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  1. Mr Dan, here's a very important question for you which directly affects you and all other crypto day traders:

    What do you make of this passage from the newly passed tax law which plans to treat cryptocurrencies as property;

    (From the Q and A section of IRS Notice 2014-21)

    Q-1: How is virtual currency treated for federal tax purposes?
    A-1: For federal tax purposes, virtual currency is treated as property. General tax principles applicable to property transactions apply to transactions using virtual currency.

    The kicker is Queston 6:

    Q-6: Does a taxpayer have gain or loss upon an exchange of virtual currency for other property?
    A-6: Yes. If the fair market value of property received in exchange for virtual currency exceeds the taxpayer’s adjusted basis of the virtual currency, the taxpayer has taxable gain. The taxpayer has a loss if the fair market value of the property received is less than the adjusted basis of the virtual currency. See Publication 544, Sales and Other Dispositions of Assets, for information about the tax treatment of sales and exchanges, such as whether a loss is deductible.

    In plain language this seems to say that every profitable trade you make in cryptos triggers a taxable event, rather than cashing out and moving your profits to your bank account. If this is the case, how in the world does a day trader like yourself keep track of losses and profits and pay tax (presumably a 15% capital gains tax) on those profits? This seems to say that at the end of the day you have to keep a ledger of your profits and then pony up every quarter for self-employment tax.

    Long question, but I'd like your take on this. I've pulled all my money off GDAX and am now storing it on a hot wallet on a separate computer because of this.

  2. love your videos, im not much of a trader but since alts are getting very popular i would love it if you covered coins you think could be setting up nicely by looking over their respective charts. i think a lot of ppl like going to TAs on steemit just to read posts but you could get more views by looking over some setups for potential breaks. just an idea, thanks.

  3. Awesome videos, Dan!  Been watching for a couple months and you are excellent at explaining this stuff and you are a very disciplined trader which is so very crucial with this hobby.  Props to you for mastering your discipline and emotions, something MUCH easier said than done.

  4. Chart man Dan! New subscriber and fairly new to the crypto world. Also new to technical analysis. Just bought the Japanese Charting Technique book to learn this stuff. Love the channel! You make it interesting and easy to follow. I'm going through all your older educational videos and just have to give you a HUGE thank you! I'm a visual learner and your videos are top notch! Keep it up! Love it! I can't get enough of this stuff!

  5. Looking at the gnt/usdt polo chart today i noticed the daily showed an upper wick that touched 1.40 but that wick doesnt show up on any of the lower time frames, any idea why that happens? It really screws up the charting for me

  6. +TheChartGuys Regarding the inside bars. What determines what the next bar will be. I thought it's depending on the pattern of the prev bar. For example 7 days ago o the 26th with BCC we saw 3 inside bars following bull pattern (Bull bar, then inside that was bear bar, bear bar, then bull bar). I expected the next bar to be bull, but instead it started acting like it was competing in a game of Limbo.. (Dear Mr. Genius Chart Guys or Anyone -Plz Help, Hopefully question description makes sense)(Thank you in advance if answered). Ps. Happy New Year!

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