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BITCOIN BULL TRAP? Technical Analysis on BTC

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After the recent BTC rally, Mark gives an update to the BTC chart. Find out what he's watching the charts for now! Mark is an active crypto trader and enthusiast but is not a professional advisor. Please do your own research when making an investment decision and never invest more than you can lose. Visit our website: https://altcoinbuzz.io ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: https://bit.ly/2sZCAiF New episode every Monday and Friday! ----------------------------------------------------------------------------------- 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: Cold Storage Coins: https://bit.ly/2ISGynt BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- 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 (109)
IzSlasher (1 month ago)
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Old Fart In Crypto (2 months ago)
way to go Mark, great video! glad to see more of your vids
Crypto Hidden Gems (2 months ago)
TA people did say there would be a pull back before the bulls go for $8k
Olurin Opeyemi (3 months ago)
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Qhute Teo III (3 months ago)
I have found help in the right place, thanks for telling us about him
Timothy Jay Tee (3 months ago)
Think? The banks are scared of the future. So once everyone puts there money into crypto, we will no longer need them! Possibility? Run on banks perhaps...last year what was a bitcoin worth? Total short sighted
Snarly Sausage (3 months ago)
Thanks for video!
James Barrick (3 months ago)
Ok so now BTC has blown through the 6800 level up to 7350... things are starting to look interesting. I remain fairly convinced this would be a good time for traders to sell. Time will tell...
Vasikokk (3 months ago)
fupoof coin (3 months ago)
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Looks good now
Mark Vidano (3 months ago)
Looking REALLY good now, but still want to see it settle in...lol.
Omar He (3 months ago)
Very good work right to the point... amazing work. THANK YOU.
Mark Vidano (3 months ago)
Thank you Omar!
facevalue (3 months ago)
It's going up to 9 K and then down to 5K in the next few months. Then up to 80 k by the beginning of 2021
Andy Raman (3 months ago)
Thanks Mark sir... Nice short video
Mark Vidano (3 months ago)
Thank you Andy!
James Barrick (3 months ago)
Keeping it pithy!! I like your style. Most of the videos have less information and take 19 minutes My gut tells me that BTC is going to trap some more money. Your analysis is on point. If BTC does clear 6800 there will be a good chunk of money that will push it a bit higher, but that would only be enough for a couple days. Then all of the holders that bought in the last 9 months becomes very nervous and sells at the first sign of weakness... I remain interested to buy when BTC is trading in the 4000 area which I think is coming within a few weeks
Mark Vidano (3 months ago)
Hi James. Thanks for the comment. It's a double edged sword right? I hope that we don't go to $4k, but I also would love to buy at $4k!
CRYPTO_NOMICON (3 months ago)
Great video, need more of these! Awesome work buddy
Mark Vidano (3 months ago)
Thank you Cryptonomicon! I appreciate the comment!
Deez Nutz (3 months ago)
Pleeeeze let it be a bull trap! If I see a sideways motion for more than 30 hours or so, I'm finna tether half my position. My ideal scenario is the SEC has already chosen a "yes" and this is a fakeout to hammer the price for institutions to a yearly low of 4900 by August 25th. Then wham!- a 2 week moon to 8500
Mark Vidano (3 months ago)
I hope we get a decision in August. The SEC had 2 other ETF proposals on the table that they have pushed since the beginning of the year. The difference with this one is that there is insurance backing it and they have A LOT more public comments on this one than the other 2. Public pressure helps. But if you watch my video on ETFs...it would be very hard to take some of the comments seriously. Some of them are pretty sad.
KarimBilal1 (3 months ago)
KarimBilal1 (3 months ago)
Mark Vidano Yeah I think it is. I don't think the 'elites' will allow loads of people to get rich just by hodling bitcoin. They saw that everyone was screaming hodl so they crashed it. They will probably crash the whole market and then they will create their own government assigned crypto for us all to use. Then again what do I know LOL
Mark Vidano (3 months ago)
Let's hope not Karim. :(
D Based (3 months ago)
Bitcoin right now is reminiscent of early may when it shot right to near 10k then stayed between 9700-9980 for 2 days then fell back down, and hard.
Lud Wig (3 months ago)
Thanks friend😎👍🏼👍🏼👍🏼
Mark Vidano (3 months ago)
You're welcome Lud Wig. And thank you for the comment!
Queen Boadicea (3 months ago)
Yes I think this is decent trading advice. Personally I have closed my short with reasonable profit from 7800. If you look at the weekly and monthly chart it gives you a much better picture. It shows we broke out of that large triangle pattern with a technical target of 1500 - yes, 1500. However, there is a chance it may go back and test the underside of that triangle first at around 7700 (which is also where the weekly 21ema is and the monthly 8ema). If it breaks 8k then my theory is likely invalidated unless it's a false break up. However, I am only looking for shorting opportunities as the monthly shows we are now in a bear market. I have shorted a number of times from 15k down and made profit every time. If it breaks 10k then I would start looking for long entries. As you say, right now it's best to be patient and see which way the wind blows in relation to the current price action. But I urge everyone to look at the monthly chart. Best wishes.
Artem Danilko (3 months ago)
Так какой резон заниматься добычей? Просто можно приобрести подходящую монету заблаговременно и ожидать)) я лишь что получил бесплатные жетоны ZILLIQA на www.freetokens.online / zilliqa-automatic-airdrop молвят, что это весьма многообещающая монета, которая может повторить судьбу NEO и сделать 10 X-es. Это может быть этак в горнодобывающей индустрии?
Roland Senn (3 months ago)
Nice thanks
Mark Vidano (3 months ago)
You're welcome Roland! Thank you for the comment.
EXCALIBUR4040 (3 months ago)
The price of Bitcoin is yet to fall to the historically significant support line on the logarithmic chart. Currently at around $4500...
Mark Vidano (3 months ago)
But it has tested the historical of $6,000 4 times, So at this point $4,500 means nothing unless BTC breaks through the SL of $5,700.
Psicin co (3 months ago)
Bring it on!!!
HYBRIID (3 months ago)
We all know the bears are done. Oversold DYOR
Mark Vidano (3 months ago)
True. Cornbeefsoup. So true.
TheCornbeefsoup (3 months ago)
HYBRIID Oversold doesn't mean it can't go further it just means weak momentum.
HYBRIID (3 months ago)
Everytime it goes to green you guys call it a bull trap. Stupid
Mark Vidano (3 months ago)
Did you watch the video or just read the title, because I said POTENTIAL bull trap.
James Barrick (3 months ago)
How stupid is it really? Nothing but bull traps for the last 7 months. Check back in a month and we will see
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Jason nelson (3 months ago)
Валентина Рябухина confirm scammed bro, I hope you don’t hold heavy bags lol
Otto Nomicus (3 months ago)
The way I look at it, anyone who would pay much more than the average mining cost is a sucker. Why would people be fighting to get btc? There's no big use for it and there seems to be an ample supply. People wanted it to trade against alts but now most alts have collapsed to less than 1 btc volume. Nobody would fight to get those either.
Geeza 1589 (2 months ago)
Ash Jones good call
Ash Jones (3 months ago)
Otto Nomicus the same reason you pay more than the original production cost for everything you buy. Food, water, cars, fuel, clothes, houses
Denis Fartyshev (3 months ago)
I back the author up on the occasion of ZILLIQA token!
Lama Light (3 months ago)
Its for sure a bull trap. Great analysis man 👍
Mark Vidano (3 months ago)
Thanks Lama...I'm hoping it's not, but dang.
Lama Light (3 months ago)
Good catch man, thanks for your advice, you are the man 👍👍👍👍
Mark Vidano (3 months ago)
Thanks Lama!!
Акоп Алоян (3 months ago)
Did all of you succeed to participate in ODYSSEY airdrop best-airdrops.site/tokenodyssey ?
Memo Sonmez (3 months ago)
Elastos❤️no doubt
C C (3 months ago)
What ever Happened to Elastos Review?
Doc Wicked (3 months ago)
If it’s a trap then when the hell is the true bull run starting ?? For Christ sake
Mark Vidano (3 months ago)
You started it with a previous comment on my TA...so please...go tell "Daddy". You: Dude lay off the charts they don’t mean anything in crypto currency markets are completely unpredictable every time the YouTube people trying to act like your experts and chart something like they think were in the stock market It takes another crash down so just stop it
Doc Wicked (3 months ago)
why are you being mean and rude to your subscribers. I'M TELLING JEFF!!
Mark Vidano (3 months ago)
I'm not saying it's a trap...I'm saying watch out for the potential trap. The bull run starts after a clear break of $6,800 with a daily close above and either a test of that for support or a continued run. I thought I was pretty clear in the video. If you want a date, you need to find a youtube clairvoiant.
Dimotov Malzer (3 months ago)
When i started trading about 9 months ago i lost my money due to lack of good strategy, and signals generated by so called experts some of which i had to pay for. I was made to understand that most posts here are scam but then a fellow youtube knowledge seeker told me about his experience with as and also directed me on how to contact him. In answering your question, i earn over $8000 weekly. Reach him on ( Whatsapp + +12675273392 )
Gofofin Fignoni (3 months ago)
How can i make correct price analysis and determination? I keep mising it here and have lost almost $18000 in the past few months
DJ Chahal (3 months ago)
Mark, you are my favourite reviewer on AltcoinBuzz. I stopped watching Altcoin Buzz but ever since you arrived on the scene and being active, I have been actively watching your videos.
Rurabomber (3 months ago)
Same here, I watch all of Mark's videos and not much else on Altcoin Buzz. News presented by Mattie are usually a little bit old and I like some of Jeff's livestreams, but more for entertainment purposes than for anything else. :P
Mark Vidano (3 months ago)
Thank you VERY much DJ. I REALLY appreciate it!
Marine Lady (3 months ago)
Concerning ODYSSEY token. Are there holders of this coin here? Don't forget to take part in free distribution on myairdrop.pro/token-airdrop/odyssey
Andres Olimpo Tamayo (3 months ago)
Short & Sweet, Thanks Man. Lets Keep that Positive Mind Going Strong, Awesome Times are Around The Corner, Peace
Mark Vidano (3 months ago)
Your welcome Andres! Thank you for watching. I'm a bull at heart...just want to see us clear that first hurdle!
medaill0n (3 months ago)
Thank you friend!
Mark Vidano (3 months ago)
You are welcome! We're all friends here. Well pretty much...I'm sure I'll have some haters...lol
Drukpa Kunley (3 months ago)
Had to rewind the Video...
Crypto Jenni (3 months ago)
Crypto Jenni (3 months ago)
Mark Vidano You're welcome! Thank you!
Mark Vidano (3 months ago)
Awesome! Thanks for commenting Jenni!
Drukpa Kunley (3 months ago)
Very Informative very Simply .... Eloquently Explanation.... profits margin INFORMATION..... this is FINANCIAL INTELLIGENCE...HALLELUYAH I AM
Philip Morgan (3 months ago)
Good stuff! You know how to dish it out succinctly.
Mark Vidano (3 months ago)
Thanks Philip! I appreciate you watching and thanks for making a comment!
CaptainGaming (3 months ago)
Why I think ETN is going to take off by the end of 2018: A) Coinbene listing by the end of this month and most likely other bigger exchanges in the near future. B) Richard Ellis said that Electroneum's features will become available in September. This includes instant payment. C) Electroneum's advertising campaigns will start to acquire mass adoption of their coin within 2019. D) BITCOIN WILL RISE!📈📈📈 Just my 2 cents though...🤔
D Based (3 months ago)
...And 2 cents is all we might get (drumroll).
advanced racer (3 months ago)
CaptainGaming yeah really haven’t been followed the ETN tech have you? Its blockchain is trash and they don’t even know how to fix it. So much ETN double spending and 51% attacks
carlos linarez (3 months ago)
Supposedly this comment will make you rich!!! Make a point of ZILLIQA token! Buy it at least on 10 dollars!!! Or in case you are running low on funds , it is possible to getitfree of cost using the airdrop on www.myairdrop.org/zilliqa-distribution
Falk Mattern (3 months ago)
Mister,you look like Gary Oldman in the 5th element
Mark Vidano (3 months ago)
I'm really not sure if I should take that as a compliment...lol.
Lars (3 months ago)
I like these short and to the point videos. Good work and good advice.
Mark Vidano (3 months ago)
Thank you Lars!
Georgi Stefanov (3 months ago)
buy etn
Marvsjo07 (3 months ago)
keep staking my friend
DividedShark (3 months ago)
Chris Bird (3 months ago)
No brainer ,will easily 10 X soon , so undervalued considering whats going on ..
Michael Coughlan (3 months ago)
Thanks dude.
Mark Vidano (3 months ago)
Absolutely! Thanks for watching!
Omg Beast mode (3 months ago)
Buy tron, ada now before they mooned
Peter Page (3 months ago)
Of exchanged all my Btc for tron
Omg Beast mode (3 months ago)
Long term guys , Lamborghini is on the way. In Jeff we trust
Omg Beast mode (3 months ago)
In 2009, if I tell you bit coin going to be $100 in 10 year, you think I am crazy. Tron and ada are baby , they are going to be Huge
Ramakant Sharma (3 months ago)
Mark Vidano ya dear i understand what wanna you say me. Can i contact you on whatsapp?
Mark Vidano (3 months ago)
Hi Ramakant. Don't get me wrong. I'm HODLing a lot of AMA and have been since for a while. I like the Coinbase announcement. That has helped and will help down the road some more. I just didn't know if you were taking the comment seriously. I've heard too many stories of people that dumped their life savings into a coin based on comments like the one above and lost all their money. I just didn't want the same thing to happen to you. Obviously, you're in tune with the space, so I don't need to lecture you...lol. Good luck with all you're trades!!

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