Bitcoin BREAKOUT Coming! Cryptocurrency Taxes News! (BTC Technical Analysis + Trading 2019)

what’s going on guys Patrick here
bringing you a brand new video today we got another killer video for you guys
full of information today we’re gonna be going over some Bitcoin technical
analysis we’re also we talking about new all-time highs
Justin Sun as well as tons of other news that went on in the cryptocurrency space
but guys before you start with that if you guys are used to making money
trading crypto currencies make sure you check out the first link in the
description or the first thing in the comment for the crypto currency trade
alert group I post every single one of the trade that brought me to a
six-figure portfolio in the group so that if you’re a complete beginner if
you don’t have time to technical analysis or you don’t know how to do
technical analysis you can copy my exact trade it takes two or three minutes to
set up and after that profit to take it automatically for you so it becomes very
very passive we have all three trades we have never trades that we have the
smartest community and all of crypto currencies full of people ready to
answer any single question that you have at any time of the day and we also have
trades posted by myself and our experts at all times of the day so no matter
what time zone you’re in you always have several high quality trades that you can
jump in and start making profits right away but enough about that let’s jump
into some technical analysis guys let’s go there’s a lot to cover now what you
guys can see right here is a little bit of an update to the chart you might have
seen last time now I drew this support roughly at around nine thousand three
hundred dollars cuz it’s looking like it is looking like we are trading within
this wedge right here so we can see all the balances that we’ve had and now we
are currently up at this point over here now what I think could happen from this
and give you guys the perspective at least for September of what my price
targets are and why I think bitcoin could do and what I think is the most
obvious step first let’s look at what happened before so we started off having
this divergence this is where everything kind of changed so we had this
divergence as we see here the RSI you see it made a higher low and we had a
lower low in the Bitcoin chart in that indicated that we could be seeing a
change in momentum or a change in direction that’s exactly what we saw
after trading sideways for a little bit we had this huge explosion of and now we
are currently set at roughly ten thousand four hundred and thirty-eight
dollars I mean you guys were able to catch that trade they congratulations to
you because that was definitely one that was very profitable now from here again
I don’t want to enter along in this area I think Bitcoin
right now has a lot of uncertainty but I what I think could happen is for a
Bitcoin to retest the support which is what it’s doing right now and then start
moving its way up to test the resistance up here that would again fulfill another
test of the resistance like we’ve seen before and keep big coin in this wedge
that it is trading and now what we can see from here is a drop back down that
would make sense for us to see this come in as well could bring us down to the
low 9000 and maybe even with a few weeks we could go down to the high eight
thousands that’s something that’s very very possible to for us to see happen
again off a bounce in the resistance just to go back down and then make its
way on over to that breakout I do believe a breakout is coming for Bitcoin
and all signs right now indicate that we are going to have one to the upside we
are going to have a bullish breakout and that’s very exciting news for a lot of
people now Before we jump in and start entering along right now that’s not
exactly how I’m going to play obviously with this resistance over here a strong
resistance we’ve touched it several times before I am going to wait for a
confirmation now if you guys have this line drawn if you have this resistance
John in your chart and you’re waiting for that moment as well wait for a
confirmation a confirmed break from this resistance for us to start heading our
way on up that’s exactly what I got mapped out right now for Bitcoin
obviously not entering the trade until it is a high quality trade and I’ll keep
all of you guys updated in the trade alert group if we jump into anything but
for now we saw this perfect movement change this perfect trend change when
the divergence came in that played out to perfection and from here we are
waiting to see a little more a little more information from Bitcoin because
right now it is in a very especially given this long weekend that just
happened in the u.s. I believe Bitcoin was highly highly manipulated if we look
at the Bitcoin dominance which is something I also really enjoy looking at
is especially for all points we are currently at a resistance now it’s a
relatively big resistance roughly between 72% and 76% and we are just
entering that range over here now there have been several times during this move
that we’ve expected Bitcoin dominance to and hit a resistance and start to come
back down that would let all coins breed that would allow for all points
start seeing some movement now we are in this resistance as well again and I’m
expecting what we could see here is some of these stronger all coins some of
these you know so what I consider a long term all coins which are all coins that
I hold in my long term portfolio in this range I could definitely see a Bitcoin
slowed down a little bit in terms of dominance going up and start seeing
these good all coins start to have a breather and start to move their way on
up because again all points have been relatively slow they’ve been relatively
dead the last few months and recently just trading relatively sideways on some
of them and obviously some of them are still on their way down and it hasn’t
been any fun Bitcoin has been the main focus up to right now but definitely an
area to watch out with this resistance over here now Arthur Hayes has come back
and he is talking about the new all-time high
bitcoins two-step process to $20,000 he goes into Bitcoin in theory of all these
forecasts and he posted on Twitter did y’all miss me I’m back from the deepest
darkest Peru ready to cash checks for those of you in Singapore next week for
invest Asia keep Wednesday night free we will be two-stepping
straight to $20,000 so take that as you will but he’s clearly excited for the to
step into $20,000 for Bitcoin definitely something a lot of us are looking at and
I want to take this moment to ask you guys this question what do you think of
the new Bitcoin all-time high is he going to happen this year in 2019 or is
it gonna happen next year in 2020 let me know your guys thoughts in the comments
down below right now I’m gonna go through and read everything you guys
posted to get an idea of what the overall market sentiment is now before
we jump into the overall market cap I didn’t want to say that I posted a video
before and it’s called the $500 headphones with crypto where I use
crypto for day-to-day purchases online and it was really cool things like
Amazon things like new egg you can actually spend Bitcoin on these websites
and make purchases so if you haven’t checked that out real quick plug go
ahead and check that out it was a really cool video to film and I want to know
what you guys think of it now moving on again like I said coin Marquette but 266
a billion dollars in market cap bitcoins omens continuing to go up like we just
showed in the chart reaching right now what is a
distance point Bitcoin dominance here is that 70.5% but if we go to the change of
the trading view try which I find to be more accurate it is currently at that
seventy-two percent just breaking up above that 72 percent entering to 72 to
76 percent resistance that we were talking about but overall it’s a red day
we saw that big pump that come came in from Bitcoin I showed you how it was
retesting that support well that’s bringing all Queens down
with it even that big pump starting to bring all Queens down you can see that
by looking at the 24 hour change at US dollar a majority of all coins are in
the red there is definitely more red than green in the market right now
engine coin however up ten point seven seven percent I’m always happy to see
engine perform well I got in this one if you guys have been watching this channel
for a while engine and XRP were two of my early early investments that I got in
really early and profited very nicely from it so every time it does well and I
still do hold a bit of it so every time it does well I do get a little excited
to see same with Gollum a very good crypto currency up 4% but really quickly
see more red than green in the market coins like energy are down to 11% almost
11% greatness down hyper cash is down a majority of the markets in the red like
I said not much to cover there now this I thought was pretty funny we before we
jump into some pretty interesting news Justin Sun the Tron CEO has been accused
of buying five thousand Twitter followers per day now we have some cool
piece of news to cover really quick before we jump into the giveaway the
free one on one call giveaway and of course we are bringing back all the
giveaways that you guys are used to now that I’m able to post more frequently
moving and traveling there was a lot of stuff going on so it was difficult for
me to put videos out for you guys but now that I’m more situated now I’m ready
to post more content we’re gonna jump right back into a now if you look at his
Twitter statistics he’s currently at just over one 1.6 million Twitter
followers but it looks pretty interesting that he’s growing at pretty
much 5,000 Twitter followers every single day this came shortly after you
see in like mid to late 2018 where started looked like he wasn’t gaining
any at all he had a huge surge early 2018 from that got to the negatives
where he was losing followers at a point and then all of a sudden it started
picking up exactly two five thousand Twitter
followers per month you’ll see the daily average is even five thousand and one
and every single one it’s pretty much just consistently five thousand one
hundred four thousand nine hundred and that’s how the growth has been now this
is very common it’s not a surprise to me at all I just thought it was pretty
funny because he’s not the only one that does it not only even in the crypto
space where a lot of people actually do this and if you guys started doing some
research you’ll see exactly what I’m talking about on Twitter on YouTube on
everything a lot of people do that but not only there in every industry out
there so it’s not exactly a bad thing in terms of a lot of people do it but I
thought that was pretty funny so I wanted to share that with you before we
jump into the really big and good news Portugal’s tax authority has said that
crypto trading and payments are tax free so if you’re in crypto you live close to
Portugal now might be the time to move on over and get yourself in Portugal
crypto trading and payments are tax free now there’s a lot of uncertainty with
taxes a lot of people have tax questions and obviously I’m not a tax advisor and
I’m not telling you guys what to do I don’t know the rules in every single
place so I can’t comment on them but I know that most countries either do tax
crypto currencies or they don’t have any clear regulations on crypto currency a
majority the time it’s a great area between the two they have rules the
rules don’t make a lot of sense there’s sort of a gray it’s very confusing I’m
sure if you live in the u.s. you know exactly what I’m talking about this is
really cool because I think more countries should be doing this I think
this is the right thing to do I think the only time that you should be able to
tax crypto currencies is when you cash out crypto currencies let’s say in my
example Bitcoin to US dollar when I cash out Bitcoin to US dollar by all means I
expect to pay taxes on that transaction everything else though I don’t believe
is in the United States jurisdiction I don’t believe they have the I don’t
think they should have the right to order taxes on a crypto to crypto
transaction don’t believe they should order Thai they should be able I should
have to pay taxes on you know it’s selling Bitcoin to buy a theory if the
US dollar was never used I don’t think that’s something that should be done but
again that’s not the way it is right now Portugal however has started to make
that a thing where crypto trading crypto to crypto is taxed
that’s how I believe it should be so that very very good news hopefully more
countries start picking up and doing the exact same thing because I know if you
guys have crypto which I’m assuming a majority of you guys do you know that
crypto taxes and just knowing about crypto taxes absolutely sucks it either
the rules suck where you are or you just have no idea what the rules are because
they’re pretty difficult to figure out they don’t make a lot of sense so this
again very very good news now let’s jump into the giveaway really quick I really
enjoy talking to some of you guys when you win the one-on-one call obviously we
do a one on one call giveaway every Monday and Wednesday and we do a crypto
giveaway every single Friday so the winner today what are your thoughts on
etherium from salvador nickel well Salvador first of all congratulations on
winning you win the free one on one call all you have to do to claim it is leave
a comment down below send me a message on Instagram whatever it isn’t it easier
for you we will make sure to get in touch thoughts on aetherium right now I
think aetherium suffered a lot with the all coin sell-off I think at the ico
height people had to buy aetherium had to give aetherium if theorem was there
for sold eventually in order to either cash out when they ran away with your
money which unfortunately a lot of projects did or when they were going to
the development phase they needed funds they sold a theorem in aetherium took a
big hit it’s going to take a lot for a theorem to get back to where it was
before although I do think it’s possible it is definitely something that might
take a little bit longer if all coins rally then aetherium certainly will have
a nice pump from there as well so it’s definitely something to look forward to
an altcoin season as I do believe in theory of NX RP usually leave the pack
when all the way went in all Queen season does come around but guys that’s
gonna be for this video hopefully you guys did enjoy if you did don’t forget
to leave a thumbs up and leave a comment down below also make sure you are
subscribe so you can check back in to see every time we post a new video guys
thank you so much for watching I’ll see you guys on on that I’ll see you guys on
Friday for another video

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