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It’s been another week of ups and downs for Bitcoin but overall the larger bearish trend has continued. No new highs have been registered and there is a support level that has had a couple of tests and could be seen again if the downward momentum continues.
That support lies at 9150, which was touched on the 17th of January. If selling continues and it’s broken, then a further down move to 8400 could also materialise.
Trading expert David Jones also discusses the latest news from South Korea where authorities have clarified their requirements for trading bitcoin and cryptocurrencies in general. They won’t be banning it altogether but rather require that everyone trading it share their identity. The move is aimed at curbing illegal activities. As of today South Korea is the third largest cryptocurrency market after the U.S. and Japan.
At Trading 212 we provide an execution only service. This video should not be construed as investment advice. Investments can fall and rise. Capital at risk. CFDs are higher risk because of leverage.
you are amazing . so beneficial really . dont be late please for vedios
Thanks David!
what program are you using?
Hi Randy, the trading app used in the video is Trading 212. Open an account now and trade with virtual funds for free in the Practice Money Mode at http://www.trading212.com/en/Free-FOREX-Practice-Account-GBP.
I didn’t get the exact conclusion sir,is it going to be more low or will rise from here.
.
That’s what he will never ne clear about, they juste show you the levels but don’t clearly give a clear direction
Rise according to him. I’m not convinced though.
Adam Kallin same here..
Smash Pass Studies
It will rise eventually. This is all a pullback in the bigger uptrend.
Doesnt matter. Stay with it and either Bitcoin is history and you’ll lose a little money or Btcoin will comeback and you’ll make a small fortune. Patience.
If it breaks out, they won’t have a chance of catching it again.
I hope the guards don’t shoot it.
Another great crypto raport 👍
What time frame would you guys recommend to trade in with something as volatile as crypto vs something like stocks?
at least one year
I trade on daily charts and making good profit from it
Interesting, will give that a go thanks
If you are asking what time period charts to look at, I would be tempted to stick with the daily time frame because of the volatility.
Great analysis. Should be an interesting few days for bitcoin.
I heard that using your software to trade cryptocurrencies is bad cuz you guys control and stop trades at good times so ppl end up losing or making no profit for why I’m not sure whether to use this platform or not cuz I wanna get into cryptocurrencies but all this news is putting me off from this platform even though this platform would be my first choice
Trading 212 is authorised and regulated by the FCA, CySEC and the FSC. Rest assured, all clients are treated fairly. You may want to contact the customer care team in case you have any concerns whatsoever – http://www.trading212.com/en/Contact.
MrProzerman I have done not to bad listening to this man and just put what you can loose on simple 😉
Can you do some live trading with us ? Or put a fake account on stream ?
What do you think of this?
https://www.tradingview.com/chart/BTCUSD/GBdDEgy8-Rinse-Wash-Repeat-the-fractal-road-to-8K/
Thank You!
What. A guy legit called Davy Jones suggesting you start buy bitcoins. What a time to be alive
Am new at this, so how do I bitcoin stock?
KPOPFANBOYUK Hi are wallets and exchanges the same thing if not wat are exchanges for and why do ya need GDAX.TY
david you are so stupid good at this keep it up. your channel is like an econ 101 class. <3
Thanks David. Great to see how you make these video’s. They’re very well setup, you’re speaking clearly and the subjects are very interesting. Keep up the good work!
Based on the information about S.Korea the market is set to go back up for sure. Most investors are law abiding citizens, prepared to pay some tax on their profits.
John d based on your bullshit I say the opposite 🙂
RIP bitcoin
Nothing but hype only
Please look or analyze the USDZAR pair also Gold.
Bit-con is trading towards RIPPLE finally giving it the bullet
I think the problem is, this isn’t just another coin. It isn’t like the others that people are gunning on like the wild west to make fast money. This is the one that will get big AFTER this hype dies down and it’s recognized as the reference coin for all other coins, since no fiat currency can in the future be referenced as a mark of the value of an inherently deflationary perfect currency. Big picture…… The value will go up, as the true value of coins are realized, and that will be after the hype. Boiled down- bitcoin has been overall tranding down for almost 1 1/2 months because more money can be made faster on lowcap coins rising. When that phenomenon dissappears, and this market settles, then will be the rise of bitcoin.
You might just be right, but it’s going to be a long time until the battle with the alt-coins and shit coins is over. At least 3-5 years.
Great vid! I think BTC is definitely coming back soon, but I can’t help but wonder if altcoins will take over once more fiat trading pairs are established in the coming months. Between that and the slow implementation of LN, I just can’t see Bitcoin returning to 2017 levels of rapid growth.
thanks for the video, loved it!
Bitcoin yea
Very well explained. Great channel
Awesome stuff!
break down more like
i look forward to a day where prices are stable
Bitcoin edging toward a total collapse.
Good video, but I’m still wary
brakeout downwards of course. Buckle up
dont be a sheep, if you stick with conventional you will be in the situation where biggeners of bitcoin were. 😂 😂 😂 😂 😂 I will never go with currency which bounces like ball because some one playing with it, ants see ball bouncing but can affect bouncing ball bounce when in bulk, but power is more to the one who playing bounce. 😂 😂 😂 😂 😂 if you are late, be very late then because you will be last and first from bottom
I’m just waiting for Evil Corp’s E-Coin to take off 🙂
Mr. Robot is awesome!
Love the vid
Love it…
I currently have about $8 of BTC.
great analysis, keep it up
Well, in hindsight, this video didn’t turn out good 😀