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2019 Bitcoin Capitulation Update 5/14/19 – BTC Technical Analysis – TA price targets





Yes while we have pumped much higher than I or anyone else for that matter expected.. That does not invalidate my opinion that we are due for a major correction. As price moves up it will take longer to reach the ring of capitulation. In this video I break down where and why I think we are still going to see sub 3k levels in Bitcoin and why I do not think this bear market has ended. Again this is not financial advice, just my views of the market and I think can happen.

Charts from video:

capitulation chart:

Fib Circle Chart: (and yes I made a typo in the title ;p)

Keep checking the community section of my channel as I will be posting new charts about current price action daily:

To access my charts requires a onetime donation of $20. You will have access to all previous, current and future charts. These charts are shareable so you can save them as your own charts on tradingview.com allowing you add in your own indicators and watch real time.

After you donate just email back with the method or coin you chose and I will email back with website address to access all charts. My coin addresses for donations are listed down below. (any questions feel free to email me) or if you prefer PayPal, you can send to this email address: opticalart3d@gmail.com

BTC:
3GqX4XBy4Zvhi3FhAwfCE8Jucux6kuftrQ

ETH:
0x27403C81Fa5839d2B9088C208D946A401CBB6bcb

LTC:
MWppZqk7FEuh1SafrZooRdaw6kTMAV3Dah

BCH:
qzael8uwnkxwp2d46aml4vvqq0h0037wvvt0f8eyvx

XRP:
rw2ciyaNshpHe7bCHo4bRWq6pqqynnWKQg
2321848283

My email: opticalart3d@gmail.com

I’m on tradingview.com as: Snookerer

All content I put out is not financial advice. Crypto is a risky asset and you should do your own research before making any trades. These are only my views and opinions of the market. Keep checking the community post section for all new updated charts and possible trades that I may be playing.

Capitulation, Fibonacci, Fib Circles, Manipulation, Bitcoin BTC, 2019, bearish, bear market, bull market, price targets, technical analysis, bitcoin, TA, cycles, bullish, opticalartdotcom, May, June, July

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47 comments

  1. Result of my research shows that we will definitely come down. Nevertheless, we may only come down to 5100 minimum. Please note everyone.

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  2. Amazing analysis! Never saw that before! Thank You!

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  3. Great video thanks, yes this pup to me is a bit of a manipulated fake out. Thanks for some new charting ideas with your circles

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  4. What happens if BTC falls through capitulation line and then through the last ring of your circle? Does it go to 1K like Hyperwave and Tone Vays are predicting?

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  5. Pretty good TA. I don't use fib circles or pitchforks so it's good to see alternate indicators. I really hope we see capitulation to 4k at least. Anyone who knows anything about trading and BTC knows the parabolic move is not natural and very likely caused by binance and bitfinex. Already a flash crash to 7k, we'll likely see it go down further. The people that are negative now are the FOMO and moon morons. Ignore them.

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  6. Dude, I really like your trading style, but what you don't realize is that just because a target exists doesn't mean its going to get hit. I had a similar line on my charts and I was hoping 2k was going to get hit too. But Moving averages, volume, and pitchforks say otherwise. You have to look at the statistical odds. What if you're wrong? Regardless, I really like your analysis, but would like a less biased perspective, such as here are bullish targets, here are bearish. FYI I'm expecting a bounce in the upper 5k and lower 6k region.

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  7. Brilliant video !!!! share your thoughts more often 🙂 Thanks Brother !!!

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  8. Why listen to immature people?
    I think you are doing great.
    Moreover, you're not selling anything.
    You're a seeder in torrent terms.
    What more can we the leechers expect?

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  9. If you would like to be kept up to date on my latest charts please visit the community section of my channel: https://www.youtube.com/user/OPTICALARTdotCOM/community

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  10. Ooo fancy indicators.. you must be very very very good!

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  11. That chart is so noisy.

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  12. 50% drop from 8k is 6k. We went to $8,300 and just had a flash crash to $6,500 if you zoom in on the Bitcoin chart. So… why are you arguing with these guys? Bro what you said would happen, on the date you said would happen, all ready happened. Drop the mic on those fools

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  13. 5700 you said i didnt expect to go this high… and now at 8000 you say you didnt expect it to go this high again. I think you are the proof that TA is worthless and you definitely complicated it too much

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  14. People just love to bitch and complain with very little care of how that might affect others. Very selfish and disgusting in my view.
    Don't worry about the haters' man, I appreciate your take on things and we're going to correct at some point here, we'll see if we drop drastically.

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  15. haters are going to hate …..thats when you know your doing something right!

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  16. Can you pls say the numbers while you are explaining we don’t see any reference number . Too small. I am referring to your latest video. Comment is disabled there

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  17. When do you think we going to hit $4000?

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  18. Don't let the haters prevent you from making content. I like your approach and analysis. I always appreaciate well founded contrarian opinions

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  19. bro, would you make a video on how to set and use the Fibonacci circles? thanks

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  20. Bitcoin is cheap and there are governments involved due geopolitical risk management. We're in a bullrun and ofcourse we can correct but Bitcoin is not going to go back to 2500 dollar.

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  21. Your insight is much appreciated. The fact others done appreciate it just makes it all the more valuable.

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  22. Thanks for your analysis. Shorts have dropped 40%, longs are being stacked. Let's see if your theory about price manipulation to liquidate shorts was right. Nice video btw, take care

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  23. Thanks for analysis and opening up discourse in an intelligent manner 👍 I still think there are many other factors at play, some of which you mentioned, which make your job even harder, as btc is unlike anything the world has ever seen! It's rewriting a lot of rules as it goes. Chart experts in the future will look back and name these new behaviors after these times that we are now in and blind to.

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  24. LOL this retard still at it? $2500?

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  25. We are waiting for another Video !!! – Great Job – amazing New TA

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  26. this guy have absolutely no idea what is he doing. it is not about hating, is about preventing people following stupid youtubers

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  27. Eventhough you did not expect BTC to go to 8k, wasn’t the chart told you that it won’t go to 8k?

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  28. Nice video sir
    Tаke yоur bitcоins tо mу chаnnel

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  29. I appreciate this video because i have strong case of Fomo and just came into a good amount to invest. I will wait it out.

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  30. Thanks

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  31. this isnt 2014. this isnt 9-11. this is 2019. things are happening very fast.

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  32. keep the circles comin

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  33. 11:59

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  34. 13k views that says it all. 13k crypto family have serious doubts about this bull run. Great video brother we salute you and the way you present you views trading strategy and life philosophy. We need more mentors like you in the space

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  35. Do you have a course?

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  36. Dude you sound young. I’m dedicating hours a day (while working) reading TA and listening to other professionals on YouTube determining how they do their TA and form their strategies. It’s become an obsession and while I haven’t attempted doing my own ta I’d rather just gather as many opinions and analysis to create my own based on confluence and differences of others who have put a lot more time into it. As of now just found your channel and your analysis is spot on with the opinions i have formed on my own based on what I’ve learned. It’s absurd how moonish and greedy some people are right now absolutely delusion. And I fully agree this whole run has been total manipulation for the whales to dump their bags into their low buy orders. There hasn’t been despair. The blood has not be bloody enough. Everyone will see soon enough even if they manage to manipulate this shit to 10k. It will be that much worse if so. Thanks for the input

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  37. Hey dude do you have the exact same chart setup as you do, I want it for learning purposes and analysis purposes only so i can start using fib circles. Fib circle look good. 🙂

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  38. I hope capitulation does occur dude, Ive been bearish since 17'. What we need to take note is that a correction is needed,Naturally we will have to correct however what backs that information is when the BTC block rewards start to half. It will half. Lets see a sub 3k BTC in September.

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  39. Yo I love you so much…. I have learned alot from you but…. You are forgetting to factor in moving averages and I think you should calibrate your chart it is too bearish. Much Much love .

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  40. Keep it up! another good video. Thanks OPTIC

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  41. Where do you see LTC when/if BTC crashes to lower lows?

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  42. Interesting but what is the basis for this analysis except all based on what it did last time..! That's a sample size of 1! Whereas all fundamentals say we've bottomed (miners revenue, puell multiple, on chain volume etc.)! PA is above all moving averages, we are making higher highs on all big time frames except Monthly…! facts vs opinion!

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  43. u sound like a crying ….
    a horoscop is more accurate than your "analysis". let it be!

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  44. Everyone has been expecting it to play out like last time. This allows whales to manipulate it.

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  45. It won't dump until the trade deal with China is settled…..when u hear we got a new trade deal with china…dump asap….cuz investors are going to rush back into the stock market…

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  46. Do you also chart ETH by any chance?

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  47. Can you publish you're trade history?

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