VIDEO TRANSCRIPTION
MMCrypto
BITCOIN: WEEKEND TRAP!!!!!!!!!!!!!!
Description generated by Skrybot
The speaker discusses their trades in Bitcoin and other cryptocurrencies, highlighting significant profits. They analyze Bitcoin's chart pattern, noting a completed falling wedge and the need to break above a specific price point for a positive move. The speaker anticipates a bullish February based on historical trends and emphasizes the importance of Bitcoin holding a key support level over the weekend. Additionally, they mention upcoming events like the Satoshi Roundtable conference.
Transcription generated by Skrybot
today for the bitcoin and crypto prices ladies and gentlemen in the bitcoin charts right now something is coiling up i need to talk about it it is friday right now and this chart pattern is speaking a very very clear language as to what we can expect throughout the next few days leading into the next week leading into the all decisive next week of february let's talk about that dear ladies and gentlemen it is crazy and yes I am in my trade still. The SUI trade opened, the Solana trade opened, the Ethereum trade opened, the Bitcoin trade opened. Altogether, accumulated 13 million US dollars in unrealized profits, 15 million US dollars in realized profits.
But the question is, is it smarter now, before February, to close down the trades? Or can we expect some more movements towards the upset? I want to show you the charts and break down exactly what I am expecting right now for Bitcoin.
right now for cryptocurrency let's get straight into it and dear ladies and gentlemen crazy to watch the performance of our channel recently like the videos have been going insane and all your likes all your positive feedback the views i truly appreciate it we are really growing together hopefully with the bitcoin price but this is exactly what we are going to talk about right now thank you so much for all your love thank you for your support thank you for your for your amazing mm crypto channel subscription since some of you guys already here for like eight years. It's completely amazing. Let's talk about what is happening for Bitcoin. This is the daily candles for Bitcoin. And quick update, guys.
Probably later today, I will upload a video, almost two hours, with Brian Rose from London Real, with my full story here on my YouTube channel. Today, latest tomorrow, most likely today, where I am telling you. . .
everything from the beginning until the end how i went from a taxi driver to uh bitcoin man that was the best word i could i could come up with uh because i really want to stay humble here and of course there were a lot of difficulties and like crazy i will upload the whole story make sure you watch it um in the end of the day of course all glory to god uh so so happy about um yeah like all the blessings and everything Now let's talk about whether price-wise we are going to find more blessings for Bitcoin, right? Let's see what is happening here. You can see on the daily candles, Bitcoin was, of course, consolidating here in this falling wedge.
And I really like that this is a daily pattern because daily patterns are much more often working out than not. What we can see, we already hit the target of that, which is the top of the wedge. So this pattern is completed.
basically so you cannot really trade this anymore but how can we get any value here from this well what happened after the completion of the pattern what happened after we actually hit the price target we went down and we confirmed the previous resistance which was then turning into support what we need now to confirm this as a as a as a positive potential move here is we need to unfortunately break above the previous rejection point 109 400 us dollars Overall, this is really not a very clear picture because it's not that we are having higher highs, higher lows. No, here we had a lower low and here we had a higher high. Quite unique.
So what I would say is until February, until Monday, which I believe is much more likely to be bullish than bearish. I want to make this point. February is way more likely to be bullish than bearish. But until then, I would wait.
the weekend is in front of us and if we are pulling out the ema ribbon you can see bitcoin simply needs to stay above this support area here also if i were to pull out the vpvr you can see it's coinciding the bottom of the of the daily ribbon also 97 000 that is the line in the sand that is exactly the level we need to hold it is the bottom of the ema ribbon it is the previous support which was already confirmed we need to hold 97 98 throughout the weekend which shouldn't be too difficult and if we do that i think most likely most likely february is going to be bullish historically february was i think the most bullish month at all for crypto including altcoins including ethereum i think every year besides one year was basically green right that doesn't mean it has to be green you just talking about statistical likelihoods here also this quarter is supposed to be green Most likely.
January already concluded slightly green. February should be green. And the level we have to watch for that is, of course, the level I mentioned. Also, I will later on go to Satoshi Roundtable, this very, very famous, legendary private invite-only conference. Maybe I'll tell a little bit about that, but I don't want to be too open walking around with my phone there. But I'll definitely update you about that as well.
this is exactly what we should be looking out for for this weekend which is about to come right now i think it is important that we are holding that level and i think it is very important to look out how we are starting the next week most likely i think bullish but who knows we need to watch the weekend you can trade this whole thing be careful though with the links in the pin comment in the video description thirty thousand dollars free on uh bybit five thousand dollar free trade on levex 20% bonus on the non-character kyc exchange bit unix all of that down below and yeah i will come to you later with the next update just make sure you're subscribing to the channel so you are here and you are getting the notification when i'm uploading my next video thank you so much for watching we are going to see each other very soon at the next time as always guys as always bye bye.
S K R Y B O T
Skrybot. 2023, Video transcriptions from YouTube
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