Name: Bitcoin Price About to Tap Explosive Rally Trendline | BTC is Money Printing Protection
Uploaded: 2020-03-10T20:10:24.000Z
Duration: 17 min 53 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Let's once again take a look at our beloved log scale chart.

Sentences with advanced comparative

As long as we're closing the monthly above the trend line, this is just another great buying opportunity.

Future continuous

Zoom out and look at the big picture will be breaking this down for you in today's show.

Also in today's episode, Bitcoin is money printing protection as US bond yields hit, lowest ever taken.

A look at these tweets, Hunter Horsley wrote S and P is negative 7.6% today, based on historical volatility, a negative 7.6 move in the S and P is equal to negative 41% in Bitcoin.

Yet in the last 24 hours, Bitcoin is only down negative 5% and only 1/2 a percent since midnight today.

The treasuries are up. 00:00:58.590 --> 00:01:3.200  That's a negative coral, which is a different thing, and then we had naval share At the moment. 00:01:3.200 --> 00:01:8.440  Bitcoin is not a general hedge against every black swan, it's still behaves like a risk on trade. 00:01:8.520 --> 00:01:22.430  But long term Bitcoin is a hedge against central banks printing money, which is inevitable as a reaction to the virus and then taking a look at one of my favorite crypto analysts, Josh Trager had to share regarding the Corona virus, he said.

That could lead to more people adopting crypto assets like Bitcoin to reduce the possible exposure to the virus.

Crypto investors Already new Fiat money was dirty touche, and he also went on to share Nice to see the short term relief in the past few hours.

The Bitcoin price couldn't break above the daily Open and want to see it break this area before I feel good about any potential short term rally.

I'll take some profits at the resistance bloc above.

Between $8030.8100 dollars will be breaking all this down for you in today's show.

We'll also be taking a look at the overall Cryptocurrency market. 00:01:55.480 --> 00:02:3.020  As you can see, all the major kryptos are pumping and in the green once again, where is the Bitcoin price likely to go from here? 00:02:3.030 --> 00:02:6.450  Find out all this plus so much more in today's show.

I dropped a brand new episode every single day, so be sure to smash that subscribe but in and click that Bell icon to receive notifications of the latest premium Krypton news.

And before we kick off today's show ticket, Tori is back with five coins to five million.

This is a live crypto event, taking place March 18th at 8 p.m. Eastern to reserve your seat and discover five tiny cryptocurrencies that can turn a $500 investment into $5 million thanks to a crypto market phenomenon guaranteed to hit in roughly 50 days.

Click the link right below the video in the description. 00:02:58.630 --> 00:03:4.710  It's gonna take you here and to your favorite email and click the button that says, Signed me up and I look forward to seeing you there. 00:03:4.720 --> 00:03:7.820  All right, welcome back to another episode of Krypton news alerts. 00:03:7.830 --> 00:03:8.600  I'm your host, J. 00:03:8.600 --> 00:03:8.970  V. 00:03:8.980 --> 00:03:17.100  And let's dive right into today's top story of the day Bitcoin about the tap, a trendline that consent the cripple market on an explosive rally.

The crypt A market has been caught within an intense bouts of volatility over the past several days and weeks to say the least right, which has been led by Bitcoin's capitulate ery decline from recent highs of 10,500 toe lows of 7700 which is where we set today.

This intense downtrend has led Bitcoin to a critical macro support level that can provide investors with an ideal buying opportunity.

Multiple major All coins have also approached key support levels over the past several days, which a continued defense of these levels potentially opening the gates for significant near term rallies in the days and weeks ahead. 00:03:54.900 --> 00:04:0.260  At this time, Bitcoin is currently trading just above the $8000 support. 00:04:0.270 --> 00:04:7.070  So we did have a nice bounce back from that about 76 $7700 level and things were starting to get scary. 00:04:7.260 --> 00:04:10.150  I will admit it's like how low will she go?

But that correction has already turned around and the market is starting to pump once again.

The intense downtrend that Bitcoin has been caught within over the past several days and weeks has led the aggregated crypto market to similarly see some intense losses, with Ethereum and X R P and most other major old coins erasing the bulk of their 2020 gains.

In spite of the overt bearishness of the price action scene throughout the past few days, it is important to note that the aggregated crypto market may soon see a notable short term rebound.

Analysts on Twitter explained in a recent tweet that she believes both ethereum and like coin may see some upside if they're able to hold above their key support levels at $195 and $48 respectively.

Taking a look at her tweet on crypto Twitter, she wrote, Hashtag opium. 00:04:58.730 --> 00:05:2.800  Both ethereum and light coin have a few hours to hold onto their bullish pattern. 00:05:2.800 --> 00:05:9.690  Support lines, a theory on must hold above 195 and light coin must hold above $48. 00:05:9.750 --> 00:05:10.650  So let's take a look.

Ethereum is definitely above 195 currently trading at $203 and light coin is above currently trading at just above $50 so Bitcoin could spark a massive marketwide rally if it bounces at this key level.

Crypto Bullet, another popular crypto analysts on Twitter explained in a tweet that Bitcoin is currently approaching a key macro trend line that has historically sparked explosive upward movements.

Taking a look at his tweet on Krypton Twitter Bitcoin one million log scale update.

Zoom out and look at the big picture and let's take a look at this graph, which I'll include in the show notes. 00:05:53.640 --> 00:06:3.170  Blow the video in the description, and it looks like this trend line is just above 7700 and $50 we're currently trading at above 8000. 00:06:3.170 --> 00:06:5.570  So it looks like we've held the trendline. 00:06:5.580 --> 00:06:6.860  Byzantine responded. 00:06:6.860 --> 00:06:9.900  There aren't enough rocket emojis on that chart.

If Bitcoin post the highly bullish response to this level, as it has done in the past, then it's highly probable that the aggregated crypt a market will also incur some intense upwards mo mentum in the weeks ahead and now for our next story of the day.

Bitcoin is money printing protection as the U.

S bond yields hit, lowest ever of all time.

Bitcoin is not a hedge against every global meltdown but will ultimately protect its users from central banks, governments and Fiat.

That was the consensus building among crypt of supporters on March 10th as traders awaited the next stage of the worldwide panic.

This had given much of the economy its worst day since the 2000 and eight financial crisis Bitcoin increasingly un correlated. 00:06:56.170 --> 00:07:1.230  On Monday, currency markets and stocks led the losses, which were later joined by markets such as U. 00:07:1.230 --> 00:07:2.650  S government bond yields. 00:07:2.720 --> 00:07:5.310  In a move unprecedented in history, the entire U. 00:07:5.310 --> 00:07:15.010  S bond yield curve drop below 1% signal an intense concern from traders over a global recession and oil price war and, of course, Corona virus.

At the same time, Bitcoin shed around 15% overnight volatility, which at press time had nonetheless subsided.

Noting historical behaviour, Hunter Horsley, the CEO of Bit Wise, said that Bitcoin was performing much better than before versus the S and P 500 in particular, taking a look at his tweet on Krypton, Twitter, S and P is negative 7.6% today, based on historical volatility, a negative 7.6% move in S and P is equivalent to negative 41% Bitcoin.

Yet in the last 24 hours, Bitcoin is only down 5% and only 1/2 a percent since midnight tonight.

That's a negative coral, which is a different thing.

So is Bitcoin a hedge against printing money?

Absolutely. 00:08:0.030 --> 00:08:5.400  Angel List CEO Naval, meanwhile, suggested that investors zoom out from the recent price adjustments. 00:08:5.410 --> 00:08:7.310  Here's what he shared on Crypto Twitter. 00:08:7.440 --> 00:08:13.520  At the moment, Bitcoin is not a general hedge against every black swan and still behaves like a risk on trade.

But long term Bitcoin is a hedge against central banks printing money, which is inevitable as a reaction to the virus.

Bitcoin has traditionally favored investors with low time preference.

Those who understand that saving and sound money guarantees more wealth in the future versus spending and borrowing, and taking a look at the overall Cryptocurrency market.

Bitcoin is up almost 3% now, trading just below $8100 which is the current resistance at this time. 00:08:41.710 --> 00:09:4.530  A theory, um, is about even trading at $204 X r p up 2% trading at 21 cents Miss Light Coin, up 1.2% trading just above $50 BNB is up 1.7% trading at $17 Bitcoins Satoshi Vision trading just at $200 Bitcoin cash is down 2000.2% trading at $274. 00:09:4.600 --> 00:09:8.770  Link is up 2740.78% trading at $4.16. 00:09:9.160 --> 00:09:29.360  And as you can see after a blood bath in the market in the past 48 hours, Bitcoin and the market is finally surging once again And taking a look at what crypto analysts Josh Reagor has to share surrounding the krone virus he put, the krone virus could lead more people adopting crypto assets such as Bitcoin to reduce possible exposure to the virus.

Already, new Fiat money was dirty, and here's an actual article published on Forbes of the WHO organization encouraging the use of Kryptos do to the Corona virus.

Josh Reagor also went on to share Nice to see short term relief in the past few hours.

The price couldn't break above the daily Open and want to see it break this area before I feel good about any potential short term rally. 00:09:53.230 --> 00:10:8.830  I'll take some profits at the resistance bloc above between $8030.8100 and he included this craft which I'll include in the show notes blow the video in the description and the Daily Open is about 7900 which were currently above. 00:10:8.840 --> 00:10:11.920  We're just trading right below 8100 at this time.

The current crypto market cap is sitting at $229 billion with the 151 billion in volume in the last 24 hours, and the current Bitcoin dominance is 64 0.1% which is currently on the climb and taking a look at the top gainers.

In the top 100 kryptos, we have Luke bring leading the way up a whopping 24% trading at just below five cents.

Synthetics Network up 21% trading as 73 cents.

Aw Gore up eight and 1/2 percent, trading at $12.31.

And now for the biggest losers, Ren, down 8% trading at just below seven cents. 00:10:58.840 --> 00:11:2.480  Swipe, down 7.8% trading at 83 cents. 00:11:2.640 --> 00:11:6.260  Hadera Hash Craft, down 6% trading at just below five cents. 00:11:6.260 --> 00:11:12.120  Mulk Euler Future, down 5% trading just below 52 cents, wax, down 5%.

Trading at 40.1 And taking a look at the bit max margins we can see the Bulls are finally back in control, leading with about 75 million in superiority in the last 24 hours, with Long's leading 51% versus 49% shorts.

Are you bullish or bearish on Bitcoin right now?

Let me know in the comments right down below and checking out one of my favorite indicators.

It's the Crypto Greed and Fear Index were currently rated a 16 and Extreme Fear.

Yesterday we were 17 in extreme fear last week of 40 and Fear and last month, a 61 in greed.

And if you're not familiar with the Criminal Greed and Fear index and how it works extreme fear, which is where we're currently at, this could be a sign that investors are too worried. 00:12:0.070 --> 00:12:2.970  That could be a great buying opportunity wink, wink. 00:12:2.980 --> 00:12:11.070  And when investors are getting too greedy, that means the market is due for a correction and checking out the Bitcoin blocked reward Having countdown.

There's 61 days, 22 hours, 30 minutes and 33 seconds left.

We count down every single day right here on the show.

The estimated time of the Bitcoin block reward having is currently may 11th once this goes down is gonna be twice is difficult to mine Bitcoin and twice as expensive to do so.

Typically, this causes a surge a parabolic rally in the market that can last several years.

We witnessed it back in 2016 and we witnessed it back in 2012.

And if history rhymes, then you already know what to expect A new all time high for the Bitcoin price this year. 00:12:57.260 --> 00:13:7.440  I will not be surprised that Bitcoin dwarfs the previous all time high set in December of 2017 which was $20,000 make that look like child's play. 00:13:7.450 --> 00:13:20.990  And I also an in agreeance with the stock, the Flow model and Plan B with the prediction that Bitcoin will reach a six digit price, which means $100,000 or more by the end of 2021.

But what your thoughts let me know in the comments right down below, and I want to encourage you to check out the description right below this video by clicking on Show more in the description right down below for a detailed analysis of what's going on in the market.

And this goes for all of the videos right here on my channel.

Also have some very helpful resource is for you to tap into, including the block to my podcast, which could be found at crypto news yes dot com.

This is updated every single day in which you can download the latest episode of the podcast.

Also, I'm going to assume you've already subscribed here on YouTube. 00:13:56.070 --> 00:14:7.290  If you haven't done so, you already know what to do and won all the major podcasting platforms, including Apple's iTunes Spotify, Google play Stitch your radio tune in. 00:14:7.340 --> 00:14:12.310  So whichever podcasting community you're active on, please help support the show.

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Well, that's gonna conclude today's show.

As always, I appreciate you tuning in and journeying along with me as we take this crypto rocket ship to the moon. 00:14:48.900 --> 00:15:1.290  If you gain value out of today's show, be sure to smash that subscribe and and click that bell icon to receive notifications of the latest premium crypto news and real quick before I go. 00:15:1.320 --> 00:15:3.920  Ticket worries five coins to five million. 00:15:3.940 --> 00:15:10.780  The Final Five live Cryptocurrency event is going down March 18th at 8 p.m. Eastern.

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