CryptoJack
VIDEO TRANSCRIPT
What’s up, guys? Welcome back to in the video. So my oh, my. Take a look at the Bitcoin price. Bitcoin actually dumped around about 18 percent. And just take a look at this one. Our candle, that is absolutely crazy. Now, in today’s video, of course, we’re going to be talking about this massive dump which happened. We’re going to be talking about exactly where the bitcoin price could go next and what you can exactly expect. We’re also, of course, going to be taking a look at the halving with a very, very small amount of blocks left now and only a day. And around twenty hours. We are also going to be taking a look at the theory in price and taking a look at where that could be going. And then finally, we’re going on to see an article about how Coinbase actually had a partial outage during this massive dump. So all that good stuff coming up in today’s video, guys. As always, sit back, relax and get ready for the video. Guys welcome back to another video. Thank you for joining me again today. I do really appreciate that. If you haven’t already illustrated much of those likes to 1000 likes on this video. They’ll be absolutely amazing. And also always, guys, if you do enjoy my content and you would like to see more. Make sure to subscribe and take that notification, Bill. So you get notified when I post my next video. As always, guys, drop your comments down below right now. If you want to enter to win that Tresa storage device, it takes two seconds and you can enter to win a trade, a storage device or the equivalent in Bitcoin. So without any further ado, guys, let’s get on with the video. Taking a look at this Bitcoin price now is absolutely crazy. I mean, the dump that we saw went all the way down to around about this eight-point one K level, starting from about that nine-point AKCA level. So it’s pretty much a two thousand dollar dump. Give or take the figures since we’re at 10K, which is really, really crazy. And if you take a look at this one hourly, Kandos, take this one hourly candlestick actually went down around about fifteen point three percent just in one hour. Which is absolutely crazy. Now, if you have been watching my video for at least a week, you know, I would have been saying that some kind of dump most likely will be coming around the halving, as happened in the past two Hardings. And although what happens in the past isn’t a precursor of what will happen now, it has in fact happened. And although the halving hasn’t yet technically happened. We still have a day and 18 hours left on the current blog generation and a day. Twenty-one hours on the average blog generation. We are seeing some form of a dump. Now, will we go lower? That’s the question everyone wants to know. So if we go over to the four-hour chart, we can actually go ahead and take a look at some things. First of all, again, on the four-hour chart, the dump does not look pretty at all. We are seemingly holding around this level of support as of filming this at around about eight point five K. And we know eight point five. Kate, before we came up to this level was a nice level of support and it showed good, solid support. And that’s the eight-point five K level actually bounced us all the way up to that 10 K level that we know unlove. However, guys with a massive dump like this, these levels can easily, easily get wiped out. So going to go on the daily chart now and take a look at some price action. First of all, guys, we need to bring up the 200-day moving average. Now we can see that the price pretty much coincides with that 200 days moving average. More or less. And whereas a 200 day moving average will is at eight K. So 8-K is a very nice level that we need to hold. If we take a look back, this AK level was right here, which is very important for us to hold was here. And if we go back even further, we can see that we did hold this AK level for quite some time back in October last year, and we can probably go even further back and find even more instances of that AK level. So the AK level really I do want to see is holding it. And if we do drop below the AK level, we will drop below the 200-day moving average, which is not good at all. We can stay above the 200-day moving average and not close below it for me. We are still reasonably bullish and the growth is still good. I mean, look at the chart. However, if we do drop below it, that could be slightly concerning. Now, if we do go ahead and pull up the V PVR, we can take a look at some important price levels if we actually zoom out a little bit about there. Should be fun. So if we take a look at the V.P. V.P., V.R. now, we can see the major price levels are actually at this around about seven points one, seven-point two K level. So if we were to drop below this eight thousand dollar level, if we were to see about that seven-point two K seven K, that wouldn’t be unlikely at all. And we can see there is actually a lot of volume in the range that we are all the range that we currently dip down to around the AK level, also upwards around eight points five to eight point seven K. There is a lot of volumes there as well. So that’s very interesting bringing that up on the charts. But that 200-day moving average really does have to hopefully hold. And if we look towards the upside, if we were to bounce back. Yes, it could happen. Although we are having a massive dump, we could potentially bounce back and expect us to find some support around this area. If that does happen, the eight-point five K level, maybe go around there like that a little bit. That would make perfect sense. However, we do have this. Let me get rid of the 200 days because that is not accurate. We do have this eight AKCA level down here, which should hopefully holders if that does not Holder’s we have this seven-point one seven-point two K level. So we do have a nice level of support below us. However, this is Bitcoin. It’s very volatile. We all know this. And yet so let me know down in the comments below if you actually put your Bitcoin in USDOT or you put in a stable coin in anticipation for big debt like this. I personally don’t do that as I just hope Bitcoin regardless, unless it went to like a thousand bucks, then I’d just buy more. So I don’t really do anything with my bitcoin. I just leave it in long term storage and I just don’t touch it. Don’t think about it. Nothing like that. So definitely let me know Downbelow what you think. And that’ll also. In that transit storage device. So, guys, if you were actually interested in trading during these times, there can be a lot of profit to be made, of course, as well. You have to be extra careful. And personally, I like trading on females, not as my pretty much No. One recommended platform. If you deposit zero point two Bitcoin to your trading account, you’ll actually get a bonus of one hundred and twelve dollars if you use my link down below. If you don’t use my link, you get a 70 dollar bonus. But using my link Downbelow, you get a 112 dollar bonus. Now Phoenix is a leveraged exchange. You can trade with one hundred X leverage, which is definitely not recommended. However, if you are new or you are a beginner, I don’t recommend pheno fee mix as it’s more for the more experienced trader. So that will bill Downbelow in Phoenix has great features like multiple accounts. She can go long on one account, short on the other account. You can do two X on one account, 10x on the other account. So it’s very, very useful. So moving on, guys, are my link for a few minutes. We’ll be down below if you wanted to make the most of that bonus. So let’s take a look at the theory and price theory. And right now, again, it didn’t quite come close to this 200-day moving average, which is at around one hundred and seventy-five dollars. Bitcoin pretty much touched the 200-day moving average, but we did see, again, a significant fall in price from the recent highs. We saw around a 17 percent price drop. Again, that’s fairly, fairly reasonable. And again, we are seeing that the PVR level, that volume level in and around that 200-day moving average is a lot of buying going on right here. So that could potentially be a great level of support for a theory around that hundred and seventy dollar level. If we were to see a bounce back up now or theorems of recent highs are fairly interesting. And we did have highs back in February of around two hundred and ninety dollars, which is absolutely great. However, right now we only peaked up to around two hundred and thirty dollars. So if you are interested in trading a theory. Just keep in mind we could see a further fall down here. They’ll be reasonably possible and wouldn’t really be unexpected. So, guys, during this massive downturn in Bitcoin, Coinbase actually short saw a partial outage. Coinbase crushes alongside Bitcoin due to this being one of the fastest drops in the crypto market in the crypto market in months. Exchanges were quickly overloaded with orders from all sides of the market. The pressure was so great as Bitcoin dumped Coinbase mobile application, which printed an error five o two and the Bitcoin exchange‘s web page, which indicated an error has occurred. The site reporting basic connectivity issues, along with the PA partial outage of the main website and mobile application. Coinbase Pro was also hit as well. Guys reporting connectivity issues with the platforms specific status page suggesting an ongoing service downtime that has gone on for two minutes thus far. Distending Eight days ago, when the bitcoin price rallied from seven to nine K in the span of a day, Coinbase status Page said that the exchange had temporarily gone down as well. Now the exchange is going down is an absolutely crazy thing. It’s happened with Bemax all the time and then the exchange comes back, comes back and you’ve been liquidated. So you just be careful out there what exchange you are using. I personally haven’t had any problems with theme X as Y trade with them. So yeah, that’s working fine for me. So guys, let’s go back to the bitcoin price and we can see the prices around eighty-six hundred dollars. Again, I think we could potentially expect this eight thousand dollar level. The worst-case scenario. We do have a strong level of support here. A reasonably strong level of support, which is nice, but even stronger one down here on the ACA level. If we take a look again at the daily chart and bring about 200-day moving average, we can see a pretty much coincides with that AKCA level. If we do break that, I don’t doubt that we could go down to the seven-point two K level or even go down to that six K level down here. Absolute worst-case scenario. I am still bullish on Bitcoin, but as I’ve said in the past, guys, the Horen coming short term is bearish for Bitcoin. Short term, however, medium-term and long term, the whole thing is a great thing for Bitcoin and it will bring hopefully many, many more are a much greater demand to Bitcoin and hopefully increase that price. So that’s pretty much it for today’s video, guys. As always, leave your comments down below. If you did want to win that trader storage device and also if you deposit zero points to Bitcoin, you get one hundred and twelve dollar bonus for Phoenix using specifically miling down below. So thanks. Watching today’s video, guys, and I’ll catch you in the next one.
