What's up, you guys welcome back to another video, so, like i said in yesterday's episode, bitcoin is not dead. There is no reason for you to panic, and i also made about a thousand dollars from trading bitcoin uh, just in a bare climate like this, so you're going to be hearing a lot of fun in the next few weeks. You're going to be hearing this from other influencers you're going to be hearing it from mainstream media you're, going to be hearing all this fun from other investors in the space over on crypto, twitter or whatever forum is your preference. But all i have to say is: do not panic, do not freak out because we are going to be okay.

Let's get started with this video go over some of the most important crypto news that you need to know for today. Share with you exactly why bitcoin took that dip and what you should be doing, and we're also going to be talking about some other important news that you need to know about in order to come out thriving in this very confusing climate. We're in today, before we get started with this episode, guys don't forget to drop a like down below on this video. The support has been incredible, even though it's been a time where everyone freaks out the support on my videos has still been great.

So i appreciate all the love on this and i would love to reflect and regurgitate all that love back to my people. So here's that love right right into the camera now guys, let's get into the computer and let's change things up for a little normally. We do our crypto market analysis, but today i want to share with you some tweets on why you should not be freaking out. So here's just a little picture.

It's all a matter of perspective. You got a little cartoon saying. Oh no looking at the chart saying bitcoin is down 50 in the last month or so, and then you got the second perspective. That's saying, yeah bitcoin is on a sale.

So really the whole point of an image like this is to just gain a perspective on what type of investor you want to be perspective. Is everything in a climate like this and if you just want to focus in and zoom in on what the past month has been like, you're gon na forget exactly the macro fundamentals of what bitcoin and cryptocurrency is all about, and this is still very good news Because, right now, anytime, we see short-term volatility. This is opening up more additional buying chances for investors who could not get into the space. So anytime, bitcoin takes a hit.

I've announced in my inner circle my threshold, my price target on re-entry for this cryptocurrency and might as well share with you guys what that is gon na be so here is my weeble charts. As you can see, we had a nice little v-action this morning with bitcoin sliding all the way down to a low of 28 805 dollars with a quick bounce up. So with action like this, you can just get an idea that there is still a lot of opportunity in order to make money in this type of market. Now i bought in this morning on the dip at around this point right here.

I went ahead and came out with a tweet on it this morning, and i also did mention it in our discord for our inner circle members and today i am up over a thousand dollars now, if you're wondering why i bought this with my robinhood account. The reason is because i had some leftover money from my gains with meme stocks. It it doesn't even sound right but uh. I guess that's the climate we live in 2021..

I had some gains left over from the meme stocks that i've been trading and with that i was able to make another profit in the crypto market today. So you necessarily do not have to be in this euphoric high market with bitcoin hitting all-time highs with dogecoin going to a dollar. You don't need any of that happening in order to still make money in this market. If you have income, if you have a little bit of savings left, you can still use that to average into these dips in order to make additional money right now, as you can see, if you've been following along these crypto updates any time we get a dip At around 30 000, it quickly gets eaten back up and we quickly bounce up in this consolidation phase.

So based on past history of what we've had even in the in the past week, or so, you can just see that there are still opportunities where we have. These dips, you buy it back up and you can make these swing trades in order to still profit make up for your losses or even just add, on to your total gains. Now i have not yet realized any of my crypto gains. I'm gon na take a look at what the market may do but check this out, guys bitcoin on a rampage right now: 33 000 from its dip that we had earlier today, and you can get an idea that people are buying into it.

So guys the total crypto market cap for today is at 1.3 trillion dollars or a 2.14 decrease over the last day. If you guys have been following the journey since bitcoin was at its last all-time high of over 60 000, the total crypto market cap was past. Two trillion dollars, so, let's not forget how much money was in crypto just a few months back and how easy it is for all of that to return a lot of people ended up making gains and naturally, what people do when they expect the bottom of cryptocurrency To enter is for them to re-enter those positions to make more money now guys, in addition to that, ethereum is still at 1900, not having too much price action and down at 25 for the week now for our 24 increases, while everything was down in the market Yesterday we had sushi swap up seven point three percent another platform: token, while maker is up five percent, and then we have leo up two point: four: eight percent and the overall market still being down with revain down 23 theta fueled down 18 bitcoin gold, taking a Huge hit now right now the focus that many new investors should have is just looking at the price of bitcoin once we're able to figure out the stable zone for where bitcoin may head. That's when we can expect to see a lot of that flow back into all coins, but until we do no matter how great of a project a lot of these all coins are, we are not going to have that huge explosion.

Price, like we saw in the past few months until we get more action with bitcoin to the upside. So, with regards to bitcoin news, 2.5 billion dollars worth of bitcoin options will expire bears, have a potential 450 million lead if bitcoin fails to hold 32 000 until june 25th, 87 of the right to buy or call options have been placed above 34. 000. Therefore, bitcoin stays below that level.

Only 200 million dollars worth of open interest from those neutral to bullish contracts will part take in the june expiry. Meanwhile, 46 of the protective put options have been opened above 34 000. This represents a 510 million dollar open interest, giving those neutral to bearish contracts a significant advantage. The 310 million difference favoring bears will be reduced by 190 million dollars if bitcoin trades above 36, 000 on june 25th.

On the other hand, bears can add another 140 million dollars of open interest by pressuring the price below 32 000. The potential 450 million dollar advantage is substantial and should not be ignored. So bitcoin is currently at 33 000 and they are well over that 32. 000 threshold - i am very optimistic on where we are going to end within the next few days, but we just have to see what's going to happen based on how quick we were able to bounce out of that hole.

I feel like we are in the green and i'll be going over some more wyckoff charts and some accumulation patterns that you need to know at the end of this video, that's going to give you a little bit more optimism too. On this end. On top of that guys, a lot of you have been asking me what this chart, what my patterns and what this app and platform is. This is weibull.

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So in case you didn't know, blockchain capital is one of the older and larger crypto native venture capitalist firms. With over 1.5 billion dollars under management. We can see the payment giants. Are hungry for bolder investment opportunities across an industry they believe in, but the need of a field guide to fully navigate.

So that is why they are using blockchain capital. They quote: there's nothing better than walking an early stage startup into the likes of a visa or paypal and helping them secure a commercial agreement and helping them make sure that on visa and vape pal side they have solutions for the product that they want to launch. Now el salvador is getting some pushback ever since they decided to announce that they would be making bitcoin legal tender. The deputy leader of el salvador's opposition party has filed a lawsuit against the government's bitcoin law.

The lawsuit is supported by a group of citizens that believe the law is unconstitutional. So what we can gather from this is that el salvador's pursuit in order to make bitcoin legal tender, they are facing a lot of obstacles. This is completely to be expected, especially with cryptocurrency still gathering more adoption on the front end, and i believe that this is not gon na affect uh el salvador's stance on bitcoin. Much at all.

I do believe that we are still gon na see further progression on this, but you also have to take into consideration that el salvador is also a country with a legacy of corruption. I feel like any time. Bitcoin or cryptocurrency may interfere with anyone's agenda. They will have a part in trying to manipulate uh the fud that is happening with cryptocurrency, especially with the adoption of bitcoin.

Only time will tell how much this lawsuit will affect el salvador and where we're gon na see the progression, but for the most part i just see this as a hiccup and not really any uh notable or significant fud. So one last thing i want to talk about where we are in the wyckoff accumulation phase. A lot of people are reporting the wyckoff accumulation, without necessarily taking note of the volume with these trades right now, if we're taking the market cap, we're taking the volume and we're seeing all the price action, this could put us at the beginning of phase c and, Having this play out a little longer than we initially anticipated, so we had that dip and what's coming after, that, would eventually be the spring towards the upside. So it's gon na be really interesting to see what's gon na happen, regardless of all the flood that we're seeing in the news and the extreme fear that we're getting from the overall sentiment of cryptocurrency, especially with bitcoin, i would say right now, hang on to your Seats because we are definitely coming out of this hole at the moment, but if i'm being completely honest, i do believe we're going to see a lot of sideways action until the end of june so going into july.

I do believe that we may see a little bit more green pasture on the other side of the field and it's only a matter of waiting through these periods and if you don't realize your losses, you're completely fine. So this goes back to the point that anyone who has been invested into cryptocurrency unless you put in your life savings unless you need this money absolutely tomorrow, there's no reason you should be selling through these periods when bitcoin is taking a low. I see all the comments. I see all the fun of people saying: oh, it's gon na go to zero dollars.

That is never ever gon na happen with bitcoin right now. The overall sentiment is low. The bears are getting louder only because the price of bitcoin has fallen, but just give it a few weeks and we'll see where we are then now unrelated to crypto news today, the first day of amazon prime day draws most online spending so far in 2021. So sales, during the first 24 hours of amazon's mega sale, which kicked off at 3 a.m et on monday, are set to surpass 5.6 billion dollars representing an 8.7 growth year over year.

So, even though the crypto market is down, it looks like this, isn't stopping a majority of americans from shopping on online stores, and you can see amazon at thirty five hundred dollars. So people are making a little bit of money with this trade and, within the last five days, amazon has been doing well, uh sitting at thirty four hundred dollars and up a hundred dollars in their stock. All right guys! Thank you all so much again for watching this video. So the secret phrase word for this.

Video is water comment that down below, if you guys, are watching this all the way till the end don't forget to subscribe, and i've been getting a lot of questions on when inner circle is going to open back up. Currently, we are still sold out on our positions, but follow me over on twitter and on instagram, where i will be publishing some additional news on whether spots open up for our membership group. In addition to that, don't forget to check out the links down below in the description two free stocks with weeble. You can also check out blockfy, depending on how much you deposit you can get up to 250 with them and on the bare minimum.

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Using my link down below stay protected, stay safe, everyone's trying to get everyone's information nowadays make sure you're using a vpn for the computer or your ipad or your phone. My code will give you a discount that you guys can check out down below. Thank you all. So much again for watching tune by the next video i'll, keep y'all posted, much love peace out.