BITCOIN HOLDERS: THIS CRASH IS NOT WHAT IT SEEMS… I AM TAKING URGENT ACTION….

BITCOIN HOLDERS: THIS CRASH IS NOT WHAT IT SEEMS… I AM TAKING URGENT ACTION….

Bitcoin continues to go down and in today’s video guys I am taking urgent action I’m going to utilize the same strategy which we used to catch the bottom at $166,000 in the previous bare market so guys make sure to stick around from the beginning until the end I will talk about why we went down we’ll talk about a couple of different key metrics you need to know about welcome back everybody my name is Chris bringing you cryptocurency 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 what can we see guys we can see that if I jump over to the 4H hourly time frame you can see that after trying to break through The Orange Box at the uh $116,000 level sorry at the $63,000 level obviously um we actually uh didn’t manage to do that instead we had a significant pullback and uh we actually went as low as to my orange box at $58,000 so from this point you can see that we did have a big bounce we actually went up to 59 again and closed above the orange line right here but since then we have once again lost this level and now The Orange Box at $588,000 is trying to hold up the Bitcoin price here so this is really really interesting and uh you can see that we still if we just zoom out in fact let me show you here if we just zoom out you can still see that we are going sideways since February of 20 24 however now we are at a very key point because you can see that we’re on the brink of losing this level potentially and the next uh significant level on the way down here is at about 45 46 if you just look at this chart but there is a couple of uh more interesting things I need to talk about when it comes to my strategy and what I am personally going to do here so as you know guys I’m obviously using my trading strategies and uh some of them are actually trading at higher levels so they have already accumulated the big positions and I’m waiting for Bitcoin to Rally some of the Bots are trading this volatility but since we’ve been going down obviously they’ve been accumulating more and more Bitcoin and uh a bigger position as we have been going down apart from that also I entered into a trade I think it was at $63,000 let me see here yeah $63,600 so this one is also at the loss so what I’m doing now is I’m adding more margin to make sure that I am not going to get liquidated because I do think that some of these trades could turn out to be some of the most profitable trades I’ve ever made on the channel why do I think so well let me go back to uh a couple of I want to say years ago but uh it was more like one year ago and I want to show you actually let me turn this on again I want to show you what happened when we lost the $330,000 level when I said here when we lost the $30,000 level H here in 2022 I said that I am now going to accumulate on key levels so what I did is I added one order here at $30,000 I added another one at 22 and we went down to this Orange Box right here we contined to go down and we actually hit 17,000 here and then ultimately I held those positions and this was for a long long while this was from May 2022 and then finally in November of 2022 we went down to The Orange Box at $115,000 and here I accumulated heavily so I continued to add to that position I added more Bitcoin the lower we went because I thought that this was a very undervalued trade to take not a lot of people were’re taking this trade because a lot of people were fearful in the market but I continued to accumulate and all of this was obviously documented on my channel and uh we accumulated even more right here and then from that point we went up and we hit that alltime high eventually obviously but the point is that I accumulated heavily from $30,000 and in every single Orange Box leading down I accumulated even more so my average price right here would have been somewhere around I think 22 2 $3,000 and then we were able to take profit on the way up and why do I bring this out well because I am now going to do the exact same thing I think that right now Bitcoin is extremely undervalued if you look at the traditional markets by the way guys the traditional markets made a new all-time high yesterday if you look at traditional markets it has been going on a rampage and yes there’s Peak fear in the market right now people think that the US are going to dump Bitcoin people think that mount go are going to dump there’s just so much fear in the market and guess what the fear in the market you’re seeing right now it is at the same level as the FTX implosion level so miners are capitulating in the same manner as during the FTX implosion and by the way guys the FTX implosion was when we hit that $16,000 level for Bitcoin as well so you can just see how these extreme events they actually bring out the best buying opportunities as well now what do I think is going to happen here do I think that we’re going to go below $58,000 do I think that The Orange Box here is going to hold I do think there’s a decent chance that The Orange Box is going to hold up here but of course we have to also entertain the possibility that we could lose this level and at which point the next level would be well you have a support at 55 but then the next major support would be at $51,000 so what I’m going to do guys is I’m going to do the exact same thing as I did previously so when I started to accumulate at $330,000 I added at 22 I added at 16 I’m going to do the exact same thing I’m not necessarily saying that we’re going to go down to any of these lower levels but if we do then I will be adding even more Bitcoin to my trade because I do think that Bitcoin is right now seriously and heavily undervalued and uh for altcoins it’s a little bit different you still need to be careful with altcoins because altcoins have massive token unlocks and yes altcoins are going to have a balance at some point and altcoins are going to provide the most amount of gains in this cycle eventually if you manage to pick the right ones but in general I do think that we’re going to go sideways and potentially just uh range for another few weeks and then towards the later parts of July I do think that like end of July I do think we’re going to start to go up again for Bitcoin but until then I will add another so I already added an order at $63,000 as you can see here what I will do is inside of this Orange Box I will add a little bit more I will add a little bit of 55 and then significant amounts I will add at 50 not saying that we’re necessarily going to go down there but if we do I will add those uh positions I will add that if we go down and then I will continue on the way down should we come any lower I will show you everything here on the channel guys so we will see if that is going to be profitable or not as always I am am transparent with you just like I said we’re ranging right here on the weekly time frame so you can see we’re going sideways we’re trying or my orange line is it’s not really an orange line it’s just a general trend line this one was previously up here and you can see that we have lost this level so potentially the new range that we’re going to trade inside of is going to be this one but uh yeah um you can see that uh towards the downside since we had big green candles towards the upside here uh the next level of significant consolidation would have been here at $44,000 if you were just looking at the recent price action obviously if you go back to previous times you do have some more consolidation levels here as well another thing that happened yesterday guys is that we took out a little bit of Leverage not significant amounts you can see that we had some leverage being taken down right here when we went down for Bitcoin right now there’s not any you know super big levels of targets in terms of liquidations you do have potentially a short squeeze if Bitcoin is to pump up to 60 $61,000 again if we pump to 60 $61,000 then we take out this we have a little bit of a short squeeze we have a pop towards the upside but uh yeah um we’re still you know ,000 $2,000 away from potentially reaching those levels now in terms of the last 24 hours you have almost $300 million worth of liquidations so uh yeah that is why you saw a little bit of a pop towards the downside as well it was definitely fueled by Longs being liquidated and just being overleveraged as well as always guys be careful with leverage but I’m going to show you this trade and let’s see if it is going to be as profitable as the one we accumulated all the way down to $116,000 and of course if you want to uh trade yourself as well you do have the best deposit bonus available out there buy bit up to $30,000 if you use this link up to $60,000 on okx if you use this link and bit cat up to $40,000 if you’re using this link as well so 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

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Timestamps:
00:00 – Intro
00:30 – Bitcoin Analysis
01:58 – I am taking action now
08:10 – More crypto news

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**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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