Join The Rational Investor and Coinigy teams as they discuss the latest and greatest in Bitcoin, Altcoin and Digital Asset Trading.
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## WCN Episode Summary: #Bitcoin & #Altcoin Trading Talk 24 (2016-03-19)
This episode of WCN focused heavily on technical analysis and trading strategies, with Rob Borden (Coenagy) guest hosting for William Kale. The discussion covered Bitcoin, Litecoin, and several altcoins, emphasizing volume analysis and risk management.
Main Topics:
- Coenagy's upcoming Lonex margin trading platform and blockchain data integration.
- Technical analysis of Bitcoin and Litecoin weekly charts, referencing historical price action and potential "events."
- Emphasis on waiting for clear market signals (MACD "W" breakout) before entering trades.
- Introduction and explanation of "volume impetus," a proprietary trading concept.
- Analysis of various altcoins including FCT, FSTT, and "Clamst."
- Discussion of Fibonacci retracement levels and support levels using a "parking garage" analogy.
Key Quotes:
- "Litecoin may have formed a structural bottom around $2, potentially heading towards $4."
- "We need to wait for clear market signals before entering trades, particularly avoiding aggressive strategies like margin trading."
- "Volume bars can signal potential reversals or consolidations."
People Mentioned:
- William Kale
- Alex Sturk
- Rob Borden (Coenagy)
- Brian Beamish ("The Rational Investor")
- Rico Jones
- Alex (assisting with chart analysis)
Bitcoin Price: No specific Bitcoin price was mentioned.
The episode concluded with a discussion of "Clamst," a coin with questionable supply data where one host revealed a 1% portfolio investment at $1500, anticipating a doubling.