BITCOIN BEARS: YOU ARE IN DANGER !!!

BITCOIN BEARS: YOU ARE IN DANGER !!!

crypto kids welcome back to another video today Bitcoin is pushing towards the $62,000 level the question is will Bitcoin break it and head towards new local highs or will Bitcoin break down and was this an entire fake out pump is the barcase completely over I know so many people have so many different questions and those questions shall be answered today so stay tuned Until the End Smash Up the like button subscribe um and let’s get into it because we had some nonemployment nonfarm employment data coming out and this caused the value of the dollar to fall now the falling dollar has inversely correlated with Bitcoin and increased the price of Bitcoin pumping us towards the upside so I will mention this very quickly on the 15-minute time frame we have an ascending triangle and by the way I’ve not been on the 15-minute time frame for like forever so an upwards Target I think 62.7k would be a good level of resistance to hit uh but if Bitcoin does have a fake out here uh then I think the 60.7k area should be holding pretty strong now in terms of probabilities honestly speaking I do not trade lower time frames so I’m not going to give a huge comment on it but what we can talk about is definitely definitely the weekly time frame for Bitcoin if you notice here Bitcoin for this Hing cycle we’ve been in a parabola now we’ve talked about this many times so I won’t cover it too long but what we do know is that on consensio so the 310 and 30 smas Bitcoin has a very good relationship with them and during this Parabola in this particular Hing cycle Bitcoin has come down retested the 30 SMA uh for now three times in a row and if you notice Bitcoin actually has formed a reversal Hammer candle each time that Bitcoin came down and retested the 30 SMA if you’ve been watching prior videos have been saying that 56k probably is a good opportunity to be buying Bitcoin you can go to the video titled I’m buying Bitcoin now and look at the comments like people are like no Bitcoin is going to crash more whatever yada y yada and yes there is a lot of demand for Bitcoin at 52k but if you are dcing in then it is a wonderful opportunity from my standpoint so Bitcoin did hold 56k 56 to 57 was my um you know one of my final Bu The Dip opportunities that I’ve been mentioning and we are currently rebounding from this level so the question is is the rebound okay it’s perfect now we can continue to 70k or are we going to be dumping towards the downside so in that perspective I think that Bitcoin look if we compare what happened here so in base 3 of the parabola to now uh then we can see that a very similar thing occurred so the Bitcoin spot ETFs in the US launched right we had a huge exhaustion candle we had consensio so the three and 10 period moving averages Crossing bearish if we get rid of price action and if we also get rid of some of our drawings it should be much much more simpler to visualize so let’s hide the drawings as well so we had consensio uh flipping bearish here and that indicates a weakening of the short-term Trend as soon as consensio went back up bull bullish and we had a retest of the 30 period moving average Bitcoin actually pumped by a matter of 60% towards the upside so usually in a parabola between base three so which this was base three and base four you can go up 100% in price in a very short amount of time but remember there is still one more leg left in this Parabola and if consensio so if we see a 30 the the 10 and the three period moving averages Crossing bullish into each other then I will be completely bullish on the market because we had a beautiful test to the 30 SMA as well but I would be waiting honestly for a weekly confirmation and for these two Mas to cross back bullish to go full 100% long back into Bitcoin I am full 100% long into Bitcoin already but I will probably consider adding uh more margin so I was looking into opening a $200,000 trade I’ll probably add um a similar amount of margin leveraged to my Bitcoin position if we see a crossover back bullish between the 3 and 10 moving averages so the following candle just has to continue trading above the close of this weekly candle which will which will be closing in 2 days and 4 hours but just to be on the safe side here I think waiting for a confirmation waiting for this candle to close and waiting to see what happens on tomorrow’s or next week’s candle would be the way forward uh so just do be careful there 59k is still the very crucial level uh that Bitcoin needs to close above if we do see a closure then we could be saved by literally a thread of the needle but let’s see what happens I think overall the macroeconomics are pretty weak and that’s exactly what we will be talking about in just a second uh but what was the chart here okay so I personally don’t think that it’s a cycle top yet it could be a local top for Bitcoin but the bull market is for sure not over uh and the way we can tell this is with the P Cycle top indicator I’ve actually been talking about this indicator for two years now if you go back to my very very old videos I think it was two years two years ago summer I was talking about the P Cycle top and we can see here that the py cycle top has perfectly identified almost all of the tops for Bitcoin at least in the past um wow okay since 2013 basically whenever we did have a P Cycle top Bitcoin reversed into well this was a short-term bare market and the rest were of course the huge bare markets we experienced afterwards on the weekly time frame it’s more accurate because on the weekly it also called the top we experienced in the first half of 2021 now on the weekly time frame the P Cycle top has still not emerged and until we get a P Cycle top I’m still very much bullish on bitcoin and fingers crossed I think we can head a lot lot higher on the monthly time frame Bitcoin has tested the bull and bare Market support bands perfectly which is something that we do in bull market Cycles as I explained on the research report and as I explained on previous videos too so if Bitcoin in summary is able to close above 61 61k ideally or 59.5k um and the following week’s candle opens in the green and continues trading higher uh and we have a crossover a bullish crossover between the three and 10 moving averages that’s the point where I’m going to go okay full bull mode but until this happens I’m still very much cautious because the trend is currently bearish if we see a flippening of this trend then everything should be fantastic but that concludes our Bitcoin analysis so the reason why we were actually pumping is because the Dixie is falling we had the unemployment claims uh get released into the market and they are looking terrible okay this is a sneak peek into my music taste but we can see here that the non-farm employment change was pretty pretty bad we have 175,000 new jobs added to the economy whereas the markets were predicting 238,000 jobs the last time it was 315,000 jobs what’s super funny is the Fed share Powell on the fomc live stream he mentioned that he does not see the Stag or deflation in stagflation happening in the US economy but just to kind of clear that up we have the labor market tanking absolutely tanking uh if we look at the full-time employment full-time employment is losing right we’re losing full-time employment it’s the part-time employment that’s carrying us and that is a terrible terrible sign also to keep in mind that people having two or more jobs at the same time that’s also at an alltime high it just means that people cannot sustain their lives with just one job and that is a terrible terrible thing thing uh to be looking at uh so overall I think employment is going terrible the labor market is very bad inflation is still increasing we have high interest rates so people cannot spend they cannot put any money into the economy and that’s why they need to up the printer otherwise we will go into a stagflation and the markets will will crash and this is the M2 this is the overall money supply and we can see here clearly that the money printer is about to go that’s the only way that they can save the economy why is this important well in 2021 November was the all-time high for the money supply and guess what was also an all-time high Bitcoin so the more money that is released into the market the more money people have to put into things like Bitcoin so this is actually a good sign but they are delaying an inevitable huge reset in the economy where the actual Reserve currency gets shifted and the econ um world economic power gets shifted into a different country the national debt is too high uh the actual deficit between expenditures and GDP is not sustainable at all to eventually be paying back these debts so the US is not going to a great place unfortunately with their economy uh so yes eventually there will be a massive crash I think 2026 will be the year where we see this crash uh because if uh Trump goes into office president Trump goes back into office he wants to implement certain policies that will actually worsen the economy so uh I’m not too confident with what is happening there but in in terms of the Bitcoin ETFs I’m actually super bullish this is the final thing that I will get into before ending off the video and it’s that between March 4th and March 15th Bitcoin Rose by 16.6% in value and because the price of Bitcoin Rose the demand for ETFs increased so they accumulated $4.8 billion in just a matter of 11 days this time around Bitcoin dumped a similar percentage to the increase we dumped by 15.2% but the spot ETFs outputed only $1.2 billion that is a 4X difference ladies and gentlemen and that to me is so bullish because clearly the ETFs do not want to be selling their Bitcoin the average buy in for spot ETF investors in the US lies between 57 to 58,000 so naturally the institutions want to keep price above these levels so people do not go into a loss and that is another reason why we may potentially not go below 57k but look yes was a great opportunity the greed was actually the fear was at alltime highs uh when you look into the past year so in a time of fear usually it’s a good idea to start accumulating in a time of greed when we’re at like 95 extreme greed that’s a time to take some profits off of the table so keep this theory in mind it belongs to Warren Buffett and it’s proven to be successful for the past so many decades so uh that is exactly the strategy that I’m approaching with my uh leverage trading portfolio but of course with my long-term huddle portfol P folio I don’t care if the greed or the fear is at like 20 uh I will not sell that is the rule with my hodling portfolio but with that said ladies and gentlemen before I conclude we can see that the short-term holders so the weak hands or the new entrance into the market they’re not selling their Bitcoin as a matter of fact when Bitcoin dumped after March 14th there was more uh short-term investors selling their Bitcoin compared to what we’re seeing today and that to me again is super super bullish once more people are not selling regardless of of how much they’re losing they’re keeping and Diamond handing their Bitcoin but guys and girls I hope you enjoy that video make sure to smash up the likes and um yeah I’ll see you all very soon keep up on the telegram Community I do share my analysis there when I cannot make a video so join using the top right hand uh section I’ll put a card over there or you can go into the link in the description down below but guys and girls as I said have a great weekend and I will see you all on the next video take care and bye-bye

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BITCOIN BEARS: YOU ARE IN DANGER !!!

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Timestamps:
00:00 Overview
00:26 Bitcoin Analysis
06:25 Macroeconomics
08:58 Bitcoin ETFs
10:36 On-Chain

#Bitcoin #Crypto #Trading

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