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Timestamps:
00:00 – HUGE mistake happening now
00:54 – Bitcoin analysis
03:11 – Do not make this HUGE mistake
13:30 – Trading strategies

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Guys today I have a very important video I see a lot of people right now are about to make a huge mistake in the crypto markets so today guys I’m going to talk about what that massive mistake is because we are right now getting a

Lot of Articles a lot of talk about a pullback down to $30,000 in the next few days the reason for why they believe that we are going to see this we’re going to go through it here in this video I am going to give you my 100% honest opinion about what I

Think about these theories what I think about the markets in general and much more guys so you will want to watch this if you’re holding any crypto if you are looking to get into buying crypto anything of that nature then make sure to watch this video from the beginning

Until the End welcome back everybody my name is Chris bringing you cryptocurrency videos every day teaching you how to make money in this market if you’re new to the channel then make sure to subscribe and activate the Bell right now so let’s get straight into it and

What we can see for Bitcoin is that after the pullbacks yesterday we can see that we went below we were supported first a couple of times here on the yellow line orange line and then we went below it we did have a significant pump from this point as well or a significant

Bounce I should say so this was from 44,600 and we saw a bounce up to more or less where we are right now 45377 and in that also we went down and actually retested this red uh orange line so things are still looking pretty good for Bitcoin and as you know guys my

Base case is still that we are in a bullish uh trend for Bitcoin and you already know about what I think is going to happen on the day of the ETF approval so when the ETF is approved or denied you already know about my scenarios there so I’m going to give you a

Reminder what I think people are missing about this entire thing here in a bit but first for ethereum also you know that I’ve been talking about this range on The Daily time frame for ethereum how we are still still to this day trading in within this range so we have been

Sideways here in this range from the beginning of December actually from the 1st of December literally here so um that is very very interesting and let’s see for how long this is going to hold on but this is good for my trading uh strategies of course uh accumulating on

The way down and then taking profit on the way up so that is absolutely fantastic if you look at traditional markets and this is interesting because traditional markets actually broke down from the the orange line here yesterday and we have had a pretty decent pullback for traditional markets but as you know

Guys as I’ve been saying the last few days this is the instance where I do not think that the traditional markets are really going to impact Bitcoin that much because Bitcoin is a beast of its own right now until the ETF is either approved or denied and that point you

Could see some more correlation between the traditional markets but for now for now it is a beast of its own and yeah we are kind of just go with the flow here and let’s see what Bitcoin is going to do in the next few days I think it’s

Going to be absolutely crazy now before I talk about my trading strategies here let’s talk about uh what a lot of people I think are going to do wrong here so first the spot Bitcoin ETF could get approved by the end of this week this is

What fox is reporting right now so this is obviously completely in line with what we have been saying here on this channel as well and what I believe personally now there’s more and more of these articles coming out that you are going to see such a huge dump once the

Bitcoin ETF is approved or denied well if it is denied I agree you’re going to see a big drop however to say that we are going to go down to $330,000 on the day of the ETF approval I will give you several reasons why I believe that that is not the case and

How do they end up with $32,000 on the day of the ETF approval well that is the short-term holder realiz ized price which basically shows us on chain which price the acquisition of all of the Bitcoin in circulation have been acquir that um sorry the the ones that have

Been acquired in the last 155 days what is that price and that is right now sitting at $32,000 so during the Bitcoin that’s been moved in the last 155 days most of those were acquired bought at $332,000 this is something we can verify on chain so that is why they believe and

In Bull markets generally we do at some point come down and and retest this trend line itself now obviously the longer time goes on this is going to go higher and higher so just because it’s at $32,000 right now doesn’t mean that we have to come down to $32,000 just

Like I said is going to most likely going to rise by every time every day that goes by but for now it is sitting at $32,000 so crypto Quant here are predicting that we are going to go down to $32,000 so that’s the first one but you’re seeing more and more of these

Also k33 research the Bitcoin spot ETF decision is expected on bitcoin spot ETFs between January the 8th and January the 10th well I believe it’s going to be sooner than that but the probability of the sell the new scenario is at 75% versus 20% for approval inflows propelling prices higher and a 5%

Probability that the filings are denied okay so they are saying that basically 5% that the ETF is denied but uh it is 75% that you’re going to see a um big drop during the ETF approval and that you are going to see 20% chance of you

Know prices going up and staying up on the date of the ETF approval now for me I think it’s pretty clear like I’ve already talked about my scenario what I think is going to happen so I think we are at the point in which it is approved let’s assume it’s approved and not

Denied if it is approved I think we’re going to see a pump okay so the price targets you already know about them if you don’t then make sure to go back and watch my previous few videos so the price targets you already know about but

If you see this pump yes you are then going to see a pullback as all of the people that have been buying an in anticipation of the spot Bitcoin ETF being approved is going to take profit so you could see something like an inverse uh vshape like so you go up and

Then you go down however for us to and if we assume that that scenario is correct then let’s take that and let’s take the price that they are predicting here $32,000 let’s say we have a pump and we go up to uh more like this we go up to let’s say

55 $55,000 or let’s just say that we go up to $50,000 and then we come down to $33,000 right so this would be a 33% pullback yes these are not completely unusual in bare markets or even in in Bull markets they happen but the caveat

To that is that there’s a lot of people I know are still sitting on the sidelines and they are looking to get in also on a pullback here so you also have of course from a technical standpoint you have several key resist support levels mainly you have The Orange Box

Right here with the red line and I do think that this is even in a very very volatile Bitcoin environment I still think that this is going to prove to be support for Bitcoin coin and there are other factors for why I believe that you

Are not going to see $32,000 as well so one of the reasons is that if you look at traditional markets we are you know we’ve had a little bit of a pullback but we are more or less at an all-time high we have reached our new all-time high

For the traditional markets for Nasdaq for the Dow Jones and the S&P 500 now if you look at Bitcoin we are not at our previous all-time high in fact if alltime high is at $69,000 so we are still quite some far off the all-time high and if you compare

Bitcoin and you chart it against the uh S&P 500 you can see that right now we are basically if you compare the s&p500 to bitcoin just the performances we are performing in terms of reaching our all-time high we still have 36% left to even reach our previous

All-time high let alone surpass it so what these guys are telling me basically let’s assume that traditional Market stays flat and uh they are telling me that Bitcoin is going to go down to 32,00 while the traditional markets are at an all-time high right so what that would

Mean so they’re telling me that Bitcoin would underperform because if you look at where we are right now uh for Bitcoin and we go down to 32 yeah $32,000 that’s about 30% so they’re telling me that we’re going to underperform the traditional Market by 33% that we are going to find

Ourselves somewhere around here here and then you look at how far away we are going to be if we come down here to the all-time high of where Bitcoin was here uh when Bitcoin was at 64 and at $669,000 compared to the S&P 500 so that’s essentially going to be an underperformance of

53% compared to the S&P 500 and then you also factor in that the spot Bitcoin ETF is inevitably going to bring some kind of buying pressure for Bitcoin that is something we already know it’s going to be some kind of buying pressure how much well people tend to underestimate what

Can be achieved in you know several years and several months and they overestimate what can be achieved in the next few weeks meaning a lot of people are going to look at the spot Bitcoin ETF and maybe they will be underwhelmed by the money that is flowing into the

Spot Bitcoin ETF immediately like the first week when it gets uh launched so there’s the difference between a approved and launched someone actually pointed that out in yesterday’s video I should be more clear about that but once the Bitcoin ETF is approved meaning in the next few days um if it is approved

We’re going to have that scenario I talked about most likely and then when it is actually launched probably end of January then you are going to see some money flood into the ETF and maybe people are going to say oh that’s not what I expected that’s not a lot of

Money and they’re going to underestimate what can be achieved over time in terms for the price so that is why the spot Bitcoin ETF is so important because it’s going to add constant buying pressure for Bitcoin over time and then you also have the Bitcoin having you have all of

These people on the sidelines that have been waiting to get into Bitcoin they didn’t buy the dip so far because they were scared of the economy they were scared of this and that of all of the people saying that we’re going to go down to $32,000 and when we were at

$332,000 people were saying we’re going to go down to $8,000 so this is all you know the same kind of fear mongering we’ve always seen for Bitcoin but at some point you just have just like I’ve been saying the last few months and really the last year at some point you

Will just have to make a decision at which point are you going to buy Bitcoin and there’s still a lot of people that haven’t B bought Bitcoin yet and they are looking to get into Bitcoin on any dip here so all of these things considered S&P 500 additional markets at

An all-time high spot Bitcoin ETF is going to add buying pressure to bitcoin over time you have the Bitcoin having you have us already being underperforming in terms of where we are to our all-time high compared to the S&P 500 yes in dollar terms we are still of

Course wrecking the S&P 500 in terms of percentage gains from the bottom but in terms of how far we are away from reaching our alltime high they’re telling me these people on these news articles and these analysts are telling me that we are going to with all these

Things I just mentioned underperform by 55% I am not buying that and of course this is something you already know if you’ve been watching my channels could I be wrong could I be completely wrong could we go down to $20,000 tomorrow hey you know there’s no way to say for

Certain but I would say that the likelihood is very very uh unlikely and I am not assuming that with my money at least in fact as you know I have been constantly uh putting more money into the crypto markets here since buying that 16,000 since this big breakout let

Me show you the long chart here actually which um which we uh obviously love because this actually did give us the very very best buying opportunity here for Bitcoin let me take this Fibonacci away it was just a from my previous video I talked about some price targets

Here for for Bitcoin so make sure to watch one of my previous videos but yeah since that massive breakout on the RSI here on the long-term charts which I’ve been talking about for years boom down here this was actually when we broke out out of the

RSI structure I was showing you and then at 16 this was like yeah $116,000 at maybe $177,000 we went heavy into Bitcoin and since then really we’ve just been buying the dip on the way up here and this is where I would uh think that we would see the most amount of

Gains inside of the steel box um and so far it’s been playing out pretty pretty well so yeah that is uh what I am still going to do I’m still following up with my plan here which I’ve been outlined for several years years now for my trading strategies as you know they’ve

Been doing tremendously well also on okx uh the latest figures is that well on these ones we are up several 100% but this is like the fifth or sixth batch of bots I’m using here overall on okx the latest numbers is that I think $1.7 million of profit has been uh

Distributed to everyone that have been using these ones throughout the last year now for bit cat which we’ve been using I think for two months uh no not even even two months but for the two months Uh current profit is $150,000 almost on the main account and

Almost $42,000 on the second account and this is not even counting the people that have already taken their profits and are not using the Bots anymore so in confirmed earnings right now we see for both of these platforms on okx and on bitat over 2 million dollar worth of

Profits have been distributed to the subscribers here it’s nice that bitat is tracking this one in real time however it doesn’t track the uh subscribers that have already used these platforms and for take the last 90 days you can see during the last 90 days we have 1.5

Th000 people that have been coming and going using these ones so it’s not tracking the total profit so I would love to see that for bit cod as well being displayed here now big video coming either later on today or tomorrow where I will also launch a third account

Because people have been messaging me so much telling me to open up up a new account because these two are now full and they have been full for I think a few weeks already or at least one week and they want to get in well you can get

In if you watch my video at the top of the description I show you exactly how you can set these ones up but for you lazy guys that just want to click a couple of buttons I am going to launch a third account as well so hopefully I

Will get that done either later on today or tomorrow so for now guys make sure to and you can use the bots on okak still it’s just on bit that they are full but if you want to use these ones go to okx First claim up to $60,000 by clicking on

This link click join now and then with one click you can set up these these Bots right here if you cannot use them then uh on okx then go to bitat claim up to $8,400 right here be ready when I launch that new account so you can you

Know join them with just one click you will then find the link down here as well but for now just subscribe and be ready for that if intend on using these trading strategies on bitat okay guys that is what I got for you thank you so

Much for watching this video and I will see you in the next one