what's going on guys Patrick here bringing you a brand new videotape we got another killer video if you guys full of information say we're looking at Bitcoin breaking 4,000 dollars could we see 4,600 next or are we due for a big dumb for gonna be covering all that as well as tons of other news that went on in the cryptocurrency space but guys before we get start with that if you want to enter a chance to win some free Bitcoin all you guys have to do is number one be subscribed to channel and have you notifications turn on number two give this video thumbs up and number three leave a comment down below saying something related to the video also if 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 have over 90 percent success rate and I post every single one of the trades that brought me to a six-figure portfolio in the group so if you are a complete beginner if you don't have time to technical analysis or you don't know how to do technical analysis you can copy my exact trades it takes 2 or 3 minutes to set up and after that profits taken automatically for you so it becomes very very passive and no matter what your schedule looks like we have people in there who work all day we have trades in there for you so I don't want you guys missing out on this opportunity reason we had BTT that hit seven point six nine percent profit just today so we're up into the first target with that and nibbly o which in recently just recently holding in for the last week or so you admit you haven't been able to make up to thirty to forty percent gains on that so again if that sounds interesting to you guys and you want to check that out make sure you do check out the first link down below and use the code profit all capital letters PR o fi t– in order to get 40% off your first month I don't believe there's an excuse to be losing in this market instead of watching or portfolio job with Bitcoin as that is the recent trend as that is what we have had recently happened in the last you know fourteen months or so there are definitely lots of opportunities still in this market to increase your portfolio day-by-day now I am looking at the BitFenix chart this might look different than the technical announced you guys are usually used to and that is because I usually try to use this one for the longer term perspective for the weekly for the weekly chart mainly in the monthly chart because it is less cluttered than these shorter timeframe one so this is the one we're gonna be focusing on today and the reason for that is like you saw on the title Bitcoin broke four thousand dollars and so I want to talk about the possibility of us breaking up to four than $600 continuing this rally and also looking at the bearish side of the possibility of us dropping down so I'm gonna go through the bearish side first first of all we are at very strong resistance over here which is the line down that we've drawn for a very long time again I've had this chart open for a very long time you can see the range we had drawn we came perfectly into this range I'm gonna talk about that just a little bit we have furthered ranges down in case we do see those breaks but I'm starting to believe that the $1,800 Bitcoin might not be coming it might not be coming as soon as people thought or it might not be coming at all but we're gonna get talk about that just little bit the bear scenario to me right here is a big coin touching this resistance what we could see happen from here is a reversal back down if we are unable to break it to support right to the support that we've had over here may even bring us down to roughly the 2400 area depending on how you draw this wedge before actually reversing breaking through this resisting having the momentum to break through this resistance and then come back up right so that's one of these situations which is bearish but still possibly bullish in the end obviously the most bear scenario is another capitulation job in this area if we are just accumulating right now similar to what we saw happen over here or at start you know start narrowing there and tightening tightening of the price of range that's what we're doing here before having that huge capitulation job that is still do I do still believe fake coin could see lower lows before we do eventually break out but over here I am talking about the shorter term what I believe could happen again Bitcoin broke $4,000 which was big we have some very nice momentum actually if we look at the weekly chart let's go to the one week let's go to the one week and there we go you can actually see if we zoom in again I don't know where my head is up here so I am gonna try to keep most of the stuff happening to the left side of the chart we've actually had some pretty solid week some very green weeks for Bitcoin which again is a nice sign on the stochastic on the RSI we are still pretty low indicating we could still see further movements upwards now why did I highlight the range between $4,600 and roughly four thousand seven hundred and potentially even a little bit higher well if we zoom out of the weekly that is exactly where we had this top right here with this week so to me right now I've drawn it at the top of the way core pretty much the top of this wig over here would be the range where you could also do is the wig on the red candle right in order to you know keep that there first and then if we do break above that you might want to extend it as that could be arranged where people would see a lot of sell-off and on the reverse side that's the same thing at the same reason I had this region highlighted over here so to me this long wig showed that this was where we would be buying so down here when we did break into here into the accumulation zone we are buying Bitcoin over at this range we didn't dipped into the range again over here picking up some more and again we could be seeing another dip before a breakout that was one of the scenarios that we saw but also the move up to 4600 as that is where this region is where we could expect to see a larger sell often based on the weekly again what I usually recommend doing is looking at the larger timeframes a zone as well if you are de trade if you're looking at you know getting in and out within a few hours you'd be looking at the for hourly and the one-hour lee-char maybe it may may be the daily but usually if you're just doing this on the arrow you may be looking at the four-hour leave the hourly maybe even less for example if you're looking at bit Mex in order to do some leverage trades but if you want to see more of the overall direction of the market looking at the monthly first then the weekly then the daily usually is the best way to go so if we go out to the monthlies take a look really quick at what things are looking like again we do have two agreeing months as of right now the stochastic is very very low in the RSI again bouncing off that support sort of under that support that we had a little bit but still from all the way back here the RSI is facing a very important area where we will see what happens similar to the weekly if we look at the weekly we could draw a line right here on the RSI to show what is going on right here pretty much the our site went into it is reaching the resistance over here where we had previous support that we saw get touched several times and now of course we broke below that could be seeing that as resistance again an important level being as also right at the same time we have this resistance that we talked about for sometimes I'm noticing not a lot of people are talking about it so again that's all stuff we do want to take into consideration those are the zones I'm looking at to me this right here is the buying zone as of right now the bias zone is and time we fall in here we do see some accumulation we do see people start buying more we see the buy orders come in that bring us to you know to bring us to break above this region and then start training again here and now this region right here would be where I think because we could be seeing a lot of selling and if we do break above this of course there's not much resistance in this area there's not much at all since we've just had two huge candles on the weekly that brought us down for break it down to daily as well same thing there's not a lot of support in this region we just seem to break right down and come right back down to this zone and of course one last thing we do have this trendline drawn on the daily on the shorter time frame something roughly like this but as you guys can tell we have had two touches as of right now in this to this trendline of course showing it is acting as support so break down below here again we could definitely see a touch into not only this zone but also for this trendline as well let me know your guys's thoughts right now in the comments that's what I'm looking at so far my long position which I was telling you guys I was in a position it was a long position it has hit three of our targets already in the group so very happy with that we have moved our stop-loss so now no matter what happens we will close the trade and profit also be and be so pine ants corn has been absolutely killing it and I want to emphasize again this is a cryptocurrency I truly truly believe in and I think is going to is not only here to stay obviously because finance is trying their best to become a monopoly in this market if you like it or hate it finance is taking over every sector they're being the frontline in terms of pushing for adopters that's why I don't mind too much as – being everywhere is just because they're one of the reasons cryptocurrency is probably the main reason cryptocurrency is where it is right now it's because of Finance it's because of cz his vision and Finance coin being their cryptocurrency obviously is going to reap the reward that's going to be a very very nice hold in moving for especially if finance continues what they're trying to do now quick look at the overall markets so just under 140 billion dollars in market cap with a bit of Bitcoin dominance of 507% look at 24-hour change we have or Mia's don't know what it is I don't know what it's doing but it's up just under three one-percent BitTorrent like I've mentioned as well just under eight percent gain Raven coin list Tasos several crypto currencies are seeing some green pretty much a 50/50 split though between green and red as we see some losers waves very good cryptocurrency Gollum very good crypto currencies not down a lot down 0
01 percent don't know really if that counts we have some very bigger losers being Arora crypto calm chain which had an absolutely huge pump came back down to its support you can see the trend line pretty much drawn over the Year Hollow as well down to seven point four or five percent but it's a pretty even split fifty-fifty sideways day in the market maybe as the big crypto as the big coins the big one ones the ones with a bigger market cap the ones with most of the volume have very very small changes so to me again pretty sideways day for Bitcoin it came a it did go up it came down to touch a previous resistance that did turn support and now it's looking like it is bouncing off that but news about the Lightning Network which I haven't touched on in some time the Lightning capacity has broken 1,000 bitcoins up 54% without breaking 42 million US dollar so again over a thousand Bitcoin in that in the network capacity and 42 million dollars in terms of USD that's absolutely and say you can see there's been a lot of growth not only with the number of nodes the number of channels and the network capacity as well so pretty good news there also for ripple so the q1 partnerships that we've seen XRP have so far could push it to new heights so we've seen on twitter on in this is December 11 2018 Joseph young tweeted that coinbase have been listing everything in crypto apart from XRP it says it may add every asset above a certain level like the stock market but still no XRP savage on a serious note it's likely the pending federal court case against ripple is holding them back for now well now we've seen XRP actually is on coinbase although coinbase tried to you know keep it away we all saw it coming we also said it was going to happen eventually and here we go it does it did happen also good news of course before is that CZ did come out and say that he does not see XR p as a security it certainly doesn't look like a security as what he said which again does obviously play in ripples favor and for the ripple community for that star peak community that is obviously good news but they've had several partnership they've been building a lot to me xrp might not perform necessarily might not show its true potential in 2019 although I think it could the 2022 Mito between 2019 and 2020 it's going to be a very good there are going to be very good years for XRP for the price of x RP in terms of just actually making money not just with the adoption not just with its partnership in terms of the people investing in it making money 2019 2020 both to me look very very promising I do think 2020 we might see if the biggest explosion again we have to wait and see we're still a little we're still a little few months away from 2020 so let's see what 2019 has in store for XRP hopefully continuing to make more and more partnerships also card Donna which I haven't talked about in a very long time it's volume almost double and coinbase could trigger the rally soap cardinal price went up 174% coinbase could offer support for a da company of course another big cryptocurrency with a very large community that a lot of people are hoping to see on coinbase soon the transaction average almost double in the last two weeks alone so after chopping from the top ten card Donna is up seventeen point four percent in the previous week because of this it is one of the top performers and could register more gains if coinbase supports a DA so I guess since we've seen coinbase add ripples since we've seen them add a few more crypto currencies last time I asked what you thought point abuse was going to ask them I was going to add next a lot of people said XR P so now I want to ask you guys again since X RP has been added what do you think coin base will add next obviously we haven't seen the hag get give off as much of a change especially um recently with XR P we didn't see that big of a rally we didn't see that big of a bull run just because of the coin base news like we saw with some other cryptocurrency but I want to ask you guys anyways see what you guys think let me know what you think in the comments down below in terms of what coin base will be adding next now before we end off this video I do want to say that I'm not doing the giveaway today on Sunday even though this is usually when I do the big coin giveaway because I want to be giving away these I have to ledger nano s obviously you know how important it is to keep your cryptocurrency safe if you have a lot you might want to break it up into seven into several different Hardware walls so I will be giving away these I'm currently in the process of setting that up how I'm going do it how I'm going to run the giveaway for this then I'm going to be announcing that very very soon I am excited to share that with you guys so stay tuned for that but guys that's gonna be for this video hopefully 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 I can check back in to see if you did win so you can go ahead and claim it but guys thanks so much for watching I'll see you guys tomorrow for another video
