Carter Worth, Worth Charting, joins ‘Fast Money’ with a technical look at where bitcoin could be headed and how to play the cryptocurrency.
>> ALWAYS GREAT TO BE HERE. >> FOR MORE ON WHERE BITCOIN IS HEADED, LET’S BRING IN THE CHART MASTER, CARTER BRAXTON WORTH. HEY, CARTER. >> HI. WELL, YES, MY HUNCH HERE IS THAT IF ONE IS LONG, TO REDUCE THAT EXP EXPOSURE. LET’S GET TO IT.
I HAVE FIVE IDENTICAL CHARTS OF BITCOIN. EACH WITH DIFFERENT ANNOTATIONS, BUT THE FIRST THING I WOULD POINT OUT THAT’S IMPORTANT IS HOW PRECISE THE SEQUENCING HAS BEEN. WHICH IS TO SAY, WE HAVE THAT 100% ADVANCE, IT WAS EXACTLY FIVE MONTHS, RIGHT, NOVEMBER OF
2022 TO APRIL OF ’23. AND THEN WE HAVE THE SECOND ONE THAT’S JUST COMING UP ON THE FIVE-MONTH MARK, ALSO 100%, SEPTEMBER OF ’23 TO JANUARY RIGHT NOW, 2024. IF YOU KEEP THE SAME CHART, LOOK WHERE WEARE, AT THE TOP OF THIS VERY WELL-DEFINED CHANNEL. THOSE ARE MATHEMATICALLY
PARALLEL LINES. LET’S PUT SOME ARROWS IN. YOU’LL SEE HERE THAT THE PRESUMPTION IS THAT WE HAVE A SEQUENCE THAT IS VERY ANALOGOUS TO THE LAST TIME WE GOT TO THE TOP OF THE CHANNEL. IF WE ANNO TALTED IT ANOTHER WAY, JUST HOW PRECISE IT’S BEEN.
IT’S BEEN A PINBALL MACHINE. BITCOIN HAS ASCENDED IN THIS CHANNEL, AND I THINK IT WILL BACK AWAY, HAVING REACHED THE TOP. AND THEN THE FINAL CHART FOR BITCOIN, AGAIN, THE SAME TIME FRAME. WE’RE RIGHT AT THE PRIOR TWO-YEAR HIGH.
AND SO, DOES IT MEAN HE HAS TO CRASH? NO. COULD IT EEK OUT FURTHER GAINS?
25 Comments
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Block Sailor Token has a talented and committed workforce. They are capable of accomplishing it!
Block Sailor Token has a talented and committed workforce. They are capable of accomplishing it!
I adore Block Sailor BLOCKs mission. Its encouraging to see a token that puts autonomy and decentralization first.
I adore Block Sailor BLOCKs mission. Its encouraging to see a token that puts autonomy and decentralization first.
I adore Block Sailor BLOCKs mission. Its encouraging to see a token that puts autonomy and decentralization first.
I adore Block Sailor BLOCKs mission. Its encouraging to see a token that puts autonomy and decentralization first.
Block Sailor Token has a talented and committed workforce. They are capable of accomplishing it!
Block Sailor Token has a talented and committed workforce. They are capable of accomplishing it!
Block Sailor Token has a talented and committed workforce. They are capable of accomplishing it!
BTC isn't stock!
Block Sailor Token has a talented and committed workforce. They are capable of accomplishing it!
Block Sailor Token has a talented and committed workforce. They are capable of accomplishing it!
Block Sailor Token has a talented and committed workforce. They are capable of accomplishing it!
Block Sailor Token has a talented and committed workforce. They are capable of accomplishing it!
Block Sailor Token has a talented and committed workforce. They are capable of accomplishing it!
Hang on a second. Are these ETF’s or ETP’s that have just been approved????
I’m sure all of the funds believe they are ETF’s but the commissioners of the SEC state they are ETP’s that don’t have the financial protection that ETF’s have ???
Have we been rug pulled yet again by the SEC???
Block Sailor Token has a talented and committed workforce. They are capable of accomplishing it!
Block Sailor Token has a talented and committed workforce. They are capable of accomplishing it!
As an Investing enthusiast, I often wonder how top level investors are able to become millionaires off investing.. I've been sitting on over $545K equity from a home sale and I'm not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
Don’t be left behind buy Shiba Inu crypto currency it’s going to explode seriously ❤🎉
This guy doesnt understand bitcoin.
Lines on graph, arrows on graph, oh look I made a channel, horizontal bar on graph, might not crash, could still go up. And then a bunch of scammers in the comment shilling a random token. Great content here.