Bitcoin. We need to talk about this…

#Bitcoin continues to fall as many fear the worst. Here’s what’s REALLY happening for #BTC and what we should expect moving forward.
💰 *$$$ MEGA EXCHANGE BONUS! $$$* 💰
❇️ LeveX ►► https://levex.com/r/zombie
🔥 *10% OFF + $5k BONUS + FREE Position* 🔥

💎 CoinCatch ►► https://bit.ly/CoinCatchBonus
🔥 *$100 + $10,125 BONUS* (Use THIS Link👆)

🔷 Phemex ►► http://phemex.com/a/Zombie
🔥 Get Up To *$4,100 BONUS* (Use THIS Link👆)
📺 Phemex Tutorial: https://youtu.be/RUepw4xKZxI

🔶 ApeX DEX ►► http://bit.ly/ApexZombie
🔥 Exclusive BONUS (Use THIS Link👆)
📺 ApeX Tutorial: https://youtu.be/FTzQIMQ_0xg
🚀 *Top Rated DEX – Insanely Cheap Fees!* 🚀

**Do not trade on any exchange that prohibits trading from your geographical region**

*TRADING & INDICATORS*
⚡️ META SIGNALS ►► https://metasignals.io/nft
Get on the waiting list: tally.so/r/wadegy
👾 *LIFETIME ACCESS* (LIMITED SPACE)

📊 Market Cipher Indicator ►► http://cryptozombie.co/MCTrade
🚨 Lux Algo Indicators ►► https://bit.ly/LuxAlgoTrade
🌊 WaveEdge ►► http://cryptozombie.co/WaveEdge
📈 Trading View: *$30 BONUS* ►► http://bit.ly/TVBONUS

*HARDWARE WALLETS*
🔐 NGRAVE Wallet ►► https://bit.ly/ngravecrypto
****Use Code: CRYPTOZOMBIE for 10% OFF****
🔒 Ledger Wallets ►► http://ledger.kdub.co
📺 Ledger Tutorial: https://youtu.be/zShw2X5lRhs

*OFFICIAL SOCIAL MEDIA*
🎵 TikTok ►► https://tiktok.com/@cryptozombie
🖼 Instagram ►► https://www.instagram.com/the.crypto.zombie/
🐦 Twitter (X) ►► http://twitter.com/TheCryptoZombie
📘 Facebook ►► https://www.facebook.com/thecryptozombie
🧟‍♂️ SUBSCRIBE to BACK-UP CHANNEL HERE 👉 https://www.youtube.com/channel/UCwUDkIXVsfjXnsBylzLEVUw?sub_confirmation=1

*CRYPTO NAME SERVICE*
🚀 Unstoppable Domains ►► http://unstoppabledomains.kdub.co

*FREE TELEGRAM GROUP (NO SIGNALS)*
🧟‍♂️ “Crypto Zombies” FREE Telegram ►► https://t.me/joinchat/E67b8w-hQrMsZebuCC6peg 🧟‍♂️

Intro Credit: https://www.reddit.com/r/cryptocurrencymemes/

⏰ *Timestamps:*
0:00 Intro
0:40 Market Recap
4:08 Bitcoin Analysis
11:56 History Repeating?
17:40 The Herd Is Wrong
19:30 Inverse Cramer
20:33 Multiple Scenarios
23:00 Keep Calm, Stack On
25:02 Good And Bad News
27:02 Final Warning
28:01 Crypto News
29:15 Final Thoughts

Join The Telegram ►► https://t.me/joinchat/E67b8w-hQrMsZebuCC6peg

DISCLAIMER: Crypto Zombie is not a financial advisor. This is not financial advice. Everything said in this video is the sole opinion of those who appear in it. The statements in this video are not investment or trading advice. This video is intended solely for educational and/or entertainment purposes only. Always do your own research before investing. Trading cryptocurrencies is extremely risky. Do not trade on any exchange that prohibits trading from your geographical region. Never invest more than you can afford to lose. Crypto Zombie is not responsible for your losses or gains as a result of buying, selling, or trading cryptocurrencies. This video, description and/or comments may contain affiliate links. By utilizing any of the these links you are helping to support the channel as we do receive a commission. Thank you for your support!

Watch previous BTC video:

Watch this video again because it’s awesome:

#BitcoinNews #cryptocurrency #altcoins #blockchain #cryptozombie #crypto #ethereum #eth #solana #sol #ripple #xrp $BTC $ETH $XRP $SOL

Bitcoin extending its losses this morning after it fell below $40,000 for the first time since early December Yesterday by noon Eastern Bitcoin slid more than 2% and traded above $39,000 but at one point traded as low as $38,600 What’s going on guys kdb here with another episode of crypto zombie welcome back to the channel hope you’re having a great day can’t make this video with my freaking cat right there did you just hear her oh my God okay we’re going to start over what’s going on guys kdub here with

Another episode of crypto zombie welcome back to the channel hope you’re having a great day today now I know it may not seem like a great day in fact according to this right now we could see that Bitcoin is roughly down about 20% and you know having a look at this candle

With this Wick right here generally speaking that’s not good right that looks like a very ugly monthly candle so far you could see when we have Wicks to the top on these red candles generally speaking you do have these potential corrections to the downside right so is

That are we going into a bare market right I’ve had people asking me that is Bitcoin just is that it is the cycle over are we never reaching new alltime highs again was the ETF a complete disaster of a launch what I want to go over today is the stuff that we’ve been

Going over for years on this channel right and if you’ve been following we have always been one to essentially look at the charts now this particular event this ETF news event had a lot to do with maybe why the price could have pumped as fast as it did because remember even I

Was a little bit shocked about how quickly we got up to these levels but we’ve always had that 47 48,000 we said maybe there was a maximum of around $52,000 from our major falling wedge pattern and that is in fact what we got but what’s crazy is if you ignore

Everything that’s going on you ignore everything in the news and and everything that people are talking about and and you just look at the charts you are going to find something very surprising and what I want to go over today is how Bitcoin is playing out extremely similarly to things that it’s

Done in the past I want to talk about you know these critical levels that we’re experiencing right now and ultimately what we could expect for the rest of the year kind of a yearly Outlook okay we got the ETF we got Bitcoin to almost 50,000 what’s next is

That it is there no more news events is is are we going into this bare Market okay let’s just stop right there there’s been a lot of people on the channel obviously newer people and it’s fine maybe you’ve never experienced something like this before so we’re going to break

It down today I hope you guys stick around for this you know I usually put the TA at the end of the video and you know not everybody stays around for it but again there is this old saying show me the charts I’ll tell you the news and

Again well we’ll get into why you know we could be where we have been in potentially these overheated areas but just looking right here you know you have to be realistic about what you’re seeing in the charts Bitcoin had a 150% run up to the top and now we had this

Parallel channel that was forming right and you can see we had the resistance here we had the resistance here we had a beautiful amount of support right down here but as you can see we are officially starting to lose that area right there right and you can see now

That area has acted as resistance and honestly even if I drag this out to the lower level right let’s go let’s go down from the from the bottom of this move right here you know take it up through this through this Wick well what do we

Have right here guys we have this test we have this bounce off of this area You could argue maybe we came close right here and again it’s acting as resistance so this is showing that right now there is in fact more resistance than there is selling and we are going to go into

What’s going on right now you know with the ETF inflows obviously grayscale Bitcoin trust having a lot to do with multiple reasons why you’re actually seeing this cell pressure which will go over on top of the fact that it looks like once again we can’t seem to get

Away from Sam and friends because apparently FTX is also involved in some of this as well as more Mount gox fud which I don’t even know this has to be the thousandth time on the channel we’ve talked about this but hey if you’re new we’ll go over it again so what I was

Saying yesterday essentially and I really want you guys to pay attention because it’s going to help put this into perspective for you you know I don’t want to sit here and feed you a bullish you know case if if I’m not seeing it and I’m not going to be bearish just

Because it’s the cool thing to do I’m going to show you what I’m seeing and right here you could see that we did have the S&P breaking an all-time high generally speaking we’ve showed you that when the all-time high breaks for the S&P uh you know stocks whatever that

Bitcoin tends to go sideways I’ll show you in a minute why that is but right here if we switch this to the Daily you know it’s it’s looking a little indecisive here right I mean look at these past two days of trade massive pump up to that level and now it’s kind

Of like the markets really don’t know what to do should we keep pumping should we have a retrace back down and you know what we don’t want is a bit of a double top right like what we saw back here with Bitcoin where we couldn’t we broke

The previous high but we couldn’t stay up there for over over a week so then the market just started tanking right now that was Bitcoin that wasn’t the S&P if the S&P was to do that you know obviously you would have uh I got to

Zoom way out here um well let me go to the weekly it’s a lot easier to see here you know essentially what you’d be doing was the same thing right you’d have that double top and then would you have that rejection what would that do for the

Bitcoin price well I don’t want to go over this again we went over this but you know with the exception of 2019 in which Bitcoin just continued to pump basically this line is when we hit an all-time high Bitcoin goes sideways for a while March April May June July and

Then we take off I’m not going to go over this again but you can see right here dump sideways up right sideways up sideways down and here we are today so probability would say that we’re pro we’re going to be due for some type of an accumulative event a sideways chop

Event we also have the fact that the dxy has had four consecutive weeks of green candles and we know that when this happens it tends to have an inverse relationship with things that are you know potentially risk on which I would probably still put Bitcoin in that category for the majority of the

Investors now if you were watching this channel for a while and you know this CME Gap was put in in December 4th of last year this was the end of last year and we were talking about this area and we said that there was a likelihood that

We were going to close the CME Futures Gap in fact historically speaking I uh I kind of lost track of the P percentage but it’s only maybe like two or three that have never closed so it’s something around 94% chance that these things are going to close and you can see right

Here what was interesting about the candle that we did get yesterday was we got the close and then it actually tried to come back up and close back above that Gap right which was to be expected but then of course we open today and it’s lower so the good news the good

News is we don’t have to worry about this anymore we close the gap we can take that off of our charts now having a look at what we were talking about and literally you guys can go back to any video on this channel at least I’d say within the past five months just

Literally go go back and watch any random video with any random ta and we were very very bullish on this falling wedge breakout and you know right around that area when we had that retest and you know we got above I guess it was it was close to about 19,1 but around 18,8

Was where we said okay pretty sure the bottom is definitely in at this point you know you take that level and it brings us right up here to the 618 which is exactly where we touched now look guys we still have this parabolic trend right here so Bitcoin could

Theoretically come down to about $36,000 and we would still be in a parabolic trend now I was in the camp that I was saying and I was saying this before the ETF I’m not 100% certain that this trend is going to hold and the reason for that is simply because we’ve

Never really seen this type of a parabolic move before a Bitcoin having without having some form of a correction right but you know before we move on and this is probably one of the most famous screenshots I’ve ever showed on the channel you know this was my first bull

Run this was the Bull Run of 2017 and during this bull run you could see that there were multiple pullbacks right of 40% 25% over here 36% 36 31 38 38 and 30 okay and this was during a bull run this was literally during a bull run where

You know yeah we’d have a correction but then you’d come back a few months later and the price would double and then you come back a few months later and the price would double right so this is expected and it’s actually healthy you don’t want the markets to go back up you

Know indefinitely forever now if you were to look for a short term bounce just based on the trend lines we’re hitting that area right now you can see right here if you take this trend and you extend it we’ve had support we’ve had support support this right here this

Was a little bit of a bear trap right it fell into all of these EMAs right here and then it acted again as support multiple times so if Bitcoin was looking to have a bounce okay short term keep in mind I’m not saying that we’re going to

Go to the Moon that would be around these areas right so yeah this this is ultimately you could say Target one hit CME Futures Gap closed trend line hit but again we have these major weeklys down here and these these averages are a lot more important than just a simple

Trend line that basically started in the beginning of the year you know these averages have been moving during the majority of bitcoin’s History depending on which one that you’re looking at the two most important of these being the 200 EMA and the 200 weekly right and

Those are sitting the lowest at 276 and we’re having 30,5 as the 200 weekly moving average so it would be very very unlikely in a bull market to see Bitcoin fall below that area now there were some other warning signs that we can look at right for

Example if we look at the wave edge indicator you could see this right here these indicators of massive selling and potential reversal on the uh on the uh the weekly right here we had three of them right we had three of them right here so that also showed that we were

Going down now keep in mind we’ve only had one of them so far right here but now do they have to come in sets of Threes no that’s probably just a coincidence but you could see from that point Bitcoin did in fact have you know a correction right actually fell below

The EMA ribbon um and this is what we were worried about having sort of a you know a midcycle rally right but I mean ultimately if you take this entire move you know you actually take this whole Market it was generally moving up you know but you did have those moments of

Sideways so again and I’m going to get into the having as well to just show you guys so does this mean that you know we have to go down to some of these crazy levels well I mean look right here we got it came down went back up and put in

A second top again right so that’s not saying that we couldn’t do something like that here fall into this EMA ribbon you know cuz mostly if you look at this when you are in a parabolic bull Trend you generally are supported by the top of the EMA ribbon yes you can fall into

It sometimes but it’s really once you start to lose that and get below this purple this purple uh 89 right here once that acts as the resistance that’s really when you want to worry well right here you can see we haven’t even gotten down to it yet and the lowest level of

The 89 is sitting at about $30,800 and based on some of those previous you know pullbacks if we were to pull back to that l level okay that’s about a 36% pullback not uncommon for you know what Bitcoin can do main thing that’s important is looking at the wave edge

Down here is that we have gone into an area of bullish trajectory right you can see generally speaking once we flip that we tend to stay above it and as long as we don’t fall back below the zero line right here which if we do that tends to be generational buying opportunity then

Everything is still saying that Bitcoin is still in a mid to long-term Bull Run same thing with the money flow on the weekly what it is showing is that we are you know definitely over uh a little little overbought that’s for sure I mean look at this RSI right here we did get

The Red Dot that was offering a bit of caution and we still even though yes we have this parallel channel the main uh you know that we have down here the main trend is this right here right so if we were to fall straight down which interestingly enough would probably line

Up with the heart line that puts Bitcoin at around $332,000 so why do I keep you know reiterating these levels I keep reiterating them because if you look historically and this is the part of the video that I really really want you to pay attention to and this is why we were

So adamant about the 618 Fibonacci is because history obviously doesn’t repeat but it often Rhymes and as you can see right here you know these are very easy these are the Fibonacci levels of the cycle back here from you know 2013 to the having in 2016 and you could see

Right here that once we had the having okay the price of Bitcoin right here was not higher than the previous all-time high and you know it might have had a little bit of a rally leading into it but it then fell down now interestingly enough look at this you can see right

Here it went up to the 618 and then we had a pullback and as we could see right here this pullback from the 618 down here was about 40% now we didn’t quite get down to the 0 2 uh 236 but we did get to the 382 okay if we head on over

Here we had something similar not exact but similar right history Rhymes it doesn’t necessarily repeat again here’s Bitcoin coming out of the bare Market we have this midcycle rally here we are the 618 now this again this is covid so very difficult for this one because if you

Actually look right here I would say that this crash wanted to stop at around the. 236 which brought it down to around uh you know 50% crash now obviously we ended up having a 70% crash but again if you zoom in here I think it’s pretty obvious where this structure was going I

Mean look at all this area right here and then this is the covid crash where all the markets crashed but look what happened right after that 1 2 3 4 so basically we had a month of upwards so I mean yeah is it possible to have a Black

Swan event sure but again it’s called The Black Swan event because you can’t see it because it’s a Black Swan event so here’s the having what do we do well we continue sideways right and we don’t really break until well I’m going to get

To until in a second I don’t I’m to I’m going to show you what we could expect moving forward but just to point out the similarities again we have the 618 right so you know assuming that we have that correction well we’ve already had about

20% if we stop at the 386 that’s around 35 or we can come all the way back down you know if you think we’re going to go to the 236 again that’s around $27,800 but again I don’t believe that’s going to happen because without that Black

Swan you know event we would have never fallen below that now let’s also look at something else let’s look at what happens when we do have the having which by the way is coming up in April so here’s the having back in 2016 and if we

Just you know go out here how long did it take Bitcoin before it broke the new all-time high well it took about 259 days for bit coin to break the new all-time high right what did it do over here well keep in mind we were not above

Uh the previous all-time high by the having we did chop sideways for about 147 days then we started to take off and how long did it take until we broke this all-time high Well that took about 189 days right so it was a little bit shorter well if we come over here we’re

Obviously approaching the having as well and we know that Bitcoin is never higher than the previous High leading into the having and we know that the having usually is a little bit of a disappointing event when it happens right it generally goes sideways and the reason is because it takes a little bit

Of time for that shock to go into the system the same way that you know the the the the the printing the money right the the inflation took time to set in and the rate Cuts didn’t excuse me the rate hikes didn’t have an immediate um you know response from the markets the

Same thing is going to end up happening with the with the rate cuts and the same thing happens with the having so come out here and what do you guys want to say you want to do like 200 days we’ll just make a little average between 189

To whatever we’ll say 200 days right so you know if we come out here around 200 days roughly you know that says that Bitcoin shouldn’t put in a new all-time high until about November of this year and you know this goes back to my statement of saying that I think we can

See a new all-time high for the end of this year for Bitcoin but you have to be patient you have to understand that we are looking for a potential sideways maybe accumulation but of course looking historically here heading into the green gajian flip you could see that not only

Does it generally act as support um and and it does kind of tell you when we’re you know when we’re coming back down into the end of these markets but it usually never really comes back right but you can see there are still massive Corrections even after the flip right we

Have the flip here Bitcoin Falls 50% still on this upward trajectory look at this crazy look at this 81% guys this was an 81% correction for Bitcoin in just two weeks I mean imagine that now I don’t think that’s going to happen again but again getting back here

You know we flip into the green we’re obviously in the bull run for a while with you know again multiple 30 40% pullbacks along the way and keep in mind guys this is all being done without institutional inflows okay same thing here right we flip into the green now

Okay th this one okay a little bit a little bit of an outlier because we did in fact go down right we did go down but ultimately really if you take out again just kind of scribble out like I I know I keep saying ignore covid but really it

Was a Black Swan kind of scribble that out and we’re just riding along On the heart line right of the gajian channel and again we continue to the upside with it even acting as support well we’ve broken a above it again so what this is telling me is that yes we could be

Looking for Bitcoin to follow a very similar situation now again I don’t know what’s going to happen with the having not the having with the um the ETF you know this is the first time we’ve ever seen it we don’t know how this is going to affect the demand we know we have

Some sell pressure right now but um you know it’s just something to point out and also something kind of interesting just I I I this is not anything to do with Bitcoin but for anybody out there that’s been looking into the altcoin market the altcoin market uh ethereum

Total to meaning basically every coin outside of Bitcoin actually has in fact just flipped green okay so this is telling me that the long-term trends are in fact intact but the short-term Trends could get a little bit turbulent and there’s a lot of things going on right

Now with gbtc which I’ll get into but as we said the difference between you know um you know a protocol upgrading to a main net or something like that that’s a one-off the difference is that the ETF is not a oneoff it’s not a oh great

What’s the next big news right and I’m I’m seeing a lot of the Bears celebrating the same bears that were calling for 10K 12K they were bearish the whole way up now they’re saying see I told you so I told you so after 150% move and now we have a 20% correction I

Still think the better the better play was buying and accumulating Bitcoin all through 2023 and again what I’m saying right now is that we may have one more opportunity now you know a lot of people are going to be new on the channel and say yeah okay one more opportunity blah

Blah blah all right yeah hindsight’s hindsight I don’t know bookmark this video and I’ll you in a year I from what I’m looking at from what we’ve been watching if you don’t even talk about the ETF inflows everything we’re seeing right now is showing Natural Healthy correction there are some people that

Were holding gbtc that wanted to get out maybe it was a sell the news event for some people but to say that it in and of itself is a nothing but sell the news event that’s going to send us into another multi-year bar market number one that would be ridiculous they would look

So bad on behalf of black rock and all these ETFs do you really think they want to launch this product push it to their clients just to watch their clients just basically lose money indefinitely forever like like a Spirit airline or something like that no I don’t think

That would be silly it would be stupid just use your brain here like I’m all for the conspiracies I’m a conspiracy theorist myself I don’t trust anything that I read or hear but you got to be honest that would just be outright stupid just got to say that out loud if

You think any different that’s fine you’re all entitled to your opinion and time will tell now obviously Jim Kramer which some people you know inverse Kramer he tends to be bullish when when you should be bearish and bearish when you should be bullish so he’s been out

Here and you know he says nasty beginning to the Bitcoin SE uh selloff someone’s probably going to try to make a stand here but as we said last night you can’t have an asset double in value by hundreds of billion dollars in anticipation for an ETF and then almost

No one show up well I don’t know if Kramer is aware of this but this was actually arguably one of the most successful ETF launches of all time I mean I will say by every measure this launch has gone incredibly well we’ve really seen a ground swell of interest

Um coming from many directions when you look at volumes when you look at flows when you look at how the the product itself is trading the I shares Bitcoin trust what we like to refer to as ibit has traded more than three and a half billion since its launch just a little

Over a week ago we’ve brought in more than 1.6 billion in flows we’re the number one issuer new issuer both in terms of volume as well as flows 3.5 billion is obviously nothing to scoff at now something that could be skewing the data just a little bit is the fact that

Some of those inflows are in fact being recycled right we have to call a spade a spade it is what it is it’s not all brand new capital coming in that’s part one of the problem right just because the ETF launched you have to understand we were anticipating it there were some

People that were sitting on the sidelines waiting to get into Bitcoin but there’s also a lot of people that truly just didn’t care literally I’m not trying to be like a bear they just didn’t care now that the ETF has been approved now that they have the opportunity to allocate to that vehicle

They will slowly start to pull in same thing happened with gold I showed you guys the charts twice already that when the gold ETF launched it went sideways for 10 months then it pumped 32% was that a failure well for the first 10 months I bet a lot of people said it was

A failure I bet some of those people got pissed when they bought only to found they were find out they were down 25 30% 10 months into it right probably seemed like a just complete failure of a launch and yet gold literally went over 325 and

Just recently put in a new all-time high um although it put in basically the same high over the course of 10 years but that is for another story the first High I think is the one we’re really talking about adding to the grayscale Bitcoin trust situation which there’s a lot of

Different scenarios number one maybe these people just don’t want this High premium they want to go switch into a lower premium you know or they had these discounts number two maybe they bought high and maybe if they sell now they can tax loss Harvest Right which would be

Great for their taxes another thing to note is that to those individuals that are in fact tax loss harvesting the law states that you are not allowed to Reby that asset for 30 days so that could be also we may be seeing those just sort of sitting on the side nothing really going

On they can’t legally reallocate that capital for for for another month right these are all possibilities the other culprit of course is our buddy Sam bankman freed Bloomberg they said that FTX bankruptcy Estates are 2third of the way done selling with the grayscale Bitcoin Holdings so that’s good right

But they still have another 33% to go not to mention the fact that we also had Kathy Wood rotating out of it as well so it says onethird left should continue to sell into today but you should expect a bounce soon right so could we be expecting a bounce soon sure you know

I’m sure it didn’t help that one one of the most watched videos on CNBC is Jamie Diamond 318,000 views basically calling Bitcoin a tool for you know all nefarious activities so again there’s a lot of different factors there’s going to be a lot of fud there’s going to be a

Lot of hype but at the end of the day if you didn’t know the ETF was happening this was expected right we didn’t know 6 months ago when or if the ETF was going to be approved like well we well we said if it was going to be approved but we

Didn’t really know when right we didn’t know which is why I was shocked that we got to that 47,000 K level as fast as we did I didn’t think we were going to do that I will admit that but at the end of the day that’s exactly where we went we

Went to 49 right a little bit higher um obviously you have chances to overshoot those but my point is that was the level we had talked about and just kind of remembering if you go back go read some of the comments on some of those videos no way we’re getting 47k impossible not

Happening this year also just no ETF launch just lots of negativity and yet that all happened and yet here we are today Bitcoin going up 150% we have an ETF approval opening the floodgates for tons of capital not just today not just next week not just next month okay it’s

Only been two weeks Jesus the short-term memory of some people uh short-term not memory short-term uh is what is it uh mind uh I can’t even talk right now shortterm goldfish this is really bad guys attention span attention span there we go anyway uh yeah so and some people

Don’t have that attention span and I apparently can’t speak today but my point that I’m trying to say uh with with these famous Rants and ramblings that I go on is this is not a sell the news event in and of itself it has opened up the gates it is something that

Is here to stay as education continues as the gbtc and the FTX and even the mount goau which I don’t care sell your 120k Bitcoin the Market’s going to absorb it like that it literally is like I said it’s actually crazy that we haven’t dumped harder considering

Considering right and you know if you come over here and you have a look it was broken down pretty well by invest answers Bitcoin ETF fund flow scorecard good and bad well the bad is that grayscale has dumped a ton of Bitcoin for the eth day in a row grayscale

Transferred an additional 18,500 Bitcoin to coinbase which is insane that’s a lot of selling but the good news is that the majority of the sell-off involved FTX which has now completed its sale apparently offloading 2.5 million shares so I guess it’s done according to this I mean I haven’t been following it that

Closely but I guess he’s saying it’s over or it’s close to being over and despite the gray scale selloff there’s been a net inflow of 1.1 billion equivalent to 28,000 Bitcoin growth observed in the Fidelity Bitcoin trust is actually faster than Black Rock which is kind of interesting and the total

Amount of Bitcoin held by ETFs are higher now than when the ETFs had started trading so if they’re obviously higher now than when they had started trading then overall that means even though yes we are having these net outflows and there is that recycling from gbtc we are starting to tip the

Boat the other way so we have the fundamentals we have the news we have the ETF right and we had an amazing 2023 2024 is probably going to play out like a lot of the other Cycles where you’re going to have people want to take profits they’re going to sell let them

Sell great that that’s awesome you know I mean hey take profits if you want to take profits nobody’s saying don’t take profits I mean look guys I had to take profits I had to take profits recently and it wasn’t just for me it’s CU I have

To pay my bills I have to pay pay my taxes literally I’m not kidding so for me that area was good now when I say offloaded we’re talking you know just just enough percent that’s how I live I live off of my crypto pretty crazy to admit that but if you’ve been following

You guys know how we do it on this channel but you know for for my long-term hudle position there’s no reason for me to be freaking out when I know that we have the having I know that the grayscale Bitcoin uh sale is eventually going to be done we have the

Lowest level of Bitcoin on exchanges since way way way way way back here you know in uh when is this this this is like May of 2018 So eventually all of these are going to come to fruition so I just kind of want to end there guys because I feel

Like I don’t like always want to make these videos because I feel like I’m beating a dead horse here but you have to pay attention to the charts and there are some people that absolutely hate them they think it’s Hocus Pocus they think it’s magic doesn’t mean anything I

Was the same guy I thought the same thing when we first started the channel I never even looked at a chart not even once didn’t even look at it I would just buy alt coins and whatever you know buy Bitcoin whatever and it was in the bare

Market of 2018 that I started realizing how much the charts the indicators the levels the price action matters and the reason that it matters is because it’s kind of one of those self-fulfilling prophecies right it’s true it sounds stupid but it’s like it kind of happens because everyone is looking at the same

Chart and everyone is seeing the same things and human reactions to fear and greed are always the same right so that’s why we you know look at this I also I just want to end on this note this was so funny so you know Elizabeth Warren came out talking about this uh US

Government report that Rogue nations are using crypto to dodge sanctions against National Security and all this elicit activity and readers actually corrected her and said that within this actual uh document itself that she’s referring to the report actually came out and said no actually the dollar is used for more

Nefarious and by the way the comments the comments are gold the comments are hilarious if you haven’t seen them on this post I mean you even had senator cth is coming in saying 900 million in non- crypto fiat currency by the way money laundering versus 900,000 crypto is clearly not the

Problem criminals and Bad actors are it would be a historic mistake to crush an entire emerging industry based on incorrect data so I just love when I see these people get owned all the time and speaking about guys who have been owned there is this funny video I just want to

End on this hits blunt what if Gary is Satoshi something that’s freely available the bitco coin core code it’s actually under a copyright license here at MIT which makes it free that was Satoshi nakamoto’s decision it wasn’t that well maybe Nakamoto does work here is a clue so again that’s it for me

Today guys thank you so much for coming back to the channel now of course you know this video is designed to sort of be more of an educational opportunity to look into what I’m seeing and why I feel a certain C way based on the data right

These are just statistics it’s not my opinion right I don’t know what the ETF is going to do I don’t know and no one can say they truly know I know that it will be net positive longterm for Bitcoin I don’t know what it’s going to do shortterm we’ve never had it the

Closest thing that I have is the gold ETF and that went sideways for 10 months that’s all I know right could that happen to bitcoin possibly and it would also coincide specifically with what we usually see with the having and not putting in the all-time high until you

Know a few uh a few months afterwards right but again it still does open up the possibility without the ETF just with the technicals just with what we’ve been looking at for a potential new all-time high maybe sometime November December now it could come sooner than

That right I mean we got to 47 quicker than I thought we were going to I thought it was going to take longer I was wrong on that pleasantly wrong I suppose I mean it would have been nice to accumulate but if you feel like you

Missed out on the move or you don’t know what’s going on right now or you’re worried you know if you don’t have the conviction and you can’t sleep at night well then you might be allocated to maybe some very speculative you know coins or something like that when it

Comes to bitcoin I sleep like a baby I don’t worry about these dips I have experienced I don’t even know how many dips 30 40 50% since I’ve been in crypto probably like 20 maybe 15 20 of these I don’t know so it doesn’t shock me

Anymore and if you do believe in the long-term you know Bitcoin narrative which I surely do and I definitely think the million dooll Bitcoin is a thing who knows we can even go higher with money Printing and inflation then the way that I look at it is 2020 3 was a great ride

I’m glad that everyone was was on board on that and and and 2024 I believe is still going to be an amazing year I just think there may be some of that typical expected turbulence into the having out of the having right so again this is

Just you know not talking about the ETF this is just talking about what we see in the charts and what we look at and this is what we’ve been doing on the channel so you know again to my new subscribers I love you thank you so much

I hope you guys appreciate this type of insights but this is what we’ve been doing for years years we’ve been following charts we’ve been following the money flow we’ve been following you know the the basically what bitcoin’s been doing but recently we were focused more on the news because I thought that

Was a big deal and I still think it is a big deal and I think it will continue to prove a lot of naysayers wrong who think that the ETF was the ultimate sell the news that’s it we’re going into a bare Market I just don’t think that’s

Happening I think this is a healthy midcycle correction and I do believe that any dips that we see now until that post you know basically in a nutshell if any dips that you see now until the end of the year I think are by the dips not Financial advice just based on history

That’s what I’m thinking and again guys I I do want to just mention if you want to go trade obviously levx is great um but you know some people want to trade decentralized if you do feel comfortable holding your own uh coins while you’re trading Apex Pro amazing exchange incredible liquidity totally

Decentralized you never have to put your money on a centralized exchange I have the tutorial and uh very low fees like 60 Cent 20 cents per trade roughly and also side note if you actually looked at the Apex token um which we had mentioned in the original video when I did it yeah

That’s up like 1700% so um anyway guys that’s it for me until next time obviously stay crypto I love you and of course peace out