{"id":9168,"date":"2022-12-14T19:17:13","date_gmt":"2022-12-14T19:17:13","guid":{"rendered":"http:\/\/www.cryptoheretostay.com\/?p=9168"},"modified":"2022-12-14T19:17:14","modified_gmt":"2022-12-14T19:17:14","slug":"reaching-the-bitcoin-price-bottom-is-a-process-says-the-wolf-of-all-streets-scott-melker","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=9168","title":{"rendered":"Reaching the Bitcoin price bottom is a process, says The Wolf of All Streets, Scott Melker"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Crypto investor, trader and content creator Scott Melker, also known as The Wolf Of All Streets, joined the new <em>Crypto Trading Secrets<\/em> podcast for an interview with host Benjamin Pirus. During the conversation \u2014 which was recorded on Nov. 29 \u2014 Melker gave his opinion on numerous topics, including what he looks for on Bitcoin\u2019s (BTC) price chart to tell him it is time to start contemplating a bull market transition. \u201cIt\u2019s usually a multimonth process,\u201d Melker said of asset bottoms. \u201cIt can take even longer than that.\u201d<\/p>\n<p><em>Crypto Trading Secrets with Benjamin Pirus <\/em>is<em> <\/em>one of several shows launching as a part of Cointelegraph\u2019s new podcast programming. Featuring interviews with crypto trading and investing personalities, each episode of <em>Crypto Trading Secrets <\/em>will focus on various topics related to the investing and trading side of the crypto space. <\/p>\n<p>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.<\/p>\n<p>\u201cObviously, we\u2019re 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,\u201d Melker said. \u201cRight now, the last lower high, I believe, is right around $25,200 \u2014 something like that,\u201d Melker said offhand. \u201cSo, it would take, effectively, a break of that level to start even talking about a bull market.\u201d<\/p>\n<p>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. \u201cBut I think that as far as sentiment is concerned, it\u2019s going to be pretty clear when prices start to rise, [people] stop reacting to bad news, people start getting interested again,\u201d he added, continuing:<\/p>\n<p>\u201cMaybe 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\u2019t think it\u2019s really happening. It\u2019ll be $25,000, $32,000, $40,000, and then wherever those people start to buy in, that\u2019ll probably be the local top.\u201d<\/p>\n<p>The interview covers much more, including the archeological pursuits of Melker\u2019s past. Check out the episode on the Cointelegraph Podcast page, as well as on Apple Podcasts, Spotify, Google Podcasts and TuneIn. <\/p>\n<p class=\"post-content__disclaimer\"><em>The views, thoughts and opinions expressed in this podcast are the participants\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.<\/em><\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/reaching-the-bitcoin-price-bottom-is-a-process-says-the-wolf-of-all-streets-scott-melker\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u2014 which was recorded on Nov. 29 \u2014 Melker gave his opinion on numerous topics, including what he looks for on Bitcoin\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9169,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-9168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9168"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9168\/revisions"}],"predecessor-version":[{"id":9170,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9168\/revisions\/9170"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/9169"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}