BITCOIN is ABOUT to SHOCK THE WORLD!!!!!! BTC BULLS Just Got SET LOOSE!!! [legendary]

What’s going on guys, it’s kdub here with another episode of crypto zombie, welcome back to the channel hope you’re having a great day today hope you’re, not getting totally bored with bitcoin. We actually have some altcoins doing quite well today, some of them even hitting brand new all-time highs. Bitcoin continues to consolidate sideways. We have had a nice bounce back, but having a look right here, you will notice that we are pushing yet again on the resistance of this month-long consolidation. We are looking for a massive move, a huge breakout for bitcoin and i’m gon na show you why we have proof that the top is not in, and we also have one indicator that hasn’t been bullish in five months and it just flipped green.

...

So i want to talk about all that today. I also want to discuss why we’re still seeing these big institutions actually ditching gold moving into bitcoin what these big players are looking to do. Are they looking to hold? How long are they looking to hold for, and finally, we also want to talk about the fact that hsbc bank is not only banning bitcoin, but also banning the investments on the behalf of their customers into stocks that support bitcoin like microstrategy. So this is just ridiculous.

You know what is going on so we’re going to talk about all that today, definitely going to get into those short term targets guys. We are looking for a huge, huge breakout right now. So if you’ve been asleep for the past month, this could be the party that you have been waiting for. So if that sounds good to you, you know what to do if you’re not subscribed, definitely consider it and without further ado, let’s dive into the charts. So one thing i want to point out right now is the bollinger bands are getting very small on bitcoin and you can see from the past.

Whenever we have these compressions, where the bands get really tight, we have a big move. You can see, then they start to get wide right. They expand. Then you can see right here. We had another very tight band and boom breakout, and then i guess you could say right here.

We kind of consolidated a little bit boom breakout, but you can see right here that this band is similar to this band right here and when we did have that breakout – and this was back uh right around december. You could see that from the breakout right here to the high was about 114, so is bitcoin. Looking for that big breakout as well. Well, the one thing i want to point out is that we’ve actually started to put in some very very nice volume accumulation right here on the vp vr, which is actually making the 57 600 level a very strong level for bitcoin. So once we finally do break above this level get to all-time highs and potentially even have that pullback that retracement, this is going to be a very strong level.

...

The same way that the 46 thousand 47 thousand dollar whale accumulation level was a very strong level as well. Now, obviously, we have spoke about potentially falling back into the red zone, the blue box territory, but as bitcoin continues to move and consolidate the likelihood of going down to those lower levels gets more slim and more slim over time, and you can see right here. We actually have a very bullish wick from the bottom on this monthly so far for bitcoin, and we don’t have a lot of room to go. In fact you once you put in you know another um. I’M sorry excuse me guys.

This is the weekly chart, the weekly chart. I’M sorry, i i got a little confused. It’S been a it’s been a very long week over here, but you could see right here that there’s not a lot more room left, so i mean at most at most and i’m talking like this is the longest we’re gon na go is one more week, but Having a look right now, we are definitely definitely looking like we’re wanting to break out, and we know that bitcoin usually has that breakout sooner than later, and if you guys had a look at the previous targets that we had. If we just you know, looked at the trajectory right here, our first target is around 66 000, with a little bit of resistance at around 69, with a potential target of 83 000 after this breakout. So be very careful if you’ve been sleeping on bitcoin, because we have been honestly blessed with an opportunity for accumulation at these levels a lot of people complaining.

But to me this has just been a blessing to have so much opportunity to accumulate bitcoin at these levels. Now, having a look right here, why do i not believe that the top is in well, like nunya business pointed out time spent within 10 of the top? He actually charted all these different tops, and you can see here two days one day, eight days, four days, seven days, we have currently been in this range for 33 days. So, like he says, markets, don’t give you a month-long opportunity to sell the top bull markets. Bull markets end with a pop, not with a whimper right, they end with these blow off, tops these giant wicks.

This is not the signal of the end of a bull market, but let’s talk about something that hasn’t happened in five months. Finally, like lex points out long term holder, net positions, change has finally flashed green selling pressure is extremely decreasing right and you can see right here. There’S been a lot of selling pressure right, people have been taking profits and these are long-term holders as well, and we have finally, my friends just flashed back into green territory, not to mention the fact that, even though yes, the dxy was having a little bit of A pump for the most part guys look at this chart lower highs, lower lows, not looking too great for the dollar. In fact, over on cnbc squawk box, now some people were actually kind of making fun of this interview. Look, i’m not going to make fun of the mainstream media.

You know these people, they want to learn about bitcoin, okay, they’re interested. It’S like you can’t win with some of these bitcoin maximalists right. It’S like first, it’s like. We need adoption. People start talking about it and they’re like oh, that’s it it’s the top.

It’S going mainstream, it’s like guys come on like we. We need to have this get out to the public right for people to see this, so they talk about stock to flow. They talk about bitcoin being priced at 100k to 288k and they mention how bitcoin is eating gold, and this is actually perrianne boring and she was talking to joe over at squawk box, so check this out. I thought it was a really cool way to try to value uh bitcoin it it. A lot of it is is pretty arcane, but i i think the ceo of of uh coinbase pointed out the four other times when bitcoin has gone on a run like this and kind of implying that this time it may have gotten above a certain level where We may not see the the highs and lows of previous years where we saw 20 000 and then we saw 4 000 So what do you think the low on bitcoin uh will be, and then i don’t just mean this year, but in general, how will it ever pull back below 35 000 below 30 000?

What, when you say, it’s undervalued? What do you think it is valued? You you a maximalist that i think it’s. It should be a million dollars a coin. I mean what, where are you on the high and the line?

Metcalfe’S law says that bitcoin should be priced at 72 000 today, metcalfe’s law that was formulated by one of our advisory board. Members, george gilder, and it’s it’s a it’s a formula that many technology investors use today to value a network and you just use user squared turn the times the transaction value. That brings you to 72 000 today. Another model that we look at is stock to flow. Joe, i know you’re very familiar with this drflo says bitcoin should be priced at a hundred thousand to 288 000.

This year we have 12 years of data on stock to flow in bitcoin and if you measure it using u.s dollars, stock to flow is 94 correlated, and if you use gold stock to flow is 99 correlated and stock to flow also says: bitcoin will be 10. 000, an ounce uh one bitcoin – will be 10 000 ounces of gold in 2029. That’S what people mean when they say bitcoin is eating gold you’re, seeing these investors realize the value of bitcoin you’re, seeing companies start to put it on the balance sheet start to accept. Bitcoin as payment and here’s another big news, we have from legendary developer rick caruso, so he has a real estate company and he’s now allowing his tenants and retail properties to uh he’s allowing them to pay their rent in bitcoin.

Now, keep in mind that this company is one of the most profitable real estate development firms in the world. They also revealed that they have invested in bitcoin as part of their treasury management strategy. So, following in the footsteps of microstrategy and tesla they’ve, also partnered with gemini to integrate cryptocurrencies, nfts and blockchain into their business infrastructure. So we have rick caruso himself, saying i believe bitcoin and cryptocurrency will play an important role in our collective future and working with gemini. Now will bring unparalleled experiences and pioneering technologies that add real value to our guest experience.

...

Now, unfortunately, it’s not all sunshine and rainbows in the crypto community we do have hsbc one of the world’s largest banks, not only banning bitcoin, but also in a note that leaked it was an email that they actually put out. They are now not allowing their clients to invest in microstrategy, since microstrategy is investing in bitcoin. So my advice to anybody using hsbc is just go: use a different bank go use a local bank or something like that right. So their new policies on virtual currency say that their clients won’t be allowed to trade stocks that mimic the price movements of those assets etc. But there is something quite interesting, so in recent times uh they actually say that hsbc, it’s ironic, because they had a tie in 2019 with an 880 million dollar money laundering case.

So you can see right here, alex gladstein, says the fincen file probe revealed that hsbc aided a massive ponzi scheme while on probation for laundering, almost one billion dollars for the cineloa cartel and other mexican drug gangs, but allowing their customers to own a bitcoin related equity. Much too risky right much too risky, so i would say in my opinion that they will most likely change their stance on this. The same way that jamie dimon jp, morgan, goldman sachs right. First, they fight you. Then they join you.

I don’t know how the saying goes, but at the end you know pretty much. It is inevitable. Bitcoin will eventually eat the world, eat all the gold and not to mention you know i, like you know. People were calling the whole paris halted thing. Oh, you know.

Nfts, i mean guys look, nfts are a technology that is most likely here to stay. Do i believe that we are in a bit of an nft bubble? Possibly yes, i think that there’s a lot of over valued nfts, overpriced nfts, but, for example, i mean you’re. Even seeing now professional resting wrestling company wwe releasing its first ever non-fungible tokens showcasing iconic moments of legendary mark, william callaway, better known as his ring name the undertaker. So these nfts will be offered in four tiers, platinum, gold, silver and bronze and uh yeah.

It looks like the latter two have fixed prices, so there you go guys. Nfts are here to stay. In fact, like a lot of people have been asking like about these. You know sales that are going on and a lot of them are limited, but there are a lot of potential altcoin gems out there that are available right now. Now, obviously um you know, nfts are huge and one of them that i think has gotten virtually almost no publicity is stator.

So, what’s interesting about these guys is they’re, taking a very unique approach to nfts what they’re doing is they’re actually looking to have a p2p lending and borrowing platform that allows users to leverage their nft assets and have accessibility to liquidity, while still retaining ownership of their Digital assets, this is a very interesting concept right, usually it’s just lend your tokens, lend your usdc lend your bitcoin, but you can actually lend your nfts right. This is a very interesting concept. They said they’re saying that they provide value to previously latent capital, unlocking wealth within digital assets and providing a new source of money creation. Now the reason that i am bringing this up is because they are going to be launching their liquidity mining program literally tomorrow, they’ve allocated a million dollars in total str tokens to their first liquidity mining pool, which will be only for 60 days, but the interface will Have an additional layer of gamification with stakers receiving up to 3x multiplier for 30 days. Lps can also be unstaked at every time and considering, in my opinion, this has been kind of a sleeping giant.

I haven’t really heard anybody talk about it. It could be something interesting to have a look at also don’t forget. On the 16th of this month they are gon na, have their lydian update, which is going to go, live, which is going to move the product from the rinkeby to the uh ethereum main net. Essentially, they’re going to make it available for fees to be discounted for holders they’re, also looking to push available wrapped depth functionality, where lenders will be able to wrap their active loan packages into an nft and freely trade them on the secondary market, or even borrow against Them and they’re also looking to provide fee discounts on nfts, so i’m always looking for that new thing in the space. This is pretty interesting.

...

I haven’t quite seen something like this, yet so not saying rush out and buy it. Do your own research but definitely have a look at stator. They are quite interesting and also just shout out to daffy as well. They’ve had another really amazing week, they’ve partnered, with a lot of guys that are pretty big. You know, we’ve talked about dia, kailand odds and then look at this guys.

Dow maker, okay, who’s been absolutely killing it moon rock and morning star, which have absolutely been killing it, and they also had a rare stone capital, um research paper. So yeah i mean big things coming out, so definitely be safe out there guys you know. Obviously i am looking at this to have a massive breakout. I told you my targets, um, that we don’t have a lot more room in here to consolidate for so yeah. I mean: could we still technically dip down to the 50k level, possibly to retest it to shake out, but it does look like this is some heavy hefty accumulation, and i do think that we are minimally minimally having a move to 64 000 So if you were to get in on that right now, you know you’re.

Looking at about a 15 move, so yeah i mean, if you’re doing that, with something like 10x leverage over on by bit, then uh yeah, that’s 150 and obviously for everybody out there. If you’re not familiar with how to do that, you can make money when bitcoin goes up or down by longing or shorting it right. So if you want to learn how to do that, check out my tutorial for buy bit popping up above also links below in the description, you do get discounts um and 200 extra bonus on top of the 600. If you’re interested, and also if you have not seen the other tutorials that i have for femex, you can check them out popping up right here right now. So that’s it for me.

Stay crypto until next time, peace out.

Some Other InfoBits

Fibonacci Series and Forex Trading

There are numerous applications of the Fibonacci collection particularly in trading including Forex. Investors of numerous markets take advantage of the great mean which is 1.618. This can be computed with 2 succeeding numbers in the sequence being included and then split. Aside from trading, the Fibonacci numbers are additionally used in different points of the environment.

Online Trading Academy: What’s in It For You?

The major inquiry we ask a person that uses you something that’s too excellent to be real: “what’s in it for you?” Undoubtedly, when you think about making an application for a course through an on the internet trading academy, this need to be primary in your mind. Everyone is looking for the mommy of all codes that will open all the secrets of supply or money trading market.

Comparison Between Stock Market Technical Analysis and Fundamental Analysis

There are commonly 2 institutions of believed when it involves the bourse: you have stock exchange technological evaluation as well as the various other one is essential analysis. The two strategies could not have been much more different although interestingly sufficient, they have more commonalities if you agree to go beyond the muckraking. Technical analysis This type of approach misses on the firms finance and instead focuses entirely on the price changes.

Best Forex Signals: Easy Choice for Traders

The development of the most effective foreign exchange signals promotes a convenient way of locating the most effective options to survive reliable trading. Now that every company is leaping and also delighting themselves into the large gates of the net modern technology, the possibility of obtaining proficient trading services as well as services is becoming larger as well as broader. This easy option for traders is only reliable especially in regards to targeting a bigger market.

How Does Forex Signal Or Trade Software Improve Profits?

Imperatively, locating the perfect foreign exchange profession broker is not a simple point. If you have not found out about the fad in this profession, well, let me discuss to you the growth as well as inclination of making use of signal software to anticipate market prices and lower losses.

Best Forex Signals: Tips For Currency Trade Beginners

Just how can one earn high make money from making a fx or currency profession? That is the very concern to this kind of investment system as well as advertising and marketing trade. Well, never ever be excluded of the real and tried and tested organization strategies as we show to you some beneficial ideas and genuine trading tasks for your wealth.

Questions to Ask When Choosing Online Brokers

After researching the market and also creating your very own system, whether handbook or among those money trading systems, you feel that you are all set to get your feet damp. Naturally, you are looking just for the finest foreign exchange brokers in the market to boost your setting and broaden your account. Picking one, however, can be tough specifically since there’s a lot of.

Seven Deadly Sins in Choosing Online Trading Software

A 4x Trading software is a device that works as a repository of info and network amongst the investor and the foreign exchange market investor. The tool includes spreads, quotes, indices and additionally a user interface for putting orders. It can be downloaded into your COMPUTER or you can visit online to your account with web-based platforms that generally work on Java.

Different Types of Day Trading Orders

Whether going long or shorting in the market all placements consist of 2 orders; one to enter the profession and also one to leave. If an investor intends to go long, they will position a buy to enter the position and an equivalent sell to leave the position. Naturally shorting the market would certainly be a sell order complied with by a buy order.

Forex Online Trading? DeMarker Indicator As A Trading Tool

One of the trading devices the online platforms provide is the Demarker indication additionally called DeM. It was established by Tom Demarker as well as is utilized to establish when the money pair is oversold as well as overbought. The sign is additionally used to examine danger levels and also rate fatigue.

How to Be a Currency Trader – Trading Basics

As you can see, there are some keynotes that every newbie in Foreign exchange trading need to know before they invest their money. The ideal details can be an effective tool that will aid you achieve your money trading goals.

Choosing Your Forex Robot

There is a buzz regarding computerized trading and robots which has been taking place for some time. Robotics can be very practical in obtaining you right into productivity nonetheless there are advantages as well as downsides in picking whether to create your own or trust fund another person’s. In this short article I explore the various methods you can take benefit of robotics.

You May Also Like