Bitcoin Falls, Alt’s Rise


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The Trader Cobb Crypto Show.
Talking business in Blockchain.

– Hey everybody, welcome to
the Trader Cobb Crypto Show.
I’m back in the office,
first time in a while.
It’s nice to be back in
this environment, really.
Very fast computer.
Oh, it’s good to be back.
No more having to wait for things.
It all happens instantly and, as much as
there’s not a lot going on in the markets,
I’m pretty pumped to be back
in here ready to attack.
It’s been a good week or so
since I’ve been back in here.
Of course with the Brisbane
course over the weekend,
and me taking some time out up in Noosa.
I’ve really had a good break.
During that break it doesn’t look like
there was all that much that happened,
so I timed it pretty bloody well.
Pretty stoked about that.
By the way, thank you to everyone
who came along in Brisbane,
and if you’re coming to
Melbourne, get your spot.
I think we’ve–
We might actually be full I’m not sure.
Anyway, let us know.
Okay, so Bitcoin’s
sitting at 10,920 today,
down 4.21% talking to the Bitfinex chart.
And look realistically, it
ain’t looking too crash hot.
A couple of things to consider here,
if I look at the daily here,
it didn’t break up through
that bullish candle
in the daily Cradle Zone.
What does it mean?
Not a great deal to be honest.
As we go to zoom out and
have a look at the weekly,
we’re a bit messy on the weekly here.
It’s been a while since
we’ve had a good run.
But, we take ourselves
back to periods of times
such as back in December
of 2015, January 2016.
And also back through July
and in through August of ’16,
and we have had the market
go into sideways periods.
Now if I have to wait a few months
to get a similar sort of run
from that October, sorry, August period,
up to where we were with the 3,320%,
I’m happy to wait a
couple of months for that.
It just makes it sort
of intra-day, oh sorry,
just makes trading a little bit more slow.
And I say slow because you
can trade through this rubbish
if you wish to and you can lose
as much money as you want.
For me, I’ll be sitting
back and waiting for
the best opportunity so you know,
we’re sitting above 10,000 still.
We had a pretty strong
run-up from the 91, 18 lows
and as much as it is now
in a four hour downtrend,
it’s not a good enough trend for me
to be really looking for
trades in at the moment
from my point of view.
Ethereum against the
dollar is $2, sorry, $2.
$210.27,
down 0.63 of a percent, so naturally
the ETH, BTC chart is up about 4%,
or just shy of 4% today.
Again, a pretty ugly looking chart,
the daily is very sideways.
Has been ranging around that
$200 mark for a while now
and not really much to report there.
EOS also looking pretty average
at $4.09, down 1% today.
Bitcoin is the, one of the
main, well the major faller.
Major decline in the top ten.
The rest of the market are
sort of holding its ground,
a lot more buoyant than
Bitcoin at the moment
but EOS again, an ugly chart.
XRP, sorry, XLM 7.4 cents, down 1.69%.
That spike that we see there in Bittrex,
it’s just ugly.
There’s really nothing
much going on though,
I’m just not a fan of it at all.
XRP against the dollar.
Still hanging around,
not breaking that 28.5%,
sorry, 28.5 cent support.
It’s a really horribly,
ugly-looking chart.
As is most of the top ten to be honest.
Has been for a while now.
Apart from Bitcoin and
Ethereum, couple of weeks back,
it’s been a bit of a mess.
Litecoin against the dollar,
again just hanging down low, 85.36.
So $85.36, it’s down to 0.79%.
And again, a very ugly chart.
Bitcoin cash, the absolute star performer
in the top ten today.
It’s up 6.48% at 352.15,
soldiering along quite nicely.
As a matter of fact the trend,
or the chart I should say,
against Bitcoin also doesn’t look too bad.
One of the better trends
out there at the moment.
Although not amazing, it’s a slow grinder.
Binance against old Tether is at $29.50,
it’s down 2.27% today.
And again a very very
confused looking, messy chart.
Tron falls into the same boat.
Although the daily yield’s in
a downturn of lower highs and lower lows,
pulled back beautifully into an old level
of support and resistance.
That old support became
resistance, clearly.
The bottom that I’ve got
is it has been diverged,
it’s across the board.
It’s a pretty average, ugly-looking chart
at the moment, and from my point of view,
it’s really not something
I’m looking to trade.
It’s at two cents point four,
and we’re down 1.37%.
Finally Cardano.
1.32% down, sitting at 5.2 cents as well.
Very ugly looking chart as well.
The only thing are RVSB, USD.
BSV.
USD.
Let’s have a look at that in
the in the bitfinex chart.
What we’ve got is a little
bit of support starting
to come in there, around
138.30, $138.30 right now.
It’s currently not at that level.
Currently, the price that we’ve got
is at 143.95 and it’s just hanging around.
So, you haven’t got that support there
that’s tradable just yet.
But I am keeping an eye on that.
It is in my watch list.
I am stalking that today.
So, guys I’m back.
Things will get back to normal
for the next couple of weeks,
until I head down to Melbourne,
to go back on stage and
run the next two day event.
I can’t wait to see you there.
If you haven’t got your
spot, then get along.
Go and have a look at the webpages
and what not on TraderCobb.com
and have a look at the testimonials
that people have been giving.
These are people that have
done courses with us before,
coming back for a refresher
and absolute beginners.
We’re doing a good job.
I’m very proud of what we’ve put together
and I hope that you get to join us.
If not, jump online, check
out the online courses
and get yourself ready for the next run.
Whether it be higher or
lower, we’ll be there.
Bye for now.
– [Narrator] This show
is proudly sponsored
by TraderCobb.com, the leaders
in checklist-based trading strategy.
Yes, that’s exactly how it sounds.
I’ll teach you a literal checklist
so you can tick off items
and be decisive very quickly.
Get across to TraderCobb.com where
there’s a bunch of free content there
for you to have a look at and, of course,
if you’re interested in
having me come to your city,
click and register for the live events
coming up and filling fast.
Have a great day.
Visit TraderCobb.com now,

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