Bitcoin: Breakdown or Shakeout?

Published on
November 26th, 2019
Duration
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.

Comments

Transcript

  • WB
    William B.
    4 December 2019 @ 04:41
    Did any of you make money on Bitcoin?
  • FS
    Fagundes S.
    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?
    • FS
      Fagundes S.
      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.
    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.
  • CM
    Chris 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
  • tc
    t 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.