BITCOIN & ALTCOIN HOLDERS... THEY ARE TRYING TO FOOL YOU!

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Transcript

00:00they are trying to shake you out guys in the middle of this pullback that you're

00:04seeing across the crypto space right now there's something happening behind the

00:08scenes and a lot of people are about to make a huge mistake today guys I need to

00:12talk about exactly what this is so that you don't make this massive mistake I

00:17will talk you through what I am doing personally what I see my outlook for the

00:20market and much more so make sure to stick around from beginning until the

00:24end of this video welcome back everybody my name is Chris bringing

00:26cryptocurrency videos every day if you're new to the channel then make sure to

00:30subscribe and activate the bell right now so let's get straight into it guys and

00:35what you can see is that we had a pullback yesterday and we went exactly to my

00:39orange line here at a hundred and twelve thousand dollars and you know that I've

00:43been saying that the most important thing to watch here in the middle of this

00:47trend down it is these orange lines and you can see that we have had a bounce now

00:52of this first support level and now the question is is this going to be the

00:56bounce that is gonna be the bounce that holds and we go up from this point or is

01:02this just temporary and that we are going to see further downside I'm gonna

01:06talk about both different scenarios right now and this also ties into the massive

01:11mistake that a lot of people are about to make right now okay so if you look at

01:15Ethereum you can see that Ethereum is actually pretty strong still so we have

01:19this pullback yes but I mean we didn't go back down to the three thousand two

01:24hundred and sixty seven orange line here instead we have had a balance here in

01:29the middle of this trend here so we could still come back down here if we do

01:33that then I do think that this is going to be strong support but the more

01:37important chart and this is huge and this is on the monthly chart and this has

01:41to do with altcoins in general because if you look at altcoins right now they're

01:45still trending down a little bit many of them have been seeing decent bounce today

01:50but if you look at the week we are still very very red across the board here some

01:55altcoins have been doing good but in general it is very red so this bounce that

01:59you're seeing right now really doesn't outpace the losses that we had here for

02:04the last week so just keep that in mind so if your portfolio is mainly in altcoins

02:08right now then yeah probably things are not looking too good but if you're

02:12mainly in Bitcoin and some of the major altcoins like Ethereum and Solana which

02:16have already had big gains then you should be pretty okay but anyway this

02:21trend line here this is on the monthly time frame so we still have almost an

02:25entire month still left before this closes you can see that we're trying to

02:29stay above this point so if we can stay above this point and close above this

02:33point then that is very very good but in general this is a formation has been

02:37forming for the last four or five years so this is still huge the fact that we

02:42were able to close above it but yeah we will see guys but I still remain bullish

02:48here and you don't necessarily have to be a hundred percent bullish a hundred

02:52percent bearish you have to realize that we are going to see a pullback and if you

02:56believe that we are still in the bull market and you believe that we're gonna

02:59have the peak of the market at a later point then you already know that between

03:03now and to the peak you are going to see pullbacks so you should always be

03:07prepared for this but I believe that there's a decent chance that this level is

03:11gonna hold but if not then we have a hundred and six thousand five hundred

03:15and then the huge one here at a hundred K also big psychological level so

03:19really we could for Bitcoin go down all the way here I would say to a hundred K

03:23I'm not saying that's gonna happen I'm just saying that I will still remain

03:26bullish even if we go back down to this level so I am buying the dip all the way

03:30down here and I will talk more about my trades here in a little bit so if you

03:34look at Solana you can see that Solana also like clockwork is seeing a

03:37bounce of my orange line so this is why it's so important to keep

03:40track of these ones and everyone that paid attention here you were able to

03:44play these bounces and you are now potentially sitting at massive gains if

03:48you got in here at orange line at least you got a good idea about likelihood of

03:52us seeing a bounce here if you look at doge doge is still in the middle of

03:56nowhere here but I think there's a decent chance that doge if we see another

04:00pullback for Bitcoin let's see Bitcoin sees a drop here to 106 or even 100k then

04:06yes I do believe that doge is most likely going to test this 14.5 cent

04:10level if you look at XRP we're trying to stay above at this point here same thing

04:15here orange line holding up the XRP price you can see that Cardano is not

04:19doing anything in particular Pepe is trying to break through the resistance and

04:23Sui is also we had a bounce actually before we got to this point here so that is

04:30good like the market the major altcoins that we're following and that I'm

04:33trading they're not doing too bad and especially Bitcoin also is doing pretty

04:36okay pretty pretty okay and if you look at my trades I will quickly go over my

04:42trades here as always guys I show you everything transparently from the

04:45beginning until the end if I make huge gains you will see that if we make losses

04:49you will see that and you know that these strategies have been at a huge red

04:54previously I was down 1.7 million and then I turned it around to like almost 2

04:58million in total so there's big swings here but all of this volatility means

05:03that I'm making more and more gains and yes I did get in with a huge position at

05:07close to the peak of the market but that just shows you that using these

05:13trading strategies in my opinion the entire point there is to not be able to

05:16or you don't have to time the bottom you don't have to time the tops so

05:20they're just gonna trade over time and right now what's happening is that

05:23they're buying the dip on the way down so this is what I'm doing not

05:26financial advice I'm just showing you what I am personally doing so right now

05:29the Bitcoin strategy is still up 450k the theorem strategy is still up 140k

05:34Solana is down doge is down but XRP is up and all of these other ones are up also

05:40so yes we took a little bit of a hit here but they're buying on the way down so

05:44I'm not too worried about that the only thing I need to make sure is that I am

05:49adding enough margin to make sure that I am not getting liquidated I've been

05:52through this before many many times countless times and I've been showing

05:56you every single time how I am turning it around so that is fine and the

06:01volatility just means that I'm making more gains eventually now for my

06:04individual trades I did have a few orders that happened yesterday can I see it

06:11somewhere yes okay so first I had the pepper order 20k and then I had a big XRP

06:17order so this is like how much was this 150k something like that that got added

06:24yesterday let me see here so the position itself is worth right now 232k for XRP

06:30but I bought the dip and XRP trade I bought right here actually so with this

06:36bounce and this is how I like to trade I like to get in during times when we are

06:41likely to at least see some kind of bounce here that could be the bottom or we

06:44could see another breakdown but I'm averaging in at major support levels so

06:48the next one is going to be here at $2.37 if we come back down here but for

06:53now if we see a big bounce towards topside I can take profit here at

06:56somewhere around like 3.26 somewhere here if we see a move towards topside so

07:01that's fine I'm averaging in at levels in which I think we're gonna see a bounce at

07:07so this is the current situation the SUI trade down significantly the XRP trade

07:12down significantly and the Pepe trade is also down not as much but still it is

07:17down so as always I'm keeping things transparent and I will show you and this

07:22video usually I talk about fundamentals on this but I'm integrating also a little

07:26bit of trading here because I do think it's very important other than that I do

07:30have as you know guys my second trading channel where I go more into depth

07:34exactly about the trades that I'm making but yeah for now I am posting it here on

07:39this main channel also but I will get back to making videos on the second

07:43channel I'm just just because right now I'm a little bit sick still so I'm just

07:47posting in this video here today anyway make sure to go to the description of

07:51this video by the way guys and subscribe to my second trading channel where I go

07:56more in-depth about like all of these trades that I'm showing you right here I

07:59talked about them in great detail on my training channel so right now you're

08:04actually able to get in also if you want to use my training strategies you're able to

08:07get in at a much better price even than I got into so if you want to do that go

08:12to description of this video right now and make sure you understand how they

08:16work you have all of the tutorials up here but you can sign up to pionics using

08:20this link all of my strategies and click on this link and then you just choose

08:22whichever coin you want to use so trade with pionics weeks and tapping these

08:27are my favorite exchanges make sure to take advantage of these offers that you

08:31have right here now let's talk more about the fundamentals so they are trying

08:38to fool you guys in the middle of this chaos when everything is crashing down

08:41people are panicking people think that we're gonna go down to zero there's

08:45always FUD also being released so China has officially banned cryptocurrency

08:50trading mining and related services so this was posted yesterday the only thing is

08:54that they actually banned it already like in 2020 or 2017 they have banned it so

09:01many times and they're posting this right now to create more fear they want to

09:06shake you out out of your Bitcoin guys and I will talk you through why they want

09:10to do this and the big mistake that a lot of people are about to make so China has

09:13officially banned cryptocurrency trading and you can see that someone added a

09:17note that it was already banned since way way back so why are they posting these

09:21things right now they want to create fear they want you to sell also another

09:25point of FUD is that there was a lot of reports like hackers are about to sell

09:3014.5 billion dollars worth of Bitcoin why because we recently discovered the

09:35hacker of the Lubian mining pool so this was a mining pool they got hacked for

09:40127,000 Bitcoin and they haven't touched those Bitcoin since then from what I

09:46understand so this is currently worth 14.5 billion but remember these are from the

09:51hack so they cannot easily just drop these ones into the market because like

09:55I said it is from a massive hack so they will have a very hard time selling these

10:00ones if anything I would just say that this is supply that's been taken out of

10:04the market so this is actually a bullish thing in itself but people are spinning

10:08it and saying that they're about to dump 14.5 billion dollars into the market so

10:12you can see how the narrative is changing here so you can see this we

10:16identified the wallet from the hackers important notes this hack occurred in

10:202020 the Bitcoin hasn't moved since 2024 actually the amount of stolen Bitcoin

10:26can't easily be sold so it will likely never be dumped especially all at once

10:31and then finally also Arthur Hayes became a bear here so he said that yeah the

10:37effects of the tariffs are probably going to be felt in quarter three and that we

10:41are about to test for Bitcoin 100k and Ethereum will test 3k okay so let's say

10:46let's say that happens so let's say we go down for Bitcoin and we test 100k

10:50that's minus 10% let's say we go down to 3k for Ethereum

10:53that's 10% 11 12 whatever now what are you gonna do so are you going to sell

11:00everything right now in anticipation of buying down here I can tell you I've seen

11:05this story time and time again what usually happens is that people sell

11:08everything they have right here because they're waiting for price to go down

11:11here and they sell and we do something like this and we never reach this point

11:15and then we shoot up remember how quickly Ethereum went up here so in the mid like

11:20in a matter of what is this a few weeks we went from 2,000 to 4,000 right so in the

11:27middle of like everything and if you were waiting so let's say so here's what a lot

11:33of people did let me give you the example so we had a big push people sold here

11:37maybe they became bearish and they were waiting for us to go back down to a 1,800

11:42we didn't manage to do that we instead went up and then people they were out of

11:47their crypto and they were fomoing here at the top and now they are wrecked so this

11:52is why the best thing in my opinion and what I have found is to not try to time

11:57the bottom don't try to time the top instead what I'm doing is using the

12:01trading strategies which are automatically exiting once we're going up and

12:04they're automatically buying the dip on the way down so that's what I'm going to

12:07continue to do so just be aware of that a lot of people make this huge mistake

12:11and I would hate for you to do it as well but of course everyone has different

12:15situations if you have borrowed money if you are like in a very bad place then

12:20that's different you have to do whatever you need to do but if you are selling

12:24right now in anticipation of getting in lower chances are that you are going to

12:28miss that opportunity again not financial advice I'm just showing you are

12:31talking about my opinion and what I have seen previously many many times guys this is

12:37what I got for you in today's video thank you so much for watching and I will see you guys in the next one

12:40next one

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