CRYPTO DUMP!…WHEN IS THE PUMP!!..?

CRYPTO DUMP!…WHEN IS THE PUMP!!..?

why is crypto dumping will it stop dumping and start pumping when will it rebound and what’s going on let’s talk about [Music] it hey what’s up Good People how you doing welcome back to stock up with Larry Jones hit the like subscribe and notification Bell right now get it out of the way hey um let’s talk about crypto and what’s happening why is crypto falling uh and what we see shortterm and long-term we do know that cryptocurrency is a very very volatile okay um there’s a lot going on so let’s dig right into it and get right to the point we will talk about The Links at the end please pay attention if you really want to kill it with crypto then I want you to take the course stock up you so you can learn all about crypto and how to make money so we got the Bitcoin outflows let’s start with that so what I’m going to do good people is I’m going to give the negative news first I’m going to give the bearish news and then I’m going to give the bullish news because we have a both a bearish and bull bullish I’m sorry news that’s going to cause crypto to move either way short term it is bearish it’s looking very bearish and it is falling right now as we speak but I am not running through the street screaming all right so what I’m doing I’ll tell you right off the bat is my um alt coins I am holding some of my meme coins I put a tight stop loss on and it may trigger right and in profit but some of this fall has eaten greatly at my profit I’m just going to be straight up with you and specifically in my bunk play all right so it ate away at some of my profits triggering a sale but I’m getting back in as it goes lower I will re-enter with the same size position remember anything I say is not uh a suggestion for you to buy hold your sale right you do what’s best for you and I have some other mem coins of she euu that may trigger a sale on my swing trade Sheba enu I have some long-term shba enu that I have not sold since last year I bought it purchased it low and I am not I’m not moving it okay so here’s U one of the things that’s happening negatively with all crypto let’s deal with Bitcoin as you know it moves all crypto all right we got the mount uh Mount goau payout right so there’s going to be a huge dump all right a huge dump from the M mount g uh mess right and so there’s payouts the court ordered them to have of course payouts and then all of this crypto is going to hit the market right and it’s going to have a negative effect it’s just like a Shar dilution with stock so everybody’s bracing for it but there’s seven in particular that will probably take the hit the worth according to this um report right uh now this was 10 hours ago I want you guys to see shortterm pain long-term gain question mark okay so here here they are we course Bitcoin ethereum usdt tether all right U remember usdt tether okay so now we have some more let’s go down I want to show you all of them of course we got Bitcoin all right we got ethereum you can write this down I’m going to keep it moving you got usdt which was tether all right okay and then we got avac USD right and we have dot polka dot let’s see we got link and I’m in all of these you know and uh even those good people that is the negative news right shortterm negative news this Mount gawk uh dump is heavy but after it’s over I see clearer Skies okay I see greener grass after it is over here’s another thing that’s negative that’s been causing Bitcoin to sell off and that’s the outflows right so let’s look at it so we have out of the 11 us spot uh Bitcoin exchanges right so look at the Daily net inflows 13 .62 million on Tuesday all right returning to negative flows after five straight days of inflows okay so we had 13.625 on Tuesday all right these were net outflows so we have more coming out than in and that’s negative against Bitcoin which is negative against altcoins excuse me and a negative of course against the meme coin and the mean coins in situations like this takes the biggest beating but wait there’s more I got some good news and but we have to see okay so let’s look at what Bitcoin is doing now um I have this on a daily and right now at the time of recording this you could see that Bitcoin has broken beneath a 60k beneath it which is not good and the truth be told it could keep falling right uh it could keep falling and come all the way down I see to 56 some say 55 some say all the way down to 54 so we could below pass 57 and we can come all the way down to 54 now if we go down to 54 I am going to be bravely buying heavier if we break down to 57 I’m going to be buying now we don’t know right now we’re at 597 uh so I will call this uh I I’m still going to call this 60-ish but as you can see we have broken beneath the 60k mark right and uh so there’s more stops on the way down of course we yep yep there’s more stops on the way down as we see uh we can go down to 56 I’m sorry we can go down to 58 in hours right um and so we want to see where the bottom is after all of this is fear because that’s what it is right now it’s fear and also too of course we got the holiday weekend as you could see we got low volume volume is just uh uh ticking off just just ta uh tailoring off or tapering off should I say because we going to go and eat some barbecue right you know risk off the table a lot of people just like the stock market uh do some selling and you know and just let the weekend go so that could be a buying opportunity all right now I’m going to shift to more bullish news okay so I’m going to tell you this when the FED starts cutting interest rates that’s when things get better now I’m going to play you a short video literally a one minute long of Mr Tom Lee who has been right with the stock market but I want you to hear some of you heard this he said this two days ago I want you to hear what he has to say about crypto you know that my uh insecurity about crypto manifested itself again in my feet of clay because I said Tom Le is going to be absolutely right about the 5500 why is he still saying 150 for Bitcoin why do that why not just focus on stock don’t stick your neck out because it was falling below 60,000 now it’s back to almost 63,000 so that 6 trillion we just talked about that sort of plays into your Bitcoin thesis that’s right bitcoin’s probably suffering from the mount gaau you know starting distributions in July that was a huge overhang for many years but if I was invested in crypto knowing that one of the biggest overhangs is going to disappear in July I think it’s a reason to actually expect a pretty sharp Rebound in the second half so I think you know 150 is still within God it’s already July 1st so that’s that’s so you’re not taking that off the table that’s still a possibility that’s right and you know one thing to keep in mind Bitcoin makes most of its gains within with 10 days every year if you take out the 10 best days in a single year Bitcoin actually has negative returns it’s actually in an 11 day period that the stock market hits a bottom but Bitcoin does its best in a 10day frame now there’s there’s like you could make on some of these main coins you can make 12,000 per on some of them going up you know buying early I believe that Bitcoin is going to go up and I absolutely believe that we will finally finally break above now I don’t have uh I’m just going to be straight with you I I don’t have any proof but I do believe that Bitcoin will eventually eventually break above 72k right and I believe that it’s going to happen when the FED starts to reduce interest rates and here 74 is where we have our resistance okay uh and when we break above 74 70 uh 80 is next when we broke above when we break above 74 of course 78 is next all right and I will tell you at 78 me personally I’m going to be selling a lot of my meme coins you know the ones that may trigger while you are listening to this but I’m getting back in and I want you guys to remember how to use your stop losses so I’m not selling I’m not selling right now I’m not even selling my meme coins right now I’m going to let my stop losses work for me and if they don’t trigger I’m going to hold now I’m not telling you to hold I’m telling you what I’m going to do all right so we buy when there’s blood in the streets alt season hasn’t really begun yet so when Bitcoin dominance start to go down and alts start to run they are going to take off and perform better than Bitcoin did and then the uh memes which have had a run still have more to do they’re still going to slingshot especially when Bitcoin hits above 80k so I’m not waiting to 120k 150k Larry will be dollar cost averaging out now I took this video on my phone it’s a little you know it’s not the best quality but I want you to listen to this also Ste also has a piece out um about Bitcoin and the signals that it sees suggesting an imminent S&P 500 correction warning what are those signals that you see and why does it have uh barometer on what the S&P does yeah that was me um the uh Bitcoin piece is interesting because when you look at it it’s not having it’s not any sort of thing like that if you look at every major up move in Bitcoin for the last Dozen Years or since 2011 it occurred right when the FED pivoted to doish so banki announcing qe3 in September of uh 2012 uh Cher Yellen pivoting in the first quarter of 16 uh all the PO pivots that we’ve seen in his tenure and there have been several um every time they pivot Bitcoin takes off it’s a cheap money easy liquidity play a hypercharged play on that and every time Bitcoin Peaks after those major moves up uh mathematically uh it uh it leads to a weaker or flat S&P and the S&P right now is the very top of the trading range we expect related to bitcoin I think it pulls back easily 5% uh into the July August time frame but so we’re looking for a little bit more on the S&P pullback so there you have it when the FED pivots which he should um we’re expecting one rate cut starting at 25 basis points by September or by the end of the year if that happens then Bitcoin will uh just the announcement of that happening uh crypto all of crypto will start to rebound I believe after the mount goau is done done the payouts are are are all done the worst of this year will be behind us if something doesn’t come out of the blue then we’re looking for more positive data like the FED cutting interest rate remember you don’t have to sell anything use your tools okay I have uh posted it here on this channel how to set stop losses how to set buy orders okay and I wouldn’t even use a broker that I couldn’t do that in now that we have that available all right and so that way you could swing and protect your gains and you can minimize your losses so we’re just going to navigate these testy Waters right now and uh this too shall pass when we get past the mount gox and soon as the FED start even talking about on this date we’re going to cut interest rates watch what happens to all of crypto led by Bitcoin right all right good people hey I’m going to leave it right there listen tomorrow the market is Clos of course crypto trades 247 be careful out there we’ll see you later [Music] [Music] hey [Music] [Music] [Music] hey [Music] [Music]

CRYPTO DUMP…WHEN IS THE PUMP!..?
Why all crypto is falling!!

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