THESE GUYS LOST $700,000,000 BITCOIN… NEXT BITCOIN MOVE REVEALED…

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Timestamps:
00:00 – $700,000,000 REKT
00:58 – WTF happened yesterday
11:15 – Trading strategies

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Guys we need to talk about the aftermath of yesterday’s crash $700 Million worth of crypto liquidated gone vanished in the last 24 hours today I need to talk about why this happened I need to talk about what I see happening next are we going to uh come up to $45,000 again or

Are we going to now once this stabilizes a bit which is is doing right now are we going to see another massive drop for Bitcoin here perhaps down to 38,000 guys today I’m going to talk about exactly that I’m going to show you the massive manipulation that happened

Yesterday I will talk about why I think that most participants in the markets are wrong at this very moment also of course massive updates to my trading strategies here so I will update you on that as well so 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 okay so let’s talk about this guys so as you know huge Panic yesterday when Bitcoin went from uh $4,200 all the way down to $40,000 now

This was in one hour it was a 10% drop and some people say like this is nothing this is nothing no this is actually significant especially as people are already on their Edge they’re waiting for what’s going to happen they’re waiting for that price movement so you

Know there was just a lot of interest in whatever happened here and a lot of people acted on this price action now for us of course we uh have been using the trading strategies and I will get into that here soon but first thing what

I want to show you is that look at this on the hourly time frame this is so beautiful we went down but look at the bodies of the candles supported boom right here big bounce Bears try to push us down again boom Big Bounce here as well in fact on Twitter yesterday as

This was all happening actually actually posted hey juicy price action will my red line manage to hold up the Bitcoin price and it was looking like this so this is when we were actually approaching it and then we said or I said is it actually going to save us

Again because we would have this Wick or we were having this Wick and the body of the candle was resting right on the red line here and then I just laughed at this because yes once again the red line saved the entire crypto Market guys my

Red Line no um but seriously this red line um very very important this is why I always tell you that I still think my base case is for this red line to uh to hold up the Bitcoin price because this is such a fundamental support level for

Bitcoin now yes we did Wick down to it briefly but then look at this massive runup and as you know if you look at where the price went after that we actually did come down and hit it once again as well and we got supported and then now we are looking for potential

Some higher prices here so massive drama yesterday guys now before I talk about the next move I see happening in my trading strategies and such let us just go through some of the numbers here so just like I showed you in the intro $700 Million worth of liquidations yesterday

So a lot of people were liquidated on this massive event so a lot of people were playing on Leverage here which is obviously if you do not know how it works and if you do not use good risk management that is a a very very bad

Idea and if you look at the cost for this drop as you know I did an emergency video yesterday and I talked about why we were seeing this drop and it all came from an analytics firm which said that the ETFs are going to be rejected and at

That point you know some of the senior analysts came out you know Eric here said that like uh well we are not seeing these reports like how how do you draw that conclusion that all of the ETFs are going to be rejected and now we have the

Answer my report is not based on any actual sources uh there’s not Insider comments either this is just my personal opinion basically is what he said so basically the entire crypto Market crashed because this guy had opinions about the markets were crashing now Eric and these other guys they’re actually

Using sources they’re looking into sources from within the SEC they’re looking for different things when they post tweets when they make reports or whatever and uh people were assuming that this guy was also doing that but this was just his opinion that the ETFs were going to get rejected and we do not

Know maybe they are going to get rejected maybe not but everything right now is pointing towards the ETFs not being rejected and instead they are going to get approved but the timing was very very particular because just like I talked about in yesterday’s video he released this article saying or this um

Report saying that ETFs are going to be rejected he released it at a point when everyone we’re watching their charts like with open eyes we’re just watching everything that’s going on in the crypto space just waiting to press that sell button right because we were going to

Have that massive event and we’re still going to have that massive event when the ETF is either rejected delayed or approved right so everyone are prepared to sell or buy Bitcoin and then they see that article saying all ETFs rejected and so they start to sell and then you

Have this Cascade you have liquidations you have everything going on so the timing here was very very particular now I’ve talked during the last few days what I think is going to happen if the ETF is rejected if the ETF is approved I’ve laid out the exact scenarios I was

Expecting however one scenario that I was not talking about is the scenario where you have massive fud coming out which this was and I didn’t talk about that because I don’t know um how can you kind of expect all of the fud that is going to come out I had no idea that

There would be these firms pushing F at that particular point and that would have such a drastic effect on the market so yeah that is what happened but right now the markets are recovering and um yeah we’re seeing potentially some more upside here for for the foreseeable

Future at least unless the ETF gets rejected well the good thing right now is that we have a hint of what Bitcoin was going to do if the ETF was actually rejected so something like this massive draw down just like I’ve been saying however also understand that right now a

Lot of the leverage has been flushed out of the market in fact if you go to the open interest right here you can see that uh actually at the top yesterday we were at 20 almost well 19.3 billion do in open interest for Bitcoin right now

We are sitting at only 17 so there’s a two more than two billion dollar difference in open interest that has been flushed out so this shows or this means that the next time you have mass massive moves the market is not going to be as overleveraged and you are not

Going to see as many Cascades to the up or to the downside so that is a good thing in my opinion that some of the leverage has been flushed out right now from the market so now let’s continue to talk about its ETF so we already

Debunked this fud by this analyst and by the way guys Matrix Port which he was writing the analysis for is actually funded by Jihan Wu which if you do not know is a massive supporter of Bitcoin cash and if you do not know Bitcoin cash supporters generally hate Bitcoin they

Absolutely despise Bitcoin this was going on in 2017 2018 mainly and since 2020 everyone forgot about Bitcoin cash uh but back then it was a huge thing it was a massive thing and um yeah these Bitcoin cash supporters absolutely hate Bitcoin so it’s not surprising that Matrix Port is actually co-founded by

Jihan w so and that they put out this uh and try to spread that fun so now let’s look at what’s actually been going on here with the SEC well what we do know according to sources here is that the SS has been sitting down with the exchanges

So the NASDAQ C and New York Stock Exchange to finalize comments on the uh kind of application submitted by the Bitcoin spot ETF issuers so why is this important well this is probably not something that you would do if you were going to deny or delay you not have

Meetings you would just delay delay it or deny it we’re hearing similar by the way and why why when we see updated final amendments roll out it is a sign that the approval is imminent as the SEC has been doing back and forth with issuers offline to perfect their their

Uh kind of applications so as we know the SEC has been meeting with these um ETF providers they’ve been trying to get them to kind of um influence the actual applications and why would they do this if they did not have intentions of approving these ones so for me I still

Think that we are and this is also according to sources sources close to the proceedings say that the S could begin notifying issuers of approval on Friday with trading beginning as early as next week so I think that we are going to see the Bitcoin ETF approved if

We do not see them being approved well as you know you already know my scenarios I’ve been talking about in my last couple of videos but I still think it’s likely that we are going to see those ones being approved so that is fine and uh still looking pretty good

For the uh for the future by the way guys if you look at the people that do not own Bitcoin right now do not own any crypto at all H this was a poll by 1,500 Americans and they said with the spot Bitcoin ETF being approved 21% of those

Would uh now start to buy Bitcoin that would invest into Bitcoin right so if you assume that 25% of people that do do not own Bitcoin right now 25% of those are going to start buying when the Bitcoin ETF is approved so this just goes to show that over time this is

Going to add more buy pressure for Bitcoin so that is absolutely fantastic now let’s talk about uh well before we talk about my trading strategies let’s first talk about uh ethereum and the traditional markets here so ethereum you can see on the daily time frame ethereum

Is still trading with this this range so that is you know very very interesting that we’re still in within this range for ethereum yes towards the bottom of this range but this Orange Line held up the ethereum price as well on the daily time frame so that is very interesting

To see for traditional markets we’re actually seeing a quite significant downtrend for the S&P 500 here so you can see we have this channel down since breaking basically this triangle formation here at the top and this is where I said that I do think that this is the local top for the traditional

Markets and that we are going to see some more downside for this but I do do not think it is going to affect Bitcoin and I still stand by that I do think that well now we have already had a pullback but I don’t think that this is necessarily affecting Bitcoin that much

Because Bitcoin is a beast of its own right now at least until the spot Bitcoin ETF is approved now let’s talk about the big stuff and that is actually my trading strategy so what happened as you know when I made my emergency video yesterday uh all of these Bots had

Accumulated all of their positions so they have been buying the dip all the way way down here they were buying all the way down and this is the beautiful thing with using these trading strategies the most important thing though to add margin and as long as you

Had added margin and as long as you believed that we were going to eventually come up higher right that we would have a big bounce and that you are bullish on bitcoin what you would be doing and just like I was doing here you just can take a moito just watch the

Panic unfold you are comfortable with your margin you’re comfortable with buying the dip and you already had your plan from the beginning you are not reacting to this like oh my God what is happening what’s happening oh you already have your plan from the beginning and these trading strategies

Worked out very very well now all of these positions have been taken profit except for two that is the ethereum fast bot and the ethereum cycle bot in fact those ones are still sitting at pretty juicy floating losses here meaning the positions that they have been accumulated uh accumulating on the way

Down here are still sitting at a loss now in total of course they’re sitting at massive profit but all the other Bots all of the Bitcoin Bots and the ethereum slow bot made such huge profit yesterday because what they did is they accumulated on the way down here and

Then they took profit on the way up exactly as you make the most amount of money in crypto so for everyone that just were using these ones and had added sufficient margin in general you made a lot of money on that balance instead of losing a lot of money here on this

Downtrend so that is fantastic now what is the plan with these ones that uh are not um or haven’t taken profit yet namely the ethereum cycle and the ethereum fastbot well I’m just going to wait H if the spot Bitcoin ETF is approved then they are going to reach

Their take-profit price and um that is that but for my next batch of bots guys what I am going to do is I will probably use only Bitcoin because now we have a lot of data I’ve been using these trading strategies for for over a year

Already and by the way guys this is the profits you’re seeing here is just the latest batch these ones have been open for a few months but uh you know I’ve been using all of these ones closing and opening Bots for for over one year already and I will use Bitcoin moving

Forward uh because right now we are you know we’re getting higher and higher in terms of our prices and the higher we go the bigger the potential draw Downs are also going to be now I just want to make that clear the only reason is also

Because when you see a drop for Bitcoin usually ethereum goes down with it but ethereum goes down much lower so instead of taking profit on that bounce we are now stuck with these positions which I do not mind in this particular case because I still think that we are going

To reach the takeprofit price for these particular Bots for ethereum also but moving forward and a lot of people are you know very stressed seeing you know 13 out of 13 orders being um being filled here and they do not want to see like a big floating uh loss here also

This kind of makes it a little bit skewed because as you can see all Bots have been taking profit except for ethereum so if I only use Bitcoin then you know it’s not going to be so uncorrelated it will be more correlated and uh I think that that is a

Good thing but I will keep you updated on that guys I will let you know more in coming videos about that now for my bots on bitat still the same as on the bots on okx because they’re using the same settings so ethereum fast bot is holding positions the ethereum cycle bot is

Holding positions all other Bots have taken profit already and on the second account also of course same here so basically all in all big profits were made for us on this pullback and on that balance in general now the only final thing I want to see is for the uh uh

Yeah the Bots that are holding big positions here for ethereum to also take profit so we will see about that guys if you want to use these trading strategies you can do so on okx you can try that first claim up to $60,000 first clicking on this link right right here click join

Now and then once you have signed up you can use the Bots using one click with these links in the description if you want to use bitat if you cannot use okx then click here sign up $8,400 in deposit bonuses and then scroll down and click on there’s actually this one is

Full but this second link has still 56 spots left so a lot of people actually jumped of the like closed their Bots yesterday and took profit that’s fine so that means that there’s 50 six spots left here currently on this second account so if you want to use those

Click on that link click subscribe and then use whichever Bots you want to use here okay 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