BULL RUN OR TRAP? BITCOIN BTC PRICE PREDICTION, NEWS + CRYPTOCURRENCY, TECHNICAL ANALYSIS! BUY?


what is going on guys Patrick here
bringing you a brand new video today we
got another killer video for you guys
full of information before we get
started with all that though guys if you
do want to enter a chance to win some
free Bitcoin all you guys have to do is
number one be subscribed and have your
notifications turn on number two give a
thumbs up on the video if you guys enjoy
it and number three leave a comment down
below saying something related to the
video as well as leaving your Bitcoin
wallet address now I apologize if I
sound sick I am actually ridiculously
sick today umm I don’t know why the
markets green I should be healthy but no
unfortunately we’re sick so let’s just
jump right into this bitcoins price
jumps $1,000 in 30 minutes of market
growth across the board so I wanted to
start off with a good news market
Bitcoin jumped up a thousand dollars in
30 minutes which is absolutely insane
we’re gonna be talking about more that
later towards the end of the video when
we go over the technical analysis kind
of see if this is maybe some
manipulation is this a bear trap is this
you know the bull with a bull run coming
we’re gonna check out all that later on
in the video now number two is JP Morgan
Chase is sued for charging crypto buyers
with surprise fees so this I’m actually
very happy about
apparently JP Morgan and Chase they had
been charging extra fees for people who
had been buying crypto currencies with
their credit cards however now they’re
getting sued for this because they got
caught and that is not something you
should be allowed to do so again bad /
good news I guess bad news which ended
up being good news because now we’re
suing them or not we are not me but like
people are suing them and that’s good
they’re gonna get justice hopefully and
lastly I just want to jump through
breeze through the news really quickly
because you guys do want to see the
market and see where everything is at
today but a bank and ripple um they’re
launching the first a blockchain
international payment service for retail
customers so it’s a Spanish based bank
called something there and they’ve
confirmed the launch of its ripple
powered blocky payment network on
Thursday April taupe which is actually
today today is Thursday April 12 and
they’re gonna be the first bank to do so
so now we’re seeing ripple you know we
saw a lot of new is now we’re gonna see
things actually being implemented
ripples price is at 56 cents however the
whole
market is up now I’m gonna give this a
refresh I’m gonna get us a refresh and
we’re gonna see if we can hit the three
hundred billion dollars so if we’re
gonna go down let’s see three hundred
billion maybe if you loads okay no we
went down a little bit two hundred
ninety nine billion so close to three
hundred billion words gonna say we’d hit
three hundred billion we probably will
suit 43.4% bitcoins almonds and across
the board in the last 24 hours
everything everything except for Bitcoin
diamond is in the green and a lot of
it’s in the green buy a lot so elf is up
33 percent up 110 percent in the week
basically doubling your money and we
have a lot of other all coins like Wan
chains up 69 percent in the week with a
14 percent in the day steam 41 percent
in the day up 57 percent in the week
nano up 10 percent in the day just so
much green all across the board
OMG is up 17% the day just green
everywhere and AOS again continuing to
do its thing in carnivals we’re just so
happy to see so many coins in the green
that is what we’ve all been waiting for
now before we get to hype do we do have
to be cautious of course is this a bear
trap is this able run I’m not gonna talk
about any particular cryptocurrency
today all I’m gonna do is go over the
technical analysis with you guys and
we’re gonna kind of sit down and figure
out where we think things are headed so
first things first we didn’t manage to
break above we went up but we corrected
back down below this resistance line
right here so overall we’re still in
that descending pattern so it’s
something to keep our heads you know I’m
all about positivity and I’m super super
hyped about this and you guys know I
think the price is gonna moon really
soon but in the short run I’m gonna keep
us updated so we are above the 20-day
moving average so hopefully we’ll stay
above that and then tomorrow we can
start off and break above this
resistance that’d be cool we might even
break above it today if we can end above
it and then tomorrow continue moving
upwards that would be absolutely awesome
now a few things to keep in mind is that
Bitcoin price can be manipulated so this
might be someone with a lot of money
just jumping right in and getting some
extremely cheap Bitcoin it also could be
an instant
oh shit which is jumping in and getting
some really really cheap Bitcoin that’s
causing the price to go up now something
I saw in a video from another youtuber
to youtuber which I thought was really
really cool to think about is the
inflation factor of a Bitcoin so
basically every day there’s Bitcoin
being brought into the market from
mining right this is new fresh Bitcoin
every single day so we have days of
steady movement basically the value of
each individual Bitcoin is technically
going up because the demand is gonna
have to go up because the supply is
going up and the price is staying the
same prices bringing more Bitcoin in
everyday price stays the same in order
for the price to stay the same the
demand is also having to increase so
even well on sideways movement when we
had like the sideways week we had we
technically had more demand come into
Bitcoin so that’s definitely something
to keep in mind that thought was really
really cool now another thing you guys
are going to really enjoy seeing is the
1-minute chart of big cliff I click the
1-minute chart take a look at that so
this whole pump now could have been a
coordinated pump it could have been
whatever it is it was absolutely crazy
and a lot of people were saying well you
can’t predict this with technical
analysis now I don’t recommend using the
1-minute chart when it comes to
technical analysis but there is some
aspects of technical this is where I
don’t agree with that youtubers video he
was talking about not being able to
predict us predict this with technical
analysis and that’s where I don’t fully
agree because if you look at this we
have the support or we have the
resistance line technically right here
from here we’re moving up and once we
break above this level which you guys
can see we held throughout here dip back
then we dip down and then here we held
it a little bit again once the movement
starts moving up up above that it could
be seen and you could predict that it’s
actually going to continue to increase
and once they hit a peak you know hard
to predict when the Peaks gonna be but
we it was good we had this you know
piece of sideways movement here because
now we’re we built some support here so
when it corrected back down was
obviously something that goes up like
this isn’t going to continue forever it
is gonna correct back down a little bit
and it corrected back down roughly to
around this point right here that’s what
we are seeing right now now the
basically right at the 20-day moving
average
to the daily chart the minute Li chart I
personally like to look at the daily
chart for my training but it is cool to
see what the minute chart looks like and
see that the what technical analysis
could actually do when it comes to
analyzing any form of chart now you guys
know yesterday we were talking about
sideways movement and reaching this
period right here which is the
intersection of these two points roughly
the 20th of May of April and I thought
you know April 15th to 17th tax time is
gonna be when we see the big pop now
currently it is April 12th so we’re not
even there yet and we’re already
starting to see some pretty awesome
movement didn’t even break I guess we’re
still technically within this range
which is something again to keep in mind
we’re still within the range we did
almost breaking eyes can see the wick of
the candle right here but we did crack
back down and now we are trading under
this resistance moving again towards
this so it’s still important to keep
your and keep an eye out it could it
could very well be a bull trap a bear
trap I don’t personally think it is I
think you know hopefully this is the
time when we see Bitcoin rise and
congratulations to everyone who has been
holding onto their cryptocurrency be a
Bitcoin neo light coin ripple whatever
it is you’re invested in and you held on
then today you are seeing and you’ve
been buying on this dip which we’ve been
all talking about you know buying on
this dip buying as things dip if you’ve
been doing this and you guys are in some
pretty cool profit and I love the
messages I receive every single day from
people saying wow thank you so much for
calling this out for us I made some
profit here I made some profit with iOS
I made some profit with Neil whatever it
may be I absolutely love hearing it but
guys hopefully you enjoyed this video
just a little short one again sorry I’m
sick and if I sound really sick I can’t
really hear myself so hopefully
everything sounds okay if you guys did
enjoy the video and you want to enter a
chance to win some free Bitcoin don’t
forget number one be subscribed and have
your notifications turned on number two
smash that like button and number three
leave a comment down below saying
something related to the video as well
as leaving your Bitcoin wallet address
you can let me know do you guys think
this is a bear trap do you think this is
the start of the bull run let me know
all that down below in the comments so
guys thank you so much for watching
gratulations again to all of you guys
with all of your profit I’ll see you
guys tomorrow for another video

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