Cryptocurrency News – New Years Price Rally, Bitcoin, Ethereum, & More! (Dec. 28th, 2018)



hello everybody and welcome back to cryptos news just needed to get out a video for you guys talk about some of the stuff that is going on and what is going on right now is we're having a bit of a rally in crypto currencies we're seeing some coins up double digits including iota like coin aetherium and AOS and another coin that's done not too bad is Bitcoin up around seven eight percent as it gets back to that four thousand dollar level that is hoping to breach after it broke down below it once we had a little bit of a rally and and it proceeded south recently now we've covered on this channel how it looks like it's creating a kind of inverse head and shoulders which is something that node investor on YouTube made a fantastic video about today he actually explained some numbers to look at different ways to trade this kind of position this kind of pattern so go ahead and check that video out I'll put a link in the description down below but you know this is the time to place your bet right because I've been following this for a while now I know many of you guys have I I'm gonna also later on talk about you know in a separate video this fantastic article that I found from a trader who traded for over ten years on Wall Street and he decided to create a list of tips one of the things that he pointed out however was be very cautious when trading on something that a lot of people have eyes on and this inverse head and shoulders pattern is something that a lot more people have eyes on and you need to keep that in mind I hear more and more people talking about it more and more charts pertaining to it more and more social media posts about it and the thing with these charts is they might just be witchcraft or who do but people trade them because they see them so there is the fact that a lot of people are seeing this pattern now which could easily put like pretend what could happen next really in a positive way so it could mean that it plays out in the way that it's expected because more and more people are gonna be purchasing it in that direction so right now it looks like we're trying to create the second the last part of it actually the last shoulder it's been like a two month process here or no I'm sorry like yeah like 32 day process creating this pattern and so you know now that the shoulder is happening if it in fact breaks into that neckline we could see Bitcoin hit about 4400 to make 4,300 really to 5600 conservatively I mean those look like some good targets to perhaps consider selling I mean you have to ask yourselves when you want to get into this are you gonna get into it like before we get a break out over the neckline and and pass the shoulder and into the actual breakout when you can get more confirmed gains that's what really more professional traders prefer to look at they wait for the breakout which we're not at yet before actually initiating a trade or you get in before that so really it's a you have to consider your own risk and reward scenarios here so obviously if you get an earlier you have the potential to make a lot more but if you get in later then that might be a safer thing to do make sure if you are trading that you have stops in case it drops below a certain level that way you don't get completely burned out if it proceeds lower but it looks like there might be some opportunity here again you have to be cautious if there's a lot of eyes looking at this thing so don't go too crazy until maybe we get a breakout might be a tip to consider or you know do whatever you want to do and and Yolo it out but it's really up to you it would be really exciting to see a break down and break up that is and that might happen around the new year so that would be a good way to start things off everybody has been tax harvesting meaning selling before the end of the year in order to have those losses available to them when they do their taxes for this year and so maybe some of that selling will stop and more people begin to trade into this pattern and it does precede up and gives you opportunities for some gains that's something to consider absolutely something else I wish the shots at who see you guys chat with you guys about a Wall Street Journal I'll put a link later on the description below so you can check that out too they put out a report they talked about how you know we're not seeing too much correlation esterday between stocks and Bitcoin and crypto currencies which you know however they should have been hailed as a savior you know bitcoin savior and a hedge for your traditional stock portfolio but both of them have not performed really well recently especially bitcoin over the last year so now what is correlating really nicely however is gold which has a point 84 correlation to the price of Bitcoin so maybe you know as gold and precious metals are seen as a safe haven when there is less appetite for risk when people are scared of what's gonna happen with stocks they buy gold and precious metal tradition for precious metals that is traditionally that's what they've done maybe with this correlation that we're seeing the same thing will happen for crypto currencies as a way out and that's something that I do believe continues to serve as one of the main functions for Bitcoin and crypto currencies now another part of it is they talked about the VIX which is the Chicago Board Options Exchange so that's a CBOE they have the VIX which is the volatility index and with the volatility index you can see how volatile obviously we're seeing movements go up and down in in traditional equities and that has a point 77 correlation to Bitcoin so that's perhaps something else to follow but of note they noted how the space has become way bigger as of late especially now where we're seeing more institutions begin to get involved more seriously more products that are geared to institutions to attract them and so they talked about notably greyscale investments which is ran by Barry Silbert and you know the digital currency group is involved and they own coin desk and so they have this gbtc it's like their own little personal kind of ETF it allows institutions to purchase Bitcoin and have them cost City and all this and they talked about how they only had about 51 million dollars in assets back in 2013 a while ago and now greyscale is managing well actually last year they managed in 2017 at the peak 3.5 billion dollars so what a freaking leap and now things have become a little they've dropped off a bit to 900 million dollars just south of 1 billion but still quite healthy and life we'll see more institutions begin to have more interest and a healthy appetite for cryptocurrencies at the levels that we're seeing and getting into the opportunity just seems so much better and as well they talked about the amount of venture capital money that is in the space where before it was just like 30-something million dollars maybe thirty one thirty four million dollars back in 2013 and in 2016 that number jumped up quite drastically to about two billion dollars I don't know the exact figures right now it might be actually two billion right I think it's two billion dollars as of right now so that's a lot of money that is being invested into the space to grow these products and hopefully we're gonna get to see some results for that and it just goes to show how far the space has still come in a short amount of time man I was watching a video today that was talking about how overnight shipping works and I was just thinking how crazy the routes we've made logistically so we ought to ship something anywhere in the world within a day using like FedEx DHL or UPS and you know we had just invented the plane early last century and then look how far we've come with hundreds of planes of all type flying everywhere and it goes to show me how quickly technology sneaks up on people and we really don't appreciate the extent of how quick human civilization moves and so I expect cryptocurrencies to follow that same curve of adoption and I think it's gonna be absolutely huge I still think we're really early on really early innings here and it's a great time to be getting involved just some quick news here so we saw that apparently there was a thief in Taiwan this just came out and by their news and reported on it he apparently had been running about 17 different internet cafes and doll shops which were really fronts for using for basically stealing about 3.5 million dollars worth of electricity he hired electrical engineers to route things so that it wouldn't be detected to mine over 17 million dollars worth of crypto and he got caught the gentleman's name was apparently was being titled as yang and he has been arrested in Taiwan this is something interesting I wish to share with you guys I wonder how many people are doing something similar they have an internet cafe whatever and you know they charge up the of the but for the cafes time and they use the electricity that they're able to get commercially and route things to be able to mine kryptos now those dollars of note yeah and the other thing was you might have heard about this already but if you haven't and you're using an electric I liked rum wallet then be cautious many wallets are built on electrum I've used Bitcoin wallets that are an electrum I've used Z classic Z cash wallets that are an electrum electrum is a kind of technology that allows people to connect to nodes so you can basically pick using the light clients you don't have to download a whole blockchain you just pick a node that runs a blockchain for you and you submit a transaction to that node and they do all the processing and so it looks like there was some sort of nefarious individual who ran up multiple servers that these light clients randomly connected to because I say work you don't really pick a node I think you can but really they randomly select a node and what what happened when people randomly connected to these nodes is that a pop-up came up saying you have to download the latest version an update of the electrum wallet and then I pointed them to a phishing site this these people were able to steal over 1 million dollars worth of Bitcoin so really problematic there hopefully we see fixes for this but there aren't really like authorized nodes that are that are sanctioned out there I think there are places that do more authorizing of this kind of thing but the whole idea of decentralization is partly why we have these this random node connection but it does allow the opportunity for people to scam others and so I just wanted to make you aware about that scenario if you weren't hearing about that so anyway we'll see what happens over the next few days if it breaks out or if it breaks the trend of well the pattern that we're seeing right now even though more and more eyes are looking on it always be cautious out there always be careful and stay informed I'll try to do that with you guys thank you for watching take care much love I hope you are having fantastic holidays in a fantastic new year as well if I don't see you and hopefully we kick it off with a little bit of green out here so take care of much love and stay cryptic pigs

42 thoughts on “Cryptocurrency News – New Years Price Rally, Bitcoin, Ethereum, & More! (Dec. 28th, 2018)”

  1. TIMESTAMPS

    00:00 New Years Price Rally
    00:39 Inverse Head and Shoulders?
    04:09 WSJ: "Once a Rebel, Bitcoin Is Conforming to Mainstream Markets"
    08:19 Jailed Taiwan Man Arrested For Stealing Electricity To Mine Bitcoin
    09:21 Electrum Wallet Phishing Hack
    10:51 Conclusion

  2. ;Hello

    There's a windows application for winning and increasing your change on Bitcoin. Worth to try =https://youtu.be/u8U8_enBlGY

  3. Omar, you do know that you can make crypto by shorting right? The people that have been shorting the entire year have multiplied their crypto holdings ten fold, but you never mention it. Stop being a perma bull.

  4. Yang use of re-routing electricity around the meter is creative… this was a good crypto scam but to many people have to be involved with this setup. I suspect he was outed by someone in his inter circle. When you setup shenanigans you need to do it all by yourself if you want a chance of long term success…

  5. Folks. You can't use old technology, charting for a digital product like Crypto. There are no Assets or Liabilities, no P&Ls, no dividends, no PE, etc. You need new technology with multi-dimensional algorithms to help predict peoples sediment because that's what drives rallies. Charts can't predict when someone shorts Bitcoin on the CME and expands the number of issued coins in the process. Futures can triple, quadruple etc the number of coins on issue by issuing paper products in its place. Crypto is not an investment it's a ponzi scheme as Dr Doom would say with the ability to get rich quick. I play it for fun, to test my algorithm, to feel the excitement of arbitrage, to ride the wave. You MUST only be in the market when you're actively viewing it otherwise sit on the sidelines – Don't lose your shirt or bra be smart. Find yourself an exchange with few players so the prices can be manipulated with low exchange fees, 0.1% is the best i've found for $ trades and 0.22% for BTC pairs trading. The WHALES only make 2% on each trade because their fees are low. Trade like a whale, position yourself inside their buys and sell positions to make easy money.

  6. holding your wealth in Bitcoin as avarage joe too complicated and risky doesnt matter what you use. if you lose your btc once.. its gone.. nobody can reverse it… no center you can call.. massive adaption is almost impossible without institutional money in (for now), what i expect in the end of the pump and dump game big companies maybe even goverments will hodl your bitcoin, give us some tokens.. maybe xrp xlm ada ont who knows which one will gain 1000X in future

  7. Happy new year fellow
    millionaires
    🥃🥃Dreaming of quitting my job again. Didn't sell Dec 2017. @OMAR WHAT ARE U GONNA DO IF YOUR A MILLIONAIRE……

  8. Last year, One Bitcoin rose from $997 to $19,000. That's like 19 Times Returns on the BIGGEST & Number One cryptocurrency in the world. At the moment, 1 Bitcoin = $3500+ One of the biggest names in blockchain fînance is predicting a huge, imminent surge for bitcoin. Philip Nunn – CEO of Blackmore Group –believes we could see bitcoin hit $60,000 in year 2019.That would be an enormous 795% leap from where it sits today. This means almost ALL altcoins Under $1 – $20 per coin can go as high as 20 Times – 50 Times Returns. Do you know what that means? It means your N10,000 – N50,000 today can get you between 100 – 150 coins which could do Times 20 to Times 50 for you. This is the reason I advice you go for small altcoins and NOT the biggie bitcoin if your capital is small or you are just starting out. So if you want to dip your hands into crypto BEFORE this potential price leap, i will be sure to guide and assist you with any information you may need to invest in these new and unpopular crypto and digital currencies that are making waves at the moment,lancelotego223(at)gmail. com NOW IS THE TIME TO GET STARTED WITH CRYPTOS.

  9. 1000 Thanks for ALL you do for the community Omar, Janelle & #WallaceTheCryptoDog – Best Wishes for the New Years!

  10. BUY BUY BUY BUY WOW WTF!!!! Buy buy buy buy buy buy buy buy buy!!!$$$$!!!!$$$$!!!!!$$$$$!!!!$$$$$$$$$!what are any of you waiting for .??!!???!!BUYBUYBUYBUY

  11. Hi Omar!
    Can you please interview/Find an expert to educate folks regarding the Glacier protocol in correlation to using a bitcoin full node, and Armory. I use all these, it is very important that people start using the armory for holding bitcoin only. The alt coins w/e you can hold on a ledger, and or Trezor, but bitcoin should never be stored on either of these devices (unless for a very short term period).
    1.) Ledger Nano is not open source huge red flag no one is able to look at the code?
    2.) It auto updates who knows what the heck you are downloading to the device during an update. This can easily get hacked eventually and you would be susceptible to Malware. That may be able to pull the SEED (Private Key) from the device.
    3.)You rely on other unknown/Peoples nodes to verify transactions and you are giving up your privacy and identity linked to your ip/location. Your security/privacy is increased 100 fold if you use a full bitcoin core node with armory to send/receive transactions.This is increased further when also implementing Glacier protocol.
    4.) The Ledger live broadcasts your portfolio this is supposed to be private.If somebody hacks your computer, and opens ledger live they can see your balance/and. Also if they are just snooping it is transparent to them.
    5.) A Few shady individuals i need to get their names are now going to be running the new nano Ledger headquarters in New York. I think a few Wall street degenerates of (ICE) i will get their names very ominous characters. The link is below.
    https://xbt.net/blog/crypto-hardware-wallet-maker-ledger-opens-new-york-office-for-institutional-push/
     All these points/arguments are very valid, and yes i own 2 Nano ledgers however…..I only store alt coins on them (never bitcoin unless it a quick transfer to armory or bitcoin core)
    These devices are very discerning!!!!

  12. It is not rally. It is Bitcoin futures expired on CME.

    https://www.cmegroup.com/trading/equity-index/us-index/bitcoin_product_calendar_futures.html

  13. Great video as always Omar. Glad I bought heavily when the market was at 100 billion. Love your Christmas tree by the way.

  14. Ok Omar, love the channel and usually you don’t get in to TA, for good reason. The pattern forming-is not an inverse H/S! It is far from it, 1- volume pattern is way off. 2- there is no neck line forming on the right shoulder, sorry its way off! I ll site my source, Krown channel just around the 40th minute on todays video shows you why it is not an I-H/S

  15. Most TA strategies are pointing to a likely 5000-5200 and a possible $6k.

    Node is a pattern trader – as is bitraged. Pattern traders, sequential traders (Tone), and indicator traders (me) are all seeing the same thing for different reasons yet the glue is that support zone (5200) and knowledge of volume needed to get us there (which is not much).

    Yes, TA is very often what you call a "self fulfilling prophecy"
    (especially in a bull market).

  16. I so want to buy some eth with my btc don’t normally hold eth but look at that chart 😳. Very dodgy as still in downtrend but I’m very tempted.

  17. Sorry guys for the strange camera behavior- Janelle gifted me a gimbal for Christmas, and we're still trying to figure out how to use it properly…will work on it for the next one. Happy New Year and thanks so much for all the support over this last one <3

  18. Luv ya man…Rallies are always nice…lol… I have heard of former illigal grow ops convert to mining operations as pot legalizing no longer made it profitable, so let's steal hydro for crypto mining.. Thx for another great year Omar and being so dedicated to us your followers!! Your unbiased views and keeping it strictly facts/info is always refreshing. Here's to 2019 and many more years. Looking forward to catching up to you and Elle at Anarchapulco again in Feb….very nice Christmas Tree.. Cheers mate.

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