HUGE MOMENT!! WHY BITCOIN FELL AND WHAT’S NEXT ~ WHAT IS COMING IS INSANE!! ALTCOIN YEAR

by birtanpublished on October 2, 2020

Wow unbelievable okay absolutely yes guys halfway into my fifth go-gurt tube in a row I had to stop to get on to provide this quick update here on bitcoins price in a matter of minutes Bitcoin falling from 10.1 K all the way down to our key level here touching right into the 9.2 K level as we talked about On February 15th four days ago if this is the beginning of a feud a trend to keep in mind at 90 100 is a perfect pullback area granted we saw this very quick in a very quick few minute candle and guys it is hit and I'm point to exactly and is right now it's actually bouncing it's already almost recouped

About 40 to 50 percent of that drop in the last few minutes as you can see coming from 10.2 down to 9.2 and right now we're actually at about nine point six nine point seven guys will this move continue what does this mean for overall health of the market you can see Bitcoin clearly again falls out of this ascending channel since the beginning of 2020 but most importantly if we look here you can see Bitcoin actually again 100% we see this time and time again from the top of this channel to the very bottom of this channel before waking back up and as we're actually filming

Right now it's actually increasing guys what does this mean for Bitcoin and as well alts not taking the hugest hit specifically xtz got actually looking pretty good so we have so much to cover in this episode so guys pour yourself a nice glass of juice take out those chicken tenders kick back and relax as we enjoy this Bitcoin ride Wow what's going on everyone welcome back an extremely exciting emergency update here for a Bitcoin as you guys know I actually get home I turn on my computer screen what I've been watching this chart all day I turn on my computer

Screen and there it is almost a thousand dollar dump in a matter of minutes huge and I couldn't believe my eyes I look at the chart I look exactly where this price whipped down – and guys exactly down to that area right into the nine point two there are so many reasons why this happened and guys what does this mean for Bitcoin going over the next few weeks going you know maybe even the next few days it probably doesn't have much over the next few weeks but what does this mean for the market are we going to continue to dump is this just a normal hold back we have so much to get into

And guys thanks so much for the last video in fact in less than fifteen hours we did hit that thousand like mark so guys in this video we can hit 1200 likes then next video we'll be giving away one of these bad boys or equivalent in BTC all you have to do is leave a comment below and guys view the channel make sure we like specifications ding the bell and as well guys if you want some perks as well as getting daily updates to these charts I even do is hit here and join tier two already have so many great people joining over the last week since we started talking about it

Guys huge so much to get into let's get into these charts Wow so let's start off with this chart here guys so this is the chart I had on my computer the first one that opened up when I pulled my screen up and I'm not kidding you my eyes started bulging like bananas bulging like giant watermelons giant grapes large grapes not small ones guys I literally my jaw dropped I saw this I was like wow this is huge I was literally watching this chart all day and the second I get home this is what happened so in fact as we're recording this it does look like on this

Hourly candle it does look like it wants to bounce back if we actually supposed to the 40 minute we can get a better picture actually instead of 30 minute let's go back to it let's do like the 5 minute so we can really see what's going on on these smaller timeframes okay basically staying very steady all day okay and then we have a very small divergence here and then you just see this one two three guys right when we right when we go below 10k okay literally right as we go below 10k we see this five minute candle 10k down to 9.2 okay huge this is all one five

Minute candle and in fact if we switch to a minute I guarantee this is probably in yeah it's only in like three candles here okay all very very quick very quick huge candles on the 5 minute you do see there is a bit of a balance but guys we could need to take a look at the bigger picture like what does this move mean does this mean much again this very much very likely is due to leverage trading as well as some very big accounts okay some very big Bitcoin holders here playing with the market now what I want to switch to actually is this chart here so if we switch to the daily here on

Bitstamp you do see this and that is you know we've been testing all day right around this level the very tippy top of this channel about the 10.2 you see it get rejected go right to 10k and as it's a 10k okay again the 9.2 now this is the exact length of this channel if we zoom in here you guys can see this this is the channel here all the way down to the 10.2 now we've been talking about the 10.24 actually about a week and a half two weeks now the target we've been talking about for a bit and for a few reasons okay for one the 10-point or sorry the 9.2 is a huge

Level for a few reasons okay this reason here is right in line with this pullback area okay when we see these pull backs again this is something we've actually been seeing pretty consistently so as of right now this doesn't look too odd especially over the past almost two months now about a month and a half this doesn't look too crazy okay we have a big move up we get a nicer tradesmen basically back to the top of right before that big move happened here okay same thing here big move up down go to the almost to the bottom of where this big move happened here it's almost

Form a triangle here okay big move up down and currently let's take it all the way to the bottom here basically right here to where the start of this move happens so if we actually illustrate this let me do that again I just had it on here and then I deleted it for some reason let's do it again you're such a goose he already had it on the screen there is so you see these like triangles so the pattern it pumps breaks down basically to find support at right before the pump and then it continues upwards so that's what that illustrates there and now already we're seeing a

Very quick buy up here now I wouldn't be so short right away that this is going to automatically go a back up below above 10 K again 10 K is a huge level for a lot of reasons and it's not surprising this is where we're facing some resistance but as of right now this resistance we're seeing isn't necessarily much different than what we've already seen three times already over the past month and a half so far there's really not much significant different differences and really nothing to panic about just yet in fact 9.2 as we talked about was a very healthy level

We only whipped down in literally a matter of minutes so I wouldn't be I wouldn't be shocked or upset if we stayed around the 9.2 for a little bit longer okay guys we're about 400 dollars above it at the time of me recording this but I would not be surprised if we went back to that level and it would be perfectly healthy okay and we also have to take a look at this guy's you know this we pull this out when there is some downward movement this move right here you can see this again right here this box we've hadn't drawn here for a while this literally touched right at the

Tippy top of this box which is like the minimum pull back for this gigantic cup and handle forming potentially on the daily chart here for Bitcoin so this is huge so we need a pull back to form the handle and again this actually pulled back right down to here now for this to really form guys I'll be honest over the next few days if we continue to have a little downside action that would be insanely bullish for this pattern here here on the daily chart the 50 moving average right here this is absolutely huge for a number of reasons okay the 50 moving average right here is crucial

It's the next big daily moving average with it to take a look at here and basically actually I'll be coming up over the next few days so right around this ninety one ninety two hundred dollar level is going to be crucial if we get a very strong bounce okay what I'm saying here basically is over the next few days if we continue to go down for another day or two if this move continues but we find solid support around the 92 week again we could go below 9 K that would be fine if we dip below 9 K and get a very quick increase like we just saw if we see a similar

Move to that we could go below 9 K and that'll be fine but if we basically hold around the 9 point to the nine point one and even the nine K level and continue from there guys that could be a very very extremely bullish setup on a very large time frame now people are talking about some bearish setups here on these smaller timeframes okay it is possible I was looking at this earlier I was talking to to my bud on Twitter about this DM is about okay what is this some potential head and shoulders again it is a pattern that kind of looks like it's there I don't it's very ugly so I don't

Necessarily 100% agree with it and even if it is valid is a very small pattern meaning it's on the hourly chart it's not very long the target for it to go down would not even be bad it would honestly probably be around that like 9k level even if it did break down it's not that drastic so even if it did come to fruition that's not really that bearish of a pattern here so I'm kind of watching that and again this pattern really does not necessarily look like that it could be but it's just a little too ugly a little too misshapen and another thing we have kind of like the

Neckline descending while this again it just kind of it doesn't look very perfect there it could be the case but again overall over the next few weeks it's not going to have much of an impact it's a much smaller pattern and we have to keep in mind there a lot of patterns going on potentially this five-month pattern that we need to really keep an eye on so you know say we had an inverse head or sorry a regular head and shoulders on the smaller timeframes that brought us down to like the eight point nine eight point eight level even down to like the at the very least maybe the

Eight point two at the very least or sorry the very most like the most it could bring us down that could be a pattern that sets us up to really just you know on the macro timeframe provide a huge reversal that's the number one thing we say when there's dumps there's pumps and when there's pumps there's dumps so you can't really have a dump without a pump and you can't have a pump without a dump they go hand in hand they are meant for each other they need to happen together and so that's something you'll need to keep an eye on so very exciting to watch this

Guys I'm very in tune with this I cannot wait to continue watching this move play out Wow and guys I wanted to add this to videos about 30 minutes after the original video I do want to add this guys so during the market of 2019 okay the the absolute explosion we treated in this area for three entire months with 9k 9k 9.2 9.3 being huge support and once we did eventually fully break that break out of that massive downside okay so now if we got a this is actually the truly bounce and we continue from here guys that is absolute mega bullish on these longer time frames keep in mind

This is the weekly chart okay this looks very small but this is this is a just within this chart this is over a year of data just in this area right here so absolutely huge this area again huge macro key 8.2 is the absolute lowest we could go and remain mega bullish if we go below 8.2 and we hold there guys very bearish scenario but we're very far away from that in fact we're seeing a nice bounce here so this is actually looking pretty good I thought today was gonna be actually a kind of boring day in terms of price action and I was actually not planning on uploading a video I was

Actually just gonna upload some charts and some possibilities to the tier 2 member tab just me it doesn't take as much time it's more fun I can just play around with it but in fact I did have to come onto a video because when there's big moves you know we're gonna want to cover it guys so thanks so much for coming by and I'll see you in the next suite update

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