Coinbook Videos

Bitcoin At All Time Highs - Now What? To avoid a bull trap we needed to break the all time high. Next we needed to close above our latest swing high. Finally we need to convince investors and whales that we are in a continuation. The first two are unquestionably fulfilled. The final one is still fuzzy. The weekly close gave us a doji candle at the top of a 100% rise. We now have a $3000 gap between our last swing low and the dip we just finished. I would love to say that we are out of the woods, but I’m a little skeptical. I guess we just wait and see!

Bitcoin Bull Trap? Anatomy of a Bull Trap We are most likely in the middle of a BTC bull trap. We have gone up 90% without a break and only corrected 15%. We are nowhere near our recent support levels of $14k & $12.3k so our drop is not complete. We need this structure so that we CAN break new highs and have the whale’s blessing. Sophisticated investors know that our trend has changed and they are looking for exits. A good move up is exactly that so expect a good sell off once this pump is over. The upswing will likely last over 24 hours and be over by 72 hours. Trading is 95% emotion. You have to convince investors that we are in a continuation even after a strong pullback AND a 90% increase without a break. I’d say that’s a hard order to fill.

Bitcoin Is Not Done Dropping! New traders yesterday were talking about how glad they are that the “DIP” is over… Uh welcome to trading there! I hope you’ve enjoyed your first month haha. Bitcoin will likely drop to $14k before correcting. We might see $15.3k at the most optimistic, $14k as most likely, $12.3k possible, and below that very unlikely. Also, how important is the 50 day sma in trading? It can dictate investor’s opinion on bear vs bullish status. The longer time since we have crossed it, the more important. This also dictates when we exit the green and red zones which are the two biggest decision indicators.

Bitcoin Correction Finally Here! Happy Thanksgiving! BTC has dropped below the fast rise line and our correction is underway. We have a higher than 50% chance of dropping below $14k in the next week or two. This is exactly what we need to get a foothold to actually break our all time high so this is very very good news. Alts like TRON, DGB, BTS, and others are all pulling back and forming the perfect entry. Altseason is about to happen for micro caps. This will be an awesome end of year so Happy Thanksgiving everyone!!

Is Today The Day? BTC ATH?? Trade Setups for LBRY, OKCoin, & ETC! As long as we close above 50% of yesterday’s bitcoin candle, we will probably have a Thanksgiving All Time High! Today we have a higher high than yesterday and a higher low. We also have found support on the candle we formed 5 days ago. It’s a mini bullish formation that will likely lead us to a legendary day later tonight or tomorrow. Get excited!! Also there is a very nice trade setup on Library Credits. LBRY has consolidated and is showing strength. It’s a good looking trade for sure. OKCash is setting up a fantastic entry also which has a great risk/reward. Finally I wanted to explain how ETC is likely to perform in the next week or two. That might take a little patience to overcome the 50 day sma. Great trading is done with patience and preparation. All trades are probabilities. Just know what you want to do if the trade goes the wrong way. When even the best setup can fail, make the right size trades! Keep them...

Chainlink Is Today’s Setup. LINK Might Pull This Off! We have officially created a higher low and our high for today did break our prior swing high. This is a recipe for a reversal. We are still watching for a close above the 50 day sma since if we don’t stay above it soon we’ll have a death cross. Bitcoin is on its second or first highest day in history! What an amazing time to be in crypto! As of recording we are $200 away from touching the all time high! Even though the large cap alts are exploding, the micro caps are still turning. We will see many many opportunities in micros over the next week as the altcoin market heat up across the board. Best of luck in your trading!

XRP Is Insane Right Now! How To Trade Ripple Today! XRP is pretty much vertical right now. There are so many traders looking at it that the FOMO has set in deep. Many traders remember past pumps when Ripple just moved so fast and think this will do the same. My recommendation from a charting education standpoint is to take some profits. There is nothing wrong with enjoying the fruits of a good trade. Bitcoin is cooling off, but not selling off so it’s really blowing my mind how strong that BTC market is. We also talk about what the chart structure for many coins look like. We will likely see good trade entrances all week. We shouted out Ethereum (ETH), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dash, Monero (XMR), Ethereum Classic (ETC), Zcoin (XZC), and Basic Attention Coin (BAT)

Dash and Ethereum Classic Are Reversing! Today we have sooo many alts launching! Many are out of reach since they just went up too much too fast. But there are a few really good trades still on the table. Dash and Ethereum Classic have amazing trade setups that should pay off really well. These are coins that have sold off pretty hard which makes them cheap. But we have good structure finally with a higher low confirmed as well as a high touching our most recent swing high. They both look really amazing right now. We also look at Ripple (XRP), Chainlink (LINK), Horizen (ZEN), & VeChain (VET).

Curve CRV Has A Perfect Trade Entry! Congrats on another 2-year high on Bitcoin! Curve is looking amazing for a trade entry right now. We are touching a resistance point that we established and touched twice. We are now trying to break through which will give us a 71% trade opportunity. The upside is very nice here and we have established support off of the 50 day moving average. It looks really nice for a profitable trade. We also look at Ethereum (ETH), Litecoin (LTC), Decred (DCR), Ripple (XRP), Feathercoin (FTC), Chainlink (LINK), RSR, and Crypto (CRO).

Litecoin!! Reversal Confirmed! LTC looks very bullish today. We have officially confirmed the daily 50 sma as support. This is a huge development in the structure of Litecoin. Now that we have a higher high in the books as well we have a lot of good upside for LTC. Bitcoin is in the rafters, but today’s candle is bullish. We might just touch $20k before our correction. This is getting quite incredible! Best of luck in your trading!

Will Bitcoin Correct today? How to trade bitcoin today BTC is just about to correct. We have high volumes, very high volatility, we’re getting parabolic, we are seeing some whale moves, and we are within 10 percent of our all time high. What do you do with a 99% trade? Do you go all in on it or do you still keep your portfolio in check? Well, even with a 99% chance of a perfect trade, there’s a 1% chance you get rekt. You don’t make a 100% portfolio decision when your trade isn’t 100% because the risk doesn’t match. Every trade needs a plan B and really emotional trading at the tops or bottoms of markets need to be planned well in advance. Then you have to stick with the plan.

What To Expect Leading Up To Bitcoin All Time High! One more day, one more 2 year high! Today we are looking at the likely scenario of coming up on the all time high and what that looked like in the past. Just as BTC gets parabolic, we can expect a serious drop. We are in for at least one breathtaking correction before we break into all time highs. I want everyone to be prepared for it. As our daily candles get larger and larger, the correction gets closer and closer. We are all excited about the prices today, but be very careful in your trading!

Litecoin So Bullish Today! LTC Attempting To Break Out Of The Red Zone! Bitcoin is setting new 2 year highs and alts are melting a little bit. The most obvious exception is Litecoin! What a powerful move we are seeing today! This is a breakout of our inverse head and shoulders pattern we have on the daily. We are also seeing signs of a whale trying to establish a bottom over the past 2 weeks and today we might be selling more retail investors on the idea that LTC is ready to go bullish. We are touching our weekly trendline resistance, but a close above the 50 day moving average is the biggest hurdle that we need to jump right now.

Buying OK Coin and Waves Today! With bitcoin cooling off today and BTC Dominance stabilizing, alts are getting some attention. OK coin and Waves are long trades right now since the coins with the best structure are getting trader’s investment. In the video, we talk about the trends and get a little more advanced on how we can exit the yellow zone either bullish or bearish. Waves is showing strength coming out of the most recent yellow zone. OK coin is a highly volatile micro-cap coin with a lot of potential. We might exit the red zone at end of day today which could set us up for a really nice trade.