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    Hey guys Bitcoin is in a complete free fall right now you can see that we are sitting right at the red line trying to hold up the Bitcoin price right now as I’m recording this video at $42,500 guys today I am going to talk about what this

    Is all about why are we crashing we do have some crazy stuff happening in the market is this the Bitcoin ETF being delayed or rejected today guys we’re going to talk about everything so if you are holding any crypto and uh yeah if you are at all involved in the crypto

    Space make sure to watch this video over $500 million worth of crypto has been liquidated in just one hour guys so yeah just like I said we have a lot of things to talk about today welcome back everybody my name is Chris bringing new 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 so Bitcoin has had a massive drop so you can see it really started if we go to

    The hourly time frame um it has been going on this hourly candle um uh started um yeah 45 minutes ago and then really was at the end of this candle so really this has been going on for just over one hour right now and what you can

    See is that this drop was actually more than 10% in this 1 hour time frame it’s two hourly candles but it was like the end of this candle and we’re at the like mid or end of this candle when I am recording so um yeah you can see a big drop for

    Bitcoin guys but what you can also see and I posted this on my Twitter as we uh were going down here um is my red line going to hold up the Bitcoin price here in this free fall and of course as we saw this a lot of people started to

    Speculate like what is the reason why we are going down why are we going down is this the ETF being delayed is the ETF being rejected well what we can see guys is that uh an in the middle of the chaos like everyone were fumbling trying to find reasons and what we can

    See is that there was one kind of analytics firm that came out and said that the SEC will reject all Bitcoin spot ETFs in January so this was just posted right now and um yeah this is basically and who is saying this it’s Matrix Port I don’t know them guys I

    Don’t know who they are uh maybe I should know them maybe I shouldn’t I don’t know but apparently they were important enough to actually produce an article here so from what I understand this is what spooked the market so the market was already on their Edge right so everyone in the market they’re

    Waiting they’re waiting are we going to see that ETF being approved are we going to have a pump they’re getting ready to sell their Bitcoin right they’re getting ready to do whatever they had planned and then they see this and they just assume that yes we are going to get it

    Rejected and everyone are racing to the door everyone are selling all at once and so you have this Cascade towards the downside right and uh let’s look a little bit more at some of the history here so this is what’s been posted like within the 24 hours in regards to Matrix

    Port so there was one article saying that uh Matrix Port claims that Bitcoin could hit $50,000 by the weekend which is you know this weekend and then they have this will be bitcoin’s highest price in 2024 according to Matrix Sport and then of course you have this one right now the c

    Will reject all Bitcoin bought ETFs in January says Matrix Port analyst so really this is a tale of everyone being so prepared to act on whatever news was going to come out and then everyone went to the door at the same time see this Cascade so for ethereum it’s even worse

    Guys ethereum went down like 12 13% still interestingly on The Daily time frame look at this we are still in between these two ranges which I’ve been talking about here guys so that is also very interesting and if we look at traditional markets traditional markets are also having a little bit of a

    Meltdown right now so this is of course uh not helping the crypto markets that the traditional markets are also going down at the same time so this just adds some more selling pressure um but really I find it unlikely also the timing of when this article was actually released

    H and not this article but when they made this and they started to spread this all across Twitter at the same time as the traditional markets was also having a meltdown so obviously the timing of this if you wanted to manipulate the market guys the timing of

    This was very very convenient at the time when everyone are ready to sell Bitcoin anyway and um the markets are having a traditional markets are having a meltdown and then you start to spread that information as well so how are we looking right now for what I think is

    Going to happen moving forward for Bitcoin let me just show you this over well it’s $432 Million worth of Longs have been liquidated for Bitcoin and also and it’s just in one hour guys and also $23 Million worth of shorts for Bitcoin being liquidated so about $500

    Million worth of you also account for other crypto assets have been liquidated here in this kind of price move so what do I see Happening Here well the first thing is let’s talk about the trading strategies which you know I am using here and all of these orders have been

    Filled fast Bots ethereum uh fast Bots Bitcoin um cycle Bots for Bitcoin ethereum and almost all of them for the slow Bots as well so you can sitting or you can see that I am sitting right now at pretty juicy floating pnls like very big losses here in terms of floating p&l

    All in all the Bots are still at Big profit but in terms of the current positions that they’ve been accumulating on the way down we are you know at pretty juicy positions here and they are down bad uh not too bad for Bitcoin but for ethereum yes they are down pretty

    Bad however if we see if we continue to see this bounce up and especially if the Bitcoin ETF is approved and you see some price action in regards to that then this is also quickly going to uh to reach the takeprofit prices and we will just see this as a massive massive win

    However this is the reason why I’ve been constantly telling you in my videos always add more margin make sure that you have added so much much margin so you can take you know a 15 20 25% drop because this happens so this is why it’s

    So important to add margin and uh I take for granted that you have already done that if you’re using these ones on okx and on bitat let me just show you again how you can do that if for some reason you haven’t done that or if you are

    Using these ones right now and you want to add more margin so you go to details on the far right it’s going to take you here to okx and then you click on adjust margin and then you add whichever you want to now on bitat you go to your Bots

    You go to your account you go to bots you go to Futures marting game which we’re which I am using here whichever bot you’re using and then you click on whichever bot you want to add margin to and then you click on ADD margin right

    Here also here you will be able to see your liquidation price based on the current positions that you have so the current positions you have you can see executing 14 meaning it has basically uh been accumulating 14 positions here right so you have the liquid price there

    Make sure to add more margin to make this lower very very important if you haven’t already done that which you really should have done as I’ve been saying from the very beginning well this is how you do it on okx and on on um bitat and also on okx to see the

    Liquidation price based on current positions remember if you haven’t filled all of your positions then this is going to change as well but here you also can see the liquidation price make sure to not get liquidated and also if you anticipate some more downside because we could see some more downside like we

    Cannot rule out anything if the Bitcoin ETF is denied or um is rejected or whatever delayed you could see some more downside at least temporarily with a wick down and then potentially a big bounce but you have to be able to uh to absorb that so that means you need to

    Add more margin so um yeah that is what I am looking out for right now in terms of Bitcoin and ethereum um for me I think when I look back at this in 6 months three months whatever I think that this is going to be seen as one of

    The biggest buying opportunities if you manage to even catch it here at $40,000 and if for some reason the Bitcoin ETF is denied and you see even lower prices here uh maybe 38 if that happens I’m not saying that it’s going to happen guys not saying that it’s going to happen but

    If if it happens I think that this is and I’ve been saying this from the very very start when I started to talk about my strategy for this Bitcoin ETF decision I I think that this will potentially be seen as one of the biggest buying opportunities here for

    Bitcoin I am buying the dip we will see as you know on my channel I’m completely transparent I share everything with you but uh yeah I’m buying the dip and we will see if that is going to end up being a good choice or not um and as I’m

    Saying that guys look at this look at this already the positions that have been accumulated in the middle of this massive chaos guys in the middle of this massive Mayhem on the way down my trading strategies are right now well all of the Bitcoin uh no not the Bitcoin

    Slow bot but most of about half of the Bots are already in profit looking to take profit so if we continue to see a big bounce towards the upside these ones are going to take so much profit and it will all have been a very very good

    Buying opportunity here but we will see what’s going to happen guys we are prepared for every scenario as I said make sure to not get liquidated make sure to add more margin but it seems like the panic in the market is uh ignited by this Matrix Port um analysis

    That came out and yeah really was just the market just waiting for an opportunity to sell and it just was at all at once and yeah it just led into a Cascade of liquidations and a Cascade of downwards movement for Bitcoin guys I will keep you updated as always got the

    Good the bad the ugly whatever happens with my trading strategies here I will continue to show you if I make a lot of losses here I would show you everything as usual guys but yeah I’m always going to be honest with what I am doing and

    What I see happening in the market guys thank you so much for watching this video and I will see you guys in the next one

    42 Comments

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    2. Like you, I did not expect such a significant drop in bitcoin price, which fell by more than 10% in one hour. But on Fybit the situation itself was successfully traded short, because a trader should not predict, but work according to the situation)

    3. ‘Watch the bows draw back’. … 🏹..🏹….…. 👀

      Bitcoin and Litecoin reward halving supply shock effect coming down the track..…..🌬️…..⛷️

      Last ‘round of halvings’ signaled the beginnings of the 2019 – 2021 price surge!" Bitcoin 2024 reward halving closer every second .⏳

    4. When BTC pumped the EURO dumped which means they bought and pumped it then the us just dumped it as the money flow just went back into the DXY its a back of forth tug of war for money power and control lol SMH whats odd also in the charts GBTC is holding up way better than btc, you can trade GBTC put less money in and get more overall return with less risk only downside cant trade it on weekends or holidays like digital assets

    5. Here's the thing!! One of the Fed. Presidents JUST SAID.!! That interest rate hikes aren't necessarily over!!!!!!!!!

      Charts and charting is great!! I'm a mathematics and since major. Where you chart EVERYTHING. To display what's going on!! Ok..!!

      But Charts don't move by themselves!!! They merely portray the emotional reactions of…P E O P L E!!

      Sooo….if you blindly dont pay attention. To the emotional news reactions of events happening in the marketplace….you'll screw yourself!

    6. This guy is a real scammer with his bots. Now that he’s got everyone on his bots and takes in the referral fees. He’s going to try and get his members liquidated by keeping their positions open. All his profits are already gone. This is a great lesson for all who joined this scammer. What a piece of scum this guy is.

    7. The future of sound money is here. Litecoin (LTC) has been listed as the tried and tested alternative to bitcoin. Litecoin (LTC) is a digital precious metal, a digital commodity, not a security, which cannot be debased, censured, seized, frozen, or confiscated. As a truly decentralized digital commodity, LTC cannot be debased, censured, seized, frozen, or confiscated and it possesses MimbleWimble (MWB) privacy protocol and Proof-of-Work consensus; and both have limited supply of coins: 84 million in case of litecoin, and 21 million in case of bitcoin. Only that litecoin is lighter, swifter, and hugely undervalued against bitcoin. Bitcoin is the money of the kings, litecoin is the money of gentlemen.

    8. HUGE CRASH EXPLAINED? U HAD NO IDEA THIS WAS COMING YESTERDAY AND NOW WHEN YOUR VIEWERS GET WRECKED U ARE LIKE OOOOH LET ME EXPLAIN??? GARBAGE CHANNEL.

    9. mate you don't need to explain as its done this so many times before. 99% of youtube crypto channels are traders. Traders pile on massive leverage and combine that with the very nature of crypto, which is to pump then dump and there you go. Every single influencers that says $100k is coming are full of $hit

    10. The sec may end up weakening its prestige if it misses the etf opportunity to suck in and supervise crypto. This generation is hellbent on creating a trade system that the old mustache petes cant touch. Lets watch how wise the old institutional finance is. Regardless ofhow this goes, the horse is out of the stable.

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