HELLO STEEMIANS............Oh what is going on ladies and gentlemen
crypto Kirby here your cryptocurrency
expert back with another edition of the
daily livestream what is going on my
friends today I'd like to discuss
Bitcoin and the candle that we did have
late last night there it is ladies and
gentlemen we've been waiting for it
anybody with more than a peanut for a
brain would have known that this big
move was coming if you are subscribed to
this channel there was no reason to get
caught like a deer in the headlights in
fact it was an incredibly prosperous
time and candle here in this market as I
did plan strategize and capitalize on
this market movement I would like to
review my trade and more importantly I
would like to discuss my strategy here
with the current Bitcoin price action
how low will this go or are we looking
to bounce up and potentially be in the
area where Long's could be profitable so
all of this and more on today's stream
guys so you already know the deal if you
like these daily crypto videos and
nightly live streams smack that thumbs
up button click the subscribe tick the
little bell and let's get this crypto
moon the likes ladies and gentlemen moon
them up alright
so we'll begin with our Bitcoin
technical analysis now obviously guys we
did get a break out of the equilibrium
more importantly we did break the the
lower the excuse me he'd be higher low
trajectory getting tongue-tied here now
this was the extension line the trend
line of the higher low trajectory that
we had built all through up this mini
uptrend since the capitulation leg down
from 7400 now obviously guys it's quite
clear that we broke through this line we
wiped out all of the higher low
sentiment there all of the bullish
sentiment on this immediate Run has been
wiped ladies and gentlemen there is
nothing more to say than that
this candle came in we saw extreme
volume this took out all of the
prior progress made on this upward trend
and as I have outlined for you guys here
on the stream every single day this is
what happens as a result of low volume
when the volume is low and inconsistent
it allows for one giant volume spike to
come in here and essentially erase all
of the prior momentum and progress in
the trend it should be no surprise to
you guys if you are subscribed here I
was prepared for either direction if
this was to break but the factors that
we saw here guys double top rejection
followed by a lower high followed by
another lower high into a tightening
triangle range here that we saw really
squeezing to the tip yesterday and it
needed to break of course guys shout out
to my VIPs I did post my trade that I
took yesterday I had laddered shorts
there at 64 35 63 85 and 62 99 as you
could see there that was what I posted
prior to the dump yesterday and we can
all see how that played out there the
timing was was rather fantastic to be
honest this was where I charted that it
was on the coin based chart and what
wound up happening with this trade for
me guys as I did get in all of my shorts
through that price area there I will
outline it for you guys here I shorted
all throughout this range and what I
wound up doing is taking a profit down
here in this area and the reason for
that is that what happens on a
capitulation guys is that when there is
a massive volume spike like what we saw
there right what tends to happen is that
the trend gets exhausted the sellers can
get exhausted we jumped in on the
four-hour
timeframe to extremely oversold RSI
conditions even the MACD really looks
overextended at this point that it could
be due for a curl to the upside so what
I did was I went up getting in my short
at 64 35 right guys now that is quite a
large
when we did dump down all the way to 60
30 very very large move there especially
with leverage again shout out to my VIPs
I keep you guys updated in real-time
with every single trade I make what a
night what a night there was no reason
to be going erect city ladies and
gentlemen with average Joe and dreams at
the water cooler only pop coin Patrick
got rekt in this market last night
ladies and gentlemen
savages rejoice this was an incredibly
prosperous prosperous trade here and for
those that may be missed it for those
that maybe got wrecked you must be aware
that this is only the beginning this is
not anywhere near the end of the
volatility that I believe is coming in
this market and what I'm saying by that
is if we zoom out here let's go to the
one day chart if we do take a zoom out
here we've broke that higher low
trajectory we are now flush back into
the lower channel and I believe
ultimately ladies and gentlemen that
this area is going to get extremely more
volatile than it has in the past why you
may ask is because now I see this green
line here I'll draw some you see this
line here this is a parabolic extension
line that I have had drawn on my chart
for months ladies and gentlemen stemming
back all the way to March 2017 and this
is really where the parabolic action
started to pick up for Bitcoin I have
this trend line extended all the way out
to where we are now in October 2018 we
are now flirting with the parabolic
extension here we've broken the higher
low trajectory trendline and now we are
potentially looking to break the
parabolic extension line
sheesh ladies and gentlemen if we drop
below this line you best believe that
the volatility is going to pick up
momentum here it's time to put that
battle helmet on it's time to get
serious if you have been missing out on
these plays
or you've been getting rekt taking that
walk down liquidation Boulevard with ETF
Eric and pop coin Patrick you must be
aware that this is only going to
continue to get more and more aggressive
for those that are diligent for those
that are ready to get this crypto this
trend is going to get extremely
potentially profitable over and over and
over again I do not see the volatility
loosening up at any point here in the
immediate future in fact I see it
getting more and more aggressive as this
trend rolls along and of course like I
said I am trading this market extremely
extremely aggressively like yesterday I
was prepared on the way down with my
shorts later'd from 6435 down the 60 to
99
that was my aggressive short play if we
did break up to the upside of course I
did post my strategy for my VIPs as well
for what I was looking to do to the
upside if you fail to plan then your
plan is to fail let me say that again
guys that really burns in your brain if
you fail to plan then your plan is to
fail and failure is not an option in
this market right now if you have been
failing in this market there's something
intrinsically wrong with your strategy
and it's time to bring your game up to
the next level because there is no
reason right now that we cannot be
identifying the trends here based off
the technical analysis playing this
market like a fiddle and getting this
savage crypto ladies and gentlemen if
you are just tuning in now don't forget
to moon up the likes moon them up smash
those thumbs click the subscribe button
take the little bell let's get this
crypto Satoshi needed a new pair of
shoes and he got him last night ladies
and gentlemen the finger of Satoshi
clicked the magic button and rained the
red candle of doom down upon this market
what we saw though what we saw is that
the confidence here with this uptrend
has been has been shattered in my
opinion it's been shattered
and this is also spilling over guys from
the S&P 500 continuing to take a savage
decline today potentially looking
tomorrow even if not tomorrow
potentially by sometime next week to
test my low target of the prior support
at 2700 this is a huge drop in the US
stock market coming from highs of 2943
this is definitely having an effect on
the market here ladies and gentlemen
yesterday I was pointing out that gold
is probably going to catch a bid if the
stock market continues to decline here
we are ladies and gentlemen an engulfing
bullish candle on the daily timeframe
for gold spiking yesterday from 1193 now
today up to 1225
let's get these metals what I see ladies
and gentlemen is that right now there is
a systemic shift going on in these
markets of course Bitcoin and the other
plethora of crypto currencies that are
being traded throughout this market are
nothing more than speculative
technological vehicles if gold is
catching a bid and crypto continues to
dump it's a very it's a paradigm that
not many people want to believe right
many of the crypto faithful the this the
Satoshi saviors right they want to
believe that the stock market crashes
and that crypto goes to the moon
here it is Kirby we're going to the moon
I just don't see it right now ladies and
gentlemen as evident by today's trend I
was getting roasted ladies and gentlemen
last night the trolls I did my stream on
the stock market I said look guys if
crypto is not catching a bid right now
with the stock market dumping I don't
believe that it's going to catch one and
trust me they wanted to roast me Oh
Kirby well it's just too quick Kirby
it's just too quick you you gotta let it
settle in Kirby you gotta let it settle
in really James
really Joe so gold had to wait for it to
settle in gold had to wait for
everything to pan out Kirby I'm just a
realist here ladies and gentlemen
I do not fluff my viewers up with
garbaggio fluff and puff marshmallows
toasting them over a campfire waiting
for the unicorn to float above my head
through the air and satoshi to bring me
up to the moon
I'll let poop coin Patrick howl with his
pack of Krypto wolves at the moon like a
coyote waiting for his time to shine and
then get rekt by the candle of doom that
satoshi rains down upon us there is no
excuse here ladies and gentlemen I do
not understand why right now so many
people are still getting rekt inside
this market patience patience patience
patience is what has paid off here in
this trend you guys know and I'm so
happy for all of you especially shoutout
to my VIPs the patience that was
demanded inside this equilibrium while
we awaited for this breakout to occur
was not something that's very easy for
people that want to trade too much a lot
of of newer traders guys they they over
trade right and they just want to trade
like a video game they get off work they
want to trade they're bored they want to
trade oh maybe I'll watch some TV
tonight or I'll stick in a trade you
know that's the mentality and those type
of people trade when there is no trade
to be had and as it is quite obvious
here on the one-day chart ladies and
gentlemen there was no trade to be had
until this triangle had a nice break out
of the equilibrium and like I said guys
when we see this type of action it makes
up for all of these days here if there's
no trade to
we had in the prior week didn't there's
no train to be made because all the
profit is made in the one flush move
down and that is how full-time traders
savages that play this market like a
spit signed trombone that is how they
get this crypto ladies and gentlemen
this is how the savages are separated
from the amateurs this is how these
markets are crushed on a long-term
consistent basis by those who know how
to play this game shout out to everybody
that has been subscribed to your and
following along with the streams you
would know that this is what we've been
covering here you would know that this
was an area that I know moonboy
Montgomery and his hot l-train homies
got absolutely destroyed so I am giving
you guys all the golf claps this weekend
ladies and gentlemen because this was a
sustained area of equilibrium that wound
up breaking to the downside and patience
paid off because if you did not FOMO in
in a zone that was not sustainable for
trading you wound up taking the
high-probability high-reward low-risk
trade with a break to the downside and
you got this crypto ladies and gentlemen
if you are just tuning in now don't
forget to moon up the likes moon them up
smash those thumbs click the subscribe
button take the little bell let's get
this crypto again guys I do see that
this range right now is going to get
even more volatile volume may pick up
from here it may we have seen a three
day increase now if volume can sustain
like I said again this parabolic
extension is is being flirted with and
if that breaks the Powder Keg may
explode once again and right now guys I
am looking to get even more aggressive
with my trades and I have been
in the past month so shout-out to my
VIPs I will be keeping you updated in
real-time let's get this crypto now over
to some news here guys what we see is
that BitFenix actually right now there's
been some fudge some fear uncertainty
and doubt surrounding the BitFenix
exchange tether a banking problem and
now basically they have a Fiat deposit
problem there is a halt there so they
said that they expect it to resume
within a week but it is just an
interesting thing we got going on here
so the BitFenix exchange obviously that
is what I'm charting here guys I was
trading off of the coin based chart for
my trade yesterday that I outlined for
you guys here that was on the coin based
chart but I do have most of my chart
drawn here on the BitFenix exchange
which along with other tether exchanges
is trading at a slight premium right now
you know basically between 50 and $100
USD higher than some spot fiat exchanges
so I do believe that a lot of this is
off of this FUD that we are experiencing
here between BitFenix and tether we'll
have to see how it shakes out I just
wanted to put it on your guys's radar
that that is what's happening with them
right now so if you see anything there
you know that is what's going on I do
expect that within a week everything
will be back to normal I think a lot of
retail you know social media traders
they love to blow things out of
proportion as it does feed into their
entertainment side of the everything
here right so um guys being said really
where do I think this could go down to
as you know what is the low here that I
could see potentially guys I have this
range outlined for us right down here I
believe that we could be looking to
either bounce off this bottom channel at
6000 flat would not be out of the
ordinary to find a a little bounce here
and potentially create another high or
low maybe getting rejected at the 6400
level that has been a prior support that
could turn into a new resistance
or I believe that we will plunge down
below 6700 and look to find a support
down between fifty eight hundred and
fifty seven hundred but ultimately guys
I wouldn't put it past the Bulls to give
us one last attempt here to either
bounce off this line here create the
next lower high around 6400 or bounce
down into this bottom channel rise up
and create the next higher low at 6400
does not have to happen obviously this
trend will continue to develop and I
will be analyzing it every second of
every day keeping my VIPs updated to the
minute and I will be taking aggressive
positions here there's no reason to be
getting rekt ladies and gentlemen this
is not about surviving a bear market
it's about thriving in this bear market
I've been crushing it many full time
traders that I am in contact with on a
daily basis have been crushing it this
is the most prosperous time in this
market right now and I believe that this
is only just the beginning so guys if
you could one last time moon up the
likes moon them up smash those thumbs
UPVOTE MT POST....
