After so many request I had to make a new video update here on Bitcoin and also ETH. Decline in the last few days is quite dramatic, with BTC finally hitting our 8k region, but again, its too early to call a reversal with current price structure.
If you like video please support me and give me a thumps up, or leave any question you may have in commentary below.
Thank you and have a good day,
Grega
Komen
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BTC and ETH are moving as expected.. you guys want an update? :D
Komen
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As long as U stocks are falling do not expect crypto to bottom. There is a tight correlation between these markets. I see btc in potential fifth wave, but there is room to hit the lowest side of support area. Check video above to know what is the price I have in mind.
Komen
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MAKE SURE YOU DON'T MISS OUR LATEST VIDEO ANALYSIS ABOUT BTCUSD!
Can you please update your wave count as a lot happened shortly after your video and I’m curious of your thoughts. As always, thank you for the great analysis and the time you take to provide it!
Some fundamentals to complement your excellent TA.
I do follow news and we have SEC and CFTC hearing on the 6th of February. Issues to be discussed: Bitfinex, Tether, CBOE and CME BTC Futures regulations and ICO mania. Expectation = mostly negative news. Impact on price = BTC 5-6k test and ETH 500-550 test (could go lower if BTC falls that much).
This is my personal view and I respect everyone's here. I have been wrong before, but mostly not over the past few weeks.
Also, something is not right the way South Korean exchange prices have gone below western crypto prices.
G20 summit is in March. Almost every G20 country (including EU, France, Germany, UK, Israel) is against cryptos in general. USA wants to regulate it. China has banned it.
BTCBanker1
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@doctorkesh, Japan loves it. Sooner or later the rest of the world will realize they need to embrace new tech rather than ban it. The ECB isn’t too negative on Bitcoin either. They have taken a hands off stance. I do think prices head lower but I will not be surprised if they bottom and head higher again.
Trade4fun
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@doctorkesh, Just add to you comment...a friend of mine informed that in Australia gov. seized crypto accounts. Another friend from Europe wanted to open crypto account and was turned down as that many banks in Europe ( not all) will not process or receive payments from cryto exchanges. Everywhere you look, the gov. is closing the doors on the crypto market. Imagine you made a Million$ or euros and you can touch the funds, bcz the bank will not accept the transfer. Something to think about.
UnknownUnicorn995432
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@Trade4fun, I am going to be honest I am not aware of anything like this yet. However, all major banks and credit card companies have banned crypto purchase using credit cards since Friday.
Thanks :)
rahul3832
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@ew-forecast great technical analysis as always, i have even subscribed to your weekly crypto report. Any update on this analysis ?
As the market has shifted dramatically in the last 24 hours and the trend now seems to be bullish, although i think it will the correction is not over yet. Hope to see a followup analysis soon.
Thanks
cankarako
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Thank you very much man. What you are doing is amazing. I just got out of university and started working. I invest with the small amount of money that I earn. until now, you placed peace in to my mind as you understand how markets work and react accordingly. I believe a lot of people here did as well. You help people gain their financial freedom. Small people like me. Keep up with what you are doing, I will always follow you. Wish you the best wealth and happiness in life