Cryptocurrency

BTC/CRYPTOCURRENCY Trading Analysis Update: 8-06-2020. Video 331



This market trading analysis applies to various exchanges, including Bitmex and Binance. Tackling questions like if Bitcoin can reach 20k again and if we will be seeing a crypto currency market recovery this year. Things like the lightning network have provided huge improvements for BTC and while it is true that others like Roger Ver with Bitcoin Cash (bcash) may disagree, I do see these blockchain technology innovations to be very bullish fundamental signs for the space.

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This bitcoin market trading analysis applies to various exchanges, including Bitmex/Bybit and Binance. Tackling questions like if Bitcoin can reach 20k again and if we will be seeing a crypto currency market recovery this year.

None of my Bitcoin (BTC) – or any other cryptocurrency videos/online posts – are to be used as financial advice. I am not liable for any losses you may incur when trading crypto, always do your own research (DYOR).
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47 Comments

  8. Armin Majidi

    Your bias was totally confusing… at the beginning you said the market is bearish and it is ready to dump and then you came out and said it is getting ready to move up…what's the final bias you believe?

  15. Utku Kumru

    The dump in March was due to a severe global liquidity crisis. Absent another one, I don't think we will see BTC less than $7000-7400 ever again. Some pull back these days will be healthy but $3000-4000 is very extreme. Let's see how it goes.

  20. Matthew Moon

    My opinion on the current inability of BTC to push much past 10K is, for the time being, miners. They're most likely selling their stash when it gets to that level to stay afloat. But as this trend eases off, we'll see it push past 10K. I would agree that the plunge to 3.8K in March was a sign of weakness, we all have to remember that the pressure point was COVID and the stock market's reaction to it. We've seen a V-shaped recovery from there mainly because BTC decoupled from that market soon after. I'm not one to see the March plunge as something to take seriously in terms of TA. It was an outside force, not an intrinsic element of the BTC market itself. I mainly disregard it. I can't see the buyers willing to see the price plummet to 3K and sit on their hands all the way down. IMO, the buy pressure is too strong to have them panic to 3K, absent of some panic situation like another COVID attack and a stock market plunge. Although it's possible for a 3K plunge, it's not probable.

  21. Glen W

    Isn't the fact that grayscale is buying up 150% of all daily mined Bitcoin, and the exhaustion of weak miners, a good reason for upward movement in Bitcoin? Why would we need hype when we have massive fundamentals pushing price movement upward?

  24. Lenny

    I assume everyone talking about bitcoin making its move to 12k this week is bearish in the way that usually, the herd is wrong? I’m literally sat here in tether…. with my dick in my hand 🖐

  30. 幸せな世界

    Meniplators are messing up trend for their own benefits. Btc should go down to get more buyers for higher volume to push to higher price. Volume is very small nowadays. Meniplators are waiting for lower stock price that will never happen in the next 2 years. I rather buy stocks selling my xx units of btc.

  34. Joel Walby

    The average individual investor underperforms a market index by 1.5% per year. Active traders underperform by 6.5% annually.
    Standing there with your dick in your hand 4:00 may actually net you more in the long run for the average person.

  36. Robert Morley

    Toward the end of your vid you mention how new highs being seen in the stock market will trickle over to more speculative vehicles. I agree.

    But, what do you think about the fact that this historic rise is the direct and SINGULAR effect of the equally historic Fed Reserve intervention?

    They are simply printing money and shoveling into the markets.
    What happens the day they stop? Can they stop?

    That “monetary policy” is a template for addiction. Cold turkey from any addiction is massively ugly.

    When we severed the link between gold and our dollars, we entered a new world, a world in which DEBT is fuel. In the old world, savings and profit were the path to expansion and investment. It was gradual and hard work.
    NOW, debt is that path to expansion; but, like addiction, we are no longer in control of it. It is in control of us and there is an “intervention” in our future that we are NOT going to enjoy.

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