Why You Should BEWARE of This Bitcoin Pattern



Why you should beware of this bitcoin pattern on the charts. Most traders and analysts do not realise the distinction between a trending market structure and an …

36 Comments

  1. Timestamp 10:05 isnt it that like you said, that markets form a trend in 5 waves, in direction of the trend? How could then the BIG drop at 10:07 be the wave 1 of an Uptrend, (as we have seen it evolve into such)? you even said: because it followed immediately after a big crash in the market, it is indicitive of a wave 2!!?? But dont you mean, only if it was part of a 5 wave dowtrend, the drop could be wave 1 and 10:08 wave 2???

  2. BTC is the biggest fraud ever perpetrated on "retail" investors. It has no intrinsic value. It cannot be utilized like other commodities like Gold, Silver, Oil, Gas, Soy beans, corn, pork bellies, Wheat,…..its worthless, and is useless for anything….. BTC is the "poster child" of capitalism gone wrong…. i cant even wipe my ass with BTC…

  3. I am not too sure how would these few Plus-Minus 10-15% movements so frightening!? I agree btw this is a non-trading zone, or high-risk low-reward trading zone .

    BTC makes 80-90% correction movements historically, not to mention what happened in March! And this is only in a bear market! In a bull market it goes up 2000-10.000%

    The boring nature of the market reminds me the time period of 12. 2018-04.2019 where BTC was ranging between 3-4K.

  4. Maskoffweb,com is really the best bitcoin platform yesterday my roommates referred my to them online for a real bitcoin hack indeed it was a success thanks so much team

  5. I dont know if anyone of you are aware of S&P500 bearish divergence on WEEKLY. Thats a clear higher high on price but lower high on RSI after its oversold. I was expecting the bitcoin on its long term downtrend since 2017. S&P on its recession and BTC long term downtrend sounds connected.

  6. If 10 EW traders come up with 100 counts and there are always another 100 alternate counts so they can never be wrong. You can’t make money out of it. Personally I like to keep it simple with the MA.

  7. I'm sorry to disappoint you, sir. Your technical analysis isn't correct at all. I can assure you, based on my experience, that the pattern is perfectly correlated to my trades: whenever I buy the price drops and when I sell it immediately skyrockets to historical highs. /s
    Seriously speaking, I do not swing nor day trade like the audience (judging from the topic of the video) as I see technical analysis as a tool to see the sentiment of the market instead of the value that the asset is giving. Fundamentally, right now BTC is giving almost no value since it is not yet broadly considered as a more reliable medium of exchange than the current banking system and it should be thought of as a very speculative commodity. So, beware, please.

  8. Hi guys, these days seeing the boom of the defi tokens I started looking for hidden gems that still hadn't exploded
    I'm talking about low capitalization tokens regarding the defi with an interesting project on paper and still present on a few exchanges
    One of the most interesting that I found is called Etherisc and its DIP token, acronym for Decentralized Insurance Protocol … Apart from the best blockchain startup award they have won in the past, what concerns me is the future … I know that have partnered with Chainlink to release an innovative insurance product at the end of the year and that their first product will be released on the market from 1st July, developed with companies such as Aon, Oxfam, Generali … what I ask is if you have news more about it to give me. Thank you

  9. Good explanation for the wave 4. I do have a sub count for this wave 4 that is perfectly technical and still hasn't been invalidates. Some top traders in our channel have adopted it, feeling proud about that achievement. But still, it's a wave 4 there is definitely no guarantee I will be correct this whole time.

  10. I have been trading with Jason Harper for a long while now and he has turned me into a great trader through Jason Harper I am able to earn $20k weekly it is truly magical for me and I am yet to make a loss for a long while now

  11. I am black, lost my stable job at the beginning of the year due to the pandemic, and have two children

    The situation with the death of George Floyd made me think about possible problems in the country, but I believe that protests involving trespassing on other people's borders and damage to their property are wrong

    Now I work part-time at several jobs, grab all the options and do not stoop to robbery and fraud, but the money is still not enough

    If you can, transfer to my bitcoin wallet, thank you in advance!

    1p3htgGHAzzPDH5pknAkGPEh4kDXYmsAL

  12. Amazing video as always sir, I have always had difficulties with risk management. Could you pls make a dedicated tutorial type video on risk management and also how to set stop-losses because amongst all the volatility my stops always get taken out during wicks. pls help sir, you're one of the better tutors out here. Thank you.

  13. LOL . Alligators are pussys and pretty docile . They are more afraid of you than you of them . How ever never come close to a crocodile . They will kill you in a heart beat . How do you tell a difference ? You can see the crocodiles teeth when their mouth is close and alligators you cannot .

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