PRO TRADER SEES A BITCOIN CRASH COMING!

PRO TRADER SEES A BITCOIN CRASH COMING!

how’s it going everyone it’s Sam today we have with us a protrader who is coming over to talk about the market also talk about a trading strategy and I’ll leave links to all this underneath the video to Dylan specifically to his Twitter to um a couple different places where you can get in touch with him because he does work for coin W uh he’s a protrader his full job is just to analyze the markets and trade and if you want to get some of his information we give it away for free uh coin does too you just need to sign up with coin W it’s an exchange where you can uh trade futures or trade spot as well so you can just buy Bitcoin if you want and withdraw to your cold storage wallet if you want to do that or you can trade on Leverage uh there’s no kyc there’s a link underneath the video they give you bonuses as well they’re doing trading competitions you can win free money and like I said you actually get free access to Pro Traders you can join a telegram group for free when you use the link to sign up for coin W so all that will be underneath the video of course this is not Financial advice we’re going to be going through what Dylan thinks about the market and ways to make money on the upside and the downside too so let’s be objective here and let’s get into the video how’s it going everyone it’s Sam back by popular demand we have Dylan who is a prot Trader over at coin W looks at the charts every single day all day and I need to get some of his opinions on the market Dylan thanks so much for coming on yeah no worries thanks so much for having me um yeah so I want to First go over obviously what bitcoin’s doing um I am expecting a potential dump maybe within the the next couple days so we’ll go over that just now perfect yeah let’s go into that and don’t be confused his name might be Andrew in the bottom corner it might show up on screen but it’s Dylan I think a couple people mentioned it in the last video but uh yeah let’s go into the charts uh I know some people said last time oh well Bitcoin went up to 62 after we talked and it was like 59 or something like that um and you had mentioned maybe we fall back down to 53 but I think people you know need to look a little bit broader because we still have seen higher uh lower high so let’s get into the chart what are you seeing right now yeah so basically um I’ll show you this is basically what I’m looking at now but Bitcoin is still forming the low highs like I’ve been saying you can see we we couldn’t break above the 63300 level okay so 63300 was a level I was looking at if we broke above then I’ll be like okay we can start looking for Longs um but you know we couldn’t break above there yesterday and even today we came straight back down to this um upward sloping Trad line and we are actually bouncing with it quite nicely so for me I can’t really trade Bitcoin now because we still stuck in like this this this channel right so I have to wait for price to other break below this channel um which will confirm like a potential Dum to like 57 or if price breaks Above This channel here which is above the previous resistance at like like 63300 then we can look for a potential long back up to 65k 66k but it looks like we are bouncing from this level um so we’ll see but I’m only going to wait for the 4-Hour candle um to close above or below this level for Bitcoin so that’s like my my current thoughts a little bit neutral at the moment but um a little bit more on the bear side to be honest so if we uh let’s say we move above it what does this kind of mean for Traders is that the time to go long then I assume yeah so um I’ll show I want to show USD dominance I’m just going to change it quickly yeah because that’s that’s a good question so USD dominance um is still bullish right on the um on The Daily time frame and on the 4H hour time frame so you know I’m waiting for this to break break like 4.77 because that would be the the lower and once this breaks this level on The Daily time frame then I’ll be like okay I’m going to start putting money back into crypto into altcoins um and all of that because right now it’s kind of just like U dominance is still bullish so once usdc dominance actually breaks this uptrend then I’ll be like okay I’m G to put money into SS but in terms of Bitcoin you know if if I’ll go back to this chart so if price breaks Above This level here at 64600 or 63 if it breaks and closes above here then obviously we could potentially go back up to 66k because um on the liquidation heat map this is also something that I look at we have 63600 there’s over 600 million shorts that will be liquidated there okay so um if we can take our 63 600 then we’re going to pump like really really hard to like 66k 65k so um obviously right now we have to wait for that um and that’s in correlation with a breakout over here so if we get a breakout over here we’ll take out all of these shorts and then we’ll see a massive pump but yeah maybe let’s go back to the usdt dominance for a second because I think a lot of people I know uh probably don’t look at this so just to be clear when it’s bullish that’s actually bearish for altcoins correct because it means that people are cashing uh going to cash in usdt instead of putting it into alter maybe they’re even capitulating into usdt correct exactly yes okay so yeah I mean the reason why so like these these lines I’ve got over here BAS Bally I’ve been waiting for this level to break above here because once we break above 5.07 we’re going to see a massive massive dump into crypto because that is your previous High um and we’ve retested it for the last six days okay so that’s you know we have to wait for the daily CLE to close above here and if it closes above here tomorrow well then I’m probably going to be shorting for the rest of the week um but you know if price can obviously close back below this previous low then um we’ll probably see a massive pump so yeah and it’s basically just inversely proportional to to crypto sure okay that makes sense so we kind of covered where you think the Market’s going to go short term So that obviously um changes what you want to do as a Trader what about if you’re an investor like what do you think you do in this kind of time where you’re not sure if we’re gonna break out or break down maybe to a new like local low yeah so like for me um I’m pretty much all three like a Trader investor and I don’t know what the other one is maybe all two but um so I actually just dollar cost average every week regardless of the price so because I’m I’m really bullish on crypto and I do think that Bitcoin might go back down to like 50k even 40 40K but that for me it won’t matter um because if you’re looking even if you’re looking at the old coins like a couple old coins um like over here if you look at the monthly chart um a lot of coins are down but a lot of coins are up so what I’m doing is I’m investing in the coins that are down right so like ta to is like one of my favorite coins a re asset I’m going to be investing a lot in this this coin is breaking support if it breaks I mean it’s already broken so I want to invest a lot in the coins that are down not not that are up and remember our last stream we spoke about uh H um so HB bar is doing well but like vchain um all of the coins are like down on the monthly and the weekly um I’m going to invest in like this week I’m definitely going to choose the top ones that are down and invest in those obviously they have to have some value to me so like for me it’s mainly just Ai and real world assets that’s what I’m focusing on for the next bu run but yeah so I kind of just um do every week regardless of the price sure are you buying any of the meme coins or trading any of the meme coins after the Roaring Kitty comeback yeah that was that was interesting I was yeah I was wondering um if you if you did anything about that but I saw on salana base chain ethereum they actually launched the gme and it’s been pumping like salana chain pumped like over like 6000% today so I actually didn’t I didn’t do much there um to be honest with you but I do I do do mem coin trading um I actually bought this coin called jungle Doge today so um but it’s a more of a pre-sale thing so but I do I do do a little bit of dabble B than that okay nice yeah I was curious as a Trader how you approach it when like something’s up like Pepe 100% or something in the last month or I don’t know exactly what’s up yeah 109% if you try to ride that or if you just say h i already kind of missed the pump I’m just gonna see where it kind of Puddles out you know yeah so for for me that’s I mean if I miss the pump I don’t really like I don’t really care to be honest with you um because I mean every every coin has has their runup like obviously um you can’t you can’t always regret like not getting into a coin that’s the worst thing to do in crypto um so for me it’s more focusing on the coins that are down than the coins that are up and that’s I think that’s the way that’s I’m going to be making more money so obviously paye I mean if you miss paye you miss paye so yeah like a value investor within crypto I like it okay so we kind of talked about Traders and investors I think the third category you could be is someone that likes crypto but is sitting in cash or maybe has a maybe they still have a portfolio Within crypto but they’re still sitting in some cash so uh what would you do if you had I don’t know 30% cash your portfolio was 30% usdt you were ready for that next leg down uh would you be like let’s say we break out to the upside would you just be piling that back in the market because we’re going to go up to alltime highs or would you be uh you know waiting for that next dump yeah so for me like let’s just say that was me at 30% in cash or in usdt I’ll probably just um start piling into some of the coins that are that are down like regardless um of the price right now so I do think that there’s a there’s going to be a massive lay down within the next like month or two um because the market right now us dominance looks too strong there’s a lot of factors and then CPR tomorrow the pal Jerome pal actually spoke just now so there’s a lot of factors that play but I think for that question I’d probably just still dollar cost average maybe with a lower percentage um because I still think that there is more downside so that’s something I just DCA I think regardless of the price and that would be whether you were a Bitcoin only investor or if you were also looking at alts you would still dollar cost that have a drain to bitcoin right if you only bought Bitcoin in crypto okay yeah the great thing about this is too for people that are watching if you feel like doing this right if you feel like trading yourself you can follow Dylan because we do have a Trading Group uh where he gives his charts setups he gives his thoughts on the market and his trades but then also if you’re someone that’s really busy that can’t check out the market all the time you are also a copy Trader correct Dylan yes yeah yeah so yeah like all of these setups today we posted like I posted um this theu I posted the avax I posted the madic all of this was posted to the telegram channel so yeah yeah yeah so if you sign up with the link underneath the video you can uh get access to that Trading Group we also have some other bonuses they going on it’s all underneath the video but if you sign up and deposit $100 and then do a Futures trade you get a $100 bonus as well um or 100 usdt bonus whatever it is so uh Dylan thank you so much for coming on the channel we’re gonna have to have you back on because I think we have a lot more to talk about here so yeah I love being here thank you for having me yeah definitely is there anything that I missed other places that people should follow you or can get information yeah so it’s just my Twitter I don’t don’t really I may just posting here okay I do have two accounts so like this is my more my YouTube account but um yeah I think just keep it the same account yeah okay great I’ll get all that information and put it underneath the video as well so everyone can go follow Dylan and we’ll leave links to uh coin W into the trading group and all that underneath the video as well thank you so much for watching and we’ll see you in the next one bye

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