VIDEO TRANSCRIPTION
MMCrypto
BITCOIN: A TRAP!!!!!! [do this now]
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Transcription generated by Skrybot
today for the Bitcoin price. And yes guys, most people don't know that what is happening right now for Bitcoin and in the cryptocurrency space will go down in the history books. This is what's happening right now is something in the future we will look back to and say, wow, that was it. That was the moment. I want to talk about that. I want to talk about my own trade, of course. Do I have any new plans with it? 10 million US dollar trade? Where am I going to take profits? When are we going to finally reach the price targets, which I am going to mention in this video and much more. Today's video is very crucial.
It's a very short one, nevertheless, a very important one. Let's talk here quickly about the Bitcoin price, about the crazy technicals which are actually happening here. And we are having this very legitimate pennant, this symmetrical triangle, which of course, I already told you before, it's a continuation pattern. We are having a 70% likelihood to break towards the upside and we got here something like a break yesterday on Monday. As you all know, I'm always saying Monday breakouts are the best ones. This is what I always want to look forward to.
And you also know that my price target, actually I want to show it to you in a second, is way, way higher than where we are right now. However, this is not the full confirmation yet. What we need is number one, the break. We got that volume supported break. We didn't get that yet. And also going down to the four hourly candles, you can see another condition has to be fulfilled. We need to bounce from the previous resistance, which is then turning into support.
If we are doing so and breaking above the previous high of approximately 72,800 and only then, only then, once we are doing that, dear ladies and gentlemen, this is when we are looking at this beautiful price target to come into place. And I really want to make it very clear that we need to fulfill these conditions first. And I also want to quickly remind you that the Bitcoin halving is coming up. Yes, we might get this price target, which I want to talk about in about just in a second, but we need to fulfill these things. And even if we reach the price target, there is not so much more upside. We need a sideways consolidation.
This is potentially the last pump we can see, the pump in the next potential pump in the next two weeks. We can see here before summer because we need a consolidation urgently for Bitcoin. We need, I mean, we got a consolidation, but we need actually a shakeout. The breakout target is 84,500. This is, remember, in perfect congruence with the Fibonacci extension level of the 1. 272. This is what I'm looking out for. This is where I want to take profits. And if you do want to be trading as well, like I'm doing a TO1 buy bet, we have like 8 million dollars in a profit, 1 million dollars in a profit. I mean, crazy, 1.
8 million dollars already taken. I think 10. 8 million dollars realized and unrealized profits together. If you want to be trading as well, in the pinned comment down below, I will leave you a 30,000 US dollar free bonus click register deposit. And you can claim that for free right now, actually, if you're an experienced trader. We are going to see you very soon at the next one of I'm on Crypto. As always, guys, as always, bye. Bye. .
S K R Y B O T
Skrybot. 2023, Video transcriptions from YouTube
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