Bitcoin hitting $36k in 2018? Is the Cryptocurrency market crash near its end? Is the bitcoin market starting to recover? Is this all just a brief glimpse of green before the market crashes even further? These are many of the crypto questions we discuss in todays video.
Philakone's YouTube: https://www.youtube.com/user/philakone1
Trade Devil's YouTube: https://www.youtube.com/channel/UCJI0hJxdZ3TVvQB_1RLbQWA
Elliot Wave Reference: http://astrocycle.net/PDF/WaveRatios.pdf
Cryptocurrency Market Caps: https://coinmarketcap.com/
Trading Charts: https://www.tradingview.com/
Create an account at Binance and start trading for free: https://www.binance.com/?ref=15825150
It's the title to your videos that attract negative attention to people that know how to trade the market or people that are intelligent and get it. New people and stupid people will click, click bait videos. Like this one.
Despite any negative comments, I believe that your videos keep getting better and more informative. videos such as this prove that. thanks for sharing the ride. I feel a need to mention however that the Fibonacci golden ratio is 1.618 NOT 618.... and that's my one point (1.) I'm a comedian also called B-
On a daily chart perspective sellers in control until 12k. Until BTC can close above $12k id be worried.
I hope all those putting money into BTC investing hoping it comes on are being careful. Please only risk what you can afford to lose. Nothing is gauranteed in this world EXCEPT what you risk. So dont risk too much ON ANYTHING. That includes all markets and even in life. Stay in the game.
What an awesome video! I follow Philakone and he's so good that so much of what he says flies over my head. But you really made everything understandable and I totally believe what your saying. Very well done. Thanks Boss!
Is there a case study out there where we can see the effects on the price of the market after a massive expansion in total number of people participating in the market? If Elliot Wave is meant to predict human behavior, what happens when a ton of people who have no idea what they are doing join the market around the same time?
To that point both Donald Trump and Bernie Sanders raised massive amounts of money, more than the institutional political money that went to their various opponents through the primary cycle. I know political campaign donations are not money moving into the market! But the viral nature of both of their meteoric rises makes the think that crypto could catch on like daily fantasy betting has.
My thinking though, is that more than stocks, bonds, or pennystocks, cryptocurrency has the thinnest barrier to entrance in the market. If it captures the imagination of enough people, who knows. I am LOVING your Elliot wave videos and want to learn more about them and how to read them myself. I am excited for mass adoption, and I think that a lot of people, like myself, who have no idea what we are doing, are soon going to be joining the market.
Won’t see 6k bitcoin ever again. Pretty sure were starting to get way too technical on prices. Emotions will drive this up from here on out. It would hurt crypto w another large dip esp w very little bad news now. Only people talking this dip are those hoping to increase there positions. Say goodbye to those great buys days ago
Brandon Evans yes you may get another 10-15% discount by waiting.. but if we don’t see that and it drives up 15% and holds for a month or two then rises you’ll be sad you didn’t buy now. To me it feels like a great buying opportunity but any higher it’s a bit pricy. I bought at the huge dip and when it hit 360ish cap. I don’t see the 270k cap coming back and don’t wanna risk not seeing these prices again. You figure the longer we wait more strong hands will come in and hold and push up the prices little by little. That makes it harder n harder to see the great lows anymore. The ones praying for it are the people dying to get a little more position in bitcoin cause they slept on the 270k drop
ahh okay. so now would still be a good time to buy yes? i expect to see one more substantial dip this month before it stabilizes/ goes up again. but i also don't see it going much lower than 6k anytime soon
It's a win/win situation... if BTC goes up=more profit, if BTC goes down=buy more cheap BTC. Crypto is here to stay and we're at the start of something amazing. Don't let these opportunities pass you by. If BTC reaches 36K this year, imagine if you bought something like DENT at $.0268 per token.
I hate reviews that include predicting the marketing using CHARTS. Make no sense. Explain to me how people say the crypto market is Very VOLATILE but then switch to charts in on sec to predict. Y’all just be drawing a bunch of lines to make a point. But never go back and call BS when y’all way off. Crypto market rely mainly on NEWS, FUD, REGULATIONS, MANIPULATIONS and damn EXCHANGES preventing buy and sell orders. How in the hell can a chart predict all that?? If that’s the cause please let me know when is the next CORRECTION. 🤔🤔. No disrespect at all, but I tried and I just don’t get how these charts relate to crypto.
La Cosa Nostra manipulation is bot controlled at big levels. Those bots have patterns. Peoples buying and selling habits have patterns. Everything else you said are the variables. If those variables at large then the consistency of pattern charting gives the best probability. So go ahead and just trade blind, the rest of us will take probability edge mixed with strict risk management.
Dude, you have a good and legit question.
The simple answer is that the markets are changing, stocks, real estate, crypto and whatever.
The markets are changing but human behavior stays the same and the technical analysis is a way to predict pattern of human behavior, that trough time, will never change no metter what industry you are in.
Almost wrong with every predicition for te whole week, i know its not advise but it shows its just random assumptions and thinking patterns can be predicted while its not. Follow news about crypto , read about the projects behind coins and hop in on a good price, hope for some gain is the only thing people can really do.
The miners are interested in finding a nonce which will create a hash with certain characteristics. Lastly, they have to find a random value that they included in the header, which makes the computed hash over that header a value below a particular target. In other words, they do not have to agree to change the protocol. Though there are a few gold diggers attempting to fill their pockets and certain projects that aren`t viable and shouldn`t be encouraged in any way. For users running a complete node, it is a fairly painless procedure to upgrade the software to the newest version. The process of locating a new block to extend the blockchain is known as mining. Proof-of-Work systems utilize cryptographic hashing algorithms to create the action of mining a block a complicated computation. Our software is totally incompatible with altcoins. Changes and modifications to how that it works need to be approved by consensus and every CPU gets a vote. To start with, it`s essential to realize that hardware wallet users control entirely their private keys. Whether you`re bullish or bearish on Bitcoin Gold, you ought not lose your coins as a result of careless mistakes! On the 1 hand, it may result in making a coin that solves all the pending issues. There`s no currency or digital asset named Bitcoin Core. Bitcoin Cash increases the range of transactions that may be processed per block. You could send any quantity of money, any place in the Earth, almost at no cost. You`ve made some great money already on the market, but you want more. For a wealthy individual, BTC`s price premium may be viewed as a plus. For someone without lots of money, BCH`s low price may look like a great deal for Bitcoin. If you have some concerns about the worth of Bitcoin after all forks, you need to be ready for a drop. The distinction is that not all of these suffer the chain split. The primary problem is Bitcoin imposes a hard limit on the magnitude of a block, the location where transaction information becomes stored. The end result is many straightforward wallets, called SPV wallets and very commonly found on your phone, will be quite confused about which chain is Bitcoin. In Bitcoin, the most important reason is known as the network effect.