• BTC Dominance: %
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

Reaching the Bitcoin price bottom is a process, says The Wolf of All Streets, Scott Melker

Jon Hartney by Jon Hartney
December 14, 2022
in Bitcoin, Blockchain, Business, Market
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

“People love to point at a specific price in hindsight as the bottom of an asset, but bottoming is a process,” Melker says during the first episode of Crypto Trading Secrets.

Related articles

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Crypto investor, trader and content creator Scott Melker, also known as The Wolf Of All Streets, joined the new Crypto Trading Secrets podcast for an interview with host Benjamin Pirus. During the conversation — which was recorded on Nov. 29 — Melker gave his opinion on numerous topics, including what he looks for on Bitcoin’s (BTC) price chart to tell him it is time to start contemplating a bull market transition. “It’s usually a multimonth process,” Melker said of asset bottoms. “It can take even longer than that.”

Crypto Trading Secrets with Benjamin Pirus is one of several shows launching as a part of Cointelegraph’s new podcast programming. Featuring interviews with crypto trading and investing personalities, each episode of Crypto Trading Secrets will focus on various topics related to the investing and trading side of the crypto space.

Early in the interview, Melker noted potential signs that Bitcoin could be forming its bottom in terms of sentiment and also weighed mainstream factors that might keep BTC down. Later, Melker pointed to the charts, mentioning what he looks for that might tell him Bitcoin and crypto have turned around.

“Obviously, we’re in a series here as far as price of lower highs and lower lows, and once that series is broken, you have a technical break of the bear trend and a move into a bull market,” Melker said. “Right now, the last lower high, I believe, is right around $25,200 — something like that,” Melker said offhand. “So, it would take, effectively, a break of that level to start even talking about a bull market.”

He also mentioned other possible prices and chart moves that people might look for that could signal a change in course into a bull market. “But I think that as far as sentiment is concerned, it’s going to be pretty clear when prices start to rise, [people] stop reacting to bad news, people start getting interested again,” he added, continuing:

“Maybe we start seeing some more good news, but if we see a true bull run, what will inevitably happen is that most people will be in disbelief. They won’t think it’s really happening. It’ll be $25,000, $32,000, $40,000, and then wherever those people start to buy in, that’ll probably be the local top.”

The interview covers much more, including the archeological pursuits of Melker’s past. Check out the episode on the Cointelegraph Podcast page, as well as on Apple Podcasts, Spotify, Google Podcasts and TuneIn.

The views, thoughts and opinions expressed in this podcast are the participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin derivatives data shows room for BTC price to move higher this week

by Jon Hartney
January 23, 2023
0

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

by Jon Hartney
January 22, 2023
0

BTC could take a break from its sharp rally and if BTC price bounces off underlying support, APE, MANA, AAVE...

Genesis bankruptcy case scheduled for first hearing

by Jon Hartney
January 22, 2023
0

The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Terra lending protocol Mars to launch mainnet

by Jon Hartney
January 22, 2023
0

The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during...

Central African Republic eyes legal framework for crypto adoption

by Jon Hartney
January 22, 2023
0

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in

Load More
  • Trending
  • Comments
  • Latest

Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash

July 27, 2022

Critique on Helium’s $6.5K monthly revenue causes a stir

July 28, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022

Cardano Vasil hard fork hit with another delay for several weeks

July 29, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0

Crypto owners banned from working on US Government crypto policies

0

Korean startup Uprise lost $20M shorting LUNC

0

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Genesis bankruptcy case scheduled for first hearing

January 22, 2023

Terra lending protocol Mars to launch mainnet

January 22, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin derivatives data shows room for BTC price to move higher this week January 23, 2023
  • Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher January 22, 2023
  • Genesis bankruptcy case scheduled for first hearing January 22, 2023
  • Terra lending protocol Mars to launch mainnet January 22, 2023
  • Central African Republic eyes legal framework for crypto adoption January 22, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$28,436.003.48%
  • ethereumEthereum(ETH)$1,824.664.41%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.36%
  • binancecoinBNB(BNB)$330.892.17%
  • usd-coinUSD Coin(USDC)$1.00-0.18%
  • rippleXRP(XRP)$0.4483285.43%
  • cardanoCardano(ADA)$0.3738322.97%
  • dogecoinDogecoin(DOGE)$0.0779404.52%
  • Lido Staked EtherLido Staked Ether(STETH)$1,817.984.29%
  • matic-networkPolygon(MATIC)$1.142.13%
  • SolanaSolana(SOL)$22.293.18%
  • Binance USDBinance USD(BUSD)$1.00-0.09%
  • polkadotPolkadot(DOT)$6.354.09%
  • litecoinLitecoin(LTC)$93.896.78%
  • Shiba InuShiba Inu(SHIB)$0.0000112.26%
  • tronTRON(TRX)$0.0656899.06%
  • AvalancheAvalanche(AVAX)$17.634.57%
  • daiDai(DAI)$1.00-0.30%
  • UniswapUniswap(UNI)$6.282.50%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,531.003.71%
  • chainlinkChainlink(LINK)$7.666.18%
  • cosmosCosmos Hub(ATOM)$11.742.97%
  • ToncoinToncoin(TON)$2.20-7.84%
  • leo-tokenLEO Token(LEO)$3.390.58%
  • ethereum-classicEthereum Classic(ETC)$20.923.50%
  • moneroMonero(XMR)$157.114.80%
  • OKBOKB(OKB)$45.16-1.14%
  • bitcoin-cashBitcoin Cash(BCH)$129.081.87%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.09%
  • stellarStellar(XLM)$0.0930261.84%
  • filecoinFilecoin(FIL)$5.984.68%
  • AptosAptos(APT)$13.290.40%
  • true-usdTrueUSD(TUSD)$1.01-0.02%
  • Lido DAOLido DAO(LDO)$2.33-2.24%
  • HederaHedera(HBAR)$0.0629033.40%
  • QuantQuant(QNT)$127.681.75%
  • NEAR ProtocolNEAR Protocol(NEAR)$2.064.63%
  • CronosCronos(CRO)$0.0703802.00%
  • vechainVeChain(VET)$0.0237604.85%
  • ArbitrumArbitrum(ARB)$1.34-73.35%
  • StacksStacks(STX)$1.180.11%
  • algorandAlgorand(ALGO)$0.2214282.74%
  • Internet ComputerInternet Computer(ICP)$5.232.38%
  • ApeCoinApeCoin(APE)$4.194.15%
  • FantomFantom(FTM)$0.4995115.24%
  • The GraphThe Graph(GRT)$0.1536726.23%
  • eosEOS(EOS)$1.175.74%
  • The SandboxThe Sandbox(SAND)$0.663.88%
  • decentralandDecentraland(MANA)$0.625.80%
  • AaveAave(AAVE)$77.572.49%
  • ImmutableXImmutableX(IMX)$1.222.28%
  • MultiversXMultiversX(EGLD)$43.763.61%
  • tezosTezos(XTZ)$1.174.54%
  • FlowFlow(FLOW)$1.033.28%
  • theta-tokenTheta Network(THETA)$1.065.00%
  • FraxFrax(FRAX)$1.00-0.26%
  • Axie InfinityAxie Infinity(AXS)$8.743.92%
  • neoNEO(NEO)$12.627.78%
  • kucoin-sharesKuCoin(KCS)$9.080.87%
  • havvenSynthetix Network(SNX)$2.710.41%
  • ConfluxConflux(CFX)$0.3814850.36%
  • OptimismOptimism(OP)$2.50-2.24%
  • Rocket PoolRocket Pool(RPL)$40.223.95%
  • Mina ProtocolMina Protocol(MINA)$0.888.39%
  • BitDAOBitDAO(BIT)$0.530.44%
  • GateGate(GT)$5.403.27%
  • paxos-standardPax Dollar(USDP)$1.00-0.20%
  • Curve DAOCurve DAO(CRV)$0.972.67%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.0001271.14%
  • bitcoin-cash-svBitcoin SV(BSV)$37.795.20%
  • USDDUSDD(USDD)$1.00-0.01%
  • KlaytnKlaytn(KLAY)$0.2342813.51%
  • dashDash(DASH)$63.937.84%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.962.70%
  • PancakeSwapPancakeSwap(CAKE)$3.791.18%
  • ChilizChiliz(CHZ)$0.1232083.11%
  • GMXGMX(GMX)$75.58-3.32%
  • eCasheCash(XEC)$0.0000324.73%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • makerMaker(MKR)$682.041.20%
  • Frax ShareFrax Share(FXS)$8.212.22%
  • iotaIOTA(MIOTA)$0.2182163.82%
  • BitTorrentBitTorrent(BTT)$0.0000012.48%
  • singularitynetSingularityNET(AGIX)$0.4939820.48%
  • huobi-tokenHuobi(HT)$3.650.13%
  • cETHcETH(CETH)$36.614.71%
  • Bitget TokenBitget Token(BGB)$0.3948661.68%
  • EdgecoinEdgecoin(EDGT)$1.01-0.29%
  • XDC NetworkXDC Network(XDC)$0.038071-2.99%
  • Tokenize XchangeTokenize Xchange(TKX)$6.513.13%
  • PAX GoldPAX Gold(PAXG)$1,999.170.61%
  • Trust WalletTrust Wallet(TWT)$1.211.14%
  • Tether GoldTether Gold(XAUT)$2,001.381.66%
  • RenderRender(RNDR)$1.34-3.71%
  • Mask NetworkMask Network(MASK)$6.1721.74%
  • zilliqaZilliqa(ZIL)$0.0287744.86%
  • RadixRadix(XRD)$0.04574814.95%
  • BinaryXBinaryX(BNX)$23.94-86.46%
  • loopringLoopring(LRC)$0.36997610.14%