Is A New Bitcoin Rally Forming? Is Bitcoin Headed Lower?



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Bitcoin has began an uptrend just lately, clawing its approach again above $four,000. On this video we’ll focus on whether or not Bitcoin will maintain above $four,000 and proceed transferring upwards, or if a brand new, bearish motion is coming for Bitcoin.

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37 comments

  1. Relief will top out around 5k max and back down to 2.8k

  2. I watch you videos to hear your call on the next price movement, and I think everyone else does too. We know it won't be accurate every single time. Just give a probability, like 60/40 and then hopefully 6 out of 10 of your calls will be accurate in practice.

  3. One more leg down before bullrun after 7 months we all most touched bottom.

  4. Bitcoin sv was propped up and is unwinding from the big fake pump.

    Capitulation didn’t cause real fear and panic and make all the retail investors finally throw in the towel and didn’t feel like capitulation. I’m not convinced. Capitulation is as much emotional as it is technical. Therefore I believe it’s going back down to make a capitulation that really puts the hurt on retail investors. This could be a short term rally (I see 4600 and 5200ish as long targets potentially). Then I think Liam is about right on his target (2800?). Seems like no matter how high it goes folks going to end up calling this a bull trap because trend continuation.

    The current rally is a positive but could merely be shorts covering. As they buy, traders that shorted at lower levels are forced to close and take their losses. What do you think about that theory?

    I agree I’m more bearish than bullish because continuation is typically the greater percentage chance… and I just don’t believe the trend reversal.

    Great video. Enjoy the discussion!!! Keep it up. This is real trading.

  5. I would buy up ETC instead of ETH in my opinion, as I have started to do as of recent. I am cost dollar averaging what I currently hold instead of second guessing price action. Thank you Jebb for your analysis.

  6. A rally is to a correction. In a uptrend you get corrections and in a downtrend you get rallies.

  7. The only thing I want to hear the bears say is "Zzzzzzzzzz……" They shouldn't have made bitcoin the same colour as honey.

  8. Brilliant video. I think near another 50% drop for BTC yet

  9. I so appreciate hearing TA on both the bullish and bearish side so that I can better formulate my own opinion of the current market. Thank you for sharing your expertise.

  10. Good video. If you go to rich wallets you will see some whales that made some major buys over the last 24 hours. I think the market is thin enough that their buying has helped push the market up.

    So whether it swings up or down may depend on whether some of those whales take some profits if BTC rises up near 4500 or higher.

    Because the market is as thin as it is what the whales do maybe has more sway then what TA can show since largely TA is about imminent trends based on market trends remaining consistent within TA frame work.

  11. yeah, once this Deutsche Bank FUD hits things will change real quick, wait the head is coming.

  12. The consensus seems to be that the bottom is not in yet by a long shot. So many people would rather wait to buy significantly lower with less risk, high reward or cautiously trade the small swings in the meantime, than to risk getting rekt going all in now in the hopes that the consensus is wrong and we've already bottomed.

  13. 3k the bottom ben saying that since February

  14. I opened my mouth to say I disliked last video so I'll make sure to say that this video is great!! Love it Jebb ; informative and analysis that is as objective as possible🔥👍 Keep it up!

  15. Great TA and great work. Even if we're not at the bottom, I'll be picking more up in the morning and over the weekend. I would like my average to be around 5k. 4k even better

  16. You lost me when you said 2500-3500 bottom. If we break 2900 we re going below 2500. Come on jebb… 😛

  17. Scored a nice trade on ZEC Coinbase listing. Gonna be playing it more in the days to come.

  18. Blody nex week 2500doller bitcoin bodem 1300doller 1500doller bitcoin

  19. You rise the price on Thursday? But it's still Cyber Monday week!!! 😛

  20. And obviously, love the name 🙂

  21. I see a rising wedge on the smaller time frames. Breakout above target 4600-5000 below will be 3000 maybe 2600

  22. As for the lower price action on the top 10 I’m starting to wonder if it’s about to rearrange itself with top 20. Who knows now days with this crazy volatility

  23. hey u got a new microphone?! sounding sweet man! i like it! I'm 5x Long @ 4200 entry now. i think we go higher :). That 6400 to 3800 drop can't be done without corrections.

  24. FYI people it took bitcoin about 410 days to reach its bottom in 2014, right now it's been 348 days since we were at 20k. Just saying, we are near the end of this, it still might be a whole more year before we even get above 6 or 7k but we will see more upward movement than downward movement soon.

  25. Please, I’m not here to hear your oppinion on going bullish or bearish. I feel every video should be about showing both possibilities!
    This is (and should not be) an exception.
    You are showing both sides and everybody should learn both sides.
    So keep up the good work!
    I would love more nuteral videos!

  26. GREAT Video Jeb 🙂 Good work! <3

  27. Hi Jebb. I was re-evaluating the BTC permanent bottom contenders and think that 3600 USDT is most likely the bottom. Hear me out. Bitfinex and Binance have much higher trading volume than Coinbase and Bitstamp and they therefor lead the market because price differences between these 4 exchanges get gobbled up by arbitrage. So USDT on Bitfinex is the best chart to use for TA.
    Using volume profile, 3600 is towards the bottom end of a high volume cluster with the high volume node being at around 4300 USDT. Furtherly, in August and September 2017, 3600 acted as strong support for 4 weeks, clearly visible on the weekly chart with only wicks extending lower than 3600.
    It seems very likely to me that if we break down through 3600, we are heading to 3000 (previous support and resistance) or 2750 (a high volume node). In conclusion, its most likely that 3600 usdt was the bottom. Second choice is 1 day to 3000 and then straight back up to over 3600. third choice is we go to 2750 and then linger there for a while (week) for accumulation.

  28. Bitcoin is going to $2500 80%.Guys huge sell off are coming in December.However,by the last week of January 2019.Bitcoin will recover and will reach all time high.It’s according to the secret source

  29. When you speak of long term why not show your viewers the long term trend and the whole picture of the last year? Maybe than it becomes clear they are only loosing money and this will not change. Be realistic the big Gold Rush of last year is really over and the only thing that is left is only Fools Gold . Lost thousand dollars overall this year and then say but today I have won a buck! that is not an analist.