MAJOR Bitcoin Indicator Flashes BUY

Today let’s talk about Bitcoin’s explosive pump above $47000 and why it will hit ATH soon.

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0:00 Intro
0:35 Market Overview
1:35 Bitcoin ETFs
3:40 GBTC Outflow
4:40 Bitcoin Miners
6:00 Bitcoin Squeeze
7:10 Bitcoin Charts
7:50 Bitcoin Bet
8:40 Major Buy Signal
11:45 Bitcoin In Profit
12:25 Bitcoin Cycles
13:30 Avax
16:40 Flare Network
18:25 Q&A

🔴Full Disclaimer: This video and its contents are for informational purposes only and do not constitute an offer to sell or trade, a solicitation to buy, or recommendation for any security, cryptocurrency, or related product, nor does it constitute an offer to provide investment advice or other related services by CryptosRUs. CryptosRus may have a financial investment with the cryptocurrencies discussed in this video. In preparing this video, no individual financial or investment needs of the viewer have been taken into account nor is any financial or investment advice being offered. Any views expressed in this video were prepared based upon the information available at the time such views were written. Changed or additional information could cause such views to change.

Welcome back to cryptos R Us I am George we’re all George so today let’s talk about Bitcoin of course major major indicator flashes by and has only happened three times before and guess what happened after those three times we just saw the fourth time happen guys so let’s talk about Bitcoin let’s talk

About few alts and uh and everything else that’s going on today all right let’s do it welcome welcome welcome take a look Bitcoin is sitting beautifully it’s taking a breather I was hoping we wake up and we’re at like 495,000 then I would have to break out the blue label but thankfully that

Didn’t happen we’re consolidating a little bit but you guys know what’s going on right now Bitcoin is getting stronger and it’s going to form that next leg up we’re right there little consolidation right now at 472 and that’s okay I mean keep in mind we had a very very very long time in

Consolidation before and now we’re at that next stage right so things are looking good Supply shock is still in play if you look at the latest numbers it’s it’s fantastic it’s fantastic basically the volume skyrocketing this is from Thursday not Friday so Friday we’ll get updated numbers uh on Monday but still on

Thursday look at grayscale only 100 million sold but Black Rock alone was double double grade scale and Fidelity was more even Ark was almost equal to gray scale we had a net inflow of $400 million into these funds on Thursday I don’t know what it was on Friday it’s probably even more again

Supply shock happening I talked about the compounding effect the higher Bitcoin goes the more volume there will be the more buying there will be the more Bitcoin will be flowing in and then of course the price goes up more and then it it just keeps on repeating that’s that’s exactly what’s happening

That’s what happens during a bull run and that’s why there’s so much fo and why things move so so quickly that’s why you don’t want to be scared out or left out in a market what happened to the guys calling you know we retest 30k

You know like this is what I’m saying a lot of guys remain bearish throughout a recovery throughout a bull run and you know what I don’t know the reasons but I do know this based on what we’re seeing based on how much flow is going to these ETFs based on prior

Events that happens after a having event based on the fundamentals the metrics that we’re seeing everything is pointing in One Direction that’s upwards that’s it we’re not going to retest a new low we’re not going go down to 12,000 in fact there are some calling that we may

Never ever see below 40,000 again think about that right we are going to head a lot higher and the supply shock is going to keep on contributing to it now on Friday James did report or bmch reported and Jen James reported that the gdb’s outflow was only 52 million so that’s a

50% drop from Thursday’s 101 right so basically it’s about to become zero even grayscale may be turning positive soon so I mean again think about how impressive this is billions upon billions upon billions upon billions in fact over6 billion dollars worth of bitcoin sold from grayscale within the last three weeks

Yet Bitcoin went higher so think about that does that even compute the reason why is because there’s a lot more buying going on okay that’s why Bitcoin is is Unstoppable this year Unstoppable um 50,000 right around the corner miners cut selling pressure you know miners they’re they’re just selling

Recently they sold because they had I don’t know why they so zoomed in recently they sold because they’re preparing for the having event because afterwards it’s going to be twice as difficult for them to make any money because they’re going to get half the amount of Bitcoin they used to so they

They did sell a lot recently I’m pretty sure to beef up their cash pil so they can build out infrastructure and buy more equipment right but eventually they’re going to stop selling they’re not trying to sell the miners know what they have this is gold this is digital

Gold this is going to make their companies worth maybe trillions in the future so why would they want to sell it makes no sense right so that’s why recently they did start selling because they need that cash to build out more and then they’re going to keep on mining

And Mining but we know we’re already at like 93% 94% mined everyone’s fighting for just less than 10% they’re just not that many to be mined and another reason why we’ll be at 50k soon is because the shorts shorts are going to get wrecked they’re going to get squeezed

Again if you’re going to play with leverage go long don’t go don’t go short man no one no one should be shorting this Market you are just asking yourself to be completely wrecked uh even with leverage you could get wrecked really easily but I I had some killer killer uh

Gains in the last few days but if you’re going to go short man that that’s even double wrecked I mean your chances of getting wrecked right now is super high so I don’t know anyone that has a short open really should watch out or just close it because

Uh we are going higher and uh we’re going to get more short squeezes and more and more again compounding and Supply shock and everything else Bitcoin is going to get very hot 50k soon after 50k there’s about there’s another major resistance around 52k and

Then we’ll be in 60k no time no time at all and we’re only in February we’re only we’re only in February um all right uh according to exit pump uh as you can see uh you got these like major you got these major volume spikes and after every single one Bitcoin

Doesn’t doesn’t retrace it just keeps on going we’re to go see more and more and more and more of these it makes you wonder are like the the OTC market are they drying up maybe because all these exchanges they’re like yeah we don’t have so much to sell that’s why with so

Hundreds of millions of Bitcoin going into these funds now you know you got to figure there there can’t be that much in OTC to be to be uh sold so maybe that’s why we see these like random spikes UPS uh anyways Robert kyos saki is still claiming that you know death of America

Death of the dollar and everything’s going collapse this is funny not Drome pal said Robert you have successfully predicted seven in the last two recessions but what I do like is the fact that he’s not just talking about gold and silver he talks about Bitcoin all the time now he seems to have

Converted himself into a bitcoiner even though he still talks about and brags about how he owns gold mines and so much gold and silver and so forth doesn’t hold that much Bitcoin but he does talk about Bitcoin quite a lot quite a lot um so that’s always good bring more

Attention to Bitcoin now this is what I want to talk about that major Buy Signal there are a lot of buy signals but this one just like all the previous ones show you how significant it is and also what’s coming up um so this is according to

This person it’s called a super Trend I don’t know what’s measuring but it looks pretty accurate so uh first cycle after we went from sell to buy Bitcoin went up 99 100% almost 10,000% and then it happened in 2016 2017 then Bitcoin went up 3,681 per. it happened in

2020 then Bitcoin went up 828 and guess what on the monthly scale it just flashed by once again so this time around and keep in mind this is flashing at 45,000 we’re this is not flashing at like 16,000 okay because if we did just like a 8X from 16,000 you know we’re we’re

Barely at like $100,000 no this is flashing at $45,000 so even if we went up let’s say I don’t know 5x 6X that would put us between 225,000 and 300,000 that’s what a lot of people are anticipating but who knows because of the ETF and Supply shocks maybe we have another

8X right that would put us around 350,000 who said who’s to say that we have to diminish the percentage every single cycle maybe this time we get 1,000% we don’t stop at 800% we go to 1,000% and who’s to say we can’t have 3600% this

Cycle that would be kind of crazy if we did but you know um you never know with institution institutional fomo this time around they have never happened in any cycle before I mean we never had ETFs and we certainly didn’t have as many institutions talking about Bitcoin we

This cycle is very different than previous Cycles so if they’re all foming and all the other funds are foming you know who knows who knows where the top is right but what I do know is this we do have a lot of metrics like this that

Are flashing by buy buy buy and more buy right so this is what I rely on the fundamentals of Bitcoin um onchain metrics I think these are a lot more macro views of Bitcoin right ta is more like a micro view where it’s shorter term but

Man if you put all everything else that I’ve been talking about together there’s no way you cannot be bullish on bitcoin um 95% of people holding Bitcoin are in profit 95% and we’re not even at like 60,000 we’re not even at 69,000 right but that’s because prior when we

Were going up in 20121 we we didn’t really stay above 50,000 that long we just like kind of breached it a couple times really quick quickly but most people that were buying in 2021 bought below 50,000 makes sense that’s why we’re at 95% in profit right now but

That thing that is going to climb to 99 100% soon soon all right last few things about Bitcoin uh actually the last thing I want to show again um Cycle One cycle two cycle three cycle four just kind of like the other one I showed you guys where will Bitcoin

End up this cycle you could see the 2020 cyc the 2021 cycle was prematurely cut we should have hit 100,000 in 2021 okay it’s because pow and his rate cuts that kind of like cut us off otherwise we would have gone to $100,000 so we’re a little bit behind we didn’t hit that

Curve but this time around if we are going to hit that curve it’s minimum at least 250,000 again the multiplier effect is it going to be a 6X a 8X a 10x from 45,000 who knows right but what I do know is this every single cycle after

A having event things get really really really bullish um all right so outside of uh Bitcoin let’s talk about a few altcoins um one in particular is Avalanche they’re finally coming up again they’ve been they’ve been pretty I’ll say stagnant as of late but Avalanche they keep on building I think

Games a lot of people anticipate that games will play a big part in this cycle and Avalanche is really ready for that they subnets right beam one of the biggest biggest projects or gaming platforms out there they also have defi kingdoms which is still executing they’re about to release new features

New hunts that’s on Avalanche also shrapnel they have their own subnet for their token even though they’re within beam but they have their own subnet with token and there’s another one postar game I mean there’s just like endless endless and there’s a new one that’s coming out it’s a tournament platform

Called tilt tiltyard I mean so as you can see all their subnets are gaming related right so if games they lead the way in 2024 in 2025 by bringing a massive amount of users into the space guess who’s going to you know take advantage of that Avalanche Avalanche is is go they’re presing

Themselves in a really good spot right now right speaking of shrapnel shrapnel is giving out 100K in crypto this week just for playing their game which looks absolutely amazing if you guys like first person Shooters I mean this is this is it this is it this is out people are playing it they’re

Going to have they’re going to host a $3 million tournament but they’re giving out a prize pool to people just for playing it right now just incentivise people it’s absolutely fantastic right but there’s another major game coming out called off the grid that’s going to

Be on Xbox it’s a console game but it’s also a web three game that people won’t know about so it’s starting to happen already rather than just be on desktop now you got console games that are web 3 it’s a 60-hour narrative campaign 150 player Battle Royale they

Have 250 employees they have custom in-game nft wallet the economy is fully onchain Avalanche subnet right so again shows you how how all in avalanche is on games right now ABS absolutely fantastic so that could be a killer too but outside of games Avalanche is still trying to upgrade their upgrade

Their their uh their chain so that they can scale infinitely basically 100,000 transactions right they have they have a lot of things going on so Avalanche I like I like a lot they like I said they’ve been little bit St recently but I think is going to turn um and another one

Is I noticed this on CMC the other day flare Network flare network is coming up okay so what is flare Network flare network is like a weird chain uh or weird history uh they were all about xrp right they were going to be utilizing xrp Ledger and you know they decided to

Change that they became a evm chain instead but they did airdrop a whole bunch of flare to xrp Holders so they originally they announcing that there were going to be a programmable platform uh on top of XP Ledger okay uh and then they changed that they became a L1 they’re evm

Compatible and but and they have their own token but still they air dropped a whole bunch of flare everywhere right um so that’s kind of like the history behind flare but recently you know a couple things happened uh Google came on as a validator that pumped up a lot they

Also do have coin burning which also helps right but overall flare is kind of like I don’t hear too much about it but I’m seeing them creep up on CMC so something to watch out they are evm compatible like I said they have their own Oracle system which is interesting

Because most layer ones utilize someone else’s Oracle like chain link or pith but then no they have their own so they consider that you know their own their own leg up versus all other l1s I don’t know if that’s actually a good thing or not but yeah so flare network is another

One to keep your eyes on all right that’s pretty much it let’s do some Q&A all right let me scroll up here I’m reading through the earlier comments the red Loop the red Loop I’m not going to repeat that um Jace is asking question do you see a

Small inverse Head and Shoulders on a daily your thoughts um small head and shoulders on a daily I see a inverse Head and Shoulders someone pointed that out shoulder one head shoulder two inverse head and shoulders and it’s exactly right because if you cut it off here what does that

Look like right it’s going to come back up and it did so this actually played out the inverse Head and Shoulders now after this there’s nothing nothing to look at on a shorter time scale You could argue that maybe there’s a bullish flag or bullish pennant going on a little bit yeah

All right let’s see here DJ says I don’t find you as bullish as before right now LOL uh flows on Friday plus 54 million thank you uh so basically what this is showing is hundreds and hundreds and hundreds of millions of dollars worth of bitcoin is

Being eaten up every single day now and it’s only going to escalate on Monday we’re going to probably see 600 million 700 million then we’re going to get to billions per day we’re going to have 1 billion in flow per day two billion three billion and that’s when it’s going

To get really crzy crazy uh let’s see Barack took 6K profit about a week ago to buy Futures didp but suddenly the market is significantly upwards feels stupid to buy again at a higher price I mean that’s that’s why sometimes you don’t want to that’s why sometimes you don’t want

To um you don’t want to make too many moves now if you sold because you didn’t have enough cash on hand because you felt like you needed some cash to DCA that’s fine that’s good but if you sold for the reasons that you thought maybe the market was too overheated or maybe

You heard others say it’s going to go down or you’re trying to outsmart a market any of those reasons then you’re going to feel horrible right now right but I would say this if you took it out for good reasons because you need cash on the side in case there’s a dip great

Then continue to hold and wait for that but you know this is why sometimes I just say it’s better to hold all and DCA that’s it just hold on and DCA because when something like this happens it sucks because now you have to buy back

In at a higher price and you have less now than before right that’s why sometimes the best thing to do is just do nothing hold in DCA Bob Smith you’re welcome uh comments on Alum I Joseph I don’t really have any comments on Alum Tony do you see allcoin season

Early coming early because what’s happening in BDC should we go all in right now no you should not go all in on all coins right now if you’re talking about like converting bit bit coin away to all coins no you should not but I will say this um the cycle has been the

Strongest cycle for alts normally speaking alts get very hot during the second half of the last year 2025 in this case but we have seen alt come up get hot but most of them are still like 60 70 80% off from their high right so that shows you they’re hot but

They’re not that hot yet but that’s when 2025 will change the game um but in terms of your question right now I think 2024 will still be very good for alts as bitco one gets bigger there’ll be more money flowing into space and a lot of it will go into

Alts Vandy Dandy 385 was the last gift I think so when we recently fell to 385 it made no sense like you know there was no reason for this other than I would just say it’s a ShakeOut you know Black Rock whoever this was after the ETF news and

It went down I I would say that’s a ShakeOut that’s pure now that we know now that we’re back to 47 we know that was a ShakeOut someone orchestrated it wanted people to to leave the market think about it Bitcoin fell to 38,000 we almost 10,000 above that point in what when was

That when did that occur January 23rd that was only three weeks ago had you panic sold you would have lost out on $10,000 in 3 weeks if you had one Bitcoin if you had more than one Bitcoin it would have been more how silly would it would that have been

Know anything about Ando looks like it’s a breakout isn’t Ando like some Banker coin um I swore I would never look at it again yeah it’s a banker coin if you like Banks you’ll like Ando and if you like Banks I don’t know why you’ll be in crypto

Uh cryptomania I almost bought the 38.5 D but waited now what now you have to decide if you want a DCA now or later because later I think we’ll be at 50,000 I I I don’t know we do get random drops sometimes all the time I don’t

Want to sit here and pretend like we’re not we’re not going to see any more dips we’re not going to see any more volatilities no we are in fact we might see more bigger ones coming up because in every single parabolic run we have major drops okay but with that said you put

Everything together you put in the supply shock that’s being driven by the ETFs you put in the having event you put in the rate Cuts right um and then you put in the the fundamentals and onchain metrics they’re all fantastic all fantastic there’s not one thing that you could point out right now

Honestly like even Peter shift uh like Peter Schiff I don’t think he can even say anything like basically he’s given up like there’s nothing bad you could say about Bitcoin you can’t even say well government trying to ban it no government is not trying to ban Bitcoin

I mean there’s really nothing bad you could say no one is trying to stop it everyone is embracing it it’s only going to go up from here in a bull market especially you want to bet on the fastest horse so when you look at crypto as a

Asset class or just say Bitcoin as a asset class that’s why I say like when people ask me well should I buy Tesla or should I buy you know Microsoft or should I buy you know mining stocks or should I buy whatever if you’re in equities there’s nothing that’s

Outperform Bitcoin nothing it’s it’s it’s it’s going to be a landslide so I I just don’t get especially in a bull market if you’re in if you’re in the market if you’re in the game to make massive gains you go with Bitcoin that’s it you don’t go with anything else

Uh Cristiano will avac do a 15x this run at what point in the BD cycle are you thinking about profit taking I’d say after you know I I would say it depends on how fast we move if we’re at at like a 100,000 by say July time frame I would

Say yeah maybe maybe we’re moving a little too quick right slow down to DCA maybe take some take some money out and see what happens but if we’re moving slowly like this where we just make new highs every few months and we’re just trending upwards and by the end of 2024

We’re at 100,000 well then I feel a lot more comfortable just holding and waiting to see what happens in 2025 because then I think we’re we’re still going to do the same move and 2025 we’ll see another new high right I think it depends on how fast we’re going to move this year

See like when it comes to like like fundamentals you look at stocks stock what are fundamental of stocks well you look at the company basically you look at their earnings and their future guidance that’s it um and debt right so p ratio and then you look at their

Future guidance that’s what Wall Street goes by um but you look at fundamentals of Bitcoin for example it’s totally different it’s how strong the network is and the network keeps getting stronger the hash rate keeps going up the difficulty keeps going up the number of Bitcoin being held and not moved on

The network going up number of Bitcoin on exchanges keeps on going down number of transactions going up volumes going up wallet addresses going up like like lit Lally when you’re looking at the metrics of Bitcoin they have never been better than now so you know when you judge Bitcoin

Versus stocks they’re different and Bitcoin is just so strong right now so strong yeah I don’t think I will get create a George coin um B yum I don’t know how to say that uh Dimension Dimension has been doing a lot of air drops they’re within a cosmos

Ecosystem they’re a little too hot for me okay they’ve been like skyrocketing recently so you could see that’s within just days so I I would cool off I would let them cool off before getting in but they’re they another Cosmos chain that is above a billion now IR sure sure why

Not I have Jason ask I have 272 million sheep at a price of okay point a lot of zeros um one two three four five and you have one two three four okay uh do you think she will at least hit that price to cycle so

I I mean you’re talking about like it has to do like a 3X 3X to get back to their I mean yeah I think they could do a 3X um I don’t know if they’re going to get back to their previous High most likely they

Will but you know all the dgen me guys have moved to other memes so I think Doge and she are going to be weak someone said Bon is doing well today up to 850 million once again they were at 650 so uh a lot of these memes you know Bon is also on

Coinbase so they’re going to steal some of the thunder away from like SHO every net Asia welcome welcome Supra it’s very easy you don’t need to analyze why Bitcoin dropped 30% two months before the having event that was the March covid crash everything crashed that was March go go look at Dollar

NASDAQ look at their index they both fell significantly in the same time that has nothing to do with the cycle that’s a asterisk because had we not had a CO pandemic shutdown and caused the crash of everything you know Bitcoin would have just gone sideways and upwards but we did have that v-shaped

Recovery really quickly so it’s just a golden opportunity to buy um what about injective I still like them it’s kind of they and Celestia are like neck and neck three billion and then Celestia is 3.3 pretty close pretty close Raymond has asking buying on Trader

Joe will be a taxway event it is if you sell yeah everything is a taxable event uh are allcoin Joseph asked are allcoin prices correlate with BDC market cap or the prices are not so dependent on a market cap what’s your prediction for xrp I I did you just say something

Something like clever to hide the fact that you just want me to talk about xrp um I I have an educational video I’ll show at the end about xrp but yes all coin prices are correlated to bitcoin very heavily correlated do you know Sergio do you know coin link could calculate all the

Meme trades on Jupiter and radium or have to do it manually um I don’t know if it support salana good I’ve used coin before you just P basically plug in your your addresses so as long as they support salana addresses then it’ll be fine you don’t really need

To worry about the dexes you just need to worry about plugging in your addresses and the more addresses you plug in the more the smarter it is so it knows like where you transfer from and to so they won’t be counted as taxable gain events

Um but I don’t know I I I don’t know if the they support salana I think they do give it a try uh is Jupiter going to start moving again it will give it time like I said you can’t expect to air drop $800 million wor of tokens and then expect no

One to sell people are going to profit take that’s for sure right that’s free money to them so when enough people have sold they’ll find the balance they’ll find that base and then it’ll start moving again uh I have $500 what would you put it into Jupiter or beam I don’t know

They’re both good I would split it I I like them equally beam because of what they’re doing in the game sector and a relay the Avalanche that I just talked about and Jupiter is the biggest decks by volume now so they’re both good in their own respects uh so I would split

It uh by the way today’s Chinese New Year so Happy Chinese New Year to everyone that is that cares um it’s the start of the new year and tomorrow’s a Super Bowl so I don’t know who everyone’s rooting for it seems like everyone’s against the Chiefs seems like everyone wants

49ers to win I don’t have a leg in the horse so I don’t I don’t really care but I’m just going to say chiefs uh Miami James why is eth lagging behind because there’s so many l2s that are gaining strength no one really talks about eth anymore you got some Die Hard

Eth guys that are still holding on strong but man I think eth is is go struggle this year all right guys I got to go so overall major Buy Signal major bu signal detected only happened three times before and they were very very very bull so we just had that stay strong guys

Stay focused and I’ll see you guys on Monday and we’ll see maybe Bitcoin will be at 50,000 um we may be at 50,000 tonight who knows Smash It the like subscribe to the channel I will see you guys later um and have a good one take care