WARNING! MOST ALTCOIN HOLDERS WILL GET REKT! DO NOT MAKE THIS MISTAKE!

WARNING! MOST ALTCOIN HOLDERS WILL GET REKT! DO NOT MAKE THIS MISTAKE!

guys Bitcoin is right now at a very key critical point today I need to talk about what I see happening next for Bitcoin also I’m going to give you some evidence about what the next major move is going to be also if you’re holding alt coins you will want this video this is the biggest warning to altcoin Holders out there so make sure to watch this 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 so what you can see is that finally we did see The Orange Box here fail us and since we saw that we went straight down to my next level of support which is the orange line at $61,000 where we are now finding support 1 2 3 four candles have been supported on the 4 hourly time frame on the orange line here so this is definitely something we need to keep our eyes on especially on the daily time frame because remember on The Daily time frame you can see very clearly here how we are finding support as well but on the daily time frame we never closed below my orange box at $57,000 right so this is something you were aware of if you were watching my channel a few uh well two weeks ago one week ago when we were at this point and what I said when we were at this point here at Orange Box because people are asking me the same thing right now people people are asking me how big chance do you think it is going to be that we hold this level now what I said previously when where we were here when we were here the first time I said I think it’s a uh 50% chance that we hold this level and do not close below it now when I said that we were already below it we were trading here uh but I thought that we were going to have a bounce and close the daily time frame above this I gave it a 50% chance that we were not going to close below this point and then on the way down I said that I also think that there’s a 90% chance that we’re not going to go below The Orange Box at ,700 right so now with us potentially since we have lost this Orange Box up here at 63 how big chance do I think it is that we are now going to hold this point because now it’s looking likely especially as you know I’ve been saying I do think in general for the next few months we are more or less going to go sideways mostly now that could mean that yes it’s likely that we are going to once again retest the $58,000 level now that we have tested this previously how big chance do I think it is that this is going to hold is it still 50% I would say it’s a little bit lower so let’s say it’s 45% chance that this is going to hold and the 85% chance that uh we are not going to go below this point here at $51,000 okay so that are those are my updated percentages if you really want me to to put like percentages on it but I do think it’s a high chance that we still hold this one if we go down once more in fact we could see something like a potential double bottom here and then once we break the neckline here which would be The Orange Box we could see some nice pumps and form that kind of pattern um but for now I think in general that it’s a good chance that we hold this one but a really good chance that we hold the $51,000 level so that is what I am watching right now for Bitcoin now also for traditional markets traditional markets have not really been doing that bad we had a pump we’re going sideways right now in fact the two last candles here have been red but overall I think it’s looking pretty decent for traditional markets so you can see a very clear downtrend here for Bitcoin of making um making lower highs right you can see it’s very very clearly so so Bitcoin is in a little bit of a bearish mood after we have had all of these Catalyst the spot Bitcoin ETF we have had having we have had all of these things so now um yeah the market is just relaxing for a little bit before I think we’re going to enter the next phase of the market where the most amount of uh pumps the crazy pumps are actually going to happen so that’s what I am watching and before I talk about this huge warning for everyone holding altcoins let us look a little bit more on inflation because infl is starting to come back this is the US employment cost and job openings meaning the cost of Labor essentially and uh the cost of Labor is going up so when the cost of hiring people is going up of course the products and services that they provide are also going to go up so inflation is once again starting to become a problem and we will have to see how the FED are going to actually handle the situation now if you look at something else you can see that World bank’s net gold purchases set a new record in quarter 1 of 2024 so also the actions by the world central banks are telling us that they are a little bit afraid of what the inflation could do here in the long term so they’re buying hard assets they’re buying gold and I am pretty sure that many of these ones are also at least considering buying Bitcoin if they are not already buying Bitcoin so no matter what happens I do think that Bitcoin has a really really good future now in terms of altcoins though I have to issue a big warning because many of these altcoins that I’ve launched during the last uh 12 months many of them are at crazy valuations they are at multi-billion Dollar valuation and if you go to like coin Gecko and you look at their fully diluted valuations so let me just show you here real quickly and let’s take some of the coins that have launched more recently uh because it’s mainly with the new coins that this is going to happen so what bigcoin has launched here recently that is at a very high valuation and uh we’ll have to deal with the consequences of that let’s take maybe Celestia maybe this is a good example so Celestia you can see is at 1.8 billion doll in current market cap however the fully diluted market cap is $10 billion meaning the tokens that are not yet in circulation they are going to enter into circulation eventually and then the evaluation is $10 billion so essentially what this means is that the tokens that are being dumped into the market that are unlocking someone will have to buy those tokens in order for the price to remain the same that is really the most simplified way to explain this and if you look at some of the unlocks that are happening here uh in the next coming months uh weeks whatever you can see for instance in the next seven days AO I’m not too familiar with this project but they have a $1 billion unlock so if we go to Avo actually and this is very important because not a lot of people are paying attention to this but this is one of the most important things to keep track of so AO is a coin that has a $135 million market cap not too bad however the fully diluted market cap is $1.2 billion almost 10x so when they get this massive unlock at current prices it is actually worth $1 billion meaning for the able price to remain the same here uh someone will have to buy those tokens at these prices otherwise people are going to start selling these ones and then yeah the price is going to dump and this is just an example this is the same for many of the old coins that have launched in the last 6 to 12 months so be careful with your bags guys and uh Bitcoin is always going to survive Bitcoin is going to just absorb money over time whether it be 1 year 5 years 10 years 20 years 50 years 100 it’s going to keep absorbing money but for altcoins many of these altcoins guys are going to go down to zero trust me I’ve been in crypto for uh yeah at this point it’s like eight years so I’ve seen the same thing happen over and over again so be careful with your altcoin bags obviously if you hold quality altcoins with good to good tokenomics with everything going for them they are going to be the biggest gainers in this bull run uh but as Bitcoin goes sideways and the market becomes boring I think that Bitcoin is going to go sideways for a bit the market becomes boring but at the same time you have these coins these projects that unlocks incredible amounts of coins which we’re not really going to see that much demand for there’s not going to be you know uh a billion dollars worth of money sitting on the sidelines with people just waiting to buy these coins so that means that in general most of the alt coins are going to slowly bleed out okay so that goes for most most altcoins but then we need to be ready when things looks like they are bottoming out when Bitcoin looks ready for the next major move towards the upside which I think is going to happen later on during the summer maybe October maybe September uh when we are going to see those crazy pumps we need to be ready at that point because during this time you will be able to get alt coins at a big discount and you will see some incredible gains among the old coins as well guys so for whatever it’s worth this is what I am watching right now and by the way guys I will make a dedicated kind of tutorial talking about exactly how to look at this how to find out this information for yourself so be on the lookout for that it’s going to take a little while I’m working on a lot of stuff right now but it is coming and it is going to be uh free for you guys as well so guys that is really what I got for you today uh my bot I created one new trading strategy yesterday uh no two days ago and it is already down 12% so I created it just before we saw this drop so a little bit of unfortunate timing right here but as always guys I’m 100% transparent with you uh but if you would be entering right now obviously you would be entering at a much better price however um if you want to use this one and uh you want to get a even better entry if you do think we’re going to go down to $57,000 then you could also wait until this point to uh to add that trading strategy as well but I do have a very um clear video explaining this at the top of the description right here so make sure to check that out but if you want to use my trading strategy first sign up to okx using this link right here and then using this link after you have signed up you can with one click copy my strategy there guys that is what I got for you thank you so much for watching this video and I will see you guys in the next one

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Timestamps:
00:00 – Intro
00:33 – Bitcoin analysis
05:34 – Big Altcoin warning

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**Disclaimer**
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