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Technical analysis from the live stream of our Bitcoin market evening analysis for August 6, 2018.
For those who are new to this channel, understand that I am not here to give you doom and gloom. You can get that elsewhere. The herd is great at following trends but awful at noticing reversals. I do what I can to provide real reasons why a reversal might happen at one point or another as price moves. This way traders have as much information as possible about the current price action.
Rule 1: Protect your capital.
Rule 2: Increase your capital.
There are no guarantees in trading, only possibilities, so never trade without confirmations. Never trade solely on your opinions (or my opinions for that matter). I’m not here to give you buy and sell signals; I’m here to help you understand how and why price moves like it does. Get your emotions out of trading and ignore the FUD and FOMO.
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I have had requests for a donation address, so here’s a few you can choose from if the mood strikes you. It is certainly not required nor expected, but always appreciated:
1N4TYN5fZSFTMZfa5MZVGzQCgaUuRJc4S9 for Bitcoin
LSeY2M7B7Ng3qNFMaTcEPW6yjH1P96avKD for Litecoin
D8HCgzqxsmbHtMUAq4Xy7ZFeXpmvkBDrZi for Dogecoin
1Dvd1dPwrmXUKbRWTaQ9kFBjyWuzj52jmk for BitcoinCash
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CEO – TexasWest Capital
Managing Partner – Vantage Crypto Assets, LLC
20+ years experience trading (stocks, options, FOREX, crypto)
BIS – Finance/Economics/Philosophy
MS – Applied Psychology (Applied Economic Psychology)
MS – Homeland Security (Governmental Decision making)
JD – Corporate, Tax, and Emerging Technology Law
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Be aware that any information provided in these videos is for educational purposes only and that we are not providing financial advice. We are not licensed financial advisors, so doing so would be in violation of U.S. federal and state laws. Please do not ask for entries and exits for any specific cryptocurrencies.