QUICK BITCOIN UPDATE!! BITCOIN SMASHES THROUGH 7000! WILL IT CONTINUE?!

QUICK BITCOIN UPDATE!! BITCOIN SMASHES THROUGH 7000! WILL IT CONTINUE?!

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Comment (14)

  1. This is a very clear cup and handle pattern which means the retrace should be fairly shallow before we consolidate a bit and then keep moving up. We will see but I’m lovin’ it!

  2. Thanks again Chris,I'm finding your chart interpretations very informative.Where may I ask do you get your charts from?My learning is kind of restricted at the moment because I do everything on my phone.Charts are just not suitable for phone screens,so a laptop is definitely on my Christmas list,anyhow,never thought I'd be so hooked on the crypto rollercoaster,and without being knowledgeable on chart interpretation,I may as well just place a bet on the horses.I've learnt so much just from watching your videos and reading yt comments ,much appreciated.

  3. Like “butter through a knife”? What a idiot. If he can’t even get cliches right, probably doesn’t even understand the expression, how can you listen to his babbling?

  4. Great vid. I went back and did some research on Barr pattern or what is known as the bump and run reversal pattern. While many think this is a bullish pattern for continuation its not. The Bump and run happens in 3 phases. The lead in is phase 1. The bump is phase 2. The run is phase 3 ( this very bad given the history). When reading about this pattern it states this pattern is an EXCESSIVE speculation pattern another words manipulation and will come crashing down on the run phase. Yes the run phase is the massive action to the downside. Right now we are at the end of the bump phase on the estimated 50 degree increase from the lead top trend which is what people seem to think is the bottom once that lead trend line has that bounce we enter the bump. Remember the increase of 1000 dollars in an hour? The lead trend line increases 31 to 45 degrees (perceived bottom). The bump that we are in goes 50 plus degrees (parabolic) from the lead trend line. Once we complete the bump sorry to tell you guys the drop is nasty. The pattern result going back to the Beginning trend line of the bump or top of lead trend at a minimum $4000s area. If lead support line is broken there is high probability we fall below the start of the lead as this pattern explanation suggest. Another words we will go below 3k. New bottom. Look for the breaking on the right side of charts to break trend line on bump once that happens small retrace to a douple top will happen to give false hope for continuation and down we go. Many bulls are celebrating this pattern but the end result of this pattern historically is devastating. Its the ultimate bull trap. The ride was fun while it lasted. Be sure to take your profits please. According to the books this happens so fast you wont have time to react. Fyi there is a fake out on the double top

  5. drop back down bounce back and off into othe bul market im gonna buy more btc when we pull back i think btc give up most of yesterdays gains like 2015 and then bounce off and away

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