With the being only six days left will be quoin halving occurs in Bitcoin, currently residing within a bullpen, and that could bring to the upside and yield highs of, well, new all-time highs, for that matter, above twenty thousand dollars. Is Bitcoin looking bullish or bearish in this period of time? That’s one thing that I am to assess in today’s video. I’m also going to run over the traditional institutional news review, the prices of the Dow Jones index and other institutional assets, and, well, the Dow Jones index for some reason today. This buys the bonds of terrible news has just continued to rise in price, which makes no logical sense. But want to explain why has risen in price. It will actually make a little bit of sense to you. So if you are interested in making you have libel, make sure you are subscribed in less cracking on your buys in a VIP. But just Ryan glossy eyes on me when I I’m on in front of it now would be startling. So to start today’s video, we are on Biber, where I currently don’t have any trades open and haven’t made a trade all day because I’ve been building this for the scammer Web site. Now, if you’re a part of my trading group, then you will have seen already what is going on with that. And I think it’s coming together quite nicely, to be honest. I’m very much excited to post that video in the coming days. However, I wanted to get it all perfect before I posted it. Hence no Forex comes to a video today. However, we are going to start today’s video with the traditional news where you know what happened. This call KWEM Bull Richard Branson decided to cut 3000 jobs from Virgin Atlantic despite getting his 500 million dollar bailout from the government alone. He got the money for free from the government and still made 3000 people redundant, despite saying that 500 million pounds that he was getting granted by the government are going towards saving people’s jobs. What an utter scum bag. The guy’s worth four point two billion. I’m sure you can pull a little bit out of your own pocket and for not will. And if you’re not Simac content before really not the biggest fan of Richard Branson. And if he was yesterday’s video, then you’ll know about the government launch scheme going on in the UK at the moment where governments are offering up to 50000 pounds per small business. Well, there’s been a little bit of a hiccup with this because although the government has promised everybody is applicable to this process, the banks. No actually have the money to give to everyone because it turns out they’ve already lent the money out and nobody’s been paying it back in force, meaning the banks in the UK are kind of unofficially insolvent at this point. And coupled with this, only four hours ago before making this video, the UK economy is on track for the deepest downturn in living memory. Now, this is an article published by the BBC, the most trusted news institution in the UK. A government survey found that the UK has the dominant services sector contracted a record pace last month. Around 79 per cent of services, such as cafes and hairdressers, reported the fall in business activity, of course, because they were all closed. But these are gonna have a knock-on impact going forward because all these people have run out of money. They don’t have money to spend. You get this downward spiral until the government starts throwing money at the problem to fix it. And they’ve already tried throwing money out to. And he’s not fixed. If you look at the service business activity index, you’ll see that this sharp drop off well is not good for any economy. And next up in today’s news, eLong must have a baby. Happy birthday to a baby, mate. I hope it goes very well for you. And on top of this, selling all these houses and property, because why not? The mind is completely mentally stable. And speaking of mentally stable people, Donald Trump has been given access to a law that dates back a long time that given so much control over the U.S. economy, he’s called the Defense Production Act. And as of late April, the federal government has invoked the Defense Production Act to compel companies to make and direct medical supplies to health care workers. Crackdown on the holding and export of needed materials and even keep meatpacking plants. All but at is a kind of interesting Loy’s, this one because it’s a very authoritarian left-wing law that gives the states an awful amount of power over private industries. And speaking of Trump’s control over industries, these retail and stocks are winners in the new normal and reopening of the economy. Wells Fargo says now, would you trust a word that Wells Fargo says Wells Fargo, a bank that has basically repossessed people’s houses despite them already paying off their mortgages in 2008? Wells Fargo, a bank that is well known for laundering cartel money, and yet CNBC is putting them on their first main page because why not? Wells Fargo is a very trusted authoritarian. No, it no does not even trust a word that a bank tells you because obviously they’re holding those shares to though pompom and they’ll don’t them like they do everything else. And guess what? Guess who else has got stuck holding the bag? Morgan Stanley must be holding some heavy bags at the moment. And because Mike Wilson from Morgan Stanley is explaining why stocks will push higher so he doesn’t take a genius to work out that the stock market is in. Hey, horrific state of affairs at the moment. And that’s why I’m here, to give you neutral, unbiased news. Neutral, unbiased. Perspectives on what is going on in the world with regards to financial and business markets. And so we’re better to start than the weirdest pump ever because the Dow Jones index, today’s up to one and a half percent, inexplicably, considering what is going on in the world at the moment. The only reason that could be explaining this is it’s literally just coming up for a double top here before ultimately breaking back downwards. Now, I firmly believe that the American economy in the next two days is going to start shooting the best. And let me explain why. What’s going on with the daily chart at the moment is this we’re heading shouldering out right now before ultimately breaking back to the downside. Now, this is confirmed by the fact that there is obviously some negative pressure on the Mac deal. The moment also a key point for the RSI. If we zoom out, look it on a slightly even higher timeframe. You can see that there is a clear, bearish divergence across the board here. I firmly believe by the end of the week we’re going to see a substantial rejection of this orange line here on the Mike D.. And for those of you wondering what I mean by Mark DME moving average convergence, divergence is essentially very, very similar to having your 50 days and a hundred day moving average. However, he’s working on a slightly shorter scale. There are so many bad fundamental factors at play for the Dow Jones index. There is only so long that the Federal Reserve can prop it up before ultimately just have to let it do its thing. You can’t print infinite money and devalue your own currency in pursuit of propping up what is essentially a giant Ponzi scheme. It offers no benefit to anyone. And the only reason why this is continued to sustain itself is that America has decided to offer up three trillion dollars worth of government bonds that again, are going to get pumped straight into the stock market. All the money that is raised from that. And now it is time to move over to Bitcoin. Technical analysis for the day where we still within this gigantic bull penance. However, looking at this on a smaller timeframe, this is the only timeframe yesterday, as you pointed out, yesterday’s video did. I said on the smaller timeframes, it did seem quite realistic that we would have another pump to the upside, which we did. We then got rejected here. We’re probably going to farm out the rest of this pendant formation here. So what I’m going to do now is going to run through all of the major Bitcoin timeframes that I personally trade. I’ll give you an overall synopsis on where I expect Bitcoin’s price to go over the next 24 to 48 hours. So if you are interested in that, make sure you have slept like on today’s video and also recommend this video to a friend, send it to a man, an email or something. I’ll be very useful. Seen as a YouTube just doesn’t recommend my content to anybody. Very frustrating. Well, these are the crypto YouTube. Is the mom talking about being Shadow Banwell man? I’ve been shadow bunny since day one. So starting out on the thirty-minute timeframe, it appears the bitcoin is going to form a near the head and shoulders formation here, going like there are cock and balls all the way downwards. I say that because the monkey is indicating we’re bullish. Now moving over to the one-hour time frame, the one-hour time frame is indicating, yes, we’ve got a little bit of bullish momentum in the market with a little bit of bullish momentum in the RSI, however. Both of them are indicating that this isn’t gonna last all that long. We’re probably in for a trip all the way back down to eight thousand six hundred dollars, not like us. Much of a problem because I’m still up as long as Bitcoin is kind of above seven thousand dollars. I’m a happy little boy. I also want to point out something I feel is quite important with regards to Mark D on the four-hour time frame. And that would be last time we were in a very similar situation to this. We did end up breaking to the upside, despite it being quite a considerable bearish divergence on the RSI and on the Mark D.. You can see the exact same situation happened here and he’s probably gonna happen here as well. But the key thing here is in order to not get wrecked while trading Bitcoin is quite simply just play the break. If Bitcoin breaks above, say, eight thousand nine hundred or nine thousand dollars, then it’s obviously going to pump all the way back up to around nine thousand four hundred nine thousand five hundred dollars. And if Bitcoin was to break to the downside of eight thousand six hundred dollars, say maybe slightly lower, basically, as soon as it breaks outside of this pendant formation, then obviously you’re gonna short especially anything below eight thousand four hundred dollars and Bitcoins on the path back down to 7400 dollars. So it does make complete sense to be shorting Bitcoin. And if you are interested in trading, by the way, they make sure you are signed up on my referral link fall by, but no one else has because we’re having a trading competition in only a couple of weeks time on BYB. It will be a fairly nice prize for the winner and also it can be split amongst the group anyway. But back to Bitcoin’s price are moving up to the daily timeframe. It does appear that with we’re running out of steam here fairly quickly and we are in for a bit of it. It just looks to me like it’s topped out for now. Seems most realistic for at least a retest of seven thousand eight hundred dollars at this point. However, that’s not to say that it can’t go all the way up to fourteen thousand dollars. It very much depends for Bitcoin at the moment, depending on which side of this pendant it breaks too because it is a very key point. Bitcoin halving is expected to take place on May the 11th and Bitcoin. Tocheri at the moment has not been stagnating. Our total has been continuing to climb as people use up the rest of those steam in those miners and make sure they get the best out of them in the coming days before the Blocher reward us and everybody starts losing money. And well, May the 11th actually takes us right to the end of this pendent formation, meaning that we could stay within the current trading range for the following few days. As the volume rises, interest rises, especially on the institutional side, where we can see that again, we’d make. Stupid amounts of volume from SEEMY groups exchange at the moment. The volume for this month is more than 10 times larger than what it was last month. And he’s been doing this every month so far this year. The open interest for Bitcoin. The fact that there is still a premium on SEEMY group’s exchange indicates that there are a lot of people still going long at this moment in time. Despite Bitcoin’s price, decreasing is not decreasing to the same amount that it has done on futures exchanges. So where is Bitcoin’s price heading over the next couple of days? Not literally comes down to which side of this pendant formation it breaks. And having explained earlier, basically, a break above nine thousand dollars or a break below eight thousand six hundred dollars would shield a large move in either direction. That is exactly how I will be playing this. With regard to the theorems current price in Bitcoin value, it seems that was stagnating at the moment is no better way to describe it. Seems we’re gonna probably come into contact again with this lower line here and indicating that we’ve got a drop of around six per cent to come. But it’s not that. But to be honest, there’s a lot more upside potential for theory at the moment than there is downside potential. And honestly, I’m still thinking the XP looks like the buy of the century is just too cheap right now. There’s nowhere that Brad Garlinghouse isn’t gonna fire these off to the moon at some point soon. So he’s on that note, guys. I really do hope you have enjoyed today’s video to have slapped a lock on to make sure you have subscribed to the channel, make sure you’ve got channel notifications on because tomorrow’s video is an absolute belter. Send this video to a few group chats. The Arryn. I’d really appreciate that. Seen as a YouTube doesn’t recommend my content to anybody, only my subscribers. It would mean the world to me. Everything is linked in the description. Clean my baby furling underling to Coinbase. If you don’t currently own any bitcoin, I’ll not know. I’m a great deal of you. Appreciate. This video is over now. You’ll find something else to watch. Just watch this video. I know we had a lot of fun. But you can’t say on this hand screen forever.