BITCOIN IS ABOUT TO TRAP EVERYONE !!!

❎ TRADE ON BITFLEX (UP TO $88,888 IN REWARDS & BONUSES): https://cryptokid.io/BITFLEX (No KYC)
Learn How to Trade Crypto! 👉 https://youtu.be/uLy4EB0kj8M
The Bitcoin price action is looking very interesting, let’s see what the upcoming days bring on!

BITCOIN IS ABOUT TO TRAP EVERYONE !!!

🔸 SIGN UP TO BYBIT: https://cryptokid.io/BYBIT (UP TO $30,000 BONUS)
📊 Crypto Portfolio Tracker: https://cryptokid.io/CoinStats (43% OFF)
📈 Chart on TradingView: https://cryptokid.io/TradingView
⚡ HALVING COUNTDOWN: https://cryptokid.com/halving-countdown
🚀Join my FREE ALPHA channel on Telegram: https://t.me/CryptoEfeAlpha

👇 Follow my socials for DAILY ALPHA👇
🐦 Twitter: https://twitter.com/CryptoKidcom
📸 Instagram: https://www.instagram.com/cryptokid
🕺 TikTok: http://www.tiktok.com/@crypto_kidd
📧 Get in Touch: contact@cryptokid.com

Timestamps:
00:00 Bitcoin Analysis
03:29 Halving
04:31 Ethereum ETFs
05:20 On-chain Metrics
06:38 Bitcoin Spot ETF Data
07:45 Vanguard & BlackRock
09:25 Interest Rates

#Bitcoin #Crypto #Trading

DISCLAIMER: Virtual Asset values are variable, cannot be guaranteed and can be highly volatile. Nothing on this channel is financial advice, just my opinion only.

Advertiser Disclosure: Some of the links and other products that appear are from companies which Crypto Kid may earn an affiliate commission from.

Crypto kids welcome back to another video and in today’s video we’re going to be jumping into the price of Bitcoin which on The Daily time frame doesn’t look too bad at all because we are about to see a bullish cross over on the stochastic alongside the cmf which is

The total money flowing into Bitcoin starting to head up now the last time that Bitcoin saw a bullish cross over in the oversold region uh was in the was in October of last year and uh this was when Bitcoin was trading at $30,000 now of course since then Bitcoin pumped to

49k I’m not saying we’re going to have a $119,000 pump on bitcoin just now but I am saying that it’s possible we come back up to the 44 and that is a terribly drawn line let’s let’s actually use the proper tool for it let’s uh it is

Possible that we can come back up to the 44,990 K levels I think in the short term that could be a possibility as we held the 42.5 nicely right uh let’s let’s see how this candle closes how today’s candle closes we of course broke down from this Rising wedge which we discussed last

Week live and we mentioned that 42.5 and if we don’t hold that 40.7 could be good targets to look at Bitcoin uh we held the first one nicely so far and uh that could cause a short-term reversal back up however on the weekly time frame we

We got to be very careful because the the candle we saw last week was a very weak one as it was a massive exhaustion of buyers and on top of this we can see that the three period and seven period moving averages are about to see a cross

Over into each other and a bearish one so this is a part of a trading system called consensio and whenever we first see the short and Midterm moving averages cross into each other we can usually expect a move towards the downside and you can see here the last

Ones that we’ve we’ve kind of experienced so far in Bitcoin um in the you know in the past 3 4 years was in in 1 July of last year that led to a dump from 31 to 25k we also saw another one here but the most drastic one which we

Can compare after a pretty bullish move upwards was I would say back in the top of the previous bull market and that was at well that was at $59,000 and you guys know the story of what happened to bitcoin after we saw that so if these two moving averages do close into each

Other which could be happening uh in the next candle depends on how this week’s candle closes is if we close in the red or in the green uh we may see a confirmation there and alongside this weakness candle uh we could see a drop 2

37 to 34k um areas but if we do see that then we are prepared as uh we do have trades for Bitcoin Set uh to buy up and accumulate more Bitcoin between 31 if that’s ever going to happen uh to 37.9k so if I show you U my trades

Active here we can see that these are my current buy orders that I have set on on bitflex and in terms of my current long position I’m still holding it here on the $10,000 trading challenge account that we want to take to $100,000 by the end of this year and it’s still in

Profits my uh stop loss is above Break Even uh but I’ll just keep it right and if we do see a drop from here then I’ll just be accumulating Bitcoin for cheaper but if you guys are looking for a place to be buying or trading Bitcoin and other cryptocurrencies you can head over

To the description of today’s video and sign up to bitf flx and try it out and I want to switch over into the onchain metrics we do have the liquidity heat map that I’ll show you very quickly we have $5 billion worth of liquidity piled up at

$34,000 now the last time that I checked this it was 4.5 billion so we increased by approximately 500 million in liquidity at 34 and the higher this is the higher it’s going going to attract Bitcoin to those levels now it’s it would be actually very bullish if that

Happens right so the higher Bitcoin goes up or any asset goes up the harder the drop and if we can have this retracement now after the Hing it’s just going to enable us to go in a much more parabolic move and yes on the uh on the Hing chart

The monthly candle doesn’t look too great either uh it is a reversal candle in February we don’t usually tend to perform well with Bitcoin but you know March April May onwards I think that the market can continue picking up from where it left off of The Narrative is

Going to shift from the Bitcoin spot ETFs to the Hing very soon and the ethereum ETFs which I do have some news on now I would be careful with the ethereum ETFs I think that they’re going to be approved at some point but I don’t think that according to James as well

It’s not going to be approved as soon as everybody thinks it’s going to be approved it’s just going to take some time right so they’re significantly lower than the urgency is significantly lower than where we were with the Bitcoin ETFs we had court orders that was you know kind of pressuring the secc

To get them through so ethereum has been seeing a pump but we can expect that to fade away eventually if the news is a little bit more disappointing than What markets anticipated but if not then bit then ethereum could be going higher we do have a position sat on ethereum if we do

Drop to I believe it was $2,350 so once this activates I will be letting you guys know on where I’m planning on taking profit and putting my stop loss but in terms of the onchain data we know that after the Hing uh Bitcoin is going to have the the overall

900 Bitcoin supply per day that is released in the market is going to be cut drastically and once this happens uh we already have the exchange inflows or the total exchange Bitcoin Holdings are dropping significantly but we have the capital of normal investors wanting to put money into these exchanges

Increasing so there’s more investors demanding to buy crypto assets we have the ETF providers needing to buy more Bitcoin um to put it in their basket as as long as Bitcoin goes up and um all of these is creating a massive demand for the asset of Bitcoin itself however

After the Hing the total available Supply is going to be cut so much then we may be seeing a situation where demand outway Supply by great margin causing the price of Bitcoin to just go up based off of that basic fundamental uh economic theory and if this happens

It would be fantastic uh and we know that the total hash rate for Bitcoin is reaching new all-time highs and this is the total amount of computing power that is attached to bitcoin’s network and the more hash rate the better it’s going to make bit Co more C more decentralized

And more robust basically so this is another very bullish metric for the Bitcoin blockchain and overall we look very very well and for everyone that have been calling the ETFs not successful or um you know the volume has been dropping off yes it’s been dropping off but according to Eric uh day3 volume

So far has half a billion for the newborn 9 UM ETFs which is healthy about the same pattern drop off rate is Beto which launched the top of the previous bull market and made it into the top 25 most successful ETF launches in history and ibit which is the Black Rock one is

Keeping lead to being one of the most likely uh options to overtake gbtc as liquidity King we know that there’s a lot of outflows from gbtc into well hopefully the spot ETFs or Bitcoin uh however yes we we can’t know for sure but in summary the ETFs are doing

Completely fine there’s nothing to be worried about this was super interesting because a lot of people have been saying that the SEC will never approve the ETFs or that the SEC chair may not approve them in the last second or it’s going to be funny when no one cares when they

Launch and Etc but I just think that everybody thinking this way is super bullish as the markets tend to do exactly the opposite of what people think it will do and just to clarify the situation with Vanguard Vanguard is not offering Bitcoin to their clients because it it doesn’t go ahead with

Their values as a company they’re not a fan of Commodities overall as they believe that they lack intrinsic value which is fine um Vanguard we don’t need Vanguard it’s okay we have black rock which is bigger than Vanguard offering the Bitcoin spot ETF and speaking about Black Rock they just dropped a new

Commercial for their Bitcoin spot ETFs and uh honestly go watch it I’ve I’ve retweeted it over at crypto kidcom honestly speaking I think it’s super cool for people that have just heard heard what Bitcoin is in the traditional Finance space but don’t really know why the Bitcoin ETFs are super important and

Um I think that this video or a commercial explains it very well and could attract a much wider audience so massive props to Black Rock for producing this commercial I think it’s super successful you can check it out it’s only 1 minute 56 seconds long I

Won’t play it in the video but you can go over to my Twitter and uh have a look at it and while you’re there do check out this one too because on the weekend Larry fin the CEO of Black Rock mentioned that he believes all Financial assets are going to be tokenized now

This video made me super bullish about blockchain technology and every single provider that tries to to find a solution to put Financial assets on the blockchain I think could do very well and this includes xrp so that’s why in the next video I am planning on buying

Xrp from from spot is I think that the xrp spot ETF is definitely not priced in at all and uh this is something that everybody is missing out on so I definitely recommend watching this it will make you super bullish on blockchain web3 um as a space um you

Know in the totality but ladies and gents I think that coming up towards March where we have a chance of having the interest rates dropping significantly alongside the haling these two combined could cause Bitcoin to have another leg up uh potentially even higher than what we saw with the Bitcoin

Spot ETFs so I’ll be watching out for those two events and uh if there is anything that comes in my way of course I’ll be alerting you here on the crypto kid channel so make sure to subscribe turn on the notification Bell to not miss out on any updates and leave a like

If you haven’t already guys and girls I’m crypto kid have a great night or morning wherever you are whenever you are as Da Vinci likes to say but guys good night and I’ll see you all very soon so everyone take care have a nice day and bye-bye