BITCOIN SIGNAL FLASHING!!!!!!!! [must watch] BITCOIN CRITICAL PRICE ALERT!!!!!!!! ⚠️ I AM TAKING DRAMATIC ACTIONS ON BITCOIN &… BITCOIN: THIS WILL BREAK THE INTERNET!!! [trap]
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Boom shock Locka Bitcoin on the verge of a boxing day breakout with this one confounding signal and this absolutely massive narrowing cross stay tuned what is up everyone R here from crypto love today’s video a lot of very interesting charts for Bitcoin and cryptocurrencies including this massive chart right here
Before we get into it guys Merry Christmas Eve to everybody out there who celebrates it and to those of you who don’t well just regular normal day salute to you now Bitcoin fear and greed index at 71 up from yesterday’s 70 down from last week’s 73 the overall market
Up a little over 1% today Bitcoin at 43 568 ethereum at 2287 salana at 109 BMB at 267 xrp 61 cents cardano 61 cents Avalanche $47 and Dogecoin 9 and Bitcoin still sitting on the underside of the this support and resistance line starting to kind of I don’t know flatten
Out there if we can’t gain some momentum or boing day breakout well price could be headed down towards the 50-day moving average getting close to $40,000 at this point now if we take a look here Bitcoin is forming the same less than 10% rectangular consolidation that we saw
Back here the RSI behavior is the same coiling up if it breaks out the 22nd day of consolidation that would be a big gift for boxing day and for those of you who don’t know what boxing day is well that’s the day after Christmas so could
Be coming not a Christmas gift but the 26th of December gift if we take a look comparing this cycle in red with previous Cycles we are right in the mix for where we see cycles and cost bases pretty much on par for course now we have the ETF deadline coming up very
Very soon and then shortly after that the halfing so some big events coming up up for Bitcoin could push the price higher unless you look at this and wonder what the heck is going on there has been a noticeable decrease over 1.1% which is significant of the number of
Entities holding at least 1,000 Bitcoin in the last 3 days why are they selling or why are they getting rid of Bitcoin do they know something we don’t know did the ETF not get approved or are they just selling it for tax reasons who the
Heck knows what’s going on but that is a very noticeable drop over the past 3 days 1% however take it as a grain of salt because when you kind of zoom out just a touch it’s the eve before Christmas but it’s also the eve before the Bitcoin
Spot ETF the day is coming fast when Bitcoin becomes a mainstream bucket for wealth allocation when that day comes if we take a look the top 1% most wealthy will only be able to hold 0.87 Bitcoin that means if you hold a Bitcoin you’re in the top wealthiest
Part of the population of the world that’s how it goes around so and that top one% owns 59.4 or excuse me 59.4 million people not the trillion people who are millionaires but this is the 59.4 million people who are bigger than the millionaires so could be very very huge
For Bitcoin now this indicator right here obv one of my favorite indicators other than the macd obv is one leading indicator that we have for Bitcoin generally goes up before Bitcoin giving us a hint of what’s to come now this is the 2month obv seeing absolutely new highs right here breaking through
Previous resistance historically it’s meant a new all-time high was no more than two months away yes you heard it right by February we could have a new all-time high and the top was 6 to 10 months away by June to October of 2024 we could have a new alltime high top so
That’s looking quite exciting for Bitcoin also for altcoins altcoins are breaking out of the alt season index similar what we saw here in 2020 maybe a little bit of a run first this was probably I think when defi started to take off and then there was a bit of a
Drop and then boom really took off well we’re seeing the same thing right now where it’s breaking out from the bottom maybe find a little bit of resistance Maybe not maybe all these gains are due to salana who knows but if it doesn’t could be headed towards a massive alt
Season and right now Bitcoin just on track bull season loading has not broken or has just broken out of the cup right here but that territory and the halfing leads two massive massive rallies for Bitcoin especially when you consider this the biggest Bull Run could be approaching for Bitcoin the weekly ma
100 and weekly ma 200 crossed a few weeks ago it’s never happened in history and bitcoin price reacted pretty well going to full berserk mode when it did notice in history when there was a narrowing of the moving averages this was right before massive Bull Run territory so with this narrowing
Happening imagine when that cross occurs again which should be in a few weeks oh things could be absolutely sent into insane berserk mode so that’s all for today’s episode if you enjoy push a like button I’ll catch you guys later Merry Christmas Eve and uh have a good one
Love you peace if you don’t think bitcoin’s going to a million dollars a coin and then $10 million a coin you’re already a loser from now on if you don’t own Bitcoin you’re a
29 Comments
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