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BITCOIN CRASH WARNING !!!!

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Timestamps:
00:00 Overview
01:16 Bitcoin Analysis
05:40 Halving Cycle Comparison
07:49 Ethereum
08:17 Latest News

#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.

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Crypto kids welcome back to another video and in today’s video Bitcoin is unfortunately seeing the drop which we expected could happen in the past couple of videos of course it’s nothing severe yet but things could get ugly fast now there is some hopium if Bitcoin manages

To hold this Orange Box of support then we could potentially uh do a double bottom and then trade higher but if not and we break below $40,200 then Bitcoin may end up closing the CME Gap at 39.5k and even worse come down to these two price targets since we broke below

This line of support that has been holding since October of last year so we have a lot to get through in today’s video I also want to compare the previous hobing cycle to this one because it looks oddly very very similar and I spent a lot of time on this last

Night it’s going to be interesting to talk about but ladies and gents for all of that and much much more make sure to stay tuned until the end of today’s video smash up the like button if you haven’t already subscribed turn on the notification Bell to not miss out on any

Future updates when or if Bitcoin has massive moves uh you don’t want to miss out or even before right so you want to know beforehand so let’s get into the Bitcoin short-term analysis and I have some ETF things to get through as well but I’ll keep that for later on in the

Video uh ethereum is looking interesting uh too but we’ll save that for later alongside the ETFs now looking at the Bitcoin 4H hourly time frame as I mentioned this box this Orange Box of support super super important and in the short term there’s still some chance

That Bitcoin can hold it um but if it doesn’t and it breaks below then Bitcoin may end up closing the CME Gap that has been unclosed since the 1st of December of last year and CME gaps even though it’s not too relevant for Bitcoin the market psychology works out to kind of

Close it of course there are multiple CME gaps on bitcoin which hasn’t closed historically speaking but if Bitcoin does break below that point of 40.2k I think it would be very likely that uh we end up closing it since if we look at the Bitcoin liquidity heat map um at

40.2k we have approximately 3 $70 million in liquidations and Bitcoin likes to collect it uh so that’s basically how any asset moves the more the more there is liquidity at one point the uh more attracted it gets to that area and uh in terms of where I’m buying

Bitcoin next I’ll get through all of this in just a second but um uh we can see here that all of these positions are actually in 15x leverage and I’m going to reduce this a lot so I’ll probably after this video reduce it to 2 or 3x

Leverage and keep all of these buying prices the same uh of course 15x Leverage is too much if we’re planning on DCA so all of this will be reduced to 2x leverage for the next video and on top of that I want to be buying Bitcoin on spot two so historically on this

Channel we’ve been dcing a lot since 20 27k then we bought at 28 29 even 42 and 41k I want to keep on dcing on spot because yes we can open long positions as much as possible but personally I’m buying Bitcoin at all of these targets however on spot instead and that’s kind

Of a similar thing that I want to do on this channel too so I loaded up the spot wallet with 2,500 usdt and um will’ll be adding some price buyin in fact right now you know what let’s add one for the CME Gap closure so 39555 I’m going to

Put 10% of the spot account into this uh limit buy order press buy and click confirm and there we go we should be buying Bitcoin uh 250 usdt worth if we see that CME Gap closure and if you are looking for a place to be trading Bitcoin and other cryptocurrencies you

Can head over to the description of today’s video check out bitflex using this link that’s the exchange that I’m using to get up to $888,888 worth in prizes and bonuses and one more thing uh if you join my free telegram Channel I share these updates earlier on uh from the videos itself so

I gave a full breakdown of the cycle comparison and what could what we could potentially expect if Bitcoin confirms the drop down from that line of support uh just a couple of hours ago today so if you want to be alerted as soon as possible I would go and head into the

Telegram Channel where I share updates on my trades if I remove a stop loss Etc completely for free to join but if we go back into the Bitcoin price we can see that we’re seeing some sort of a rebound in the short term but um let’s see right

It’s it’s going to all depend if Bitcoin closes below 40.2k if we do end up seeing that then I would expect expect 30.7 37.9 um of course 39.5 is the initial first line of support uh that plays along with the CME Gap then 37.9 then potentially 35 5.5 the only issue I have

Is every single indicator or oscillator that we look at or every single other line of support or pattern break they are all between the ranges of 31 to $39,000 so that’s a pretty wide wide range it’s like an $88,500 range and that is the simple reason why I’m

Planning on DCA rather than like going in at one particular price like we see here the 30 period moving average which perfectly uh the price of Bitcoin perfectly retested back in March of of 2022 then saw a 60% 67% correction like that would be a very good Buy in and

That’s at like 33k then we have the you know these moving average crossovers a perfect textbook reversal Candle on the two- weekly and if I bring in like you know the 50 and 200 period moving averages that those have different targets on their own so I think the

Range that we’re looking at here is between 31 and 39.5 and personally speaking this is not valid for derivatives longing positions uh I’m looking into buying as much Bitcoin on Spa between this range because after the Hing I just don’t think that we’re going to be seeing this you know sub 40K too

Often and maybe even not at all uh going into the future of Bitcoin and speaking of the Hing Cycles if we compare bitcoin’s current cycle to the previous one in 2017 to 2021 uh we can see here that Bitcoin made a top in 2017 following the CME Futures launch and

After that after seeing this top we saw a major correction uh following a consolidation right so Bitcoin again in 2021 we saw this top then we saw a consolidation and then Bitcoin drop lower and after dropping dropping lower we saw a rounding bottom same rounding bottom then a price move towards the

Upside and this is where we’re sitting at currently for Bitcoin yes a correction to 34k is possible um we saw a much more significant correction here because of the pandemic I’m not expecting the same to happen which is why I don’t have this like you know way

Lower but after the after the Hing event you can see that Bitcoin moves parabolically higher and um that’s the comparison I have here and the point that we break the previous all-time high is usually 200 days after uh the Hing so if I go into the previous Cycles we can

See here the average of which Bitcoin tends to break the previous alltime High sits at 200 days right so we see it here uh we saw the same situation uh there too it’s it’s an average of around 200 days and uh that’s why this is what I’m

Expecting in Q4 of this year so in around November or something should be I think November yeah the 4th of nov November Bitcoin um within that area should be breaking higher than 69k and then eventually in q1 of 2025 creating a new all-time high of course this may not

Follow exactly and remember nothing in this video is financial advice just my personal ta uh and opinions only always make sure to do your own research before trading or investing super super important but according to this cycle analysis it may be possible that q1 of

2025 we see the top um and I’m expecting not $150,000 uh the only difference to what my expectations are is between 90 to 95k if we see a super cycle and we break that you know you should remember if you watch the previous videos if we break

That logarithmic curve uh on the monthly time frame then I think a super cycle could be entered and then we can hit like the 160k levels but until then uh it’s not looking too likely and finally for ethereum I think that ethereum could see a bigger correction if uh if Bitcoin

Dumps I I had a long position that was going to enter at 23 350 but I closed it just because seeing the weakness in Bitcoin uh but a potential place to enter in my opinion could be 2280 I’ll set this position order later on uh maybe in the next video but those

Are the TA that that’s the TA that I’m looking at for the crypto markets uh in general and in terms of the news we don’t have much to cover today uh we have this data table which I found earlier on this morning that creates a comparison of what happened to the price

Of Bitcoin after gptc sold so we can see here after the day of the Bitcoin spot ETF launches whenever they remove their Bitcoin we can see it being heavily reflected on the price um and yeah that’s just the interesting table that I found uh and what more Mike novogratz is

Saying that the that people selling or exiting gbtc they’re going to recycle it back into the other Bitcoin spot ETFs but we we know from Eric balunas he mentioned that according to the data it looks like people exiting gbtc these guys are not recycling their Capital

Back um and as a matter of fact the the capital flowing into ibid and fbtc and all these other ETFs they’re new they’re new investors and that’s even more bullish because imagine when Bitcoin hits Roth IR Razer 401ks the amount of Bitcoin accumulated it’s going to be a

Massive massive sum so I disagree with Mike here but um hey it’s still looking bullish in the macro regardless and this is the Bitcoin gbtc ETF uh being advertised in New York pretty cool doesn’t mean much but it’s nice to see some mainstream media marketing kicking

In but ladies and gents that sumbs up today’s video I hope you enjoyed it uh make sure you leave a like subscribe turn on the notification Bell if you haven’t already check out the telegram Channel and follow me on Twitter for breaking crypto news updates but guys

I’m crypto kid have a nice day and I will see you all in the next video very soon take care guys and bye-bye