After the drop in Bitcoin we saw in March, what does this really mean for the cryptocurrency? Is the rally over? Has the wave count changed? We reveal the answers.
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Thanks Alessio - for me the low volumes and spring action concern me that there may be another big trend down. Great video as always
Blame the government taxes. The IRS is the problem.
Your info is GOLD!
Meh.. u can speculate with a chart.
This video appears in my mobile YouTube app but not on the desktop YouTube website... censorship?
Whatabout the death cross?
What has changed? Well everyone is talking about some news from G20 which seems to be the cause of the climb.
The last time you said bitcoin was making a big move up (at around 11000), it tanked to 7400...
Buyers will send it to the moon this weekend. 23rd, 24th, 25th, 26th...
I see Bitcoin like a video game for traders, there are no fundamentals (trading a computer token has no value) just traders going head to head with their TA. This is why Bitcoin does the expected when it comes to TA, all the traders watch for the same thing.
thanks for update Ostad,
Yeassss new video!! Miss you alesso 😘
if you wanna filter "noise" you can use heiken ashi candles .in conbination with moving avereges can do miracles .
excellent! i knew Alessio would report live from vacation :)
My first missteps: Best thing I've heard in a while. GUYS, I'm a 4 month trader noob. LESS IS MORE. If you're like me, you're probably over trading. Don't stare at the computer all day and night. Good advice Alessio.
Some of my Missteps: Unintentionally developing and trading with a mixed, and often contradictory, trading style, and philosophy. Information is not always a good thing. We need to search out credible information, and the least amount needed to succeed the better . Analysis paralysis is a noob dudes nightmare.
Trying to day trade and HODL at the same time - because, well, the Tshirts....HODL, right? Was I not supposed to HODL through the end of DECEMBER?? You mean my a stubborn and righteous HODL all the way from $18,000 on down to $9,000 was a bad move??
Not knowing about time frame, the different ways to trade the different time frames on a chart, nor seeing how they relate.
Not using a stop loss EVERY TIME.
The next mistake: Once I did learn how to use Stops I made the mistake of just setting them where I felt emotionally comfortable. I found that this was a terrible habit. Set stops at price points which coincide with my entry $ amount , and stop targets specific to a mathematically sound risk/ reward ratio.
Trying to enter a stop loss too quickly - selling at $740, rather $7,940.
Zooming in too close, or too far out, on a chart.
Not understanding the relationship between BTC/USD, BTC/LTC, LTC/USD. Losing the amount of BTC I held in exchange for currency which I just reinvested for less BTC than I had prior to selling. Spreading my bank roll across 3 exchanges, to where it's just too much to keep a handle on. Way too much info to wade through. Never really understanding how to trade margin, and learning that even though it appears you made money on margin, I still lost money and never understood why. Spending more time on entry strategies, and zero on exit.
Those are the few that stand out. It's been helpful reading other's early missteps. Just think how fast crypto moves. I feel like we are getting years worth of market trading experience in mere months. It reminds me of the change in poker playing style and how good players got once online poker hit. You saw 4 times the amount of hands one would see at a traditional casino table with dealer. I see the similarities in trading crypto in comparison to trading traditional. Interesting time we're living through. :-) STOPL not HODL.
The principle of less is more applies in so many areas of life. It's amazing how we tend to over analyze in so many aspects of life. I see people in the gym overtraining doing every exercise and a thousand sets trying to get stronger only to get weaker than if they did one or two exercises with strict form for fewer reps and get way stronger. I see people dating as many people as they have time for rather than devout quality time and really getting to know the one or two who may prove to be their soulmate. The more people look for technicalities to reason things as they do the more things seem to wrong. Thanks for the great reminder not to over analyze.
will bounce off 10k and go back down, possibly to a double bottom with 6/2. it is the only way to signal to the market that the reversal has come. everybody will start join again. 1:1 retracement.
Thanks for the TA but you've been quite wrong recently on your calls. But hey no one is perfect thanks for your update.
Meh.. u can speculate with a chart.
Ciao Alessio, your Italian brother here. You are awesome man, besides your open mind and good thinking about trading, you are evidently an awesome human being. Glad you enjoyed Iran and if you come to Europe hit me up for a cappuccino. Saluti
I don't know how your FIB shows a 61.8 retracement. Mine shows a definitely 78.6 retracement from the $11750 move.
What has changed from the last time you did your analysis is not Nothing ... remember G20 happened and they said that cryptos are nkt a threat to financial stability ... not sure if bitcoin respected the levels you show or it sailed based on the G20 news
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Can you please elaborate on what your 'Time Resistance Clusters' are aggregated from? Not quite clear from this video what they even are.
Hope you will enjoy the historical places in Iran. I wanted to ask what software do you use for your analysis, it seems very neat and useful.
Becareful .. that's my advice.
This guy thinks he's smart analyzing a chart in hindsight.. Technical analysts are a fucking joke. You offer seminars too? Oh of course, you're so good at TA that you need to sell people stupid seminars. All of these frauds are the same
USDT crash in April?
Fibonacci, Fibonacci...
Bitcoin is finished
Good message for those Who look every day on their portfolio 👌
Random noise? I didnt look for a month and now I am broke.