ITS A TRAP! MOST BITCOIN TRADERS WILL GET REKT ON THE NEXT MOVE

ITS A TRAP! MOST BITCOIN TRADERS WILL GET REKT ON THE NEXT MOVE

Bitcoin is at a critical point right now
but most people in the market are
actually going to make the wrong
decision and they are going to get
wrecked by the market today guys we are
going to talk about the next major move
I have so much to talk about today which
is actually pointing us into the
direction of what the next Bitcoin move
is going to be so do not miss out on
this guys we’re going to go through
everything that happened yesterday that
has been affecting the Bitcoin prices
but more importantly like I said we’re
going to look forward and we’re going to
look for the next major move for what is
going to happen in the crypto market so
make sure to watch the video from the
beginning Until the End 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 so let’s get straight into it guys
and what we saw yesterday is that when I
recorded my video we were somewhere
around here at $60,000 and I said it’s
looking likely that we are actually now
that we have broken down below The
Orange Box at
$63,000 it’s likely that we’re going to
go down to the next Orange Box which was
at
57,500 and I said that this level is
most likely going to hold up the Bitcoin
price at least shortterm right after I
recorded my video we did see the Bitcoin
price go straight down and we went
straight to The Orange Box here at
57,7 at that point I was trying to
update you on Twitter so if if you’re
following me on Twitter then you got
this heads up but if you’re not then
make sure to follow me on Twitter I said
Bitcoin is taking a huge beating my
Orange Box will defend right here and
you can see that when I posted it we
were actually below The Orange Box here
so in the middle of this I was kind of
counting on bitcoin on The Daily time
frame to be supported here at The Orange
Box and um that is actually what
happened so we got supported on The
Orange Box we had a big wick here we the
bull actually ran us up and we went to
$58,000
58,216 times but eventually if you
continue to hit this especially if you
have a trend of making lower highs here
as well then eventually it’s going to
break and once we broke it boom straight
down to the next level of uh support
which was
58,500 at the next level here so really
what we want to see here is we want the
Bulls to regain strength here we want
the Bulls to regain strength we want to
break again
$59,000 and create a uptrend here so
that is really what I am watching right
now and this is a little bit on the
shorter time frames but I do think it’s
a decent chance that The Orange Box here
is going to be the uh local bottom for
Bitcoin and that we’re going to go up
from this point I would say uh I think
it’s a um 50% chance that we are going
to well we’re already finding support
here but 50% chance that this is the
bottom and that we are going to go up to
higher levels um if we break down from
this I would say it’s 40% chance that we
uh go down to the next level of support
which is is uh
$51,000 so 50% chance that we get
supported right here 40% chance if we
break down from this that we go down to
$51,000 and then 10% chance I would give
it to go down at any points lower here
so in if I had to make an educated uh
kind of looking at everything that’s
happening right now I would say the
piest probability is that we actually
find support right here even though it’s
a little bit tricky because we’re
obviously right here at the support
level right now but I would say it’s the
highest probability that yes we uh see a
decent bounce here and we continue uh
towards the upside here but still that
leaves 40% chance that we could break
down from this so as always it’s really
really hard to make up these percentages
but that is just what I feel but Orange
Box so far proving to do really really
well here also before I talk about some
crazy charts I’ve been getting a lot of
questions about what to do the markets
what is the next uh major thing you
should look out for and uh it’s really
hard to answer these things on Twitter
and on um on YouTube so what I’m going
to do guys is today I am going to
actually answer all of your questions
but I will do it over on my Instagram so
go down to the description of this video
H and follow me click on this link it’s
Satoshi stacker underline Chris on
Instagram and I will post um I will post
a story and I will answer as many
questions as I can here so if you want
to get in touch with me directly it is
only and beware of scammers as always
guys so many people have been scammed
already but with this link uh you can
ask remember I will never ask you for
money guys that is the Golden Rule but
yes I will answer as many questions as I
can and you can get in touch with me
directly uh on my Instagram so make sure
to uh to join us over there as well now
let’s talk about this before we talk
about anything else in regards to what
happened yesterday so first I want to
show you this fractal this is from
2004 to 2017 comparing it to 2021 to
where we are right now and it’s on the
weekly time frame and you can see that
we have this trend of making bull flags
and look at the RSI here consolidating
on the RSI making up bull Flags breaking
through the uh ishimi um Cloud here and
turning bullish going up another bull
flag on the weekly going up another bull
flag so this is where we are at right
now and I know this red candle is
actually below the bull flag but
remember this weekly candle has not
closed yet we still have a couple of
days left and I do think it’s a decent
chance just like I talked about here I
do think it’s a decent chance that we
could see a rally up higher here and in
that case the weekly Cloud uh weekly
candle is going to close higher here so
be aware of that but if we compare it to
2017 um from 2014 you can see again
breaking through here we have a bull
flag boom we have consolidation bull
flag pump towards the upside bull flag
and we have kind of these bull flags and
then continuation towards the upside so
it looks actually very similar also
looking at the RSI looks very similar
where we are right now compared to 2014
2017 so uh do you think that this could
repeat let me know down in the comment
section for traditional markets very
very interesting day yesterday we did
see big volatility just like we expected
um but we are above the orange line so
that is good for traditional markets so
uh let’s keep our eyes on that but I
want to talk about something else so
let’s talk about what the FED said
yesterday well to summarize the FED has
left the rates unchanged this was
expected no no surprises here but a
summary so it is unlikely that the next
Pol policy move will be a hike so the
they will most likely not increase the
interest rates in the next meeting so
that’s good Powell does not believe we
are seeing stagflation 2024 election is
not a part of the fed’s thinking
unexpected weakening of Labor Market
could spur rate Cuts okay so the FED is
not satisfied with inflation at 3%
there’s been speculation as you know
guys with the FED uh raising their
target from 2% to
3% so they’re not satisfied that is not
what they’re going to do at least for
now it is unclear how long it will take
for rate cuts to begin so what are your
thoughts on today’s meeting guys let me
know down in the comment section but
that is really the big takeaway but
maybe the biggest one is that the FED
will slow the decline of balance sheet
by cutting treasur Redemption cap to $25
billion per month from $60 billion as
you know guys the FED has a lot of
assets that they purchased to stimulate
the economy during the uh sickness
crisis um during the pandemic and now
they’re going to go down from $60
billion in sales per month to $25
billion so less pressure on the stock
market so that is a good thing in
general for the market but the main
thing also is that the FED are going to
keep the 125 approximately uh billion
dollars in uh new treasuries issued per
month uh but what they announced is a
treasury buyback program so this has not
happened since 2000s uh since I think
2002 so essentially from I think it is
from May yeah from May to July they are
actually going to start to also offer to
buy back old treasury notes so this is
really interesting so they are issuing
treasuries at the same time they will
start to buy back treasuries so this is
a way to stimulate the economy without
printing money but essentially it has
the same effect so this is definitely
something that we need to keep our eyes
on and as always guys I will keep close
eyes on this and I will let you know
when this happens and what I think it is
going to have of an effect on the market
overall moving on the US Treasury test
through July 2024 plans to hold weekly
liquidity support buyback so this is
what I talked about uh just now um and
when it comes to the spot Bitcoin ETFs
you can see that we had a big outflow
day on the 1st of May yesterday and even
the Black Rock F this is the first time
that it had outflows so granted just
keep in your mind that this is the first
time that the gray scale sorry not the
gray scale but that black rock ETF had
outflows obviously it was bound to
happen at some point and it was $36
million now that is nothing compared to
the inflows the ETF has been having over
time here so I still think that the
market is in a pretty decent spot
obviously we need to keep our eyes on
everything that’s happening but I do
think it’s a decent chance that The
Orange Box here could hold up the
Bitcoin price and that we see higher
prices from here again 50% chance and
40% chance if we break if we fail this
guys then I do think that we will find
the bottom at
$51,000 with a 40% chance so um if you
think about it that leaves a 90% chance
that the bottom is not going to be lower
than 51 which is pretty okay it’s a bit
pretty good chance from a risk to reward
standpoint that okay we could see lower
prices but I don’t think that we’re
going to go down below 51 only a 10%
chance in my opinion and hey um who am I
right I’m just speculating and um this
is just my opinion that I’m sharing with
you this is according to my own trades
but uh only a 10% chance that we break
down from 51 so take with you uh what
you will from that
just like I said guys make sure to go to
my Instagram here and ask your questions
if you want to get answers to whatever
questions you have about crypto about
life whatever and uh yeah I will see you
guys in the next one

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Timestamps:
00:00 – Most people will get rekt
00:47 – Bitcoin analysis
04:29 – AMA today
05:28 – History repeating?
06:50 – More Bitcoin news

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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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