Is Bitcoin About To Break?

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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. The TraderCobb Crypto Show. Talking business in Blockchain. – G’day everybody. Welcome to the TraderCobb
Crypto Podcast Show. I hope you had a cracking weekend. I certainly did. It was a very, very good one indeed. And there’s not much that happened to the markets which is good. I said that I was gonna
take the weekend off and did a little bit
of something Saturday. But since then, really
not very much at all. I just wanna throw a quick shout out to, thank you to everybody in the US, the UK, France, Germany, all
across Europe as well. We’ve been seeing your numbers
increase on the podcast. So thank you for listening and viewing and being involved with what we do. Obviously, you will have heard a lot about the classroom courses
that we’ve got running at the moment throughout
Australia, but don’t worry. Everything we do is online as well. And we’re going to be
continually updating that. Just something else to touch on, there’s a whole range of new
content in the members area. So if you are a member who’s
joined up for bronze or above, then jump in to that members area and have a look because
we’ve access to things that my apprentice has been working on, the trade calculator, how to use certain trading accounts. Lots of bits and pieces like
Terry’s risk management series. There’s a whole range of new content, additional information’s
gonna help you as a trader. So get into members area and if you’re not already a member, well then you know what to do. And do it soon. Because we are gonna
be making some changes and if you can’t do it now, well you won’t be doing it later. So get involved (laughs). All right, guys. Having a look quickly at the top 10 as we kick this Monday off here in wonderful Australia. Of course, a couple of
things to note right now, this is a higher low and this is a higher high and that’s as simple as that. I know it’s not by much and I know that we’ve got
another higher low here potentially because it’s
not the higher high yet, but we have a rejection
of 10,000 many many times. Did we close below here? No. Nope, no close below there either. So, we’re holding our ground. A couple of scenarios to play out. Let’s first look at the weekly. It’s rejected 10,000. It’s holding out. It’s a very ugly chart. The weekly doesn’t tell
me a great deal at all. The two day here. Not a great deal there either. Looking at this one day,
rejection, rejection. It’s not showing me too much on this daily apart from those rejections at 10,000. 10,000 seems to be holding quite well. It’s as I go lower that I
start to get interested. And let me take you from, so let me start with the four hour here. Higher low, higher low. And let’s just throw
in a bit of resistance and see if we can find it there. There is some resistance there. I know it’s a little bit
of [Inaudible] Break there, but higher low higher low
coming up into resistance, and look at where that higher low is off. Yup, below that 10,004. Interesting? No. I mean yes, but surprised? No. We are building here, does
look to me as though we are building into something. I’m going to get rid of that line and see if there has been
significance at the moment. What I am trying to wait for here, the line that I said, if you’re
on the podcast, was 10,531. If you draw a little line
there on the [Inaudible], what we’ve actually got is
two tests of resistance. And a couple of higher lows
as we creep up into there, like a Bitcoin breakout type set up. Now I need to see a third
test, a break above at 10,531, I could certainly spell some
additional bullishness for me, and I would be looking
to trade through that if I can get a set up. Currently Bitcoin is at 10,344 at 1.13%. Now Ethereum is hanging low,
it has had a decent move today sitting at 194.72 at 4.79%,
and it did break here. The level wasn’t quite as [Inaudible], but definitely a nice
little breakout there, has had a fairly stellar
move over the last six or seven hours, sorry,
eight or twelve hours I should say, that’s a
four hour, not a two hour. And, yeah, good recovery. As a matter of fact, much of the top ten has had a very good recovery. Hell of a lot better
than Bitcoin right now. EOS is up 4.14% at $3.70 again, still on a daily down trend,
but a nice push to the upside. Not too much more really brings
the table in that on EOS. Stellar is sitting at
seven cents, up 4.52%, and once again very sideways,
not doing a great deal, a little pop, but nothing more. XRP has had a nice bounce
back to finding some sort of resistance around that 28th bar
that I’ve been talking about for a very long time. We broke down through that, obviously. And right now, we’ve come
back up into that region. Now what that’s going to do now, well, that a question I need to know. The problem I’ve got right
now is that they’re all big candles around that I might
be happy to take a short from that point of view,
looking at the twelve hour and higher, but for right now, it’s just a market that I’m watching. And its at 28 cents up 7.1%. Litecoin is sitting down
at around that $74 mark-up, and speaking about $74
quite a bit back and forth last couple of weeks. It’s sitting back on there again. It’s found support, and
its holding at the moment. It’s $76.89 right now, up 5.62%. And, let’s have a look here. One hour. There’s not really any levels around, I’m just sort of walking
through the lower time-frame, seeing if there’s anything
there of interest to me. And, there is not. On the Bitcoin up at
$317.92, it up 3.59% today, pretty messy chart, not
much to speak of there. Binance, another one that’s
holding around the whole weekend range at $27.91,
at 1.5%, not a great deal going on there on the Binance chart, I’m not too interest at the minute, still looking quite flat. Tron has, despite its
very large recent falls, recovered 4.71% today,
to sit at 1.7 cents. And, realistically, its another
prime candidate in my view for shorting today if we
get the opportunities. Cardano is up 7.21%, the
leader across the entire top ten, at 5 cents, and very strong move
back to the upside there, again it has been in
quite a strong down trend. This daily is not looking fantastic. There is some divergence there, but I’m telling you right
now that it is pretty much in a down trend, but that’s
about it on the daily. So again I’m gonna sit back and relax, watch the markets today. The only market I’m really
interested in, to be honest, on the lower timeframes, like
the mids, is really Bitcoin. If I can get that third run
up into that resistance, then yeah, I might have a stick at that, but for the time being, it’s not there, it’s not ready, it’s time to wait and see what Monday brings us. Don’t forget to get
across the ladies and gentlemen, specially you, all of you, who are in
other parts of the world, get across and check out what we’ve done, log back into the member’s area and enjoy the new content. Guys, have a fantastic day, and for those of you in
Melbourne, Perth, Sydney, sorry, Melbourne, Perth,
Adelaide and Hobart, I look forward to seeing you on the tour. Cheers 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 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.

One thought on “Is Bitcoin About To Break?”

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