TRANSKRYPCJA VIDEO
MMCrypto
BITCOIN BULL MARKET ENDS 馃憠 HERE!! [insane signal]
Opis wygenerowany przez Skrybot
The speaker discusses their cryptocurrency trades, emphasizing significant profits made on Bitcoin, XRP, Ethereum, and Solana. They analyze Bitcoin's current chart patterns, highlighting the importance of daily and weekly candlestick movements to determine market trends. The weekly exponential moving average ribbon is particularly crucial for identifying potential shifts in the market from bullish to bearish conditions. The speaker suggests that a weekly close below $95,000 for Bitcoin could signal a potential transition to a bear market, but they remain cautious and attentive to further price movements before making trading decisions.
Transkrypcja wygenerowana przez Skrybot
today for the bitcoin and cryptocurrency prices dear ladies and gentlemen this is a very very short video on bitcoin nevertheless a very important one i am here right now on my digestion wall waiting for the sunset sweating like crazy because it's still kind of hot here but of course that doesn't hold me back to make this videos for you and to go into the charts and talk exactly about what's going on for bitcoin right now in the charts also to talk exactly about what is going on with my trades well let's go quickly into it ENA still open 200 000 and Tron still open 330 000. the last two videos i didn't show my trades because i made the video in the car you can see the xrp trade 1.
5 million the bitcoin trade back at almost 15 million us dollars in unrealized profits and 15 million us dollars in realized profits uh yeah quite surprising ethereum back at a million um and the solana trade 1.
5 million now the question of course is how can we understand the charts what is going to happen to bitcoin right now in the immediate short term well let's talk about that and i want to start on the daily candles but i can already tease us something what's really important here to look at if you want to determine is this the end of the bull market is it not is the weekly candles and we are going to come to that in the second part of that video let's quickly talk about the daily and here you can see the flip which we actually covered a few days ago two weeks ago or so where i told you we need to wait for the retest the retest was here unsuccessful for the bears we broke through and now the question is of course and the weekly will give us some clue about that is this the beginning of an uprun because we see not only bitcoin holding above we also see the daily flipping again the daily ema ribbon and that is usually much more often than not a good sign but we do have especially recently i mean usually it's an incredible indicator but especially in the last few years it has not always been perfect right I mean here it was absolutely perfect the moment we got the daily if you sold you prevented major losses like significant major losses and this is the case most of the time but not always sometimes we have these false flips where Bitcoin just goes back above liquidates the short leaks liquidates right and yeah then you actually have an indication which okay here again it's extremely powerful right but you have an indication which just not always works and if it doesn't always work historically it is it can be very risky to take it into consideration for your trading or investment decisions right let's go over to the weekly if we are going to the weekly this indicator is of course much less variable we see flips much less often towards the downside and towards the upset So these bearish flips we also see bitcoin going much less often below or above because it's just much more lagging it's a weekly exponential moving average ribbon right you can see we are not even close to flipping yet bitcoin is still above bitcoin was holding the support here it was holding the support holding the support so usually within the bull market we are not breaking below right And within a bear market, we are staying below.
Once we are breaking above, this is the confirmation of a bull market. I covered that in 2022, if I'm remembering correctly. Here you can also see a very nice flip towards the downside. So here we are actually talking about something which is much more indicative here. Look at this amazing example in the end of 2018.
incredible just before that big dump down from 6,500 down to 3,000 so here we are looking at an indicator which is much more important for me personally on the weekly to determine whether this bull market is over or not and we can't say anything about that until Bitcoin is not breaking 95 so if you are asking me dear ladies and gentlemen let's go back here For me the ceiling for us to say okay bitcoin is here potentially going into a bear market would be 95 000 closing below with a weekly candle but if that happens we already made a 20 dump and you never know maybe it just goes to 70 to 60 maybe just to 80.
It is not a sell indication for me but it's certainly an indication now i'll probably stop trading at this point of time right and even right now i am waiting for us to confirm on the weekly a potential bounce on the week on the day on the daily sorry a week a daily bounce on the daily ema if we are getting another bounce there because we did not really confirm that breakthrough towards the upside yet if bitcoin goes back down and bounces from there i think that would be a very bullish indication for bitcoin dear ladies and gentlemen thank you so much for watching and we are going to see you the very soon as always bye bye.
S K R Y B O T
Skrybot. 2023, Transkrypcje video z YouTube
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