VIDEO TRANSCRIPTION
MMCrypto
BITCOIN: things just took a DRASTIC turn…
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Transcription generated by Skrybot
Today for the Bitcoin price and yes, what the heck is happening to crypto right now? What is happening to Binance? What is going to happen in the immediate future? This is something I want to talk about and we had news breaking hour on hour within the last 24 hours I want to break it down for you today and we have some shocking shocking news and changes in the plot of Binance in the plot of Bitcoin in the plot of crypto.
Let's talk about that Let's go straight into the content and dear ladies and gentlemen as always before we are starting with the video Kindly smash up the like button leave a comment down below and of course share this video with your friends as sharing is caring But also it helps to get the crypto community bigger It helps YouTube to understand that these videos should be carried out into the world that Bitcoin matters Thank you so much for that. Now. Let's start with the content and I will have two parts in this video It's a short video, but still two parts in the first part. I want to talk about this Shocking shocking news.
You know what in the first part? I will talk about the Bitcoin price because in the immediate short term Some things are brewing and I want to break this down in the second part I want to talk about these shocking news about Binance things which It just really blew my mind and it might have a very different ending than every single one expects Let's start with the Bitcoin price Let's actually go into it and quick disclaimer of I am still still in my Bitcoin long trade in my Ethereum long trade I will share on Twitter my my trading update and of course the size and everything long short everything on Twitter at M. m.
Crypto, make sure you follow me over there. Now. Let's talk about Bitcoin and let's talk about what the heck is happening Yeah, I mean Bitcoin was dumping down on the Binance news and if you didn't if you don't know what I'm talking about These Binance news was Binance being charged for 4. 3 billion US dollars 4. 3 billion US dollars in settlement charges to have the charges dropped by the DOJ and CZ was stepping back People were already thinking Binance is gonna go down. It's gonna go to zero.
We will have a second FTX No, we will not I will talk about that later on First of all, we were holding the support very important for Bitcoin now Let's see. Is there a new trading pattern evolving on the horizon for Bitcoin? Well Yes, and I was recently telling you be very cautious on Bitcoin right now I am still very cautious on Bitcoin.
I would not open a new long position I would not scale up any trade but what we can see here we have enough touch points up and down is An ascending triangle for Bitcoin and the breakout is going to happen until Tuesday or Wednesday we are going to see the decision whether we are sorry whether we are going to break higher to higher price targets of at least if We are getting this break out to the upside.
Let me actually show you at least a price target of roundabout You know what if you have fat fingers, this is what happens roundabout 40,500 US dollars or are we going to get the break to the downside you wait for the support or for this the support or For the resistance to break before that.
I would not touch anything for Bitcoin, but now Let's start with the real deal and don't get me wrong I'm in my long position if we break down if we break up I will stay if we break up However, I might scale my head low position higher if we break down I'm just gonna not do anything if I wouldn't be in a trade right now if you're not in a trade I think it's a non trading zone.
I would wait for the support or for the resistance to break I will leave a link down below 60,000 US dollars in free bonuses in the pinned comment click register deposit You can claim 60,000 dollars for free and trade this up-and-coming breakout as well If you are an experienced trader and only then now let's talk about what was happening. So Binance Months ago already it started right and everyone was expecting something to happen and the worst case is always An apocalyptic event by it's going down under right this didn't happen and 4.
3 billion frankly if you ask me, it's very very easy for them to pay its jump change But now I want to show you something which is horrible news Horrible news and at the same time it's Almost hurts to say that it's good news. Let me show you what I'm talking about let me actually go straight here into Twitter and Show you what I'm talking about. I was posting that just nine hours ago Binance was about to become the biggest company in the world. I Will leave the following without any additional comments, but this is the new CEO of Binance And here you can see Richard Tang much not shitting on him or anything.
Like I don't even know him I don't know much about him, but he is a very Official official part of the regulatory authority and he is part of the World Economic Forum And the ladies and gentlemen, let me quickly go back here once again.
I was at the World Economic Forum 2018 2019 I got so sick of it, right? I mean, of course, it's a place where very powerful people meet but I am telling you many many things Including things which were happening in 2020 which are not for the greater good of humans are being discussed and planned out there I am NOT a fan of this however That's the horrible part right? I mean who wants crypto be taken over the most successful exchange by institutions and power takers like this No real Bitcoin I wants that however on the other side now it's almost impossible for Binance to go to go down like it's almost impossible imagine the headline Oh and CEO of the World Economic Forum taking over and finance collapses even impossible, right? That is the good part of the news.
That is at least that's something I want to say and I'm still holding a lot of BNB And I'm watching this news with a crying and with a laughing eye at the same time you can let me know what you think about that Crazy news. I want to really here put out some respect for CZ. I met him a few times I talked a few times with him at different events and stuff Really nice guy humble down to earth and I think he handled everything always amazing refunds here refunds there hex They are always taking full responsibility full professionalism a big big role model in this space.
Unfortunately, he had to go and Yeah, it is what it is I would really like to know what you think about that Of course like this video if you appreciate it and we are going to see each other very soon at the next round of Mocruz as always Guys as always bye. Bye.
S K R Y B O T
Skrybot. 2023, Video transcriptions from YouTube
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