Crypto Duel: Will Bitcoin Ever Hit $100K? | Peter Brandt & Erik Crown


Hey everyone! Today, I’m going to be talking
to veteran trader, Peter Brandt, and Youtuber/Streamer/Trader, Erik Crown, about the mercurial, ever-elusive
Bitcoin market. As you predicted, Erik, we saw Bitcoin make a sizeable move last week,
which, unfortunately, was not in the direction that we had hoped. You predicted that if we
were to see a downward move such as this, Bitcoin could end up somewhere in the 6-7k
range. Do you still stand by that prediction? And, Peter, what do you make of Erik’s assessment
of the current trend of the market? Yep, so I do still stand by that. As long
as Bitcoin is below about $9,100, I do remain bearish and I do believe that we have another
leg to go probably back down to the $7,000 level, give or take a couple hundred bucks.
That does seem to be where a lot of things, a lot of technicals are lined up with. I can
bring up my screenshare right now. So overall, Bitcoin does look to play off of this monthly,
21 exponential moving average. From historical standpoints, this yellow guy right here, we
do see that that’s kind of the general kind of phase etc, I suppose you could say, for
generally bullish or generally bearish when we’re below generally bearish, when we’re
above it, generally bullish. And as you can see right now, even with all this downside
volatility, Bitcoin still is not even tested. It is currently hanging around the $7,000
mark right here. While that does look pretty nice and does look pretty beautiful, it does
suggest that we really do have a little bit more downside here to go, based off of what
we’re looking at, of course, on the daily volatility metrics as well, we do see volatility
is expanding once again after getting down to a piece four level, a level that we haven’t
seen since really May of this current year before this massive explosion from the $5,000
base to basically 2x over the next week and a half, two weeks. So, you know, Bitcoin is bouncing right now
and it’s kind of held below all these major moving averages. It looks like we’re kind
of wedged between the 200 simple. And in the blue, three seventh exponential average right
here. So, we’re looking to play out a little bit of a bounce, maybe trade sideways for
a bit of time in this range between about $8,750 and kind of our base at around $8,000
low, I suppose. And things, you know, as long as we’re below $8,750, I do believe that this
is kind of shaping up to be redistribution. How, you know, how long does that take? Nobody
knows. But as long as you know, my key points here is that, yes, I do kind of stick with
that as long as we remain below $8,750, that’s kind of my pivot for immediately being bearish.
And then if we get back above $9,100, that would be kind of my full bull. You know, no more bearish or anything like
that. That’s basically just that’s mostly based off of the weekly 21 exponential moving
average, which I kind of just get rid of everything here. I apologize for going a little bit more
longer than I probably should have. But this yellow moving average has been a pretty damn
good, you know, decider once again of sort of which sort of phase that we’re in. And
when Bitcoin is in a generally bullish market loves to play off it on its bullish dumps,
if you want to call it that. And in a bearish market, likes to kind of use it as its resistance
point. And right now it’s currently coming in right around that $9,100ish level. And
I’d have to say that as long as you’re below there, I have a very hard time being, you
know, like immediately bullish, so to speak, I’d love for Bitcoin to go back above there.
And now it’s only changed my mind, and we could get back to talking about bullish type
of things. But as long as you’re below there, I do believe that it’s a lot more like that.
We do hit that next target down towards about 7,000 bucks. What do you make of all that, Peter? Well, hey, hey. I’m impressed that a young guy uses moving
averages to begin with, I think that’s awesome. I thought just us old guys use moving averages,
but moving averages are great. Great default proxy for a trend. So the question is, what’s
your time length? Everybody has different time lengths and different time lengths, produce
different things, you know, time scales are important. You know, whether you’re looking
at weekly or daily moving averages, you can oftentimes get different opinions based on
the timeframes you’re using. But I think there’s another thing and that is Bitcoin is going
to do what bitcoins is going to do. And it does matter. It doesn’t matter what I think.
More often than not, we don’t think it will do or at least do it not in a way that we
think it’s going to do it. But, you know, I look and, you know, people who follow me
know that I’m extremely long term constructive on Bitcoin, but I think we’ve got some problems
here. You know, that decline that we saw on September 24th was significant for me. I’m
a chartist, I look at charts. I have to follow what the charts tell me, particularly look
at patterns. The chart patterns to me became very, very negative. On September 24th, we
completed a descending triangle top. We turned up on the ADX reading, which I follow
as a confirming indicator. We also expanded and diverge the Bollinger Band. And normally
when those things happen, the mistake is trying to jump in and pick a bottom too quickly rather
than let the market play itself out, try to find proof that we’re going to head back to
the upside. Right now, my default position is Bitcoin will move lower. I do have targets,
they’re lower than Erik’s. I think Bitcoin did go back $5,200-$5,300. I have a cluster
of targets depending on how I look at the chart, determine those. But you know, $6,700-$6,800
down to $6,000, $5,300, but $5,300 is kind of in the back of my mind where I think this
decline is going to take us. I think the big surprise may be that this extended sideways
congestion lasts a lot longer. Everybody wants to either be bull or bear in Bitcoin. Well,
how about just chop? We could chop ourselves out for really perhaps the next six months.
And that’s going to completely wear out the bulls and that may be what we need to have
happened in order to really put an underpinning in this market and headed back north. What do you think about that, Erik? Do you
agree with that sort of like long term sideways chop that Peter is talking about? I mean, obviously, it’s very possible, right.
And it’d be the thing that probably most people don’t want to happen the most, which means
that it’s quite likely, you know. You know, Peter, one hundred percent nailed it. And
most of the time people want to be full on bull. They want to be full on bear. It’s like
joining a gang in a sense, you know, it’s you only want that direction because it appeals
to, you know, whatever, it is in your ego, I suppose. But at the end the day, a lot of
the times we’re kind of just chopping trend lists. And, you know, while I do think that
lower targets than $7,000 are certainly very likely myself as a trader, I take things one
step at a time. And I do feel like there is a potential, you know, potential reversal
point or least structural, you know, support built up around that $7,000 level, again,
give or take a couple hundred bucks. If that bounce does get faded, if we see, you know,
some sort of divergence play, if we see just something, you know, something signaling that
that is petering out, then the next, you know, relevant level to the downside for me would
probably around the same area. I think you know, I think obviously you have a lot of
support built up in like the mid fives. And then after that, we see a lot of this
market coming down to the monthly 55 exponential moving average, which were big wins all the
way down in the like mid to high $4,000s. A lot of alts are already there. You know,
is that foreshadowing a move in Bitcoin? You know, it’s which comes first, the chicken
or the egg, right. And unfortunately, most of these markets move together. And I would
say that’s all it’s looking extra parasites, I suppose you could say. Does bode a little
bit on the worst side for Bitcoin overall. So I do think it’s very possible, but again,
myself as a trader, I take every major level as a potential, you know, definitely, you
know, a very, very likely bounce place and a potential reversal, you know, potential
reversal pivot as well. But, you know, that needs to be accompanied by getting back above
a certain level that changes the structure. So for right now, that certain level still
would be about $9,100. If we got down to that $7,000 level, we maybe got back above perhaps
it’s kind of hard to call it right now, but I’d imagine someone like the mid to high $8,000s
that would probably do it for me. But again, just kind of has to be taken once upon a time
from my perspective. So, Peter, you tweeted last week that the
hardest part of trading is not what to do when the world gets turned upside, such as
now in Bitcoin. The hardest part is making the tough decisions in advance so that one
is not forced to act in haste when things become crazy. Exactly what kinds of decisions
are you guys making to prepare for events like this most recent market drop? Yeah, I mean, I think that was really a reference
to what I sense, maybe correctly, maybe incorrectly from social media. We’ve got a whole world
of formal traders out there. There are people that really don’t go into the day deciding,
here’s what I’m going to do here and the conditions upon what I’m going to do, how I’m going to
act here. How am I going to preposition for tomorrow? How am I going to preposition for
next week? For next month? I mean, what basis do I make decisions? And that is my observation
of an awful lot of participants in this market. They’re flying by the seat of their pants.
They’re responding to quick movements in the market, and that is idiotic. I mean, for me,
the preparation was in making the determination during this congestion area that we had is
that I wanted to reduce my holdings of Bitcoin extensively. I didn’t wait for a big drop.
I mean, I had been basically long Bitcoin, by the way, I’m not a day trader, but I’m
also not a holder, and I refuse to use the HODL world. But, you know, I’m a strategic
holder. And that means that I want to sidestep what I think are extended periods of uncertainty
or the possibility of extended declines. And so I think the hard decision was to exit Bitcoin
during that congestion area and favorable prices and being willing to prepare yourself
for a big decline. Rather than waiting for a sharp down day where Bitcoin is down 10%,
15% and then deciding that perhaps you need to do something with Bitcoin. So really, that
was my reference for that tweet. Erik, how do you prepare for events like these
since you sort of predicted this movement coming? Yes, so my trigger as a trader, when I kind
of switched from being more bullish to more bearish was when Bitcoin lost that critical
$10,300 level that we spoke about a month ago, that was a big deal for me. And it’s
kind of picking back on what Peter said there. You know, my mentor used to always tell me,
it’s a little bit crass, but please stick with it. And he’d say, you know, the market
will f%ck you whenever it wants. And of course, when you fail to plan, then you have nothing
to go off of when you get in those more emotional situations, as Peter was kind of referring
to, you’re usually going to make the wrong decision. So in those situations, you know,
I’ve found that, you know, when I don’t have a plan going into a major trade like that
usually goes extremely, extremely poorly. So I’ve been you know, I completely agree
with that. And overall, you know, Bitcoin breaking that major level, that’s kind of
where I did change my mind on it. And unfortunately, you know, it always feels bad, especially
after writing a nice move to the upside, it always feels bad, you know, kind of getting
out of that position. But at the end of the day, trends are changing, and that’s your
job as a trader to recognize when that change behavior has actually happened. Yeah, Erik, you just said something that’s
so interesting. Sometimes, you know, we exit a position even though it’s the right thing
to do, it feels like an old friend died. Yeah, we get attached, we get attached. It’s
a human condition, we get attached, whether we like it or not. So are we in a bear market right now? And
if so, how are we supposed to survive this one? Go ahead, you go first. Okay, fair enough. So are we in a bear market
right now? Well, I don’t necessarily think that’s, you know, going up 350% constitutes
a bear market. We did have a reversal, and I do believe that we’re going to be downtrending
for a little bit of time. But the way that I look at a bear market is, you know, a prolonged
downtrend over the course of, in cryptocurrency language, about six months to a year. In traditional
world, you know, perhaps multiple years and, you know, in some senses. So what I say that,
you know, is Bitcoin in a bear market right now? I would not define it as such until we
actually break major structural areas below about $4,500. That’s where I become a long
term bear talking about like actual long term trending to the downside, meaning that we
just set in a major lower high at this $14,000 level and we’re going to be sitting in lower
lows along the way as well. Yeah, I would jump in here and just again
make my comments relative to what I see from the technicals. And if you look at a weekly
chart of Bitcoin and you define an uptrend as a series of higher highs and higher lows,
well, we’re in an uptrend. The long term trend in Bitcoin is definitely up, but I use a proxy
for a trend and that’s an 18 week moving average. And, you know, everybody has a different number
that they use for that moving average. And I think the importance of one is consistent
in one trades accordingly. But for me, the market is just hanging on. And should we go
lower or sideways here for another couple weeks? My 18 week moving average is open to
the downside, and that will then result in me declaring Bitcoin as in a bear market,
at least in that timeframe. So building off of that, over the weekend,
Tommy Lee tweeted that excluding the 10 best days of the year, Bitcoin is down 25% on the
year. He followed this by asking: are you that good at trading? And adding that he believes
Bitcoin is weak in trendless macro. What does he mean by Bitcoin being weak in trendless
macro? And what do you think about his observation of the Bitcoin market? Do you think that holding
or as you didn’t say earlier, hodling, is a better strategy than trading, as his comments
seem to imply? I’m an old guy. I mean, by the time Bitcoin
becomes what everybody thinks it’s gonna be, I’m all gone. And so, you know, I’m a swing
trader and so, you know, I’m not going to be married to any trade. I traded now for
more than 25 years. And I think some sort of absolute view of a market, of any market
at any time for any reason is wrong. I mean, I’ve approached for Bitcoin market is the
fact that there’s a 50% chance it goes through a $100,000 or you name the price, and a 50%
chance it goes zero. And so, you know, I want to be positioned accordingly in case it goes
up. But I don’t want to be married to Bitcoin and have it go to zero because I think that
still is a possibility. I’m not going to get into the reasons why. I think it’s beyond
the scope of what we’re doing here. And so I disagree, I disagree, I think there is a
time to own Bitcoin and not be a day trader with the idea that you’re going to stay with
it. I don’t personally like to stay with a position that’s going against me. Yeah, 100%. I 100% agree with that, really,
because at the end of the day, you know, when he says, are you really, you know, are you
really that good at trading Bitcoin? Well, it’s a great time to be a hodler in an upwards
market. It’s never a good time to be hodler in a downwards market, because Bitcoin loves
to play out. You know, 80%, 90% retracements on average. And so when we’re looking at just
something as simple as perhaps just the weekly trend, just looking at higher highs and higher
lows and lower lows and lower highs, just judging that, I mean, that could just be even
on a very basic way of doing it, but it works, you know, and even just doing something very,
very simple like that would offer better results than just blindly buying at any hour of the
day. I would imagine that most people blindly buying during 2018 not so happy with a statement
like that. Longer term perhaps, which again brings up that conversation of it really comes
back to your perspective, right. Myself as a day trader, well, I do care, you know, it
does matter to me. And of course, that’s the way I’m gonna trade. That’s the way that I
make my living. But I imagine that, you know, a lot of people out there, this is maybe more
like a hobby or perhaps they’re more of an investor like long term. And it’s going to
completely change that perspective. So, you know, would it be the worst thing to do? I
mean, maybe not. You know, I mean, all the people who bought in, what is it, 2014, 2015
during that bear market? They’re quite happy right now as well. Assuming that they did
hold through it. But at the end of the day it comes down to your personal perspective
and you know, I’d say for myself, I disagree. Maybe for someone else, it could be true,
yeah. This next question is for the viewers, straightforward
and blunt. Is Bitcoin going to $100K or is it going to zero? Flip on coin. Yeah, it’s the all or nothing proposition,
right? At the end of the day, I’m a believer in Bitcoin, regardless of whether I’m bearish
or bullish right now. I do believe in it long term. I think that I have a strong personal
belief that anything that gives people more autonomous control over their lives, such
as finances for one, is, you know, mostly a good thing. And probably going to get picked
up by the by the mainstream is just a matter of time. We do see all of the traditional
venues starting to build up infrastructure, we see CME is not only offering futures, but
now talking about options, which I’m elated about, because that’s where I come from. And
then, of course, we also see, you know, ETFs being talked about. Bakkt just went live.
So these institutions, and I’m sure Peter would agree with this, being a trader himself,
these institutions, they’re not wasting their time just putting up all this stuff. They’re
not trying to, you know, just go through the rigmarole for it, you know, for the sake of
it. It means that they likely see that there’s at least something there. And I do believe
that adds on to the validity of this space as a whole. And I would, you know, if I had
to give an answer – $100,000. Do I know when that’s going to happen? Hell, no. You know,
we could be talking in 5, 10, 20 years out. I think a lot of people are maybe a little
bit more on too much on the optimistic side for the bulls. Then again, you know, it doesn’t
go to zero. Well, this is still an experiment, right? We don’t know, I mean, you know, there’s
legitimate concerns with that technology, absolutely. I mean, what happens if quantum
computing becomes a legitimate thing? You know, what if it becomes a widespread thing,
well, that would be an issue. You know, it’s that kind of makes the network a little bit
less secure. So there certainly are still roadblocks in the way. But, you know, as a
Bitcoin believer, I suppose I’d say a $100,000. Are you still 50/50, Peter? Are there like
certain factors you’re considering or…? But you have to quantify that. Because, yes,
it’s 50/50, but you have to look at risk reward. I mean, Bitcoin at $8,000 is a lot closer
to zero than it is to $100,000. For me, what that means is this is a highly asymmetrical
trade. I love asymmetrical trades. Give me asymmetrical trades. I’ve made my living on
asymmetrical trades. And so with an upside potential $92,000 and the downside potential
of $8,000, if I can with basic really simple technical tools such as a moving average,
Wow, it’s a no brainer that I’m going to be biased toward the long side. I’m biased towards
$100,000 simply because it’s a fabulous risk reward trade. So right now, are you guys, given that Bitcoin
is kind of like unsteady right now, are you guys allocating more of your portfolios into
altcoins or…? Where are you putting your portfolios right now? Fiat, baby, fiat. Yeah, I’m holding the dollar shitcoin right
now, unfortunately. My altcoin portfolio is the exact same, whether it’s a bull or bear
market for Bitcoin. It is zero and will unlikely ever change. I think that’s right on. I mean, for me, Bitcoin
is crypto, crypto with Bitcoin. If Bitcoin is not going to be a magnificent long term
play, these altcoins and other macro caps are worthless. And so, yeah, my interest is
in Bitcoin, Bitcoin alone. I look at these altcoins, I think they’re a big distraction. Yeah, agreed. Now, don’t get me wrong, though,
I do think you’d be a little bit naive to believe that every single altcoin is just,
you know, completely worthless. We have thousands of these guys, but at the other day, you know,
maybe a handful are going to be successful, but it’s really going to likely come off the
back of Bitcoin to begin with. Anyways, Bitcoin is like the frontier in a sense. You know,
it has the most history going on right now. And if the Bitcoin doesn’t succeed, it would
greatly diminish the case for anything else, I’d imagine. Thank you, everyone, for watching. This has
been your host, Jackson, with veteran trader Peter Brandt and YouTuber/Streamer/Trader
Erik Crown. Hope you enjoyed the show, and as always, remember to like, subscribe and
hodl. Hey, I’m serious when I said it. It’s rare,
you get all of these, I call them crypto maniacs, they reinvented technical analysis in a way.
The fathers of the technical analysis are rolling in their grave. They’re just making
up the rules as they go, it’s crazy. I look at the charts on Twitter and I go, whoa, this
is a math is the old one. It’s more of what you know, what it says or exponential moving
average man. I mean, they’re so useful. The basic stuff
is really where it’s at. That’s the thing, I started out being a market
maker on the floor of New York Stock Exchange Arca, so my mentor down there who had been
doing this for about 35 years at the time, he was all about EMAs and moving averages,
so that’s kind of how I learned from that. And, you know, and you said it perfectly,
I mean, there’s some very simple strategies that require a lot of patience, but they work.

100 thoughts on “Crypto Duel: Will Bitcoin Ever Hit $100K? | Peter Brandt & Erik Crown

  1. Key moments in the video:
    0:12 – Will Bitcoin end up somewhere in the 6-7k range?
    5:54 – Will Bitcoin continue to chop sideways?
    8:00 – How do you prepare for market drops?
    11:39 – Are we in a bear market? How do we survive?
    13:32 – Is holding a better strategy than trading?
    16:32 – Is Bitcoin going to $100k or is it going to $0?
    19:06 – Where are you allocating your portfolios?
    20:41 – Peter’s & Erik’s thoughts on modern technical analysis.

  2. TLDR[W]; (show notes)
    1.Basics on TA a tried and true..
    2.Anticipate the near term, understanding you may not get it right.
    3. Being a bear, being a bull depends on your personal definitions. Long term MA are safe and get it right.
    4. Validity and security in the space is exemplified by CMEs, BAKT, and CME options (coming). The major market players wouldn't get into the space if they didn't agree this is a long term prospect.
    5. BTC 0$USD versus 100K$USD the risk reward favors the bold. 100K may not be imminent but it IS in the 'cards.'

    Disclaimer: I am a big fan of both of these (IMO) legends.

  3. Im hodling in the negatives 📉😭 it doesn’t feel too good, but I did buy at the peak like a degenerate 🤪😭🚀📈

  4. Like, subscribe and ……. hodle????
    I think that's what the two hosts were laughing about.
    Hodle: what a nonsense!

  5. Model Stock to Flow could bring BTC to a top $109,000 by end of 2020. Conversely, if BTC goes down to say $0.01 I would sell my property and buy every cent. We all know the latter will NOT happen but if it does, I will buy like crazy.

  6. Great channel and thank you for inviting the best gurus out there. My opinion short term, BTC may enter into Elliot Wave 2nd to 3rd leg (longest run to the upside) on 10/03/19. Fib Retracement at $7775 has not been broken from the recent dump and therefore the structure is holding and well supported at FR 0.618. EW 1 and 2 will dip to retest 0.618 prior to the 2 – 3 move, will retest resistance band of 0.50 Fib/$9,300. Premise: EW A, B, and C correction completed, EW 2 and 3 will form an integral part of an unconfirmed inverted Head and right shoulders.to reach my target of $10,920.

  7. It's absurd that two allegedly intelligent people thinks that some of these so-called "altcoins" cannot (or will not) exist if Bitcoin fails. What's the reasoning and where's the logic? Time changes everything. If another coin gets more decentralized, secure and scalable (let's say i.e. IOTA succeed with "Coordicide"), their technology (the "correct" attributes) will be superior to Bitcoin and it will most probably decouple (over time) and run its own course. It's narrow-minded to believe that there cannot be an independent market for some of these other coins. There are a bit of a Bitcoin-maximalism in both of them – Peter more than Crown.

  8. Excellent, both great guests, strange hearing Krown talking TA so slowly.
    Cointelegraph coming out with some of the best Crypto YouTube right now IMHO.

  9. India is going through banking crisis, bank closure and bank Run.
    Nobody seems to be talking about it (I mean in crypto space)

  10. I feel like you guys listened to me, and the others wanting a more experienced trader to debate with Eric and you delivered! Peter is the man, and I would’ve said that whether he agreed with Eric or not.

    I have another idea for you: Have a debate with two experienced traders like these two and make it into a game show-style. Have them make predictions about what Bitcoin will do over the week, whoever is the most accurate gets to come back next week and face someone else.

    That would be amazing if you can get enough people to do it. Sort of like an ongoing tournament. I wouldn’t mind if they don’t want to show their face, maybe get them to use a mask. I know CryptoFace and Crypto Kirby don’t show their faces.

  11. TA is HORSE SHIT.

    When these fsticks say "bitcoin's gonna do what bitcoin's gonna do" that tells you how much these goof balls know. You might as well check your horoscope to see if you should buy or sell bitchcoin. Lol

  12. I'm DCA on the last Thursday of each month due to the CME futures settling the following day and the shorts having the capacity to assure BTC values are as low as possible on that timeline due to the small market cap.

  13. They clearly know like nothing about altcoins..because they don't own them…but alt-coins are gonna shit on bitcoin someday. Bitcoin is outdated by 10 years..20 min to hours to pay for something,,,3-50 dollar fees lol…not user-friendly,,, bitcoin is just not gonna get much better for 10 years and altcoins will take over with their superior tech. 1 min transfers…0,0001 dollar fee lol. – userfriendly! And lightening payment channels will only be used B2B.

  14. I'm happy, that
    Cointelegraph finally found someone with a proven trading history like Mr. Brandt to debate with Eric – It is always a pleasure to watch two people with understanding to the market share their views and analyse it through the prism of their own experience. Good job and valuable content.

  15. Trading is VERY difficult. 98% of all retail traders lose money! If the people selling TA programs were so successful at trading why would they go to all the work to market and spend the money to do so when they could just sit on top of a mountain, trade and make their money. Buy and hold is the only way to make any gains.

  16. Each there own specialty, but they are dead wrong, if bitcoin stays where it is and keeps blocking coins that are actually now already P2P crypto cash, while bitcoin will likely never become it thanks to the dead end that is Lighting work. Crypto currency as a whole will fail.

    – BItcoin needs to solve instantly become double spend proof
    – Bitcoin needs to solve the fee problem $0,01 or lower
    – Bitcoin needs to scale
    – Bitcoin development moving forward needs to be decentralized, not just a few developers how decide where development goes.

    All these questions have gone on answered by bitcoin, but all of them have been answered by Dash, please note Dash does not introduce new problems with its solutions, unlike many other coins, its basically how bitcoin should have evolved.

  17. The developers who work on bitcoin make sure it’s rate of evolution far exceeds any commodity. Bitcoin going to zero is no longer possible. because bitcoin has been seen worldwide as a solution to so many of the problems the banking/debt complex has given us. Do you really think that

  18. This was terrific. Best joint crypto video I’ve seen. Krown and Mr. Brandt straight stylin’ and profilin’ in this one. High level content.

  19. Well I can not say that bat would be a distraction. I do not own ant, but the fundamentals are good, same as btc. There are around 40 other crypto's that fit that description too.

  20. Peter Brand and Eric Krown. Holy shit. Amazing. I'm glad to say I am a disciple of Krown. Moving averages, stochs, RSI, trollinger bands, just to name a few.

    Goddamn bears had their day in the sun with their bullshit fib circles and what not. Pure luck. This time around there wont be any Davinci half and half bullshit TA. The shit coin police have the full on riot gear. Unless bitcoin is in a completely new market phase, and it might be, bull market cycle 1 of 6 is over. 5 to 6 cycles to the top! Or go to zero, and the fib circle cock ring boys can tell us all, "I told you so".

    Personally, I'm not touching BTC until 11k. It pointless to stare at price action all day every day for a non professional trader. If there is one thing people have to master in order to be successful or at least remotely successful is that you must master not only the fundamental of TA but your own emotions. If the BTC chart is representative of human emotion and values, a lot of us are a bunch of highly erratic and emotional unstable people but with a "the future is bright attitude". A lot of us are going to trade ourselves right out the biggest bull market in history because of it.

    Anyway, thanks to Cointelegraph, this is quality content.

  21. Just watched this for the second time, as it's way too short. Should have been 2 hours long 🙂 Please get these guys back on soon. Would love to see more of their conversation!

  22. Thanks for this video. Have been following these guys for years now and I must say they're really big names in this space. Looking forward to the outcome of bitcoin as I stack some satoshi, ripple and Tokoin for the next light.

  23. I have been hearign about that insane predictions for a long time.. it is way too much. There is a fair value for BTC, according to its cost (electricity). I woudl rather keep accumulating promising altcoins (aelf, beatzcoin, grayll, deepbrainchain..) until its bull seasson begins

  24. @Cointelegraph If anyone reads the comments, I’d absolutely love if you got Eric Crown vs. Josh Rager, Daniel from Chart Champions, or Philakone!

  25. Trying to explain Bitcoin and bring him to our side….. an old obsolete man is useless… even if he know the technoledge

  26. A,B C is also possible in Elliott Wave 1.8k, 2.2k is also possible. Let the market come to us 😉. 7.2k, 6.5, 5.4 are support

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