Why I Believe Bitcoin Is Bottoming (Three Key Indicators)

Resources to learn about each of the three indicators:
Stochastic RSI: https://www.investopedia.com/terms/s/stochrsi.asp
True Strength Index: https://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:true_strength_index
Moving Averages: https://www.investopedia.com/university/movingaverage/movingaverages1.asp

that sounds like you goose tech

BITCOIN IS LOSING GROUND! EOS is leading this next bull run not Bitcoin!

Great stuff, Nick. Hoping you come to Chicago soon. I've learned so much from you. Thank you for all your content.

Awesome video from a longer term view. I too have taken to almost only looking at longer term time frames, as I realized i'm not gutsy enough to be a short term trader and the birds eye view gives a nice panorama of what might be on the horizon.

Thanks for your time.

Just like that intro part: Get that 3EMAs indicator (I found a 2ema + 2sma version, does the trick), set the graph for daily, and be amazed by the clockwork indication of the moving averages. It's like knowing the future. Thanks, Nicholas!

I myself believe we will trade between $4,200 and $3,150 for the next couple months and have a break out around late September to early December. I don't think we will break the 200wma unless we just wick below because there's but orders all over $2,500-2,800 like myself. But I'm not buying bitcoin until it breaks above $4,200 or below $3,100. I think we're about to have a pull back to around $3,400-3,650 and if it breaks that we will touch around $3,100 again. Right now I'm accumulating profits into stable coins and loading up to buy a couple hundred bitcoin ands a bunch of eos and etherium. But I strongly believe this will be the last time the average person will be able to own a full bitcoin. There's only around 18,000,000 and estimated 3.8-4 million have been lost forever unless you can track and hack those lost wallets if they're even still online.

In cryptocurrency, the perfect time to get in is always NOW. Reading several comments and watching videos, you get to realize so many people are still waiting for the bottom before buying but in reality, there is no bottom until the asset is actually out of it. Another issue is the bull trap which may cause traders or investors to act on the buy signal and generate loses on resulting long positions and its very likely we are currently in a bull trap and may have a reversal which would break the prior support of $3,500. How can you profit significantly and be safe from false bottoms and traps? First thing to do is, get some more education which is more effective by following a few selected successful traders, mastering their strategies, and copying their signals with their permission of course.The importance of this is, you will learn a great deal while making good profit simultaneously. I used this strategy when i contacted Sabastian Cato after reading great reviews about him in an online forum and after making contact, i started using his signals on a demo account which turned out really educative for me and when i applied his system to real trades, i was making returns of over 300% as profit bi-weekly, 4.8 BTC growing into over 15 BTC in no time. My suggestion is to find such a guide and get rid of emotions which would be counterproductive for you as an entrepreneur. catosabastian@gmailcom or +1 631 992 9473 (WhatsApp) are his contact details if you need a very accurate guide on how to build a great portfolio and start profiting from cryptocurrency

Good vid

I feel like we already hit the bottom

I already told everybody a hundred times Bitcoin is going to go to $700

Nice!

Why dont you talk about the altcoin raĺly in 2015 in this period?

One more drop, $2,500 range. Still At these prices I'm buying more every week. Because that's what the rich bitches are doing. They bought at $5 grand, $4 grand, $3 grand, And they will buy more at $2,500 and $1,500 if it comes to it. Fill your bags and chillax.

There are whales in my soup.

Well done!

So you mainly focuses on the macro?

TSI is an indicator I was not familar; thanks for sharing this one. I will be watching this one closely in the months ahead.

Whenever I see your charts I keep looking to the log scale button in the right lower corner, unfortunately, unclicked. Why an experienced Technical Analyst like you wouldn't use it. There is no point in using linear scale chart, that's for amateurs and you're not one of them.

Nice

I agree that the video is useful. Bitcoin is not as relevant now as it used to be. I advise you to pay attention to the Barry. The coin is interesting because it has a unique platform.

I agree that the video is useful. Bitcoin is not as relevant now as it used to be. I advise you to pay attention to the Barry. The coin is interesting because it has a unique platform.

Huh??? Hey, just POINT!!!

Good project and good job

Nice project, good

Nick, why are you using linear scale on such a big time frame as weekly?

do you think Time Analysis would be good in order to estimate the next time to inverse in the movement upwards ?

I also like to use MACD? I think it is similar to the True Strength Index.

Anyone else think the ad before the video "world of ether" has the scariest fucking music or what?!

love the new concise videos! been a subscriber for years now, love the short, full informative concise videos. one of the best on youtube!

Nice explanation.

I believe we should have more trading tips videos. I mean i could read on investopedia or listen to your sexy voice. Also one of the indicators that i'm using is a cross of the 5 ema and 15 ema on the monthly. i find this to truly signal the potential for market reversals as long as we are above the 50 sma which we are.

nice

lesson learnt. many thanks 😉

Mt. Gox?? What does that do to market?

12 minute video ❤️

Good

Eeesh, no way. The break of 3k is coming.

Bitcoin moves with a new indicator every cycle. I am going with 200 MA will break , and find support at 350 MA. Bitcoin is something different ,it does no follow normal market indicators.

I used Stoch RSI, MACD, CMF, and Bollinger Bands … along with Moving Averages and basic resistance / support to trade for years.

Pinter lu anjing

Volume, we still have not had significant bottoming volume like we did back in 2014 and this is why I don't think the bottom is in yet

the hardest thing with crypto is getting your money out into fiat/cash. what platforms do you guys do this with, specifically in Canada?

One usually finds that the bottom is in some time after the event, which is why the worlds best traders / investors never try and catch the top or bottoms in any market, they are very happy with the ''meat of the trade in between''.

Great, thanks for sharing Nicholas!

Yet you ignore the strikingly similar chart when it plummeted from 6k… if you are indeed looking at the macro please notice the descending triangle with tapering volume… and google trends dropping. No excitement no new customers… fake wash trading … time to retest 3k.

What are your thoughts about Apollo currency????

MACD, RSI, Stoch, 50/100/200MA, Horizontals, try VPVR too, shows where prices history is strongest