Horizontal Triangle + Low Volume = Breakout! | Bitcoin Legal In China

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Bitcoin Technical Analysis & Bitcoin News Today: The Bitcoin price is forming a horizontal triangle and I'll use technical analysis on the Bitcoin price to make a Bitcoin price prediction. It is now legal for merchants to accept Bitcoin in China. Coinbase lays off 15 people, and much more in this video, so learn more by watching the video!

0:43 Horizontal Triangle
3:20 Low Volume & Low Volatility
9:46 China

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Sources:

Bitcoin’s plans for the future from Bitcoin


https://cointelegraph.com/news/bitcoin-shows-new-resilience-as-markets-shake-off-futures-settlement
https://cointelegraph.com/news/bitcoins-low-volatility-signals-bottoming-as-speculation-leaves-bloomberg-analyst-says
https://www.ccn.com/chinas-merchants-are-legally-allowed-to-accept-bitcoin-and-crypto/
https://cointelegraph.com/news/pretty-upset-coinbase-staff-protest-as-company-cuts-at-least-15-jobs-say-sources
https://www.ccn.com/swedens-central-bank-hastens-plans-for-national-digital-currency/

Horizontal Triangle + Low Volume = Breakout! | Bitcoin Legal In China

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28 comments

  1. the whole pattern is a big hangman formation but it also could pull up because of the moving averages of all the coins adjusting to fair market value

  2. The timing of the current crypto situation and the stock markets crashing seems very suspiciously coincidental.

  3. Hi Carl, your daily videos have become a ritual for me everyday around midday here in the UK. Keep up the great work. Looking forward to your “Central Banks” video. Thanks for keeping us all so well informed!

  4. The ETFs are keeping it stable as that is what worries the sec so I believe it’s being kept stable for this very reason

  5. PRICES COULD STOP MOVING!! THEN WE FINALLY COULD START USING CRYPTO.
    I think videos about future price is worthless to make. We hearing the same story 7 months already. Videos should be more focused on adoption not price. price is not important factor.

  6. Hi Carl, I’m Chinese and watching your video every day.I noticed this news, and here’s some points have to be noticed. First, the original news is that, The court held that Bitcoin is not a fiat currency and does not prevent Bitcoin from being protected by law as a property. Before this there were many event like this, and always being protected as property. Second, in recent laws Bitcoin is property rather than currency, and it can not be pay in merchants.
    This article reading to much. And thank you for your video

  7. Hey Carl, think about that:

    When the stockmarket goes down, the Kryptomarket will rise not fall !!!
    No weak people will go out of the risky kryptomarket in sure and safe assets.
    Why? Because nobody who are in kryptos wants safe assets. And never the less every weak hands are out. :-)))

    The big players want to create a new bubble, because they need bubbles like the air to breath. Otherwise they can’t trade so good.
    Sorry for my bad english.

  8. +Smooth Operator lol noob, thats just his personality. Wrong causation. Hes a good trader because of his personality, not because trading made him like that.

  9. Temporary stablensss doesn’t matter , this is not the first time crypto has been this stable, it happens after the end of every bear market ever. Look at the charts

  10. If BITCOIN keep holding the $6400 price tag through the next 5 years… it is a funny image, but is very good. Then the $-value keep its value even though currency normally have inflation – so that image only shows that bitcoin can be boring, but safe – if that image was real 😉

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