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    MASSIVE MOVES in MARKETS as Bitcoin Cracks $20,700 and Dow Jones Crashes -1,000 Points on Fed Speech



    The crypto market saw incredible volatility today as Bitcoin and the stock market took a plunge after the Federal Reserve chairman gave a speech today. The Bitcoin price chart breached the $20,700 level, creating its first lower low in over two months! While the Dow Jones fell over 1,000 points! Join me as we discuss the price action on the charts for the stock market and cryptocurrency market.

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    Ledger Nano – Get your crypto off of the exchanges and into your own possession with a cold storage wallet.
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    Unstoppable Domains – Own a .crypto domain, and tie multiple crypto addresses and wallets to one simple human readable name, like mine, bcbacker.crypto, where you can send me XRP, BTC, ETH, ADA and more, by using that one simple address.
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    Hi, I am the Blockchain Backer, bringing you the latest cryptocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.

    To support my channel and become a Backer, Hodler, or Whale here on YouTube, here is the link: https://www.youtube.com/channel/UCia6oYbLKo8fLOguATpACmA/join

    DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions. Any affiliate links in the description of these videos may provide a commission if you decide to purchase their products. I appreciate any and all support of my channel, and without you, I wouldn’t be here. Thank you.

    View 23 Comments

    23 Comments

    1. Blockchain Backer on

      The crypto market saw incredible volatility today as Bitcoin and the stock market took a plunge after the Federal Reserve chairman gave a speech today. The Bitcoin price chart breached the $20,700 level, creating its first lower low in over two months! While the Dow Jones fell over 1,000 points! Join me as we discuss the price action on the charts for the stock market and cryptocurrency market.

      Below are products and services that I personally use and spend my own money on.

      Ledger Nano – Get your crypto off of the exchanges and into your own possession with a cold storage wallet.

      https://shop.ledger.com/?r=1da91545b469

      Unstoppable Domains – Own a .crypto domain, and tie multiple crypto addresses and wallets to one simple human readable name, like mine, bcbacker.crypto, where you can send me XRP, BTC, ETH, ADA and more, by using that one simple address.

      https://unstoppabledomains.com/r/d245bfb21ad8485

      iTrustCapital – Cryptocurrency Retirement IRA’s are here and I can trade within my IRA and have non-taxable events. Get $100 credited to your account when you sign up and fund your account through my link, a special deal worked out for viewers of the BCB channel and iTrustCapital.

      http://itrust.capital/bcb

      TradingView – The technical analysis charting software I use in every video, utilizing all the tips and tricks, best practices, complete analysis of the cryptocurrency market and exit plans. Get up to $30 off your subscription when you sign up through this link.

      https://www.tradingview.com/?aff_id=108410

      Linqto –Private equity investing in companies prior to having their IPO. They offer popular companies like Ripple.

      http://bit.ly/Linqto-BlockchainBacker

      Hi, I am the Blockchain Backer, bringing you the latest cryptocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.

      To support my channel and become a Backer, Hodler, or Whale here on YouTube, here is the link: https://www.youtube.com/channel/UCia6oYbLKo8fLOguATpACmA/join

      DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions. Any affiliate links in the description of these videos may provide a commission if you decide to purchase their products. I appreciate any and all support of my channel, and without you, I wouldn't be here. Thank you.

    3. Sylwester Banach on

      Bcb I'm always wowed the way you learned all the Elliott waves and all the other stuff. Ur ta is incredible hopefully I'll understand ta and the markets like you one day. God bless brother

    6. FlipTheSwitch007 on

      Just an crazy idea: The speech was very short and "aggressive". So some big companies, the Wall Street and so on lost a lot of money with their stocks. I don´t believe Jerome and the FED expected THIS huge drop! So I could imagine, that some big players…p.e. Mr Gates is not happy about this stock prize from Mircosoft, Jeff Bezos also not. What if Jerome comes after the conference today and say or give an paper statement:" We discuss all the things and we decide to increase the hikes at 0,5. The datas are better than expected, our work is good to fight against inflation bla bla bla" Because…when Monday the stock market open…the fall could continue…just a crazy idea I know..but hey who thought he spokes 10 minutes and with this result?

      a) this would be the short squeeze, nobody expected
      b) wave 5 incoming

    10. james.a on

      Hey BCB, luv the vid. Nice explanation on the elliot wave 5 pt move and abc move. I think when asia opens on monday u will see a selloff in their mkts. However I believe mkts tend to get overdone and usually retrace back 50%, then follow thru on initial break. I agree consolidate BTC for a bit here, but watch the DXY once that breaks down and i believe it will Bitcoin will rally back thru mid 20s no problem maybe even higher.

    12. Matt Lacey on

      Hey BCB, it’s my wedding day. I’m eating breakfast listening to this video. Your apart of my day! I appreciate you and your time! I’ve been an everyday watcher for over 2 years!

    13. Trent Stinson on

      Hey man, hope all is well. I was looking at xrp chart between September 15-mid October 2017 and was curious if you noticed a similarity in the current chart patterns? Possibly we are making the inverse head, then a few days from now the right shoulder which in same sequence is making a nice cup and handle pattern? By no means am I a chart guy but just seen this and found it interesting. Thanks for all you do🙏

    14. Adrian Riley on

      BC Backer…..the friendliest and most helpful chart analyst around. Congrats on being a decade sober brother. I have known the struggles and applaud you 👏🏼👏🏼👏🏼

    18. TJ on

      Found you from another channel. Would be legendary if this man called the top, then the bottom haha. Just sub’d man👍🏼

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