Bitcoin BTC BULLISH vs BEARISH Scenario! Proof Of Keys! Cryptocurrency Price + Trading + News 2018

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 today we’re we looking at bitcoins bullish versus
bearish scenario we’re also going to be looking at proof of keys as well as tons
of other news that went on in the cryptocurrency space but guys before we
can start with that if you want to enter a chance to win some free Bitcoin all
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of this video also you guys are interested in making money trading
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and I post every single one of my trades that brought me to a six-figure
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you can copy my exact trades I’ll show you exactly how it works takes 2 to 3
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becomes very very passive we’ve had people make up to a five hundred to a
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sounds interesting to you guys make sure you do go ahead and check that out now
let’s get started with some Bitcoin technical analysis though we do have
both a potential bullish pattern forming however we must also look at the bearish
side so before we get it started with this I do want to say that every time
you do technical analysis there’s two things keeping my number one things
change all the time all the time and that leads into number two which is you
might see a pattern at some point and it might look good but you never want to
jump in too early you want to see patterns complete get the sign that it’s
going to work out and then tray because that’s where you are and you are
entering a trade that has a higher probability of succeeding and you don’t
get caught in those 50/50 positions so you have to adapt all the time with
technical analysis and that’s why people are always looking at charts if it was
so easy you would plug the chart and leave it and that was it but you always
have to constantly look at the charts people spend days people who trade every
hour of every day spend the whole day looking at charge drawing lines finding
patterns resistance looking at supports because
it is very time-consuming so it’s important to always keep in mind what is
happening on the day to day on the hour to hour with Bitcoin and let’s take a
look at the bullish side first I do want to talk about the bullish side because I
believe there is one pattern to look out for that a lot of people are talking
about and that is the inverse head and shoulders so I drew it right here
roughly for you guys we have the left shoulder forming over here that formed
over here we have the head over here and then we have what might be the right
shoulder now this is this is what Tizen is what I was talking about previously
with technical analysis a lot of people will jump in over here right and just
expect it to go up and then it breaks and it go all the way up wherever it may
go which we’re gonna talk about in just a bit and then they’ve got in they got
in early that is a very risky way to trade and although it might work out
sometimes it’s a very very risky way of doing because head shoulders do not work
100% of the time they it’s like any pattern it does not happen a hundred
percent of the time Trading technical analysis is based all off probabilities
so if you want the highest probability you wait till the right shoulders form
you wait for that proof of a breakout and then you enter the trade to write it
up now when a head and shoulders does form what you place as the target what
you do is you take the align now this is very roughly drawn so I’m not gonna do
it for you guys but you guys take the line basically between here and the
bottom you drag it and check where it would be over here and if you do that
with this pattern you will see that it does lead us to roughly 5340 somewhere
around that region this is something a lot of people have been talking about
and although this is a very cool bullish pattern forming again it does not always
play out and first sure for sure right now it’s no in if there’s no indication
that’s going to play out as of right now we still have to complete the right
shoulder we still have to breakout above that and then we can take a look at
what’s going on we did bounce it very very nicely through this region that I
was looking at which is around about the 3600 a dollar support bounced off there
nicely again forming a lot of bars which you guys look Bitcoin is notorious for
forming bard some people call it manipulation some
people just call it price action whatever is you want to call it Bitcoin
does this just way too many times it makes it very very easy to trade if you
know what you are doing if you are trading for the shirt short term so that
is the overall bullish scenario is that it’s possible that we do see higher
higher price action potentially even one huge breakout to the five thousand
dollar range because of this pattern forming now on to the bear side because
obviously we have to cover both sides with technical notes about it’s about
risk management and well as of right now all we’ve done is B is make lower lows
over here right so we’ve just continuously made lower lows and now
looking like even maybe form another lower low over there which is obviously
very very bearish overall we see the volume has died down a ton from when we
had that little bullish rally over here we had a lot more volume now the volume
has died down as well so something to keep in mind overall I do have to say
that my opinion on Bitcoin is still bearish at the moment I do need to see a
confirmed pattern before I can turn bullish and see things playing out but
again this stuff happens so so fast one other thing to keep in mind on the
bullish pattern if we do complete the head and shoulders which would complete
sometime probably within early January then we do have to watch out for the
resistance right here there is a region of resistance built up previously over
here which would have to break above if we do break above that then I do believe
it’s a very very quick shot up to this region of resistance over here now
breaking that’s gonna be very very difficult so if we do see this play out
this is the target I’m looking for if we do manage to break past this region but
there’s still a lot to happen with that just want to update you guys with the
bullish versus the Bears scenarios what could happen what I’m looking at like I
said as of right now we still Vic was in a very uncertain period trying to see
what happens there’s people leaning both ways with their technical analysis we
have to wait and see what happens play a day by day play it hour by hour but play
it smart if we do look at the overall market though it looks like after we had
a pretty decent day not too long ago now we seem to have a leveled off a little
bit trading a little bit sideways seeing something
small price movement some in the green some of the red but overall very small
percent changes we see pivots is up 25.76 percent absolutely insane a mobile
go is up eleven point three percent as well
iOS t so definitely some big movers in the mix but roughly half of the
cryptocurrencies are in the red as well so looks like an even 50/50 split looks
like a sideways day to me some crypto is performing well some kryptos not
performing well revena for example is down Stratus is down rave and coin is
down and so on and so on so again looking like a relatively sideways day
other than a few specific all points now something really cool moving on to the
news side talking about proof of keys and everything that has been going on in
in the last 24 hours or 48 hours because I did not upload yesterday I apologize
for not uploading yesterday’s video I got really really busy and just wasn’t
able to make a video for you guys I do apologize for that but on the bright
side UFC happened and look what’s over there litecoin this guy’s getting
destroyed right next to the litecoin logo we talked about not too long ago
that litecoin was going to be sponsored in oh they were going to be sponsoring
UFC so they were gonna have their local on the canvas and that happened right
there so for those of you guys who are watching the UFC it go down you will
have seen the like Korn logo pretty small thing we’ve seen NASCAR’s as well
with this picture right here showing the NASCAR with dragon chain we’ve seen
these things happen before but for one it never hurts and – I watched the UFC I
don’t watch NASCAR I wash the FCC was pretty cool to see that happen now I’ve
gotten a lot of questions about proof of keys what is proof of keys what’s going
on what’s happening what you know it’s got a lot of questions about what
overall this is and this is something that was made in order to fight against
a big issue that goes on in the financial system and that is the way
that banks make money the way that banks make money when you give them money they
do not hold your money banks loan it out they make money there they might invest
in something they might spend it here and there whatever it is they take your
money they use your money to make more money for them and then sometimes if you
go and ask for your money which is a bank run right the definition of a bank
run is when a large number of people withdraw their money from a bank because
they believe the may the bank may cease to function
in the near future so what that means is a lot of people go in to withdraw their
money and well surprise prize the banks don’t have it why because they were
loaning it out they don’t just keep your mind they’re not just holding your money
the bank is not somewhere where it holds your money the value in your bank
account is simply a number that they put in and then the money that they did
collect from you they invest it and they make it work for them to make them more
money that’s how banks make their money that’s how banks have so much money but
this is something to fight against that in the crypto space so this is fighting
against third parties for example exchanges it’s to see if they do really
just hold your Bitcoin on their exchange and wait for you to withdraw it or if
they do spend it and use it in other way so if a large number of people withdraw
their Bitcoin which is what this is a lot of people withdraw their Bitcoin
that’s gonna happen annually on January the 3rd right this is the proof of key
celebration of the Genesis block a lot of people are gonna go withdraw their
Bitcoin from the third-party exchange that they are using and see if these
exchanges do actually have these Bitcoin that they are holding if they are really
just holding their bitcoins so it’s a way of testing something that happens
you know that has happened previously and it’s a shame but it does happen in
the real banking and financial system this is the crypto way to fight against
to encrypt our currency to make sure that is not happening over here so I
want to ask you guys are you going to take a part in this I know alone you
guys probably know it is I’ve seen other youtubers cover if I’m gonna take a part
of this well I don’t really have much Bitcoin on any exchange it’s already on
wallet it’s already the only Bitcoin I have on exchanges are just for trading
so I don’t know if I’m gonna be withdrawing those because I want to use
those for trading or they’re actively in trades with the trailor group so I don’t
know if I’m gonna be participating this but I do like the overall idea to make
sure things are you know that your Bitcoin are actually there someone asked
you guys are you going to be participating in this in this
celebration on January 3rd the at the first annual January 3rd proof of Kees
event like I said they follow the quote not your keys not your Bitcoin which is
very very true and I have to agree with that 100% so let me know in the comments
right now if you are going to be participating in this event I’m curious
to see what it have what happens in terms of Bitcoin price what happens in
terms of you know volatility in the market what happens if there’s gonna be
a pattern that we can trade against in the future it’s gonna be something very
interesting to see I think a lot of I’m hoping a lot a lot of cool things come
out from this and I’m hoping as well then we get proof that everyone’s
Bitcoin is actually there and we don’t have to worry about what’s happening the
real in not the real but in the banking system in that that’s gonna happen over
here so I’m hoping we don’t run into that issue good news though
January well I guess it depends on who you’re asking Japan’s second largest
bank to launch its own cryptocurrency in March of 2019 now this is going to be a
stable point obviously the big fat is launching stable coins nowadays and this
is the second largest bank in Japan they’re going to be launching in March
2019 so the cool thing is one that’s pretty pretty soon and two it’s going to
prove if this is worthwhile for other banks to do now I know we fight against
Bank you don’t like banks out what that’s what cryptocurrency is all about
but I do like to see the adoption and the fact that if they’re doing this it
must be for an actual reason it must be for a good reason that they see value in
in starting to it and launching their own stable coin so pretty cool thing to
happen over there next up aetherium might be set for a January spike
aetherium something not a lot of people I’ve been talking about because it just
lost a lot of its valuation this year similar to most crypto is the open for
some reason people are pointing out theorem as one of the big losers and
they’re losing hype and that other cryptocurrencies are gerd doing better
than them well now as the Constantinople hard fork approaches some people have
marked that aetherium might be heading for a massive spike now theorem which
recently lost its number one all coin by market captive ripple has developers
hoping that this hard fork scheduled for January will make the transition from
proof of work to proof of stake more efficient and boost aetherium market
value moving into the year in terms of development etherium is lagging behind
while other competitors such as theorem classic Cardinal list and so on several
more are progressing with far more intent now they’re hoping to see
aetherium possibly spike in January which means we could see
cerium overtake XRP as well although if you’re gonna ask me I’m still more
bullish on XRP in the short-term mid-term then I am aetherium but again
we might see we might see aetherium regain its number-2 spot that it fought
a long time to hold off from XRP xfe took it over one time has held it
strongly since then well if you left the market caps right now look at the mark
after aetherium you look at the market for XRP it’s only a 500 it’s like a 500
million difference which is relatively small something we can see change in 24
hours very very easily slowly we’ve seen aetherium climb up while XRP has fallen
more and more so possibly we’re gonna see your thief there and regain the
number-two spot I know a lot of people will be happy to see XRP drop from being
number 2 because a lot of people do not like XRP but again an opportunity for me
to ask you guys what you think so do you think if theorem is going to regain its
number-two spot from XRP do you think it’s going to keep that number 2 spot
from XRP because obviously we could see a battle and then we could see what was
happening previously with everytime XRP came close to theory if there him just
pump higher and it wasn’t able to overtake it we can see the same thing
happen with if etherion pumps up XRP pumps up to keep its number-2 spot as
well some know what you guys think in the comments down below and lastly in
terms of XRP news well the National Bank of Kuwait is going to use ripple for a
new service so again more adoption coming to ripple which is why I am
contrary to a lot of people’s uh you know opinions and a lot of people don’t
don’t like XRP obviously I am still I still believe that as a trader I think
it’s going to do a relatively well in the short to mid-term now anyways let’s
go on and pick a winner from today’s giveaway obviously the video I’ve chosen
to do the giveaway on is this video because they absolutely blew up almost
8100 views you guys are absolutely insane thank you so much for showing me
the support on the video 240 a thumbs up just a ton of support on this it was a
really cool figure to make honestly I really enjoyed making it so I’m gonna
pick a winner from this video let’s see who wins obviously if they do not claim
their giveaway in the next 24 hours I’m gonna be picking another winner from
this video so Jesus Maura Patrick happy hall
smashing those like thank you for smashing those slides congratulations
you have won today’s giveaway so all you have to do to claim it is number one
just comment down below let me know you’re here or send me a message on
Instagram whatever works easier for you give me a let me know that you’re here
and the number to give me your Bitcoin wallet a wallet address otherwise I’m
not able to send a Bitcoin easy enough and guys if they don’t claim it within
the next 24 hours I’m gonna be picking another winner from this video right
here so make sure you guys are smashing that thumbs up button and you are
leaving tons of comments down below to increase your chance of winning the big
point giveaway guys thank you so much for watching I’ll see you guys tomorrow
for another video

39 thoughts on “Bitcoin BTC BULLISH vs BEARISH Scenario! Proof Of Keys! Cryptocurrency Price + Trading + News 2018”

  1. Patrick I finally did it!!!!!! Thank you ;-))) Jesus Mora the Winner. BTC XRP TRX for 2019!
    Cheers and keep informing the community!

    👨🏼‍💻 Brave Browser:
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    **DISCLAIMER**: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.

  3. Banks creating their own crypto kinda scares me. It feels like they might adopt it, take over and box us out.
    Maybe I'm just overthinking it.
    Also if anyone is interested here's a video of Professor Werner explaining banks. A real eye-opener for me.

    Also, don't really care who is number one number two etc. The only thing that matters is the price..

    Also, want to say its very difficult/impossible to predict the bottom but you gotta be in it to win.

    Fortune favours the bold sometimes.

  4. Proof of keys might expose many exchanges, could be a good thing, Happy New Year Pat, looking forward to your new content in 2919.

  5. Do you guys think NCASH Nucleus Vision will make a comeback after all the fud this year?Hopefully we will see a $5 ADA cardano theres alot of progress being made

  6. In just about 12 months, btc has made a drop of over 80% from a peak of $19,800 to less than $4,000 and i wonder how silly those that kept talking of $100,000 and more look now. Seriously, how much more evidence do we need that cryptocurrencies are purely speculative bubbles that are best treated as such and milked at the moment? The only space for investing is in real companies doing actual business with real currency valuation. My forecast for the long term value of bitcoin is 0$, 0€, 0£, 0¥. Don’t get me wrong, i am not a crypto hater infact, i am above average financially but i still have a strategy which i implement with which i make a minimum of $30,000 monthly for a couple of months already. Even though i get assistance from Mr Brady Roberts with trade strategies and signals, i still trade on my own so i don’t have to grant anyone access to my trade account (funds). What i do is seek his opinion on the markets as he is a very seasoned analyst and trader and then i use his signals which are very simple to use in placing trades and in the process, i learn alot from him. You can mail him ([email protected]) if you need his assistance too. A word of caution, never mix emotion with coins if you want to succeed and you have to be brutal as well i.e sell, buy, and trade when you have to following the rules and always seek help if you are not already a master trader and are not making good and consistent profit on your own already

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