Coinbook Videos

Bitcoin Yearly Close! Happy New Year! When BTC closes in a few hours we are going to have the best close we could ask for. We are closing so bullish with our high right near the high. This should set us up for a major run in 2021. We are all watching to see if Decred can break above the 50 week moving average now that the golden cross is in. Theta is surprising all of us with a break to the upside after such a bearish formation. ZIL is looking closer to a bull flag, but we don’t want to sell off too much more or investor confidence will decline. Finally there have been many requests to look at DOT. The move lately is a bull move. I’m a much more patient trader and would wait for a higher low. Right now a whale popped the price up without warning which doesn’t give investors time to set up a base. It could be more volatile than not and is not the type of trade I like to enter. Best of luck in your trading and Happy New Year!!

On The Doorstep of $30,000.00 BTC! After today’s action, the gravestone doji is invalidated. We are still going up! It looks like we will end the year near $30k! We have some very large buyers in the market right now. No one is letting the price go. Alts are taking a beating again, but they are still closer to a consolidation formation than a steep sell off. It’s pretty remarkable to see the bitcoin price where it is! Decred is having its golden cross and DBG is starting to consolidate. There could be a trade there soon!

BTC Gravestone Doji! Watching for Bitcoin Weakness! We’ve almost tripled in this last BTC run and only a few days ago we printed one of the most bearish candles out there - the gravestone doji! How bitcoin acts here will test the strength of buyers in the market. In normal past markets this would be a serious correction candle, BUT bitcoin has surprised us before! We are deep in the green zone so we are looking for weakness - any sign of a retreat. If large corporations are actually buying and buyers are still in control this formation can be invalidated by a close above the wick. In my opinion, we need a break, but bitcoin is very very strong right now so we just have to wait and see.

Bitcoin Breaks Ascending Triangle - Target $28,000! Every chance BTC has to consolidate, it’s just another target on the table for the relentless price of bitcoin. I’m sure everyone at Christmas dinner hates us all for being in Bitcoin, but hey, when you’re right, you’re right haha. The charts are getting steeper, but every chance to pull back, the dips are getting bought up really fast. No one is letting us go back for the time being. Alt markets are getting killed as we follow ETH down. Ethereum is starting a red zone today so we are either consolidating or declining for the foreseeable future. We just need to wait for it to bleed out and find the bottom. LTC looks amazing, DCR is looking strong with a golden cross coming up in the next few days. DGB has had a good day, but it’s a whale move and needs support. Don’t buy in just yet. Theta and ZIL are launching, but we are closing in on time to take profits since they are too vertical. It’s looking pretty wild out there though so stay...

Merry Christmas! Alts Trying To Recover Let’s all say the trader’s mantra: “For every action there is an equal and sometimes opposite overreaction!” Amen? Yesterday was a very strong sell off day. Today is looking a little green, but not enough to show that the market is turning. This is where patience comes into play. Most alts are in a downtrend and will most likely continue even with today’s strength. We are sitting on the sidelines until we see evidence of a turn around. These things take time and we will need a few weeks of trading to get to a consolidation period. Until then relax! Enjoy Christmas and New Year’s with your families! I wish everyone a great Christmas Eve today!

Large Cap Altcoin Capitulation! XRP has put a dent in the basket of large cap alts that are scaring major bagholders of the top 10-20 largest alts. Because of the XRP selloff, large investors into the major alts have capitulated and sold off causing a huge jump in bitcoin dominance today. Microcaps have been fairly untouched by this but the largest coins are getting killed. This is a good thing. The more intense the selling at the bottom of a down trend, the sooner we will find a bottom. I love days like this since when fear is at it’s highest point, that’s when the greatest opportunities are found. We are simply waiting for the bleeding to stop and for markets to flatten out again. Once we start showing signs of support, we’ll buy in with the anticipation of some of the best trades on the market. This will be great!

When Alts Season!? Bitcoin is getting more volatile. $1000 swings in both directions are getting very normal. Alts don’t do well when BTC is volatile so will alts season ever come? Historically alts season lasts about 6 months. We have 6 months good followed by 6 months bad. Most recently we have had 12 months of solid altcoin upside from Sept 2019 to Sept 2020. Now we’ve been pulling back for 3 months. We can still have swings, but our macro indicators show that we have entered a red zone on all micro caps. Exiting the red zone is where we expect alts season to begin. Most of these red zones have lasted 1-2 months so since we have only been in the red zone for 1 week, we should hold off on any major buys until the market becomes more friendly. Just enjoy bitcoin’s moves for now! Best of luck in your trading!

Bitcoin Crazy Strength! Doge Comeback?? LTC Looks Amazing! Amazing show of strength last night as BTC dropped nearly $1900 after breaking support at $23.7k. Normally this is how corrections start. But we still have an enormous amount of buying going on and we just keep climbing. It is mind blowing! Dogecoin is the chart of the day today since we hit our all time low for the 3rd time in history, then exited the red zone, and now we are showing strength above the 50 day sma. Don’t write off this old gem quite yet! We just might see some interesting moves ahead since this coin doesn’t have to move far to double or triple at this point! Litecoin looks amazing since we have exited a declining wedge and have popped above the 200 day sma. We might find support there AND flip resistance at 462k sats. What strengthens this trade is that the 50 day sma is crossing the 100 day sma. This is a huge signal and could keep LTC moving in an upward direction longterm! Should be fun to watch!

How To Trade Crypto: Position Size Something that is almost never talked about when it comes to learning how to trade is how much to trade. Everyone tells you don’t invest more than you can afford to lose, but that’s no advice at all. We don’t invest to lose. If you really want to trade in a way that you don’t lose, you need to start thinking about trading with a rich mindset over a poor mindset. A poor person trades like they are trying to spend every penny on lottery tickets and strike it rich as fast as possible. Stop it. Just stop it. Rich traders conserve capital. How can you adjust after a bad trade when you are completely tapped out? It is recommended that all retail traders only put 2% of their capital at risk on a single trade. I personally never invest more than 1% on a single trade and most often only trade 0.05% on most trades. A 20th of 1%!! Think about that for a minute. How much of your portfolio did you put into your last trade? Was it 50% or 100%? If so you need to ask...

Bitcoin Trading Has Fundamentally Changed BTC charts are doing something that they haven’t in the last 10 years of trading. Bitcoin trading started with very emotional non-financial traders in the market. We finally evolved to the hedge fund whale manipulation markets for the last 5 years. But now things are changing again. The type of bitcoin investor combined with the increase in M1 money supply has changed the way bitcoin is likely to behave in the forseeable future. There’s a case that bitcoin is severely undervalued and groups with money, the likes of which, BTC has never seen before is entering the market. There are signs that these buyers are already here since every dip is bought up and every drop turns into consolidation. We may not have the same market that we are used to and traders need to make adjustments or get left behind. We can see how the market has treated Amazon stock over the past decade to see similarities in trading behavior that bitcoin is starting to show. This...

Another Day Another BTC All Time High! Bitcoin is breaking out hard. We already surpassed yesterday’s target of $23k. Where are we going from here? Well, we are in blue sky territory. We can only let the chart dictate where the top is. A long wick at the top of a daily will be our top and a long wick on the weekly chart will likely start our correction. Alts are getting killed with the exception of a few major large caps. Litecoin is doing amazingly well and we will probably see a lot of upside over the next few weeks. XRP is fighting back hard after a few attempts to sell off. It’s looking like it will have a swing low established and we can start in on some sideways consolidation. This is bullish long term! Decred has held strong and I’m watching to see if it can maintain the 200 day sma. If so, it’s ready to pop. A drop below might be coming though so watch closely!

Bitcoin to $23,000! Way to destroy $20k BTC! On October 8th I made a video saying that we could realistically reach $20k by the end of the year. This was back when bitcoin was trading around $11k and people were just not ready to hear it. The point I was making is that bitcoin is crazy during the final quarter of the year. Historically we have made 80-100% moves in the last few months of the year. Well, I guess this year was no exception! Congrats to everyone holding bitcoin today. Amazingly alts have not had a huge sell off with all of the attention on bitcoin which tells you that we are getting close to having some alts take off. Alt season might be here sooner than you think! The coins that are above their 50 day sma have either done well today or pulled back to the 50, but both cases are still strong. There should be some good alt trades still out there! Keep your eyes out.

Economics of Spark Token FLR From the XRP Airdrop! *Investors Beware* The airdrop of the spark token FLR is underway. Everyone holding XRP will start getting a distribution of tokens over the next 25-36 months. Since there is a lot of demand for these and initially only 15% of the airdrop will be available, there will be high demand and low supply. What will this do to prices? Prices will be very inflated. There will most likely be a big pump at the beginning and everyone will think it’s going up forever. IT WON’T! In fact those could be the best prices to sell at in the history of the token. Even if you truly believe in the project you will want to wait until the supply has entered the market. In 2 years prices should be roughly 3000 sat so anything way above that level will most likely be inflated. Be careful trading this one!

Bitcoin Breakout! Monero on Fire! Bitcoin has closed outside of our channel to the upside so there’s a point for the bullish case. The weekly close is also very bullish. Since we are still overextended, we are trading in a very tight range as traders decide which direction we are going. The move tomorrow outside of today’s candle will likely dictate the direction we take in a decisive way. Monero has built some incredible structure over the past few weeks! We got our higher low and retested our last swing high and broke above it. We did come down and retested the line to establish it as support and now we are off to the races! With a close above the 50 day sma, a retest to establish the 50 as support yesterday, and now trading above the 50 week sma & 200 day sma, XMR is lighting on fire for a solid run. It looks amazing right now.

How To Trade Crypto: Choosing The Right Coin This is the first of a series from Coinbook teaching you how to trade crypto. There are thousands of crypto projects to choose from. Many projects have failed, but almost all have proclaimed to be the next bitcoin. Most of these projects start with a ton of media, noise, and hype but after a big hype cycle they die back into obscurity. This video teaches you how to choose a project to trade. The research involved to pick a winner is outlined below. The idea is to find a coin that is trading within a reasonable range based on the coin supply. Compare other coins with similar coin supply to get a general idea of what range the coin should be trading in. If it’s high, stay away until prices come back to normal. The circulating supply is very important since you can get a sense of how much of the coin supply is still waiting to be dumped on the market. Most coins have a hype cycle at the beginning since the available coin supply is so low and or...

Why Would I Sell The Best Performing Coin Of The Day?? As a trader we want to do what will be the most profitable every time. Making consistent reliable trades is part of that equation. Catching the perfect top or bottom is not. So when the majority is buying and dumping money into a coin that is pumping, I have no problem selling. None. If we exit the trade early with a 3x return and the coin goes on to 10x or 20x, we don’t sit around thinking that we have lost money because we haven’t. That type of thinking impairs judgement and throws us off of our game. We will sell at good profits every time and won’t regret it. This is how you trade.

Evidence of Alt Season? Bitcoin Weakening! There are a few signs that the alts are starting to turn bullish. The market cap of altcoins has finally closed above the bull flag that we have been forming. We are also seeing a declining broadening formation on the weekly BTC dominance chart. The fact that we just rejected off of the top of that formation tells you that over the next weeks and months alts are going to have another run. Many coins are on the verge of breaking out of the red zone and we are watching very closely to see if there is a broad breakout. So far we have a few that have started, but the rest are on the back burner coiling for a jump. I’m betting we start seeing the directional change within the next 2-3 weeks.

Bitcoin’s Current Trading Channel BTC is in a defined price channel even though emotions are high and traders are getting jumpy. So far the channel has not been breached. We need to have a close above or below the channel to confirm a break. The was a lot of support today to pull us back into the channel which is significant so we will likely stay in the channel for longer. If we move outside the channel during the day it doesn’t matter at all - we are looking for a close outside before we have any kind of confirmation. I still think that we will have a bearish outcome though since our non-log scale line was officially broken yesterday. This move means that our best case scenario is consolidation. Brace yourself emotionally for a drop, but don’t necessarily try to trade it since emotions will be high and the drop will likely be short lived. It’s going to be an exciting few weeks leading up to Christmas!

Free Trading Indicator! Red, Yellow, Green Zones Explained! Bitcoin is staying nicely in the price channel even with today’s minor drop. We are now looking to see which side breaks. If we break out the top it’s a bull flag and we’ll likely see a good rise. If we break out the bottom then this latest move to $19k is most likely a bull trap. I have built a trading indicator that shows important trends that cross multiple time frames. You can see the daily 50/100/200 sma’s on the hourly & 4 hour. You can see the weekly’s on the daily chart etc. I also included the zones so you can see when we are in full bear or full bull mode. The links are in the description. Thanks for your comments since this was motivation for today’s video and Free indicator! Best of luck in your trading!

Bitcoin’s New Price Channel! Alts Coiling For A Bull Breakout! Now that we have a few more days near $19k, BTC is showing a new price channel that will help give us price direction. There is now more evidence that we are still in a continuation, but if we stay much longer the actual correction will be brutal! Alts have changed direction from falling to consolidating. This is where we start looking for entry points. Many alts are hugging the 50 day sma on a downswing which is very bullish. As our waves go up and down, a natural upswing after following the 50 down will provide a fantastic entry point for many alts. Once several of these go, more will follow and alts season will be here. Entries are looking good and our patience will soon be rewarded!

NEM Touching 4 Year Resistance! XEM is an old coin with some amazing moves in the past. Lately we have seen some pretty strong surges. If we look at the weekly chart, the first support originated in March of 2017 and became important in Sept of 2018. This is the second time in 2020 that we have touched it. I think that after another retracement, we might break out and get up into some levels that we haven’t seen in years. NEM Coin certainly has my attention!

Hash Ribbon False Signal! **Emergency Update** The hash ribbon indicator is a famous indicator that tracks bitcoin hashrate over time to discover miner capitulation. Right now it is showing a buy signal, but this is a false buy signal. 18% of hashrate went offline in China due to the rainy season ending and bitcoin miners migrate out of the area. The drop had nothing to do with capitulation and everything to do with miners moving. There is no economic driver for miners to shut off machines when bitcoin is at its all time high. The signal to buy at the end of capitulation is false since there was no true capitulation.  

VeChain Looks Amazing! VET Traders Rejoice haha! VeChain has finally found a bottom and now the structure looks very bullish. We had a double bottom at 62 sat, we exited the red zone on Nov 23rd, we had a perfect handoff of resistance and support at 78 sat, we broke the 50 day sma and now confirmed it as support, we confirmed a cup and handle yesterday above the 200 week moving average, and we are ready for blast off. The low target estimate is around 116 sat or a solid ~30% gain. It’s looking pretty awesome! Bitcoin is struggling to keep up the momentum. We are seeing the first signs of the top of this next run and the bull trap will start to be easier to see. Stay patient! Good luck in your trading everyone!

Altcoin Season Very Close! Ethereum Death Cross! ETH is going to have a death cross at end of day today or tomorrow, but the structure of the chart is strong. Don’t get stuck on indicators before seeing the chart for what is really going on. We are on the verge of alt season with a ton of coins ready to explode above the 50 day moving average for the first time in many months. The coins that will likely explode after a close above the 50 day sma are: FIRO(Zcoin), LSK, KMD, PIVX, STEEM, RVN, VRC, BTS, MER, LBC, ARK, NLG, MTL, GRS, NAV, SIB, TUBE, NXS, VIA, ALGO, EDR, GEO, IOTA, & QTUM. Things are looking up! Bitcoin is struggling to keep up the momentum. The pending correction will be here soon enough. The shape of the chart is curving the wrong way. Bull flags and bull pennants, have lower highs without selling off. We are showing the opposite - weaker higher highs which is a sign of loss of momentum and investor confidence. Stay patient! Good luck in your trading everyone!

Hedera Hashgraph (HBAR), How Major Pivot Points Break. Bull Trap Still In Play! Major points of support or resistance don’t break lightly. Yesterday’s video talked about how the monthly close looked a little bit manufactured. We won’t be breaking $20k without a huge effort and a very large candle. The odds of this latest run being a bull trap are increasing since we have backed away without much volume. Buyers are fatigued after our run and we need a chance to reset. There are a lot of problems with bitcoin structurally that would be solved by a correction so we can only hope. The trade setup of the day is Hedera Hashgraph (HBAR). We are starting to consolidate and we also have a higher low in the books. This coin has a lot of interest and will go pretty hard when investors are convinced that we have a bottom.

Bitcoin Update! Steem Backed Dollars?? ETH, DCR, LTC, & STEEM! Volumes are up and BTC is volatile. Sentiment seems to be changing every minute. Just remember, if you’re trading and you’re scared.. STOP TRADING. Don’t get sucked into thinking that you have to be in a trade. Steem Backed Dollars is unhinged right now. Some of these less stable, stable coins could be just the ticket into hedging against a bitcoin drop. It might be worth looking into something like that. I also have updates on Ethereum, Litecoin, Decred, and STEEM. All of those trades are looking pretty good right now.