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You guys asked for a video on Litecoin so I briefly talk about why Litecoin broke out of it’s channel but Bitcoin is still struggling to do so. We haven’t broken out on daily and that is what matters so we are still very bearish. A bullish candle on the next daily would be what we need to really break out of this, a fully confirmed large bullish candle!
Please watch the previous videos on Bitcoin crash, for the big picture:
#1. Bitcoin Set to Crash to $6k? Has the BTC Bubble Finally Burst? (this prediction already came true!)
#2. BEWARE! Bitcoin Correction is NOT Over Yet!
#3. Bitcoin Crash Update! – Buyers Are Still Weak, WAIT! – Q/A
#4. Bitcoin Still in Bearish Trend? What is next?
#5. What Bitcoin Needs to Turn Bullish & End Correction!
#6. Technical Analysis is BS & Bitcoin Proved That – Bulls in Sway!
#7. Bitcoin Bull Trap is Unfolding – Heading Back to $6k?
#8. Bitcoin Reversal Zones to Break the Bearish Correction and Turn Bullish
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Can Litecoin Surpass Bitcoin, How Litecoin Brokeout but Bitcoin is Still Trapped?.
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Like Simon & Garfunkel, financiers going into the gold market around 2001 have also scored a blockbuster. Considering that then – rather merely – gold has carried out in amazing style. Even in 2008, when fears of a worldwide financial crisis drove essentially every possession class into the ground, gold alone held its relative value, actually rising that year by almost 5%.
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In between 1999 and 2002, England’s reserve bank offered two-thirds of its gold reserves at nearly the specific bottom of what ended up being the end of a 20 year bearishness. The official who misused this part of his country’s financial legacy was later to end up being Fantastic Britain’s Prime Minister – and provide his name to what is known in financial circles as “The Brown Bottom.” A couple of years later on, Canada (also unwisely) followed match, getting rid of nearly its whole Cryptocurrency reserve of gold.
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