In this video, major, major news, Donald Trump, the president of the United States, has just changed his mind about Bitcoin, he says I’m buying Bitcoin, the Chinese virus is spreading and the Fed is printing unlimited dollars. So far so good. But if the dollar weakens, we need a backup. He tweeted this tweet just 40 minutes ago and it’s already gone completely viral. I remember the tweet he tweeted just a couple of months ago when he said that he’s not a fan of Bitcoin. Well, times they are changing. And now Donald Trump has completely changed his view and he’s actually officially buying Bitcoin. And other than that, I’m also going to take a look at the big comprise. I want to talk about where the Beacon press is heading in the immediate future. And if you think that that sounds interesting, then I think that you should definitely be. Hello, guys. And welcome to the Moon. My name is Carlin. I’m here to bring you this cryptocurrency video. And let’s take a look at the bit comprise because, well, yesterday I had a lot of comments about potential head and shoulders pattern. So I want to talk about it. But before I talk about the head and shoulders pattern, I just want to quickly talk more about the fact that Donald Trump, the president of the United States, is actually buying bitcoin. And this is, of course, not true. Obviously, this is just a big joke. I was just messing around, guys. And this is not a real tweet from Donald Trump. It’s April Fools, guys. It’s the first of April. So I hope you enjoyed that little joke. And it’s actually really easy to change tweets like this. I can just do this and then inspect and then this will pop up and I can just click here and this will allow me to write anything here, for example, like this and then press enter it. And now we can see how it says don’t buy Bitcoin said so. Sorry, guys, I just thought that was a very funny way to fool you guys. But just to clarify. Donald Trump is not buying bitcoin. At least I don’t think so. And if you liked that little joke, just leave it thumbs up down below. But let’s take a look at the bitcoin price. All right. So yesterday I had many comments about a potential head and shoulders pattern. And ahead and shoulders pattern is, of course, a bearish pattern. It confirms. And the thing about these head and shoulders patterns is that they mean nothing if they don’t break down below the neckline. And if they break the neckline, then that’s when you can make a trade. And in this case, it would be short. So let’s take a look at this. Well, the first problem I see is that here on Coinbase, this shoulder is higher than this head, a shoulder, head and shoulder. Needs to have the shoulders below the head and on Coinbase. We can see that this is actually higher. And that would tell me that maybe this is not a head and shoulders pattern. However, if you go over to buy NANCE, we can see that the head, in this case, is indeed higher than the shoulder. And well, I’m just gonna make the targeted analysis for everyone who wants to know. But personally, I am not really too comfortable with calling this a head and shoulders pattern because of these small in inconsistencies here. But this is how you measure the targets. And if it breaks down below the neckline, then the technical target should be all the way down here at four thousand eight hundred and sixty-two, approximately a little bit, depending on exactly where this breaks down, obviously. And something that could go well with this theory is that we do see the volume go down, as I’ve pointed out previously. And the thing is that when volume goes down while the price is going up, then usually this means that we shouldn’t really trust the current price action. Basically, this means that this uptrend might not be sustainable. So let me just show you exactly what this means. Basically, when we have an option like this, we would like to see the volume remain the same or preferably actually go up as the price is going up. However, if the volume is going down, as the price is going up, then usually this is a sign that this is this move is getting exhausted and we’re running out of buyers basically. And we shouldn’t really trust this price action. And the same goes, of course, for the other way around. Does this mean that Bitcoin is going to break down? Well, no. It doesn’t necessarily mean that, but it does mean that we are in a consolidation phase. And I wouldn’t really trust the current price, actually, because the volume is really coming down. And I would say that as long as the volume continues to go down like this, we won’t see any major trend changes. We will probably stay within this range. We have the resistance up here at approximately six point eight thousand and we have support. I would probably put the sport box over here at somewhere between four points eight and five-point one thousand as long as the volume is low. I would expect the bitcoin price to continue to trade within this range. But like I’ve said so many times when we see declining volume like this, usually, we see this end with a bang, a huge break. And this is exactly what we should be expecting. Big volatility will soon come because right now we’re seeing low volatility, low volume, and some people would call this boring. And I think we could also potentially watch the potential scenario where an ascending triangle might be for me. But I think it’s a little bit early to say that this is an ascending triangle right now. But let’s just keep an eye on this resistance up here at six points eight. And let’s keep an eye on this opportunity support here, which could be this potential neckline of a potential head and shoulders. But like I said, I’m not really too convinced that this is an accurate tt’s shoulders pattern because of the inconsistencies. And if you are an experienced trader and if you’re looking for a platform to trade Bitcoin, these are the platforms that I personally recommend by beat fee mix primates. SBT links down below in the pained comments. And by the way, just a side note, it seems like someone just a few hours ago on crack-in. Bought a thousand bitcoin, and whether this is an institution, a whale or someone who just accidentally bought 1000 thousand Bitcoin like this. I don’t know. Usually, you would see people do these kinds of deals over the counter LTC because this will maybe lower the spread a little bit and you won’t affect the price. So personally, I’m not too sure about exactly what happened here, but you can see this massive volume spike spiking straight up here on cracking and you can see how this candle looks quite amazing actually. But yeah, I don’t have any insider information to share with you guys. I just want to quickly tell you that someone just bought the thousand bitcoin. And by the way, guys, if you are not one of us subscribers yet, please go down below this video. Click subscribe and you can also click lisle Bell. And if you know, click all here, then you will be notified as soon as I upload my next daily video. And over on coin market cap, will you see that toilet paper token has currently taken over the number one spot on core market cap? And I mean we know the bitcoins circulating supply is closing in on 21 million, but the circulating supply of toilet paper talking is out of stock. And next up, I have been alive for twenty-five years and so far twenty is the craziest year. I mean, first of all, we have the big virus spreading. People are very fearful about the virus and the economy shutting down. And we also see central banks completely forgetting about all the previous rules and just completely printing money and just doing all of this massive financial stimulus, unlike anything we have ever witnessed before. So we are truly witnessing history in the making. And I think the next few years will bring about a big change to the world. And more specifically, I think that this change will be most noticeable in the economy and potentially in the monetary system as we know it today. And I want to share this quote with you. And some people say that this quote is completely fake. Some people say that it’s just a little bit altered. But I want to share it regardless because it’s a very powerful quote. So supposedly Thomas Jefferson said this. I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. Now, I’m not sure of the full quote is accurate, but I’m pretty sure that the first line here is accurate. I believe that banking institutions are more dangerous to our liberties than standing armies. It is a very, very famous quote. And today. Exactly. This is what’s happening. We are seeing the private banks controlling the issuance of our money or our currency. First, the central banks create money out of thin air. They buy assets from the. From the open market. And then these newly printed currency ends up in the banking system. And the banks can then use this currency to create even more credit. On top of this money, so they can expand the money supply tenfold, 30 fold, even 50 fold in some cases. So through credits, private banks create currency, which is used as money around the world. And that is extremely, extremely dangerous because this means that we have a central authority. Private banks that completely control the money and money is such an important thing for freedom and for control. And the more control someone has over the money than the less freedom everyone else has. And like I said earlier in this video, I think that the next two years will bring about big change. And we’re already seeing people talk about unemployment rates going much, much higher. For example, Goldman Sachs says that the US economy will experience a far deeper slump than previously anticipated. For example, they say here that unemployment will soar to 15 percent by mid-year, up from a previous forecast of 9 percent. They wrote, obviously, these are estimates, but we also see the Federal Reserve. They expect the unemployment rate to hit 32 percent. This is a Fed estimate. So we’re seeing most institutions now talk about high unemployment rates. And I think that it’s quite reasonable to expect that to happen, not only because of the massive debts around the world but also because of the current fears surrounding the virus. So they say that there are nearly 67 million Americans working in jobs that are at a high risk of layoffs. And this is not only true for the US. This is true for countries globally. And according to this Federal Reserve economist, Miguel Ferrer. Castro, he says that, quote, These are very large numbers by historical standards, but this is a rather unique shock that is unlike any other experienced by the U.S. economy. The last one hundred years. And this is a reference to the Great Depression, of course, which happened just over 100 years ago. And remember, guys, for the past two years on my channel, I’ve been talking about the coming recession. The coming crisis will be much worse than the 2008 financial crisis, and it will probably be even worse than the Great Depression. Based on all of the fundamentals, the debt levels, the monetary stimulus and the actions by the central banks, the private banks and all the corporations and even all private individuals just using death and credit as an as in a very, very irresponsible way. And now finally, we’re seeing media covering the threats to the economy that we’re seeing currency. And guys, if you enjoy this video and if you liked my April Fool’s joke about Donald Trump, please go down, leave thumbs up. Let’s see if we can push this video to four thousand likes. Thank you very much for watching this video. And if you haven’t seen my BYB, it’s tutorial links right there right now. And I’ll see you guys tomorrow.


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