Yo, what is going on you guys welcome back to another video. So today is monday and bitcoin finally broke that 40 000 resistance level that we've all been waiting for. This is huge good bullish news and i'm gon na be sharing with you exactly in this video. On what you should expect moving forward, why we broke forty 40 000 today and what we should see in the next few weeks.

Now a lot of great stuff has been happening. A lot of great fundamental news and elon musk has been helping out bitcoin since the entire collapse of what we experienced a few months back so guys a ton of things to cover, if you guys have been enjoying these crypto updates, don't forget to drop a like Down below on this, video drop a like just just like this one uh and towards the end of the video i'll share with you guys exactly what happened to my thumb because uh, it's kind of annoying having a little you know, i don't. I guess it's good, because i don't even know what i'm let's just get, let's just get started, alrighty guys, so the global crypto market cap today is at 1.55 trillion dollars or a 3.89 decrease over the last day. Something that you need to keep into consideration is that i've been taking a look at the global crypto market cap fluctuations.

All day today i saw it go as low as 1.3 trillion dollars all the way up to 1.7 trillion dollars. It's been very, very volatile, so we shouldn't be using this as a gauge or indicator i'll, be telling you this bitcoin today is not the only sole reason why the global crypto market cap has been fluctuating. So significantly, we've been seeing a lot of huge volatility with the other all coins that we'll be going over in this video as well, but for the most part, guys bitcoin dominance almost at 50 48 or an increase of 3 over the day, and that's just because All the money is flooding back into bitcoin right now the volume has been increasing. The market cap has been going back up and before we even talk about any other cryptocurrency and some of the top gainers, we do need to talk about bitcoin, because that is what is so hot right now, and that is what got me excited today on this Monday morning, so, if we look at the seven day charts, you will see a nice nice little increase.

So if anyone did buy the dip down below at even 31 000, you would be very bullish. Right now i would say up at least ten to twenty percent. On your investment, so the reason why bitcoin is going up is partly because of a few reasons. One is this article right here or this tweet by coin telegraph they state.

Did you see elon musk is catching flack again, but what's it for this time, insignia ceo, magdalerska lambasted him saying what we have seen with bitcoin is price manipulation by one very powerful, influential individual. He responded yesterday with this. This is inaccurate. Tesla only sold 10 of holdings to confirm bitcoin could be liquidated easily without moving market.

When there's confirmation of reasonable 50 clean energy usage by miners with positive future trend, tesla will resume allowing bitcoin transactions what we're seeing now with any tweet. Regarding that initial reason why bitcoin drops seems to have a positive impact on the price, so here we have more bullish news in terms of the adaptation for cryptocurrency. Tanzania appears to be the latest emerging economy, poised to embrace bitcoin and crypto assets. On monday tanzanian, president samia hassan urged the country's central bank to begin exploring crypto assets hassan emphasized the increasing impact of digital assets on global finance.

Stating we have witnessed the emergence of a new journey through the internet. She highlighted the lack of crypto adoption and development in the east african region, stating throughout the region, included tanzania. They have not accepted or started using these routes. My call to the central bank is that you should start working on that development.

The central bank should be ready for the changes and not be caught unprepared. Now this comes in conjunction to many other countries, lining up and possibly adding bitcoin as legal tender as well. So the fact that el salvador went ahead and did this many people didn't realize the full extent of how much of an impact this would have, but we're now realizing that since one country stepped up and said, hey, bitcoin and other cryptocurrencies can actually be good. For the country it can add more money, it can help the unbanked populations.

We are now seeing similar countries in their situation to start adding cryptocurrency and taking this much more seriously, just as an example. Paraguay, this landlocked nation, often in the shadow of its wealthier neighbors, has already declared itself intent on forming and alliance of financial inclusion with other south american countries and bitcoin appears to be high on the government's agenda. Panama also went ahead and came out with a tweet from one of its representatives. This is important and panama cannot be left behind.

If we want to be a true technology and entrepreneurship hub, we have to support cryptocurrencies. We also have mexico where politicians are keen to move the country and its economy forward as much as possible with regards to legislation for bitcoin. Venezuela is also on this list, as well as brazil, nicaragua, argentina, malta and a few other countries now guys. I'm surprised that we're not even seeing a much higher price reflect with bitcoin with regards to all of this bullish news, because this is truly one of the fascinating times in history where other countries are starting to come out and say: hey, let's start getting aboard this Trade now, on top of that about four hours ago, we got publication that microstrategy could hold more than four billion dollars in bitcoin after latest private offering and crypto purchase.

So this means his microstrategy recently completed a 500 million offering of secured notes and he planned and when i say he, this is michael saylor, the ceo of microstrategy. He claims that he's going to go ahead and proceed to purchase bitcoin with that and continue adding on to his investment. Microstrategy currently holds 92 000 bitcoin worth roughly 3.8 billion dollars. This is really great bullish.

News too, because michael saylor has been pretty spot on. If you guys take a look at some of the history between what he's been saying about the government, how he was able to make his fortune and seeing some of the trends that come about an individual? Who is this confident about bitcoin and literally putting his company on the line, speaks a ton of volume, and this is more than what other influencers or celebrities in the space may say, because michael saylor actually speaks volume through his actions, instead of just coming out with A string of tweets which do not hold that much volume now it's gon na, be really interesting to see what all of this results into, but something i also want to touch upon was the wyckoff charts and really where we are on a technical aspect, because fundamentally It looks like bitcoin and cryptocurrency would be doing as great as ever we're having more and more institutions companies adding bitcoin onto their balance sheets, we're talking about the adoption of other countries. Finally onboarding the cryptocurrency train, but how come we aren't seeing that huge explosion? All the way to the moon, like we did a few months back at the peak of this bullish market, so we got to go back to the charts. We've got to talk about y cops, so the wyckoff accumulation charts have been pretty spot on.

The only difference is with all these charts and predictions. Some of them just have different time frames. Now i'm going to talk about two different scenarios. We can talk about phase d long and we're going to talk about a short or a.

You know a bearish trend too, with wykoff, but overall long term. It looks like we are still very hopeful in today's news. So let me break this down, so it makes it as easy and clear to understand as possible in my last few videos we're talking about how we got out of phase a we're in phase b, the whales came in, they were trying to shake out new retail Investors, they went ahead and did that what ended up happening was retail investors ended up selling their positions at a loss. Whales immediately picked it up.

Anytime bitcoin went under 30 000 instant pickup anytime bitcoin was floating at around 30 to 32 000. We saw that getting picked up by a lot of larger whales as well. What we've now been seeing in the past week, or so is bitcoin really starting to accumulate, consolidate not having too much action and then finally, in the within the last 48 hours, bitcoin going into phase c going into phase d and then, if we're still on track Of this accumulation phase, it may not happen this quick, but what we're trying to look for is that phase c to phase d entry and then going into phase e once we're in phase e of the wyatt cough accumulation period. We should see bitcoin and other cryptocurrencies start breaking some new monthly all-time highs, going back to, hopefully what it was before the market crash of may going to around 40 000 and up so right now with what i believe is gon na happen is we're gon na Start seeing a little bit of a sell-off anytime, we hit 42 to 40 thousand dollars.

People are gon na, be collecting profits during that time and that's when we should start seeing another floor or foundation or what they call support levels before we start hitting those new all-time highs, trying to break the resistance level of what i'm looking for is 46 000. So, first of all we got to clear 40 grand once we do 40 000 with bitcoin we're able to hold that we got to shoot for 46. And after that i say we are in very good bullish territory in order to end on a hundred thousand dollars by the end of the year. Now that is more on the optimistic scale that is on the long situation where, if i'm holding bitcoin i'm not selling it, and i don't care if i'm holding it for at least two to three years.

I i know for a fact that i'm still going to be profitable in this situation, but we do have to talk about the other end of the stick, because if we still follow the bitcoin wyckoff update, you have to realize that any time we get those accumulation Periods of breaking those quote-unquote all-time highs for at least these few months, you have to realize people are going to cash in their profit. So another option that you have as an investor is: if you don't believe, you're going to go long, you can consider selling your positions at around 40 to 42 000 hold it on, put it into a stable coin, and then wait for that price to drop back Down do i believe it's gon na go back down. I do believe we're gon na start, seeing another reset we're gon na see other people cashing in those profits, and this week i don't think we're gon na go straight to the moon all the way to 46 to 50 thousand dollars. I think we're still going to experience enough volatility where you can get in on these swing trades that are fairly predictable.

So here we are guys with another version of the charts anytime. We hit a resistance level of anywhere at least 40, 000 or even past that you can consider going down because we may see 33 to 30 thousand dollars touch again and that's going to be another great entry point for anyone looking to profit. During the volatility of this market today, so if you happen to be an individual who entered a cryptocurrency, maybe past 45, 000 and you'd be selling at a loss, you can always make up those losses by re-entering these trades. Now, if i'm going to be honest, that method right there of trying to time these swings is going to be very stressful, you're going to need a little bit of experience and if you are a very emotional or novice trader, that may not be the route for You there's nothing wrong with going with my option, which is just holding holding through the dips and realizing that if you're going long on these positions, you can still be very profitable at the end of the day.

So you have many other options. If you decided that a few months ago, hey, i just heard about crypto, i want to enter it and you entered at a bad entry point when you thought crypto was going to go to 100 000 at the end of what last month, but it didn't. You can consider taking your losses on those cryptocurrencies entering at a new low, making up those losses and continuing to swing trade to the top. I do also have to mention, when you are doing that, you're going to be a little bit more tilted because you're trying to make up for lost gains.

I do not recommend it unless you are an experienced trader, very confident in the charts and where crypto's headed, because at the end of the day, a lot of this is still up in the air. Although it's following a lot of patterns and charts, this is still really really volatile and it can go either way. So for me, i'm still sitting on the sideline. I'm accumulating every single day averaging into these positions, i'm not dumping huge amounts of money.

Unless i'm seeing a good entry point of maybe under 30 000 or even close to that, so i know right now with all coins too, there are many opportunities. If we go ahead and take a look at the charge, we can see that even the biggest gainers we still have a ton of these smaller all coins coming up out of nowhere. 2 000 gains in a day. 169 gains a bird chain up 144.

So a ton of projects still on the come up as well as a lot of big losers as well, but it looks like the gainers are still you know on the equivalent they're doing pretty well for the most part, guys with many all coins. This morning we saw about an average of a ten percent increase in the day. Most of them have decreased down to about a three percent gain in the last 24 hours, which is still not bad at all chain link up 24 matic still at a dollar 52, and it looks like we're not seeing too much heavy movement with all coins. But there are a few that i wanted to talk about here, so check this out.

You guys, if you've been watching my videos for a while, you may not have noticed amp but amp's been climbing up to number 33 and you'll notice. They had a 63 increase in the last day, so the reason why this cryptocurrency has been climbing and mooning is because they just recently got listed on coinbase three days ago and in the last 24 hours they are up 26. Is this a position that i would consider entering not right now, only because any time we see a huge fluctuation or increase with the coinbase effect, we often see a pullback following suit about a week later, pretty strong. That doesn't mean there's no opportunity.

That doesn't mean amp isn't going to continue climbing up, but i just believe right now with the way the market is set, especially with the price volatility of bitcoin. I would hold back, and at least just focus on the cryptocurrencies that you have done. The research for and never ever ever fomo into any of these cryptocurrencies because you see a spike in the price you want to jump in because oftentimes when you do, that is when the price starts to go back down, so focus on the strategy of playing offense And not defense trying to chase after these gainers instead. Do your research know what a good entry point is for that specific cryptocurrency you want to enter and then shoot your shot.

Then all right. So one last thing i wanted to talk about was gamma squeezes and bitcoin. So what is a gamma squeeze? What does this all mean? So we have actually been seeing a ton of short volume on bitcoin. A lot of people are hoping it was going to go down and when they do, you can bet on that price point uh and if it does go down, you will make a profit.

So with a lot of people entering more short positions. What happens is any time the price of that specific cryptocurrency which we're talking about bitcoin as this example, if it does the opposite, if it doesn't go down where people are trying to make money on shorts, and it goes up, what ends up happening is at some Point those shorts need to get liquidated because they're going to continue to pay interest on that amount. So this is why i say you should never short any type of crypto. If you do believe it's gon na go down, there's still many other ways to make money.

You can put puts on it, you can do the christmas tree method, but you don't have to necessarily short anything because, like we've seen with bitcoin amc, gme any other, what we call a meme struck, what media calls it you'll notice that it can be very risky Because, as soon as people get together and say, hey these mofos are trying to short our crypto. These guys are trying to short this thing that we love that's when oftentimes. It gets a little scary because you can see the power of social media people coming behind a certain investment and then start pumping the price back up. So that's what we're seeing with bitcoin.

What does that have to do with 40 000? Well, it's not going any lower it's going up and if we're able to hold forty thousand dollars, that means short positions are gon na have to get liquidated, adding more additional positions and volume into crypto like bitcoin. So we continue to hold this. It's gon na be good news. Could we see a short little gamma squeeze effect, i believe 100.

Yes, if we do, i wouldn't be surprised if we see any price action of 45 000 to even 55 000 only because we then have additional momentum. We're gon na see that fear and greed index starting to shift more towards the green, and that's when we're gon na start, seeing that liftoff that we need, maybe that's when bitcoin starts, getting really the attention for us to hit those all-time highs that we hit earlier. This bull run now guys. Thank you all so much again for watching this, video don't forget to check out the links down below in the description you can get up to 250 back with a block fi after you deposit, a certain amount into the app check out.

The link down below it'll tell you what the thresholds are. You can also earn free interest on your cryptocurrency. On top of that, don't forget to check out weeble where you can buy both crypto and stocks, and you can get up to two free stocks, one valued up to eighteen hundred fifty dollars after you deposit a hundred dollars into the app one more thing. Security is the key as much as i love free stuff man.

There's no point: if you leaving your doors, unlocked, make sure you lock them doors, have security set up for your internet if you guys are trading crypto or do anything involving like even watching this video, you want to make sure that your internet connection is secure. Your identity is protected, surf shark. Does all of that and they're giving my viewers 83 off in three months, free listed down below in the description now guys? That is everything for today's video uh. With regards to announcements, i will be opening up additional spots to our patreon at the end of this week, so make sure you guys follow me on twitter and on instagram for any updates regarding that this wednesday, for anyone who is in the group already to my Inner circle members, we will be hosting a private live stream on youtube, so only members will get access to this live stream link you'll be able to ask any other questions that you want.

I will be having this and doing an interview with a cpa. Certified he's known as like the blockchain cpa expert or something so we're going to be going over. All the frequently asked questions regarding taxes and crypto. This is going to be an incredible live stream with a lot of value drop, so make sure you guys stay tuned for that.

If you are members of my group now guys, thank you all so much again for watching. If you're wondering what happened to my thumb, i was cutting up watermelons last night and uh. I i freaking uh yeah. I uh comment down the secret word down below that's gon na be watermelon drop a like down below on this video.

Thank you all. So much again for watching stay tuned for additional updates during the rest of this week. Hope you guys have a great day see y'all next time. Peace out,.