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Uh crypto kids welcome back to another live stream today we’re going to be jumping into the price of Bitcoin as it is currently seeing a dump towards the downside ladies and gents uh thank you so much for tuning in you are all absolute Legends and in the meantime I’m

Checking if the audio uh is fine if the video is fine please do let me know as well if uh you can hear me all right and if the video is fine too so I’m just going to do a double check yes it all looks fine but without further Ado let’s

Jump straight into uh the price of Bitcoin and if you guys are watching this later on YouTube do make sure to watch until the end because we’re not only going to be discussing about the price of Bitcoin we’re also going to be discussing about ethereum which is

Unlike Bitcoin not seeing a drop towards the downside so it’s going to be super interesting to kind of analyze what both of these things are doing we have some very important updates regarding the ETFs and much much more but ladies and gents if you’re ready I’m ready let’s

Jump in and find out what’s happening to bitcoin so earlier on uh today with the moon show we were discussing that Bitcoin could potentially see a rejection towards the downside now if you’ve been a long-term viewer of the channel we also discussed that coming up towards the ETFs and launches we could

Go up to either between $48,500 or $50,000 $200 and this was in line with the two uh important Fibonacci retracements and um lines of lines of Fibonacci one was at the golden pocket and the other was at the 61.8 so we kind of landed right in between them at

$48,900 and then we saw a correction down and currently we’re sitting at 44k so that has been a pretty vigorous correction to be honest and U it was expected I mean the ETF was very much priced in and on the day of the launch we saw well after the day of the launch

We saw a correction down we also had a double top pattern forming but we broke the neckline uh very quick so there was no time to enter into a short trade I personally do not like to enter short trades in a bullish cycle uh but I like

To buy Bitcoin cheaper and I will let you guys know where I’m personally planning on buying Bitcoin cheaper if this dump continues but guys thank you so much for tuning in let’s Smash Up the likes to 100 likes I think 100 likes could be a very good Target for the

First um for the first couple of minutes but let me know where are you coming uh from around the world to watch this stream we have from uh some some viewers from Monaco which is incredible uh thank you so much for tuning in uh we have some viewers from well let’s see what

Happens right let’s see where you guys are tuning from uh and Mr M is also in the Stream which is absolutely incredible thank you so much for helping me set this up by the way you are absolutely uh a massive massive Legend Mr M thank you so much uh we have guests

Well not guests but viewers from Germany and Belgium Netherlands UK Japan which I will be there by the way in approximately two weeks but guys again thank you so much for tuning in let’s jump straight into it and discuss why this dump is happening well we broke

Down from The crucial level of support of this Rising wedge and in terms of next levels of uh price targets where Bitcoin can come down to we’re looking at $42,500 right here which we have previously seen some important level of support so if we bring out the

Horizontal line we can see that Bitcoin uh usually likes to come back down to this level trade a little bit in the shorter term time frames so 42.5 could be line to retrace back to now if that doesn’t hold then a more important one is looking uh if we want for a bigger

Line of support that has more impact on the Bitcoin price it’s going to be at $4,700 you can see clearly here that in bitcoin’s history on the 4H hourly time frame we corrected back to this 40.7k level multiple times found support and then continued rallying up so if Bitcoin

Does correct from this Rising Channel then I think that 40 points 7K could be a line to correct too and I don’t think Bitcoin will dump a crazy amount I mean if we go into the macro chart we do have um we do have a second MRI top and this

Candle is not looking good at all like I’ve been mentioning this in my previous video it looks like a textbook shooting star candle and if this seven period moving average crosses well if the three period moving average crosses into the 7 period moving average then I think it’s

Very much possible we make it down to the 34k level area in the more macro sense so coming up into next week I think the next week’s candle will be bearish we will be signaling a potential reversal in price and um I’m looking at $34,000 and

$38,000 to give us support So as I said I’m not shorting Bitcoin right today we may not drop much more but again it is very much possible that we come down to the 42 and 40K levels in the macro sense going into next week I think 38k and 34k

Will be attractive lines of support where Bitcoin has at 34k especially esecially 4.5 billion in liquidations and Bitcoin likes to grab that liquidity it’s normal so I’m looking out for those lines of support and I already have buy orders at both places which I will be

Showing you over on bitflex in just a second but what is not dumping is actually ethereum ethereum is going against all markets and is currently sitting at $2,600 and we have a target of 3.5k for ethereum now the reason for this is firstly we broke out of this ascending

Triangle that we’ve discussed multiple times on the channel we had a beautiful retest and now we’re heading all the way up to the 3.5k area so it looks super bullish currently the market looks super bullish for ethereum and we broke out of this bullish pennant too and uh on top

Of this we have some incredible news from Larry thinkink the CEO of Black Rock which we’ll get into again in just a couple of minutes you can see here ethereum compared to bitcoin is doing fantastically well we are pumping like crazy when we compare it to bitcoin and

This is a super bullish sign for ethereum as capital from Bitcoin while Capital enters Bitcoin first in every cycle then goes into ethereum and finally lands in altcoins so if I do some Hollywood movie Magic here and switch back to my face I can bring up the breaking news about ethereum that is

Causing this price move upwards so let’s jump into that into that as soon as possible and this is I am borrowing Carl’s setup here so I’ve not used this before I’m used to doing it on my laptop but it should be completely fine because we have have a better mic than usual so

It should be even better than the normal live streams but if we go over into my into my uh browser we can see that black rock CEO Larry fin says that he sees value in having an ethereum ETF now straight after the Bitcoin spot ETF approval we saw Will Clemente post a

Timeline for the ethereum spot ETFs you can see here that vanc Arc 21 shares hhex grayscale Invesco I shares Black Rock uh Fidelity they all want to launch an ethereum spot ETF and this this has been causing the price to right now sustain and saw a massive increase by by

Up to 133% I think we climbed to 13 14% since before we got this news regarding the ethereum spot ETFs and of course we got news about the xrp ETFs so I don’t want to burst your bubble here I think that an ethereum spot ETF would be absolutely fantastic and I’m really

Rooting for it but regarding what uh is going on in terms of you know what uh the secc chair said following his announcement regarding the Bitcoin spot ETF approvals he said that Bitcoin is a commodity under the sec’s perspective but every single other cryptocurrency is an unregistered commod uh sorry he said

That the Bitcoin is a commodity but every single other cryptocurrency in their perspective is an unregistered security so of course this doesn’t include xrp as they won their case against the SEC but it’s not looking too great for the ethereum spot ETF if we see pressure from black Croc and all of

These institutions yes it could definitely be approved but I think that the likelihood of an xrp spot ETF approval is sitting at a much higher probability compared to ethereum but if ethereum does follow the same the same kind of timeline as Bitcoin did leading up to a Bitcoin spot ETF launch then we

Should be pumping all the way up to the launching point with every single new fresh news that we get about it but on the day of the launch that will most likely be the top for ethereum and then we could see a drop back down now on

January 6th I posted this tweet here so after we see the attention shift from the Bitcoin ETFs I think that the new focus is going to be ethereum ETFs heading into February and that I’m slowly starting to reaccumulate more ethereum so this was posted on January

The 6th I think that was like 6 days ago now uh and I’ve lost complete track of time with the ETF approvals and live streaming day and night but um here I mentioned that I will be accumulating more ethereum and I’ve been doing so in my personal portfolio so if you do

Follow me on Twitter on this channel then again massive congratulations if you have been buying ethereum you should be up a lot in percentage but I still do think that 3.5 is the uh kind of Target for ethereum and I am planning on buying Bitcoin at 37.9 31 and 34k 31 would be

Amazing because it’s so fundamental support for Bitcoin whenever we come down to it we pump way higher entering into crazy new all-time highs crazy new bull markets but if we find resistance on it like we did uh entering into this bare cycle we we Dro by a massive percentage coming down eventually to

15.5k so 31k would be incredible coming up towards the halving especially and we find support there and after the Hing Bitcoin can just Skyrocket but guys thank you so much for tuning in I’m seeing all of your comments you are absolutely all incredible uh for watching the stream let’s get this uh

Stream to 100 likes that would be very very much appreciated but this is the targets that I’m looking to buy uh Bitcoin on if you are looking for a place to be trading Bitcoin or other cryptocurrencies you can head to the description of this video if you are

Watching it as a video and sign up to bitflex using this link or if you’re watching it in the live stream you can go to the top pin comment and you can get up to $888,888 worth in prizes and bonuses and I have a video linked as well on how to

Actually use a cryptocurrency exchange to trade explaining all types of orders how to set limit orders like I’ve done here for Bitcoin um and basically everything that you need to know so definitely check it out super educational only 20 minutes and very easy to understand now going into the

Other news so I will get to the to the ETF stuff because that is pretty mind-blowing and that’s kind of the main topic of the live stream too so this is Franklin Templeton and they are one of the Bitcoin spot ETF issuers and they hold approximately 1.5 trillion

Dollar under management so they actually changed their profile picture to a to Benjamin Franklin with the laser eyes so a $1.5 trillion asset manager doing this is I think Super bullish for Bitcoin and yeah I just wanted to point that out because I found it super super

Interesting now this is another piece of breaking news around the ETFs we’re going to jump into all of the prices of the ETFs I’m going to be explaining why the prices of the ETFs on different ones are different prices because I think it is a very common question that the

Community is asking we’re going to go into mstr micro strategy and why that is dumping and why I think personally it’s a better option compared to buying a Bitcoin spot ETF and we just have a bunch more from Eric balunas we’re going to be discussing total net flows into

These ETFs and its price impact to bitcoin on spot so make sure to stay tuned until the end to not miss out on any of that but going through the uh let’s go through it step by step so this was a podcast done by Laura uh Eric

Balunas and Nate gassi uh the two uh Nate gassi and Eric are of course the two guys that have been keeping us most informed about the ETFs and what the kind of updates are for the past week or two and massive respect to both of them thank you so much for keeping us

Informed with detailed and non-biased information we can see here that the community was shocked that Vanguard and other brokerage firms are actually blocking access to the Bitcoin ETFs now this has led to uh boycott Vanguard trending on Twitter led by Scott melker and um it’s crazy because Vanguard well

Their kind of reasoning for it is because their philosophies don’t align with the Bitcoin spot ETFs they don’t like to they don’t like assets which are crazy volatile in their perspective and um we see over here that we can actually play this potentially maybe coming closer to the end of the stream I’ll

Leave that for now because it’s going to it’s going to have to it’s going to make me change a bunch of stuff and I don’t want stuff to go wrong so we’ll leave this to the end of the stream but if you’re interested about why Vanguard is actually blocking off Bitcoin spot ETFs

And stick around until the end and um Vanguard is actually the second largest asset manager in the world uh behind Black Rock so this is not too great of news but in terms of the ETFs we can see that these are all kind of the almost

Latest right Bitcoin did see a dump um a couple of hours ago so actually going into these two hours so this price is a little inaccurate but it is mostly accurate and we can see here that these are all the net asset values traded traded volumes Naf per share share count

BTC in portfolio turnover Etc so a lot of people have been asking what is all of these numbers and how are why and why are all of these ETFs at different price points well that is a very very good question and earlier on today I wrote an entire thread on Twitter discussing

About how this actually works and shout out to tone vas for explaining it to me me um and yeah basically informing me how the kind of process with ETF goes around because I’m of course more in the um more in the ETF sorry in the crypto

Space rather than the ETFs but I think Bitcoin is dumping further more so let’s uh I want to check that out wow Bitcoin is at Now $43,500 ladies and gentlemen that is a massive massive dump so we’re actually nearing the uh we’re actually nearing the first buying point for Bitcoin at

$42,500 I think that’s the first first first line of support that we can come down to and then the second one would be at 4,750 right so those are the two points that I’m looking into again I’m not shorting Bitcoin I don’t short Bitcoin because um it is in a current bullish

Uptrend and I am looking to go all in into Bitcoin at these three price levels which um you can see over here on bitflex now uh we did close a lot of our profits at $46,900 which was basically the line of resistance here it is fundamentally incredibly important dating back to March of

2022 and um that’s where we took a lot of profits from our long position just a couple of days back so massive congrats to each and every one of you now we can go here that actually the the reason why Bitcoin is dumping is not because of the

Uh blocked access from Vanguard it’s due to other reasons um because basically we were mostly priced in it’s by the rumor sell the news we’ve talked about this multiple times on the channel and um hey that’s the reason why we’re pumping a lot of people bought into Bitcoin because Bitcoin was actually because

Bitcoin was you know going to be listed on the stock exchanges with ETFs and that’s why people bought now they’re selling by the rumor sell the news and um going into the other ETF prices they’re also going towards the downside we can see that gbtc has lost

2.41% uh Black Rock has lost 10.65% we’re seeing I think this is that yeah know this is rkb sorry for it’s this has gone down by 2.05% this is yeah there we go that’s Valkyrie Bitcoin fund down 8.26% and Franklin Bitcoin ETF down 1.96% so the difference between these is

Actually so we saw another piece of breaking news by the way now it’s revealed that black rock has over $120 million in Bitcoin and this number will increase drastically over time so we can see here it’s important to note that this is only valid if the price of

Bitcoin goes up so if the price of Bitcoin goes up then they will be accumulating more Bitcoin into their under into their um kind of asset basket because if there’s more volume more people buying the ETF then they need to create more shares create more shares and creating more shares involves

Accumulating more Bitcoin to support that and if the price drops it’s it’s very possible that they sell their Bitcoin potentially causing Bitcoin to drop harder than usual because if they sell and everybody else is selling well the price should drop faster and vice versa right so in summary the ratio of

Bitcoin held by the ETF issuer should be as close to being uh close as to being one to one with a value of the underlying asset itself and that’s the calculation that’s how you calculate the total um the total price for the actual ETF itself so you look at the BTC in

Portfolio you look at the latest traded price and that is how you calculate the price of the ETF and um going into the latest updates regarding uh the ETFs this was posted by ran yuner Crypt banter just a couple of hours ago and this was Eric’s response but quickly

Checking back into Bitcoin we are sitting at $43,750 of a good line of support but I am watching out for 40, 270 did we say 42,500 and 40 42,700 and 4,750 there we go I mix the both up but if we check ethereum ethereum is not getting too big of a hit

Actually in fact it is up 2.76% when compared to uh the other crypto assets that have been falling pretty hard yes we’re seeing a small retracement but it’s nothing compared to what Bitcoin is experiencing at this moment time but we’ll keep it in Bitcoin and then we’ll have a look at ethereum

Later on in the Stream too so Bitcoin is down 5.62% in the last 24 hours since the Bitcoin ETF listing and yeah it was expected but going over into the latest updates regarding the ETFs so uh here we can say that ranun uh the Bitcoin he he

Mentioned that the first day for Bitcoin trading was terribly unsuccessful most people are reporting that 4.5 billion was traded they’re not analyzing the data if you look at the numbers you will notice that total trade was 4. .6 billion gbtc was 50% of that 2.3 billion so the gbtc numbers were majority of

Sales outflows due to the higher fees and the old Bitcoin being locked up therefore the real numbers were close to approximately zero in net inflows however this is not kind of the case this is actually a little bit false says Eric balunas so a lot of people sending

Me this tweet on one hand if gptc outflows were big he’s right it was net neutral day for Bitcoin uh by sell by ETFs on the other it was a terrible huge success by all metrics volume of Trades flows media coverage it was smashing success historical right it was a

Smashing success and it was a very very historical event and we’ll get into uh where in the lead leaderboard we’re actually seeing uh the ETFs being listed and it is high up there from from my observation of volume and that was despite limited platform availability right so that was not available on

Vanguard for example just just relax and look at a multi-year process he’s completely right in the multi-year we’re going to be seeing flows from traditional investors at a much much more aggressive level into Bitcoin and this will cause the Bitcoin price to drastically increase over time when in

Doubt zoom out right we’re approaching the haling uh and we know what happens after the haling usually Bitcoin experiences a 25 30% correction coming towards it but after it uh we completely destroy those lost um those you know losses and we have massive profits and especially a year after the hobbing we

Kind of hit an alltime high on average if we look at the other Bitcoin Cycles so we can see here that congrats to bitb uh I forgot which ticker this was for winning day one of the Kentucky Derby as they as they call it with $238 million

In flows so fbtc I think that is by Fidelity was was close in second while IB ibit a distant third uh was also uh within that region but uh they’re they they’ve basically done well right so they’ve done very very well and here’s how the spot Bitcoin ETFs compared to

The big dogs spy the S&P 500 and the QQQ in volume yeast in in volume yeast uh and really they held their own especially in the number of Trades and shares and even notionally they got respect they got a respectable slice of the pie so you can see here this is kind

Of the pie chart comparison of notional traded volume of shares and number of Trades and this is incredible once when when you compare it to the top traded ETFs on the market this is really really impressive and it has been a massive success so this is kind of what has been

Said um and you know all they were told that 700,000 individual trades were set out yesterday and um yeah it’s just looking super super bullish for the Bitcoin ETFs BTO smashed a record in terms of volume traded and um here you can see that some of the fund flows from day one likely

Won’t be available until later tonight so there’s nothing to worry once we get the total volume which is actually net inflows rather than outflows is going to give us a better indication of whether this was successful or not but the top leader board to be watching out for is

The isar climate conscious and transition msca USA ETF but I would be comparing it more to the pro shares Bitcoin strategy ETF that launched at the top of the bull market and um of course the gldd ETF and if we do better than them I think it is a massive win we

Can see here that Beto had day one flows of $567 million and I think we have smashed that actually uh and we’ll get more deta we’ll get more data uh coming into the end end of the trading session today in New York and once we get that I

Think when Bitcoin makes it here a lot of mainstream media Outlets such as Wall Street Journal Etc they’re going to be posting about this and when they do uh more institutional investors that read this will fomo into Bitcoin and that should prevent us from having a massive

Massive dump in the very short term but as I said in the macro it looks like that Bitcoin is forming a shooting star candle and could reject all the way to 38 34 and maybe 31k but at all of those levels I’m going to be buying Bitcoin

And I’m not shorting it because the trend is your friend in technical analysis but there is something interesting that I came across now we’re comparing Bitcoin with the GLD ETF a lot but there’s something to be careful of because while GLD there are rumors that GLD doesn’t actually have the underlying

Asset of gold we don’t have uh all of that I think it’s like 68 billion worth of gold it’s not there but of course this is a rumor and once we compare it to the Bitcoin spot ETFs uh what we know is that the custodian is actually

Coinbase but if you go to coinbase asking for okay how much Bitcoin do these do these guys actually have and where is that well they won’t tell you because it’s confidential information uh for privacy reasons but we we don’t know for sure that that’s actually the truth

If they actually have the Bitcoin in the exchange overall uh and yes it’s more of a conspiracy theory but we know that black crck owns a lot of coinbase and um if that’s the situation we wouldn’t even know right so gold there are a lot of rumors crazy rumors that they don’t have

Enough of the underlying asset because it’s stored in the UK rather than in the US and uh if hey look if they didn’t have the Bitcoin as the underlying asset stored in coinbase none of us would know right and hey it’s um we can’t do anything about it that’s why it’s of

Course always better as retail traders to accumulate Bitcoin uh and store it in the safest way possible in actually fully decentralized cold wallets where we can keep control of it it’s just hard for institutional investors to kind of you know understand how the blockchain works overall and uh be bothered to do

That but as us guys that you know know about crypto and have been here for a while the best thing for us is if we want to accumulate Bitcoin we buy it from exchanges and store it on Open Source fully decentralized wallets I don’t like Ledger personally because

It’s not open source but um what I use is is trasor and a bunch of other stuff to diversify my risk now that was kind of the GLD ETF and Bitcoin is trading at $43,750 and for all of those uh of you that have just joined joined the stream

And God I can’t talk that means I need a sip of water okay that was nice make sure to smash up the like button I think we can easily get to 200 likes on the stream we’re currently sitting at 551 viewers so it be be much much appreciated if we

Can uh go to 200 likes that would be amazing but if we compare Bitcoin to how ethereum is doing we can see that ethereum is up 2.38% compared to bitcoin being down 5.23% and this is because right for all of the all of those that have been just

Joining the stream it’s because Black Rock CEO Larry finin says that he may see value in having ethereum ETF and that’s kind of the news that’s been holding ethereum up and uh perhaps if Bitcoin wasn’t dumping well ethereum could have been trading much higher than

Where we were today uh the total eth to BTC ratio uh eth is doing way way better than uh than Bitcoin and that’s why I have been accumulating ethereum these past couple of days I’ve been sharing it on Twitter too uh and I think that it’s going to do very well going into

February but we had the CPI data come out yesterday the overall core inflation rate is down from by 0.1% compared to 4% that we had uh in the last uh meeting uh sorry the report the CPI report however the CPI overall is up by 0.3% now what

Does this mean well the CPI metric is super important because it determines the interest rates and if interest rates go down then people will take their money out from their bank accounts and put it into assets such as Bitcoin and that’s what we want right now that Bitcoin has been classified as a

Commodity well it’s basically a hedge against inflation and um people will once they take their money from their bank accounts because they’re not getting enough interest anymore they will put it into more risky assets to potentially collect a higher reward now of course that includes um well real

Estate gold silver Etc but it may very well include Bitcoin now especially now that we have more access to institutional investors that um you know financial advisers and all these big companies like Black Rock and Fidelity they will they could potentially recommend it to their clientel to put

Bitcoin in their 401ks or their Roth eye eras and eventually this will create a lot of volume for Bitcoin and as Eric said we need to zoom out and focus in the macro scale in the macro everything is looking fine even though we’re seeing an expected correction on bitcoin uh we

Are looking at 42.5 and 40.75 Bitcoin is holding this level very nicely though uh so far right we could fall down further uh in terms of opening positions I am just going to buy Bitcoin lower I’m not looking to short Bitcoin and we can see since the last video the expectations of

A rate cut has increased to 68.1% in March so that would add to the bullishness that we have in the markets and uh it would enable hopefully investors to uh start spending money on more risky assets but even though that they’re not and interest rates are super

High the stock market is doing very well I think we created an all-time high actually for the stock market which is not bad at all honestly I’ve been expecting it to drop and uh it should be technically speaking U but I think it’s super manip manipulated at the moment um

And it’s going to be interesting to see what the stock market does what the FED does coming up to the US elections so that kind of wraps up uh what I wanted to talk about Bitcoin overall maybe if I do some movie Magic we can switch over

Into the price of ethereum and see how ethereum is holding up compared to bitcoin over on trading view so I just need to switch this so that I’m sharing my trading view uh Tab and we go there and we select the window we want to share so that’s ethereum perfect and if

We switch to the screen you should be seeing the price of ethereum compared to BTC so this is eth BTC tradeable on binance by the way and it has done a massive massive gain and once we look at etherium here um it is holding up pretty

Well yes it’s seen a small drop but it’s nothing compared to how much we’ve been pumping these past couple of days and again massive congrats if you did enter into an ethereum long trade or accumulated ethereum on spot as we broke out from this ascending triangle retested perfectly to this line of

Resistance broke out of this bullish pennant on smaller time frames and now it looks like that ethereum could be heading to the 3.5k level uh of course if the spot spot ETFs get approved if we get news that no hold on this is not happening from the SEC then uh it could

Cause a severe correction on ethereum so I would just be careful um I’m personally whatever I make in profits from ethereum I’m going to shift it back into Bitcoin as I do have the midterm goal of accumulating basically all of my portfolio in Bitcoin but what we’re

Seeing here is a reduction from the ascending Rising wedge right and we did see a breakdown followed by a double top and the targets that I’m looking for Bitcoin right now are 42.5 and 40.7k but in terms of you know the macro chart we’re getting very very close

Towards the Hing and getting so close towards the Hing uh right it’s just giving us massive opportunities to buying Bitcoin from my standpoint and by the way we smashed the two take profits for this parallel channel that we that we were talking about in multiple videos

Ago so we first came up to 45.8k as we discussed and then we smashed the 47.5k Target and now we’re seeing a direct reversal from those two levels so once again you guys are doing super well I’m hope I’m hoping um and I’m trying to do

My best to put the best content out for you guys as much as possible and I hope you’re enjoying them make sure to leave in the comment section below your thoughts and and thoughts for improvement for the content because of course I’m making these videos and live

Streams for you and I’d love to hear your feedback but guys let’s smash the like button to 200 likes I think it’s very very much possible that we do so uh and yeah it would be amazing so in the long-term scale we do have a golden

Cross on bitcoin but I did talk about this in previous videos too whenever we see a massive major cross over for the Bitcoin price with EMAs or smas the price is usually attracted towards it we kind of see a bounce and then we go exponentially higher that’s how moving

Averages work especially on larger time frames it tends to work even better so if this shooting store gets confirmed on the end of this candle right we may see that drop starting to happen we have to look out for 38k 34k and of course 31k would be beautiful and by the time we

See that drop it’s actually going to perfectly come and test to these moving averages and um look we can see how phenomenal this level is if I just draw a line of support at 31k I can demonstrate to you how crucial it really is so if we get a horizontal line here

And uh put it at 31k exactly you can see that Bitcoin back in uh 2020 when we had the first massive bull cycle we pumped all the way to4 $41,000 we saw a retest to this 31k level and ended up pumping all the way to $60,000 so Bitcoin saw

Like a let’s see how much percent it actually did uh after retesting here we pumped up by almost well actually over 100% which is incredible and we did the same thing after we see after we saw 64k we dumped back down to this 31k level and pumped to a new oldtime high of

$69,000 then we tried to correct back to it but we saw a relief rally and after seeing a relief rally to 44 uh to 46.9 which is where we took profits on our long trade uh then we saw a decrease to the 31k level again found resistance and

Entered into the massive bare Market where we dumped to $155,000 and Now ladies and gentlemen after breaking out of it it we entered into this massive parabolic move so if we dump to 31k would be beautiful but I think that 34k or 38k is much more likely to this now

The final topic of today’s video or live stream depending on when you’re watching it is xrp so I personally think that xrp is looking very very bullish and the news regarding the ETFs are not priced in at all so I think xrp having an ETF is much much more uh likely compared to

Ethereum having its ETF approved as the as xrp is basically not classified as a security whereas in terms of the sec’s perspective ethereum could be an unregistered security so xrp looks much more bullish to me U rather than ethereum but hey look we still do have a

3.5k target for ethereum uh ladies and gents let me know if you want me to have a quick look at any other altcoins if that is the situation uh do let me know uh if you want me to look at any and I’ll I’ll have a look at them before

Ending off the stream but other than that wishing all of you a very very happy weekend let me know in the chat and I’ll go through them very quickly uh and then we’ll go through any other emergency updates so in the meantime I’ll just scroll through Twitter to see

If there is anything that really catches my attention so if we go here um and see if there’s anything new from um from James saart or especially Eric balunas that would be great so we can see here um yeah there’s nothing new in terms of the ETFs which

Is beautiful we can have a very nice sleep finally after so many days and I can see all of your altcoins coming in I’m going to check them in just a second but hey look the inverse Kramer ETF is actually Kramer top called the top which

Was pretty crazy for the first time for the first time ethereum as Jim Kramer actually called it so let me let me switch over back into my browser this is going to really surprise you because it definitely did surprise me a lot as well so let’s um let’s do some movie Magic

And switch back into the uh the browser and if I share my screen here we can see that well Kramer was right and I can’t believe that I’m saying these but if you held inverse Kramer shares uh Kramer ETF shares you would be in a loss right now

Because he called it so earlier on today I said it was bullish but hey it’s not bullish it’s not bullish at all unfortunately and we hit 200 likes by the way you guys are absolutely fantastic thank you so much but look at that checking in with Larry

Williams major top in Bitcoin major and guess what look we got to admit he was right he was right for the first first time he was right and we just got to pay our respects to him and who was also right other than Jim Kramer that

Surprised us a lot actually was was um cppo right and cppo called this perfectly and his analysis was very very similar to ours so you can notice he was also calling a pump to the 48 to4 to $50,000 range uh coming up towards the ETF approvals and that’s exactly what we

Did right and now that we’re breaking down from the support of this Rising wedge uh he’s expecting to bitcoin to go down to the 30 31k region but I do need to add this I don’t think Bitcoin will drop below 31k I don’t think it’s going

To happen so if we come down there remind me right if I don’t follow my words I will definitely do so but do remind me to actually uh buy Bitcoin right because the psychology can get complicated if Bitcoin dumps to 30k then everybody’s going to be like oh 25k but

When we’re at 49k you could see all the mainstream media was like okay we’re going to see 500k so when there is a massive discrepancy between the two it’s usually a time to be either getting out or getting into positions it’s just the fearing greed index if there’s a lot of

Fear in the market it’s usually a time to buy if there’s a lot of greed then it’s a time to sell it’s very hard for people to do psychologically because well media tricks them uh but hey if you stick to your ta and disregard the emotion then um it should be it should

Be completely fine but hey he was right uh let’s see if we go down to that Target we basically have very similar ta so I’m going to leave a like on this cappo uh cappo tweet which is perfect but um let’s um let’s you know and don’t

Be misjudged right I do expect Bitcoin to eventually reach an all-time high very very soon coming up towards 2025 q1 and remember right the United States reached a national debt of $34 trillion increasing uh as we speak so I am just um I’m I I just can’t wait until January

2025 if uh we see that the US dollar starts losing its value and we see a Glo Global Bitcoin isation then Bitcoin will will go to tremendous places and that’s why however cheap we can buy Bitcoin I’m personally buying and um you know you can I I definitely read definitely would

Recommend reading the Bitcoin standard after reading that my entire perspective changed I was super bullish on bitcoin anyways but now I’m like mega mega bullish so definitely read the Bitcoin standard if you haven’t so already but uh I’m just looking at your comments now for for potential altcoins to look into

And um let’s see salana let’s have a look at salana because it is an alternative to ethereum right so let’s have a look at salana and see how salana is doing we all know that salana has been doing incredibly well uh but I I personally don’t like Salon as a

Blockchain too remember when there was so many transactions when um ethereum sorry when Salon nfts were a very hot topic kind of the entire kind of system used to used to uh you know stop working right I do remember while I was sending a transaction salana just went down and

After like an hour or so it came back up that was very worrying and um I don’t know if they’ve done any improvements I’m not too big of an altcoin guy uh we could ask maybe Da Vinci he would know better uh but if that’s the case then

Yes I’m back to being bullish on salana and uh We’ve not seen a drastic drop we we’ve only been down by 4% and once we compare it to how much we’ve pumped over the past couple of weeks of course it’s nothing so massive congrats if you are a

Salana holder what I can see though is a potential bull flag so if salana manages to break above $107 I think we can see a continuation in the rally towards the $125 to $130 region so that’s what I’m looking at for salana and if you guys do

Want to trade salana uh and multiple other cryptocurrencies you can head over to the description of the today’s live stream SL video and get up to $888,888 worth in prizes and bonuses by sending up the bitflex using this link and I have of course a full video on how to

Use a cryptocurrency exchange and actually how to trade um trade on a platform like this because I know it’s super confusing when you’re especially a beginner it took me a while to understand it so I created that fully simplified tutorial into basically going into everything that you can see on the

Screen right now but Bitcoin is at $43,500 uh somebody was asking are you going into a long position now no I’m not because we already have a long position which we took a lot of our profits at this range here and I’m glad we did because it was super important

Level of resistance we talked about this in multiple videos uh how far that resistance goes back of course this is the $10,000 trading challenge so there is there isn’t much um um there isn’t much equity in in this trade currently but um maybe going towards I I will put

A lot more here uh especially when I go all in into Bitcoin basically but this is just a a cool challenge that we’re doing so so far so good it’s doing so far so good uh the stop loss is at $4,650 and at that point of course we’d

Be buying Bitcoin for cheaper and we’d be closing this trade in profits anyways but that is kind of what I’m doing with my personal uh positions but uh let’s if let’s go into Dogecoin and then we’ll end it off because um it is late and I have been live streaming basically every

Single day now and um I need to just take a little bit of a rest and kind of take a vacation uh on on this weekend but I will be doing videos of course so do make sure to stay tuned turn on the notification Bell to not miss out on any

Updates if Bitcoin decides to crash further uh we’ll be here streaming it if Bitcoin pumps back we’ll also be here streaming it so let’s go and jump into the trading view charts and look into Dogecoin and while I do that I need to do some movie Magic as always uh and go

Into Dogecoin because that is one of the recommendations for from you guys to look into so let me stop sharing the browser and go into trading View and if we go into trading view we can go here and we can see that over on trading View

Uh we type in Dogecoin we’re going to be getting uh an interesting chart I know we were forming a massive triangle and I think that triangle has extended by a massive sum so we can still see here that uh it’s like a downward sloping resistance it’s like a sorry support

It’s looking pretty interesting here and if we draw a line of of resistance we can’t really do it I mean we’re testing we’re kind of testing it back which is bullish but I just can’t incorporate some of these candles that is annoying and that’s why it’s looking more like a

Curve more like a sloping level of support rather than a straight line support and I’m not a massive believer in these sloping um supports either but uh hey just for today why not take a look at it and uh it’s going to take some time to actually draw this out that

Is a bit a bit of an annoying one here on trading view but if we do this you can kind of see that the support is sloping so where I would be buying um Dogecoin essentially is actually I do have a lot of Dogecoin Holdings like I’ve mentioned previously in many many

Video videos because I am super bullish on it just because of Elon Musk and um if Dogecoin does dip more then I think 0.064 would be a good entry personally according to my TA of course always do your own research do your technical analysis your own technical analysis

Before trading or investing super super important but um other than that that’s kind of what I’m looking at right now and um if Dogecoin holds this level then we could be potentially seeing a massive move up especially if we see an altcoin season uh going into after the Hing and

The way to check when an altcoin season is going to start that’s going to be by going to the crypto cap uh excluding Bitcoin so crypto market cap excluding Bitcoin and we can see here uh this is it right if I jump into because I’ve

Saved it in uh in my lists and that should be it yeah there we go no that it’s the second one because it’s excluding Bitcoin and uh here we’re out of a massive accumulation phase a very similar one that we saw in 2019 so after we broke out from this accumul

Accumulation phase for the total crypto market cap excluding Bitcoin we saw a massive push towards the upside taking us to $1.58 trillion in market cap just a little bit more than that and now we’re breaking out of this accumulation Zone once again and I think altcoins do

Can do very very well so while they’re on a discount um at at this current moment in time I think it could be a good idea to start accumulating some altcoins with um Dogecoin being one of them and yeah that’s uh that pretty much summarizes our update on the markets I’m

Just thinking if there is anything else that I want to mention let me go through your comments one last time uh and see see what you guys are saying maybe I’ll save um I’ll wait for a Matic ta we’ll we’ll do that in the next video remind

Me if I don’t do it I think Matic is a very good one Stacks has been performing very very nicely actually and um we’ve we’ve mentioned Stacks in previous video so again congrats if you decided to hold some Stacks I’m I’m super bullish on it and anything anything that’s building on

Bitcoin working on working on making Bitcoin better I am very bullish on overall uh and and I’m just trying to look through the comments we do have a lot of comments coming in here you guys are absolutely fantastic thank you so much for your support uh but yeah I

Think that kind of concludes it Matic I’m super bullish on because all of the gaming projects are actually building on Matic and in terms of the layer one blockchains I think polygon or madic or whatever it is it’s still a bit confusing I think that’s the best one

Out of all of them I think BMB chain is nice I think madic is nice but salana tends to crash a lot when there’s a lot of congestion or a lot of people using the network ethereum there’s a lot of gas fees and um I think in the top

Altcoins overall I think poka dot is nice but um hey I’m just looking for a new layer one that can enable more and more coders that know different languages such as U you know python or JavaScript that can code in one blockchain so that we don’t maybe I’ll

Make a full video on this this is very interesting and one of my friends is developing a layer one project and I’m super interested in it because we need to bring as many coders and developers into crypto as much as possible and currently it’s super hard for a python

Developer or a j JavaScript developer to be coming into the crypto space uh not knowing substrate not knowing rust and start developing products on crypto and uh once we create a solution a layer one that enables uh enables these existing developers to come and build on crypto

Or Bitcoin or any of the other cryptocurrencies I think we’ll see a massive inflow of users and create a mainstream product other than Bitcoin that everyone uses on a day-to-day basis but ladies and gentlemen that summarizes our video for today thank you so much for tuning into the live stream or

Watching the full video if you are watching this after it’s posted uh if there is any other significant price move we’ll be covering it live or making a video so make sure to turn on the notification Bell if you haven’t already subscribe leave a like ladies and gents

I’m crypto kid have a beautiful weekend and I will see you all very soon take care everyone and bye-bye