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BITCOIN (BTC) BREACHING ‘THIS LEVEL’ WILL TRIGGER MARKET FIREWORKS | $3B in Stablecoins Ready To Go

VIDEO TRANSCRIPT

In today’s show three billion dollars in dry powder A. K. A. stable coins poised to enter the big point in crypto markets according to Masari CEO who just recently published there’s now three billion dollars plus of stable coins that non exchanges if investors want to cash out of crypto completely they would have withdrawn funds to the banks instead we’ve got more dry powder held in the crypto economy than ever before in both real and market cap percentage terms I’ll be breaking this down for you in today’s show also in today’s episode bit coin breaching this level will trigger market fireworks according to a crypto analyst with over two hundred thousand followers on Twitter what is this level we’ll be discussing it and breaking it down for you in today’s show also in today’s episode active bit coin supply it’s a new high in six months as the hash rate drops that’s correct check it out the last note alerts which is a blockchain analytics firm they published bit coin active supply three to five year with a one day moving average just reached a six month high of over one million in the previous six month high which has just been breached was observed on April sixteenth of twenty twenty we giving you the full run down in today’s episode we’ll also be taking a look at the overall crypto currency market as you can see bit coin and most of the major cryptos are back in the green where’s the big coin price likely to go from here find out all this plus so much more in today’s show.

Your record the news alerts I dropped a brand new episode every single day so be sure to smash that subscribe button and click that bell icon to receive notifications of the latest premium crypto news and before we kick off today’s show if interested in learning from the one and only take a Tory America’s number one investor the Wall Street legend who picked apple back in two thousand and three and bit coin in twenty sixteen shares his number one pick for the twenty twenties he’s calling it the investment of the decade right now there’s a mad rush in corporate America it involves Amazon Google Microsoft Facebook they’re all betting on a new technology the World Economic Forum projects will soar two hundred and ninety five thousand percent over the next seven years but it’s not a I the internet of things or five G. for full details click the link right down below this video in the description all right welcome back to another episode of crypto news alerts I’m your host T. V. and let’s dive right into today’s top story of the day with three billion dollars in stable coins poised in a waiting on the sidelines the C. E. O. blockchain database startup Massari says there’s a huge amount of crypto capital sitting on the sidelines ready to move into big goin theory M. XRP and the greater altcoin markets Ryan sulcus sites new data that shows crypto exchanges are now holding over three billion in stable coins on behalf of their customers he says that these investors are in a strategic position to reenter the speculative crypto market at a moment’s notice here’s what he’s quoted saying there’s now three billion dollars plus of stable coins sit on exchanges if investors wanted to cash out of crypto completely they would have withdrawn funds to banks instead we’ve got more dry powder held in the crypto economy than ever before in both real and market cap percentage terms as you can see right here there’s over three billion worth the stablecoin sit in on the sidelines stable.

Coins are digital currencies pegged to traditional assets like fiat they’re designed to hold steady value and offer crypto traders an easy way to escape the high volatility of the crypto markets without having to convert your crypto back to fiat back in November binance research published a report on the habits of the sixty nine high net worth customers with crypto allocations ranging from one hundred thousand dollars to twenty five million A. K. A. your average whale the survey found that ninety six percent of those investors are utilizing the stable coin market with tether ranking at the top stablecoin by a wide margin here’s what Ryan sulcus included in this report despite its ongoing legal issue being considered one of the most significant rest for the industry U. S. D. A. K. A. tether USDT remain the most widely used stablecoin forty percent for reasons quoted such as greater liquidity and higher market capitalization than its peers well I’ll turn it if options are being used stable coins backed by exchanges like US DC by Coinbase and circle and B. USD by binance seem to spark more prominent interest for many respondents than other than U. S. T. T. fiat backed competitors and as you can see in this chart stablecoin used in percentage of total responses according to those sixty nine clients who happen to be whales and you can see U. S. T. T. forty percent by a long shot beating the rest U. S. DEC nineteen percent packs thirteen percent to USD thirteen percent die six percent G. U. S. T. two percent B. U. S. D. which is binance three percent and U. S. D. S. two percent and then four percent of the people using none whatsoever now let’s get to our next story of the day bit coin breaching this level which we’re gonna cover will trigger market fireworks according to crypto analysts although the price a bit coin seems very valid tile the crypto has been in a period of consolidation over the past two weeks stalling in the high six thousands in the low seven thousand after briefly enter. Acting with the highs of seven thousand four seventy just below that seventy five hundred dollar resistance bit coin seems to be stuck between a rock and a hard place you can say that again with any move below sixty seven hundred being bit heavily and thirty three the thirty four hundred failing to crack due to the zones historical importance to the market but according to a prominent crypto analyst if a certain price point is reached fireworks or rapid move higher in other words are likely to follow let’s discuss it big claim breaking this level will validate the bulls and hurt the bears a trader with the moniker crypto Yoda may the force be with you who has garnered over two hundred thousand followers on Twitter on Saturday released the latest iteration of his technical analysis newsletter series the letters from dad bomb hopefully I’m pronouncing that correct and I’m going to include this report in the show notes below the video ended description for your reference and check it out for yourself it’s pretty detailed and there’s a great deal of information jam packed inside in it he explained that while the market structures leaning bearish due to the existence of a rising wedge formation and a head and shoulders pattern to trends that are Buhari’s by textbook definition bit coin breaking seventy four seventy five would validate the bear case pushing the bears out of their positions while inviting longs buying the bears pain here’s what he had to share I take out of that high could lead to a massive covering of shorts and buying on volume leading to a strong rally especially as buyers have already eaten through resistance levels of the previous lows what he’s explaining is that a bit coin manages to set new highs it will prove that the ongoing consolidation is not indicator of a top but instead consolidation proceeding bullish continuation likely the eight thousand dollars and beyond importantly the analysts did admit that if this breakout can take place there remains significant overhead resistance with the daily one hundred and two hundred exponential moving averages at seventy six. A hundred and seventy nine hundred respectively if the bulls want to succeed though they should make it happen quick as analysts have observed that sell side pressure starting to mount AV filmen I know I hear this in yesterday’s episode a trader at crypto asset fund block tower observed on Friday that there are two clean technical signs that a correction in the big coin price is on the horizon regarding that Tom Denmark sequential a time base indicator that prince nine candles to market reversals is printing a cell nine candle on the three day chart and also at the ram is currently failing to break past the three day fifty day moving average and the two hundred day moving average as we can see right here on the screen to add to this don all remarked that while the recent daily candles have not been super bearish it is awfully close to how the ten thousand dollar top played out pointing to structural similarities between big points price action during that time frame in February of this year and now so I’d love to know your thoughts do you agree with this technical analysis that if we can break that seventy four seventy five ultimately seventy five hundred resistance that we’re likely to see eight thousand dollars and beyond or do you feel we’re more likely to have a correction let me know your thoughts in the comments right down below and before we get to our next story of the day with the big coin supply hitting a new all time high in six months as the hash rate drops let’s take a look at the overall crypto currency market as you can see bit coin and most the major cryptos are back in the green bit coin up half a percent for the day trading at seven thousand one hundred seventy six dollars we need to breach that seventy four seventy five hundred dollar resistance in order to move on forward to eight thousand according to today’s technical analysis I shared a theory I’m is up almost three percent trading at a hundred and eighty three dollars XRP up point three percent trading at nineteen cents link is up almost two percent trading at three dollars and sixty eight cents B. and B. coin up one percent trading at sixteen dollars and thirty three cents EOS one of the few.

Actually in the red down point three percent trading at two dollars and sixty seven cents Mr light goin up one percent trading at forty three dollars Tezos up a whopping seven percent trading at two dollars and thirty cents Sidoti vision up two point six percent trading at two hundred dollars even and bitcoin cash up half a percent trading at two hundred and thirty eight dollars all right now for our next story of the day let’s break it down as the clock is ticking and the third bit coin mining is getting close real close about three weeks out regardless of the cobit nineteen planned that makes bread the lockdown in the economic financial recession in the US and other countries bitcoin investors keep watching the changes of various metrics regarding the flagship crypto you got that right last note agency offers them press data regarding the active bit coin supply the analytical agency glass note reports that holders we have been using their wallets over the last three to five years have become more active in moving their bit coin stashes over the past half a year the index of the act a bit coin three year to five year supply has hit a new six month high and now totals one million eighty two thousand seven hundred and fifty five taking a look at this tweet from blockchain analytics firm class knows they wrote bit coin active supply three to five years with the one day moving average just reached a six month high of over one million compared to the previous six month high which was observed on sixteenth of April twenty twenty however opposite data has arrived for the active bit coin supply for five to seven years over the past six months the active bit coin supply has come to a low of one million one hundred twenty six thousand nine hundred and thirteen so here’s what they’re quoted saying big coin active supply five to seven years with the one day moving average just reach the six month low of one million one hundred twenty six thousand the previous six month low of one million one hundred twenty seven thousand was observed on April seventeenth of twenty twenty data provided by class note also states.

That over the last twenty four hours that the mean big coin hash rate has declined by around eleven point nine percent here’s what they’re quoted sharing big coin mean hash rate decreased significantly in the last twenty four hours the current value is a hundred and eight holy cow I’m not even going to attempt to stay that number if you know how to pronounce that you let me know in the comments right down below but ultimately down eleven point nine percent from this quoted a statistic pretty interesting to say the least now let’s take a look at the overall crypto currency market cap we’re sitting at two hundred and eight billion dollars with a hundred and thirty five billion in volume in the past twenty four hours in the current BTC dominance is sixty three point four percent and now taking a look at the top gainers within the top one hundred we have numeraire up eleven point four percent trading at twenty dollars and sixty six cents enjin coin go E. N. J. up almost ten percent trading at ten and a half cents we have maker up eight percent trading at three hundred twenty seven dollars has those up almost eight percent trading at two dollars and thirty one cents the cash up six percent trading at forty four dollars Digix DAO up six percent trading at thirty five dollars and twenty two cents and the theory him up five point six percent trading at a hundred and eighty three dollars and now for the biggest losers within the top one hundred we have hyper gone down eight percent trading at twelve cents swipe down three percent trading at sixty two cents A. B. B. C. corn down two point seven percent trading at eleven and a half cents insular down two percent trading at eighty-six cents Komodo down two percent trading at fifty-nine cents and Lisk down one and a half percent trading at a dollar five and now checking out the bitmex margins we can see the bulls are back in control leading with thirty-five million in superiority in the last twenty-four hours with long’s leading fifty one point two percent versus forty-eight point eight percent short are you currently bullish or bearish on bitcoin for the short-haul let me know in the comments.

Right down below and now checking out one of my favorite indicators is the crypto greed and fear index shows were currently rated the sixteen an extreme fear yesterday was an eighteen last week eleven and last month the ten all of which is within extreme fear and if you’re not familiar with the could the greed and fear index extreme fear which is where we’re currently at and been stuck at for quite some time can be a sign that investors are too worried that can be a great buying opportunity and when investors are getting too greedy that means the market is due for a correction and now checking out the bit coin block reward halving countdown we have twenty two days holy moly I can’t believe we’re just three weeks out I’m so stoked in a static for this event you don’t even know hence why we’re countdown twenty three hours twenty three minutes and thirty seven seconds remaining the estimated date for the bit coin having a set to be may twelfth I’m pretty ecstatic for this event which only occurs approximately every four years take a Tory describes the phenomenon as the bit coin having as well as massive demand we’re talking about institutional money pouring into the crypto market and when this happens it creates a parabolic run Indicoin is due I mean check it out since twenty seventeen was the last time we reached an all time high of about twenty thousand dollars that’s literally over three years ago we’re going on for years this is long overdue I do agree with Mike Naveh Gratz that we will re test all time highs later on this year I’m pretty bullish for bitcoin let me know how you feel in the comments right down below and I want to encourage you to check out the description right below this video by clicking show more in the description right down below for a detailed analysis of what’s going on in the market this goes for all the videos here on my channel and also included some very helpful resources for you to plug into including the blog to my podcast which could be found at crypto news yes not only is this updated every day it also allows you to download the latest episode of the show including the audio so you can actually listen to it on the go on your way to work or whatever the case may be. Also be sure to subscribe on YouTube if you haven’t yet already done so this helps tremendously what you to be showing more love and getting more people exposed to the content here on the channel and also any major podcasting platform you’re on you can also support the show on iTunes Spotify Google play stitcher radio so whichever podcasting platform you’re active on please do help support the show it’s greatly appreciated you can also follow us on Twitter to receive daily crypto news alerts my Twitter handle is crypto news yes and also have a private crypto Facebook group to become a part of this simply click this link request to join I’ll be sure to plug you in and I also have a private crypto telegram chat which I’m very active on to become a part of this click this link specifically from a mobile device and you’ll automatically be added and I’m looking for to connecting with you on the inside well that’s going to conclude today’s show as always I appreciate you tuning in and joining along with me inside this incredible crypto revolution if you gained value added today so be sure to smash that subscribe button and click that bell icon to receive notifications of the latest premium crypto news and in the meantime let’s sit back relax and sip on a crypto cocktail as we watch bitcoin climb to the moon and real quick before I go if interested in learning from the one and only two Qatari America’s number one investor the Wall Street legend who picked apple back in two thousand and three Indicoin in twenty sixteen shares his number one pick for the twenty twenty is he’s calling it the investment of the decade right now there’s a mad rush in corporate America it involves Amazon Google Microsoft Facebook and they’re all betting on a new technology the World Economic Forum projects will soar two hundred and ninety five thousand percent over the next seven years it’s not a I the internet of things or five G. for full details click the link right below this video in the description it’s gonna take you here watch this presentation from the one and only two Qatari and I look forward to catching you on tomorrow is that. So peace.

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