regular stocks, but your graph has been holding true. Thank you
Can you do a LTC? It seems like a laggard
Great TA … We will soon see.
I hope so! I’m not ready to go yet -_-