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BITCOIN IS UNDER ATTACK! Miners, The U.S Government & Whales Dumping BILLIONS NOW



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Timestamps:
00:00 – Intro
01:05 – Bitcoin analysis
07:26 – FUD Season

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Guys today we have some major developments for Bitcoin today I’m going to talk about what I see Bitcoin doing in the short term as well as what I believe Bitcoin is going to do in the long term as you know guys my long-term charts I like to lay out the strategy

Months and uh preferably actually years in advance so I don’t have to actually react to whatever is happening too much on the charts because I already have my strategy in place and as you know guys in 2022 I laid out the strategy for what is happening right now so I am now going

To begin to lay out the strategy for what I believe is going to happen in 2024 and 2025 even so guys make sure to stick around for that I’m going to talk about ethereum I am going to talk about why I think we are very close to a peak

In the amount of fud you’re seeing right now for Bitcoin guys if you’re holding any crypto make sure to stick around from the beginning Until the End welcome back everybody my name is Chris bringing you cryptocurrency videos every day teaching you how to make money m in this

Market if you are new to the channel then make sure to subscribe and activate the Bell right now so let’s get straight into it guys and what you can see is that we are still struggling with the edge of The Orange Box here and this is

Something that is to be expected as you know guys when we broke down from this point I said that now I think we are going to spend some a decent amount of time in within this range and since we broke the edge of The Orange Box we are

Now going to have some major issues actually getting above it again so that is what you’re actually seeing right now for Bitcoin guys however one thing you can see is that we are having a little bit of a trend of at least making higher lows here So eventually you can see this

Is forming like a triangle like this and eventually we’re going to have a break on this particular pattern now here’s the thing though where are we going to go up or down well in general this kind of pattern ascending triangle typically leads into a move towards the upside but

Then again we know that we have massive resistance here so those are the two things you need to pay attention to on the short term for Bitcoin so I will keep you updated in regards to all of these things guys but if you look at the

Long term and I want to talk about the long term for Bitcoin and actually before I talk about that first for ethereum you can see that we’re now meeting support at 2,000 call it $2,200 okay so you can see that this orange line has been holding up ethereum

On the way down here several times so if we lose this one guys if we lose this then I am anticipating a move down to about 2,80 uh which would be I guess like a 7% drop or so so pay attention to that as well but for Bitcoin I think it’s very

Likely that The Orange Box here at the 38,000 basically where we dipped into here is going to continue to hold up the Bitcoin price so we will see but I’m expecting some more consolidation in within this range here okay so let’s talk about Bitcoin on the long term so

As you know guys I like to lay out my strategies a long time in advance so I don’t have to react to it and this particular thing that we’re seeing right here this teal box is a box I said inside of this one I think it is a good

Idea to buy every single dip okay and what I said here is that I do believe that we are not going to go up above $54,000 but we’re not going to go down below this red line either at $23,000 okay and since then and of course we did have some major catalysts

For telling us that it was time to actually start accumulating very very heavily as you can see right here the RSI structures this is stuff you already know about if you’ve been following my channel but the RSI structur is right here so basically what I believe is

Going to happen now is that we have played out the part in which well we very soon we have played out the part in which it is uh time to buy every single dip that is inside of the steel box you can see the same thing here if you

Bought the dip here before the having which is this green line after that we had massive pumps towards the upside same thing here buy every single dip inside of the steel box and then boom after that we go up buy every single dip inside of the steel box and then boom we

Go up as well so in general what I believe is going to happen guys I do believe that after this green line we are going to go up to higher prices but it could to take a little while it’s going to take this is stuff that plays

Out over years okay so if you have accumulated inside of the steel box your entry price should be well we really started to to accumulate when we broke the RSI structure right here which is at $177,000 so really your average price uh if you accumulated from this point and

Especially inside of this steel box as well your average price is probably somewhere around call it $ 25 to $27,000 if you accumulated on the RSI breakout here if you only accumulated inside of the steel box well let’s call your average price like $30,000 so do I

Believe in one year’s time that we are going to be above $30,000 and even $39,000 yes I do believe that and that is the reason why I’m still holding to my positions that I have accumulated here because I do think we’re going to see higher prices relatively soon you

Just need to have patience because this kind thing where we go down we go sideways is also a kind of a correction so you have price correction towards the downside and you have time correction going sideways and down so people lose patience they sell their Bitcoin they

Capitulate and such and this is really what needs to happen for us to have massive pumps towards the upside again okay so these are the things I am watching out for right now but um yeah my strategy is starting to get laid out for the next few years as well guys so

Make sure to stick around for that but overall what I can say right now is that I do believe we’re going to see higher prices after this green line you just have to have patience once we enter into the having and after that so we will see

If that is going to be the case or not but so far in previously it has been working out pretty well now for traditional markets you can see that we are at uh not at an all-time high but very close to an all-time high we are definitely in all-time higher uh

Territory still and this is good this means that my thesis still has the possibility to play out where a lot of this money from the traditional markets is going to flood into Bitcoin and crypto in general so so far so good now quick reminder about my trading strategies they have accumulated some

Juicy positions here all of the orders have been filled so um yeah we will see guys but I still stand by that I believe that we are going to be able to take profit on these positions eventually uh it’s just a matter of time yes we need

To go up to much higher prices we need to go up to about $46,000 but once we do that of course these ones are going to take profit and open up a new cycle so as always you will be able to see everything here on my channel 100% transparen And if you

Want to use these trading strategies yourself go to the description of this video watch the tutorial at the top of the description right here okay watch this tutorial explaining everything you need to know now in terms of other news that we are seeing right now in the

Market you can see that miners are also starting to sell Bitcoin and why are they doing this because after having minor rewards are going to be cut in half meaning miners are going to make 50% less money essentially now the difficulty is going to adjust itself in

That case and uh it is going to reach a consensus eventually but initially the miners are going to lose out on 50% of their income so that is why they’re selling right now also who is also selling is Uncle Sam so the US files notice to sell $130 Million worth of

Bitcoin from silk roow now this is interesting because usually they just sell it and then they announce that they have sold it but now that they are announcing that they are going to sell it meaning this costes a little bit more fud because $130 million is being sold

Into the open market now uh luckily this is not a lot compared to the Bitcoin that’s been dumped by grayscale so in the gra scheme of things it’s not really that much but it’s just interesting that they file a notice to sell and don’t just announce that they have already

Sold it so this is causing even more fud and this reminds me of something because it is Peak fud right now the US are fuding us graay scale are fuding us we’re seeing miners even saying that they are going to dump Bitcoin so everyone are saying that they’re going

To sell when there’s Peak fud Peak fear in the market well for me that is a signal that we are doing something right here by keeping keeping hold of our positions can we go down a little bit lower short term of course yes we can be

Prepared for that but overall I do think that with all of these things going on I do think that eventually we are going to see a big big bounce for Bitcoin as well now here’s the thing gray scales gbtc profit taken is likly over according to

JP Morgan so yeah you also have that thing because if you look at the actual amounts that gray skill are sending and selling it is actually getting lower and lower for every day so you did have the last 3 days 429 on January the 24th 500

Uh so let’s take it from the 22nd first so 600 million approximately on the 22nd the day after you had 515 and then the day after that which was um two days ago you do you did have 429 okay and then yesterday you did have of course

394 so the Sals from grayscale are getting smaller and smaller yes still big amounts but still this thing is going to soon reach a consensus where you are not going to see grayscale dump these crazy amounts of Bitcoin into the open market however most of this remember has been also um equalized by

Inflows into other ETFs so guys that is what I got for you thank you so much for watching this video and I’ll see you in the next one

21 Comments

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    👉🏼https://bit.ly/2PgeNdI

    -BEST TRADING TOOL AVAILABLE

    -UP TO 20% OFF WITH MY LINK

    ~~~~~

    COPY MY BITGET BOTS (First sign up using link above)

    https://bit.ly/3SqkJ1S (FULL)

    https://bit.ly/46Ho6Vt (ONLY FEW SPOTS AVAILABLE)

    ___________________________

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    HEDGE BOTS (SHORT)

    BTC: https://bit.ly/482X8sU

    ETH: https://bit.ly/3Rq6RTi

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  2. Been short for a month, last couple days are the first times have had to pay longs to hold positions open which probably means late majority are tryna jump on a exhausted wave. Maybe squeeze 10-15% but downside momentum is dying so ignore the news and dca towards 30. Be bearish at 48k not 38k.

  3. 130 million dollars is peanuts compared to what grayscale sold in a single day over the past few days after the ETF approval. This is just to create more fear in the market.

  4. 28K!!!!!!!! BTC WILL BREAK THE OLD-TIME HIGH END OF THIS YEAR BUT FURTHER , THE EFT SPOT IS MAKING THE MARKET MORE LIKE INVESTOR VS TRADER SO FOR YOU SAYING WE WON'T GO TO 28K YOU MUST BE TOO IGROGANT THIS IS NOT OUR PARENTS MARKET

  5. If BTC didn't take advantage of the latest bull run in the traditional market, then god help us all in case the traditional markets turn down. 😄

  6. It WAS under attack, but I disagree with the whales that are attacking at the moment! Some whales got very angry and fought back very vigorously these days! But we don't have only Miners and the US government fighting for the price to go down; we also have the scammer YouTubers spreading huge FUD for almost 2 weeks now, luckily without any result! You are the only one telling the truth! Does it matter where the price will go? We are in a pre-halving period; why be scared and sell now?!

  7. Prepare! Bitcoin & Litecoin reward halving supply shock effect coming down the track…🚠.⛷️

    Last ‘round of halvings’ signaled the beginnings of the 2019 – 2021 price surge!" Bitcoin & Litecoin top 2 coins for payments transactions 👗 🛒

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