Bitcoin: Breakdown or Shakeout?

Published on
November 26th, 2019
8 minutes

An Update on Fannie and Freddie: The Road to Recapitalization

Bitcoin: Breakdown or Shakeout?

Trade Ideas ·
Featuring Katie Stockton

Published on: November 26th, 2019 • Duration: 8 minutes

Katie Stockton, founder and managing partner at Fairlead Strategies LLC., sits down with Real Vision's Justine Underhill to make sense of the technical signals emanating from the bitcoin market. Stockton sees the next few weeks as a turning point for the cryptocurrency. Either it will continue to plunge well below its 200-day moving average, or it will reach an oversold condition. In the long-run, Stockton is bullish on bitcoin, but over the next month, she expects it to test a lower support level. Filmed in New York on November 25, 2019 in New York.



  • WB
    William B.
    4 December 2019 @ 04:41
    Did any of you make money on Bitcoin?
    • RR
      Robert R.
      21 January 2020 @ 22:04
      For me Bitcoin was a series of many mistakes, bought my first full bitcoin in 2014 and spent it by 2015, because I love "fancy" internet money. Considering all the mistakes ( and there where many, worst being losing a few thousand $ in a few hours ), I'm still "good" when it comes to how much I've invested in cryptocurrencies and how much I'm currently holding, I've had a good +, ~14000 euroes, that I've invested in crypto-mining at the start of 2018, just to pretty much lose it all, ended up giving Graphics Cards to friends & friends of friends for free just to get rid of them, because they devalued more and more over time + more than half of them burned. To sum it up : - $5000 profit that I've used to have a crazy holiday for 1 week ( I'm more conversative with cash, but I wanted to go crazy, felt like being stupid for real, not trying to be smart & being stupid and trading poorly, it was also the easy money effect I suppose ). - 14000 euro profit, that I've invested in crypto mining that turned into ~ 3 ETH, would've been way better if I didn't exit the market, and just wait. I've had every transaction documented ( and it was VERY HARD to do this, considering how many mistakes I've made ) Jan 23, 2018 €1,662.04 -0.2 BTC Jan 23, 2018 €1,673.60 -0.2 BTC Jan 23, 2018 €1,673.74 -0.2 BTC Jan 23, 2018 €1,673.99 -0.2 BTC Jan 24, 2018 €2,116.08 -0.255 BTC Jan 26, 2018 €8,982.33 -1.005 BTC Jan 26, 2018 €4,767.92 -5.67001711 ETH Feb 1, 2018 -€14,000.00 Mining Farm ETH Hopefully this helps, and anyone reading this will avoid doing this horrible mistake I did, could've had a lot of more money in the bank, if I just exited and not invested in a mining farm directly. Note : I still had a decent holding into crypto at the time I've started taking money out to invest it in the mining farm, this is peanuts money for real investors, but for a hobbyist like me, living in Romania, it's actually a really good amount.
  • DH
    David H.
    5 January 2020 @ 08:16
    You can more than likely forever argue bitcoin was the best investment when the first starting price in March 2010 when it was .003 or in May 2010 almost .01 cent or Oct 2010 .125 or Feb 2011 when it became parity or $1 per coin. Even if the bitcoin falls to $1000 per coin (another 80% lost from today @ $7500) it will be the buy of the century from .003.
  • CT
    Crispim T.
    27 November 2019 @ 18:30
    Look up "Dave the Wave" on Twitter. Dude has stellar BTC analysis, well, at least in the past 12 months. The only move to be certain with BTC is that you need more.
  • EO
    Elena O.
    27 November 2019 @ 01:52
    A beginner in bitcoin space, what dealers sell it? Where can I buy it actually?
    • CT
      Crispim T.
      27 November 2019 @ 18:29
      Go to Coinbase Pro. Legit and regulated exchange. It's very easy. You can buy there and either leave it there or transfer it later to your own hardware wallet (costs about $40, like a Trezor).
  • tc
    thomas c.
    26 November 2019 @ 09:56
    Once again a tech analysis that says we'll see what happens. Nothing definitive. But at least she keeps it clear and simple.
    • ET
      Eugenia T.
      26 November 2019 @ 11:06
      She told you clearly enough what she thought would happen while not making absolute statements. She can't even if she wants to, it's the future. No certainty there no matter what Ichimoku tells you.
    • PD
      Paul D.
      27 November 2019 @ 02:26
      TA is never definitive, that is not the object. It's useful in many case to assign probabilities of certain moves and defining risk/reward.
    • MT
      Mike T.
      27 November 2019 @ 09:53
      Paul D. "TA is never definitive" Agree with you on that point 100%. However you then go onto say "it's useful ..... to assign probabilities.." Hmm?? Is that probability based on subjective analysis OR probability based on mathmatical analysis? My $0.02, TA is 100% subjective and therein lies the issue for me at least with technical analysis. Full disclosure, I have a profound negative bias towards TA.
  • TC
    Thomas C.
    27 November 2019 @ 00:53
    This kind of technical analysis is only useful on the classroom after the fact. It could go to 4K or 10k - big difference. So just for entertainment
    • PD
      Paul D.
      27 November 2019 @ 02:24
      For 99% of people I would agree with that, I do know one Ichi trader who has returned profit every month bar one in BTC for the last few years but it is getting tougher as better traders and pro outfits enter the space. TA works great with BTC during periods of high volume.
  • RM
    Robert M.
    26 November 2019 @ 22:28
    When I read headlines like this in the WSJ, I wonder how useful charts are in a market that can be manipulated by one trader: "Large Bitcoin Player Manipulated Price Sharply Higher, Study Says"
  • AM
    Alastair M.
    26 November 2019 @ 10:13
    class act, more from Katie please