MMCrypto
VIDEO TRANSCRIPT
Today for the Bitcoin price, what the heck did just happen here? Bitcoin dumped all the way down from nine thousand seven hundred U.S. dollars in a matter of minutes, down to eight thousand U.S. dollars. And, of course, guys, the very important question to ask right now with the HAFID coming up in two days, in less than two days, is this dump already over? Or will we see the miners dumping the Bitcoin price down even more here leading into the half? Or is this price level, the eight thousand U.S. dollar price level, which we call the most important price level at all? In this video and many other videos a week ago when we recorded this video, it was the most important resistance. Right now, becoming the most important support is the fact that we so far bounce significantly. Consider to be good and we can still look out for price targets here around the ten thousand five hundred U.S. dollar levels. Guys, we will pull out some guys. We will pull out some very, very important indicators to look at right now before the half. To answer all these questions, we will give you a specific price target. We will also show you why. According to the stock to flow, model, we are exactly but pretty much exactly where we are supposed to be. And we will also show you where we are very likely to get to within the next few months. Guys, you for sure do not want to miss out on that. And in the end, we will give you an exclusive update for our trade to a completely transparent guy. So make sure you take a seat. Make sure you scroll down. You smash the belly button. Even though we are seeing this read price action right now to at least two thousand five hundred 3000 likes. And that being said, welcome, professor. Welcome back to our Krypto. My name is Chris. And as always, we are really pumped to go straight to the content. Okay. We are here for all the candidates for the Bitcoin price. And of course, we want to determine now whether this dump is already over or if we can still expect much lower prices here for Bitcoin with this kind of sell the news event if you want to call it like that. And of course, I want to put something out. Well, if you watched the last episode, we expected to dump. But I want to be brutally honest here. I did not expect the dump to come that soon. And I didn’t expect to end for it to be that severe. But it is what it is. And we have to pull out the charts and see what is happening here right now. And I want to calm you down already because this specific price level we actually stop dumping is perfect. It is actually extremely healthy looking at it here right now, ex-post, because as the first thing if we pull out that people not sure retracement level and this is actually the one we have put out multiple times before, from the swing high to the swing low, you can see that we stopped you exactly in the golden pocket. So when the bitcoin price on the run-up is being rejected at the golden pocket, this is considered to be not a very good sign. And you can see also here, Bitcoin was just smashing through and you saw the follow-through. However, if big condoms down and get here supported by the golden pocket, this is considered to be a very, very strong and bullish signal here. Of course, we have to give it a little bit more time because this dump just happened literally a few minutes ago. But I want to go here a little bit deeper and show you all the confidence coming together for this. I do want to go here on the daily chart. And if we go to the daily canvas and we pull out the very, very famous 100 days and 200-day moving average, as you can basically see that they are not only converging but that they are in perfect confluence here with the price target. We were actually dumping down two. And let me put this out here, not only because of the Fibonacci retracement level, the golden pocket where we were supported, also because of the hundred and 200-day moving average. We are supported right now. In case we stay above this level on the weekly, which is today and also in the next week, very important during the half, there can be some selling pressure coming from exchanges from minus. Also, of course, sometimes minus one to sell a little bit before the halving because the days afterwards are not all too profitable. So it will be important and the key to seeing how the Saturday evolves, how the sun evolves, and also how the next to them week evolves. But so far, everything is fine here, with us being supported at the 8000 U.S. dollar levels, putting out the V.P., V.I. and zooming out you to the most relevant range. You can basically also see that also here on the daily on the V.P., V.R. become was dumping down and is supported here at the biggest cluster of support, actually also at the V.P., V.R. point of control over here. So far, so good. So far, this is the most healthy retracement we could actually see. Even though that had happened within 50 minutes, it’s a little crazy, but we are. Sunday, it’s very easy to dump here, especially with all the boats and especially with all the locks which were here in this game. And let me go to confirm that online. And you can basically see that right now, the bullish sentiment, the very greedy sentiment with the majority being in longs here has been switching to the majority being in shorts not only within the last 24 hours but also within the last one hour. And now the majority being a little bit more on the bearish side, sheds a little bit more light, especially if you keep in mind that we were supported at this very significant area here. And now, guys, we of course, before I also I will show you our trade in the end, how it looks like right now. You do want to stick around for that. It might surprise you a little bit, but before I do that, I do want to pull out, of course, some nice oh, by the way, I look at this. We dumped down within 50 minutes. Just incredible. I mean, this is crazy. So let’s go to the daily. And I want to bring out some some price targets, of course. Guys, we owe you that. And if you pull this year once again, but from this ringside to the swing low, then you can see here we were rejected at the golden pocket. And we mentioned previously it is not the most bullish thing, especially here, forming this kind of triple top here on the daily cannulas. So, of course, guys, it is bullish that we were supported at the 8000 U.S. dollar level, which we actually mentioned as to be the most important and significant level here. Way back in many, many videos. But on the bearish flip side, it is not very nice to see that we actually had a triple top here. Of course, this golden pocket was an only evolving year after we formed this low, but nevertheless, we had some kind of triple top. So we do want to see here with the power of the halfling, hopefully, that Bitcoin can hold this 8100 U.S. dollar level can surpass this. People not sure retracement level and then also, of course, get back into the golden pocket and hopefully also surpass that. So the first area we are targeting on the bullish flipside is still ten thousand five hundred U.S. dollars. Very important guys, only in case we can hold this golden pocket here. If we cannot hold this golden pocket, we will for sure be looking out for the next few more natural retracement level here, which is at seven thousand one hundred U.S. dollars. Let’s hope this doesn’t happen. Let’s hope this boom having evolves into a bullish halving and not this horrible sell the news events. But guys always do. Keep in mind, if we go to the lock charted before we go into the next term, content here, Bitcoin tends to have these crazy, crazy, crazy retracement. I mean, look at this. This was the last halving. Then we basically dumb down 37 percent. So far, we only had a 20 percent retracement. So even an up to 40 percent retracement. It’s not out of the realm of possibilities. And we will still stay in our Houghtaling portfolio because no matter what dump you are looking at here right now, they will all like 40 percent. So 20 percent dump would be even considered to be like a small correction for Bitcoin. Just keep that in mind, guys. I do want to point that out. Of course, we are surprised about this massive, massive retracement here. And of course, it is very sad that we are back below this massive 873, eight hundred seventy-five days downward sloping trend line for Bitcoin. But so far, so good guys. So far, so good. We are still in this uptrend and this uptrend is not about to stop as long as we are not breaking these levels yet decisively to the downside and causing a weekly below. And now, guys, of course, the question everyone is asking with having the Bitcoin laughing, which is less than two days here in the future in mind, is Bitcoin right now bearish? Are we in alignment with the stock to Florette model or should we go panicking right now? And I do want to show you this, your big credits to at Digitalis Dot Net. And of course, also 200 trillion U.S. dollar Plan B on Twitter, which is the inventor of this scarcity life stock to flow model. You can see here, let me zoom in to this. If we are taking this zoom, you can see that the bitcoin price is right now. Let’s just go into the chart at eight thousand seven hundred U.S. dollars. If we go here and you look at the 365-day moving average, the perfect price according to that model right now before the halfling is eight thousand six hundred U.S. dollars. And you know the deal, guys, with the halfling, the future inflation is being cut in half. And the scarcity of Bitcoin is going to be increased. Hence, the inherent value of Bitcoin is also going to be increased. And according to this model, the scarcity goes up. The stock to floor model goes up. And that’s why the stock to floor model acts as some kind of magnet and co integrates the price higher. And you can see that here with a 365 day moving average of the stock to floor model after Tuesday. This model goes up with massive, massive speed, and you can see right now Bitcoin actually within the last two years, within the last 10 years. Bitcoin was perfectly matching this model. So if Bitcoin remains to match this model, we can see that Bitcoin would fit these price levels here all the way up to one hundred thousand U.S. dollars until twenty-two thousand twenty-one. So, of course, Bitcoin pumps big condoms every now and then. But according to the model, if you are zooming out and you are looking at the long term, you are looking at the fundamentals, you are looking at what the hopping actually does to Bitcoin. Then you should be extremely bullish, especially considering that we are here. Right. I mean, pretty much exactly. Look at this blue dot here at the price which is predicted by this model. And if you are zooming out, guys, you know exactly what is going to happen afterwards. So look at this, guys. So far, so good. Make sure you scroll down, you smash up the like button. Even at these horrible days here. And I do want to be perfectly transparent with you guys. I was waking up today in the morning and I thought, well, let me check the Bitcoin price. And I saw while we dumped down one thousand five hundred U.S. dollars, I thought, Wow said I got stopped, though, because I can tell you my stop loss was at nine thousand four hundred fifty. At least I thought so. So when I went here to the computer and I wanted to see, well, I got stopped out, hopefully, I was perfectly triggered to you. I saw well. OK. No open position. I went to the closed positions and guys, what happened? I forgot to put in the stop loss. And I mean, this happens to everyone. I had massively profitable trades had before, so I can for sure bear that. But it is said, I want to be honest with you. And as you can see, we are out of the trade, guys. So we will be looking out for for the next price target to enter you guys. And yeah, make sure the squad on your smash up the like button and do leave some feedback in the comments section below if you want to see more trades. More trading setups yet in the future. And of course, in the end, I want to know from you guys. Day to day with that very bearish read huge candle. I do want to know, guys, do you think we can hold the eight thousand U.S. dollar level? Yes or no? Let us know. In the poll, which is popping up on top of the screen right now. Can we hold the eight thousand U.S. dollar level? Yes or no? That would be very interesting to see. And guys, remember, if we can hold a ten thousand five hundred, we’ll be around the corner. If we cannot hold it seven thousand one hundred, we’ll be around the corner. Thank you so much for watching us. And we will see each other very soon in the next one. And I’m Krypto already today or tomorrow. Maybe we make some huffing special live episode on Tuesday. So that being said, guys, thank you so much for watching and rules. He’s out there and we will see each other very soon at the next hour of Imam Krypto. And as always, guys have always clicked the subscription box right here. And also click on to Toria right here. If you haven’t watched it already. And that being said, as always, guys, as always. Bye-bye.
