THESE BITCOIN WHALES ARE DUMPING NOW! BIG WEEK AHEAD!
this week is massive for crypto and for
Bitcoin today guys I am going to talk
about what you need to pay attention to
right now because we do have some of the
largest whales are currently selling
Bitcoin why is this well today guys
we’re going to go through all of this
we’re going to go through everything you
need to know in order to make money in
this market so welcome back everybody my
name is Chris bringing you
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you how to make money in this market if
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now so for Bitcoin guys on The Daily
time frame you can see that we are still
being supported at the edge of The
Orange Box here we’ve been supported now
on The Daily time frame 1 2 3 4 five six
candles in a row the Bulls have been
trying to keep us above this point as
we’re seeing some selling pressure
coming into Bitcoin so zooming out this
is what we can see first thing is that
we can see that the first time when we
went below this uh Orange Box we
actually did go below it we closed one
daily candle here at $61,000 so at least
we got supported that orange line but
then we had a significant uh Bounce from
this point so the Bulls they managed to
and it was important they managed to get
us Above This Orange Box again because
if we consolidate below this Orange Box
that is actually a very very bearish
sign so for us to at least uh go down
yes but uh then have a big bounce and
immediately go above it this is a signal
of strength now what you can see is that
the Bounce It kind of eased out a little
bit and we had another pullback but this
pullback we’re actually having a higher
low compared to this one right here okay
so we have a higher low which is a very
bullish sign as well so if we can
maintain this guys if we can have
another pump and then potentially make
another lower sorry higher low that can
establish a little bit of an uptrend
here on the daily time frame which is uh
more or less just going sideways since
we went up to $773,000 here we’ve been
consolidating like this right so that is
very important looking at the
traditional markets you can see that the
traditional markets if we extend this
previous trend line right here we
actually did manage to break through
above it here but uh yeah we’re more or
less also going sideways since a few
days here so nothing seriously to
consider there on the traditional market
so really we’re still going sideways
we’re still waiting for the next major
move which I think is actually this week
is going to be pretty volatile for
Bitcoin especially on Wednesday I do
think we’re going to see some decent
volatility now let’s talk about some
more onchain stuff when it comes to
bitcoin because at just uh above well
just below I would say $60,000 you do
have onchain support for Bitcoin so what
is this onchain support basically the
red line here is the short-term holder
realized price so basically what it does
is it takes the short-term holders which
I think is wallets that have been
holding Bitcoin for less than 6 months
and it calculates in which at what price
those Bitcoin were accumulated at and
that price is currently at $
price the Bitcoin from shortterm holders
have been accumulated at well if it
starts to break down below that point it
typically means that you’re going to see
accelerated selling but if we can hold
through that level then uh we are in for
some some nice action towards the upside
essentially it could act as a big
support level if that level holds and
the logic behind this is that if you’ve
been accumulating Bitcoin at a specific
price well then you might be willing to
hold those until it reaches until
they’re at a loss essentially and at a
loss you might want to get out of that
position to not you know increase the
losses if we are in fact going to go
down lower so that is the logic behind
uh this onchain data but for me
obviously you know the case already I’m
not going to sell any Bitcoin and I have
a much lower price average price for
Bitcoin because we have been
accumulating on this channel we’ve been
accumulating Bitcoin since since $16,000
essentially when uh we saw a lot of the
technical patterns signal that we were
actually in for a new bull market so
your average price is most likely also
lower than that if you’ve been
accumulating for a long period of time
right and also Wily woo says here
something similar that $
59,6 is a point of support so pay
attention to that um additionally we did
have Hong Kong ETFs for ethereum as
Bitcoin they went live yesterday or
today
um so this is actually really really
interesting so the amount of money that
flooded into these ETFs so far it’s been
about20 million for the Bitcoin ETF and
about I think $20 million for the
ethereum ETF so that is really
interesting to see and Asia has a huge
amount of crypto users so it is
anticipated that actually these ETFs on
the Hong Kong Stock Exchange are going
to bring a lot of money into Bitcoin and
into crypto as well so let’s keep our
eyes on that but there’s some more
bearish news coming out of the miners
actually because the miners are sending
large amounts of Bitcoin to spot
exchanges why because they are extremely
under prayed right now as daily revenues
have plummeted to the lowest level since
November 2022 why is this it’s obviously
because of the having the having meant
that they are getting half the amount of
Bitcoin they usually would
so um yeah the miners are struggling a
little bit right now which means that
they are sending Bitcoin to exchanges
and liquidating those in order to keep
up with running costs so that is some
shortterm uh headwinds that we have here
for Bitcoin so let’s keep our eyes on
that but just like I said guys this week
is absolutely wild for Bitcoin the FED
will react for the first time to Rising
PC PPI and CPI inflation data this
includes chair Powell’s questions and
answers after the first two Monon
increase in inflation since September
2023 so we’re going to see what he has
to say about this it will most likely be
some of the usual stuff but uh make no
mistake the market is going to try to
react heavily to this so we will see but
prepare for big volatility especially on
Wednesday but throughout this week
overall also you have 20% of the S&P 500
will be reporting earnings including
Apple so that could have a big effect or
it is going to have a big effect on the
traditional markets here so let’s see
about that as well also we have of
course you political tensions over in
the Middle East and across the world to
be honest so keep your eyes on all of
these things guys I hope that you
enjoyed today’s video and I will see you
guys in the next one
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Timestamps:
00:00 – This week is HUGE
00:28 – Bitcoin analysis
04:51 – HK ETFS approved
05:35 – These whales are dumping Bitcoin
06:17 – This week is important
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39 Comments
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Whale Games incoming!! Buy the dip coz i bet we go parabolic in May. They owe us Alt Coin season and they want it too.. AMEN โ๏ธ๐
how's lux algo?
What happened to the $6 billion pump you ranted about?..LOL
Every man and his dog is dumping bitcoin now.
It is a matter of time before we see a complete collapse to 50k or worse.
Always appreciate your input Kris, you always nail it
Just saw another video that whales are buying
thanx for the upload โฆ. do you think it goes lower this week?
Huge glitches are happening right now in the DEX
They are sending almost x8 the coins
I just put videooo
Accumulate long
Dump if u want we will hold
Saylor is buying what these so called whales are selling
your title are "these wahles dumping"
in the content there is no mention who the whales are or kind of the dump
REKTTTTTTT
Where is the evidence of whales dumping?? ๐คฆโโ๏ธ
Bitcoin needs to close this monthly candle above 61,300 or we go down and will be months to recover
โShip ahoyโ, donโt chain yourself โ๏ธ to the present financial and political paradigm โฆโฆ๐โฆ.๐ข
Bitcoin & Litecoin are the liferafts in case youโre coerced or tricked aboard ship โฆ.๐โฆ.๐๐พโโ๏ธโฆ.
Repeated thing like with the other etf it was more profits to buy etf and then when BTC dumped all that cash inflow from massive corp started to buy out the actual BTC and boom we back to 70k in moments.
So doesnt this news make all ur other videos irrelevant about buying the dips?๐
Bitcoin Squid Games playing out
Binance is building the backbone of the AI with Bicolai token. This is going to be massive. ๐ฅ
Bicolai Token about to explode anytime soon ๐ฅ
Bicolai Token is listing in less than 3 weeks, gonna be huge! ๐ฅ
Bitcoin is chinas way of taking money from you and any othet dumbass who buys bitcoin garbage. Go xrp and eth the american cryptos not chinese bitcoin
Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good ๐๐ป๐๐ป๐๐ป๐๐ป๐๐ปwas owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $8,000 and got my payout of m $270,500 every months,God bless Chloe Linda Henderson ๐บ๐ธ๐บ๐ธ๐บ๐ธ..
Waiting for this dump, gonna buy more when it will fall on Ownr wallet
Meanwhile whales selling pressure continues โจ๏ธ
Making room for the bull. Wait till t
he china shop is under 48k
I am dumping to 59k but my preferred price is 55k to go max long 100x.
What happens to the bull signals flashing yesterday? You said pump incoming. Maybe you should stop clickbaiting
4 and fud!
Tracking Crypto on a day to day is frankly boring, i guess good for day traders…
At least this YouTuber doesn't delete comments criticizing him. Other crypto influencers, when you call them out on their crap, will automatically delete your comments.
Bitcoin might go back to 30k everyday in the red
Rug pull as hell. It blew my portfolio, fuck.
Whatโs up with Forgotten Playland? You holding, or selling with all the other presale buyers Chris? Just curious, you went quiet on the project. Feels like WEYU all over again ๐
Actually broke ur box like 1-2 hours ago
๐ LOL…..JUST SHUSH UP AND LOAD UP..
Ops, retesting $61k and analysts are watching ๐ฎ๐ฎ