in

URGENT!!! BITCOIN DIAMOND BREAKOUT TODAY!! | US DOLLAR HYPERINFLATION CONFIRMED!!!

VIDEO TRANSCRIPT

In this video, the Bitcoin price is currently forming this very, very interesting diamond pattern. I’m going to take a look at what this means for the bid comprise. This pattern is called a diamond torp, and it is basically a reversal pattern. I’m going to show you exactly the targets and I’m going to show you exactly what we should expect because this pattern is most likely going to break out today. And the big news for today, Jerome Powell was featured in 60 Minutes. And in this interview, he gives us proof that hyperinflation is coming. I’m going to show you a few clips from this interview and you will find this mind-blowing for sure. And if you think that that sounds interesting, that I think you should difficult. Hello and welcome to the Moon. My name is Carl, and I’m here to bring you this Bitcoin video. All right. So we do have a pattern here that resembles something that is called a diamond top pattern. And if it’s at the bottom, it’s a diamond bottom pattern. And of course, the first thing that you need to take a look at when you find one of these is this diamond shape where Bitcoin is or the asset is bouncing between supporting resistance, forming this diamond shape, and also something from my experience that seems to be a key proponent. Is this middle candle? Very often in a diamond pattern, I see this big, big candle. It could be to the upside and it could be to the downside. But we usually see a huge volatile move that basically goes from the top down to the bottom and sometimes from the bottom up to the top. So basically a big move in the middle of the pattern. That is something that I’ve seen many, many times. And this is where we see this pattern, which gives me a reason to believe that this might indeed be a diamond pattern. And every time I talk about the diamond pattern, there are always some comments talking about how ridiculous it is that I’m drawing these lines, showing us a diamond pattern. But if you go over to maybe the most respected guy in charge patterns, Mr Blue Koski. This site is the pattern sites, dot com, maybe the most respected source for chart patterns. And here you have this Bukovsky diamond top. And if I’m not entirely mistaken, I even think that he is the one who discovered this diamond pattern. But regardless, here you see the diamond top, a move into the pattern that we see this diamond formation and then we move down from the pattern. All right. So let’s take a look at some of these characteristics. First of all, the price trend should be upward leading into the pattern. And looking at the party, we can see here that we had an upwards trend leading into the pattern. So that checks out. And then it’s supposed to look like a diamond, but one usually tilted to this side. And this is something that we see also. Of course, we have a diamond, but it’s a little bit tilted to one side here. And we need the price to touch each trend line once or twice. But don’t worry if your lines cross some of the price outliers. So basically, we can see that we have some outliers here. I’m pretty sure this is what he means, that it doesn’t have to be perfect. And then we have a volume trend downward. Fifty-nine percent of the time, our volume trend is actually upwards in the first part of the pattern and then downwards in the latter part of the pattern. But I think this is not a big problem. And then we have breakouts downward. Fifty-seven percent of the time. What does this mean? Well, this basically just means that we will break down. Fifty-seven percent of the time and we will break up. Forty-three percent of the time. So slightly bearish. That is what we know from this pattern. How about the target talking a calculated target? Well, let’s just consult Mr Bukovsky once again here. And basically, you can read all of this if you want to. If you want to. But very, very simply, if you go back to the chart, what we should do here is if this breaks to the upside. Then we should expect a target to be calculated, something like this. And Bitcoin should come up all the way up to eleven thousand dollars approximately. If Bitcoin breaks down, then we should come down back to where the pattern started down there. And this gives us a target of seven thousand seven hundred and sixty dollars. If we break down and as it gets here, we’re getting closer and closer and closer to the apex of this diamond, which means that Bitcoin needs to have a breakout before the 20th of May. This gives us two days, basically. But I think we’re probably going to see a big breakout today because usually, we don’t see an up at the end of the apex. We usually see it slightly before. So a breakout today is very, very likely. And like I said, there’s a slight bearish bias, but very, very slight. I think we could almost just call this a 50 50 chance. And that’s why I wanted to consult you guys. What do you think is going to happen? Please vote in this poll right now. Will this pattern break up or will this pattern break down? And next up, the average cost to send one bitcoin is now up to three-point seventy-five dollars. This is still a lot cheaper than a bank transfer. According to Matty Greenspan, here we can see that, yes, this average transaction cost has been going up. And some people will say that this is a big problem because this means you can’t buy a cup of coffee with Bitcoin. But personally, I don’t think this is a problem because I don’t think that Bitcoin was meant for buying a cup of coffee. I think Bitcoin is meant as a final settlement layer. And there will be second layers on top of Bitcoin, even third layers on top of Bitcoin, like a lightning network and any other type of secondary solution. And on these layers, that’s where all of these small transactions will be made, where we can get almost zero fees and almost instant transactions. And this means that we can get these very, very quick transactions very, very cheaply with much more security than the old coins that can provide simular performance. So when you use an old coin that is extremely quick and extremely cheap, then basically they have been sacrificing security to give room for convenience. But with Bitcoin, you can get full security if you use on-chain. If you use secondary solutions, you will get slightly less security. That’s true, but still much more secure than all of these old coins. And next up, this is the big story for today. Jerome Powell, the Federal Reserve chairman, was featured in 60 Minutes and he was talking about their monetary policies. What he said was very, very interesting because usually the Federal Reserve and the Federal Reserve chairman is using these very, very complicated words like quantitative easing in fiscal policy. And it just sounds very complicated and complex. And essentially, it’s just a way to hide the truth that they are printing Cursi out of nothing. But this time, he actually puts it very, very plainly right in your face. So let’s take a look at this. Listen to what he says about their current monetary policies. Simply flooded the system with money. Yes, we did. That’s another way to think about it. We did. Where does it come from? Do you just print? We print it digitally, so you know, we as a central bank, we have the ability to create money digitally and we do that by buying Treasury bills or bonds or other government-guaranteed securities, an act that actually increases the money supply. We also print actual currency and we distribute that to the Federal Reserve banks. This is actually the first time I’ve heard a central banker admits that they are printing money out of nothing without using the word quantitative easing or any other complex words. He’s actually putting it very, very simply. And he’s talking about this digital creation of money. And this is expanding the money supply. And, of course, this begs the question, where does this end? Well, let’s take a listen to what he says about that in this clip. As the Fed has done all it can do. Well, there’s a lot more we can do. We’re not out of ammunition by a long shot. Now, there’s really no limit to what we can do with these lending programs that we have. And it does not take a genius to understand that this will lead to hyper inflation. I mean, he’s admitting right in our face here that they have no limits to what they can do. They can expand the currency supply into infinity. But when we have seen countries do this before, like the Weimer Republic, Venezuela, Zimbabwe and a dozen other countries. This leads to hyper inflation eventually. And this, of course, leads to the collapse of the currency that is hyperinflated. So it will probably not take long before we see the dollar come under a huge amount of pressure from this currency expansion. And eventually, we will see global hyperinflation because the dollar is actually backing up all of the other fiat currencies around the world. So if you hyper inflate the dollar, then you are essentially hyper inflating the whole world because the dollar is the foundation of the world economy today. It’s the world reserve currency. And this is a key point for Bitcoin because Bitcoin, if it was used as a world reserve currency, then at least you couldn’t inflate the world reserve currency. You could inflate all the other layers on top of Bitcoin. But Bitcoin itself can never, ever be manipulated. And that’s a key point about Bitcoin. And that’s why I believe that Bitcoin should be our world reserve currency in the future. And there has also been a lot of speculation about negative interest rates. We’ve seen that in countries around the world, like Sweden, Switzerland, Denmark, Japan. We’ve seen negative interest rates. And the big question is, will the U.S. also have negative interest rates? And General Powell says the following about negative interest rates in the early days of the crisis. In this board room, you and the committee. Lowered interest rates essentially to zero. Would you lower them further into negative territory, which the president has suggested is a good idea around this table during the last crisis and during the recovery? We looked at negative interest rates and it’s something we decided not to do. We used other tools instead and those tools and evolved forward guidance about the federal funds rate and also lots of asset purchases or quantitative easing, as it’s often referred to. I continue to think and my colleagues on the Federal Open Market Committee continue to think that negative interest rates, this is probably not an appropriate or useful policy for us here in the United States. And why not? The president seems to think it would help. The evidence on whether it helps is quite mixed. The issue is people would be depositing money in the bank. And that money would be shrinking. They’d be paying interest to put their money in the bank. So it’s not a particularly popular policy, as you can imagine. But in addition, it can also do tend to depress the profitability of banks, which makes them likely to lend less, which weighs on economic growth. So I would just say it’s not at all settled in, you know, an economic analysis that negative rates really add much value. I think the idea of negative interest rates is something that a lot of people have a difficult time getting their head around. Would you explain it to me? Well, rather than being paid interest on yours. Cash, you pay interest to the bank. If you borrow money, they pay you to borrow money. And if you lend them money by putting it in a bank, then they pay you money. So the banks would pay people to borrow money, essentially. Yes. And that would conceivably cause more business and commerce to happen. It would. But, you know, this has been tried. We have negative policy rates in many countries around the world as a result of the financial crisis. And there’s no clear finding that it actually does support economic activity on Net and it introduces distortions into the financial system, which I think offset that. So, you know, there are plenty of people who think net negative interest rates are a good policy, but we don’t really think so at the Federal Reserve. And I think there’s it’s an area of real uncertainty in the central banking world. So this means that we will probably not see negative interest rates in the near future. However, this could change because if there is anything that we know from bankers and politicians is that they can never hold what they are promising. So if they say that they will not do something today, then next week they are just going to go ahead and do it. And then they will say that something changed and they had to revise their plan or whatever. I think we will see negative interest rates globally in the next few, maybe months, or at least in the next couple of years as we see this financial crisis escalate and get much deeper. Eventually, people will react to the massive currency printing and they will need to take these other tools into consideration. So basically, a central banker only has two tools. They can print money and they can manipulate interest rates and currency. The Fed is doing a lot of currency printing. The next step would be to lower interest rates. So, yeah, let’s see what happens in the future. But I guess this is at least evidence that we will not see negative interest rates in the near future. And guys, if you believe that hyper inflation is coming to the U.S. dollar, please leave a thumbs up down below. And if you haven’t seen this video, that thing. But right now and I’ll see you guys tomorrow.

Report

Ledger Nano X - The secure hardware wallet

What do you think?

Comments

Leave a Reply
  1. But the thing what made gold, the dollar, sea shells, all currencies is that the majority of people saw value in those things. Without mass adoption btc will just be what it is right now. A speculative asset.

  2. USD dollar will never be weaker than other currencies – with exception to the other odd 3-5 power currencies.
    The Emerging Brick and other currencies always get fucked more and its a complete bullshit domino affect because of a country's poorly managed economy. Im not sure how these Central banks work even but it seems the blind leads the blind with excessive printing, such a fuck up .

  3. I believe peter Brandt on bitcoin going MOON. The reason is he’s trustworthy in what he says openly AND he’s trustworthy in his ability to analyze asset charts and projections.

    He was the biggest bear during the bitcoin 2017 peak right before it crashed he got me to sell all my bitcoin. Then he got me to buy bitcoin when it was below $4500. Now look at it at $10k. It’s going up during this world economic

Leave a Reply

Loading…

0