Crazy World of Crypto | Internet Computer (ICP) News & Charts

This video focuses on the Internet Computer & General Crypto News Headlines of today. In this video, we also check out ICP price action and the crypto charts.
Check out William Laurent here: https://twitter.com/WilliamLaurent3

Ladies and gents six F here from YouTube and in today’s video guess what we’re talking about definity internet computer and guess what we’re talking about some crazy crypto news that’s going down right now but first definity announces that applications are open for a hackathon now this is very interesting

Track one is awesome ICP track two is ICP and Bitcoin track three is ICP and ethereum and they have partnered with encode Club to bring several different grants to the finalist now if you’re not familiar with what a hackathon is basically it’s where developers compete against each other in a specified period

Of time to create applications things like that looks like they’re awarding a $225,000 developer Grant and a $55,000 uh developer Grant so what’s very interesting about this is that these get paid to the winners in ICP so if they’ve got a really good idea they

Might just be able to shove that ICP and wait for the price to three or four or 5x and then they’re sitting on a good chunk of change to really execute their projects things like that now definity has announced that there are some great projects that be are being onboarded on

The ICP uh they go to list several of them uh the IC service bus miring web 2 service bus architectures uh streamlines and scales inter canister communication a lot of this is beyond my knowledge of like the techy side of things uh but Tabby posos is a blockchain payment

Solution that integrates a hardware terminal with point of uh point of sale software that seamlessly merges the blockchain with the real world business operations so it’ll be interesting to see how this works out now I’m guessing what happens is that uh you download an app Tabby posos or something like that

Or you have some sort of credit card that is linked to your crypto wallet or something like that and boom you can make payments uh whatever I haven’t really looked into it too much but it’s very interesting committable doio provides a platform or underscore iio provides a platform where developers can

Authenticate their contributions using developer did and basically did stands for like decentralized identity and verifiable Pro profiles uh so this is kind of interesting I mean we’re also seeing them announce that uh inverter Network simplifies blockchain development with modular infrastructure and the inverter open library of modules and audited repository of reusable smart

Contracts for customizable protocols that sounds pretty cool because there’s a lot of things that just don’t need to be rebuilt right we shouldn’t be rebuilding the wheel for every sing single vehicle that we make uh makes sense here uh as well there’s some really crazy I thought that this this

Kind of this article here by D kind of gave me the creeps um but Larry finin says Bitcoin is bigger than any government Black Rock CEO Larry Frink think about this for a second folks everybody in their brother knows that black rock I don’t know what do they

Control like trillions and trillions of dollars worth assets they’ve got more money than the government and the government prints it so like it’s insane to me that Larry thinkink is coming out and saying Bitcoin is bigger than any government now Larry thinkink has kind of flip-flopped on crypto especially

Bitcoin over the years um but he sh basically he shed his crypto skeptic shell today and defend defended Bitcoin as a check against authoritarian governments so that is very interesting to see and you do see a lot of people especially like in third world countries that have access to bitcoin and things

Like that abandoning their native currencies which is very interesting they are favoring Bitcoin uh things like that but you know like I was saying uh Larry Fink he really fed Bitcoin hard during 2017 uh so he’s kind of come around in what’s what’s crazy about it is fank acknowledged bitcoin’s use in the

Illicit activity today he said his view on bitcoin began turning around in the midst of a pandemic telling the broadcaster that there is also much opportunity in Bitcoin now it doesn’t matter what people are using to conduct trade with if I’m trading you $10 for a candy bar

Or if I’m trading you $10 for um you know in Bitcoin for that candy bar I could be trading you a goat for that Bitcoin and there’s always an opportunity if I handed you a bag of sand for that $10 uh candy bar and you are okay with

It there’s always you could make the argument that people are using sand they found at the beach to conduct all sorts of illegal activities and things like that let’s say that all of a sudden drug dealers around the world start taking sand from the beach as a payment oh wow

You know what uh time to ban the sand so anything can be used for illicit activities not just Bitcoin Daniel crypto is good coinbase was hired as a custodian for eight of the 11 Bitcoin ETFs which got approved and you are selling coin we’re going to look at coin

On the charts here in just a second but uh big shout out to crypto is good um for that here are the reasons bitcoin price could drop to to 37,000 before the having now I I don’t agree uh that you know it could I mean I should say this

It’s possible it could drop to 37,000 it’s possible it could drop lower we don’t know what we can’t predict like catastrophic catastrophic events things like that um but uh you know typically what we’ll see is a little bit of a slump going into a having so um you know

With that said I could maybe see where this guy is going but you know I don’t think it’s really too much to be worried about uh top 100 uh we got uh a bunch of stuff going on here who is this Multiverse x 54 bucks they are about

Flat for the day where is ICP ICP is up 3.6% on the day uh we hit 1326 uh but she is trading at a cool $12.96 right now the market caps this thing just bit off Sheba again um seems like rap Bitcoin is taking off again makes sense people are starting to

Come back rap Bitcoin do things like that but um you know it is what it is so I think that ICP has a little ways to go before we can really gain some more traction here into like the seven eight billion dollar market caps but uh it’s

Climbing and it’s climbing fast so I can’t wait to overtake Avalanche here for the number 10 spot uh ICP folks this is man man oh man uh you know I’m I’m thinking that this $85 level is going to be uh a very interesting point if we see ICP make it

There this cycle I personally think that we will uh not Financial or trading advice but we talk about an $86 ICP divided by 12.95 you know that’s a 6.6x of course there’s other things to take into consideration like the market cap things like that you know it’s

Sitting at 5.8 Bill uh so let’s just kind of see what we’d be looking at um in that respect here so I mean that’s only a$ 38.5 billion market cap at $85 totally doable in my opinion in fact you know I think you could almost double this and maybe start to hover somewhere

Around this 6575 billion doish uh level so I mean not saying that we’re going to see a 12x but it wouldn’t surprise me to see ICP rip up to maybe this $125 $272 is level um during this next Bull Run is especially since like what it has

Going for it um it just is this incredible machine uh that’s very well oiled and much more advanced than every other blockchain out there it just is um so right now what we’re seeing on the charts is ICP is reaching for this $228 level uh you know we are seeing uh

Somewhat of a little bit of a bull flag here Little Bull flag pull we can see that there is clear clearly this bull flag pole and here is the flag so I am thinking that we possibly will start seeing ICP run again and you know I

Think it could run up to this $22 level uh you know that’s right under a 2X from here um but when ICP moves it just moves so furiously um it’s not even funny uh Dominic Williams and a lot of definity staff are in Davos uh or they’re at Davos rather and they are

Basically um promoting ICP and talking crypto and blockchain with some of the world’s biggest financial institutions uh so we got one day four hours left on the weekly candle before we get the next one to print uh on the weekly chart what’s bullish here is that we’ve got uh some very nice uh

Horizontal planing of uh the the the basically the conversion line trying to get this to highlight here and I don’t know how well you can see it there we go so you guys can see these these red and blue lines and typically what you want

To see is like the red line above the blue line and the red line is the conversion line and the blue line is the base line that’s how I have this stuff set up now whenever you see that red line start arcing up and away from from

The Blue Line uh as you can see like right in here it just you know price action takes off so I’m hoping that’s kind of what we see here going forward my only concern on this weekly chart though is that um you know price action could possibly be a little too far away

From this ichimoku Cloud I don’t know I’m very like on the fence about this um but you know it wouldn’t surprise me to see some sort of Mega uh inverse Head and Shoulders pattern like this form with IP it just went so I mean even if we got

Something like this to occur or maybe we see this price rip up to $22 and then retrace a little bit further um I totally think that something like this could totally be plausible um another thing that I want to go ahead here and do is I want to go ahead and throw up

Some gone fans again I think it’s just important that we look at these gone fans here at a super high level especially like on this weekly chart so bear with me one second here folks oh boy here we go here we go so the Gan fans are important and I’m not going to

Tell you guys how to use these right the second because we’re focusing on technical analysis and we’re about to look at Bitcoin and coinbase and maybe we’ll look at ethereum here next uh but you know for those of you that have been hanging around my channel for a long

Time I tell you frequently how markets move at 45 degree angles here’s a perfect example of this uh so that is one thing that you should always keep in mind uh doesn’t happen all the time folks but markets do tend to move in 45 degree angles and that is what uh Gone

Also thought as well so bear with me we are just setting up these gone fans all right so here we have it um so this is this is going to get really uh kind of interesting to see um you know what price action does here uh I totally

Think that as of this point in time these gone fans are absolutely perfect perfectly drawn up uh we can see how uh price action has basically uh supported price action in here uh basically things took off when they cross certain gone fan lines uh so yeah right

Here you know we do have this little symmetrical triangle squeeze area here um right in here these one to ones coming together so that’s going to be an interesting point especially if going in towards like the end of February if we see ICP do one of these we could be

Gearing up for a very nice ascending triangle or something like this to take place and this is going to be uh the Launchpad for ICP to make its next run um and if this does happen uh ICP could be running for this upper 2 to one uh trend line at anywhere between

Like the 35 36 $40 is level uh so this is what I would like to see for ICP is that this thing stalls out at $16.47 going forward until the end of January that’s what I want to see happen uh let’s look at Bitcoin actually we’re

Going to look at origin I’m very bullish on Origin folks um I’m bullish on it because there is a massive demand in this world to combat counterfeit Goods in origin Foundation is partnered up with like uh a lot of brand that like Paris Hilton is involved with that get

Counterfeit uh they’re involved with the watch box uh I will bring up a quick thing for the watch boox here and the watch boox is this um like luxury wash uh seller uh basically out in like California a lot of other like high-end areas uh like look they have a category

That says Grail watches uh and the stuff they’re selling on here is like very expensive stuff uh we’re talking you know $230,000 Richard Millie watches absolutely uh insane let’s go highest to low so of course a watch that’s got $800,000 uh what happens if you lose the

Box in the papers or something like that um you know what this value is going to to immediately drop but if you had some sort of way where you could uh you know contain that ownership on chain so you would really never have lose the uh paperwork or anything like that you

Could always verify that you know this watch is legit by simply transferring like um the nft or the certificate things like that um you know it goes a long way in addition to the box and papers uh things like that so as you guys can see like these are some really

Cool looking watches whether or not they’re worth these prices you know this is all about the status symbol for people that own these these type of things uh so origin is involved with like the watch box and things like that I think it’s got like a 10 billion doll

Circulating Supply uh right now you know this thing’s just kind of moving along it took a nasty dip and now it’s up to a penny and a half somewhere in there you know full disclosure I own a bunch of it like I shouldn’t say maybe a bunch of it but I own

Like I don’t know maybe like uh 500 bucks worth or or something like that uh not much but there is this this very interesting pattern that could be kind of popping up on the radar for origin and that is like this inverse Head and Shoulders I’m hoping that we can see a

Nice little run to the upside here but this is just kind of some bizar our price action right now uh that we are seeing this thing launched during the bare market so of course you know the charts are down and things like that uh but they are partnered up with like a

Lot a lot of uh other um lot of other companies and things like that uh so you know this thing to be honest might have the potential to reach 10 cents or 20 cents so I mean from here those are almost 1020 X’s uh going into a full-blown

Uh bull market let’s look at coin quick uh because coin was the basically the the the ticker for coinbase uh so coin we’ll look at this one and yeah people are selling it off uh big time and interestingly enough it’s been probably a while since I’ve looked at this probably since May of

20122 uh but you can see that even though I drew this up I haven’t looked at this chart in Forever uh but the last time I drew up a gone fan on this was probably several years ago in interestingly enough you can see how this gone fan was still

Relevant uh maybe even today uh rejected rejected rejected uh support so with that said I mean uh this is very interesting to see how these gone fans just continue to work uh over time uh let’s just look at this here I want to look at this on the weekly and

Yeah you can see coin you know obviously coin um you know this launched right in a bare market like literally the start of a bare Market um so we are seeing some some things there that look very bad uh but what I’m going to do is just

Throw up some gone fans here and here’s that 45 degree angle folks ah man these Gan fans this is going to be the one toone Gan fan line and you can see a clear rejection off it already so like for me I can just like I’m super mental

When it comes to this stuff I don’t necessarily need to even draw up like these gone fan lines um I just kind of do them for you to see but like man I can just tell you like I said this is the one to one boom like man yeah this is

Definitely respecting the gone fan lines here for sure uh so here we go this is very interesting on coin you can just see how well these gone fans actually do work um so with that said there is a very solid uh support for or excuse me resistance line uh right at

$116 for coin Co so right now on this weekly chart let’s just scoot on over to the Daily okay interesting so uh the the weekly chart though here we have the 50 moving average that’s just going to kind of keep wandering like this my opinion

Is that we might see price maybe in like a falling wedge formation come down to like this $116 doish level so in my opinion you can already kind of see what I’m just just trying to demonstrate on The Daily so you know I wouldn’t be surprised if we saw

Coin uh kind of do like one of these things here you know maybe we’ll see coin kind of uh rip like this and form this falling wedge down to like this 116 is level uh possibly I do feel like this thing is going to a b c d e and then

Maybe spr print off again there’s going to be some things that we’ll need to look at here though and that could be the the uh the formation of basically what is a harmonic pattern so right now like I see all these charts way ahead of

Time like in my mind like I said I’m just uh crazy when it comes to this stuff uh so right now if this happened mhm basically we would see probably a rundown like this like I just said to the 618 and for a harmonic pattern to even like come to

Fruition uh we would need price to move down to this 618 uh to the 786 so price is going to possibly come um you know anywhere in this area like down into here and then things possibly will bounce here but now when we look at this in combination with

Basically this one toone trend line here this is showing me and this is I I’m thinking that we might see coinbase even come down to the 90s and this is all very speculative at this point but um I I do suspect that if we are seeing a true xab CD pattern like this

Occur you know we might be gearing up to see price kind of make its way down here um so right now we’ll wait to see if coin hits this $115 is level and then uh basically for this harmonic pattern to play out we would need price action to

Basically uh not exceed point a and also it needs to Wick the 618 so we need we’re going to need this price action folks on coin to maybe come up and if this thing gets rejected at the 164 oh boy this is a powerful gone fan

Line the one to one oh boy uh we we could be seeing this move uh right down to around uh this 127 is area uh so if things are really bad 73 bucks but the 127 might kind of be uh where this thing lands so I mean I’m

Just kind of looking here here’s the 786 area right here you know it’s right down in that area so we’re going to keep our eyes on coin folks uh ethereum the last time somebody asked me to do ethereum I just checked in on this I was telling everybody how there was an ascending

Triangle and that ethereum was getting ready to rip I do think that this launched prematurely though simply because I feel like this would have been a lot stronger platform for eth to just kind of rip off on if it would have hung in there and squeezed a little bit more I feel like

This thing would have ripped up to like 3,000 a lot quicker uh but right now we got a bu flag pull and a very weird looking pennant or something like that but my opinion is that price action could be too far from this Cloud so is

What it is folks it just is what it is this video is running a little bit long but folks check out the end screens if you’re into wojack I animate wojack videos you can check one of them out also hit up William laurren the musician

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