BITCOIN…. SIDEWAYS BEFORE MASSIVE PUMPS? PREPARE NOW

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Timestamps:
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01:09 – Bitcoin analysis

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Guys Bitcoin is going absolutely nuts and you know that for the last few weeks and months I have been screaming from the top of my lungs that I believe that Bitcoin was going to go up to higher prices but now I am actually going to change my tune just a little bit because

Now you’re starting to see the people that were calling for Bitcoin to go down to 20 and $110,000 you’re starting to see them say that we are going to reach $100,000 in no time guys today I am going to share with you why there are some very important things to pay

Attention to right now why Bitcoin could go sideways for a tiny little bit now I am still the biggest Bitcoin bull as you know guys and um you know this if you’ve been watching my channel for like the last year or so I’ve been saying we’re

Going to go up to higher prices but now is the time to pay attention and I will show you exactly why guys so make sure to stick around from the beginning until the end of this video very important stuff to talk about today today welcome back everybody my name is Chris bringing

You cryptocurrency videos every day teaching you how to make money in this market if you’re new to the channel then make sure to subscribe and activate the Bell right now and what you can see for Bitcoin on the 4 hourly time frame guys is that we’ have had a massive green

Candle so what you can see is that the trend continues of us going up breaking through the orange line consolidating for a tiny little bit and then we go up to higher prices we go up towards the uh top here we come down make the Orange Line support and then we have another

Another impulsive move towards the upside same thing here consolidation and here actually at the end yesterday we had a little bit of a fake down boom went down and then immediately big candle towards the upside and now we’re seeing the same thing we’re broken through this we’ve come down we’ve made

This support and now consolidation so the patterns you’re seeing right now for Bitcoin it’s still looking very very bullish from a technical standpoint here guys for Bitcoin things are still looking really really bullish so why did I say in the intro that there are some key things to pay attention to right now

Because we have been riding this from 16 from $220,000 all the way up to this point now we have hit a massive psychological level at $50,000 and just like I said now we’re starting to see all of those people that were calling for $10,000 for Bitcoin

They are starting to say that we are going to go up to much higher prices and they are starting to become bullish so the question is is the market becoming a little bit too euphoric now for me if you have a long enough time Horizon look guys everything I’ve been saying for the

Last few months with the having coming up with the institutions fing with all of the onchain evidence I’ve been showing you trying to portray a bullish P picture for Bitcoin all of that Still Remains intact I still believe that we are going to see much higher prices uh

For Bitcoin compared to where we are at right now okay I still believe that 6 months from now one year from now we’re are going to be at much much higher prices but for this very moment there is first the traditional markets to pay attention to traditional markets had a

Little bit of a pullback here and uh let’s see if this is the start of a kind of um intermediate kind of pullback like this or if this was just a temporary pullback and then we go up to higher prices now for traditional markets my thesis is still the same as for Bitcoin

We are going to most likely reach higher prices for the traditional markets moving forward and um as that happens Bitcoin is going to outperform the traditional markets in my opinion but for this very moment um if you haven’t bought from the very lower prices here for traditional markets and Bitcoin then

There could be some sideways action you could have an opportunity to potentially buy the sideways action right here so another reason why I think that maybe you’re going to have some more consolidation here for Bitcoin and within let’s say we’re going to have consolidation in this range maybe even

Come down to 48 again um now pay attention I am not saying that we are going to have a complete Meltdown by any stretch of the imagination although we know that in Bull markets we are inevitably going to have at some point major pullbacks but I’m not saying it’s

Going to happen right now because Bitcoin is looking so bullish from a technical standpoint everything I’ve been saying for the last few months Still Remains intact but if you look at the dxy look at the dxy here so you are right now on the dxy which is the dollar

Index on the 4 hourly time frame you are now at my support level at the red line here of The Orange Box so what this means is that we are at a very strong support level for the dxy so either we are most likely going to have either a

Bounce from this point or we are going to break down from this point now if we break down this means that if we see something like this for instance it most likely means that Bitcoin is going to shoot up to $60,000 in a pretty quick amount of time but the more likely

Scenari that we stay above this level for a little while longer maybe even have some small um sort of strength here now do not make a mistake here because the dollar Index is over time going to Trend down it is going to go down to zero uh with time well not zero because

This is compared to other other Fiat currencies out there but the dollar is going to devaluate and it is going to Trend down lower that is my opinion and as the FED starts to cut the interest rat then this is going to go down so that is going to H H happen like

Eventually but the question question is is it going to happen right now well you need to pay attention to this uh Orange Box and this red line essentially if we break down from this then I see a quick uh drop here for the dollar Index but

For as long as we are above this level you know how much I love my orange boxes and my red line as long as we are above this point my base case is that we are going to stick around above this for a little while while longer before we

Eventually break down from this point so so these things considered are we going to shoot up to $75,000 for Bitcoin in a week in a month well Bitcoin is looking bullish but still we need to manage our expectations right here we already roll it from $20,000 up to this point And now when

Everyone are becoming super bullish now is the time for us to to manage risk as well I’m not saying sell everything what I’m saying is be prepared for some sideways action here before we potentially go up to higher prices so um that is what I think is most likely

Going to happen a little bit of sideways action small amounts of pullbacks around the $50,000 uh area until the fomo starts to come back in in time how much time is that going to take maybe it’s going to take just 5 days maybe it’s going to

Take a week but I do think that for this very moment some sideways action is what I really want to see for Bitcoin as well because I do not want uh the people that blindly jump into Bitcoin at these prices without having a plan that uh you

Know the market tends to uh to punish Behavior like that now if you like us had a plan from the very start of this year or actually for several years before then that’s a different thing we are comfortable in our bags that we purchased from much much lower now let’s

Look at some of the fundamentals for Bitcoin so the spot Bitcoin ETF continues to see massive amounts of inflows and this is going to continue as all of the people that buy Bitcoin through the ETF the they start to see their profits right so they see oh I

Bought Bitcoin two weeks ago and it is it is at massive profit today more than my stocks more than my other assets more than gold maybe I’m going to put some more into it okay so it becomes like this uh wheel this fly wheel of people making profit having unreal Iz gains

Talking about it to their peers and then it just continues the financial advisers continues to promote the Bitcoin ETFs and so it continues so long-term and even midterm super bullish for Bitcoin nothing to say about that my stance Remains the Same now why did we uh not

Break through $50,000 cleanly well it is a big psychological level of course but also you can see that there are some big walls on binance and on coinbase so there were big walls that already had their orders in the order book so that is why we had trouble breaking through

$50,000 because basically there are a lot of people who already have their Bitcoin in the order book um so you need to kind of go through the sell wall here before you go up so that is also why I’m saying that we’re most likely going to

Go sideways for a little while before we see the next um the next leg up now I could be completely wrong because like I said Bitcoin is looking bullish I could be completely wrong but I’m just thinking that a little bit of sideways action before the next leg up is most

Likely what we’re going to see and that is actually what I want to see as well like like I explained to you previously now for our altcoins uh I talked about two uh setups I think it was yesterday or two days ago uh and I’m going to get

Back to that soon but first for everyone that are using my trading strategies on okx and on bitat insane profits are being made for everyone using these ones so that is absolutely fantastic to see guys so guys if you want to use those trading strategies go down to the

Description of this video watch my tutorial at the top here explaining everything you need to know and with one click you can set up these trading strategies here um now I wanted to talk about these alt coins as well because um I gave you these setups a few days ago

And I talked about beam being at a breakthrough moment because we were you know we were hitting this uh level right here and this is the previous swing high now beam as you know was rebranded from Merit Circle so this is a fresh chart but is actually an old coin and um yeah

Once we broke through this we are already up a nice like 26% from just a few days ago when I when I talked about those potentially uh breaking through this so beam continues to do well and beam are also going to have their first game being launched uh for from their

Internal studio so we just hit actually right now for beam we hit 30 cents which is absolutely fantastic this is one of the coins I am the most bullish on in the cycle guys this is why I made it like one of my top coins uh a few months

Ago when I talked about this and since then it is already up like I don’t know 600 700 800% so absolutely fantastic now continuing to uh s fund so cify was also another coin I talked about in that same video two days ago saying that we were

Also at the Inception Point here you can see that this support turned into resistance right here and we were about to break through it now since breaking through this we have also gone up for CD uh CD yeah cd5 uh 16% so absolutely fantastic gains here guys and I will

Continue to bring you this if you like these altcoin setups guys make sure to let me know down in the comment section I will bring more of those to you in fact let me know which ones you want to see yourself guys this is what I got for

You thank you so much for watching this video and I will see you in the next one