I have one Major concern..

Added: 2026-05-11

[00:00:00]I do have one major concern that I want to talk about in today's video. And in today's video, we're going to be breaking down Jasmi crypto and what's been going on and also Bitcoin. And I want to start with Bitcoin because the major concern that I have right now for Bitcoin is on the screen that you could see right here. And before I tell you the concern that I have, I do want you to understand that as we look at the stochastic right now, it is very oversold. I would say and could be rolling over here very soon. This is a weekly time frame. But what also could be happening is we could be right here in this situation where you could see that Bitcoin back in October of 2024 went from 68,000 and had a short-term top at 107,000 by the time we were in December. Okay, nice little move right here. You can see the stochastic is right here. Stochastic is right here. You could see the MACD crossed bullish blue line over the red right here which gave us this move. You could see we're bullish right here. The MACD has crossed blue line over the red which has given us this move right here.

[00:01:22]So let me tell you my concern and then let me tell you something about JASM me that no one's really talking about. So my concern is this guys. Right in this area when this happened, you could see that the volume picked up for Bitcoin. The volume was increasing.

[00:01:45]You could see here that the volume has been decreasing for Bitcoin, but we've been going up. This is a concern. If we want the next leg higher and we want to continue the momentum here, we need this volume to pick up. Again, this is a weekly time frame. So, we'll see where it ends this week. Believe this week just started or it's ending actually right now. Today's Sunday. So, again, we need this to pick up specifically. We need to get above the blue line. That would be preferred. You can see right here, we started getting above the blue line and that got us to the next leg higher. This is really my only concern right now for Bitcoin and crypto is the low volume. But again, let me know your thoughts out down below. What do you think about this and where do you think Bitcoin is going next when looking at everything you see here on the chart?

[00:02:37]The other thing you need to be aware of is the RSI is at 49, which is still very low. It's still very oversold. Looking at Bitcoin on a weekly time frame, you can see that Bitcoin recently has hit highs of over 80 multiple times and even over if we go back here, it hit highs of over 85. Okay, so right now being at 49, it's pretty oversold still. So, this still could be a good time to be in Bitcoin if you have a long-term mindset.

[00:03:09]But again, guys, this is a actual concern of mine, uh, the low volume. But again, I would love to hear your opinion down below. Let me know your thoughts on that. But the other thing about Bitcoin, and then we'll head over to JASME, is you could see right here, we broke out of this. So, every time it touched this blue line, it rejected, rejected, and then it finally broke. It broke above, came back down, retested it, and then launched off. You can see right here, we rejected, we rejected, and we broke out of it. And we did a back test just like we did over here. So, a lot of things are lining up pretty nicely for Bitcoin to have its next leg higher. Okay, but again, the volume needs to pick up. If the volume picks up, I would feel a lot better actually about the next move being much higher and breaking the all-time high right now. If the volume does not pick up, then we could pull back here and trade sideways for a lot longer or even go much lower. I know a lot of people are calling for 50 to 54,000. that would be the next support down here. Okay, so time will tell. But again, I would love to hear your thoughts on the volume for Bitcoin and what you think overall. Looking at JASM though, this does look very nice in my opinion. Of course, it's not financial advice. I'm not a financial adviser. I recommend you always do even more research after watching these videos.

[00:04:31]But you could see for Jasmi, it's doing the opposite. The volume is actually picking up. And I'll zoom in on this area in a second for you to see. Once we get volume like this, it's going to be amazing. Okay, there will be weeks, I believe, where Jasmi will run up 300%.

[00:04:47]If you just go back to this time right here, this move in about a month ran up over 400 to almost 500%.

[00:04:55]That can absolutely happen again if we get the volume. That's all that really matters right now is volume. Again, the good news is Jasmi's volume is picking up, but also you can see there's a huge gap of volume in this area. And the next shelf of volume is around 21, which would be about 2 pennies, let's say. So, this would be about a 200% move if we can continue the momentum. Obviously, the stoastic is looking great. If we look at the RSI also, it's at 49. It's very oversold. You can see Jasm typically on a weekly when it's really running at least goes up to 68. So I wouldn't be interested in selling Jasmi until a lot of things line up. Of course, if you want to know exactly when I plan to sell, if you want to know my entire crypto portfolio and all my moves, you can join us in the Patreon.

[00:05:44]We have over 1,200 members. There's a free option and a paid option.

[00:05:49]Obviously, the paid option gets you access to everything. But go ahead, click out the links down below, read it, and if it's fit for you, we would love to have you. So that's really my update right now for JASM and Bitcoin. Guys, the last thing I'll end this on is just showing you the volume. So you could see if we zoom in, the volume for JASM me looks very good.

[00:06:09]The last time we got above this blue line was right here. And we had another solid week of green. So you could see this week closed right here. And then we had a big move for JASM up another 49% the following week. Is that going to happen again? Time will tell. But again, like I said on yesterday's video, my sell indicator right here is an early warning sign that over the next two to four weeks, we could see even more of a move higher. But again, we want the volume to pick up. So, let's hope and pray that the volume picks up for Bitcoin and altcoins can follow. Have a good one.