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66 Comments on This Bitcoin Level is Important… Here’s Why

  1. Thank you for keeping us up to date Alessio and I hope you’ve been eating healthier and working out now! 👍

    • ​+Xari- 0n It isn’t about % swings, it’s about the importance of the 200 weekly MA, and we’re still above it… if it closes below that there’s more downside risk… % swings can be misleading, you need to pay attention to longer time frame averages, esp in crypto.

    • That is very wishful thinking. You should wait at the very least another couple of weeks before concluding that.

    • edit name yep!!! This is peoples problem, Everyone buys in like sheep when it rockets. Fast forward 12 months I can’t believe the prices on some of the coins I remember the prices for. Crazy!!!! Now is the time to buy, people would of been dying to get in like this before the last bull run. Here’s their chance, it’s quite close to the bottom yet they are trying to be Harry Potter whiz kids and pick the bottom. No such thing! Invest when your comfortable around a certain mark. Logically speaking, previous support and current resistance utilising Elliot wave theory would dictate around the $100,000,000 billion dollar market cap range. Anything under that, good luck and it’s a bonus, anything over that you run the risk of not buying near the bottom!!!!

  2. Hi Alessio Great Analises! So what happened with then Elliot Wave, are we at the end of 4th now?
    Cheers M8

  3. They say Bitcoin is going to be digital gold, can someone explain why? I think proof of work assets are kind of scary in light of what Roger Ver did to Bitcoin Cash. Just trying to understand the logic from people with experience in this market. Thank you.

  4. What is the definition of 200-weekly average? Is it the average of the price for each week going back 200 weeks? [Week 1 + Week 2 + … Week 200]/200

    • +Inutile Degli Inutili No it’s not a random guess, it’s a correction percentage of the big a correction a few years back.. most times history repeats itself.. So a phycological support at 2,800 is also at play.. Anyhow it will be very interesting to see what happens..

    • nimo hobbs True but you should bear in mind that going down to 2800 would mean 1. Breaking through the 200 MA 2. Breaking through the 3000 key level ;
      So I don’t know if after this happening bitcoin could find support there

  5. Doesn’t matter what the charts say what the price is Bitcoin and all other cryptos need to become useful at the moment they have absolutely no relevance, just a game traders are playing.

    • +Michael Goldstein this guy always predict something else and when the opposite happens he boost that in his next video saying…”i told you guys” he never stand on his prediction just few weeks earlier he said that 1800-2000 may be to low, now he says this is the low…

    • +Being A.S Nope. Technical analysis is only accurate until the trend changes. It’s only based in probability. So, no one can ever be 100% correct

  6. You’re desperately looking for patterns but at the end of the day, we are at the mercy of greedy whales who can manipulate markets at a whim. I don’t go with charts any more.

  7. Firstly, resistance is quite strong and there has been rejection already like 3x but some positive signs still show anyways in my personal opinion, bitcoin if its able to break above $4,300 may quickly see us into the $6,000 range again. Nevertheless, crypto has shocked us in the past especially the last year with predictions of price that went completely wrong. I hope to see more proponent for trading which obviously has been a more secure consistent and profitable means of earning off crypto. It has also been proven over and over again that winning in Cryptocurrency (Bitcoin Trading) is a combination of experience and good strategy and you can always join the winning team of a more experienced trader with already working and proven strategy. One of the best remains Brock Burkitt and with him, i have been successful in my trades at least 98% of the times and have realized over $60,000 in profit, December 2018 alone so i advice you forget predictions and start making good profit now because future valuations are all speculations and guesses. To reach Mr Burkitt you can send him an inquiry (BrocckBurkitt@gmailcom) or WhatsApp him *+1-518-351-9039* and i am quite certain he will be willing to assist you in all crypto related matters

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