Why $20.8K Is a Critical Level for Bitcoin

In this week’s 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 weigh-in for the five years it ran. He has also been featured in the hugely popular BBC documentary “Trader, Millions by the Minute”. Charlie is one of very few trading teachers 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 breaks below its current support, what are other major price levels to keep an eye on? We also get his insight into what caused the collapse of the recent bear market rally.

There are a few big market events scheduled for the last few days of August – we ask Charlie which ones he’ll be keeping an eye on and how they could 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 price decline?

Everyone has been talking about Ethereum’s (ETH) performance lately 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 if he changed his strategy a bit because of it.

China has been in the news again recently due to the potential looming collapse of its economy. Being the superpower that it is and having the second largest economy in the world, the possible collapse of China’s economic opportunity is sure to make waves in the markets. We ask Charlie what his thoughts on the situation are and whether he is keeping an 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 to have an insight into how a professional trader works in these times, so we get the insight from the professional himself.

Tune in to make your voice heard. We’ll be taking your questions and comments throughout the show, so be sure to have them ready to go.

Market Talks with Coffee ‘N’ Crypto’s Tim Warren streams live every Thursday at 12 PM ET (4:00 PM UTC). Every week we have interviews with some of the most influential and inspiring people from the crypto and blockchain industry. So remember to head over to Cointelegraph’s YouTube page and smash the like and subscribe buttons for all future videos and updates.