If after May 20 or so the price doesnt start to go back up we can pretty much throw out all past BTC metrics. At the end of the day the only thing that matters is demand, and right now, retail does not want to own Bitcoin so we are stuck with whale manipulation.
Since I became so rich in cryptocurrency I realise that crypto is the future cuz I invested 10k and made up to 36k as weekly profit I appreciate the help of your channel 😃🙂
lol..about million times more in the long term. The market for the new tulips are still live and kicking, but the number of buyers are less and less and when few players buy and sell from each other to pump prices that can be proven on blockchain and Uncle Sam start to cash...a lot can happen
Etf buyers are not good traders. They bought at top 66-74 and are now panicking and will sell at bottom 54-57 nullifying their gains. Leveraged longs are all liquidated now, nullifying their gains, now btc will come for that short liquidity nullifying those short sellers gains. This is the btc merry go round in the bull market. In the bear market is the same but the other way around (first shorts are liquidated, then longs). Machine working as designed.
Yes everyone is saying the same thing this is a normal drop Im not so sure I don't remember this much correction at the time of halvings in 2016 and 2020
People in the comments seem to think that this is the same market as it was before ETFs because it is not. So, expecting that the price should drop this much as it did in the past is not correct. It does not make any sense. ETFs make no sense when it comes to BTC. Why buy a derivative when the product is as easy to buy as an ETF.
Wow how time flies. EosSanDiego was my must watch years back. Great to see you back. And I’m still waiting for the party at Coronado. One day man. Hey, do a night walk again and show the EOS train for old times sake! That was cool.
Uncle Sam has officially 3.5 billion worth unofficially alphabet agencies have twice more at least they estimate. They will liquidate and at the end it will drop and who stays in the game lose. Buy sell is good just like stocks, but hoddling you have to be suicidal. I wish good luck for everybody.
Its very simple, there is always a drop around the halving, before or after. If you take. a look at the fear and greed index, it was screaming greed for some time. Obviously there is going to be a correction - a further increase from those 70.000 levels was not going to be sustainable.
Mate don’t stress yourself it’s the usual volatility there and the price never skyrocketed moments after the halving. Check the yearly chart! Bitcoin is still up more than 50% this year! All is good Anyway you looking much younger than 64 years old 🎉
Good question because it's cold, everyone thinks the beach is always sunny and warn not true although it never gets extremely cold next to the ocean the weather can be quite brisk. Thanks for the question.
Man relax it's all good this correction may still have some legs but it a good flushing out of the weak hands. This is healthy for the mid to long run the market was over extended 😉
@@FaithiinJesusThe real bitcoin is BSV, in that it follows the original protocol. This is also associated with Terra Node that will launch later this year. 1 million tps. So, now once the halving is done so is BTC because it no longer will be profitable to mine. Hence the Whales who are in the know are quietly selling off the BTC, dumping it on the retailers essentially, and will most likely shift their oositions into BSV-due to Terra Node which will fundamentally transform the digital market/Web3. Black Rock even has it written in stone in their ETF deal that they get to decide what constitutes ”Bitcoin”.
If you overlay last cycle, the bitcoin retrace low was about now. Tomorrow actually. So 56k is prolly the lowest its going unless it goes lower tomorrow.
@@FaithiinJesus The logic is just that human psychology doesnt change from cycle to cycle, so most people should do the same things at the same prices. We may have had an earlier start this cycle, but once its started, the path/journey should be fairly similar.
![Cody Johnson - I'm Gonna Love You (with Carrie Underwood) [Official Music Video]](http://i.ytimg.com/vi/yy9PuYMU29g/mqdefault.jpg)
If after May 20 or so the price doesnt start to go back up we can pretty much throw out all past BTC metrics. At the end of the day the only thing that matters is demand, and right now, retail does not want to own Bitcoin so we are stuck with whale manipulation.
I agree thanks!
Since I became so rich in cryptocurrency I realise that crypto is the future cuz I invested 10k and made up to 36k as weekly profit I appreciate the help of your channel 😃🙂
Thanks
For me trading has not been good well 😞 for me every day I came to watch video's I only see people appreciating how good they trading works
Which signal do you guys trade
All thanks to Brittany Williams
She is a licensed broker and a FINRA AGENT here in the States
price only makes sense in the long run, anything can happen in the short term
lol..about million times more in the long term. The market for the new tulips are still live and kicking, but the number of buyers are less and less and when few players buy and sell from each other to pump prices that can be proven on blockchain and Uncle Sam start to cash...a lot can happen
Thanks I in for the long run I have no choice
Nothing goes up in a straight line. we just liquidated all the longs now we go up and liquidate the shorts. what's so hard to understand?
Good point the speculators are getting killed
Etf buyers are not good traders. They bought at top 66-74 and are now panicking and will sell at bottom 54-57 nullifying their gains. Leveraged longs are all liquidated now, nullifying their gains, now btc will come for that short liquidity nullifying those short sellers gains. This is the btc merry go round in the bull market. In the bear market is the same but the other way around (first shorts are liquidated, then longs). Machine working as designed.
Yes everyone is saying the same thing this is a normal drop Im not so sure I don't remember this much correction at the time of halvings in 2016 and 2020
What you on about mate? The dip is perfectly normal at this stage after the halving.
You have a lot of company in this chat most people agree with you!
just means the rocket will be bigger
amen brother
There's always a dip right after the BTC halvings. All of them. Things will pop big time later in the year.
Not this big of a dip this is more like a crash
@@CamboHODL Thanks man Im a baby pro
People in the comments seem to think that this is the same market as it was before ETFs because it is not. So, expecting that the price should drop this much as it did in the past is not correct. It does not make any sense. ETFs make no sense when it comes to BTC. Why buy a derivative when the product is as easy to buy as an ETF.
Is that Tamarack?
Yes you nailed it!
Wow how time flies. EosSanDiego was my must watch years back. Great to see you back. And I’m still waiting for the party at Coronado. One day man. Hey, do a night walk again and show the EOS train for old times sake! That was cool.
Thanks yes its been quite the journey EOS probably won't be hitting 100 dollars any time soon and that's good with BTC in the tank I have no money!
Uncle Sam has officially 3.5 billion worth unofficially alphabet agencies have twice more at least they estimate. They will liquidate and at the end it will drop and who stays in the game lose. Buy sell is good just like stocks, but hoddling you have to be suicidal. I wish good luck for everybody.
Thanks my friend appreciate the comment
Its very simple, there is always a drop around the halving, before or after. If you take. a look at the fear and greed index, it was screaming greed for some time. Obviously there is going to be a correction - a further increase from those 70.000 levels was not going to be sustainable.
Thanks 70 should be baseline this 59 bull shit isn't working
HODL
Thanks I have no other choice Im broke!
Institutions always bring their games of price manipulation. Small and new investors must train themselves to hodl and watch the price less.
Thanks the game has changed
It makes complete sense. This happens every single cycle...?
In the history o bitcoin the one undeniable fact is that the price always appreciates during a halving now is the exception. Thanks for the comment!
Mate don’t stress yourself it’s the usual volatility there and the price never skyrocketed moments after the halving.
Check the yearly chart! Bitcoin is still up more than 50% this year! All is good
Anyway you looking much younger than 64 years old 🎉
I know but this should be higher Im disappointed everything else in the world sucks why does bitcoin need to suck
@@FaithiinJesus I know what you are thinking but we will win.. just lower your time preference
Btc isn't going up only, must be price manipulation
Thank you could right
Looks like you’re in Carlsbad.
Yes Tamarak and the 101
why do you have a beard in Southern California?
Good question because it's cold, everyone thinks the beach is always sunny and warn not true although it never gets extremely cold next to the ocean the weather can be quite brisk. Thanks for the question.
Man relax it's all good this correction may still have some legs but it a good flushing out of the weak hands. This is healthy for the mid to long run the market was over extended 😉
It hard to relax when you see money going away, flash crashes are making me an old man
Hay I hear you but I'd say we're about the same age early X gen we're still got a lot of living in us 😆
Makes perfect sense when you factor in that BTC isn’t bitcoin, a fork that has run its course.
Thanks for the comment
@@FaithiinJesusThe real bitcoin is BSV, in that it follows the original protocol. This is also associated with Terra Node that will launch later this year. 1 million tps. So, now once the halving is done so is BTC because it no longer will be profitable to mine. Hence the Whales who are in the know are quietly selling off the BTC, dumping it on the retailers essentially, and will most likely shift their oositions into BSV-due to Terra Node which will fundamentally transform the digital market/Web3. Black Rock even has it written in stone in their ETF deal that they get to decide what constitutes ”Bitcoin”.
Are you in Carlsbad?
Yes tamarak
It’s on sale
spent all my money wish I could buy now broke
sup brotha I run that deep sand every day lol #Cbad #Oside #Enci
Nice is the O'side Pier still closed
@@FaithiinJesus probably. got scorched heavily
Oh no, its over
Crash
Its the retrace low. I picked some up @ 57k woot!!
Amen brother!
I missed you dude! I remember watching you All during the pandemic. Welcome back
Thanks appreciate the comment it's comments like yours that keeps me going!
If you overlay last cycle, the bitcoin retrace low was about now. Tomorrow actually. So 56k is prolly the lowest its going unless it goes lower tomorrow.
Thanks Im not a chartist, but understand the logic.
@@FaithiinJesus The logic is just that human psychology doesnt change from cycle to cycle, so most people should do the same things at the same prices. We may have had an earlier start this cycle, but once its started, the path/journey should be fairly similar.
good day sir.
Thanks for the comment!