what’s going on guys Patrick here
bringing you a brand new video today we
got another killer video if you guys
full of information today we’re gonna be
talking about bitcoins breakout is it
gonna be to the upside or the downside
we’re also gonna be talking about a five
hundred percent profit trade XRP as well
as tons of other news that went on in
the cryptocurrency space but guys before
we get start with that we do a giveaway
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subscribe to the channel also before we
jump in some technical analysis I’ve
launched version 2 of the cryptocurrency
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guys are interested in making money
trading crypto currencies make sure you
check out the first link in the
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that out now I’m gonna move my head and
let’s jump into some technical analysis
alright guys welcome back as you can
tell I’m back in New York so videos and
uploads should be a lot more regular
right now than they were before where
we’re currently sitting at in terms of
Bitcoin have the X BT USD chart because
this is the bit mix chart that came out
since the last time we talked well what
I mentioned the last video pretty much
happened to perfection we had that
bounce up to touch our resistance over
here and from there we started having
this downward move so if you were able
to catch then you were able to enter
short at this range then congratulations
and speaking of shorts that’s what I
wanted to share with you guys have been
working on strategies for the trade
alert group where we use higher
leverages for some shorter term trades
for some scalps and one of the test ones
that I had was actually pretty much this
whole candlestick down I used cross
leveraged was pretty much a hundred X
leverage and I made over five hundred
percent profit holding that trade over
night so that was pretty insane I’m
gonna throw up some screenshots that you
guys can see one of them’s 120% I forgot
to take a screenshot of the five hundred
percent one because it was overnight and
I was excited when I woke up but here’s
a one hundred percent probably one for
you guys to take a look at that happen
on some other trades
now why we’ve been shorting why I’ve
been shorting during this time this is
important we’ve noticed a trend has
actually chained we’ve had a change in
the trend happening ever since this huge
candle came in so before this we were
making higher highs we were having those
bounces we’re making higher highs we
bounced off of our support down here
moved on up to the resistance and from
there we could see this whole thing was
a very bullish short-term mover on the
hourly chart this was from the 28th of
August 29th of August all the way to the
6th of September so it is a shorter term
timeframe we are looking at and from
here we’re making higher highs like I
said we’re making higher lows and that
was overall a bullish trend now what
happened from there as we had the bounce
off the resistance this huge sell-off
red candle came in and from there we’ve
been making lower highs as we go and
we’ve been making lower lows as well as
you guys can tell we’ve been making
lower lows as well and that is a bearish
sign that is bearish momentum so in the
short term here and of course we’re
talking about the short term first
before we zoom out into the long button
to the bigger picture right the longer
term in the short term this is easier to
catch shorts because we are in a short
term bearish trend so every time we have
a bounce up off of a support right
Bitcoin loves to do it we bounce a
little bit we go up you can enter a
short here and make some significant
profits on the way down same thing can
be said again it bounced back up and
right back down you’ll actually be able
to tell this line perfectly drawn well
something I signaled as an entry for a
long so what happened we bounced off of
the support and we went straight back up
if you calculate that over here it was
roughly 2.8 percent so again to use
cross leverage you could have made over
200% on that trade it is high high risk
but of course if you know what you’re
doing if you apply risk management it
can be very very rewarding so that’s
pretty much what we’ve been doing in the
last week it’s been a lot of fun weekend
we’ve had the bearish momentum
I believe the bearish momentum is going
to continue at least until the lower
target would be
hit the 9350 range to 9400 somewhere in
this area where we would bounce off of
that support do we need to see that
no first things first obviously we
caught the first target which was the
9800 range to 9850 you guys will see why
it’s drawn over here you’ll see the
bounce off of here and from now we wait
to catch another entry if it is all the
way up at ten thousand three hundred to
ten thousand three hundred and fifty for
a short that might be something really
interesting as well but for now it’s
important for us to play these
short-term bearish trend which is where
we’re at right now and make sure we keep
that in mind now if we zoom out and we
go to the daily this is important of
course because we want to make sure we
know the long at the big picture thing
as well so we had bullish momentum all
the way up over here
what happened was we entered this
triangle which is a bearish pattern and
usually breaks to the downside of course
it can happen both ways but as of right
now again very similar what we’ve seen
we’ve just been bouncing from the tops
to the bottoms we’ve seen these bounces
that’s what bitcoins been doing so we
can safely assume again that when we
bounced off here we were going to be
going back down it was nothing crazy
that took very little skill and insight
to know that that was going to happen
but now we await more of a breakup so
that’s what the long term is looking at
right now we are waiting for more of a
breakout if we do break to the upside
then we could definitely be aiming that
$14,000 price target which i think would
make a lot of people very happy if they
are holding Bitcoin however if this
trend does get closer and this is we’re
talking early October to early November
so it’s a very very short-term thing and
something that’s going to be happening
you know we’re looking at the long term
something’s going to be happening
relatively soon in the next few weeks
slash maybe one to two months is when we
should be seeing this breakout happen
and if it breaks to the downside first
things first I’m looking at obviously
you guys saw the first highlight it’s
almost nine thousand eight hundred
dollar range next would be the nine
thousand three hundred to nine thousand
four hundred and a break below that
could bring us down to the high eight
thousands with the lowest I see Bitcoin
going roughly around eight thousand
maybe a high seven thousands would be a
view worst-case scenario in my opinion
for the Bitcoin price movement so it’s
important I’m going to keep you guys
updated with everything that’s going on
to impor
first to say updated with everything
that’s going on there’s a lot of
movement right now there’s a lot of
opportunity although a lot of people are
looking this looking at this as sideways
movement there is still a lot of
opportunity if you know what you’re
doing if you get in at the right times
and the most important thing when it
comes to getting in at the right times
is you know more important than you take
profits anything is your stop losses and
your entries right I said I try to set
entries early I have an entry set for
example at ten thousand three hundred to
ten thousand three hundred fifty dollars
for a short in case we do end up going
there that way the entry gets filled in
that to me is a comfortable spot where
I’m comfortable making an entry but
enough about that moving on talking
about all coins cuz I know a lot of you
guys I get a lot of questions all the
time asking about how all coins are
doing when we can expect an all coin
season well things are looking a little
bit better than they were before not
great but they’re looking a little bit
better if you look at the last week all
coins have actually performed very well
we’ve had some significant pumps and
some all coins some of them come from
pump and dump reasons but some of them
are also seeing some strong fundamentals
commit and we’re starting to see price
move up now we have strong resistance as
I have highlighted for the Bitcoin
dominance at 72 to 73 percent that’s
what you guys are seeing right here and
the first time we touched that was back
here we had a wick that came in touch
rejected got back down to roughly the
high 70% and we went again and tried to
break out again this is on the weekly
chart and we were not able to do so
again another long week no clothes above
this area and now we open the new weekly
candle not too long ago and it looks
like an indecision candle right now very
small body small wicks as well but a
very small body
it hasn’t been able to break that 72
percent mark the 72 to 73 percent mark
if it does break obviously that’s going
to be bad for all coins all coins are
going to suffer more do I think all
coins are dead by no means so I think
all coins are dead both with leverage
and without leverage you can still make
a lot of money if you know what you’re
doing and if you are patient but this
resistance has been going on all the way
since back here
since you know mid 2017 so it does make
sense this is is um that this is a
stronger resistance that we’re facing
right now again it doesn’t mean we can’t
break above it if we do have a confirmed
break above it it’s going to be bad for
all coins we can see big diamonds get up
seventy-five percent some people are
even targeting eighty percent by all
means we know how cryptocurrency is it’s
wild it does what it wants so it’s
possible but I would like to see from
here at least a little bit of
consolidation for bitcoins elements so
all coins can start to pick up and start
to move more than what we’re seeing them
move already this last week was great
but I think a lot of us especially you
know a lot of guys watch this probably
are holding all coins and you guys want
to see all coins start to move now if
you look at coin market gap Bitcoin is
down 2.1 9% to 2.2 percent in the last
24 hours again a bearish overall trend
you’ll see the last week what happened
that huge jump up to touch that
resistance and from there it’s just been
on a downward slope again it didn’t take
a lot to realize that’s what’s going to
happen we have a two hundred and fifty
seven billion dollar mark koep and the
biggest Gator of the day Metaverse ETP
bite coin next so read if you actually
look at one called a BBC I believe in
the last 24 hours is going to be down
somewhere here but it had a huge
explosion to upside that a lot of us
were able to catch but yeah definitely a
more read day than Green Day in the
market we can already assume that
happens only a handful of crypto
currencies in the Green like I said
maneuvers ETP of the most and GX chain
is down at over 18% loss a BBC over 12
percent loss energy over 11 percent loss
and so on you guys get the idea but it’s
not all bad because we’ve actually had a
record high of accounts with over 10
Bitcoin what does that mean it means
that the people with a lot of money the
people with you know more money I’d say
10 Bitcoin is a pretty good amount of
Bitcoin if you look at the amount of
people to actually hold that it’s a very
very small amount six hundred and
nineteen thousand people have an account
between one to ten Bitcoin obviously
there’s a few with more but overall this
is not a big number when you compare it
to everything else and how much you know
how many people there are in the world
it’s a very very small number but the
people in the range of 10 Bitcoin plus
we’ve actually had a record high so what
does that mean it means people with a
lot of money people with over ten
Bitcoin are using this time to
accumulate more bitcoins either that or
they’re taking accounts to have a
thousand and splitting them up into
several wallets of ten that’s possible
as well but more likely I think a lot of
people are starting to a
well a Bitcoin and get to over ten
Bitcoin which I think if you factor in
how many Bitcoin there are and if you
think it’s going to continue to grow and
continue to get more and more adoption
ten Bitcoin could be worth a lot more in
the future especially if we see people’s
price prediction come true of a hundred
thousand dollars
1 million dollars even ten Bitcoin will
be tell me in 10 million dollars that’s
absolutely not bad but the key takeaway
from this was that smart money people
with a lot of money I’d say not
necessarily smart but people with a lot
of money that usually got a lot of money
for a reason they’re using this time to
accumulate more and more Bitcoin but I
think that is bullish even if we break
to the downside we see Bitcoin price job
I think those people are going to
continue to accumulate more and more and
therefore if everything plays out the
way I assume you and I want to which is
prices go up they will be making a lot
of money now brave browser actually top
japanese browser market and became the
most downloaded browser on the japanese
google store so that’s very good news
again for basic attention to looking for
the brave browser getting more and more
adoption a good altcoin basic attention
soak in my opinion i hold it I’ve been
holding it for awhile I think it’s very
very good and moving on XRP is well XRP
holders kid now or an interest for
holding XRP tokens on the Biman’s
lending platform some good news if X RP
is moving relatively soul to last I
think it’s going to have a big end of
2018 to start a 2020 I think there’s
still a lot of movement to come for x RP
even while it’s been in this
accumulation stage after all this I do
still think we have a lot of room to go
up but if you want to earn some interest
for holding it you can do so Honda
finance lending a platform just a little
bit of update for you guys the most
important part of this video was that
one we’re getting regular we’re getting
regular uploads back into technical
analysis wise things are looking very
very interesting and Bitcoin still has a
lot of opportunity in the next few weeks
now we’re going to jump into the
giveaway it’s Wednesday so we’re doing a
free one on one call with me and make
sure you guys tune in on Friday because
I guarantee you I’m going to be
uploading not guarantee you we’re going
to be doing a crypto giveaway on Friday
so make sure you are subscribed make
sure you are leaving tons of comments on
this video and you are giving this video
thumbs up so you can enter a chance to
win well let’s see who wins the free
one-on-one coil of talking to a bunch of
guys on these calls they can’t wait to
do another one all right so we had to go
through a spam bot that did come in as
the winner so we had to pick again the
winner John Arno I see oh hype no
aetherium price rise and the death cross
isn’t looking that well long term he’s
bullish on a theory and short term not
this came after I asked what everyone’s
thought on aetherium was and thank you
John for your response
honestly I agree I think the I think the
ico hype inflated the price of a theorem
it’s going to take a lot for it to get
back up there long term obviously we can
be more bullish short term it’s
important to play the price range it did
go very low so right now it’s
stabilizing a little bit but yeah
getting back to the all-time highs it’s
going to take a lot if we don’t have
another ICO hype round which I think
we’re probably not going to because a
lot of people I’m think aren’t fans of
ICL’s in this space anymore but guys
thank you so much for watching I’ll see
you guys on Friday for another video