BITCOIN RALLY SLOWS – Is A Bitcoin Correction Imminent?




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On this video we proceed our brief time period Bitcoin technical evaluation on the current HUGE Bitcoin rally that noticed Bitcoin rally over 25%. In the present day, Bitcoin has begun a downtrend following a take a look at of Bitcoin resistance within the zone of $5,300. This new minor Bitcoin bearishness could also be an early warning signal of issues to return on Bitcoin. In at the moment's video, we examine at the moment's Bitcoin market with the Bitcoin market of 2015, and discover putting similarities between a pre-Bitcoin bull market rally, and at the moment's Bitcoin market. Has a Bitcoin bull market begun, or is that this merely the preemptive rally earlier than the Bitcoin bulls truly take off?

Bitcoin rely = 13

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29 Comments

  • That was me. Golden cross on the daily.

  • Time to buy!

  • nobody knows what btc or the market will do pure speculations!

  • idiot titles oh btc slowed down it's gonna crash fuuuuucccccckkkkkkkkkkk

  • You said ‘bitcoin’ 100 times in under 13 minutes. Good video apart from that👍 Literally one point you said bitcoin 5 times in as many seconds?!

    Maybe this is a drinking game? 🙂

  • Have you heard of David Chaum?

  • Hahahaha great vid Jebb, and Yes let s kick this shit up to the stars!!!

  • Has Bitcoin not recently closed above the ichimoku cloud?
    Would this be a contrary view to any major pull back?

  • The suckers rally is Youtube and the donkeys that come here for investment and trading advice lol

  • I must have balls of steel then.

  • Looks like a buy signal lol

  • Is it possible that while the market cycle rhymes with the last one… this time is going to have a different ending because of where the money is coming from (institutional money vs retail)?

  • We touched the 50 weekly and it knocked us right back to earth. Bitcoin went to -7 at about 4am

  • Put up a weekly chart with the 50 wma on it for Bitcoin in tomorrow's video. You will see back in 2015 that the 50 wma rejected BTC then for two months it retraced about 50%. I don't know if it will retrace that much but I could see a rejection at the 50 wma now at $5600 and a move to the 200 wma which should be $3600-$3700 in a couple of months. Steve from Crypto Crew Univ said the two bull market signals are (1) BTC price over the 20 wma which has been fulfilled (2) the 50/200 dma cross which hasn't occurred as you mention in today's video. I think a rally to the 50 wma is going to happen and that indicator will reject BTC and it will go into a bear correction for a few weeks. Then will be a great time to pick up BTC, LTC, and alts. I haven't been with your channel from the beginning but I have followed you for many months. I've been in cryptos since late July 2017 and I've held through the entire bear market although I did trade GBTC (Grayscale Bitcoin Trust) in late 2017 and made a lot of good trades by going long on dips.

  • No one is mentioning the NVT flashing red.I doubt we will only see a 500$ correction.

  • Hey Jebb, so if you mean me, then yeah, i actually use the 55 & 200Ema and after testing $5333 on the weekly will come down to the 200Ema at around $4100 to test as support and probably capitulate.

  • Honey is dripling from your words, to the stars!

  • I see correction coming… the 50 WMA is going to be resistance and will push it down. Then we should move up after the fall to 3400 levels.

  • The question is where was the 200 weekly moving average during 2015? I see that we dropped and nearly had a double bottom during 2015 but I do not believe in doing so we crossed below the 200 weekly. The difference is this year the 200 weekly moving average is sitting around 3,600 so if we do fall from here, I do not see us dropping below the 200 weekly. So in other words, I do not see us retesting the bottom again

  • Ready for Alpha Centauri!! Balz of Steel!

  • I hope BTC dips a couple more times before going bullrun. Still need more BTC. I've placed some depth charges to buy at lower prices. These have to be triggered first 🙂 Pulled 'em up a little though, because sub 3k (where they were at first) is a lot less likely now.

  • Well I certainly hope that we go down a bit once more before the bull market so we can accumulate some more 🙂

  • Yes Jebb, we will have a correction, this is normal after a huge run-up like this.

  • This bear market has been all I have ever known since entering the market in mid-December of 2017 right before the peak…and I am still here. You have no idea how ready I am to see the fun side of this market

  • My T/A has bin showing the exact thing! I took profits and sitting on my hands now. Hopefully many others are have done the same. Thanks for the info. 👍🏻✌🏻

  • I took profits so now I hope it retraces so I can get ready for next little pop buy and sell

  • the weekly has crosses 50 &100 and 20 & 150 MA I do not see 200 MA on the weekly

  • I trust your skills Jebb you are a profesional. the other youtubers just looking for new topics for blabbing (wasting time and nerves)
    As you say that the bull market is coming soon and I believe that.

  • Bitcoin is taking a nap before going for $6,000

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