I AM TAKING URGENT BITCOIN ACTION.. THIS NEW DATA JUST BLEW MY MIND…

I AM TAKING URGENT BITCOIN ACTION.. THIS NEW DATA JUST BLEW MY MIND…

there’s a lot of fear in the market right now and guess what Mount gos are about to distribute over 140,000 Bitcoin which adds up to several billion dollars but how much would Bitcoin go down if everyone that received these Bitcoin were to dump it immediately guys the result will surprise you I’m going to go through everything here in this video I’m going to go through what we can expect if everyone are dumping their Bitcoin at once I’m going to go through What’s happen happening with the German government they’re selling Bitcoin but guess what they’re running out also some very key charts showing us something that has been happening previously in the past and uh if it is about to happen again which I actually think is going to happen then uh most people in this market guys they are going to be surprised I’m going to tell you that straight away but yeah very important video today guys we have a lot of things to go over 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 jump straight into Bitcoin so on the 4H hourly time frame first I want to show you this so Bitcoin is right now for the um fourth time here recently trying to go into The Orange Box here and trying to break through it now we have gone above it once and actually on the daily time frame it’s looking like this we went up above it once we had a pullback so the Bears to control again and then we had a big indecisive candle the Bulls to control and uh and well the Bears were trying to well the the bears actually did succeed in bringing us down here but then I would say the Bulls took over and now we are trying to break through this level again so zooming out there’s a couple of things to take note of here first we do have a bit of a pattern of making uh higher lows okay however we also have a pattern of making lower highs so you can see these ones right here but uh if we look at the 1 hour time frame in fact I want to show you something more clearly look at this trend line so this trend line on the hourly time frame this will have to uh we’re going to see a breakthrough from this point so also we do have The Orange Box here so it’s looking normal circumstances I would say it’s looking likely that we’re going to have the break down so we’re going to go down here but just in this instance I am not too sure why because even though yes we have The Orange Box as big resistance we have broken above multiple times previously but then the Bears took control and pushed us down but I just think that we’re at Peak fear in the market right now and I’m going to show you a couple of charts here in a bit showing us exactly this and whenever this has happened in the past well I’m going to show you the data but just remember that later on in the video that is the reason why I think that we could actually and I do think there’s um a more likely chance that we do see the breakout towards the upside guys okay so all of these things considered even though we have The Orange Box here and yes this is a big resistance level considering everything I’m going to show you later on in this video I do think on the balance of probabilities it’s more likely that we’re going to have that breakout towards the upside okay so that is the first thing I wanted to point out second thing is on the daily time frame we still have the very important moving average we have this green one which is the 200 day moving average so uh this one is something that we even if we break through The Orange Box here this is the next level of resistance and you can see that it is also in the same level as the orange line here which is resistance so it’s at $59,000 so this is a big resistance to break through but if we can just manage to do that then I do think we’re in for some nice pumps for Bitcoin now I also wanted to show you this trend line it’s currently at $63,000 on The Daily time frame so this is also important so that would be a logical Point later on as well I want to show you the Bitcoin dollar Min on the weekly time frame because altcoins are having a nice bounce today of course altcoins have been having a brutal um couple of recent months here we’ve been going down so hard on altcoins but if you look at the Bitcoin dominance you can see that we have a very clear trend line here as well so uh the Bitcoin dominance we do have big resistance at 58% so at 58% we do have big resistance but as the ethereum spot ETF gets approved and as I think altcoins are going to see a little bit of a more bullish momentum I do think because I think that in general risk is going to come back to the market okay risk is going to come back we’re going to see once again we’re going to see the same stuff we see in every cycle right so within every cycle we also have minicycle so even though I still think that we’re in a big bull market even within a big bull market you will still have periods when you know you see altcoins underperform altcoins outperform you see both the assets go down altcoins a Bitcoin but I do think that we are going to at some point get into a phase where altcoins are going to start to outperform again and that would be when the Bitcoin dominance breaks down from this point which could happen later it could happen today but we could continue to go up here and this is the weekly time frame so this could extend all the way to like November December we could still hit this trend line um but I do think that we are going to see a breakdown from this and we’re going to see some nice altcoin pumps now we have a lot of things to go over today guys so I’m just going to run past this also uh very important guys the traditional markets they are again making new all-time highs now why are we seeing alltime highs in traditional markets and Bitcoin is going to or Bitcoin is going down well there’s just a lot of fear in the market right now and yesterday the German government they transferred another $900 Million worth of bitcoin now this is very strange and because yes they’re selling we already know about that but also look at this they’re getting some Bitcoin back so they got back about what is that like 80 $80 million they got back from bitstamp here so why are they transferring Bitcoin to exchanges probably to sell but why are they then getting it back from some particular exchanges I do not know I do know that at some point the German government they’re going to run out of Bitcoin and they don’t have that much left they have 23 26,000 Bitcoin left it’s 1.5 billion dollar so I wouldn’t say it’s not a lot I mean I would uh like to get $1.5 billion why not but I’m just saying that this selling pressure from the U from the German government it is going to subside and that is the reason why you’re seeing such fear in the market right now not only the German government also the mount GA so the mount go saga continues and um we could see that the German government transferring $910 million yesterday it moved the price by 3.5% so all of the Bitcoin that is going to be distributed by Mount goau how much is it likely to drop the Bitcoin price so I’m going to go through that just in a little bit here the exact numbers guys but first I want to say that I think that now is the best opportunity to accumulate a position in recent times from a risk to reward standpoint I am going to release a dedicated video going through all of my trades my trading Bots everything uh in a little while so give me just few more days guys I will get that to you but uh for now I’m adding more margin to make sure I’m not getting liquidated and if you want to trade yourself buy a bit up to $30,000 okx up to $60,000 using the links in the description up to $40,000 on bitat and then I also have a DEX so for everyone that do not want to do kyc Avo is the best decentralized exchange out there and they have a unique offer right now I’m going to make a dedicated a tutorial video on AO but you can get a free $300 trade no kyc nothing required the only thing is you deposit $100 and you get $30 you can trade it with 10x leverage so a $300 trade or a $600 trade if you trade it with 20x leverage so no kyc this is time limited and amount limited so only for the first few users so make sure to sign up right now so you are ready when I create that tutorial video and I will go through all of my trades here as well so now let’s go back to the numbers and the data here so we have Mount GA they have 141,000 Bitcoin to be distributed with 95% to be distributed within 90 days so it’s going to those who elected to receive an early distribution in exchange for a 10% haircut so out of those 95% 20,000 go into credit funds 10,000 is going to a New Zealand exchange which is in a bankruptcy process so it won’t hit the market and 65 ,000 is going to individual creditors okay so let’s make some assumptions assume that 30% of 85,000 gets sold which is uh 25,500 Bitcoin assume ga’s creditors sell that 30% in just one scoop rather than spread it through time assume the quantity and price relationship is linear even though it is not assume Germany sells its entire remaining stack in one scoop well then we would have a 10% drop that would trigger a 10% insta dump the market can absorb that so a 10% insta dump so what would that be it would it would be us going down to exactly this Orange Box down here at $50,000 or 51,500 so if we see that guys and I’m not I don’t think that it’s going to happen because I think that we’re reaching a pivotal point right now in which people are looking at this and saying okay German government they are about to be done selling Mount gaau they’re going to distribute this and we will see what happens with that but everyone will be waiting to buy whatever dip happens here and as we go down if we go down and I’m not necessarily saying that we are going to go down because we’ve been going down for quite a while already because people have already priced in the selling of these entities German government and New Zealand and by the way guys at the German government they’ve been selling themselves but it seems like right now they’re actually going to start to use a market maker which is crazy that they didn’t do before but it seems like like so that is not going to have as big of an impact on the shortterm swings of Bitcoin um but what I’m saying here is that even if we do see a 10% drop there’s so many people there’s so many institutions and everything right now just waiting and they are ready they have their finger on the buy button especially as the traditional markets are continuing to new all-time highs every single day Bitcoin is going to outperform the traditional markets guys I think it’s going to happen it’s just a matter of time Bitcoin is going to catch up 15 50% uh conviction I have in that trade so that’s why I’m not worried when I look at my trades and they’re at the loss or whatever because it’s only a matter of time in my opinion not Financial advice wow we have so much more to go through guys um institutions ETFs they are buying the dip yesterday we had almost $300 million worth of inflows into the spot Bitcoin ETFs now here is a couple of very important things okay so what we have here in light blue is the Traders active in the past year and they are up 1.8% on average so all of the Traders on chain that I’ve been trading for the last year they’re only up about call it 2% the traders that are active in the past 30 days they are down about 8% okay why is this important because you want the market to get wrecked in order to get those big entries when the market is as wrecked as it possibly can then most people have already sold and when most people have already sold then that is when you know you get those juicy buying opportunities and when there’s no more sellers left price can only go up and here is the thing you can see that the levels we’re at right now whenever we have had the same kind of low levels when people are absolutely annihilated and wrecked here we have had big pumps following that so you can see that people got wrecked here in January of 2024 uh even the uh yearly Traders and the monthly Traders so the blue is the monthly and this is the yearly you can see that we were at low levels here and then from that point big pumps and by the way this is on it looks like the uh weekly time frame each candle here yeah I think so so you can see that people were wrecked here as well we were in the negative boom went up after that here people were also wrecked took a little while but then this would have been a very good entry as well you can even see right here people were wrecked went up people were really wrecked here in March of 2023 uh yearly and monthly Traders and we went up after that so you can see that whenever this signal flashes whenever you have a lot of people being wrecked then that proves throughout history to be good buying opportunities now let’s continue I have more I want to show you so this is the crowd sentiment towards Bitcoin and uh the sentiment right now on Reddit on for Chan whatever it is telegram uh and on Twitter as well you can see that the sentiment is very very bearish right now and guess what we still have one of the most important indicators here showing us that when the sentiment is this bad when it say this bearish guess what the market tends to pump after that because people are negative people have already sold there’s fud there’s this and that now it’s a little bit of a confusing chart because they have Bitcoin in one color they have B&B ethereum whatever in other colors but let’s focus on the red ones because the red is Bitcoin you can see that we’re very in a very bu sentiment right here red and um you can see that the previous times when we’ve seen this you can see for instance right here very bearish sentiment for Bitcoin and from that point guess what we went up and also when the bull when the sen is extremely bullish for Bitcoin for instance right here we go down so the white line is the price so you can see very bearish sentiment for Bitcoin right here as well that was absolute bottom and we went up so these things they’re all pointing towards us going up guess what I have more so this is the shortterm holder profit ratio and if we’re still in a bull cycle which I believe I cannot I I just cannot see that the top for this cycle was just a few th000 above the previous cycle I’m never I cannot accept that okay we’re going to go much higher so I still think that we’re in a bu market and guess what whenever the shortterm holder profit ratio has been going negative in a bull market then we have that has proved to be very good buying opportunities you can see right here went negative boom bitcoin price went up after that went negative price continued towards the upside negative price contined to upside and such so here we went below it also but remember this was a bare market so if we assume that we’re still in the bull market which I believe then dipping down into negative territory here is an extremely bullish signal and proves to be one of the best buying opportunities in a bull market okay so that is so good and um yeah I will continue to share these charts with you guys very important information and if that was not enough let me show you this Tech Dev chart on the weekly time frame down below you have the NL which is the net unrealized profit and loss which means that out of all of the Bitcoin on the Chain right now how much of those are in profit compared to when they bought it and what you can see is that we when we reach Euphoria when a lot of people are in profit that is typically when people start to take profit and the Bitcoin price crashes you can see it right here went into Euphoria boom crashed down went into Euphoria right here bare Market went into Euphoria here boom went down went into Euphoria here in 2021 and bare Market starts but what you can see is that we have a very similar pattern playing out out so look at this 43 weeks it took from the peak up until us having this pattern of consolidation having this little bit of a thing right here with consolidation and the net unas profit and loss also hovering and creating the same fractal and then finally when we reached our previous all-time high people start to take a little bit of profit little bit of consolidation and then we have the final phase of the market and guess what we’re seeing the same thing and in terms of timeline we’re exactly where we’re supposed to be 43 weeks 43 weeks here previous day as well and then we started to slowly grind up and this is completely in line with what I’m expecting as well as you know guys for months I’ve been saying this summer we’re going to go mostly sideways we’re going to go up we’re going to go down but we’re mostly going to go sideways and towards the end of the summer that is when things are going to start to pick up and this chart if this plays out the same then that means that this thesis is also going to play out so want to show you that things are looking really really good also for um the elections the official Republican party they have all also added to their well to their kind of ideas that they want to implement that and this is the um Republican party is Donald Trump so if Donald Trump wins the election essentially they will end crypto Crackdown no cbdc right to mine right to self custody right to transact freely now guys I don’t I’m not involved in US politics okay but what I will say is that these are very good things for crypto so whatever you think about Donald Trump for crypto this is a good thing so they they will have to yeah they they will have to live up to these things if they actually win the election so yeah let’s see about that I hope that they do obviously because I am bullish and I want I want crypto to succeed and the more adoption the more friendly regulation we get the better obviously and finally what I want to say why are we worried about Germany selling some Bitcoin why are we worried about Mount goau when at the end of the day we’re going to see about $6 trillion from inheritance over um uh over the next 20 years and the crypto is going to receive these $6 trillion this is what they are estimating here of course inheritances uh is going to be more than $6 trillion this just what they assume is going to flow into crypto I think it’s going to be let’s see uh $42 trillion is what people age 21 to 43 years old are going to get during the next 20 years and um we already have numbers here 14% or they want to allocate 14% of their portfolio to crypto so I mean the ETF this is why the ETF was so important overtime guys is just a year after year decade after decade um accumulation from the ETF and uh yeah Bitcoin I think is going to do really really well guys so do not be too sidetracked with the shortterm movements here although I will continue to update you every single day about what’s going on but I think if you zoom out I think everything is going to be absolutely fine so that is my uh big idea for why I think that we’re going to continue to go up here over time and do not get caught up in the short-term price action okay guys that’s what I got for you there was a lot of things to go over today but thank you so much for watching this video and I will see you guys in the next one

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Timestamps:
00:00 – Everything is changing for Bitcoin
01:02 – Bitcoin is at a key point
06:53 – If MT.gox and Germany dumped it all, this would happen
11:10 – Mindblowing Bitcoin charts
15:46 – This chart is insane
17:27 – 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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