Bitcoin Dumps 12% | You’re Being Lied To About The Bitcoin ETFs…

Bitcoin Dumps 12% | You’re Being Lied To About The Bitcoin ETFs…

what’s going on everyone my name is
Nicholas meron here from data Dash and
today is May 1st of 2024 well folks I
hope you all are having a fantastic day
wherever you are because in today’s
video we’ve got to spend some time to
urgently break down what’s going on in
crypto markets as we’ve had two
significant red days in price action
breaking below the 100 day moving
average for daily close for the first
time since back here in August of 2023
this sends clear signals about where
price is likely heading and I want to
spend some time to not only review the
price action of a whole range of
different cryptos as broader Assets in
the stock market but outside that as
well try to give you guys a game plan on
how to approach this we’ve got a lot to
unpack here in today’s video so if you
Happ to enjoy it consider dropping a
like and let’s go ahead and kick things
off so guys as you will probably
remember from our prior video we put out
just back on Monday we had talked about
this essential case where Bitcoin was
likely to collapse from around the
$62,000 or $63,000 range below the
18-day moving average and down at least
to the 200 day moving average the reason
why this is the case is we’ve seen
consistent price weakness here an
inconsistency on the 21-day moving
average was our first sign the wedging
pattern the price building up with
higher lows and lower highs and a
failure to break out but rather a clear
breakdown and rejection at the 21-day is
all all we needed to know to have this
confidence that we were heading lower
and since then back here during this
period in early April we’ve been
significantly in cash off of that
inconsistency in the trend we got out
way in advance we took a lot of the
profits we had from a lot of the mem
coins and allcoin trade setups that we
engaged in and we took that cash and
we’ve been remaining patiently on the
sidelines here and it’s been paying
dividends we have now had the first
significant break of 100 day this is
much further than the correction we had
back here in late January post the
launch of the ETF and I know a lot of
people are probably confused by this
some people might be wondering why are
we seeing the sell off now you know I
thought the ETF inflows were just going
to lead us to six figures I thought the
having event was going to help well guys
as you all have probably seen if you
watch the channel religiously if you
haven’t already if you like this video
consider dropping a like consider
subscribing consider joining the family
but for those of you who really do watch
the channel religiously you guys know
we’ve talked about how the having event
on a fundamental basis on a Supply
adjustment basis is minimal it’s only a
7% not 7% but 7% inflation reduction on
an annualized basis for Bitcoin it does
not have a great impact on the grand
scheme of things when it comes to price
versus prior having events where the
prior was 1.4 before that was 2.8 right
so you’re talking about much larger
inflation uh reductions and where it
goes to bitcoin Supply so again
important point to keep in mind but
outside of that as well we also have
have very clear weakening in the ETF
inflows in fact we’re actually seeing
net outflows in the United States now a
lot of people usually are thinking about
one or two topics obviously the US ETFs
that launched earlier back this year in
January and the newer topic or narrative
that got everyone Juiced up which is the
Hong Kong ETFs and suppos an entry for
money throughout Hong Kong Shanghai the
broad Chinese market to be able to get
into Bitcoin as an asset for the first
time on a spot basis
well at the end of the day guys we
simply need to look at the numbers we do
not need to analyze the headlines go off
of assumption and hype around what could
be the case right I know a lot of people
again made the narrative that there’s
endless amounts of money that’s just
going to rush into these ETFs the moment
they launch well let’s take a look here
here in this week week of the 29th we
can see that the numbers are not just
going down because of gbtc right gbtc
outflows are still steady right now we
have seen a huge drop from the grayscale
gbtc product as people have been able to
out outflow essentially from the ETF but
that’s just one part of the equation we
also have a broaden weakening in the
broader ETFs the new ones that are
launched this year we saw only about a
2,200 Bitcoin expansion for the Black
Rock ibet ETF we saw here in Fidelity
ETF only the expansion of around I mean
give or take here like 1,400 100 my math
might be off a little bit again you’re
talking about very minor increases here
I’m kind of doing on the spot but you
can see very clearly that even some of
the new ETFs like the arc 21 shares
Bitcoin ETF actually saw a negative
outflow they saw an outflow here on the
amount of Bitcoin held within the ETF
but going beyond all that guys we just
got to look at the the raw numbers here
the total because if we are seeing total
net inflows or outflows that’s going to
help us to give hints about where price
and directions going and we can see that
net overall Can’t Ignore gbtc I really
think this line is not valuable in my
opinion when you’re looking at this
chart the real thing here is the total
for all us ETFs and we see a net outflow
of nearly 9,000 Bitcoin week over
week that’s not good guys that’s really
bad that is showing that after months of
stalling here right since back here in
March and April where the ETF has really
not made any significant gains on a week
by- we basis we’re now seeing a clear
Trend reversal so this is not the
infinite money glitch that people had
claimed it is and as we’ve been talking
about for a long time ETF inflows will
likely increase on dip buying
opportunities institutions do not fomo
in right there are some institutional
trades to do that but broadly speaking
institutional capital is going to get in
in a capitula of events they’re getting
into discounts right so they’re not just
going to guarantee buying pressure all
the way up to six figures all the time
and this is a really big Point we’ve
tried to talk about for the past last
couple months even as we changed our
tune we rode the wave to the upside in
the later months we made some great
trades in altcoins this is an important
Nuance that so many people fail to
understand and we can see here that for
the Hong Kong ETF look you know the
numbers don’t look terrible this day one
launch is mostly retail volume coming in
I think it’s going to take time but
overall for this ETF event that everyone
was really expecting to be this huge
event it really was a pretty lukewarm or
relatively moderate launch and I think
there’s a couple reasons for that one
the manag fees in these ETFs a lot of
people don’t know are are generally on
average much higher than the United
States so it’s a lot less competitive
there’s a bit of more of a monopoly from
the funds out there that are launching
these Bitcoin ETFs so institutional
investors are a little bit more hesitant
but outside of that as well investor
sentiment in Asia right now is pretty
negative and you can take a look at the
Hang sing index you can take a look at
any kind of measurement the Shanghai
composit the broader measurements of the
stock market in China and you will find
that investor sentiment is pretty shot
right now especially the after the
collapse of ground back a couple years
ago and the broad a real estate market I
think the last thing that people are
looking to go into right now is Bitcoin
that might have been a different story a
couple years ago when China was really
thriving and at the head of global
growth I don’t know if that’s going to
be the number one Focus for people right
now uh whether you’re talking about
retail or institutions and we also have
another big event here guys which is
obviously the fomc meeting now I want to
let you guys know if you’re here right
now later on today Russ is going to be
doing a video breaking down the post
fomc kind of of realization of what’s
going on he’s going to be talking about
the price action and the charts he’s
going to be breaking out his thoughts on
what this means for inflation the
broader macros sphere what it means for
stocks on crypto so stay tuned for that
later on today it’ll be dropping towards
the market Clos later today but I
definitely want to let you guys know
about that I think this is going to be a
very big pivotal event here because the
markets have been going from expecting a
whole range of rate cuts to now
potentially being open to much higher
rates for longer or potentially seeing
even higher interest rates more hikes
coming into the picture with a
Resurgence and inflation and the
strength of inflation to maintain on the
in the case of the CPI which I think we
all know is is probably not the most
honest number the pce the CPI are all
reading ST stagnant numbers well above
3% which is well established and above
the fed target of 2% that it needs to
get down to historically in order to
maintain steady rates of inflation now
just taking a look here at some of the
different crypto plays here guys we’ve
got Stacks which is down here in the day
and while it initially was getting a
little bit of buyers this morning it’s
faded back down which I think is again
further confirmation here that a lot of
people expecting to buy all coins at the
200 day and thinking that they’re
getting the ultimate discount
opportunity I would say heat a little
bit of caution while this is a much
better range to DCA or maybe build some
position sizing and yes we’re getting
close here to being 50% down a lot of
all coins I still think we’ve probably
got a couple more days or weeks to go
and it’s not something that you have to
absolutely rush into because there’s no
guarantee that this is going to bounce
here I’ll give a great example of this
Stacks which was definitely a leading
play here from December 2022 here to
March 2023 heavily outpaced Bitcoin
heavily outpaced the broader allcoin
Market but what happened well
essentially from that time period it
went down 70% from that range and went
well below the 200 day even after a
bounce up to the 100 day it faded there
and stayed down there for multiple
months from those June lows so keep that
in mind here when there’s a lot of
people telling you just just buy the dip
buy the dip make sure that you’re buying
into serious capitulation and you’ve
also got the patience as well not to
mention the checks and balances in place
to make sure that you’re not holding
into a position that’s just going to
keep going down and down whether that’s
stop losses whether that’s setting
mental price levels or you’re going to
kind of drisk or de expose yourself
ordinals as well this is again down from
$96 we told people stay away from
ordinals after making the call here back
here in November to go long after it
started to stall the 21-day since then
it’s been nothing but trouble from 7 $5
$95 all the way down here to 32 bucks so
again we are definitely looking for
opportunities in this capitulation we
are definitely interested in buying into
the dip on some of these plays in the
market as they continue to move lower
but I think that the level in which a
lot of people are are thinking this is
going to bottom M maybe a little bit
further from where people think we have
still got a ways to go here for Bitcoin
to hit down on that 200 day and as many
of you already know the essential effect
that a Bitcoin correction is going to
have in the same way that altcoins or
other coins in this case really the
juicy altcoin market right is outpacing
Bitcoin dramatically when we go to the
upside by kind of the end of the rally
at the end of the day altcoins are going
to get smashed and head even harder
during a Bitcoin correction so keep that
in mind that I think others dominance is
going to continue to dwindle I don’t
think you’re going to find support here
at the 200 day I think your value of
opportunity is somewhere well beyond the
200 day down here close to the 200 week
and that means we’ve got probably
another 4050 billion do in market cap
correction to go when it comes to the
altcoin market there’s a lot of froth in
the mcoin space there’s a lot of
overvalued airdrop projects that are
just going to continue to churn here in
the next couple of days and that will
give us a much better risk reward entry
for either a rebound trade or for some
really good long-term swing setups so
just keep that in mind here I’m not
trying to be a Perma bear and scream to
the clouds and sky and say that the
world is falling it’s just overall to be
cautious here and to see that we are
very quickly back here at the lows where
we were back here on April 13th and I
don’t see that same kind of buy the dip
reaction so far maybe that starts to
change and if it does the way I would
see it is I’m not going to be chasing
this off of Bounce of the 200 day I’m
going to see if we can get above the 21
Day or the 100 day which is really not
that far away I don’t mind paying a
little bit of Premium cuz at the end of
the day I would still be getting it a
great discount from where it was at back
here in March so I really am in a great
great position right now I feel being in
cash I feel like I can let the market
come to me and I can see how it starts
to react with those moving averages
that’s how in my opinion a smart Trader
would be approaching this how a lot of
the institutions or larger whales are
going to be approaching this setup here
we also have as well render I want to
take some time to Showcase render as
well similar situation here not getting
the same kind of buy the dip pressure
even though we’ve been kind of fading in
slowly here versus the more dramatic
selloff so I think that you’re
definitely coming down to the 200 day on
this but I think potentially even going
lower now if you guys want to know what
trade setups we’re getting in where
we’re going to be exposed when we’re
going to be buying that dip not only do
I hope to share some of that information
here on this channel to give you guys
some good hints about when I’m really
going in I don’t want to kind of
gatekeep all information I do a lot of
free content here in this channel Russ
also shares a lot of his setups and
information as well but if you guys want
to get access to those trade alerts you
can sign up for the dash report this is
our newsletter here on the channel but
it’s also along with that as well trade
group we’ve got a lot of people in our
discussion group that are sharing
opportunities sharing their positions
we’ve got Russ’s trade alerts you’ve got
my trade alerts as well you’ve got the
the um newsletter which is going to be
dropping later on today which going to
be a fresh Report with some trade setups
that we’re watching to buy on a dip but
beyond all this guys it’s a really great
offering you can get 20% off on an
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I want to go ahead and talk a little bit
here about what’s going on in equity
markets because I understand a lot of
people are hyper focused on what’s going
on in crypto it’s definitely making much
more dramatic moves as it tends to be
both to the upside when all assets are
moving higher crypto usually leads and
also crypto bleeds essentially when we
start to move to the downside all right
what we’re see see right now in
volatility I think is quite interesting
you know a lot of people scoffed off the
recent spike in volatility or the vix
over the past couple weeks as it faded
here in the week of the 22nd of April
however one thing I’ve been keeping a
sharp eye on is whether or not we go
back below the 200 day and so far we
have seen a really solid bounce of the
200 day so far so the key point I want
to emphasize here is that I think this
is not just a story of crypto fading I
think overall asset prices are
correcting off of fed concerns around AR
policy Contracting the money supply
they’re concerned about generally weak
inflows into the new risk on assets
people are not paying the same kind of
premium for risk on assets as they were
before and I think overall we’re just
seeing genuine signs of a healthy
pullback it doesn’t have to be a
recessionary a bare Market it could very
well be in the event of the yield curve
on inverting but overall right now what
I’m calling for here in the case of
equities is for correction down here in
the 200 day maybe slightly below it
somewhere here for example in this
pocket between 14,000 points to 14,500
in the case of the NASDAQ and that
overall just like from a percentage
basis is a healthy 11 to 14% correction
range that is not doomsday by any means
that is not me being a Perma bear as I
know so many people probably for the
last couple months have wanted to call
me I’m just here to give you guys the
facts so this happens in markets time
and time again and we are seeing the
same structural issues with price action
here in regards to to equities uh that
we saw in crypto markets we had a dip
near the 100 day a bounce up a failure
at the 21-day for multiple days with a
clear red rejection candle 2% the nastic
yesterday and these are the kind of
signs here that signal that volatility
is coming back in the market there’s
uncertainty there’s not Clarity in the
trend we are back where we were back in
January so we’ve cut back multiple
months of gains and let alone gains that
were not that impressive right the
majority of the gains really came here
throughout the course of 2023 three and
uh essentially as we moved into 2024
we’ve had this rounding structure here
where a lot of those games have been
faded in just a matter of a couple of
weeks and just let’s take a look here at
the the leading stocks here and this is
a really important Dynamic to understand
guys how a lot of this can come crashing
down very quick the point I want to
bring to your attention is the
Magnificent 7 now you’ve possibly heard
me talk about this you probably heard
media Outlets talk about it it’s
essentially focusing on the fact that
there have been about seven stocks and
generally speaking you could really
expand this if you you want to maybe
eight or nine stocks but there is a
concentration in equity markets well
over 30% I think it was peaking 33% as a
recent uh don’t hold me to those numbers
it’s some close in that range we nearly
a third of the market is made up like
the entire Equity Market of tens of
trillions of dollars in the United
States is made up of seven key stocks
we’re talking about Apple Microsoft
Nvidia meta Amazon Google Netflix uh
Tesla you’re talking about really a key
cohort of companies that have really
swallowed up a lot of the equity value
in markets and I just want to take some
time to take a look at those charts here
guys I’ve shown you the long-term Nvidia
chart I’ve showcased how essentially
we’ve gone from a 1200% expansion from
2015 to
2017 we had a th% expansion from low to
top uh from December 2018 here to
November 2021 and we’ve also had a rally
from October 2022 here towards March
2024 all right and now we are seeing
very clear signs here in the 21-day
struggle to hold above the 21-day which
used to be the Baseline of support here
for uptrends on Nvidia we are now
looking like we’re ready to fade and if
we take a look back at history while
Nvidia has now become a 2 I think 2.1
trillion compan current valuations it
was sitting at around 2.3 the other day
becoming almost one of the largest
companies in the world we’ve seen very
clearly that Nvidia can go through harsh
pullbacks when it starts to pull back
and there will be a lot of people
holding the empty bag 56% 68% of the
downside what happens when Nvidia one of
the market leaders in The Narrative of
AI starts to correct 30 40% at current
valuations that is going to hit the
NASDAQ big time and probably fill in
some of these gaps maybe even going
lower than what I’m calling for coming
well below the 200 day testing down the
200 week coming to fill some of these
gaps like the one at
13,796 a lot of people aren’t prepared
for that AMD another chip maker here
not as strong as Nvidia right but we’re
seeing very clearly AMD shot down at the
100 day shot down at the 21 Day the
21-day moving below the 100 day not a
good sign showcasing very clear Trend
weakness overall we can see Tesla had
huge gab UPS off of the news that China
is going to be approving its full
self-driving uh FSD technology and while
that that’s very exciting I think this
awesome you know exciting news to see
how that’s going to be piloted in China
from it from a fundamentals perspective
at the same time Market’s clearly
showing that it gapped up too
aggressively yesterday we had a 5.5%
move to the downside we got a big gap to
172 to get filled another one here
potentially to 147 the broader event of
a a larger correction so just keep that
in mind here guys that like you clear
rejection at the 200 week and the 100
day pocket not looking good meta
Facebook which has just been on an
absolute tear from its compititive lows
finally got a gap down on earnings of
10% and what do you know here we reject
at the 100 day moving average we’re not
even coming up for The Gap fill and just
the the candle patterns here look very
clearly like they’re pointing towards
closing down the Gap 400 coming down to
the 200 day at a minimum potentially
even worse I don’t want to be to
Doomsday here and too Doom and Gloom but
it at least shows we’re due for that
healthy moderate 13 14% correction in
equities across the board Amazon has a
gap down here 159 bounced off the 100
day rejected at the 21 day looks like
it’s steadfast towards this range again
if it’s does not hold we’re coming down
fill the Gap and probably come down to
the uh 200 day moving average same range
we’re at back in December uh we can see
here with Google great Gap up on
earnings nearly 10% but has just faded
down ever since with the broader Market
sentiment likely coming down and if it
doesn’t hold that 21 day it’s coming to
the 100 day and likely coming down fill
that Gap at 144 now as I’m going through
these charts guys as I talk about
Netflix here it looks like it’s breaking
the 100 day coming down here to the 200
day pocket filling in the gap 500 uh we
can take a look at Microsoft and Apple
which we’ll take a look at moment but I
I want to bring up a very important
Point here I’m not just going through
these charts just say oh look at this
look at this look at this what I’m
saying here is that these companies the
concentration of The Magnificent 7 and
the broader large cap
stocks it has not been this bad since
the com era the concentration in Cisco
and a few key Market leaders this
happens time and time again throughout
history during optimistic waves there is
an overc concentration in the leading
players that have grown in some ways too
good for their own good and they
unfortunately are not going to be able
to grow at the same scale they used to
so people stop paying as large of PE
multiples for these stocks and therefore
not only does value potentially rotate
into New Market leaders down the line
which is what we’re looking for here in
this capitulation we want to find new
players that really have the ability to
10 20 30 50x over the next couple years
and massively outpace equities but
beyond that as well we are seeing a lot
of valuation contraction even when just
a few of these stocks start to pull back
it not only hits the trend on the other
smaller midcap stocks and other large
caps but beyond that there’s a lot of
valuation contraction when Microsoft
dips 3% you’re talking about tens of
billions of dollars getting wiped out uh
potentially here in this case actually
probably coming up close to1 billion so
my point here is that there’s a lot of
valuation contraction going on in
equities we see very clearly Trend
weakness here obviously PA minimum
coming down at the 200 day maybe even
come here to its prior engine support at
314 some of these companies Apple
Microsoft really I think are going to to
bring a lot of pain to the markets and
even if they just correct 15 20% that is
going to mean huge ramifications for the
NASDAQ as a whole for those who are
passive investing because there’s so
much concentration valuation in these
plays so this is a very important
Dynamic to understand I think it’s a big
reason why markets are pulling back like
they have the order books have been
relatively thin I don’t don’t think a
lot of the rally we saw off of the
anticipation of the ETF was really
Justified it was really I think at the
end of the day feasible to sustain a
longer term rally I think we’re at a
minimum going to have to see a broader
correction down to these moving averages
before we really start to see an
expansion higher but at the same time
I’m here to tell you guys that while I’m
I might sound all like Doomsday here I
think at the same time this is a period
of time to have cash ready on the
sidelines have your strategy in place
know which plays to buy in a dip and
look for plays that are holding up
relatively strong not just purely going
after dip buying opportunities but ones
in which have showcased previous
strength have the growth multiple
opportunities so plays that aren’t too
overvalued in multiple billions of
dollars right and also finding some of
those valuable small midcap plays that
can do really well in the event that
Bitcoin comes back up and goes to six
figures right we want to be open to that
scenario right learning from 2023 I’m
keeping open mind to both scenario in a
scenario where we could be that what we
saw here in March was the end of the
rally and Bitcoin isn’t coming back for
some time and it’s going to go through a
bare market and I also see the scenario
where Bitcoin could find support at the
200 day or somewhere nearby and start to
get a rebound back up towards the
previous highs going to six figures set
new all-time highs and an allcoin C
potentially playing out so we want to be
prepared in those plays one of the plays
that I definitely recommend you guys
keep on our radar is one of our partners
Angel block if you guys are not keeping
up with Ang block I definitely recommend
you do so there’s two real key reasons I
want to bring up angel block here I’ve
not only been an ambassador in the
project over the last couple years but
there’s two key value propositions that
I think ad block has from both a
protocol perspective in regards to the
functionality it offers as well as a
potential opportunity for the protocol
to grow in value the first thing is that
overall in the case of Angel block
they’re servicing as one of the Next
Generation launchpads or fundraising
platforms for emerging projects in the
crypto space so from a utility pers
perspective you have an ability to get
in on a whole range of different
projects and different narratives early
on similar to how VCS and Angel
Investors usually get into private token
sales and early stage projects before
they hit the big exchanges of much
higher multiples valuations so I think
that that’s very important to open up
that opportunity be able to get access
towards a whole range of narratives inro
block is kind of a essentially it’s
agnostic to any narrative so essentially
they’re servicing a whole range of
emerging L1 and L2 ecosystems they’re
servicing a whole range of different
specified narratives in the crypto space
so I think that it’s imperative to keep
an eye on these early stage platforms
that have a pretty wide range of
offerings in regards to the projects
they have but outside of that as well
from an investment perspective while I’m
not here to tell you guys to go and buy
the token the key thing overall that I
like about angel block is that from a
price action perspective it’s found its
base here from October 2023 against
ethereum and I think that that pretty
much speaks volume about the broader
term Trend here about how Angel block is
is probably not likely to go under the
those lows so long as we continue in a
broader move in the market and the
reason why is because the th token at
the end of the day offers you greater
access earlier stage access and larger
ticket sizes to be able to invest in
those early stage projects so the more
more quality projects come on to Angel
block the more becomes a larger
fundraising platform the crypto space
the more demand there will be for th in
order to get access to those projects
it’s baked into the fundamentals and I
really like that here and the fact that
we’re not too far away from the 21 day
we’ve been holding up sideways here
against ethereum I like that and in
dollar terms it’s been relatively
similar as well we’ve been able to build
a nice base since that period of time
back in October so again I just want you
guys to definitely keep it under radar
above all I really like the project I
like Alex on the team I think they’ve
did a great job this is desperately
needed in the crypto space considering
that there was yet again another year in
2023 where we had billions of dollars
stolen from hacks I have no doubt that
here in 2024 that has ramped up big time
as we’ve had more rug PS more meme coins
and more outright scams and projects
they’re giving empty promises big hopes
and dreams and not actually delivering
on their Vision in the case of Angel
block they’ve got fundamental principles
built in that prevent that from
happening so overall guys we covered it
out here today we talked about our
target range for Bitcoin we talked about
some of the altcoins that we’re watching
across the board of the market some of
the levels we think they could start to
go to uh I think overall again as we
scan through the altcoin market here a
lot of these plays are going to go well
beyond their 200 day moving averages as
we’ve already seen in some players like
ordinals and this is going to shock a
lot of people a lot of people are not
going to be prepared for it they’re
going to be Overexposed some many are
probably Overexposed now and if you are
in that position guys I’m not here to
bage you I think at this point uh it
probably doesn’t make sense selling
everything uh but again heed the warning
signs of price action I would just say
take it as a learning lesson make sure
to focus on how price reacts with that
21 day and if it starts to WAN and the
trend starts to weaken like it did
throughout this period of time in many
cryptocurrencies don’t be so hesitant to
go back into Cash because as you can see
here like Take Salon as an example this
is like kind of a good closing remark
here very clear in consistency of the
21-day back here in January we start to
break could be a cue for you to
essentially get out of your positions
wait for broad correction to the lower
moving averages but in this case it
didn’t go all the way down and it came
right back up well look at that it’s
right exactly where you could have
started to sell your position here on
multiple breaks of the 21 Day so the key
Point here I want to say is that there’s
usually no pain in taking your positions
out um at the end of the day if you are
regularly short-term trading or over on
the markets you’re not going to deal
with any like worse tax incentives or
anything like that it’s only if you’re
really like a long-term hotle investor
yeah that’s maybe where you don’t want
to trade so frequently but if you’re on
a position that’s up massively and
you’ve held it for a year or more in the
United States you already benefit from
long-term capital gains I know a lot of
you are from different regions tax LS
may vary but the key Point here is don’t
be afraid to take profits don’t let
taxes scare you from that and don’t fall
for the victim uh don’t be victim to the
mindset of hdle hdle hdle endlessly till
the end of time you will inevitably get
burnt in crypto not all plays go up and
to the right forever Bitcoin I think is
one of the few exceptions but just keep
that in mind guys one last thing I
wanted to share here as an important
thing I don’t know if you guys have
heard about this uh some of you may or
may not know him uh but there is an
individual uh called Cody on Twitter
he’s been a a kind of distant good
friend of mine throughout the crypto
space I’ve chav with him many times has
met him in person over the years long
story short he had a really bad um
medical uh issue when he was in Costa
Rica he’s still in Costa Rica now uh
Cody is just genuinely one of the nicer
people that I’ve met there’s a GoFundMe
for him right now at the moment uh his
mom his girlfriend his family are aiming
to raise money to get him back to the
United States it’s relatively time
urgent he’s been slowly coming out of a
coma I honestly don’t know every bit of
detail around the situation I don’t want
to preach it but I just know that Cody
is a really genuine guy and I see a lot
of potential here in getting Cody back
uh and he’s very close to reaching the
fundraising goal uh so if you guys are
interested in supporting him I made a
donation as well donated a couple
hundred bucks uh I think he’s a really
great guy I definitely recommend you
guys consider donating as well um if you
don’t have the capital if you don’t know
him I respect that there’s no pressure I
don’t mean to guil trip anyone but I
think overall Cody’s a really cool guy
and it’s getting really close to getting
that fundraising goal so definitely
consider supporting him I I I featured
on my Twitter page it’s one of my most
recent posts so you guys can go check
them out on go fundme but overall in
closing remarks guys it’s time to remain
patient remain Vigilant and as we get
more and more capitulation here we’re
going to feel more and more comfortable
building positions and I’m going to let
you guys know here in this channel when
we start to build some of those
positions so if you’re interested in
getting the specifics you can always
check out the dashboard as well Down
Below in the description but that’s it
for today’s video everyone thank you all
so much for watching if you enjoyed this
video again consider dropping a like
it’s one of the greatest ways you can
support the channel stay vigilant trade
smart and I’ll see you guys in the next
video
on Monday take care everyone

#bitcoin #crypto #cryptocurrencies
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00:00 – Intro
00:49 – Bitcoin Is Crashing…And Here’s Why
03:00 – You’re Being Lied To About The Bitcoin ETFs
06:19 – The Hong Kong ETF Launch Failed & Here’s Why
07:22 – The FOMC Is Coming Today | It’s Time To Get Prepared
08:24 – Altcoin Market Analysis (STX, ORDI, SOL, RNDR)
10:21 – Be Prepared For The Pain & Volatility
12:34 – Want To Follow My Trades? Check Out The Dash Report
13:40 – Stock Market Sending Major Warning Signs
16:08 – The ‘Magnificent 7’ Will Implode Equities To The Downside
17:03 – Stock Market Analysis (NVDA, AMD, TSLA, META, AAPL, etc.)
22:49 – My Gameplan For Bitcoin & Altcoins Going Into May
23:53 – Angelblock (THOL) Is One Of My Favorite Projects To Watch
26:38 – Closing Remarks
28:47 – Help Codey Get Back Home

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