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Today for the Bitcoin price and yes guys, I have a huge warning for everyone in Bitcoin right now, not only for Bitcoin holders, but also for the whole cryptocurrency space. What is happening right now for Bitcoin has not happened in basically six and a half, seven years. Every single time it happened for Bitcoin, what happened today, we saw an insane, insane move for Bitcoin and that was not towards the upside. This is something I can tell you. This warning is a serious one. This warning is an important one.
Let's go straight into the content and if you appreciate these videos, no matter where I am, no matter what I am doing, like literally on the spot, this is the most important message I had for you in a long time. If you appreciate that, smash up the like button. Also when I have to share something with you, which is maybe not the most bullish. So here you can see right now, the weekly candle about to close and what we are seeing here within the last few weeks and I wanna keep it very easy, especially these short videos are sometimes much more important than the long ones. What we can see here is something unique and let me finish guys, let me finish before you're saying anything.
We are having one, two, three, four, five, six, seven, eight green candles in total in a row. You might say, hey, yeah, so what, what? Like let me show you, in the last whole one and a half cycles and you can check it yourself, we never had that. We never had that within the year 2023. We never had that within the year 2022. We did not have that within the year 2021, 2020, 2019, 2018, actually the last time we had eight consecutive green candles in a row was 2017. What happened there? Well, let me show you. Exactly after hitting eight candles in a row, Bitcoin dumped down 40% and let me go back here. Let me go back here.
The time before this happened was 2016. We're talking about more than seven years ago, right here, where we had eight consecutive green candles in a row. What happened right there? Well, 40% dumped towards the downside. You could go further back, but there's, I think, one more example and every single time the same thing happened. Now the question is, what is going to happen now? Tomorrow, Monday, probably that moment you are starting to watch that video, the ninth candle would be starting. Is that one a green one again? Possible, but what you have to understand, dear ladies and gentlemen, the higher Bitcoin goes, without a retracement, the more green candles we are putting in in a row, without a retracement, the more imminent the retracement becomes.
And right now, at the current moment, exactly right now, I'm telling you, the dump is becoming more likely than a pump. And yes, I'm in my long position, $3. 2 million in profit, $360,000 on Ethereum trade, in total we are talking about $3. 6 million US dollars on both of these trades. I'm not closing it, even though I'm telling you, right now a retracement is getting more likely than a pump because I'm in a long-term trade. But what I'm telling you is, a retracement is always coming. We never go up in a straight line forever. This is a bull market, don't get me wrong, but the higher we go, the more likely the retracement gets. You need to get ready.
We always get retracements during bull markets. And I think it's at least not impossible that we are going down for another retest of 30 to 32,000 US dollars, 33,000 US dollars. These areas here are a possible scenario. If you are selling your Bitcoin right now, waiting for 32,000 for cheaper prices, you are still running the danger of standing on the sidelines. No one guarantees you this retracement levels, but I'm telling you it's a possible one. Weekends always get shaken out. Be careful, be ready, expect the unexpected. But also know that we are in a bull market and expect a pump to happen and to continue whenever it's possible. Thank you so much for watching. This was an important warning.
I hope you understand it correctly. Not telling you we are 100% going to that. Not telling you we are 100% going down to 32,000. Please understand the words of this very important warning video. We are going to see that very soon on the next one of our video. And as always guys, as always, bye, bye. .