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Where is Bitcoin price headed now? BTC Technical Analysis

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What the just happened to BTC? What’s in store for us tomorrow? Are we going to test or break the $6,000 price point? Mark will walk us through the Bitcoin charts. Mark is an active trader and shares his technical analysis of the charts. He is not a professional advisor but shares his knowledge so that you can have a foundation to do your own research and make informed decisions on your investments. Always do your own research and never invest more than you can afford to lose. Visit our website: https://altcoinbuzz.io ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! https://www.youtube.com/channel/UCxulvI2C9wUvvDDNS7S35fA/videos ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://bit.ly/2GDAoCp Facebook: https://bit.ly/2wYksLB Telegram: https://bit.ly/2IAqDuI ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Text Comments (131)
Altcoin Buzz (3 months ago)
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izvor etar (3 months ago)
What if, some people want a cheap bitcoin? And that's BCH, in order to restart the next bullrun?
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Ifremmm Sonyd (3 months ago)
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Paumonsu (3 months ago)
TA is a meme
james le (3 months ago)
We all lost so much money in this fake money
Steven S (3 months ago)
Wow - this conversation is going the same way gold and silver did - it's a joke. Anyone that still believes chart analysis means anything is laughable. Wake up before it's too late - it's just bitcoin pumping...and it's totally dishonest. The sheep have been sheared already - new sheep are needed. I'm sick for those who bought in at the highs...very sad.
Rachel Palines (3 months ago)
https://btcsmash.io/m.php?user=26061
M. Ibrahim (3 months ago)
HI Mark I hope everything will run well till end of 2018, btw in the Legal Mumbo Jumbo I read that "I am a licensed professional financial advisor" I didn't see not ;) , wish you happy weekend :)
한아시아태국 (3 months ago)
good!!
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MinimeTheGreat (3 months ago)
TL;DR Whales dumped hard.
I don't give a Fork (3 months ago)
I dont hold Bitcoin, but this is still interesting https://www.youtube.com/watch?v=i_qmYTKN3Rs
Daniel Rierson (3 months ago)
People with money like the bear market. Poor people like me want a bull run lol
Mark Vidano (3 months ago)
Daniel. I wish I could answer that question, but everyone's situation is different. XRP's chart is not going to look much different that any others in the near term given this market. Most of the uptick in XRP seems to have come from the rapid X announcement so that is already factored into the price. But look at it this way. Medium/long term. Let's say XRP can get back to it's high of $1.45/1.50 that would be roughly a 350% increase. Let's say Bitcoin got back to it's high of $20,000 that would be roughly a 312% increase. That's the way that you need to evaluate where you want to put your money. Because it doesn't matter how much the coin is. Just because you can buy 2 XRP for $1 and only .00015949 BTC for $1 your profit increase is by % gain, not number of coins owned. Does that make sense?
Daniel Rierson (3 months ago)
Sounds good. So is it best to just stick with xrp?
Old Man Crypto (3 months ago)
Daniel Rierson when we get our TA videos done we’ll teach you how to trade on leverage. Then you won’t have to worry about being rich to make money in a bear market.
Jonathan Keith Jacobs (3 months ago)
CVE-2018-17144 vulnerability in the Bitcoin Core is very suspicious and the reason I am out of bitcoin and why everyone else should be out of it too! Its been compromised! take the crash on 11th of October 2018 for example! It would make complete sense for all the duplicated coins to be converted into Altcoins as well then simultaneously sell everything off at the same time when bad news is expected thereby covering up the sell off of the duplicated coins! BITCOIN HAS BEEN COMPROMISED and I challenge people to prove me wrong! REBUILD Bitcoin with mimblewimble integrated and lets start over because bitcoin is broken
Artur Kowalski (3 months ago)
$1000M SOON GUYS BTC. SELL ALL NOW AND BUY AGAIN AT $1000
Bart van den berg (3 months ago)
hahah doing TA. Dude you dont know shit. nobody does
Felix Vroegop (3 months ago)
Nice Video Man. The crypto space has been on fire since the beginning of 2018, the worth of the world biggest cryptocurrency has been so unpredictable, so many predictions shows the bull run would start soon but no one really knows when that will happen. I lost a lot holding for long-term, after a long search for ways to get back my loss I finally found a working strategy that makes me 20% of my input weekly thanks to Ferdinand Lawson. I realize the best way to make a profit is by trading and not hodling and I’m so grateful finding out such trading technique. If you looking for the best way to grow your asset you can reach him through **[email protected] com
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mavovo kid (3 months ago)
BREATH TAKING
NovemDecem (3 months ago)
WTF the drop was the most unsurprising of them all. BTC just hit the descending trend line we are testing since january! Look at this and chill: https://www.tradingview.com/x/UZhlN4ad/
Kyle Segal (3 months ago)
These are my favorite video from you guys! Great stuff.
Old Man Crypto (3 months ago)
Kyle Segal thank you Kyle!
Patric Tengelin (3 months ago)
TimingTheMarket.com has called a break of $5,800 for a long time and then go to $3,000 before the bear market is over. Check out the website - which btw is also for sale. Current bid $4,900.
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You should try something real and practical. I have tried a lot of these in the past and they did not work for me, I almost became frustrated till I found Mr Anderson and his team. Now I make a minimum of $5000 without having to pay extra for anything. I suggest you write him before you doubt me. There is no harm in trying. Here is his email [email protected] gmail .com
m1 (3 months ago)
Must be nice to be Jeff to get the money while you monkeys make the videos all while traveling the world on your dime, lol. you glorious saps. I thank you for your service
George Ilavsky (3 months ago)
Will there be a members only jacket for the members only TA? I believe that’s Mr. Gilmore’s jacket! Thanks for the TA Mark. Always appreciated.
Old Man Crypto (3 months ago)
George Ilavsky thanks George! Great idea. Maybe a members only jacket and some angle flight pants!
John Dough (3 months ago)
*Wow, Jeff Goldblum narrating Altcoin Buzz videos now?* Awesome!
Old Man Crypto (3 months ago)
John Dough really? Funny you’re the second one to say that.
Alex Gool (3 months ago)
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Billy Fenando (3 months ago)
I lost about $20000 trading by myself and some tips from youtube video. but i will give this a try
Clark Ward (3 months ago)
If you trade without proper knowledge , you will lose your money.
Victor Lee (3 months ago)
Walter helped me to understand tecnical analysis, now i can examine the current chart and predict which way the market will go.He is definately the best pro trader i know
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mahfuza akter (3 months ago)
How about Byteball? Platform also has native private Blackbytes currency that is sent peer-to-peer and over TOR
I am wondering where Jeff is ? did he sell his channel?
Old Man Crypto (3 months ago)
Александр Констант he’s on every once in a while. He’s been traveling.
OrangeHulk (3 months ago)
Great TA and very valid. Problem is the volume has again trailed off significantly and there is strong support at 6150. This bear flag might turn into a bart pattern before the weekend, with one big buyer eating up the order book.
Old Man Crypto (3 months ago)
OrangeHulk I hear ya. This volume makes things shakier
wow really (3 months ago)
That would be awesome if you did classes im new to the space and would love to learn charts great video
Old Man Crypto (3 months ago)
Vincent Jeffrey thank you. We’ll definitely let you know when they’re up.
jojo padlan (3 months ago)
Cheers Mark.. Like your video...
Old Man Crypto (3 months ago)
jojo padlan thanks again jojo
inner dinosaur (3 months ago)
For my I'm still gonna hodl on looks like I'm in it for the long run hope u all do well in this market peace peeps
Dan Babic (3 months ago)
I can t listen to this anymore.... dump afrer dump :)
Naomi Campbell (3 months ago)
Contact [email protected] he just helped me tripled my bitcoin for free he is tested and trusted
Deantray Taylor (3 months ago)
Because the dollar is going to collapse any day now, and it's starting hurt the hell out of Bitcoin!!...
Old Man Crypto (3 months ago)
Collapse is a little strong. Historically the dollar is soft this time of year and then pops back up in December. There are some that feel when the dollar is soft that hedge funds use bitcoin as a backup. I don’t know that I subscribe to that theory or believe that will happen now, but I’m taking in all information to see if anything is validated.
Kevin White (3 months ago)
Taylor, someone who works for the Federal Reserve in New York, cold called me last week. WTF when I backed tracked the call tothe person and called his personal land line at what reported to be his home address it was a boiler room set up they were trying to sell me bit coin. Of course your markets are being manipulated. What happended world wide between World War I and World War II was manipulated to the benefit of a very few (JP Morgan).
Deantray Taylor (3 months ago)
Bro.....The Stock market is crashing..Oh No.. The prophecy is coming true 2008 was never solved after all.....
Cinque Terra (3 months ago)
Deantray Taylor get ur facts right ..it is small correction ... up zillions since 2009 ... a good stock bond mix .means riches and early retirement
CryptoHaso (3 months ago)
look at the daily chart, you can clearly draw a resistance and a support. Btc is currently 6.3. resistance is 6.5. and supports are 6.3 and 6.0.
Old Man Crypto (3 months ago)
CryptoHaso you could use the daily candle as support and resistance if we had a few more daily closes. But you may want to look at the 4 hour right now and see how that is trending. Eventually that 4 hour will average out over the day right? Not the same levels then.
Dave Yeez (3 months ago)
Hi I lost $32,855! I think I should be out lol
Miiike03 (3 months ago)
Of course TA is gonna prove itself to hold true, when literally every TA video can be summed up as: It can either go up. Or down. If not, it is going to stay flat. TA is awesome~
Old Man Crypto (3 months ago)
Miiike03 TA is not a crystal ball. It’s a tool to strategize your trades.
Jacob Wolfman (3 months ago)
This is a faulty analysis. Stock market took 3rd worst plunge in history yesterday. This is not isolated to crypto.
Tee K (3 months ago)
I'll start buying when btc breaks market structure (it goes below 5750) I'll buy all the way down to 4k zone. Then ride up to the moon ✈
Tee K (3 months ago)
+刘阳 not in this lifetime
刘阳 (3 months ago)
Tee K it's going to 1k
Goofy Dude (3 months ago)
Tee K --- I agree ! I am waiting for 5200. that's my buy signal.
Kuziai (3 months ago)
Bitcoin is headed to 5800 and 4700. If you don't agree with me start buying :D:D:D
Tee K (3 months ago)
Leave them. I'll start buying when btc breaks market structure (it goes below 5750)
Peace (3 months ago)
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JP H (3 months ago)
Somebody’s gotta make the argument for bitcoin being more stable than fiat because I don’t see it. All the major markets just erased all gdp dating back to July. Any further down and 50% of US production profits for 2018 will evaporate. I have 3 questions: Which guilty group of manipulating sons-of-a-bitches do we shoot first?!?! What fucking country just went bankrupt??? Is this from just a simple interest rate bump???
AnEclecticSoul (3 months ago)
This is BS because the markets are rigged
Old Man Crypto (3 months ago)
AnEclecticSoul all markets are rigged and yet the TA is still used. If you’re hodling then don’t worry about it. If you’re trading and not using TA. Sorry you’re doomed for failure.
Cory Capaldi (3 months ago)
This is all the democrats backlash because Ford clearly lied, Kavanaugh made it to the Supreme Court and now they have to douche the stock market/crypto to make Trump look bad and take the blame for this. Happy October surprise.
sp0rtbilly77 (3 months ago)
My theory is that 5800 is crucial for testing support. It's not so much manipulation, but the likelihood that if it hadn't tested a key level, the big money in this market will not be comfortable in buying unless it knows for sure it will hold from the support before the previous 2017 bull trend .
Old Man Crypto (3 months ago)
sp0rtbilly77 sounds like you’re a Wyckoff fan! I agree with you.
Grass Hopper (3 months ago)
Funny ta said going up. Give it away mate and use your magic 8 ball. You will get better results
Old Man Crypto (3 months ago)
Grass Hopper where did the TA say that it was going up? If you watch my video from a few days ago we looked at this exact trading range and a probability.
Nika Ort (3 months ago)
Hi) found such a contract on the forums: 0x83fccc659eeeee98ca9764b7b34409347dfbc98b, who plans to invest? What do you think?
Sje tan (3 months ago)
All these delusional people in the comments make me cringe, bitcoin is slowly going to zero.
exotica0 (3 months ago)
The price is the least interesting aspect of bitcoin... Bitcoin's permissionless, trustless, p2p, payment network is giving power back to the people!
Cinque Terra (3 months ago)
U are right ..this is imaginary money/assett...buy quality bonds and etf for dividends ..passive income for life and retire early ...this crypto is fools gold.
SamJigga (3 months ago)
Wow, that's rude! Why don't you let them dream their GPU's will make them billionaires? At least keep the Santa Claus secret, please. It might be too much for them.
Someone Better (3 months ago)
Just because you own 0 😂
Old Man Crypto (3 months ago)
Wow. That’s extreme.
2drsdan (3 months ago)
Game over, We're in some pretty shit now! Are you better off now than at this same time last year?
2drsdan (3 months ago)
So in mid Dec. last yr you were flying.
Old Man Crypto (3 months ago)
2drsdan sorry. I hope you make it back.
2drsdan (3 months ago)
I got in in late nov. last. Lost 1/2.
John Dow (3 months ago)
@2drsdan: Sooo, Cryptos can't be nuked?!!! 😲
Old Man Crypto (3 months ago)
I’m much better off than I was last year
joseph watson (3 months ago)
Why is this A shock to anyone anymore as long as there is no regulations and you can bet against the price and manipulate it from whales it will always stay where they want it drop it buy it low rsise it sell it rinse and repeat
TAC HAMMER (3 months ago)
Embrace the suck. You're still in early...
TAC HAMMER (3 months ago)
Pretty much prolapsed by now.
TAC HAMMER (3 months ago)
My crystal ball is foggy...
TAC HAMMER (3 months ago)
Dude's a beast...
Choo Choo TV (3 months ago)
David goggins!
ThisIsAvi (3 months ago)
Next time cash out ;)
D Based (3 months ago)
But but but, stocks going down will be good for crypto they said, Bitcoin will moon! They said!
Old Man Crypto (3 months ago)
Chris Perkins or pay off leverages in traditional markets! Lol.
Chris Perkins (3 months ago)
Fire sale in the stock market caused whales to pull their money from somewhere (Crypto), so they could pick up stocks cheap.
D Based (3 months ago)
Yep it seems It's only been that way since Jan, I've been in since last June and this channel when it was new actually made me good $ with ADA, iota, and a few others, but things are not so easy in a down market.
John Dow (3 months ago)
@D Based: LOL, yeah. I'm fairly new in this space (10 months) but what I've learned so far is that EVERYBODY is wrong in this space. EVERY predictions are wrong. I think we could make much bigger profits by doing the exact opposite of what the "experts" are saying. Bottom line, nobody knows what's coming tomorrow. But I still watch those videos bc they are damn entertaining! ;o)
Talking Crypto (3 months ago)
All I see is manipulation by whales to get us scared. What are the odds that random people all at once, dump all coins/tokens, all at the same time, just because?
To Eddie (3 months ago)
It was the deep state trying to take out TRUMP before midterms. But you're right it's not random people it's more of a political thing if you are in the know.
Meh (3 months ago)
Talking Crypto about the same as the DOW doing it yesterday.
Lorenz Müller (3 months ago)
It has to be professional players.
Surfer Jay (3 months ago)
This time the sell off has nothing to do with TA!! The elites are manipulating this downwards for the final time to hedge as cheap as possible after the DOW loses 1000 points. Will be interesting to see if the DOW drops & holds below the 200EMA... If so, hold onto your bags coz we are going to the moon!
Surfer Jay (3 months ago)
robert ortiz if your referring to my comment.... I’ll challenge you to a TA test any day! At the very least, I can spell... 🤣🤣
robert ortiz (3 months ago)
if you understood TA you would now bitcoins 8 year trend line will not bounce of such low support
D V (3 months ago)
+Surfer Jay I'm just waiting for Mcafee to eat his junk.
Surfer Jay (3 months ago)
All of the sudden, the EOY 50k BTC prediction by most doesn't seem as outlandish as was once thought!! lol
D V (3 months ago)
+Surfer Jay definitely. I don't think it'll consolidate there. Just long enough for the wall street elite to get filled and leave the retail traders wishing they got in there. I think it'll be a v bottom. There and gone.
Moto Productions (3 months ago)
Fuckk blood bath, time to not look at my portfolio for a week
Crypto in a Van! (3 months ago)
Thanks Mark V!
Old Man Crypto (3 months ago)
Crypto in a Van! You’re welcome! Thanks for the comment.
Erwin Geraets (3 months ago)
Dont use stop loss , computers can check most volatile support zones And break iT easily , we dont want the richest people to get richer !
JP H (3 months ago)
Risk/Reward ratio bro. I stop loss religiously and manually trail all my positions up. If bots shake you loose, it’s not like you loose money-only a chance to make more. I let my stop losses execute all my sell points as a matter of sell discipline...or else I risk screwing up royally. It’s a safe way to plan.
Benjamin Pinto (3 months ago)
i have not used stop loss at all and ive lost 80% of my investment while hodling.. :-(
King Homer (3 months ago)
Novogratz better hope for that rebound to 10,000 soon(ish)....
Yves Nicollier (3 months ago)
sales all over the place
Old Man Crypto (3 months ago)
The problem is I can. When I say long term I’m bullish. I can see that bull run taking us another 6 months. The market probably won’t trade sideways for 6 months. Until I see some sustained follow through from the bulls we’re still bear.
Yves Nicollier (3 months ago)
depends how long you hodl, i can't imagine the market to be lower at the end of the year than now
Steve (3 months ago)
Don't listen to this ignorant pupil. The sentiment is bearish so be patient to buy or else you are going to be fked.

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