MMCrypto
VIDEO TRANSCRIPT
Today, for the Bitcoin price, will we see a massive sell-off here post halving for the Bitcoin price? Or is this the beginning of a severe parabolic bull run here towards new highs? Well, guys, the charts provide a clear direction for the big come price right now. We will pull out our technical analysis and set it also here in relation to one of the most famous on-chain indicators. The hash ribbon’s here, which we covered multiple times on our channel. And they are providing here directly at the laughing. A very, very interesting development for the Bitcoin price. We will be talking about all of that and where we think we might be heading for the big comprise in the immediate short term. So make sure you take a seat, make sure you smash up the like button to at least 3000 likes. Thank you so much for that. And that being said, welcome to France. And I come back German crypto. My name is Chris. And as always, we are really pumped to go straight with the content. All right, guys, let’s get started here with the T. A on the daily candles. And guys, right now, something extremely interesting is evolving on the charts. We will go in the second part of the video into the on unshared metrics. One of them is, by the way, the hash ribbon’s everyone knows so far because whole crypto Euterpe is talking about it. We have been talking about it a year ago and we have very interesting developments there. Let’s start with the t.A here on the data Kendal’s. You know what, guys? Let me pull out here once again, the two most important moving average right now to look at. And it’s the one and the 200-day moving average. We have been talking about this multiple times. And do you remember what we said on the day of the halving in this video here? By the way, guys, let me play you this quick clip here, because for the Bitcoin price to remain bullish also after the laughing and continue this uptrend, we need one premise to be fulfilled. The yellow line is the 100-day moving average and the blue line is the 200-day moving average. We have to stay above the 8000 U.S. dollar level. This has not changed. And also here, if you will, not your golden pocket guys. I mean, I cannot stress it enough. We have to stay above the 8000 U.S. dollar level. We might go down the test that a second time. That would be even more bullish, guys. And as you can see, as you can see, let me pull this here back. Let me go to the. Our candles. As you can see, we said we might even go back down and tested a second time. And if this test is successful, this, we would consider that to be very bullish. And guys, look at that. After we recorded that, we went back down. We tested it a second time. And I do want to consider that to be very bullish. Of course, everything can happen here. But this was a very, very bullish confirmation, especially with that very long week here, indicating that the buying pressure was very high at these price levels. You can see the exact same here. We had a very, very big week indicating that the people were buying up these prices. Here I am immediately before the HAFID. So this is already good. We hold on the daily Camila’s. Let me go back here on the daily canvas. We did hold the 100-day moving average. We did tell the 200-day moving average and even more important, guys. Let me zoom out here into this specific area of interest. And if I’m pulling out the V PVR, you can see that we also once again with the second test we did hold here. This big, big cluster of support, as long as we are holding above guys. We are still looking out for the price targets. We also mentioned with the vintage A15 recently of nine thousand five hundred U.S. dollars, guys. Of course, don’t go out there and hound us here in Thailand if this does not turn out to be true. But so far, so good. This looks very good for Bitcoin. So we are still remaining here on the bullish side. By the way, open to trade. You also yesterday after The DaVinci J. Fifteen episode. I will keep you updated on that. I might show it to you in this episode. Otherwise, I will show it to you in the next one, guys. All right, guys. So with that said, with this very important technical subventions here, I do want to go into the on-trend metrics. And the first one, guys, everyone off, you know, set because we have been the first people to talk about that on YouTube. Go back on our channel and fact check that. We have been talking about that since ages. And that’s the hash ribbon’s we have been calling amazing. And yet by signals here, right there you see it here by and we went up to 14000. Then another one here from six thousand to 10000. And of course, we had this amazing buy signal. You’re flashing immediately before the halfling, indicating an amazing long term by some guy, Area C for Bitcoin. And please, guys, remember what we said. We said that usually these minus capitulation signals we are getting there with that red area starting off, the hash rate collapsing. We usually see that, yeah, somewhere within the cycle, but especially after the halflings so far. If you go here to the hash rate, you cannot see any minus capitulation. And of course, this can be still to come. But so far it looks like. That this minus capitulation we have covered before on our channel was already the capitulation and the minus have been front running that especially with that huge sell-off here with the financial crisis, the coronavirus, probably the minus thought, well, this might be our opportunity here to front-run this thing, which is already inevitable to happen. Of course, guys, we have to keep in mind that the minus profitability with the halving right now has significantly decreased. So there is still a danger of a minus capitulation. But also do keep in mind that every minus capitulation provides the amazing buying indicators here for the short term, but so far, so good. It seems like this was the minus capitulation and it seems like there is maybe not a second minus capitulation coming up for Bitcoin right now. We have to keep that in mind. But the bottom line of this episode is a combination of the hash ribbon’s here, which you can see here on the bottom hand side and the N, V, V, Z score. It actually shows us the market value to realize the value of Bitcoin. So whenever Bitcoin is here in the green area, we are severely undervalued. And whenever we are in the red areas here, coincidentally at the all-time highs, always we are severely oversold. And the most important thing to mention here right now, though, is guys, and this is the bottom line of this episode, is that whenever we see a combination of the minus capitulation here, especially in combination with the huffing and also the LV RV here flashing, that Bitcoin is severely oversold. Whenever we have these two things coming together in Confluence, you can see here on the charts. Let me go into the charts that you can see every single time these two things were coming together. You can see it right here at the buy signal. Bitcoin was skyrocketing like crazy the last time to 14000. But the other time, immediately after the huffing, we saw this year by signal here, which this time we saw before the whole thing. Bitcoin was in combination with the severely oversold value here on the M.V. RV, on glass note, skyrocketing here to 20000 U.S. dollars. And this history seems to be repeating over and over again. Yet the people tend to forget the properties of Bitcoin, yet the people tend to try to bring out new narratives of minus flipping over to Bitcoin cash, minus escaping the Bitcoin network. And we see this death spiral evolving and bitcoin going to zero. We see these narratives all the time, and these narratives are only there to make you sell your big control. These people, guys do not get crazy. Zoom out. And if we are dumping tomorrow to five thousand dollars, whatever, guys, we see another buy signal flashing. The long term for Bitcoin is very bullish, guys. And please do not forget about that. This is actually why we are here for we love to do this short term trading. We love to put out these are trading indicators for you guys and also showing you how we are trading. By the way, guys, if you want to support us, scroll down. You’ll find all the free bonuses here on Biomet and Phoenix underpin comment down below. Make sure you check it out. We love to do that. We love to focus on short term trading will outperform the markets. Also on the shorter time frames. But the most important thing is the properties of Bitcoin. Bitcoin is money. And we want to be here when this whole system crumbles down. You want to have your scapegoat and you want to have your purchasing power and your wealth secured. And Bitcoin guys, do not forget about that. Guys have a long term hold portfolio and a short term trading portfolio. And with that being said, guys, thank you so much for watching. Thank you so much for supporting us here with the PIN comment. If you click these links to get the free bonuses only for the experience, trade us for zero point two Bitcoin deposit here, tried out on fee mix and also on Vibert if you haven’t already. We are on both exchanges and of course, scroll down, hit the subscribe button, get guys. You know the YouTube algorithm is changing and only if you hit the little bell you are not a slave to the YouTube I’d rhythm. Thank you so much for watching, guys. And we will see each other very soon at the next one of M-m Krypton. As always, guys, as always, bye-bye.
