Bitcoin Market Technical Analysis

Bitcoin Market Technical Analysis – We delve into the technicals of the Bitcoin Market in this video.

Bitcoin Market Technical Analysis – Transcript

0:00greetings this is a con matters it is March 26 2016 and we’re going to talk
0:07about Bitcoin so this is a quite interesting market peaked my ears when
0:16people started cashing out there bitcoins to buy Porsche’s being a
0:22connoisseur pushes that piqued my interest
0:26little bit too wild ride to anybody that market person will intuitive recognize
0:37the potential for making money especially some of the rides that it
0:43went on as you can see it’s actually trading now on a Saturday which broker
0:52with I’d be in their new currencies trading today so that’s something right
0:58there
1:02you want to study Khan Academy has been calling course they may also have some
1:11other bed Klein videos beside please I actually went through them one night
1:19pretty long and boring to be honest but I did get through and I do recommend
1:30Khan Academy taken to physics courses there and it’s a pretty interesting
1:36concept corn Wikipedia page do some further study
1:46farm in Iceland
1:57circulation national
2:32treasure hardware
2:41transactions per month
2:58pretty bad scale right here
3:02shows it rising but this is not a good choice for that just shows between 1
3:06million and 10 million
3:20per year
3:29wow

Bitcoin Market Technical Analysis
3:36gone from 10 million to
4:01ATM machine in California her first mover advantage
4:13price
4:16d
4:2150% since the beginnings in volatility has been coming down from 300 per cent
4:32very good to know
4:35accepted cachet
4:41Scandinavian countries and cohen et Las Vegas
5:03go into money laundering black-market criminal activity declined may not be
5:10ideal from a known cause of the transaction to public authorities
5:13including European banking system this behind the Financial Action Task Force
5:18have expressed concerns that big coin may be useful manner and money
5:23laundering in early 2014 an opera viewers Bitcoin exchange was arrested
5:28for money laundry so you can read up on I’m more of a market guy now I have
5:36actually never opened a clinic count or traded bitcoins sort of half my hands
5:43doing what I’m doing and doing quite good at what I do so there’s no need for
5:51me to look for alternative market currency traders this actually came
6:00cross my radar as far as Oh because investing.com is listing this is a major
6:06currency pair now so that piqued my interest a little bit so let’s just look
6:11at the technicals cause this is what I do
6:14technicals and we look at just the 5 minute chart for Bitcoin mean i think is
6:20college training now that may get me open up account right there
6:27traders were action is right
6:30so 5 minute chart here for sixteen and we’re down here for 13 14 15 16 23 call
6:46it tick range I don’t even know what they constitute but I’ll shorthand it
6:53for them from a trader perspective I want to put everything in takes
Bitcoin Market Technical Analysis
7:11today basically 416 and I can just look at this chart until immediately that
7:19they’re out goes trading this back and forth so they’re basically scalping this
7:26market right now
7:28welcome to the bot world but my markets and daughter in the Bitcoin market now I
7:35guess if they’re in regular markets but it’s pretty pretty funny
7:42scalping this market right now
7:47get further so the 15 minute chart right we 13 or call it for 1677 24 12 and this
8:04is just a whole lot of scalping going on one hour sure we can still see pretty
8:18much between 417 in 413 and this is just a boat’s dream wet dream right here this
8:26is just be sure this is what used to see when boat’s first came out into record
8:31markets reduction see this if there is a big econ report nobody wanted to take
8:39any positions or there was a very poor big head mean or something
8:45the box used to go into this five chick range in let’s say crude oil was really
8:54in the middle of bed was doing 80 billion get the S&P because while 26 is
9:01down about 12 ish that literally faerstein you have these really smart
9:07trainers the S&P back in the day
9:14but this is what this reminds me so the box have evolved in equity markets you
9:23don’t see that anymore and they and crude actually still in box first came
9:30out you do these five tic rangers it doesn’t do any more afterwards after the
9:36pic closes it will go on 22 32 rounds put these patterns etcetera but it
9:43doesn’t do these patterns like they used to after the pic close so the five hour
9:51on line 58 BTC / USD that the symbol for testing dot com and we see more this
10:05same
10:07this gives us several days so
10:11so basically 417 though for 12 or 18 as high as we’ve got as low as 404 2718 got
10:38as high as 20 so just in this area
10:48let’s call it
10:52March 12 through March 26 we have a low of 40 floor to use around number and as
11:00high as 4 20 so putting tick range in my world would be like a sixteen tick range
11:13get the daily and we can see this goes back to January this year
11:23and is 375 now we’re getting somewhere that’s a nice bar
11:34375 24 25 so probably is at this point so fifty-point moved pretty substantial
11:48you can see right here
11:59March
12:06ok
12:07so this is February right at February 03 6594 and it’s made just a nice run in
12:22this you can see similar patterns to other markets that sort of the beauty of
12:29markets you see a lot of the patterns across markets leaving something that
12:35almost in some sense different asset class than regular traditional markets
12:40you see some of the same patterns so this is what we call a retest in my
12:44world and put in a low at 374 and then just a nice is almost looks machine
12:51worrying when you see these kind of bars are so precise where you can almost
12:57drive rigid line markets when you see it that’s just very machine based you can
13:03tell it’s an automatic machine algorithm this perfect symmetry between these bars
13:10that they’re so Ridgid really reminds me when the machines really get going and
13:17my world so we have a high just a nice move here
13:26e right here
13:35365 to just really nice to have a middle line I like to draw the middle i me mine
13:47and that’s where it seems to be grabbing graphic taking back to this 415 ish
13:51level but some really nice moves and like a lot of these markets you wait for
14:00a huge callbacks and then you come in
14:02vest and I’d sort of watched it just in the peripheral and thought that would be
14:07s pretty good strategy to wait tell people just get liquidated out or
14:13there’s just a huge collapses in price and then you come in and buy this thing
14:17the one-week chart on this thing going back to late 2014 we can see the 389
14:33Delhi 348 still owe you get all the way down here for
14:42January 2015 and we have a low of 162 as I say again from a market perspective
14:53people probably got liquidated then tap and they’re probably not sure this is
15:02some kind of issues revolving
15:07exchange going out of business and not as far as exactly what date that
15:13actually occurred but there was something that caused this crash could
15:19have been bad or wired cent saying something about the Bitcoin orkut be
15:27china cracking down on search and search for various

1, 2  - View Full Page