Bitcoin – Yes It Did Hold $10,000

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Trader Cobb Crypto Show. A very interesting day. Very interesting indeed. I got a short yesterday on Bitcoin. Pretty much just wrapping
up, following through, just short of a 10,000, very similar to what we saw of our 11,000 earlier in the week for
which I was at an event, I didn’t get to short that one. This one was a stop-out, and the interesting thing is, is just how Bitcoin’s moved. Of course, it is now very erratic and it is a pair that I’m
looking to stay away from, just for a little while,
keep an eye on it, and just see what it does next. And what do I do in these
times of erratic behavior? I tend to step out to
the higher time frames to get my direction. So the daily, look it’s pulled back in to just about 9,000, it got very close to my first port of call, of 9,088, right? If I look at the weekly time frame and talk to that for you, we’ve got a bullish candle in the cradle and it has had its pull back. How far has it pulled back, well, let’s just have a look at this right now. It got back 33.83%, look
it’s not the average of 35.25 that we saw way back in 2017, but it’s a substantial pull back and it’s a pull back that looks strong. We may not see anything
lower here on Bitcoin and it wouldn’t surprise me
if we did close like this, break the high and continue to move on breaking the 2019 highs and then on to, potentially, all-time highs in
the coming couple of months. So I’m very interested to
see what it does today, given the fact that that spike
did occur very, very quickly. Bitcoin’s at 10,634, back
above the ten-grand mark, obviously, it’s up 9.83% and a very, very strong day on Bitcoin, there is no doubt about that, and it’s kinda changed
the tone in that one day from this down trend and
putting that weekly now back into a nice bullish candle
there in that cradle zone. So as I say, I am going to
be sitting on the sidelines and watching what goes on. On Ethereum now, well, we’re
up 7.69%, sitting at $227. Ethereum is still very
much in a down trend on this daily time frame
and it does look to me like, we all know that
all the rising tide, what do they say? Lifts all ships or (laughs) I think I’ve got that saying wrong, but if Bitcoin’s to go up, Ethereum’s probably
going to creep with it. It’s definitely not been
performing at the same rate as what Bitcoin has been, but
it has been following along that’s why we see Ethereum Bitcoin chart diving quite heavily. No interest around any
trading opportunities here I’m well and truly staying
out of that right now. EOS is back above $4 at
$4.12, up 7.50% today again, another good day there. Also a good day that it still very much in a strong down trend, again,
I’m happy to sit out of that and just wait and see
what the market does. Still, Illumen is up 10%, a big spike, again it’s shot up and shot
back down at one stage. It’s look like, to the eye, would have been maybe 20% up. It’s up 9.9%, just hanging
in there with Bitcoin at the moment. XRP is playing a game of its own. It’s held that support
at 28 cents, 28.5 cents, and it’s up today, but
only 3.33%, at 32 cents, 32.1 cents, sorry, still is at 8.8, I forgot to mention that. Litecoin, another really
strong day on Litecoin. On the daily chart, we’ve
had two very big days. As a matter of fact, we’ve seen 26% upside in the last two days on Litecoin and it does look, it has
had a strong, strong move and, as far as the weekly goes, let me just pull that up for us. I’ll talk to the weekly. The weekly time frame, it’s pulled back into that cradle zone. It’s gone actually deeper than the cradle but it’s got a big bullish candle. I’m really keen to see how
these weekly candles close and what comes in next week, as far as, do we break the upside there or do we continue to struggle? That’s what’s my interesting, sorry, that is what is of interest
to me at the moment and that’s what I’m sticking with. Bitcoin cash is at $315. Now, there is resistance there at 335, there was a little bit of resistance there and support has broken down through there and we’re reapproaching that level. We’re at 315.75 cents, up 8.17% Binance also, $29.11 it’s up 5.37% not really much going on
there from my point of view, it did have a solid bounce of
$24 flat and we are holding. Tron another big day, so
the last two days look very much the same as the Litecoin, 9% yesterday and today we’re at 13% so we have seen quite
a resurgence in Tron. It’s a pretty average
looking chart if I’m honest. The down trend was really nice. Now we’ve got on this daily a bit of a cluster of nothingness. Sure, there’s lower high and a lower low, but the bigger picture
is that we are kind of in a bit of a consolidation, so another one I’m happy
to just sit back and watch. Cardano of course, another
one that’s been in a very strong down trend, had
a nice resurgence today, up 7% sitting at 5.8
cents one I’m willing more than happily to leave alone. So across the top ten we
have seen some strong gains, Bitcoin’s dominance is
sitting I think 65.8%, very high, one of the highest
if not the highest this year. And from my point of view, as I say, I will repeat myself again, I’m willing to wait now
probably take the weekend out from the markets unless
something does happen that brings me back
and I just wait and see how these weekly candles close, because for me, I believe
that that is the key as we have seen a 33% pull back and if we break the,
well, depending on how the weekly closes, if we break the high of that weekly early next week, then we could see continuation
to further upside, breaking to new 2019 highs. I don’t see there being
as high a probability of a consolidation. Just backed off the fact
that in 2017 each time a weekly did break to the outside, we did see some very strong runs. That being said, this is 2019, so we need to be aware and
ready for all scenarios. Now guys I’m looking forward to meeting those of you who have
already paid to come along for next weekend’s two day course. I’m really, really
excited about it actually, it’s gonna be a big, big weekend. Can’t wait, if you haven’t got your spot we’ve only got a couple left
so get in there, get involved. Brisbane is the one
that follows after that and then Melbourne after that. Spots are filling very, very
fast and I’ll tell ya this, if the market does continue
to bounce like it has at the moment, they’re gonna
fill very, very quickly. So get across to the website. If you are in another part of the world don’t worry about it,
get on and get the online version of the courses right away. We are adding some bits
and pieces in there for your resource center
and when we do come to your city, guess what we’re gonna do? You come along for pretty much nothing, it’s very, very cheap
to come along if you’re already a member so don’t hold back, get involved, have a great weekend, I’ll speak to you again next week guys. Bye for now. This show is proudly
sponsored by the leaders in checklist
based trading strategy. Yes, that’s exactly how it sounds. I’ll teach you a literal
checklist so you can tick off items and be
decisive very quickly. Get across to where there’s a bunch of free content there
for you to have a look at, and of course, if you’re
interested in having me come to your city, click and
register for the live events coming up and filling fast. Have a great day, visit now.

3 thoughts on “Bitcoin – Yes It Did Hold $10,000”

  1. Many were waiting to buy at $3k and below, and the price moved up from $3100 as buyers stepped in prior. Many were waiting for confirmation in the low $6ks and price ripped right through resistance, surprising many as it went to $12k. everybody should buy now and join the gain, for me i advice you multiply the little you have with Pedro's strategy, i was able to make 7bt with 1.5bt in 3 weeks with the same strategy, You can reach him on telegram @pedroalcanter or; WhatsApp +1(785)748-2645

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