Why $20.8K is a critical level for Bitcoin
In this weeks episode of Market Talks, we welcome professional trader Charlie Burton.
Charlie is a professional trader with 24 years of experience and has been trading full-time since 2001. He is the founder of EzeeTrader and Charlie Burton Trading. He is also undefeated in the annual London Forex show live trade-off for the 5 years it was running. He has also been featured on the hugely popular BBC documentary ‘Trader, Millions by the minute’. Charlie is one of the very few trading educators who is also a professional money manager trading FCA regulated capital.
The main topic of discussion with Charlie will be the current support level for Bitcoin (BTC) and why it is so critical. If Bitcoin goes below its current support, what are other major price levels you should be keeping an eye on? We also get his insights into what caused the collapse of the recent bear market relief rally.
There are a few major market events that are scheduled for the last few days of August, we ask Charlie which ones he is going to be keeping an eye on and how they might affect the market and more importantly his trading strategy. Will things in the crypto market and traditional markets improve as we move towards the end of the year or can we expect more volatility and downward price action?
Everyone has been talking about Ethereum’s (ETH) performance recently and how it has outperformed Bitcoin, so we ask Charlie how he compares Ethereum’s performance to Bitcoin’s from a trader’s perspective and whether he changed his strategy slightly because of it.
China has been in the news again recently due to the potential looming collapse of its economy. Being the superpower it is and having the second largest economy in the world this possibility is bound to make waves in the markets. We ask Charlie what his thoughts on the situation are and whether he’s keeping a close eye on China.
Being a professional trader, one must have strategies for every trade. But should your trading strategy for crypto markets differ from traditional markets and if so, how should they be different? These are uncertain times and everyone would like an insight into how professional trader function during these times, which is why we get the insights from the professional himself.
Tune in to have your voice heard. We’ll be taking your questions and comments throughout the show, so be sure to have them ready to go.
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