Name: IS THIS REALLY HAPPENING?? BITCOIN IS HOURS AWAY FROM THIS MOVE | MAKE OR BREAK - URGENT
Uploaded: 2020-03-13T02:30:33.000Z
Duration: 10 min 4 s
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Hide your toes because I'm under the bed.

Guys, welcome back to his exciting update The very last time that the 21 week moving average met exactly with the bottom of this trend Line right here was back at the beginning of 2019 and what we saw immediately after was an extremely large pump over $1000 in a single daily candle.

It has not been broken, save for a few weeks and some candles closing, but immediately going back above that will Bitcoin hold here.

And if it doesn't, what could happen to the market?

Aside from holding right at the 21 week and 50 week simple moving average, we also have Bitcoin here trying to bounce above this 50 day moving averages.

Well, Bitcoin, currently in the no man's own trying to form some sort of a pattern.

In fact, yesterday's pattern played out perfectly and did break out to the target.

But you do see this 50 moving average coming down to find a little resistance there.

But it's also being squeezed in between this 21 moving average here.

And here is a perfect illustration on the weekly chart.

Again, the 50 and 21 moving averages on this weekly chart coinciding perfectly here.

If Bitcoin is able to find resistance and get a bounce to at least the target that we talked about, it's needing to break that $9200.

Then, boys, maybe we're in for some sunshine.

So, guys, turn off those dirty videos, clean your socks, and let's get in to this video.

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We have so many things to get into big guys.

If you knew the channel, we're doing this giveaway.

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All you have to do is come in on this video has make sure little extra term post indications ding that bell and we will actually give that ledger away in the next video is Well, today is the first day that we launched this new project.

There's so many things that were going to do with this.

If you want more information, just hit the link in the comments or the link in the description.

And because it is the first day we're doing an emergency 55% off if you use the code hot dog, and that will be for the 1st 20 people that sign up.

So the 1st 20 people input the code hot dog and you'll get 55% off.

So guys really jumping into this chart, we can take a look at this falling wedge that we saw break out yesterday.

Okay, so yesterday when I was making the video, it was very earlier, similar to this time, a little bit earlier, actually, and they were right about here in the breakdown.

We actually did attain kind of break out target for this small pattern on the four hour chart.

But you do see we run into some a bit of a slow down here at the 50 moving average right here.

You can see it wit right to hear, and that's kind of getting squeezed in between both these guys, But this was able to bring Bitcoin back above this 21 moving average here on the four hour.

As for right now, if we look at this chart, it looks like some very much sideways consolidation, if you notice.

You know, you look on this chart over the past few weeks and months, you notice we don't really spend a lot of time doing something like this.

We are going to see a move one way or the other.

But guys, because we actually take a look out.

And really look where we're at on this chart, it's pretty critical.

Okay, we basically have Thio find some support and move up from here, even if it's only short term, even if we're gonna continue down, okay?

For this to remain healthy for right now again, we need to get a bounce here.

We have the 200 day moving average right here.

It temporarily tried to find support bounced, and now we're currently just really trying to that better illustrate that?

Ah, And again, if we go to the daily, you can see this same moving average is right here.

But if we go to the weekly, you see that the 50 weekly moving average and the 21 weekly moving average are right here also exactly where this line is.

So basically, what needs to happen is Bitcoin needs to get a move up over the next few days and really cement this.

It could trade sideways for a little bit, but it basically needs to go up.

Otherwise, this is going into very fishy territory and is what we do have to take a look at these markets.

We have to see how today plays out for these markets, cause again they could have a big impact on how this moves.

But for right now, Bitcoin basically needs needs to perform pretty nicely here because we're in a very, very tight spot.

Okay, We had a massive weekly candle from 10,000 were over $1500 last week.

Okay, Now it's not similar to this drop in the sense that this was this this drop is actually caused by breaking through that 21 week moving average.

Okay, so this was a descending triangle right here.

And when we broke through that when we actually broke through that 21 week moving average right as we broke that you guys can see, we went from 9800 all the way down to 7700 in a single week.

And you notice even after this insanely large dump, there was a pretty big pump back up.

We had a really large dump here after, I mean, I was prolonged.

And eventually we did get another pump backup.

S o to see another similar dump that size.

Also, this would destroy market structure if it did do that.

Now we do have to talk about this 200 moving average here on the weekly.

Okay, so this is where it really bottomed out.

That $3000 level back at the end of 2018.

Now, one thing you notice is we didn't come straight down to this.

Once we actually broke through this 50 moving average and as well broke underneath this 21 week moving average, it took quite a long amount of time for us to go down to here.

It wouldn't make sense that we would come straight down to this level at all.

You know, if that would happen, I would have to play out over a very long period of time.

Most likely there's so much resistance and support.

So much support underneath us here if we actually zoom out again, Guys, look at this chart going back the last two years, actually, critically.

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IS THIS REALLY HAPPENING?? BITCOIN IS HOURS AWAY FROM THIS MOVE | MAKE OR BREAK - URGENT

massive

scenario

extremely

critical