A HUGE BITCOIN DANGER SIGNAL IS FLASHING...

[00:00:00]Bitcoin has seen another significant drop towards the downside and I found the exact reason why this is happening because S E R C the dividend company from Michael Saylor who accumulated over 10 billion dollars worth of Bitcoin is right now seeing a major deep back and actually this has been the largest deep back ever so far and since this we've seen a big sell off on MicroStrategy since this we've seen a big sell off on Bitcoin and on today's update video I will be exactly explained what this will mean for Bitcoin why we were right to be once again sell in May and walk away and what the expectations are right now for the remaining of this year and there will be obviously a lot more to be discussed so don't forget to once again watch this video till the end because because it will be packed with a lot of information because Bitcoin is right now seeing a big liquidity cluster being built up below us so a lot to discuss so don't forget to straight away slap all that like button back above 800 likes it will be highly appreciated and let me jump straight away in today's update video and first of all I want to be mentioning here people usually wait for the perfect Bitcoin to be emerging and for me on my spot holdings I am already starting to do a daily DCA and of course Bitcoin is now sitting still already more than 50% below its ultimate high and in my opinion of course it's going to be very difficult to exactly predict the bear market bottom I will be trying to do so with my Bitcoin long position I'm going to be opening up here with leverage but for my spot positions I will be just doing daily DCA so I will get a good average entry price and for me I set the rule that I will only accumulate below clearly in my accumulation range and in my opinion it is not a bad time at all to accumulate despite the fact I still think Bitcoin is most likely still going to come lower of course me either I cannot look into the future so of course I am never going to know whenever I'm going to be right or wrong, but of course, this is where I want to be risking more money to accumulate because I think the R to R is going to be even better. But, there is obviously a possibility that Bitcoin is not even going to retest this level, and we're going to be missing out on this entry completely, but then at least I've got my spot orders filled up here. And since leverage is always much more risky because you can also lose it, I only want to enter on the best average accumulation price. And that is why I still want to say most people wait for the perfect Bitcoin bottom here, but in my opinion, it's better to buy in a certain window than on an exact certain level. Of course, if you are playing with spot money, then of course, I want to quickly explain the reason why Bitcoin yesterday saw another big shunt towards the downside. And in my opinion, we could be looking of course at this bear flag pattern Bitcoin is still creating. It is obviously currently breaking down here, but also if we're looking at one of the companies from MicroStrategy, which is STRC, this is a company that is buying Bitcoin and therefore rewarding dividends. And they're giving out approximately 11% of dividends. And if we're looking at the total market cap of STRC right now here, they are accumulated They accumulated already 123,000 Bitcoins, and of course, these Bitcoins after that go to MSTR here. So, they accumulated 123,000 Bitcoin, and if they want to defend the back price, they potentially have to sell some of these Bitcoins off here.

[00:03:23]So, this is of course one of the reasons because the back has been significantly dropping, and people are now afraid that he needs to sell off more Bitcoin, MicroStrategy, to of course defend the back price. And that is why Bitcoin has seen another shunt towards the downside.

[00:03:39]And if STRC remains to be de-backed for a longer period of time here, we could be expecting Bitcoin is going to drop lower here because people are going to be expecting MicroStrategy is going to be selling, and of course, the last time they sold, Bitcoin did sold a big move towards the downside. So people are afraid for that and obviously if Bitcoin were to be coming down, I will be taking this opportunity with both hands there because ultimately if I'm looking at Bitcoin, I am currently thinking that yes, if you look at the structure, I do think at least we're going to be taking out this low here. But ultimately on the 5-day time frame, I think Bitcoin is going to come to either of these regions right here where most of the liquidity in this zone is of course laying here.

[00:04:19]So I am personally expecting Bitcoin is still most likely going to come down to about $47 to $48,000 as worst-case scenario and to $55,000 as my base case scenario where of course major support from the previous region is laying here.

[00:04:33]So >> [cough] >> So for me, that obviously will be giving me the opportunity to open up my big Bitcoin long position and also if we were to go there, I will be of course continuing to do my daily dollar cost averaging for my Bitcoin spot positions.

[00:04:47]But if it were to come there, I'm going to be building up a long trade here and I want to be mentioning of course first of all, I shorted Bitcoin from the exact top right here and closed it on the exact bottom as well on $60,000 on Bitcoin and now I've said that of course having no position is also a position because we're waiting on the sidelines to be getting entered.

[00:05:07]But if you want to be participating in my next trade here on Bitcoin, you can exactly do so. You can either of course just look at my orders and copy them in my Discord community because that is where I share all my orders in exact details and give updates on my trades here. But also in this Discord community, uh you can copy my exact trades here just like my short trade which made $1.2 million in profit. If you want to be doing so, first of all, you need to sign up an account to Weex using that first link below, guys. You will get also a 25% fee rebate if you sign up an account use that link below right now. And also on top of that, you will get a $30,000 deposit bonus. So it is of course already super valuable. You can claim your first $200 very easily.

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[00:07:18]because May the 4th has historically always uh marked a turning point in the market. Now, I have to admit, the date was a little bit off, right? Because if we're going to be uh looking back at May the 4th, May the 4th wasn't exactly the top. But for sure, this was May the 4th over here. It was particularly close to the top, right? So, of course, I didn't exactly call the top of the region, but approximately, I had it right because I also entered my short position on $82,000. That was of course on May the 5th here, so I was very close here with entering my short position exactly on the top here. But, yeah, this was obviously a very great trade here. But, just like all the previous times, guys, and this is what I shared to you with you guys out there in these videos. All these previous times, on the 1st of May, this was basically not the exact turning point, but almost close to the turning point in a bear market, right? That is where the big drops get accelerated. And I'm not telling you this right now, I already told you this. So, that is why I would obviously also recommend to just subscribe to the channel, because we're sharing a lot of very great information.

[00:08:19]And also, I'm going to be quite certain that we're going to be catching the Bitcoin bear market bottom again here with our upcoming trades here. And I mean, if I'm looking at the funding rates right now here at the on-chain data, of course, on the liquidity heat map, I'm seeing there's a lot of liquidity being built up around that $60,000 region. So, I think Bitcoin is ultimately going to grab this liquidity on the lower side. But, also, if we're going to be looking at, of course, the Bitcoin funding rates here, it is still quite neutral. So, this is not really helping me to project where Bitcoin is moving towards. Open interest is still moving down here. So, for me, there's not a clear direction where Bitcoin necessarily needs to go towards. But, of course, the liquidation heat map is trying to tell us that we're going to be grabbing that lower side liquidity right there here. So, for sure going to be watching that. Then still, the two-year yields are rising, and of course, we are expecting that interest rates are going to follow the two-year yields here. So, as that is going to be happening, we are of course seeing that still the expectations are of an interest rate hike are significantly increasing for the coming months here. But, I mentioned this already yesterday's video. In approximately 3 weeks from now on, we will be getting the next inflation data, and this is for sure going to be critical, especially as oil prices are right now dropping. I do think that, of course, inflation over the next 2 months could start to run down here. But, it is still not back to pre-war levels. So, we need to see oil prices dump a little bit lower before we could really say we're going to be going out of the woods here.

[00:09:40]So for sure going to be watching that next year. Of course Bitcoin bouncing from the two bouncing from the 200 weekly moving average right now. I will remain to be expecting that a Bitcoin is going to be finding the support for this Bitcoin bear market in between these red levels right here. So that is of course also exactly where I am betting with my leverage long position over here. This is just between the 200 weekly moving average and the 350 weekly moving average. So a very simple strategy but a very effective one for sure. And of course the moment we're going to be seeing more people being in a loss than in a profit I am going to go all in on Bitcoin because every single Bitcoin bear market bottom has been marked by by seeing more people being in a loss than actually in a profit. So whenever this signal's going to be happening, I'll be the one that is going to go massively long on Bitcoin. So this is it for me in today's update video. If you did enjoy this video, don't forget to subscribe to the channel. So put that like button and see you guys on the next one. Peace out.

[00:10:38]Goodbye.