Bitcoin (BTC) Remains The Best Performing Cryptocurrency


This is going on snipers Nayeem a little baby here. I hope you’re all enjoying your day today Let’s go ahead and just dive right into our daily cryptocurrency content and analytics for today We’re gonna be talking about Bitcoin being the top-performing Cryptocurrency since January of 2017 if you’re a long-term investor of Bitcoin You must be doing very well and then looking at the Bitcoin technical analysis as well as some headlines today Let’s first dive into the TA here. You can see with Bitcoin We bounced right on top or right a below that exponential moving average Which is depicted here in red showing signs of weakness down at these lower levels So we’re gonna have to watch and see what happens with this our size We never crossed above 40 yet Which means we may now see this our side dip back down to that 30 Possibly double bottoming as we saw previously before seeing any higher highs. So we’re gonna be watching this RSI level right here below 40 and we’re gonna see whether or not we can break that 40 knowing that that is a Neutral zone we want to eventually go above and ideally see this RSI Hopefully even if it drops back in double bottoms go back up here, maybe see a little bit of resistance But then finally break through that 40 and then find support alongside that RSI and that would be the ideal scenario for us to see with this RSI Movement and I think the RSI is the best indicator to watch right now on the daily to determine where bitcoin is headed understand that We still have a little bit of a cushion right now for us to double bottom around 6,000 as we had previously saw a bottom of around those levels, so we pretty much have a gap between 6070 300 for us to go down and then once we see that sell-off will most likely Exhaust the majority of the sellers here on the histogram there for allowing Bitcoin to finally see its Swing high occur to the higher side of this pennant Which doesn’t necessarily mean that’s gonna be the breakout period we can still see a retracement From that known resistance of around 10,000 before seeing any sort of breakout to all-time highs So hopefully that was a good understanding of where we’re currently at with this market a couple headlines I do want to talk about you can see here. Wall Street is losing young talents to the crypto industry so if you guys don’t know consensus recently happened here in New York one of the largest cryptocurrency conferences and from the team from snipers too that were on the ground at Consensus what I got from them was the fact that the majority of the people there were either extreme hardcore cryptocurrency fans, or Wall Street suit-and-tie individuals and professionals and corporate individuals and the cool thing about it is the fact that the majority of the booths there were actually by banks and hedge funds being The fact that they obviously have a lot of capital but also because of their interest in this market and we’re seeing here a lot Of young talent going into the cryptocurrency world rather than just sticking to Wall Street so so to be exciting to see as more jobs occur here within this marketplace and then you can see another headline here one of Our topics in the title of this video Bitcoin remains the best performing cryptocurrency up 700 percent since January 1st 2017 and I wanted to talk about this article because I think there are a couple lessons To be learned in this article you see here It says Bitcoin down 50 percent this year, but still up 700 percent since the first of January 2017 so I want to give some of you perspective because January 1st, 2017 wasn’t that long ago and have you seen this article? It says you early Bitcoin adopters are doing very well. Even if they had had to suffer long bear market periods financial investors always advise diversifying, you know, we actually had a little bit of a debate yesterday in the comments people were like I don’t think that versification is a good thing in this market. Well, guess what? You can even see here It says as an investor You probably need a mix of long term and short term vehicles by knowing the differences between these two categories You should have a good idea of what to expect from your investment. That’s something we’ve talked about snipers do for so long. It’s diversification Allocating your assets properly not betting everything but putting all your eggs in one basket, right? you see it says and this knowledge can help you make those choices that are right for you because Trading is all about choices making the right choices. My mentor taught me this is very early on in trading say name a Trade is a choice that you make you have to initiate the trade before the trade happened So understand that every trader you make is a choice that you’re making All you need to do is make good choices and the mortgage choices you make the more profits you make of thereby Resulting in higher profit levels and for you to succeed in this market. So another headline article here South Korea, officially Recognizes cryptocurrency as an asset with measurable value. That’s another huge feat here in the cryptocurrency world Remember we’re looking for a mass adoption and it’s cool to see a country like South Korea if you don’t know South Korea is one of the most I Would call them the most adapted to cryptocurrencies right now they have tons of retail stores that except with no currencies, but the reason they’re so adaptable to cryptocurrencies is the fact that they have such a prominent gaming community and Because they’re used to digital cash and they’re used to like runescape dollars the League of Legends League of Legend dollars or whatever world of warcraft dollars whatever the currency in those games are they are, you know? They’re comfortable with utilizing cryptocurrencies and digital currencies, which I think that for the majority of the world, especially with some of you Are you know, uh-huh? I guess you can call them laggards right individuals that are not necessarily on the forefront of technology It’s gonna take some time for them to get used to this digital currency this digital revolution But in my opinion it’s something that’s necessary But as we start to kind of shave off the older folks in the world I think the younger crowds will definitely be able to adopt this type of currency knowing that the majority of younger folks are on their IPads and their phones right now, and they’re just so used to utilizing this mobile device on a daily basis So it’s not gonna be too much of a transition Once the whole world is on digital currencies and crypto currencies, which is why I’m extremely bullish about this market I love this market. So another awesome news or announcement here Tron’s Maintenance than ten hours. There’s gonna be a live stream You can see we’ve got over six hundred eighty six people waiting right now and I highly recommend you guys check that out We’ll have the link in the description below but the Tron maenette will be launching soon and it’s only be whether or not Trance price is gonna go up or down during this may net so let’s see what everyone has to say here in the chat IPS says Diversification has kept me in profit through this bear market since January not as much in Profit as I was but no loss. That’s a good thing. That is awesome I love hearing that Dave Hubner says what up, Naeem from Australia I’m at work, but tune in on my phone love the live talk had his awesome, man Get your knowledge on the go if you guys don’t know by the way, we have our discord app And this is a free resource and community. It’s a 24/7 training community available for you guys for free The link is in the description below We also have a premium version of it where we post daily Technical analysis daily trend signals and daily market updates and that could be found under patreon.com slash snipers or under purchase premium in the discord but I highly recommend you guys get on our discord utilize the tools and the free resources that are available there for you and That is for those of you that don’t know about it. But let’s see what Somebody’s is day off today. And this is all I’m doing absolutely I am loving the market right now We’re consolidating right around that 74 7,500 with Bitcoin and in my opinion even if it sees it a little bit more of a drop we still have a little bit of a cushion right now and we Can see that RSI double bottom at 30, that would be the most ideal situation for a Bitcoin before seeing that reversal But here’s the point here understand this each and every one of you watching this video right now Think about this every time Bitcoin has hit under 30 and our site. Look what has happened right every single time we’ve swung back and seen a high we’ve swung back and seen a high right we’ve Swung back and seen a high we’ve swung back and seen a high every single time We’ve swung back and seeing high we’ve swung back and seen high. Well, guess what? It’s only a matter of time before we swing back and see a high so if your positions are down right now if you’re not making profit in this market if this market isn’t You know attractive to you right now. Guess what? It’s your time to make some money. You know, I think over the next few days dollar cost average new position into Bitcoin It’s probably the smartest decision Yes
You might not get it at the all-time low if you want to wait for the all-time low You can give it a little bit of a couple days. But at the end of the day it’s gonna swing back You know, that’s the point of the matter if we were to make this into a song we should probably do it It’s gonna swing back. It’s gonna swing back. You know what I’m saying? Like it’s gonna swing back. So we’re fine Do you guys agree with me or not? Like people panic for no reason they’re like they expect it not to swing back But when has it not swung back? You know what I’m saying. Are you guys with me or not? Aldo says, yes Maximus says swing lower. Lol Dom says, it’s got a swing back baby. Pool. Villota says, yup M’dog has a question. He says please if institution investors buy over-the-counter then how would the prices go up retail investors? Sorry for my lack of knowledge. Well, not everybody does OTC transactions. There’s OTC desks and stuff where you can do OCC transactions Oh my gosh, by the way, my pennant here is not looking good. What the heck is going on here? These resistance levels are kind of off here. Let me fix this pennant BAM. That’s the pennant right there. Oh Man technical analysts You know, we have some I guess you call them Nuances that we have to make sure it’s correct. Somebody says name. I’d like to get you to 1 million Mm a PGX tokens. May I have your my ether wallet deposit address, please? I think your channel is awesome Well, you can message me on Twitter even or Avon at snipers, too And then I’ll send you my my third wallet deposit address You know, why because I understand this market you can send a pause to anyone and nothing can happen, right? You know people to understand this market and we have to educate people about this market people understand wall addresses. I actually Was at a conference and the CEO of this Peruvian exchange said that people were inserting their street address in The box that said wala address when they were depositing and withdrawing coins Some people would buy coins and then put their street address. Can I didn’t know what a wallet address was I said address So then their subconscious said, okay, you’re at my street address, right? So it’s like we have to educate people on how to utilize this technology like you don’t want to ever send your private key But you can send your public key right because your public key is public you can send your deposit and withdrawal address because that some people can send and Receive money through your wallet, right? So people have to be educated about that type of stuff in my opinion. Everybody’s saying lmfao Can I get your private wallet address? Um, I’m fine Maximus I’d rather not somebody says 1000 likes for a swinger Pole. I’m sorry. That’s kind of inappropriate Peter says how is Ooty see working? How does it influence price in the end, you know over the counter transactions are where a buyer and seller will directly Transact Bitcoin with each other pretty much right, but it’s such a scam II markets actually Reliable market, it’s such a weird market that a lot of people don’t necessarily like to do OTC transactions But it definitely affects the market I think that over time you’ll see less and less OTC transactions as regulations and things matures So it’s just part of this early market adoption, right? You have to be Willing to deal with what an early market deals with right, which is everything we’re dealing with right now. So Hopefully that helps out Maximum says ding I try and compass pest control says I work in pest control seasons and cycles and I find interesting Why they call things ecosystems and organic revolving around cryptocurrencies there are patterns Yeah, everything in life has patterns right like Fibonacci retracements Like that’s a pattern like right now I can show you a pattern, right? This is an arithmetic Or an arithmetically validated pattern here, right? It’s called the Fibonacci retracement, right everything follows patterns so like for example for you to take this top right here and go to this bottom you can see how These price levels they correlate with each other right? There are price correlations we can actually go down to this bottom here so that we can see a little bit more of an in-depth view and You can see here like for example Actually, let’s draw the Fibonacci down to this previous resistance BAM so like if we were to drop the Fibonacci rotation, you can see how it respects The math right like we find resistance or support right along that point 2 3 right
We end up finding Resistance at the top of the Fibonacci at the point 5 right as soon as we break through the point 5 we ended up Bouncing all the way on top then seeing resistance at the point 6 1 right? So all of this is data right cool thing here. You dropped below the EMA See this red line here as soon as we drop below this EMA guess what happened prices on it started to crash right? And Same thing that we’re seeing right now. We’re not going above that red AMA line. What does that tell me? Well, it tells me that bitcoins being pushed down right now and it’s not seeing strength of these levels We’re seeing a lack of volume, right? So there are still things in this market that we need to see in order to be confident that we’re going to start heading up but at the end of the day, we still have enough of a cushion to go down to at least at most 6,000 but for seeing this next trend back up or the swing high occur Right because the opportunity lies in these swings right you buy low You sell high you buy low you sell high and that’s really where the opportunity lies So let’s say you put in a hundred dollars right now your dollar cost averaging and that turns into one hundred and fifty in Five or six days well take out your initial investment of $100 and then leave your 50 in there Now you have free coins in the market. It’s called playing house money. So that’s the point here Even says I just smashed the likes button Awesome. Hopefully don’t smash it and break it Don’t break the like button guys Leah Sal says hi name is now a good time to enter a BA or should I wait very discouraged at the moment keep making bad moves in this market well, There’s only so many more bad moves. You can make until we start seeing this whole market start to swing back up So do we got positions what I like about EDA is you can see we’ve broke through that Resistance here and we talked about Cardno being a buy Two or three days ago right before we saw this exponential rub You can see we’ve got this very bullish reversal pattern here as well And in my opinion we’re gonna start forming that cup pattern So I think it is a good time to start dollar-cost averaging into Cardinal Not only that you can see we’re seeing a clear MACD crossover here as well sellers are exhausted I think Cardano is one of the most bullish tarts in this market right now I talked about that to livestreams ago And if you would have followed that you would have been in the positive and in the green right now because guess what? We’re going up and we’re continuing to go up And the reason I say it as you can see volume is increasing with the buyers I like that RSI already broke into the neutral zone MACD starting to cross over everything looks bullish here We’re above the EMA now remember that we talked about Confirming by being above that EMA looking at EMA is pointing up if you guys don’t know how to use it EMA it’s almost like a Predictor of price right? You can see how now it’s pointing up when EMA is pointing up. It’s extremely bullish when it’s pointing down it’s bearish so you can see how we’re starting to curve and point up and that is an indicator of a Reversal you can see this bullish reversal with here. So it’s gonna be interesting to see what happens But in my opinion it’s a good time to get into car nada You can see we formed an initial fractal cup here and we’re gonna form another fractal cup makes a lot of sense here Maxximum says I’m waiting on your call on sis to make a bull run Sys BTC siscon. Yeah, we’re all waiting for Cisco in aren’t we? But give it a little bit of time, you know our size still kind of chillin there along the neutral zone MACD is just kind of chillin. Just give it a little bit of time I think you’ll reverse along with the overall market any other requests here. Do you guys have any coin requests? You guys want to look at any technical analysis here? Somebody says TRX. Somebody says xvg somebody says Theta I’ve never Seen theta somebody says gos theory and says AOS hourglasses thoughts on icon I love icon It’s a project that we called out several days ago and you can see with icon right now for developing satoshi value We had a huge bullish bullish reversal here with a nice amount of volume coming out of nowhere. We bottomed out at 30 So it’s a coin that we’ve been talking about also expect this to start forming that fractal formation as well soon So it’s looking at it looking really good We’re seeing resistance at that EMA If you want a little bit more confirmation with icon then wait for it to go above that EMA to confirm bullish Somebody says yo s let’s do a OS BTC Somebody says ontology What do you think about pip X? Well tons of questions. Can you tell us about 0x you got Daniel on the line mo Dom digi clear 333 chas kalenna Mike, k in the house Daniel in the house breno in the house Somebody says if you hit 400 likes, will you interview by telecommuter and yes, we get 400 likes will interview bite alikum uterine That would be really fun. Imagine that and now that likes care about people like vitality. I like that Somebody said very bullish on icon as well Vishal says hello, sir Farooq says theta is up 40% Alright, let’s do a oh s the u.s. Is doing something quite expected we talked about this EMA starting to converge with that 50-day moving average and it’s looking like we’re entering a Consolidation pair with Tron or iOS you can see we’ve got a descending resistance level here You’ve got this somewhat of a even support level, we don’t necessarily have Descending I wouldn’t call this a descending support level just yet or even an ascending support level I would just call a neutral. This is a descending triangle formation quite bearish however at the same time you have to understand that we saw quite a bit of exuberance with the OS if I were a Trainer I would set up stop losses for EOS right around that 136,000 satoshi range because if it breaks down from that support level it’s most like I’m gonna break down to further those but in my expectation right now, I want us to start performing this cup here this overall cup and that’s what I’m hoping happens right now because if we can form a cup find resistance post main net launch Form that handle and then break out two new highs that would be the most ideal situation for us and that’s what I’m waiting for To be honest, it is in a weird position because the main net launch is coming out soon The market is still bearish about to turn bullish and then it’s sitting right on top of the EMA and the moving average So it’s in a weird position one thing I will tell you is this another way you can play this is Put in positions right now because obviously we’d like you OS we know it’s a great project. We know it’s a bullish project That’s something that I’m long on and it’s something you should be long on in my opinion but at the end of the day we want to be Properly managing our risk. So what we can do is set up stop losses amongst that 50-day moving average here so you’ve got this red line here which represents the 50-day and Knowing that the 50-day in the past is acted as a point in which us saw a huge Amount of buyers come in. I think that knowing that that is a support level we can be confident in setting up trades and dollar-cost averaging right now while it’s above that EMA and Then still above that 50-day and then if it drops below that then that could be our first Indication at which we might expect further lows and that’s when you want to exit your position So I would be careful but understand the end of the day if we continue to form this cup we’re most likely not going to go below that 50-day if you have your stop-loss set that 15 in and you’ll be safe with the EOS
That’s the best way to play this and let’s do that. Same thing for Tron because everybody’s watching Tron Obviously the main that’s coming out soon So we might as well do a Tron analysis and I would say the same exact thing with Tron if you want to start getting Your position into Tron set up your positions, right? But then also set up a stop loss at that 50-day you can see these wicks jumped right on top of that 50s. So it’s an obvious support level, right? And Tron is kind of in that weird situation as well. I’m gonna be honest It’s an uncertain situation because fundamentally and technically there are two opposites right fundamentally You want to buy the hype and sell the news so we’d say we want to sell but then Technically we know we’re gonna see a reversal in this market soon. So that’s bullish right? So these two different Directions are kind of Battling each other we have to be cautious and aware of that So in order to do that I would manage your risk with that 50-day moving average on both of these place and I hope that could help some of you guys That’s my best advice of you guys are trading these coins right now Because remember if we see a sell-off just like we saw with vert right xvg in Anticipation of their launch. We saw this huge sell-off if you would have used that EMA here as an indicator of whether or not you were gonna set up stop losses and you would have been able to save yourself and then sell out before we went under a thousand Satoshi’s but now you can see we’re at 509 Satoshi so you could have saved half your investment if you would have used an Indicator like the EMA for example to know whether or not we’re gonna go bearish or bullish So you can see as soon as we drop below that EMA it was time to get out So hopefully that helps out Paul says TRX is better than sex. I don’t even think about that Maximus has bought TRX at two cents still holding cryptology cybermiles has been pumping quite a bit. Not sure why Peter says name I like how you vary the indicators on different streams. Keep it fresh. Absolutely Case and says, can you go over token mitigation for EOS and TRX would main it around the corner. I would just Research that we posted multiple posts on our discord about how to miter your tow kits properly. But make sure you guys do that Indian says why we need to set up stop-loss and lose our I can just hotter even if it’s going down Yeah, you can do that if you want It depends on what type of position you’re putting in, right? because at the same time you don’t want to hold the bleeding portfolio or a bleeding wallet why bleed out your portfolio if you can Save yourself some income, right? So it’s about preserving money and also gaining capital and gaining profits Kevin interesting comment says I think the most important thing everyone needs to understand is that you cannot truly analyze altcoins aside from Bitcoin because Ultimately control the price of every other coin So what I would say that is always use Bitcoin as your initial indicator entering this market So if you’re entering this market entering this altcoin market be aware of what cycle or where This market is in regards to its cycle and you can do that by looking at Bitcoin So first determine the cycle we’re in and then determine whether or not you want to trade those all coins So before you do tá with all coins do your TA with Bitcoin first as that initial indicator? Potter says true Raphael says I sent two dollars. What are your thoughts on CMT? Let’s do CMT. Thank you for the super chat Raphael will do a cybermiles Analysis here. So I don’t really like the way this chart is going we’re obviously seeing this ascending support line But if we were to remove this and look at this Area here, you can see we’ve been in these overbought levels for quite some time something we recently saw with aetherium Do you guys remember when I predicted aetherium was going to crash? Because all I did was measure the amount of days we were at these overbought levels who he remembers that say I in the chat Remember we talked about aetherium being overbought for 30 days and that Was a red flag because last time we were bought for 30 days, we crashed who remembers that say hi in the chat Somebody says Nobody said I There you go tyrants a tie Julie Franklin said I Danny said I Peter said I Dave said I Nico said I I’m actually gonna give away a book to somebody that said I because that means you guys are paying attention to our live streams on A consistent basis, which I really appreciate. Thank you for that support, Don No, she said a sorry. I was gonna pick Don Bernice, but she said ace and it’s AI Let’s see, here’s somebody that we haven’t picked before Leah sell Mitchell Leah sell Mitchell send me a message on twitter at sniper soon You got a book But we talked about this in our live stream for about three Livestream straight and that was aetherium was at these overbought levels for over or approaching thirty days And the last time we were at these overbought levels for 30 days We crashed the last time we were at these levels before that crash It was the same exact thing about 30 days and we crashed right? About 30 days and then we crashed right so knowing that we crash after about 30 days I don’t like when we’re at over about levels for too long. So if you look at see Mt BTC well, we’ve been overbought for quite a while now right a lot more than 30 days here in this case We’ve been overbought for almost 41 days So in my opinion, there’s only so much more our markets gonna go higher with this type of coin Especially because guess what acted as a hedge against Bitcoin Which means that it was acting inversely to Bitcoin as Bitcoin was dropping it was going up So now that we’re expecting bitcoins swing high, I would say that we’re gonna expect this to swing low So hopefully that helps we might end up for me a cup here This is what I would expect I can see this right here major sell-off a great indicator of a possible reversal So I didn’t expect we’d possibly form a fractal cup here as well. So I would get out of this position right now Also, we’re about to head below that EMA if we had below that a man. It’s a guaranteed drop Ratha said actually stole my ETA to do to your Wit lovely gains awesome. So you sold your theory and when I mentioned that it was most likely gonna drop, that’s great Somebody says 300 licen you pour Lacroix off. Do you guys love when I pour this Lacroix over me, by the way? I haven’t even popped the Lacroix and you want me to pour it on me already? But 300 likes, but how many viewers are we at? 315 we’ll take it I’ll take it 300 likes. We’ll pour this over the top of my head again This time with the jacket on for 300 likes I’ll take you. I’m a man in my world. I’m on my word. I’m sorry It’s not cold this time, so I’d rather do it somebody says What flavor you got this is? Grapefruit I believe David says 200 likes Jockin says by the way the big bye bar on the US history. Was it manipulated? Yo s BTC Whoa, this is how you can check whether something is manipulated now You want to look at these volume levels, right? So you can see right here the this right here is obvious either insider trading institutional money market makers individuals that have large sums of liquidity and cash to put in that was obviously a period in time where they invested into us right because you can see these just Random levels of volume and the way you can determine is just look at the peak Amount of average volume, right? So anything above this level is probably going to indicate institutional buying right here Here here. Now one thing you notice is we haven’t seen institutional buying at these higher levels, right? Is that a cause of concern? Well, it could be but I expect us to see higher volume sometime soon You know, you can also correlate that with this you can see average volume typically Peaks out around this time So this right here could be considered institutional buying right here some of these large by volume candlesticks But this was a bullish time the market so that couldn’t of correlate or possibly could correlate What I do like about us is we’re starting to see this Mack be quite oversold overstretched and right here with this RSI We’re still in the true zone I would say once again with the OS watch that 50-day moving average and set up your stop-loss there just to be safe No matter what Raphael says iOS is my main investment right now crossed fingers for launch of net Absolutely The SL awesome that works you can message me on discord Sanders is good evening. I just arrived welcome. What are we at in terms of life? Do I have to pour this down my 132 Mike’s. All right, thank god, so I guess we have a lazy audience today. I called you all lazy We only have 132 likes with 300 plus viewers. Come on show your love to show your support Marcus says bye Nance listening. His wife data is pumping. Well that explains it Jochum says, thank you Naima. You’re very welcome So any other questions any other concerns before we wrap this baby up anything that we haven’t covered yet any questions lingering in your mind? Let’s see. Whoever has the most logical question. I will answer Tails says my dear God looking Lacroix addicted friend What is your take on silica Cardinal credits fusion and Wan chain? That’s my hope or flow and I’m really worried I wouldn’t be worried. It seems like a good performance. I’d be a little bit cautious with we don’t know 100% what their? Legitimacy is I guess you can say because they haven’t really launched too many MVPs. They don’t have active community But it’s still a speculative project I would say the same thing with fusion but silica card out on one chain our bets I mean those are long-term holds for me too. So I wouldn’t say anything is good with that Although says European banks are starting to crumble. Remember guys these these financial markets are gonna go down in my opinion I mean we’ve seen this happen multiple times in history, right? I mean think about all the crazy stuff you’ve read in your history books, right? Why has anything crazy happened in your present time? Well, guess what? I think this is gonna be one of those times. Is that kind of scary. That’s scare anybody I’m not trying to scare and still any fear, but that’s the truth of the nature right in your history books you know the we read about all these crazy times right like the depression period the Blackout period all these random things and like what about our current time? We’re you know, are we not susceptible that anymore? No, we are susceptible to it I think that’s what we’re seeing right now a digital revolution a digital currency revolution. Where financial markets will be taken down by cryptocurrency in user based markets and Tokenization will take over markets rather than gaining or giving away equity you tokenize things, right? raise funds through tokens Raphael says do you guys agree with me by the way? Yea or nay on the chat? Raphael says yes open it will affect us any ths predicted Will it affect us any ths predicted. I’m not sure what you mean Raphael But I would say that with with Tron and us and their maintenance you soon it’s gonna be kind of hard to determine what’s gonna happen because you know, Like I said fundamentally you want to buy the hype and sell the news so you really want to sell But the same time in a technical sense, we’re very bullish in the next coming weeks because remember we’re expecting a reversal But if you guys are not following us on twitter twitter.com slash snipers to be posted this interesting little picture another day I don’t know who saw it but it was pretty much what happens to the market at every sixth of the month and you can see This picture here that we posted history for those of you following us on Twitter. If not, it’s a sniper’s tube But check this out right here so this right here is What I was referring to and You can see on this photo January 6 reversal to the low February 6 reversal to the high March 6 reversal to the low April 6 reversal to the high May 6 reversal to the low and now we’re expecting June 6 reversal to the high that also coincides with What we talked about with the RSI We have a little bit of room to go with BTC if we see BTC drop a little bit more No big deal. We have about 6000 of a cushion to confirm a triple bottom or even a You know double bottom but I would expect somewhat of a triple bottom to occur before seeing that true reversal to the higher side of the pennant where we can go ahead and Make those gains knowing the RSI is completely oversold I’m expecting this type of pattern Once we double bottom this RSI if that’s the case Then we’re gonna most likely bounce resistance at 40 go above 40 pierce through and then find support at 40 That’s what I’m expecting and waiting for Vincey says you are very fine. Gentlemen, thank you. Thank you. I appreciate that Rafael says I don’t know if you’ve looked into it. It’s a very new coin But from what I was reading said it was very likely to competitor to us and ETH do to ease of use Oh interesting I’ve never looked into I will look into that That’s an interesting coin. Yeah, I mean we hear a lot of that remember there’s tons of ecosystem coins tons of interest infrastructure coins Mohammad Ibrahim says 200 likes for Bitcoin beard. You always say that I’m not doing that for 200 likes For 200 likes. We’ll give away a book. How about that? We’re at 170 So we need 30 more likes we’ll give away a book before we wrap this livestream up. I Will definitely do that Joakim says if MACD is low and our size oversold that if you look at stock RSI, and it’s low But it doesn’t go up African explained. I’m not sure you’re seeing a lot of different things at once Maximus is you think July we’re gonna see a bull market all the way to December I would say all the way to December because Especially with the fact that you can short this mark and leverage and then ETFs coming out soon I would say that it would take a little bit more of a bullish bearish cycle up rather than just a Bullish cycle up the way. We saw it go up to 20,000. I would say it would be a little bit different I’m expecting consolidation My overall thesis is we’re gonna consolidate here right consolidate before seeing the rise and that rise is really gonna come in my opinion from a major announcement from like government institutions about some sort of groundbreaking regulatory advancement in this market and that’s what’s going to instill confidence and then allow this to become a true asset class to hedge your money and in regards to traditional markets and commodities and Equity markets and things like that. This will become its own market, which is the cryptocurrency market Somebody says please go research it absolutely No, I said alright done paying good questions only to be ignored for beard questions. No I’m not ignoring you don’t feel so cynical people are so Self-absorbed. They’re like, he’s ignoring me. I’m not ignoring you. I have hundreds of messages in the chat box Let’s see what your question on is what happens if we break BTC stripper bottom no one wants to talk about it But it’s no good to be prepared or but it’s good to be prepared. That’s a good question well, I would say this if it breaks the truth if it breaks that bottom I Would have a little bit more of a concern in this of this market, right? I would personally I would hold my long term positions just because I’m so confident in them Of course, I would say that You know, we wouldn’t see anything significantly lower than where we’re at right now if we break that triple bottom I think that it wouldn’t be as dramatic as you think it’d be but it would still be a Emotional barrier for people. I just don’t expect that to happen because our size way to oversold for that to happen right now That would mean this RS I would have to pretty much come off the chart down to like these crazy lower levels I just don’t expect that to happen with Bitcoin Remember, there’s unlimited Fiat in the world But there’s a limited amount of Bitcoin in the world. If somebody ever asks you what’s Bitcoin just say that to them Well, I’ll tell you what, I’m not gonna tell you. What bitcoin is But what I will tell you is government can print as much of those US dollars as you want But you can’t make anymore Bitcoin, you know what I’m saying? So we’ve got the leverage here Vince a says seven more likes come on Six, Julie says six likes away from 200 Rumber says in order for us to oaken’s to change when launch happens if we haven’t registered them Do we need to keep them in the – exchange all of them? Remember? I think you can google that I don’t want to give misinformation Because there’s a lot of ways to do it, but we posted a couple different ways on our discord Peter says what is the number of catalyst to bring in volume in your penny’ name? I would say Confidence and regulations. I Think that’s why people are the most hesitant, but we just recently saw Zimbabwe lift their Bitcoin ban. Well, you know we talked about today You know Wall Street jobs, you know pretty much being taken away by cryptocurrency jobs South Korea, officially You can see here officially recognize the script currencies an asset with measurable value So all those things I think need to build up for us to see confidence in regulations So this has got to stop the market manipulating. Well, we see more liquidity that will pretty much even itself out. So Let’s do a book giveaway here. So here’s the book giveaway. I am gonna ask a question to see who was paying attention to our livestream, but The question is going to be this What type of pattern is this forming here? What is this overall pattern in the blue? What is this overall pattern called? Well, you’ve got a descending resistance in ascending support level what is the word that we typically use here on snipers – Better yet. What is the pattern called on our discord because people can just name their own patterns But on our discord if you guys don’t know this is a free resource Available to everyone I highly recommend you guys get on our discord I’ve heard testimonials of people that came into this market had no idea what to do came into our discord and learned Everything they needed to know to trade this market successfully so I highly recommend you guys get on discord There’s also a mobile version so you can do this on To go and then just hop into our trading chat are 24/7 community and we also have a premium version that sends out Daily technical analysis and stuff before you go under education and then you go under actually tools trading patterns We have all of our patterns here and the answer is a pennant. So let’s see you said penn pennant Everybody’s saying somebody says symmetrical triangle reversal triangle bullish pennant ascending wedge Apex i’m just gonna pick whoever said pennant. All right here. Let’s see. David Esteban Castro says pennant You won brother and if you didn’t win just stay tuned we give out a ton of bucks guys. Sorry I can’t just send every single one of you guys books, but you guys are all like Cory right Farook You’re right key sands. You’re right Danny. You’re right Rafael. You’re right. David said that’s me Yes, send me a message on twitter at snipers Tube. Paadam says beat me by one Muhammad said peanut James says pen it All right bars decent. What do you think about John Mackey face predictions? Well, let me ask you guys a question instead. What do you guys think about data Dash’s prediction $50,000 Bitcoin What do you guys think about that? I love the fact that he made that video when he made that money I’m like, that’s a true YouTube influencer. I Was like, I love it I’d rather take data – his opinion than John McAfee. Oh, I can’t believe I just said that John back he’s gonna message me. Hey, dude, I heard on your live stream man Loved it $50,000 Bitcoin from one of the largest youtubers about cryptocurrency. I love it. It makes sense Danny else is very bullish. I love it Peter says yay for positive be so much nicer than the bear trolls. Well, here’s what I’ll end this with You all are part of the cryptocurrency revolution. You must spread the good word of cryptocurrencies. You guys can’t spread fear and doubt Continue to spread the word go to your small businesses in your local areas convince them to start accepting cryptocurrency show them how to use bit pay some of these businesses will even pay you to do this for Them and I highly recommend you guys spread this good word. So thank you guys all for tuning in today’s livestream I think this was an awesome livestream. I hope you all enjoyed it And then we this every single week if you guys enjoy this like the video subscribe to our YouTube channel if you haven’t already We do this every single day. Thank you all so much for tuning in and With that being said, love you all snipers out

11 thoughts on “Bitcoin (BTC) Remains The Best Performing Cryptocurrency”

  1. 🚀 Become a Patron! (24/7 Trading Community) https://www.patreon.com/snipers 🚀

    Bitcoin price volatility is known to be highly significant. It suffers from dramatic short-term price fluctuations conveying downside risk. However, from a long-term perspective, Bitcoin’s price is substantially up since early 2017. Let’s take a look at what that means for the overall cryptocurrency market.

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    Video Timestamps:

    00:01 – Intro

    00:27 – Bitcoin Technical analysis

    02:12 – Article: Wall street is losing young….

    03:00 – Article: Bitcoin Remains….

    04:31 – Article: South Korea Officially….

    06:40 – Discord

    12:05 – Bitcoin Technical Analysis 2

    14:05 – ADA Technical Analysis

    15:35 – Sys Technical Analysis

    16:16 – ICX Technical Analysis

    16:45 – EOS Technical Analysis

    20:00 – Tron Technical Analysis

    21:02 – XVG Technical Analysis

    23:16 – CMT Technical Analysis

    23:33 – ETH Technical Analysis

    25:01 – CMT Technical Analysis 2

    26:52 – EOS Technical Analysis 2

    21:30 – Bitcoin Technical Analysis 3 and Q&A

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  2. You are one of the best out there. You are professional and to the point always. Keep up the great work.

  3. At the end of your video you mentioned small business accepting crypto. I own 3 salons and I would love to know how to do this. You mentioned bitpay. Let me know about this. Thanks!

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