Ep. 10 - The Weekly Fire

CRYPTO 101

Bryce Paul & Brendan Viehman

Business News, Business, Tech News, Investing, News

4.3 • 841 Ratings

🗓️ 5 October 2019

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What’s burning, CryptNation? In The Weekly Fire, Bryce and PizzaMind recap the most important events of the week, and give you a piece of their mind. This week we discuss whether institutions coming into crypto is a good thing or a bad thing, and what some possible outcome scenarios might be. Bryce and Pizza whine about the woes of being non-accredited investors in a “free and open market.” Show Links: CRYPTO101podcast.com Twitter: twitter.com/Crypto101Pod twitter.com/BrycePaul101 twitter.com/PizzaMind www.instagram.com/crypto_101 Facebook: https://www.facebook.com/groups/101Crypto/ https://www.facebook.com/CRYPTO101Podcast/ Patreon: www.patreon.com/user?u=8429526 **THIS IS NOT FINANCIAL OR LEGAL ADVICE** © Copyright 2019 Boardwalk Flock, LLC All Rights Reserved ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Music credit to Ethan Meixsell - Demilitarized Zone Our Sponsors: * Check out Mars Men and use my code Mengotomars.com for a great deal: https://mengotomars.com * Check out Mars Men: https://mengotomars.com * Check out NPR: https://npr.org * Check out Quince and use my code quince.com/crypto101 for a great deal: https://www.quince.com * Check out Scribe and use my code Scribe.how/CRYPTO101 for a great deal: https://scribe.com/Crypto101 * Check out Shopify and use my code shopify.com/crypto101 for a great deal: https://www.shopify.com Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0	What's up, Krip Nation, episode 10 of the weekly fire. I can't believe we finally made it.
0:15.8	We did. So for 10 weeks, we have been setting things ablaze, and this week is no different. We have some very
0:22.0	hot burning questions and debates for you today, so let's get right into it. Yes, and we also
0:27.8	have a pretty steaming, pretty pipe and hot market. And what do I mean by that? So, you know,
0:32.9	we like to start every episode with a weekly weather report. So here's kind of what we're seeing in the
0:39.2	market. We're seeing, again, some serious consolidation of Bitcoin at that 8K level. Again, you
0:45.1	could go back and listen to every single weekly fire episode, probably since episode two or three,
0:50.0	where we've been calling 8K, 8K, it's got to get hit, it's got to get hit. And it finally got
0:55.6	hit this past week. And we saw the reaction that we wanted to see. We didn't see 8K get hit
1:03.4	and then get completely dumped through. We saw a lot of support build around that level. And we were
1:07.5	kind of just looking at that level because it was the top of the range where we
1:11.2	had been consolidating since May of 2018. It was the top of that range. You know, it was about 8k to about
1:17.6	6K. So we wanted to make sure that we retested that range. And it was also this consolidation range over here in
1:24.4	May and basically May through June of this year of 2019.
1:30.3	And there was just a lot of volume traded at that level.
1:33.3	So a tool I really like to use to spot these areas of significance is a cool tool called
1:38.3	the volume profile range or the VPVR.
1:42.3	So I highly encourage you to go on to TradingView.com, check out the VPVR. So I highly encourage you to go on to trading view.com, check out the VPVR.
1:48.3	It's an indicator that just by itself, you have to pay 30 bucks a month for, but this thing is
1:54.0	literally like a cheat sheet to the markets. It tells you where literally every support and
1:58.6	resistance rule is, or line is, I should say.
2:02.5	And it's really never failed me.
	...

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