what’s going on guys Patrick here
bringing you a brand new videotape we
got another kill video for you guys full
of information today we’re gonna be
talking about what the heck bitcoin is
doing on the charts where I’ll be
talking about a global banking giant
being bullish on XRP most tons of other
news that went on in the cryptocurrency
space but guys before we get start with
that if you’re interested making money
trading crypto currencies make sure you
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description or the first link in the
comments for the crypto currency trade
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happen in just a few days not bad right
now I’m gonna move my head let’s jump
into some Bitcoin technical analysis
alright guys we are back now I’m zoomed
out a little bit more than I usually am
and the reason for that as you can tell
I have a dotted line drawn at roughly
$8,500 now the reason I wanted to draw
this line is because I see a lot of
people start already entering Long’s
here for Bitcoin to shoot up now you
might be successful but look at what
happened on bitcoins hourly chart this
is the hourly chart I don’t usually go
to the hourly chart look at the wick
that came in now a lot of people myself
included were any long position a
shorter term long position not waiting
for a breakout short term long position
that hit stop-loss with this gigantic
wick was a manipulation who knows
exactly right I do know there is a lot
of manipulation that goes on in this
market but I wanted to highlight that
this wick right here wiped out a lot of
people’s positions when they had a
stop-loss is set and things like this
happen a lot in crypto so people who are
already bullish on breaking out here I
personally and I recommend waiting for a
confirmed breakout if you want to play
it safe you want to play a high risk and
then by all means do whatever way you
want but if you want to play it safe
for a confirmation I talk more about
this in every single video previous to
this basically so I don’t want to go
through it too much again though if we
do you know wait for the confirm break
of this line over here the resistance
then watch for our higher levels of
roughly ten thousand eight hundred
eleven thousand dollars break above that
and I think we’re good to go
I think bitcoins going up to 12,000
13,000 and it could be a very very
profitable trade but until we have that
break Bitcoin is still in this triangle
and it hasn’t had any form of
confirmation as of yet Bitcoin actually
to me looks a little more bearish at the
time of recording this video and all
that might change looks a little more
bearish for the week than bullish and
that’s why I highlighted this down
target right here $8,500 if we break
below this level I’m going to be
watching for Bitcoin again not jumping
in too early but if we do break below
this resistance of this support that we
have right here
I do believe Bitcoin has a good chance
of dropping down to the high eight
thousands maybe even to $8,500
don’t be the bearer of bad news I just
want to make sure everyone is realistic
in the approach and knows both sides I
saw a great quote that said that
predictions are for egos and I could not
agree more
with that statement Bitcoin and
predictions are for egos because no one
really knows what’s going on in the
market it is best to have both case
scenarios in the short-term you can be
trading obviously in areas like this I
told you guys we’ve been scooping up
under we’ve been entering long selling
higher entering short it’s been working
very very well all that is fine but if
you are waiting for a bigger move in
more midterm or long-term move wait for
confirmation wait for an actual clear
sign that that’s the direction we are
going before you enter any position just
to be safe because you could enter along
here and Bitcoin might go boom and then
bounce straight off which is not
something that would shock me if we do
come down in the next week or so and
then shoot right back up after that keep
that in mind
just wanted to share that with you guys
give you guys a little bit of a
realistic approach but let’s enough
talking about bearish news let’s talk
about some bullish news we actually have
a lot of bullish things coming out one
of them is Bitcoin is still the best
performing asset in history and this
stock to flow model which I want to
share with you guys has been very
accurate this is from Plan B on Twitter
it’s been very accurate before it is a
model based off of a based off an
equation that is calculating the price
of Bitcoin and where exactly the
trajectory that it’s heading in now for
this to remain accurate and Bitcoin has
to be over $100,000 or has to hit
100,000 keep in mind look how accurate
it’s been until now right for this to
continue to be accurate $100,000 before
the year 2022 so by December 2021 again
that is two years out but for the gains
that are plugged potentially there it’s
not bad at all I’m sure you guys would
agree we can SH we should be having a
$100,000 Bitcoin before the Year 2022
now I want to know your guys have
thoughts on that following this mod you
guys can read more about how the model
equation is calculated and go to his
twitter getting full credit to him for
having use this a long time ago we’ve
been using this for several several
years and it’s been accurate until now
it’s not a guarantee if you said it’s
not a guarantee it is simply a potential
outcome it’s simply a prediction no
guarantee whatsoever but let me know
your guys thoughts of a $100,000 Bitcoin
before the year 2021 or before the year
leave that in the comments down below
right now I’d love to know what you guys
think looking at the overall market
though really quick just over a two
hundred and sixty two billion dollar
mark at Bitcoin dominance starting to
steady off a little bit again bitcoins
down 0.84% in the last 24 hours
but if we saw the wick that I showed you
guys that happened right Bitcoin dropped
a significant amount and shot right back
up buyers bottom right back up you know
manipulation whatever it is you want to
call it there’s a bit of both in the
market at all times there’s if you
believe there’s no manipulation you’re
kind of delusional in this market but
also of course there are tons of buyers
so keep that in mind it’s always a good
mix of both biggest gainer of the day no
clue who this is but energy stay tuned
when we talk about energy towards the
end of the video eight point seven six
percent gain crip terraeum waves
Tasos up very a good amount as well and
then we’ve scrolled down you’ll see just
a little bit of green definitely more
red in the market xmax down eleven point
two three percent rain is down under ten
Aurora metaphor 0x after performing very
well is also down 7.28 percent now back
launched live they were live 802 p.m.
Eastern Time was the first back to
bitcoins future trade that was executed
so again a positive start for back for
everyone who’s been waiting for that to
happen congratulations
it’s finally here in terms of a direct
effect on the price if anything it just
caused a huge wick to the downside on
the hourly chart and that was it one
huge wake other than that prices being
relatively steady not sure about time
you’re watching this video I recorded
this three hours early because I’m busy
towards the time that would regularly
look to record this video so hopefully
not too much this change and the
information is still valid but that is
really cool to see obviously for
everyone who’s been waiting for back
they launched with 18 BTC traded in the
first few hours by now it is
significantly higher might be almost
double that I believe but don’t quote me
on that it’s going to continue to grow
obviously as we go on and more in terms
of bullish news this is a little bit
more of a conservative prediction I
believe to counter our $100,000 but they
could both be true now this from Willie
rule on Twitter a cheat sheet map of
where we are in this bull market
according to on chain metrics now these
are both using you know mathematical
equations this is using the on chain
metrics mathematical equation is what
you know Wall Street uses for its BOTS
it’s all these type of it’s all math
basically right it’s all math and
obviously artificial intelligence comes
in as well but that’s a lot more fancy
you know we’re closing up and we’re
closing up the opening act of the bull
market and awaiting the middle bull
market to commence to give you guys an
idea what exactly it’s looking at we are
in this range where it traded relatively
sideways but you’ll notice there were
dips that came in there were dips that
came in at this level and that could tie
in perfectly with what I was telling you
guys before of us potentially seeing a
dip from Bitcoin down to maybe the high
8000 not saying it’s gonna happen I’m
not entering a short until we see a
confirmation because it’s a very very
risky it’s a very very risky potential
outcome I just want to highlight the
possibility now again from this chart we
should be seeing by December this year
December 2019 a $20,000 Bitcoin moving
on from there into early next year
getting towards the having we should be
seeing a 25 to 30 to 30
$5,000 Bitcoin now this again is leading
up to the having the next prediction we
talked about the 100,000 when we talked
about before was by the before the Year
2022 so in theory we could have all of
this happen but you’ll notice where we
are in the Bulls cycle again according
to on chain metrics and you can see what
happened after that there were still
dips in the market keep that in mind
it’s not just one straight shoot with
one straight shot up to the moon right
that’s not exactly how it worked but you
can tell that after this after this
period usually what happens is we have a
nice little rally to hit new all-time
highs and that’s something I’m very very
excited for now a global banking giant
said that XRP ledger is a potential
game-changer this is a newly discovered
institutional grade report from banking
giant hsbc they’ve labeled XRP ledger as
a potential game-changer that could help
cut across corporate boundaries and
existing market structures the exact
quote was DLT can streamline end-to-end
term value transfer reducing costs
operational risk and settlement periods
for example ripples XRP ledger provides
real-time cross-border settlements using
tokens that represent central bank
currencies pretty good news for XRP if I
may say so myself course this is talking
about the XRP ledger everybody has a
different opinion on Ripple I hold some
ripples so naturally I am excited when
good news and big people talk about it
you don’t hold Ripple then you probably
don’t care unless you’re one of those
people that just likes to dislike what
other people have and what you don’t
have we got plenty of those in the world
too so it’s a little bit you know we got
a wide diversity of people in the
cryptocurrency space but that’s good
news for XRP right there want to catch
you guys up on some XRP a bullish news
all right guys so thank you to all of
you who have stayed all the way until
this point in the video we actually have
a sponsor before we do the giveaway that
I want to mention really quick now this
is energy or the ticker symbol and RG
this a cryptocurrency ranked number 67
on coin mark cap with a market cap of
just under 88 million dollars so it’s a
lot bigger than some of the ones you
guys might have been used to seeing and
that’s one of the reasons I’m very
excited to share some with you so bear
with me if you can see by the price
currently they’re up at just under 9
percent of 8.75% today so it’s a great
to be making a video about this
cryptocurrency currently set at three
dollars and seventy eight cents and as
you can tell from when it got started
from the you know the return on
investment from the beginning is already
up a good amount so if you got into this
one early if you heard about them before
I’ve heard about them for some time then
congratulations you’re up a good amount
if not and you’re interested in picking
some up you can actually get some on
coin exchange and get some on cool coin
or you can get some on digi Phenix now
digi Phenix is the most volume I’m not
as familiar with this exchange obviously
I’m a lot more familiar with cool coin
they have over a hundred thousand
dollars in twenty four-hour volume there
so not bad I would stick to these two as
everything else is really low in terms
of volume in the 24 hours of time period
and it’s not very good for liquidity so
if you’re looking a picks them up or
even if you’re looking to sell some
definitely would stick to these top two
and the BTC pairing available for those
they have this theory for coup point but
again like I said not worth it very very
low liquidity right guys so moving on to
their website really simply their goal
is to be the world’s leading
cryptocurrency with a unification of
smart contracts governance and self
funding Treasury to ensure longevity and
enable rapid growth you guys want to
check out this video I thought it was
really cool make sure you do go ahead
and check that out it’s two minutes long
though so I don’t want to bore you with
the video in this clip now exactly what
they are like I said they’re scalable
there’s self funding cryptocurrency they
want to become the world’s leading
cryptocurrency they are a coin not a
token they’ve had no IC o—- and
they’ve had no pre mine instead what
they decided to do is dispersed NRG
coins to people in the community through
earned job so that’s something really
cool as well
they’ve been live since April 2018 and
they are planning in q4 they’re going to
transition to a smart contract platform
that is q4 2019 so it’s coming up very
shortly so that’s definitely something
to look forward to as well if you are an
investor now recently they’ve also
transitioned from proof of work to proof
of stake that happened in February 20
1962 happens then they got listed on Koo
coin which we talked about on the
exchanges if you look at their road map
everything they’ve been able to do from
now like I said they launched April 2018
but that wasn’t where the project
started they obviously had to implement
things they had to get started with
things a lot in advance you can see ever
since q3 20s
17 they have on the RoMac this is
everything that’s completed this is
where we are right now they have energy
a 3.0 coming out and several other
things coming out in 2019 even 2020 and
then they have stuff going on after the
coming years energy seeks to retain
thousands of full-time contributors and
function as a powerful global
organization unlike anything seen in the
cryptocurrency space energy will
continue to expand marketing efforts
development and ease of use to rapidly
increase demand and adoption so again
that’s the road map coming up they also
want to fill out the team put the right
people in the right place which is
obviously something very very important
when it comes to their team right now
they do have a strong team if you guys
go look at the video they have a strong
team in terms of development marketing
everything that’s going on so far and a
good team for leadership but they are
still trying to fill out all the areas
find the best people to put in the right
places which of course is 99% of what
makes a project successful is the team
and the people involved so it’s
definitely gonna be interesting to keep
up with that and see what exactly they
have going on and how their team looks
and continues to grow in the near future
now one thing they really want to
highlight as well is their treasury
system their treasury system according
to them is these strongest out there in
the crypto community and I’m gonna throw
up a graphic that they have made and
they sent over for us to compare theirs
versus some of the other ones let’s say
– for example now the overall philosophy
is that every dollar we invested into
the system will yield much more than a
dollar of value back when invested
appropriately with developers the best
marketing efforts and other expenditures
that expand our reach their overall goal
with the Treasury is to have a system in
place to help protect their user base
from scammers and hackers that think
that’s really cool cuz as you can tell
the crypto space especially with newer
projects that is a big issue and a lot
of people still to this day are falling
to a lot of scams and something that I
absolutely hate to see so I am glad to
see them fighting against that and I
hope that continues to work out in their
favor and last thing but not least what
I always love to do check the crypto
stats they have thirty one point five
thousand followers on Twitter with some
pretty solid engagement compared to some
of the other cryptocurrency projects
we’ve seen they definitely have a lot
more engagement than we’ve seen
elsewhere so that’s really cool to see
you guys hopefully you did enjoyed this
little clip hopefully you did enjoy our
sponsorship and now let’s run into the
giveaway let’s see
who wins in the giveaway for the free
one on one call with myself let’s take a
look at the winner the winner david
johnson keep buying naturally I’ve seen
David say he’s been buying for a long
long time so at this point I expect you
got a lot of crypto I know you’re also
next RP fence so a great tie-in there
with the XR P bullish news and you
winning the giveaway but guys thank you
so much for watching I’ll see you guys
on Wednesday for another video