How To Spot The Crypto Top: Ultimate TA Guide!! HD
Insider Info in my Socials https://guy.coinbureau.com/socials/ 20% Binance Discount https://guy.coinbureau.com/binance/ “Roller Coaster” Hoody https://store.coinbureau.com/product/bitcoin-roller-black-hoodie/ TOP Crypto TIPS In My Newsletter https://guy.coinbureau.com/signup/ ~~~~~ Essential Videos How To Buy The Dip https://youtu.be/Prkv45GfGUg When To Sell Altcoins https://youtu.be/ZGd6O79_MOc Crypto Cash Out Tips https://youtu.be/alZd-mk-19Q Technical Analysis Tutorial Part 1 https://youtu.be/lW3eWIj3Q04 ~~~~~ - TIMESTAMPS - 0:00 Intro 1:45 What Is The Top? 4:00 What Causes Altcoin Tops? 6:18 What Causes Bitcoin Tops? 9:01 How To Spot The Top 11:27 Local Top Or Long Term Top? 13:03 When To Sell The Top? 15:36 Conclusion ~~~~~ ⛓️ Useful Links ⛓️ ► Bitcoin Stock To Flow: https://www.lookintobitcoin.com/charts/stock-to-flow-model/ ► Bitcoin 4 Year Cycle: https://rektcapital.medium.com/fouryearcycle-a45408cd0372 ► Bitcoin Dominance: https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/ ► Cryptocurrency Market Analysis: https://www.coinbureau.com/education/crypto-technical-analysis/ ► China Bullish On Bitcoin: https://www.cnbc.com/2021/04/19/china-calls-bitcoin-an-investment-alternative-marking-shift-in-tone.html ~~~~~ What Is The Top? In cryptocurrency there are two types of tops– long-term tops and local tops. The long-term top is the highest price a crypto coin or token will reach during in a crypto market cycle Until the long-term tops come, we are almost guaranteed to see hundreds of local tops. As the name suggests, local tops are the highest price a crypto coin will reach in a shorter timeframe What Causes Altcoin Tops? When a cryptocurrency’s price starts to explode, there is usually some news or event that is fueling that price action. An example of such a causal factor is a listing by Binance or Coinbase The key takeaway here is that the effect these kinds of events and announcements have on the price of an altcoin are intense but short lived ️♂What Causes Bitcoin Tops?️♂ To cause a blow off top for Bitcoin, a lot of money is required. As far as I can tell, there are only two places this amount of money can come from: institutions and untapped markets Institutions in the United States have been itching to dip their toes in the crypto game, and the only thing stopping them is the lack of a safe and regulated way of doing so, i.e. an ETF In terms of untapped markets, China comes to mind. It has the second largest economy in the world, and cryptocurrency has technically been banned since 2017 Recently, Chinese officials called Bitcoin a QUOTE ‘investment alternative’ and noted that they are working on regulatory framework to make it possible to invest in cryptocurrencies again How To Spot The Top To spot a local top, the first thing you need to look for is a blow off top. To do this, open up the trading terminal of your favorite cryptoc
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