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THIS BITCOIN CHART SUGGEST EVERYTHING IS ABOUT TO CHANGE FOR BITCOIN



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Timestamps:
00:00 – Intro
01:00 – This time is different for Bitcoin
10:00 – Altcoins

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**Disclaimer**
Please be advised that I own a diverse portfolio of cryptocurrency as I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.

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Guys Bitcoin is going absolutely nuts and you can see that we are approaching a very key level the same level in which we actually did see a massive pullback from previously so when we reached 48,600 approximately we did have a pullback all the way down to 38,500 so

Are we going to see the same thing right now today guys I am going to talk about that and I’m going to show you the proof about why this time is actually different and what you need to pay attention to right now this is actually onchain data which shows us this so it’s

Black on white I’m going to talk about that I am going to update you on some massive breakthroughs you’re seeing in the market in general so if you’re in involved in alt coins as well guys you will want to watch this video and um yeah a lot of things to talk about today

Guys so make sure to stick around from the beginning Until the End welcome back everybody my name is Chris bringing new cryptocurrency videos every day teaching you how to make money 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 so what you can see for Bitcoin this is beautiful on the 4H hourly time frame uh let us not talk about where we are at right now let’s do a little bit of a recap here so what you can see is

That the Bitcoin price is going up yes very clearly but what I absolutely love about this and I talked about it in yesterday’s video is that after you have impulsive moves up we usually come down and we either consolidate right above the orange line or at the Orange Line so

You can see we have a big pump here we come down we make the Orange Line support consolidate for a little bit and then you have another impulsive move you come down you make this support and as you know guys we consolidate for a bit

Here in fact you came up to the next level of resistance also we got rejected of this on the 4 hourly time frame come down make this support 1 2 3 4 5 6 7 8 4 hourly candles you come up again rejection at the Orange Line and then

Finally breaking through it and now we’re making this support so the structure of the market is absolutely fantastic guys this is not a straight candle straight through the roof it’s not like the you know unnatural thing this is a very natural movement in a bullish Market guys so it’s absolutely

Fantastic to see now what can we expect just like I told you on the daily time frame this is where we went up on the previous Wing High okay we went up to 40 $8,800 so you can see that we are very close to this point right now and the

Last time we saw us come up here you did see a pullback down to $38,000 to uh it was about minus 21% so the question on a lot of people’s mind right now is are we going to see the same thing and the answer for me is no because things are very different

Right now should we be prepared for pullbacks in general of course are the pullbacks meant to be bought absolutely absolutely uh but here’s the thing the massive difference between where we are right now and where we were the previous time when we got this rejection so here

We had a lot of people that had bought Bitcoin in anticipation for the ETF now the ETF was approved it was launched right here so people started to take profit also there was a lot of fear with grayscale dumping Bitcoin they dumped a lot of Bitcoin in a short space of time

And um that was a massive difference compared to now because what I said right here when Bitcoin was dumping and people were selling I said okay if you’re selling Bitcoin right now what is your plan because I really hope that you are not in one of the most bullish

Phases of the market are you going to hold US dollars are you going to hold uh are you going to sell Bitcoin to hold US dollars what was your plan so some people sold here but they didn’t have a plan so right now they sold they’re sitting on dollars and now again they

Are C and Bitcoin reach the same price point in which they sold that if they actually managed to hit the top here most likely they were selling somewhere around here between 42 to 45 so we are already above this so this means that you are going to start to see some crazy

Fomo coming into the market from all of those people who sold Bitcoin and I was warning everyone on my channel if you are selling Bitcoin have a plan for what you’re going to do with that money because you will not want to hold dollars as all of the markets are going

Up traditional markets are going nuts Bitcoin is going nuts altcoins are flying and if you’re sitting on dollars and believe me there’s a lot of people sitting on dollars right now and those people are going to start to fomo back in so I think that that is a big big big

Difference compared to where we when we were at this price point also if you look at the onchain data uh let me show you so basically what you got here is first the black line is the Bitcoin price the purple line is the realized price H if I explain the realized price

In simple terms it basically means out of all of the Bitcoin in circulation right now at which price was the Bitcoin accumulated at so basically it shows us if the Bitcoin in general was accumulated down here at $27,000 all of the Bitcoin in general have a purchase

Price of $27,000 and then the Bitcoin price is at uh sorry this is $27,000 and then the Bitcoin price is at $337,000 that means that for every Bitcoin there is10 $1,000 in profit so basically it means how much of the market is in profit right now for

Bitcoin all right that is in very very simple terms and what you can see is the last time we were at this point this price point you had a lot of unrealized profits for Bitcoin that is this kind of uh uh purple Cloud so you can see the

Purple Cloud was kind of high the peak was right here and the the profit margin if we go to the left here was about well call it 37% or so so 37% profit on bitcoin here now look at where we are at right now the profit margin is much less

Because just like I said most people that were doing the ETF trade they already took profit and they are now I don’t know what they’re doing but probably they’re going to f back into the market at some point so the market is in a very on the chain on the Bitcoin

Network it is very very different right now compared to what you saw the last time we were at this price point and um that is why I believe that there’s still some room left up for Bitcoin definitely and overall I do think that we’re nowhere near the top for this cycle now

Another thing and I’ve been getting a lot of questions about this people have been asking me about the Lux algo this fantastic signal that was flashed right here at 44,600 and uh I was telling you like as we were approaching higher prices for Bitcoin I said we are probably going to

See the Lux algo bullish signal flash soon soon and when that happens typically you see a big pop towards the upside more or less between 8 to 10% initially and then more than that so I guess the best example would be the last signal right here so when this flashed

You immediately had 8% and then it just continued so a lot of people have been asking me about what this uh indicator is it is Del luux algo guys and I will continue to update you here on the channel whenever this flashes but if you

Want to get this yourself you can do so using the link in the description so go down if you want to get this one you do have it right here Lux algo click on this link up to 20% off using my link and uh yeah you can just go back if you

Want to see the power of this indicator I’ve already already talked about it for so long but you can see the bullish signal is flashing here and you can see it right here we went up you can see it right here boom we went up and uh yeah

You can just see how this continuous flashed here boom up let us see if we can get 10 in a row I think we’re at like five now so this is the fifth I think or sixth boom flashed up and boom flashed we went up uh boom flashed we

Eventually went up well here we definitely went up uh what else so this is already in the uh previous cycle boom flashed here went up uh is there any I challenge you to show me if there is any point in which this signal has flashed on Lu algo and we have gone down

Immediately had a big dump boom flashed went up um flashed went up so I could do this all day guys very very powerful signal um but of course it’s not 100% certain that it’s always going to work every single time in the future but so far so

Good and um yeah we’ll continue to update you whenever you see a new bullish signal flash but generally when this flash it takes probably months until you see a change here so let’s keep our eyes on that I already talked about the 4H hourly time frame now let

Me show you some Trend shifts before I talk about some Trend shifts actually let me just show you for everyone that are using my trading strategies you are up insanely you are up insanely and I see a lot of profits being made by everyone using my trading strategies so

On bitat people are up already several hundred, and I know uh if I look at the profits uh on the back end of the people that are using my okx bots of course my okx bots has been running for way longer but there’s millions that have been made

By people using my ok xbots so absolutely fantastic of course if you want to use these trading strategies and there’s a big video coming in the next few days guys so be prepared for that but if you want to know more about these trading strategies and how they work go

To the description of this video and watch the top video right here explaining everything you need to know the top of the description now let’s continue and talk about Trend shift so the total three which is the total crypto market cap excluding Bitcoin and ethereum has had a massive breakthrough you can

See that we had a on The Daily time frame a trend line going down like this and since a couple of days we have actually broken through this so This Means for me that altcoins are most likely going to continue to have a pretty good timer moving forward in fact

You can see that on the Bitcoin dominance we are on the weekly time frame reaching a little bit of a um a little bit of a vital key Point here so you can see that this is a key level on the Bitcoin dominance on the weekly time

Frame so if we can have a pullback when we come up to this level then it’s likely that the Bitcoin dominance is going to go down again meaning that altcoins are going to do a uh are going to have a really really good time as well now for tomorrow Monday sorry

Actually tonight the Futures Market opens up the traditional markets are at an all-time high and if this continues throughout the next week guys you are going to see something crazy I can already say that if the traditional markets continues to go up that is going to cost so much fomo into crypto that

You will probably not be ready for it honestly now that is a if of course if we see something happen here and traditional Market goes down then that is going to put a white a wet blanket on the crypto space as well but I’m just telling you if this continues like you

Saw last week for the traditional markets be ready for some crazy stuff for Bitcoin considering everything I’ve been talking about here in this video now who have been buying recently so we know a lot of people have been selling as they have been doing the ETF trade

They have been selling it for dollars they’re waiting to get back in well guess what the whales are the ones that have been accumulating those Bitcoin the whales have been accumulating crazy amounts of Bitcoin and so for the people that sold they’ve been selling it straight into the whales hands they have

Accumulated $ 6.16 billion doar worth of bitcoin over the the past three weeks so absolutely insane now in terms of the altcoins I’m watching guys and this week I am going to add additional altcoins here but for now we are having some massive breakthroughs also for the

Altcoins you can see that uh by the way beam and Merit Circle if you didn’t know it’s exactly the same up 58% during the last s days so absolutely fantastic cdy is also starting to wake up in fact if we look at beam first you can see that

We are at a key point in fact we are breaking through a key point right now the previous swing high resistance for beam Merit Circle whatever you want to call it um we’re breaking through it right now so this is massive for this uh coin and also for CI you can see a

Massive breakthrough here so this was the previous support went up it became resistance but now you’re seeing a little bit of a trend shift here for cifi as well breaking through this point so that is looking good for cdy so far uh but overall guys things are looking

Really really good good in my opinion for Bitcoin for altcoins and that will continue to keep you updated as always guys thank you so much for watching this video and I will see you in the next one

33 Comments

  1. MASSIVE BONUSES BELOW!

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    – INSANE – SIGN-UP TRADING BONUS of up to $8,400

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    – SIGN UP TODAY AND TRADE ON THE PHEMEX LINK ABOVE

    – NO KYC required for up to 2 BTC withdrawal per day

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    👉🏼https://bit.ly/2PgeNdI

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

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

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  2. OKX SUCKS! I've created an account on OKX especially because of your recommendations. Firstly they didn't allow me to create bots in my geographic area. Second I've been transferring money to them from my bank account and now I'm trying to redraw for the first time and the confirmation e-mail never arrives. All I can do is chat with this stupid bot asking me the same shit over and over again. It's almost like a scam exchange!

  3. All events end up being a buy the rumour sell the news event and the having will be the same a massive sell the off on the day
    Update bitcoin pumped because of Chinese new year .

  4. I have a different impression that the amount of bitcoins that are in profit has decreased. This means that the people who bought at the low price sold their bitcoins and the uninformed people bought in this recent rally. So by creating a selling pressure and moving downwards, all these people will be afraid and sell as they accelerate downward movement.

  5. Lux Algo signals at the CLOSE of the candle, so on a buy signal, measure from the top of the candle close and on the sell signal on the bottom of the candle close.
    The percentages are nowhere near as much as you have shown and on backtesting on the daily, weekly and monthly , it only just has a positive result, but many signals were negative

  6. Hi. I'm relatively new to crypto. I'm also in a bit of a dilemma – whether to consolidate my BTC position, i.e buy more or try a few of the alt coins, e.g Solana, Ethereum and Cardano etc before everything skyrockets? I have a 50k GBP budget. I understand you can't give financial advice but my gut says I should diversify within the crypto market. Btw I'm 60 years old and haven't got time for a 5 to 10 year plan. Great videos. I'm learning more each day.

  7. I was genuinely believing that market will correct to 35K or even sub 35K as this is what the history was showing. I agree investors / retail will go back FOMOing in, however I still keep some considerable cash aside just in case we see a flash correction down.

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