Ladies and gents, welcome back to another video bitcoin is down, the market is more red. My laptop is in frame now push that back in this video. We're gon na be talking about some important moves to make in the crypto market. If you guys are a newer investor, intermediate or you're super advanced whatever level you are.

Hopefully this video is of some value to you and i'm confident it will be in this video we're gon na be talking about what is going on in the market. We're gon na be talking about why bitcoin has gone down and gone down even more today, ladies and gents welcome back live stream. Welcome back! I know i'm a little bit late over here, my bad on that, but we're getting started right now so hopping into the computer. Obviously we're seeing some red in the market today we're seeing bitcoin whoopsie seen bitcoin at forty thousand dollars and seventy one forty thousand dollars.

Forty thousand seventy one dollars and ninety seven cents with the global crypto mark cap sitting at one point. Eighty one trillion dollars we're down four point: fifty nine percent. We are also seeing the crypto fear and greed index, like we said yesterday, going down on this barometer. Turning into a 30 which puts us in a more fuel zone, video off, i wanted to come out with this a little bit of a funny tweet right here.

Well, i thought it was funny. It's a picture of the old president's laughing. It looks like mr buffet is over here and they state. Then we made them think world war three is happening and they sold their bitcoin.

I think my uh my little guy's over it, so this is just to give an example of where we are in turn climate. Within the crypto markets. There are going to be the whales, then there are going to be the shrimps and then they're going to be us microplankton. I don't even think we make too big of a deal within the markets.

A lot of the movements we do is because of larger exchanges. Larger institutions and a lot of those whales that hold millions upon millions of dollars within the crypto markets. So a lot of you guys may be thinking most recently like. Why have? Why is crypto gone down? Why has bitcoin gone down so drastically like what is going on within these markets, because, even just a few months ago, when bitcoin is at 60 000, the psychology of investors wanting to invest back in when the price of this asset was literally double of? Currently, where we're at right now near double of where it was at right now, why has things changed so significantly market psychology, it's all about how the general crowd feels about the current state of the entire kids? So if you guys didn't know, the smp is down just a little bit, let's uh smp 500..

I believe it is down about point nine percent point: nine five cents a day sitting at forty three hundred dollars with the s p going down and in the last five days, having a little bit of a red week, we are still seeing that indication of correlation Happening within the crypto markets as well going into some liquidation data mike, is on and off. My is my mic on and off. Is it better? Is it better my people, i'm gon na, keep going if it sucks just, let me know going into some liquidation data. We are now seeing on the one hour wrecked chart.

We had 7.12 million dollars of crypto getting liquidated. This also showed us 24 hours in the last 24 hours, we've had 83 150 traders also getting liquidated as well. My mic cuts out you guys, i'm not bad. I really think it's whenever my shoulder here hits this jaunt and just boom boom boom.

It knocks out the audio a little bit. So if you guys are watching a replay of this, please excuse any uh technical interruptions. We are ordering a new little mic stand, so hopefully this doesn't happen. Okay, it's a little better.

Just got ta zoom out. Let me uh pull my computer, so i don't touch the mic at all. All right guys going back something we talked about yesterday, which is obviously an important indicator within getting a gauge of where support levels for crypto are and bitcoin. It's going to be that moving average.

Let me refresh the charts on bar chart just so we have the most up-to-date data, obviously, right now, with bitcoin sitting at 48 000, we are well under most moving averages, even the 20 day as well. What's interesting at this point here is even with bitcoin. We need to get us, we need to at least get a gauge or a sense of where bitcoin's bottom is going to be, especially if this is a short-term volatility. Pull down.

We'll just do this over here on a coin market cap, because i thought i had my trading view up, but i do not currently with the charts for bitcoin. Even if we look into the last month, you'll notice a few things here, starting off just uh at the end of january, we did see bitcoin hitting 43 000 and a lot of a lot of things have happened since then. So we go back to our previous low of 33 495. That was when we saw some of the most liquidations happening amongst all exchanges.

That's when we saw the fear and greed index pulling down to extremely fearful, and everyone thought this was the bear market. Shortly after that we had the bounce up. We started getting confirmation in the market that it was not the case. We started to reconsolidate back into this zone right here and pulling us out.

We started to break out of 40 000. That's when we started seeing more green sentiment, and this was leading into the month of february. So since then, obviously, we've been making different strides in the market. One thing you want to keep a lookout on for, if you're, just looking at bitcoin from a very basic general technical standing, we want to make higher lows every time.

What does this mean? So bitcoin pulls back. We don't want bitcoin to see a support level of anywhere near thirty, three thousand dollars again. If bitcoin rides up to forty five thousand dollars - and we see it retraced back, we want it to stay at least above forty thousand dollars. But if it breaks below that - and we start entering previous support levels, that isn't the best news ever if we want to continue making strides, we pull it back to the three month or even the one year.

Every time we are going up in this market, we want to make sure that we are making slow incremental progressions so one year back to the three month going back down in price. But ever since we started to enter this zone right here going into the month of february, you'll notice that it looks like we are forming a pattern where we may be resuming out of this uh little descending area, going into the all-time charts, pulling it out. Even more, this should give you a better refresher of where we are in the state of the market. Just remember the last time we had an explosive bull run right here, coming back down resetting in price and then resuming back up.

This pattern looks very similar to what we could even seen in the previous summer of when krypto started going parabolic, everyone was making money from shiba inu. The dogecoin millionaire was coming out of the cave and we just got a lot of people being very greedy during times like that. So if you are a newer investor here are some of the key points that i want to mention, because a lot of this, if you guys are new to the market, is going to be very, very important. It's going to be crucial for you to understand.

If you guys have been through some swings, if you guys have been with us since the summer time, a lot of this is going to sound kind of repetitive. But it's things that you want to make sure that you keep reminding yourself of just because when things get emotional, we tend to not act on our best behavior. So i want to just be a friendly reminder to you guys on that. When the markets are fearful, you don't want to panic, sell you don't want to sell everything thinking.

This is the one time to run and you're, making the right decision trying to time the bottom. It is very difficult for many investors to do that, even if we go into trading view and just seeing some of the theories on where we are currently with bitcoin. The landscape of the entire market is all over the place, and this is just because, no matter how good your skills are in being able to read charts and lines, no one can fully predict. What's going to happen tomorrow or the day after that.

But what we can know is where we are in terms of the overall innovation within the space. We can take a look at what i like to do fundamental news. We like to take a look at seeing real data on chain analysis and using that to paint a picture of whether or not crypto is still going to be around in the next six months, a year or a few years. From now with all the companies, with all the articles, with all the venture funding that we've seen getting poured in and even more we've had some companies or we've had some countries actually doubling down in the space.

You, let me know if you think everyone's just going to say: oh man, you know what we made the wrong decision: microsoft, facebook activision, you name it all these companies adidas going into the metaverse space. I believe budweiser or bud light one of the beer companies even went and bought some land into decentralized a few weeks back so y'all tell me if these companies all collectively made the wrong decision putting money into the crypto world into the metaverse into web3, because i Really, don't think that's the case. I don't think that many people can be wrong about uh overall, developing asset classes and within our next live streams. I'll pull up some even more data on the developments that we saw within the web, uh techno technological advances that we've seen happen before in the past and how similar it is to where we are with crypto.

Now, before we do that, let's go into some further articles, just talking about what's going on in the world, there was a lot of focus uh this week, especially with politics. War talks right now, uh, even just some protests going on uh. First of all, if you guys have been keeping up with the news back in canada, uh right now, they've actually had some issues where they are looking to freeze some bitcoin wallets. The reason why this is significant is because the amount of money within these wallets are not just you know a couple thousand dollars couple hundred dollars, it's millions of dollars that is getting sent over to these truckers or people right now who are protesting in this country.

So going down pomp actually had a tweet earlier today and he said wow china is freezing descendants, banks, bank accounts and threatening citizens who express their freedom of speech. He says: oh, wait. Sorry! It's canada, not china! So people don't expect canada who's been known to be a more democratizing state, uh to or democratizing country to you know be acting in this way and really just putting a muzzle on a lot of their people. We even had uh el salvadorian president naib bukley, also stating the real war is not in ukraine, but right now.

It's in canada, australia, france, brussels, england, germany, italy. They just want you to look the other way and the reason why he said that is because we're seeing a lot of protests going on in other countries that mainstream media is not really showing. So you know i i mention this a lot. We don't talk too much about politics, but whenever it does involve the sake of the markets or what's happening within crypto, it is something worth mentioning just so you guys are aware of current news.

They also state at the bottom of this article, canadian prime minister, justin, trudeau, invoked the emergency act on monday earlier this week, which allowed local regulators to freeze freedom, convoy protesters, bank accounts and monitor large and suspicious transactions, including crypto. The order specifically extended the scope of canada's anti-money laundering and anti-terrorist financing rules to cover crowdfunding platforms. This is where they had a gofundme set up, and that was cut. That was paused that was frozen and the payment processes they use.

They say this change covers all forms of transactions, including digital assets such as cryptocurrencies. Let me know what you guys think down below of the issues going on all around the world. I do think this still does play into a part of where we are with crypto uh kraken ceo, which is another exchange. Very popular exchange, admitted that the firm could be forced to free some wallets by the police advising to move crypto out of exchanges.

So a big important note to make right here is, if you do have your crypto on. You know coinbase ftxcrypto.com a lot of the times if local authorities or even the government gets involved when it is on an exchange that is when they can dictate what happens to it. They can freeze those funds, they can say they're not going to be able to move it when crypto actually gets sent over to storage that you are in uh charge of like a ledger: wallet, cold storage, something that is offline off the books off the exchanges, something That is completely decentralized to you, where your ownership comes from that key passphrase. That is where you can continue to send transfer, bitcoin or other cryptocurrencies without regulation of the government.

So you know this is what a lot of these other companies are recommending right now. It is really interesting to see just how this entire story is playing out. If you guys did watch my recent video. I was in canada just a few weeks ago, and i mentioned just how strict they were with covet policies still at this point uh.

But you know just hearing from some of the canadians that i met just even from that trip. It is crazy, uh uh, just everything that's been going on over the past few weeks and even the developments of the last few years that have led up to this moment here. So just stay informed and involved about this, even though canada isn't a huge country where they have a giant uh. Just you know, influence over the crypto market compared to maybe even the us, or maybe we say other asian countries.

It is still important to note, because if canada decides to place even stricter regulations, where they're limiting even right now the ability for people to transfer their crypto out of exchanges, we could see it get even worse in the future, but hopefully not because a lot of Awareness is going behind on this and let me know what you guys think all right, so chat chat, usa, flags all right. So next article we have is from eight hours ago - and this is talking about the finance executive - to lead crypto expert center by russian bank association. The association of banks of russia has launched a dedicated expert center focused on cryptocurrency regulation. While we continue to progress through this month, we haven't gotten exact word just yet on what the u.s plans to do with regulation, but we know a lot of other countries are trying to move forward in this direction as well.

The reason why this is so important for countries to develop some type of rules or standards when it comes to knowing how they feel about cryptocurrency what their plans are is because this is going to give them not only the first movers advantage, but it's gon na Clarify for the people for their citizens on what they should also be doing next, so with russia, we have word that they do want to come out with their own stable coin. Russia's central bank government regulated stable coin, and in doing that, it's going to progress them. A lot further into the crypto markets, i think whichever country has more regulation set. It's also going to give the green light for the big boys, the big money, the institutions, the hedge funds, to then pour money into this asset.

Whichever country, i believe, has larger ownership of this entire pie, because don't forget bitcoin is still limited in supply. If this is going to be a race for every country having ownership of this crypto, it's going to give more power to them as well. So what's cool about this is whatever regulation happens? Whatever developments are made by the government, we can still ride those waves. We are still very early into the space if we take a look at adoption rates right now.

Surprisingly, a lot of this is still underway. In terms of there's a lot more potential where, even if last year during the summer, we had everyone wanting to buy toshiba inu, the amount of people that still haven't been exposed to crypto is still fairly wide uh. The big thing is: is we've had other markets? Expanding that and allowing people to invest into crypto like nfts, that has been almost the gateway drug getting people in. Let's pull out one stat.

I really like the google trend stat on the nft market, so google trans also do you guys like this live by the way? Let me know it's my chat because it is nice not having to edit a video yeah. I like that, so right now we're actually seeing the interest of nfts going down. It was at an all-time high for a pretty long time, even going up into january 16th to 22nd most times whenever we get markets riding up this high. There always needs to be a correction, otherwise a bubble will pop and people are going to be losing money for me, even though i was into nfts pretty well a pretty long time ago, uh, i would say 2021.

There was one winter where no one knew about, and i still had to explain it to friends when we went in right before this wave took off. It was back in november uh. I've mentioned this a few times on this channel. We were throwing the darts, but just throwing the darts at the wrong board, and the first early wave of adopters into the space was into nba top shots.

My psychology behind that was just because, if nfts never had blown up, we would have had the backing from an actual institution like the nba and even back. Then we had physical baseball cards during the pandemic basketball cards, a lot of art that was going really really high in price and even the pokemon buzz that we had where people were buying trading and selling pokemon cards uh. That was my theory back then, and obviously i was wrong on the board, but what i was right about was the overall development of the nft market. What i think is going to happen next is yeah.

We are due for a correction. I think if the crypto markets does continue to slide, i don't think nfts are going to completely pop either. Unlike many people's theories on that, i think it's still going to develop. I just think the transactions behind it are going to slow down significantly and i think the amount of these projects that are getting built every day where people just want to start making quick money, have their project and try to become the next board ape yacht club.

I think that is going to decrease significantly as well. I want to just compare this to the icos that we've seen with crypto, if you don't know what icos it's initial coin, offering so very similar to when a stock comes out and they have an ipo. This is just the crypto version. We had a surplus of icos going wild back when all coins and cryptos were first picking up and people were hearing about it.

I just see a reflection of that happening within the nft market and i think when that does happen, and if we do see any slide or pullback that is going to be another time to enter these markets. So you can get that next. Second, wave up a lot of the correlations are happening within markets. That's why it is important for you to know what is going on.

So you know how to make the proper pivots if we even take a look into bitcoin like we showed earlier. Bitcoin had multiple pumps this year, one and two with nft markets just having that one and possibly having a bigger pullback right now. This could set us up for even something bigger, but it has always been a goal of mine to start entering some larger blue chip positions. You guys might have heard, like you know, jimmy fallon, justin bieber, a lot of celebrities, even snoop dogg, having millions of dollars into the nft space.

I don't think this is something that's just going to disappear. I think the next trend that's going to come about is the transition from crypto into nfts, even with the amount of people just going straight into nfts right now, it's gon na cross-pollinate and then hopefully we get that next boom pretty soon uh. But in terms of like you know where we are right now and then moving into the month of march and april, i do want to reiterate the fact. I'm just gon na keep reiterating this every video, so it gets in your head.

We have rate hikes coming up that is set, that is certain. There is no way uh we're, not gon na see interest rates going back up when that happens. Usually we see more volatility in the market. We've seen the s p go down significantly, not even when rate hikes were declared.

They were going up, but off the rumor that they might go up. So imagine what's gon na happen in mid-march now, although even right now, the crypto markets are in a much better place than it was. Let's say just about a month back or even you know, three weeks back, it doesn't mean we can't see any more volatility. So when you're entering the space just make sure you're not investing your child's college fund and you know their senior in high school and you need that right now to start paying off tuition.

Make sure the money that you have in the market is your money and is money that you don't need right now, uh when i, when i'm investing guys when i'm putting monies when i'm putting money into the market when i'm putting monies and dollars into the market, I'm making sure that i do it off a principle called dollar cost averaging. It's something we recommend on this channel just because it is very difficult to time the bottom and it's difficult to time, the top and then it's difficult again to re-enter those positions. Just because greed does get in the way of a lot of emotions and the way we like to think as investors. So, if you think like hey, this is the bottom right now you could place a full bet right now.

If you have a thousand dollars you wan na invest, you could throw that into the market right now, but if it dips even more sunday you're to be like man, i could have weighed it even more. This is why averaging in slowly is still shown to have much better uh, better proven there we go make sure. Ah, ah, is this working dang? Okay, sorry guys, i'm gon na get a new mic every time. I touch this mic, it cuts out and i don't know what to to do about that, but we're gon na get that fixed.

But i see the chat i see y'all. I see you, okay, okay, yes, yes, yes, all right got it. We're good, we're good right! All right, sorry about that guys, anyways someone had asked tara, luna, avax and there's one other crypto, i'm more bullish on avax right now. Out of all the all coins, if we're talking about moves that you can make right now, if this is the segment of the video, that's most important to you, here's what i'd be doing in the market when you have many different cryptocurrencies uh to be able to Swing trade or to average into there are plays that we've talked about just a few weeks early on as well.

There are, i think, three different categories. It's going to be the ethereum killers that we've talked about on this channel and then differentiating which one of those is going to be the most highest return for the less amount or the least amount of risk. And then, on top of that, we have exchange cryptos, which is going to have the funding the value that can survive any type of pessimistic drop in the market. If we go into the worst bear market in the history of bear markets, which i don't think is going to be the case, but if that happens to be the case, what cryptocurrencies are going to allow you to sustain that, where you're not going to be losing 95 of your portfolio, and then you know, you're going to be growing 100 white hairs and some eye bags, like i've, been what's going to allow you to survive that or on the other chance.

If we do see more innovation happening within the markets - and you want to double down on what these companies are doing, what's that next, so we mentioned that in the top crypto picks to invest in. I made that video, just i think, maybe a week or two back so check that out at the end of this stream, if you haven't done so already, just a quick tldr, if i'm making a play right now. Obviously, bitcoin is going to be the safest bet because it is the largest in market cap. It is where hedge funds institutions are still putting in their bets they're not going to be like okay, you know the sec or the government or regulators, or even their bosses, their boss bosses, the rothschild, the illuminati, whoever it is when they say we have the green Light institutions to go in on crypto they're not going to be saying: okay, shiba, you know it is dogecoin.

It is, let's find, let's find these cryptos these random ones, and go it's going to be bitcoin right. So when we're talking about cryptocurrencies bitcoin is still going to be holding true, especially when we're in more of a red market. But if you do want to amplify those gains a bit and we're talking about utility - and we do know road maps of what's going on. Next ethereum is obviously still on that list.

It is not difficult, especially when we're seeing the market cap of these cryptos. It is just a tale that is writing itself. If we are choosing a crypto uh to buy during this dip, i still prefer to buy a lot of the high cap and mid cap. All coins right now salon is still at 90.

Avax had a good run up it's at 84 and to get a gauge of which one of these may even be better. We then look at defy llama to see how much total value is locked. This is all the money that is locked within their protocols. It's gon na give us an idea of what we should be looking at and if i zoom in right here, just to see the charts and show you guys on the screen, tvl right now has had a little bit of a recovery, so we're seeing that within The market, but obviously today we're having those liquidations as well.

That is reflecting upon all the red that we're seeing on their different uh protocols, going into ethereum a lot more red, seeing their graph having that liquidation. Having that bounce up, if we're comparing two cryptos say as an example avalanche, which has actually been going up, it's not experiencing a huge dip in the market. It's still at 10.91 billion dollars in tvl, compared to maybe solana, where it's been sliding even more sitting at 7.57 billion dollars. But then you see the discrepancy within the market where avalanche is still in terms of market caps lower than solana.

That's where you can start doing a little bit of you know just common sense: hey we're seeing more funding going into this protocol, this layer uh, but it's still under in terms of market cap, it's still under uh cardano as an example which is at a dollar. So this is why avex has been a play that we've mentioned, even since they were what 40 50 going back before this spike right here, uh on this channel, i still am bullish, at least on this project, and then there's actually a good twitter thread that i Have in my like section, if you guys want to follow me there uh, there was one that was just really good talking about the future plans with avalanche and some of the innovations that they're making in terms of their actual white paper and how avax works. So let me see if i can i'll pull that up next video, for you guys, okay going into it, though uh in terms of other cryptos. I know polygon has been a big ask on this list, just because it is down uh just a little bit more.

Alongside crypto.com, which i believe even right now when we see the reflection and price a lot of these all coins, it's just nothing to be worried about uh. What i see it as is these all coins have not done anything bad to say they have not done anything to affect their price. It is just mainly the fact that the s p is down we're getting talks of war, bitcoin goes down, then all coins which are innocent in nature have not been doing nothing naughty, they're, also going down in price. So when you realize you know think about it.

Fundamentally, nothing has changed within the markets, but they just are getting affected. It's where this type of arbitrage allows you as an investor, to make opportunities of wins. So, even with polygon, where even last year, they're still up a significant amount, you can still find opportunity where in the last month, they've been sliding down, but it doesn't mean that it's not going to happen where another all-time high of near three dollars may happen. If we're back on a bull run load up those bags, but do it at a reasonable and cautious pace do not over leverage yourself, there will be there.

There will just be influencers out there recommending leverage all the time i don't use leverage. I don't recommend people to use leverage, because the volatility in these markets could really damage people and wipe them out and if you're trading, you know some meme coin for 100x leverage and then you're in debt for the rest of your life. That is just not what you want to play if you are able to slowly, invest in the market, ride the volatility dips but see the overall innovation going up and riding the long term uptrend as well, you're still going to be profitable in the long term. Okay, so that is pretty much the video for today.

Today's video was also sponsored by f. No i'm just kidding, not ftx. It is actually sponsored by your boy b jung check out the group down below check out the links down below check out coinstats. I got a sick discount for you guys listed down below in the description they allow you to organize all your crypto exchanges onto one app they're, not sponsoring this, but just check it out.

If you guys want, i had to actually negotiate that discount deal pretty hard for my subscribers. You're, not gon na find anything like that uh, but other than that. Hopefully, you guys enjoyed today's update. Hopefully, today's live stream with the audio cutting out, wasn't too bad and if you guys are watching replay of this in the future, i appreciate you guys and if you are making it down here, comment down below aluminum.

Just aluminum is the key word. We usually be doing that and we're not going to stop that even if we're doing these lives - and i do be seeing the chat too on my other computer - i appreciate you guys have an amazing weekend, we'll be back with some content back on uh monday, but In the meantime, i will be posting over on my twitter and instagram, and i got my little crypto ted talk come in on friday, a little nervous for that been preparing for a few weeks, a little nervous for that i'm used to talking to a camera, not In front of a whole audience, so you might think like brian, if you can do the camera, you can do the public audio. No, no, i tried i tried rehearsing when no one was in the audience. It was booty.

It was not good. It was embarrassing. So we'll see how much of a fool i make myself this weekend, but i'm gon na prepare my best um. We are gon na be doing a little day in the life vlog again soon.

A lot of you guys enjoyed the content i did before on that, and another thing is yeah. Actually some some cool video plans we're not going to mention yet all right guys. Thank you all so much again for watching today's live stream. If you guys are in the patreon of the discord group i'll be hanging out there for a little bit as well and i'll see the rest of you guys soon, peace, you.