what's going on guys Patrick here bringing you a brand new video today we got another killer video for you guys full of information saying we're we talking about da Vinci j15 calls the altcoin bottom we're also gonna be looking at India legalizing cryptocurrencies as well as tons of other news that went on in the cryptocurrency space but guys before we could start with that if you want to enter a chance to win some free Bitcoin all you guys have to do is number one please subscribe the channel and have your notifications turn on number two can this video thumbs up in number three leave a comment down below saying something related to the video also you guys are interested in making money trading cryptocurrencies even while the market is down make sure you check out the first link in the description or the first link in the comments for the cryptocurrency trade alert group so far we had an over ninety percent success rate and I post every single one of my trades that brought me to a six-figure portfolio in the group so if you are a complete beginner if you don't know how to do technical analysis or you don't have the time to do technical analysis you can copy my exact trades it takes two to three minutes to setup and after that it takes profits automatically for you I show you exactly how to set it up it'll take profits automatically for you so it becomes a very very passive we've had people make up to five hundred to a thousand extra dollars in one single trade which is insane and I'm also bringing in some altcoin leverage training coming soon so if that sounds missing to you guys make sure you do go ahead and check that out also if you did like the new thumbnail we're changing it up you guys like the new thumbnail let me know down in the comments as well I did I thought it was pretty cool I'm not gonna lie I was pretty proud of how it turned out but now the main topic of today's video we're gonna jump right into this because there is a lot to cover now I did not give credit to mm crypto correctly last time forgot to post their link in the comment section so I'm going to be posting the link number one to this video number two to DaVinci j15 channel YouTube channel as well in the comment section of this video so if you guys are interested in going to check it out make sure you do go ahead they've been doing a series they've done several videos several videos together talking about different things that are happening and well this one was huge as you guys can tell he is calling the bottom of the altcoin market now keep in mind I said all coins specifically because this does not include Bitcoin and it's only for the Bitcoin pairings of certain all coins so keep that in mind when ago more detail about it really quick though before we get started mm crypto did a video also with tone vase who is a very renowned technical analysis expert a lot of people follow his predictions and I'm gonna share some things that da Vinci and tone vase do agree on and we're also going to talk about some things that they completely disagree on number one thing they disagree on I'm gonna say him right now tone vase said that he believes the areum could eventually fall back to its ICO price he said to as low as twenty cents which obviously caused a lot of people to panic I'm gonna have to disagree and say that twenty cents for theorem sounds way too low and I personally looking at the charts myself don't think that's something that's going to happen obviously he said it could happen right this article went twisted a little bit and said it he thinks it will happen he actually said he thinks it could happen which obviously is a lot different than will I do obviously the possibility that it could happen is always there but I don't think that's something we are going to be seeing however Bitcoin they do seem to agree on what could be happening so we're gonna look at the monthly we're gonna look at the weekly and we're gonna look at the daily technical analysis just to give you guys an idea of what we could be seeing moving forward I switched it up I'm doing the news at the end of the video and the technical analysis and the market talk in the beginning of the video so that's also something you guys enjoyed I think the format will work better this way so let's go into it on the monthly I did notice one particular trend so one thing is we've been following this trend line for a very long time on the monthly all the way back from the all-time high and it's similar to a trend line that we follow in 2014 now I know I know I know enough about the 2014 comparisons and I agree to an extent we shouldn't compare it too much because a lot has changed since 2014 but it's always it's always important to try and recognize patterns where patterns are so one thing we saw on the trail and over here was a huge job eventually after following it for some time a huge drop which led to a lot of sideways action for a few months before eventually entering the bull run so a lot of people are asking if this is something we are seeing here as well as we have had a sharp pull back Wow after following the trend line for some time and potentially would be moving sideways here until we enter able run that would line up perfectly with people expecting a bull run to happen in 2019 maybe mid to late 2019 after having a lot of volatility in the first grow the first half or the first quarter so that's one thing to keep in mind that looks really interesting on the monthly moving on to the weekly though we do seem to be a ways away from entering bullish territory and one thing that can highlight this is something that da Vinci j15 said as well and something that a lot of people will agree on is when we look at the MACD the MACD is still a ways away from crossing over to a bullish territory so until that happens and again if this is something that could take several months for it to happen again would line up perfectly again with the possibility of a bull run in the queue in the second half of 2019 so things are shaping up a pretty well in that direction at least 2019 looking to potentially be a better year than 2018 now moving on to the daily which is the last one were to do I'm not going to do the hourly right now I'm not gonna do the hourly or the for hourly I think the daily will suffice in terms of what the prediction from tone vase and also da Vinci has predicted it's something I've talked about previously as well a lot of technical analysis people have been saying the same thing well one thing we could see is a dead cat bouncing that's going to mean that we will eventually make our way up and I think potentially touch the 200-day moving average that's something we can definitely see as it drops faster and faster on the way down this is the 200 ma as it jobs faster and faster I think it will per work as perfect resistance if we do eventually go up and touch this now on the micro micro perspective of what we could be see happening in the next hours maybe even the next few days there's two scenarios that play out the more probable one I believe is eventually having a pull back down to test the lows that we have seen over here right test the lows again over here before eventually moving up and having that bounce to these regions before eventually and this is one thing that a lot of people are agreeing on before eventually turning and coming right back down and may taking lower low so that on the technical analysis is important to know this is something that a lot of technical analysis people have agreed on obviously you're gonna find counters and people who disagree with it but at the same time I think a lot of very respected people have said that it's too early to say that we are not going to see a lower law overall we are still in a bearish pattern and that should always remain in people's minds now another thing that could happen which is a little bit less likely but at this moment I think it's still too early to tell because as of right now the 18 EMA has been working as perfect support and also the support we've had at the 3700 has been holding up very very well so that could indicate that we could just move directly on up to that bounce into the region again which I think if we do meet up with a 200 ma it could be anywhere between the 2700 the 5700 to the 5200 is range so it's a decent range that we can see it happen and then from there same scenario as of right now moving on the way down that's why it's difficult to make price predictions at this moment or in general because so much changes and people have to alter their price predictions given what happens in the market and we all know crypto to be a very very volatile market something that you know isn't like most other markets out there if any other market out there meaning that things could change so fast that we have to be prepared to update the technical analysis and update predictions overall if something does change in the blink of an eye now one thing he did notice although we've agreed that Bitcoin most likely at this moment will see lower lows is the fact that all coins look a little different or at least most all coins look a little different than Bitcoin now he said while he was showing charts to a friend because he's so busy right now he's not looking at charts he noticed that he was missing out on some of the best buying opportunities out there and that he was excited this is DaVinci j15 again he was excited about what the market was showing him mainly being that it was it was impossible to draw Fibonacci retracements now for those of you guys who don't do technical analysis a lot of people use Fibonacci retracements one to learn how to use them they are very very helpful and Bitcoin has been following some patterns that fit perfectly with this for some time now they went into detail in the interview on three specific all coins and those three are stellar Cardno and neo and well starting with stellar this was the one that he said did not look great for him as of yet he still has a by significantly lower for it at a lower level on the Fibonacci retracement but he did then point out that the pattern as of right now still looks like you're buying at a premium of what could be seen and although maybe we don't reach that price he would rather miss out on that opportunity and getting cheaper on some other awkward's and those ones were talking about our card Arno and neo two that we've talked about a ton on this channel stellar as well we've talked about a ton on the channel but if you look at the graph for Cardinal you can see that Hugh saying that this looks like the perfect opportunity to buy and similar to neo because you're getting things at the very very bottom at a super super a discounted rate Neil the same thing we can see that it's just been going down and contrary to stellar that's held on actually relatively well in this market stellar has been following F for a trader a pretty easy cycle a pretty easy pattern to trade but as investment you are paying what he believes to be a premium at these prices long-term I personally think stellar is going to do well so that is that fits in there I think it's always gonna do well at long term so if you are buying or if you do a hold it I still have faith in it although this I'm not a financial adviser this is not financial advice this is just my opinion on the overall breakdown and on some specific crypto currencies well Neil looking a little bit deeper into it I guess can see where I got the thumbnail picture from I took put it into dark mugs I thought it looked a little cooler either way Neil is looking very very good because it's almost impossible to draw the Fibonacci retracement now he acknowledged that if you go all the way back this is the bitch if you go all the way back it starts to get a little easier button you are able to draw eventually however just looking at it like this he is saying that these are just some ridiculous prices to get in on neo now he did explain that he's very cheap when it comes to buying all coins and if this small little pump over here he would look for a correction first before buying in to ride it as a trade but in terms of the long term holds in terms of what's a good investment all coins he is claimed and he's calling it all coins have hit their bottom in BTC pairing because he still believes Bitcoin could see a drop moving forward seeing lower lows which again we've talked about a lot in the last few videos and just in terms of technical analysis this has been mentioned a lot and I think a lot of people do agree with that as of right now until maybe we see something change but he is called the bottom is in for all coins to Bitcoin pairing now again he's not a financial adviser either they remind you this in the interview I highly recommend you guys go and check that out it was like 52 minutes long 55 minutes long tons of information DaVinci a very very smart guy to listen to and I want to ask you guys before we move on to the market and the news what do you think do you think we have hit the bottom for all coins do you think right now in terms of BTC pairing we are only gonna see all coins increase in value or do you think there is still more room to drop let me know that in the comments down below guys I would love to hear what you have in mind what you think is happening in the cryptocurrency market everyone has an opinion so I'd love to hear what you guys think while we do look at the overall market though it looks like it's a little bit of a red day but again the relatively sideways not a lot of volatility we do have an expiration for a futures coming up tomorrow I believe so I do expect some volatility to be coming in at around that time but as of right now it's a 127 billion dollars in market cap with a 521% Bitcoin dominance again relatively sideways days but it looks like there is a little more red than green let's take a look definitely a little more red than green maybe it's 65 35 percent red indicating overall it is a red day some of the biggest gainers eternal token again it's up 144 percent what's going on I have no idea I don't know eternal tokens honestly it's looking like a pump and dump at this point decks as well Komodo is Akimoto one that is has a better reputation I believe next so theorem classic is factum is up several cryptocurrencies are up although there is more in the red meaning we have 10x ontology still falling suffering a little bit here aurora crypto comm Vivek's a on Pontiacs all those are falling and again strengthening what is a red day in the market but nothing to worry about we do have a lot of news coming out and some good news in terms of especially for some specific people and that number one is that cryptocurrencies may soon be legalized in India this came through a report that crypto currencies like Bitcoin may soon become legal in India a country known for its not so friendly approach to the industry that has in the past moved to ban digital assets now personally I think this is going to hold the country back a lot I don't mean to offend anyone but I do think if you are that against new technology if you are that against something that a lot of people aren't picking up and starting to adopt more and more if you're looking to ban that and make that illegal you're going to hold your country back from future success now we've seen this happen with a lot of countries and I think 2019 we're gonna see a lot more countries start to ease up on their bandwidth this or on their strict rules because they're noticing how much they are leaving behind by not researching and by not adopting this form of technology but I remember while the Indian news was going on which we don't talk too much about right now but a lot of people came up to me and asked me what are we gonna do how are we gonna buy a Bitcoin can you buy a Bitcoin for me I'm some of those might have been a scam in hindsight but I didn't do it anyways now hopefully moving forward there's not going to be it's it's not going to be illegal things are gonna go back to normal because that is a huge population that if can adopt cryptocurrency if they do add up cryptocurrency that's a lot of people that could come into the market more people in the market means more adoption means more money overall means prices will increase now the by Nancy ocz who is always in the news again says that the industry will grow stronger than ever in year and review so while summarizing 2018 although we've had a low in prices he said that it was one of the best years for adoption for technology and for growth overall and I a lot of us can agree with that we were seeing some crazy things happen in the market that although prices don't reflect the actual value and this is something that happens in every market if you think about it most of the times market caps are prices for something stocks and so on aren't a full reflection of the valuation of that company reason being Facebook for example suffered a ton when you know somebody comes out and says something bad maybe a public figure for a company they found out that ten years ago he said something bad people get mad at the company they sell the stock that doesn't change anything that the company has in terms of technology in terms of product whatever it is doesn't mean they're you know worse at manufacturing something or whatever it is but the market price does fall the shares fall they might lose ten percent in a day twenty percent in a day and the same thing can be said with Bitcoin I don't believe price is being reflected I don't believe price is reflecting the actual value of it because a lot of people are growing are going through weak hands are going through selling because they're scared of what they invested and they didn't know what they invested in that's just something that happens so I don't think bitcoins price or most cryptocurrency prices are reflecting their true value because some of them should be valued at zero and some of them should be valued at a lot higher but he does say that in the industry will continue to grow stronger than ever in 2019 and that hopefully at least from my point of view we start seeing some better price action that might reflect a little more of what cryptocurrency should be valued at and what it brings to the table now this is pretty funny and I think is very very accurate this was tweeted by Erica Voorhees he said asking Jamie Dimon about bitcoin is like AXA is like asking a taxi driver what he thinks about uber point being is that cryptocurrency and Bitcoin aren't here to take away exactly what Jamie Dimon does which is now I'm not gonna speak 100% accurately what he's involved in Krupps and stuff like that but there's a lot of no no's that shouldn't happen in the world but are happening with big banks and with just manipulation over all this the thing that's been happening and so crypto currencies and Bitcoin trying to overtake that you're basically asking a taxi driver what do you think's about uber uber was made to take away the taxi market and to make things different a lot of taxi drivers have been very upset with that with that technology coming in so when you ask them about it they absolutely hate uber and they will tell you a bunch of bad stuff about uber because it doesn't benefit them it makes their life harder so I agree with this a hundred percent moving on also not only crypto so not only crypto suffered this year not only not just crypto in Bitcoin but every major asset class had a major fall back in 2018 we've seen this happen especially recently with stocks that look like they might be recovering a little bit but still overall crypto currencies and we're not the only assets to struggle this you guys can see a list over here that shows in 2018 that there were very few winning options some were commodities a like natural gas weed coke Cola oats palladium and corn however I have a feeling most of us did not invest in corn so other than that most people are suffering the sp500 is down a majority of assets at least the ones that most people invest in are down and one thing that's really cool and interesting which was posted by Pompey on oh right here so short pump on Twitter he is verified so we know he's legit he posted that the S&P 500 lost almost seven hundred fifty five billion dollars today now this was a while ago this is you know 20 days ago twenty two days ago whatever it is the time you guys are watching this that is more money lost in a single day for public equity investors than all crypto investors combined this year math don't lie and he actually was talking to someone on Twitter who were applied to this and I thought the response was really cool as well he's saying you are comparing the equity value of every public company to a speculative project that turned into a bubble terrible comparison Pantheon came back and answers saying Bitcoin outperformed the S&P 500 for the last ten years five years and last two years it will outperform the next ten to two which the person responded all that means is gains have materialized and you are late to the party and will be more likely to underperform in which case he said crypto market will outperform SP over the next ten years won't be close pub bump up public equities are in the longest longest Bull Run in history and are over vited today so I think he exposed perfectly the crazy mentality that people have in terms of the fact that they think Bitcoin has you know it's peaked already it's had its run bull block meanwhile on the other side we've had public equities that are having a there was been a crazy bull market up until recently then yet people don't blink in Hayate and people don't think that's a bubble people don't think that's a struggle the person said money never goes out of style in which case someone responded and I love this fiat does so money does not go out of style and I agree with that fiat goes a style money will always be around in a in a particular shape or form I don't believe it's always gonna be in the way people think it's happening or though in the way it's happening right now last piece of news a light coin fights off other kryptos to become the first UFC sponsor some a little bias here I do like watching the UFC if any of you guys are up to date with the UFC well they're going to have the litecoin logo on the canvas at now as the official cryptocurrency partner of USC – 3 – namely known because John Jones is going to be fighting Alexander Gustafson so I'm gonna be watching that if you guys are gonna be watching as well let me know in the comments down below if we have any UFC fans in here I wasn't crazy up Sea fan but I've grown to like it more and more as each UFC goes by but that's not the main point big news for litecoin here happy to see them as a partner and I'm gonna be watching out to see to see their logo on the canvas but guys that's gonna be for this video hopefully you guys did enjoy if you did don't forget to leave a thumbs up and leave a comment down below in order to enter a chance to win some free Bitcoin and of course be subscribe and have your notifications turned on so you can check back in to see if you did win so you can go ahead and claim it but guys thank you so much for watching I'll see you guys tomorrow for another video
Recent Comments