Time Is Running Out

[00:00:00]this Bitcoin bounce which we are seeing now is going to be a big trap. That is what I think about this current bounce that we are seeing because the indicators and metrics are not looking all too good anymore for Bitcoin. So I just closed off 50% of my Bitcoin trades. So we'll need to talk about that exactly. We'll need to go talk about that shorter time frame for Bitcoin. how everybody is flipping back bullish again right now. We'll need to go over that exactly and we'll need to talk about that longer time frame for Bitcoin and crypto. So, as always, let's get started with that shorter time frame. And in a shorter time frame, yeah, initially speaking, Bitcoin has been looking very good and has been looking very bullish.

[00:00:46]We have been seeing this break to the upside. We are trading in a bullish month of July because we have been closing the month of June and May in the red and always whenever we have been doing that we have been seeing a bullish month of July right after. So I wouldn't be surprised to still see a bit of a bounce to the upside and to still see a bit of a relief to the upside. I wouldn't still still I wouldn't be surprised to see a bit of continuation to the upside. However, there's just going to be some big warning signals that we will need to discuss. And even though we will need to discuss these big warning signals, keep in mind that I am still long in the market, I do still think that there's going to be a pretty good potential chance that Bitcoin can be seen some continuation to the upside.

[00:01:31]And that is why I'm still long in the market. Now, I did take out half of my trade already, 50% of profits from my Bitcoin trade right over here. I put my stop loss in a profit or at break even, so I'm all good with this position. If we go down from here, well then it's all good. At least I already took out a bit of profits over here. But if we go up from here on, well then I will start to take more profits very aggressively.

[00:01:57]Now, one thing that I start to notice is that a lot of people are actually flipping back bullish again. People are really getting very bullish again. They really think that we might have bottomed out for this bare market and that we are about to enter an expansion phase in the market that this woff is about to play out. And while I do agree this whiteoff pattern is looking pretty beautiful and it is looking pretty good. One thing that I do not like is that while everybody is starting to have a look into these patterns and these indicators over here and this wolf pattern over here that people tend to have a look into. While people are having a look into this and while people are getting bullish right now, we can clearly see that the metrics are not looking that good because Bitcoin is going up but spot is selling off. And while this is happening, while Bitcoin is even like going up right now, we can also see that the funding rates they're also going up.

[00:02:58]So what this tells us is that this rally which we are seeing for Bitcoin now is clearly getting initiated and is clearly being driven by leverage futures positions by people opening up leverage positions and this is clearly getting indicated by everybody flipping back bullish again by the sentiment flipping back bullish again. That is what is happening right now. And because everybody is flipping back bullish again, we are seeing this bounce and we are seeing this relief rally to the upside. Now usually whenever everybody is opening up long positions and a rally is not being driven by spot positions by spot buying when majority of the liquidity is getting created on the downside and Bitcoin usually always tends to go to the place where the majority of the liquidity is sitting at and right now that liquidity is getting created on the downside. On top of that, in that longer time frame, it is still going to be inevitable to see another move to the downside, to see a major flush out in the market. If we're going to have a look into the cycle stuff, well, the cycle is telling us that that is bound to happen. That has been happening every single cycle. So, if we combine all of these things together, everybody flipping bullish right now, the metrics are starting to look very bad and very weak. On top of that, we are coming towards that end later end of the cycle where we have always seen a final flush out and a final shakeout in the market. Well, if we combine everything together, it does make a lot of sense that anytime soon we are about to reverse. We are about to pivot and we are about to shake everybody out. Now, keep in mind, I am not saying that we need to turn around right now at this exact current minute. I'm not saying that at all. I'm still even in a long position and I still even do think that Bitcoin can be seeing a bit more of continuation to the upside in that shorter time frame. One thing that I am saying is that eventually regardless whether we're going to see that push to the upside or not, I do still think that eventually this whole rally which we have been seeing right now again regardless if we're going to go higher or not. I do think that this rally is going to be a trap and I do think that inevitably Bitcoin is about to see another pivot to the downside and another continuation to the downside.

[00:05:18]That is the only thing that I will say and that is what I think about the market right now. Now, just like I've highlighted already and just like I've just shared in my platinum group which you can join for free. Uh not for free anymore but which you can join right now with the first link down below. Well, if you're going to be joining the platinum group, you can get all my trading updates in absolute real time, and I've just mentioned what I'm doing in the market right now, why I'm doing that, and what is going to be my next game plan. So, if you're interested in that, make sure to join the platinum group with that first link down below.

[00:05:50]However, anyways, yeah, if we're going to zoom out, it wouldn't still surprise me to see a bit more of a continuation to the upside, but ultimately see that push to the downside. And that last push to the downside, I think will be the final shake out, the final blowout in the market before then bottoming out for the cycle and then headed for another bull market again for the next cycle.

[00:06:09]Like I've said many times in my recent few videos, we've always been seeing a final shakeout. We have always been seeing a final blowout. And I do still think that that will be happening again during this cycle. And I am starting to prepare myself for that. I want to be aware. I want to keep my eyes wide open for when that happens because when that will happen, I'm not saying 100% it it needs to happen. It's just all probabilities, right? But I do think that the probability is going to be pretty high that we will see that final shakeout and final blowout in the market. But one thing that I'm saying is that I'm keeping my eyes wide open right now at this current moment. And when this will happen, I will be opening up some big long positions in the market, some leverage long positions just like we have been selling and uh shorting the exact local top right over here for Bitcoin. Buying during the exact bottom over here, opening up a long position during this bottom right over here. By the way, last time we have made a $210k US profit. Right now we're making a $25k profit with this position already closed out half just like I've said. So um I am going to be aware of the next position and whenever that next position is going to be arriving and whenever that opportunity is going to be coming towards us, I want to act and I want to open up my position. So getting very and very excited for that next position.

[00:07:31]Anyways, if you're interested in trading as well with that second link down below, you can uh claim a free $200 position. All you need to do is sign up an account with my second link down below. After signing up that account, download the app in your Apple or Play Store. Then sign in into sign in into your account that you've just created and then your position will be getting air dropped within about 24 hours. On top of that, if you do decide to deposit and trade a little bit on this exchange, you can be grabbing some even bigger deposit bonuses. So, that is very valuable to be checking out with that link down below. If you are interested in trading, make sure to do it. So, over on Yubid, check out this new exchange because it is great. Um, I like I like my own trading right now over on this exchange and you can be trying it out yourself as well for free with that link down below. Anyways, yeah, zooming out guys, one thing that I want to share is that even though I do still think that we're going to see that final shakeout, we're going to see that final blowout and for my leverage position, I want to wait for this opportunity so when it comes I can act on it. However, one thing that I want you to be aware of.

[00:08:36]Obviously, first of all, I'm not I'm never giving out financial advice. I'm just sharing what I'm doing myself, but I myself am already buying right now for the long term. Even though I'm waiting for my leverage long position, for my spot positions, and for my holder portfolio, I'm already buying right now because relatively speaking, we're getting pretty good chances to buy at this moment. Pretty good, relative good times to buy some Bitcoin at. And if we're actually going to have a look into the shorter time frame again, if we're going to circle everything around to that shorter time frame again, we can actually see that even though we are seeing a squeeze to the upside because of leverage long positions being opened up, well, majority of the market, they are actually still selling on spot Bitcoin. And you should always be doing the opposite of what the majority of the people are doing. And whenever the majority is actually selling right now, it might actually be a good time to start in looking into buying some long-term spot Bitcoin while we are trading at these pretty good relative good times to buy some Bitcoin at because we are 50% discounted from the alt highs. We're trading in the relatively cheap range. We're trading at the 200 weekly moving average. So this is not a bad time to start accumulating some Bitcoin at. We are entering that bottom phase in my personal opinion and I want to be dollar cost averaging into Bitcoin right now at this current moment. I want to buy as many Bitcoin as possible. That is going to be my goal [snorts] during this bare market so the next bull market I can be enjoying with this with these bitcoins. Anyways guys, with that being said, this was it for me in today's update video. If you did enjoy, make sure to like and subscribe.

[00:10:16]Check out all the links down below. And anyways guys, with that being said, I'll see you in another update video tomorrow