THIS CHART JUST REVEALED THE BITCOIN TOP [Sooner than you think…]

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Timestamps:
00:00 – Intro
00:44 – Bitcoin analysis
05:50 – Trading strategies
08:00 – More Crypto news
09:03 – This is when Bitcoin will top

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DISCLAIMER: Trading Bitcoin is VERY risky, and 80% of traders don’t make money. Make sure that you understand these risks if you are a beginner. I only recommend crypto trading to already experienced traders!

**Disclaimer**
Please be advised that I own a diverse portfolio of cryptocurrency as I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.

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Guys today I am going to show you an absolutely mindblowing chart this chart is showing us not only when Bitcoin is going to break its previous all-time high but also when Bitcoin is going to reach a new all-time high and top out for the cycle guys this is a video you

Will not want to miss I’m going to go through what I see happening for Bitcoin and altcoins in general in the short term in the long term I will update you on my own trading strategies here I will talk talk about everything you need to

Know if you are at all involved in the crypto space so welcome back everybody my name is Chris bringing new cryptocurrency videos every day teaching you how to make money in this market if you are new to the channel then make sure to subscribe and activate the Bell

Right now so let’s talk about this so my goto case for Bitcoin is still that Bitcoin is bullish and we are it’s just a matter of time until we reach higher prices and breach our previous all-time high now in my video yesterday I showed you this little bit of a channel and you

Can see that we are still inside of this so we’re still trending upwards towards $45,000 okay so I think honestly that I want Bitcoin to consolidate for a little bit longer but I do think that a breakout is inevitable and honestly uh if you’re sitting on the sidelines right

Now you’re waiting for a Bitcoin to uh maybe have a massive pullback I think that you have to raise the level in which you’re going to be buying that in that case because I think that there’s a realistic chance that a $25,000 Bitcoin a $30,000 Bitcoin that you will never

See those prices again so make up your strategy here I think that potentially if you did not take advantage of the dips that I’ve been telling you all about in this entire bare market and in this cycle that we are in right now the bull cycle uh if you haven’t bought the

Dip I think the uh best thing to do is try to get into altcoin and try to potentially make up the gains that way uh but if you look at Bitcoin right now you can see that we had this swing high right here this week at close to reached almost

$45,000 you have this one which reached about 44,800 and then you have of course these ones and you can see that we are struggling with a level of resistance right here okay so we haven’t been able to break through this convincingly and close above it but I think that we are

Very close to do in that I do think it’s only a matter of time just like I said and I have been saying that yeah I think that we are going to break through this it is inevitable the only question is when now for me I do not mind I would

Love for us to have some more volatility maybe even come back down to the red line here at $42,000 H just for the volatility because that’s like well there’s two different reasons one my bot thrives in that kind of environment and I will update you on the Bots here in a little

Bit but two also on the day of the ETF approval the lower we are the better because if we are already at $55,000 $60,000 on the day of the ETF approval which is uh actually not unlikely at all that could be the case that we are at

Those prices on the day of the ETF approval uh if we are at that high of a level of course it’s more risky to then have a more severe pullback on the actual approval because there could be a buy the rumor sell the news so the

Buying has been up to $55 $60,000 and then sell the news down to I don’t know maybe even down to this uh red line here at $42,000 who knows this is why I’m telling you the lower we are the better on the ETF day of the ETF approval now

On a closing basis we uh if we look at the highest close of the candles it has actually been right here so this is a very very key level as well should probably input an orange line here I’m going to go ahead and do that right now

So there we have the Orange Line This is the cycle um the bull run that we are in right now the highest close we have had is at this orange line so this makes it a very significant level of resistance so once we break through this if we can

Break through it which I think is only a matter of time just like I said then that is going to Signal very very bullish momentum as well so if we manage to close Above This level that is a key level to watch now for traditional markets traditional markets have had a

Bounce and just like have been saying here recently even if traditional markets goes down in the stage where we are right now for Bitcoin I do not think that it’s going to matter that much if traditional Market goes down because we’re just you can see every single dip

We have is being quickly bought up by by the Bulls here so until we have that ETF approval I do not think that any dip is going to be you know severe in that way that we’re going to go straight down to $38,000 or some of those dumps you saw

In the bare Market or some of the dumps you saw um even leading up to like the $20,000 top in 2017 and The $64,000 top in uh in 2021 so let’s keep our eyes on that in terms of the total altcoin market cap you can see that we are having a big

Green candle right here now if we can close the green candle like this that is very very bullish it means that we’re finally going to break through a key level right here but you can see we’re struggling we’re having a little bit of a pullback here on the total three as

Well so we will see if we manage to close it like this we have a few days left but if we manage to close a green candle Above This orange line that is a very very good sign for the rest of the altcoin markets now before I talk about

The key stuff Happening Here in terms of the ETFs in terms of where we are going to top out for Bitcoin and altcoins just a quick update on my trading strategies now uh my trading strategies went up took profit yesterday so we’re having some more gains here that is absolutely

Fantastic even this pullback you’re seeing right now we went up to 44,4 44 and now we are having a little bit of a drop which means that my altcoin sorry my trading strategies are accumulating positions here so that is absolutely fantastic very very beautiful um so you

Can see the profits right here and for the bit cat Bots we have now $95,000 in profits on my main account and $20,000 on my second account so that is absolutely fantastic we are making so much money here and especially the subscribers that are following these strategies are making so much money now

You can see the gains of the main account Bots here which were opened 44 days ago and the second account 17 days ago were opened and they are also making tremendous gains here so quick reminder uh that if you want to join these ones uh we do have on bitat it’s full

Obviously here but I am trying to get uh bitat to increase this to 750 that will be the uh limit so there will not be more than 750 spot spots on this account just like there cannot be more than 750 on my main account so uh of course it’s

Full right now but if you want to claim your spot last chance to claim your spot when they open it up until uh or open it up for 750 make sure to go to the description of this video click slot reminders you get reminded as soon as

Those are being opened if you want to use these trading strategies that is so how you do that is you go to the description of this video you click on uh you can try okx first so claim up to $50,000 in okx by clicking this link

Click join now and then with one click you can set up each and every one of these Bots now if okx is not available in your country use bitat like I said click here claim up to $8,400 and then my main account is full also my second account is full but my

Second account is going to get the last 100 spots are going to be opened here very soon so click on this one and click on slot reminder so you get notified as soon as the slots are opened and then you know you have to be quick to try to

Claim those spots if you want to do that now let’s continue so alt coins are absolutely flying in general here near is up almost 20% Alo 23 this is for the last day 24 hours many altcoins are up 10% so that is fantastic and like I said

Alt coins in general as long as we can close Above This level that is absolutely fantastic so Sunday is going to be huge now I know a lot of you guys are celebrating Christmas and I want to wish you a fantastic holidays but yeah maybe you can get a very very nice

Christmas present from the markets here so that is fantastic and guys look at this the CME open interest is nearly back to its all-time high as you know I talked about this one right here the institutions were dumping Bitcoin in anticipation of the holiday season and

Now they are fing back in here okay so you’re seeing more and more money get into Bitcoin we’re almost at an all-time high here in terms of open interest on thec me which which is institutions traditional institutional players so they’re formway back into the market and

I want to show you when we can anticipate Bitcoin to top out and when we can anticipate Bitcoin to break its previous all-time high so what you have on the bottom here is the obv indicator basically it’s a volume indicator showing you the volume for Bitcoin here

And the kind of the um Trend that the volume is indicating bullish or bearish now what this indicator has shown us previously on the two-month chart and this is the Bitcoin price above here we broke our all-time high on the obv so onchain balance volume and you can see

Right here is when we had this uh breakout and then two months later which is the candle after we broke our previous all-time high right we broke it here and then we had a massive push the next 10 months saw a massive push towards the next all-time high okay then

We go to the bare Market volume indicator goes down we break it right here we break our previous all-time high this is the alltime high High break it right here boom next two months is when you break the all-time high for Bitcoin and then during the next six months you

Top out for the cycle so what this is showing us and you’re having the same one right here guys you have the all-time high we have a bare Market we break through it we have broken through it already and here’s the thing if this is going to repeat then the next two

Months we’re likely to break our previous all-time high which is likely the next two months is when the ETF is going to be approved all of these things so um it’s very I mean it’s I’m going to talk about the ETF in a bit but it’s

Looking very very likely that the ETF is going to be approved and at that point I do believe that this is lining up as well that within the next two months you are going to break the uh previous alltime high so we break through this line right here and then potentially the

Next 6 to 10 months you’re going to see that new top for Bitcoin right so that is absolutely fantastic guys and I do think that something like this is potentially going to play out now some ETF news so the SEC has been meeting this has been reported that the SEC

Actually met with most of the uh ETF filers a couple of days ago in a conference call talking about this in details so um there’s different kind of reportings on this some sources say that they met had a conference call with all of the ETF providers some say that the

SEC had calls just with each and every one of the ETF providers individually either either way it’s looking really really likely right now that it’s only a matter of time until the ETF is going to be approved so what they wanted to discuss was some technicalities whe

Whether the ETFs were going to be created with cash crates or with in kind uh Bitcoin well it doesn’t really matter that much it’s still going to be uh buying pressure on the spot market for Bitcoin and also speaking of that you can see that the um uh discount for the

Grayscale bit coin has been shrinking so this is the discount you can see it’s – 7% right now at the bare Market this was at minus 50% meaning if you bought gbtc instead of spot Bitcoin then you would be able to kind of capture this discount and since this discount has been

Shrinking uh it’s now at 7% more and more there institutions are not really incentivized to buy gptc instead of real Bitcoin right so more pressure more buying pressure pressure for real Bitcoin instead of gbtc here which is in a way also real Bitcoin but it’s just two different markets so basically if

You bought here at minus 50% right now in addition to the gains you’re seeing with Bitcoin anyway you were capturing about 40% in additional gains here if you bought gbtc so this is what the institutions have been doing that’s why the discount has been shrinking because

A lot of money have been piling in to gbtc but soon it’s going to be at parity and soon the incentives to buy gptc instead of real Bitcoin is going to disappear and so the ETF is obviously going to be the biggest gainer of uh of this development here so that’s

Fantastic uh finally what I wanted to say guys is that today you’re going to have some economical data come out which is going to have an effect on the market obviously you have the PC index uh so uh be prepared for this volatility uh as for me just letting the Bots do their

Thing I’m not selling any Bitcoin right now taking advantage of this volatility and um yeah fantastic gains here across the board on my trading strategies as well but guys thank you so much for watching this video and I will see you guys in the next one