BTC Testing the $ 6,000 Mark, will this hold? Bitcoin Technical Analysis

Mark will take you through the price targets for the weekend on the Bitcoin chart.

Mark is an active trader and shares his technical analysis of the charts. He is not a professional advisor but shares his knowledge so that you can have a foundation to do your own research and make informed decisions on your investments. Always do your own research and never invest more than you can afford to lose.

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26 replies
    EVENT HORIZON88 says:

    Hey Mark! great show! Bitcoin at this price is a bargain!! yes its better at 5K. this is the time to buy people!! Don't let big hands scare you out of the Bitcoin market!! weak hands will sell…Don't!!! HODL!!!! buy on the dips!!! of course we are in a down market, this trend will reverse…historically Oct 15 is when Bitcoin moves in an up trend…its coming!!!

  2. Amelia Ann
    Amelia Ann says:

    You can use the google chrome extension (Multiple Chart Tracking) to track multiple charts at once. You should compare the candle between the week and candle day to get accurate assessment of the trend

  3. RUwatching
    RUwatching says:

    If people are so pessimistic in this market then why are you investing in it ?????? makes no sense , this will go no where near what these people think and will go up


    why don't you acknowledge that this dumping or downturn as you call it isn't being done by retail investors.. This is flat out manipulation by nefarious actors that are only do this to shake out the weak hands..

  5. jkm
    jkm says:

    lol, so sad to see this ridiculous TA analysis. When you get a dump out like this, it is a ramp and camp situation, meaning that it will trend, then consolidate, then continue the prior trend, UNTIL it does not. the only question is where to get short. then you have to cover part of your position once it hits prior resistence/ break even on your position, then you can ride the trend on down and try to make some real money. rinse and repeat.

    you do not want to buy this until the second time down. Meaning that it should put in the bottom, then go UP, then it will sell off again, but fail to match the low, or perhaps take out the low by a few ticks, but cannot go lower, a failed breakout, that is when you want to buy, but even then it is aggressive. for more conservative players, you want it to move up from there, and use a moving average such as a 50 period or 200 period , and once it retraces back to one of those, after the trend reversal, then you want to enter .

    This is trading 101.


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