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Most people in the crypto Market are wrong about Bitcoin and crypto and the next major move that we are going to see guys today I am going to talk about what I see happening for Bitcoin and crypto in general I will talk about why you’re are seeing this downtrend right now when

Is it going to stop I’m going to talk about the uh other factors influencing the Bitcoin price right now and what I see happening for the next few months guys you need to watch this video from the beginning Until the End welcome welcome back everybody my name is Chris

Bringing you cryptocurrency videos every day teaching you how to make money in this market if you new to the channel then make sure to subscribe and activate the Bell right now and what we have seen since my last video is that we have actually broken down from this red line

Here very clearly right now and what I now expect guys is I expect us to consolidate for a bit inside of this Orange Box right here now as you know guys I thought it would have been a 50% chance for us to stay above this red

Line a 35% chance that we could go down into this and then a 15% chance that we would go down to $38,000 right so right now that we have seen this drop I still stand by my opinion that every single drop here is a good buying opportunity

And I will show you why in a bit the first thing though is if you look at the daily time frame you can see some very clear things if I flip on Deluxe algo right now now the first thing is that the Lux algo has given us a signal that

The bullish momentum at least in the short term here is petering out okay so the massively bullish momentum that we had since it gave us this uh bullish signal down here at $228,000 has now turned into a little bit more of a Slowdown now this doesn’t mean sell everything you’ve got right

Now according to the Lux algo no what it means is that we are most likely going to have a period of cons consolidation a little bit more potential downside and uh that is the most likely scenario according to to the signal here and what I see for the market so kind of similar

To what you saw right here you saw the same uh you saw the same signal right here showing us that the bullish momentum had came to a close and it gave us this one and then what you saw is some more downside not particularly much

I mean from this candle we went down an additional like 4% to the bottom but look at this map massive buying signal though so we uh went sideways for a little bit until it gave us the bullish signal right here and of course off we

Went so you can see the same thing here it gave us this signal that the bullish momentum was coming to a close we went sideways a little bit down until it gave us this bullish signal right here and we went to the upside and uh okay here we

Did see this signal right here and then we went down a little bit further and then we saw a bullish signal and we went up um but yeah and this one this sell signal not really sell signal but this bearish signal right here and then we had consolidation for a very long time

Until it finally gave us the bull and then off we went so basically all in all what this means this signal right here is that we are out of the bullish momentum we had for the short term and we’re most likely going to do something like this until we get the uh bull

Momentum back into the market at which point you are going to see uh this one this uh bullish momentum signal and after that we’re most likely going to continue towards the upside so some consolidation here guys is not bad at all so let’s keep our eyes on that and

Apart from that also on the Lux algo guys we are right now inside not only are we inside of my orange box right here we’re also inside of the whale bu levels so what you can see see here is the levels in which whales typically buy

And you can see that on the Lu algo here we are right on the edge of it right now this is something I’ve been talking about and uh I’ve also gave you the heads up here as we were going down that we did have this uh whale buy zone right

Here so whales are stepping in and accumulating at this point let’s see if this is going to be together with the orange box right here enough for us to maintain here and just go sideways until we have some more bullish action towards the upside so that is what I am watching

Right now guys uh apart from that on the traditional markets and this plays into the reason why we’re going down so traditional markets are going up which is absolutely fantastic and why is this fantastic well because if you look at one of the key reasons why we’re going

Down right now it is the grayscale uncertainty and the grayscale selling so you’re still seeing every single day you’re seeing like 5,000 10,000 Bitcoin that’s hundreds of millions being sold into the market every single day by gray scale now this is going to play its course eventually okay So eventually the

People that wanted to sell they would have already sold and then you are going to see all of these bullish catalysts which you have right now because you do have certain bullish catalysts one of them just like I told you the traditional markets is close to an

All-time high again and this is good for the overall liquidity in all of the markets which is going to lead into higher prices for Bitcoin eventually as well well now if you look at the dollar Index the dollar Index on the weekly time frame since hitting the support

Right here the dollar Index had three weeks of massively bullish action until it got into my orange box right here okay and you can see the last time we went into my Orange Box we got rejected so the dollar Index started to go down after that and here’s the thing guys I

Think that the dollar Index is going to continue to Trend down over time and that’s this is also going to help with the uh liquidity in the market which is going to lead into higher prices for assets and for Bitcoin this is why short term yes you’re seeing downturns for

Bitcoin but this is only a matter of time until this turns around is it going to take two weeks is it going to take 3 months well we do know this year we have the election year which is typically very very bullish because all of the um

People running for office and stuff they want to have a bullish Market to support their campaigns and such so that is one thing next thing you have the Bitcoin having in just a few months so you have a lot of very important things happening this year guys which I think are going

To lead into higher prices for assets in general and definitely for Bitcoin as well and if you look at the ETFs that have been launched here recently and you compare it to bitcoin the most uh bullish or the most successful ETF that has been launched in the in the recent

Years is this particular one it’s actually called buffer ETF so what you can see here is that look at the assets and how it grew over time so basically took it five years to go from uh from zero assets under management to $3 36 billion worth of bitcoin under man sorry

Worth of this asset uh under management so what this shows us is that Bitcoin has had the Bitcoin ETFs I should say have had a massively successful start because they are already at billions of dollars on under management and it took these guys much more time to actually

Reach that so it is bullish and it is going to play out over time and I have no reason to believe that Bitcoin is not going to see higher prices and if you look at the bull market support band which Benjamin cow and all uh usually

Talks about and this is also a massive support level this is currently right around $37,000 approximately uh 36 37 $38,000 this might reach once this is on the uptrend as you can see here so typically we go down and we find support of this

One you can see it right here can see it right here as well resistance so uh yeah this also shows us that we’re most likely not going to go down below $38,000 we could have one in my opinion final draw down here I don’t think that

We are going to go below $38,000 I don’t think that we’re going to see $334,000 like a lot of people in this space are claiming right now so this is just my opinion guys and if you have the opportunity to get Bitcoin at these prices well that’s like uh that’s like

Christmas presents for you there so this is what I am watching right now also on altcoins they have taken a massive massive beating here so altcoins are also seeing good buying opportunities you’re able to get these ones at prices which you weren’t able to see for over a

Month ago so um keep your eyes on that as well for my trading strategies uh ethereum strategy are still doing pretty well however for the Bitcoin strategies you can see that uh yeah we do have current positions right now on these Bitcoin strategies and it needs to have

A massive pump Bitcoin needs to have a massive pump for me to reach the take profits on these ones but I’m going to continue to hold these ones because I do think it’s only a matter of time whether it will take two months 2 weeks 6 months

I don’t know we will see guys but I do firmly believe that eventually we are going to reach the take profit prices on these ones and as always guys you will be able to see everything on my channel I’m 100% transparent with you but what I

Might actually do is just uh restart a new batch of these ones I will keep these ones but just restart a new batch of Bitcoin Bots just so that we can take advantage of the uh volatility here just like these ones have been doing very successfully up until now so be on the

Lookout for that guys I will talk about that in a separate video and of course if you want to use this trading Strat IES or learn more about them go to the top of the description of this video click on this link right here it’s going

To show you everything you need to know okay guys that’s what I got for you um oh actually if you want to also use Deluxe algo which I showed you previously uh you can use it right here you can get it with 20% discount with this link right here for deluxe algo so

That’s what I got guys thank you so much for watching this video and I will see you in the next one