Bitcoin has been in recovery mode in the last ten days or so but has now reached a trendline that formed from two previous high points. At around $10,900 right now we could see another test of this line and if technical analysis is to be trusted – a sharp move either up or down could follow.
Here to discuss the chances of this happening is trading expert David Jones. He shows us the support and resistance levels at play in this situation and puts into context the news from around the world about regulation, central bank opinions about whether Bitcoin is a failure and renewed interest in South Korea.
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.
We go for hold ???
mr sandeep HODL
Let It drop and buy more.
HODL
HODL your nappy cos you about to shit yourself!
Sell once it reaches 12k – 13k because it’s an avalanche after that.
We then go back in @6666.
Godspeed as we conquer Mt Everest. So dress warm!
Send me Bitcoin if you don’t believe me.
Send me Bitcoin if you DO believe me.
I’ll keep it safe for you all either way….
1HTQF31oSJhFvMnESNwooDMykLvZiAjLCd
haha Hong Yunhai you mad you bought at 20k
It’s a long winter for you all snowed under.
All that salt and still can’t get moving. LOL peasant.
Yes definitely hodl, or buy more of course. It’s still 40% off
-40%?
LOL
Wait dont buy just yet, let the market bleed for a few days, lets see how low can we go.
Love your show! Thanks so much. I have improved my trading immensely since watching you. My only criticism I have is in regard to the idea that regulation legitimizes bitcoin. I would contend that regulation is the very mechanism that the corrupt use to manipulate markets under the guise of “protecting” us from ourselves. Regulation by the powers that be is antithetical to the entire philosophy of crypto, which is financial sovereignty and personal responsibility without the threat of violence from centralized power structures. Ok, stepping off of the soapbox now. Again, thank you for your great content :).
Good video, thanks.
hi David,
thanks for the vid! thumbs up.
do you have a vid about conformations? I mean, how many conformations do you need, to get confidence to take a position? after witch checks do you decide to take a position?
lesley
Hi thanks for the question. I just look at trend and support and resistance. You could use an indicator like e.g. the RSI if you want extra confirmation.
It is going to test the old highs because there is almost only good news about bitcoin. Definitely HODL.
Yeah btc is under 10k, soon ppl will start to buy.
You should analyse the market cycles of crypto. Alt/Btc relationships and trends
hi david, what software are you using for those charts?
Josh Paul the clue is in the name of the channel 😃
Thank you. Bitcoin BTC is the only independent fundamental decentralized coin and true store of value that is not owned by a company or under government control.
Mark Carney fails to see where bitcoin is heading with it’s coming upgrades; lightning network etc
Sz27 Clz75m. Lightning network … ? I think its making more sense now …
Any idea how many btc Mark Carney has?
Trade it like stock, listen to David!
What platform are you using? Thanks in advance. Great channel.
It is Trading 212. Try it out for free at http://www.trading212.com/en/Free-FOREX-Practice-Account-GBP.
Hi David, which one is better to trade with MACD, EMA or MA Cross. I am still new to the whole trading thing and found that if you keep and eye or trade with the MA cross that it will also guide you as to how the market at the current time of day is doing and way of when to go long or short
I think as cryptos tend to trend well, a simple moving average could be the best approach, although of course nothing is perfect.
Watchout for a deathcross coming ahead
Laban Ignacio what’s that ?
https://www.coindesk.com/ripple-adds-5-new-clients-across-4-countries/
thanks for update, keep going
Great work .. ! Straight to the point .. And have to say I can clearly here you … Wich makes your videos that much more great .. Thanks for all the information.. !
luis cordova ‘ hear’ not here
Mark Carney: lololololololololololololololololol.
Always insightful. Thank you.
Man this is 2 days too late.
Well…looks like the larger downtrend stayed intact. Great video sir…I’ve learned a lot from you! Can you take a look at Vechain cryptocurreny? It shows a bull flag and had a recent short lived breakout..but seems very strong resistance at around 60000. Daily looks like might be a big move coming but company at 3bil MC May be overvalued…check it out if you have time! Cheers from B.C. 🇨🇦
David, great video. I was wondering what program you use for your charts. I use tradingview, but would like to change. I really like your charts and their look. Where can I get it from?
Hi Ryan, this is Trading 212. Start with virtual funds at http://www.trading212.com/en/Free-FOREX-Practice-Account-GBP.
Look guys I lost over 12000 in crypto i really believed in this in December but now you guys are just gambling. Does anybody really know if this will go up or down ? It has not moved ? It just goes down. Guys be careful please put in what you can lose.
cek komen
Hey, over the past week I’ve been using the practice account and have managed to turn the 10k into around 16-17k I was wondering what are the differences between the practice account and using real money? Thanks
The Practice and Real Money Mode are the same, except for the virtual money and the Weekend trading feature in the Practice Money Mode.
Amazing insight David, Greatest respect for you!
You should retitle your video to drop more bitcoin before you lose everything 😂
It hit the same trade line again last night ,