WARNING! THEY ARE DUMPING $3 BILLION BITCOIN! [This is when we will see Bitcoin pump again….]

WARNING! THEY ARE DUMPING $3 BILLION BITCOIN! [This is when we will see Bitcoin pump again….]

Bitcoin is still going down as we see interest in the crypto markets slowly go away and also you have one of the largest Wales holding more than 50,000 Bitcoin which is more than $3 billion at current prices they are dumping Bitcoin into the open market today guys I need to show you a couple of very important charts showing us what the next major move is going to be for Bitcoin we have some onchain data we have a lot of things to talk about today guys so make sure to stick around from the beginning until the end of this video 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 what we can see for Bitcoin guys is that after going up and trying to break through my orange line at 66,500 we have had another rejection so we had the first rejection right here we came close to my Orange Box and that is when the Bulls stepped in they pushed us towards the upside but the Bears again to control at this resistance level at my orange line at 66,800 again pushed us down and now we are at the same price in which you could have gotten Bitcoin at on this drop right here however look at this we are very close to my orange box right now and what I’ve been saying is that I think that there is a pretty good chance that The Orange Box is going to hold up the Bitcoin price here in fact what I am going to do personally is I am going to enter into a Bitcoin trade right here at the Orange Box should we come down and dip into this box well I will start to scale in just above here I will start scale in and then I will accumulate the bigger bag as we’re getting into The Orange Box because I do think that this is a decent chance that we’re going to hold this level so that is what’s next for my own trade for ethereum and I will talk about why you’re seeing this very clear downtrend guys you can see it very clearly like this okay so you have this channel down so very very clear so one thing is going to have to break in fact Let Me Maybe I should use another chart in fact for this so this chart right here what I wanted to show you is a very clear downtrend here on the daily time frame so you got that you have got this so you can see it’s very very clearly so we are going down however if I jump back here you will see that we have The Orange Box right here so we’re at the point in the next few days we’re going to have to make a decision are we going to break this downtrend you can see very clear downtrend from the 5th of June on The Daily time frame very clear downtrend are we going to break this and go towards the upside or are we going to break The Orange Box towards the downside because we cannot you know be in both we cannot be both in this downtrend and above this Orange Box because the downtrend itself is taking Bitcoin down so we will either have to break the down Trend and have a pop towards the upside or we will have to break The Orange Box and then we will have a pop towards the downside so I’m watching this very very closely but I still think that there’s a decent chance that this Orange Box is going to hold in fact this is what I am trading so we will see if that is going to be the case or not and as I’m saying that Bitcoin is having a little little bit of a rund down here and going down a bit lower so that is all fine overall if we just zoom out we can see that the overall uh state of the market right now is still sideways action we’re just going sideways we have been going sideways since the middle of February essentially we have been going sideways so we continue to do that and people continue to get more and more bored about the market it’s say like they jump from Bitcoin to another altcoin to something something else and um yeah this is what is happening and this is the time capitulation so we have had price capitulation price going down but now we’re having that time capitulation meaning that time we’re just going sideways and time is taking its toll on people and people are selling off their crypto and they’re getting bored so we have that in its full effect right now so what I wanted to show you also ethereum so etherium has gone sideways a little bit here as well recently after having this pump here based on the the uh ETF news so we’ve been going sideways that is all good and I do think that ethereum is going to do pretty well once the spot ethereum ETF launches for traditional markets we have had u a new all-time high three days ago or actually two days ago and um yeah we have now had a little bit of a pullback but traditional markets they continue to look pretty pretty good and what we’ve seen throughout history is that when traditional markets are going up it’s only a matter of time until Bitcoin catches up with them now let me talk about one of the largest whales out there who is selling Bitcoin into the open market this is the German government now how much Bitcoin do they have and why do they have it so they have uh let me see here so they have 60 sorry about 50,000 Bitcoin not 50,000 anymore because they sold a little bit already but in total they have 47,000 Bitcoin which is worth currently about $3 billion why did they get this well they acquired it from some um some website some piracy website that was active in 2013 so they got a lot of Bitcoin in 2013 when Bitcoin was not worth a lot and so they have that and the U uh sorry the German government seized it and now they are starting to sell it so yes they do have a lot of Bitcoin to sell into the open market guys so this is also part of the reason why we are going down right now because they are still starting to sell in fact they sold $425 million on uh Wednesday and yesterday Thursday I think they sold $12 million so they are selling and uh this is definitely taking a little bit of a hit on the market as well if anything also it is spreading a bit of fear in regards to what’s going to happen to the rest of these Bitcoin but for me guys the sooner we get these things out of the way same with Mount go same with all of these um situations where you’re going to see supply enter the market let’s get it out of our way let the uh the German government sell these if they want to sell these let’s get it out of the way and then we have it out of the way and we can go towards the upside but um yeah it is definitely taking a little bit of a hit on the market now Michael sailor and Michael strategy at least is continuing to buy more Bitcoin they bought almost $800 million worth of uh Bitcoin so so this happened um two days ago so they purchased it and their average purchase price actually is $36,800 so they have a very good um average purchase price and he’s going to continue to just buy more and more Bitcoin so it is at the very least offsetting part of uh the funds that the German government are selling into the market so that is all good now I want to show you this chart so this is the Bitcoin price on the month monthly time frame however this is an inverse chart meaning the price goes from lowest at the top to higher at the bottom so essentially when bitcoin price is going up it means that this chart is going down and it is just to paint a more P clear picture here to illustrate it a little bit better so what you can see is that right here we have the RSI and we typically hit the RSI level a couple of times here but look at the chart above so you have this Rising wedge and then you hit the RSI you hit this trend line you have consolidation and then look at this we started to fall off a cliff here and Bitcoin went from uh 1,350 all the way to $20,000 obviously this is 2017 so then we go into the bare Market we go sideways and then we go down we have another one of these uh wedges so we’ve had this wedge already gone up we hit RSI just like we saw right here and now we are potentially at the same point in which you were right here and then if history is any indication of the past if history repeats here or does anything similar it would mean that Bitcoin would fall down here meaning Bitcoin would rally and have a massive pump towards the upside now this is on the four week time frame meaning the monthly time frame so each candle here is one month so that means that we could have a couple of very explosive months uh potentially very soon leading into a a massive Peak for Bitcoin and then potentially we enter into the bare market so just wanted to point that out also bitcoin price cannot really go into a rally unless the hash ribbons recover so what is the Bitcoin hash ribbons this is the hash rate on the chain for Bitcoin so how much hash rate are the miners contributing now we know that miners are having a hard time right now and many miners are shutting down they’re going into bankruptcy okay so a lot of miners are shutting down and this is what is being Illustrated right here if Bitcoin is to have a massive rally then hash rate also needs to recover and hash rate cannot recover until we have gotten these unprofitable miners out of the way so this is also something to keep our eyes on I will continue to update you as always in other news you have the FED saying that we don’t need annual inflation to hit the 2% before rate Cuts they’re starting to get more optim Mystic and also what you’ve got Is MeMe coins dominance going down so more money is going out of meme coins so maybe the crazy kind of exuberance the crazy stuff that was happening with mem coins recently maybe that is chilling a little bit and we are potentially about to see money flood into uh projects that are actually contributing and that are doing something for the space and that are generating revenue and stuff like this let’s see if this is a trend shift or if it is just temporary so we will see about that and also if you want to get the best deposit bonuses available outter buy bit up to $30,000 okx up to $60,000 bitat up to $440,000 so make sure to take advantage of these ones right here okay guys that’s what I got for you thank you so much for watching this video and I will see you in the next one

TRADE TOGETHER WITH ME:

ALL MY TRADING HISTORY:
https://bit.ly/3Swx9Ft

📸 Follow me on Instagram:
👉 https://www.instagram.com/satoshistacker_chris/
@satoshistacker_chris

MASSIVE BONUSES BELOW!

🔥BYBIT
👉🏼 https://bit.ly/bybitenglish
– CRAZY SIGN-UP BONUSES OF UP TO $30,000 ON YOUR NEW TRADING ACCOUNT!
– SIGN UP TODAY AND TRADE ON THE BYBIT LINK ABOVE

🔥OKX
👉🏼Claim $60,000 BONUS: https://bit.ly/3O9H4hp
-CLICK THIS, THEN CLICK “JOIN NOW”
-FOR FIRST-TIME DEPOSITORS
-VERY LIMITED OFFER. JOIN TODAY.

🔥BITGET
👉🏼 https://bit.ly/3fi5WoF
– INSANE – SIGN-UP TRADING BONUS of up to $40,000
– Sign Up on BITGET LINK Above and Trade for this BONUS!

🔥LUXALGO
👉🏼https://bit.ly/2PgeNdI
-BEST TRADING TOOL AVAILABLE
-UP TO 20% OFF WITH MY LINK

~~~~~

COPY MY TRADING STRATEGIES(FIRST SIGN UP ABOVE)

OKX : https://bit.ly/4b9qBD7 (BEST EXCHANGE)
Bitget : https://bit.ly/48OCiNx (FEW SPOTS LEFT)

Bitget First account: https://bit.ly/3SqkJ1S (FULL)
Bitget Second account: https://bit.ly/46Ho6Vt (FULL)

JOIN MY FREE TELEGRAM CHANNEL(LIMITED SPOTS):
https://t.me/satoshistacker_premium

~~~~~

Timestamps:
00:00 – Intro
00:40 – Bitcoin analysis
05:01 – This whale is selling $3,000,000,000
06:49 – He bought $800,000,000 Bitcoin
07:25 – Huge Bitcoin chart

⛓️ 🔗 Useful Links 🔗 ⛓️

KEEP YOUR CRYPTO SAFE!
BUY LEDGER:
https://bit.ly/37WfIJa

-$Binance: http://bit.ly/3tKyzxs LOWER FEES!

MY CHARTING TOOL:
https://satoshistacker.io/tradingview

BEST PORTFOLIO TRACKER:
https://coinstats.app/refer/satoshistacker

$100 FREE BONUS AND PASSIVE INCOME:
http://join.swissborg.com/r/christPZCD

~~~~~

●▬▬▬▬▬▬▬▬▬▬▬Social▬▬▬▬▬▬▬▬▬▬▬●
Telegram: https://t.me/satoshistacker_premium
Twitter: https://twitter.com/StackerSatoshi
Email: realsatoshistacker@gmail.com (ONLY BUSINESS)

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.

This information is what was found publicly on the internet. This is all my own opinion. All information is meant for public awareness and is public domain. Please take this information and do your own research.

bitcoin, cryptocurrency, crypto, altcoin, altcoin daily, blockchain, decentralized, news, best investment, top altcoins, ethereum, tron, stellar, binance, cardano, litecoin, 2019, 2020, crash, bull run, bottom, crash, tether, bitfinex, rally, tone vays, ivan on tech, chico, video, youtube, macro, price, prediction, podcast, interview, trump, finance, stock, investment, halving, halvening, too late, when, fed, federal reserve, interest rates, rates, cut, economy, stock market,