Everyone welcome back to another video, so the entire crypto market is red right now. Is this the time to panic? Is this a crypto winter? Is this the crash of the entire crypto market? I'm gon na be sharing with you in this video. Why right now is not the time to panic and why right now is actually a good opportunity for most investors to take advantage of now before we get started with this video, i do need to apologize. I need to apologize because i haven't uploaded a video in the past few days, because i was spending some quality time with my family for father's day for my siblings birthday and it looks like every time i take even just a few days off of youtube.

The entire crypto market just comes to a crash. Last time i was in miami florida for the bitcoin 2021 conference. I took one week off it took just one week. The entire market was read that week.

So if you guys want to help out the entire cryptocurrency market, i need to ask you a favor: go ahead and drop a like down below on this video, because it's going to incentivize brian junk to make more videos, thus helping the cryptocurrency market. Because i have a huge influence over what the prices do all kidding aside, i don't think what i do has an influence, but it is very interesting to see that every time i do not upload a video, the market is just tumbling and free falling. So we're going to get this up and we're going to see what happens - maybe it'll start going back up, but guys today, let's talk about the crypto market. First of all, it's down 1.33 trillion dollars right now or down 11.12 percent.

Over the last day. Bitcoin's dominance is currently at 45.74 and, as you guys can see, every cryptocurrency is down over 10 to 20. It is an absolute bloodbath. If we go into the 24 increases, there is no cryptocurrency that is green today.

That is not a stable coin. It even says the stable coins are red when technically they're still at a dollar on coinmarketcat.com. So we look at some of the biggest losers for today this is going to be dogecoin, pulling back to 20 cents, and i'm gon na be sharing with you exactly what this means why dogecoin is pulling back so much and whether or not this may be a Good opportunity to pick up some dogecoins at a pretty low average cost now guys going back into the charts. We first need to talk about bitcoin because, regardless of whatever happens fundamentally with any alternative coins on the market, nothing will move unless bitcoin makes movement first.

This is why it's so important for us to hear about where bitcoin is what's happening, with bitcoin on a fundamental standpoint on a technical standpoint and a little bit of on-chain analysis as well. So, first of all, i want to talk about good news right micro strategy. We got microstrategy buying 13 05 bitcoin for 489 million dollars and they now hold over 105 000 bitcoin. You guys didn't know.

Microstrategy is led by ceo, michael saylor, based out of the dmv area, surprisingly, believe it or not, and microstrategy now has a hundred five thousand total bitcoin, completely nerfing tesla, who only has less than half of how much they have and then really just absolutely dwarfing. Any other publicly traded company, so all of these publicly traded companies that have stated that they have invested into bitcoin are the ones listed right here. Microstrategy is showing good bullish news because they are still confident in their strategy they bought in at bitcoin. Before we had this market pullback, but it doesn't seem like michael saylor - is worrying one bit at all.

They bought at 37 617 dollars in the millions and millions of dollars of range, so you got ta. Imagine how much money that actually is, but bitcoin today is sitting at thirty two thousand seven hundred four dollars. Micro strategy is a company that you can publicly invest in. This is robin hood and you can see in the last week they are down 2.71 percent.

In the last day. They are down 9.71, but check this out in the past month. They have gone up 585.75, starting at 453 and up 27 in the past month. If we look at the three months, they've been taking a little bit of a dip, since bitcoin has had a bit of a pullback too within the market, but since the last all-time high of 1041 dollars, they have been having a great year.

So far, still up 392 percent as well. Now. The whole reason why i bring the price targets up to you for microstrategy is because, even though bitcoin has been bearish, if you can't stomach any type of volatility, if you had entered microstrategy in the past month, you'd still be bullish within a crypto related company. So aside from some of the publicly traded mining companies aside from any etfs or even any large trusts that hold a bitcoin microstrategy has been proven to be bullish just in the last month.

So if you do want to invest into cryptocurrency or make money in cryptocurrency, there are a ton of ways to do it and i still see microstrategy as a viable option in this market today. Now guys, aside from that, i do have some cryptocurrencies that have been on my watch list, but i've slowed down a lot of my crypto buying and i've just been dollar cost averaging slowly every single day into these positions automatically ethereum down two thousand dollars. So they are at one thousand nine hundred fifty three dollars: finance close to 300, again cardano back at a dollar 28 cents, and on top of that we got chain link back at 18.59 and polygon or matic at a dollar and 22 cents. You know, what's really fascinating to me during these times is how much the overall fear and greed index really affects the price of bitcoin.

As you guys know, people were so anxious and people were so excited to buy bitcoin. They were liquidating all of their assets and possessions in order to purchase bitcoin back when it was at sixty thousand dollars, but now the fact that we're at thirty two thousand dollars it's deterring a lot of people. Now. I think it's just because of the short-sightedness that many new investors have with investments like this uh.

When you take a look and take a step back, many people who did enter cryptocurrency were on the premise of all the raging all coins, thinking that, if they invested now in the short term run, they can make possible gains of a thousand plus returns on some Of those meme coins, so i do believe that a lot of the hands that are holding crypto were a lot of people who, i would say, are new and that don't have those strong diamond hands. So if you have paper flaky lettuce hands, i just want to say: if you happen to be holding cryptocurrency right now is definitely not the time to sell. Do not panic sell your investment, because we've seen this happen three or four times with cryptocurrency. Just in the past few months, so if we take a look at the price volatility, bitcoin will dip all the way down to 32 000.

Come right back up dip down again come right back up dip down again come back up dip down a little bit more. Go back up to what we experienced in the past week and then dip back down, but overall in the past month, it's been so sideways that we haven't really been breaking out out of this consolidation phase since the uh end of may so in the past month. If you have been going through volatility - and it seems like crypto - has just been going down and down and down zoom out of the picture and realize yes, we have been going down from the last all-time high of what we've had of 64 000, but even in The past year, bitcoin started one year ago today at less than ten thousand dollars and we're still at over thirty two thousand dollars today. But for me everything is a long term gain.

You can see how crazy and vicious the bull cycle was this time, and i don't believe that we are near the end of it at all. Although we're getting this type of consolidation, i still believe that there is a strong chance that we can have a breakout and we can have mass accumulation happening again in the next few weeks. I don't think it's gon na happen tomorrow. I don't think it's gon na happen the day after that, i think in the next few weeks, if you're patient and you have strong hands, your investment is gon na pay out.

So the next article we need to talk about is all of this fud. Coming from the chinese government, so the chinese bank promises to step up cryptocurrency, ban the four major state-owned commercial banks and payment service, alipay promised to step up monitoring of customers and block use of their accounts to buy or trade cryptocurrencies. They quote: customers are asked to be more aware of risks, safeguard bank accounts and not to use virtual currency related transactions. China, construction bank ltd said on its website now, although this would naturally look like bearish news.

We have to emphasize china's natural narrative and trying to be the authority trying to be in the all-consuming authority in the government and overall space. You got ta, take a look back and look at china saying this type of fod over and over again in the past decade, since bitcoin has been around so check this out monday september 11th, 2017 bitcoin price falls again on reports that china is shutting down. Local exchanges, or how about this monday november 25th of 2019, just a few years back, bitcoin sinks, the lowest level since may falling three thousand dollars in a month as chinese accelerates a crackdown or how about this? China bans banks from handling bitcoin trade in 2013, or even this beijing bans bitcoin, but when did it all go wrong for cryptocurrencies in china back in 2018? I think it's safe to say that this narrative and this fund that we're getting from china is nothing new. At all and if you're a new investor - and this is the first time you're hearing about this - only the uneducated or the bears of cryptocurrency are gon na say that this is a huge deal when, in reality, this is stuff that the long-term hodlers have been used To if we don't hear any news about china talking about banning bitcoin, then something is wrong in the industry.

Just know that it's like clockwork every month or so every time we get a dip in the price, then it seems like a lot of these mainstream media outlets have a button where they call their guy and say hey. This is the time push it out and they'll talk about china banning bitcoin again, but guys. We have been seeing a lot of news where exchanges are making changes. They are making moves.

They are changing headquarters for the most part because of how decentralized cryptocurrency is it doesn't matter what china does, although there is a lot of buying power on that end, the overall development and where cryptocurrency is headed will still get there regardless. If china decides to pick it up or not now one piece of article that i do need to mention that can get filtered in with the fud. I do believe is a little bit more of facts behind this one, and this is china to shut down over 90 of its bitcoin mining capacity after local bans. So many bitcoin mines in southwest china province, sichuan, one of china's largest cryptocurrency mining bases, were closed.

As of sunday, according to after local authorities, ordered a halt to mining in the region on friday, amid an intensified nationwide crackdown against cryptocurrency mining, the ban also means that more than 90 of china's bitcoin mining capacity is estimated to be shut down for at least the Short term as regulators and other key mining hubs in china's north and southwest regions have taken similar harsh steps. The notice listed 26 firms that had been inspected and reported as potential cryptocurrency mining enterprises. The notice also ordered local electricity companies to immediately stop supplying power to crypto mining projects. They have detected and conduct self-inspection and rectification and report the results by friday.

Also, it banned local authorities from approving new mining projects. So this right here i would consider more realistic. Fud for cryptocurrency and bitcoin, but we did also get an article uh china, logistics firm in guangzhou, confirms to cnbc it's airlifting 6600 pounds of bitcoin mining machines to maryland usa. So i don't really know why, out of all the states they chose maryland, but guys i'm honored.

As a fellow marylander, i will have my doors unlocked and have a place in my very tiny apartment for them to uh place their crypto mining equipment, because i am in favor of crypto, and i will support so with china. Deciding to ban a majority of its mining operations, this was reported to be both a good and bad aspect of cryptocurrency. Now. The reason why this can be bullish is because, since bitcoin has been operating on that proof of work concept, you have to realize that whenever we have a large group or large mining operations or a single country, that is a majority of the hash power for bitcoin.

It can get very risky for that cryptocurrency and it can beat what we talk about in terms of decentralization with how this all works with bitcoin mining operations in china. Coming to a close. What we'll notice is that they will make a move. They will come out of there.

They will fight the regulation if they can't we're just going to have other mining operations from all around the world. Potentially, the united states, where we have two large, publicly traded companies that are going ham at this as well, where it will take over as well now in terms of a technical aspect, we have the bitcoin death cross, which is one reason why bitcoin has been going Down in addition to the chinese flood that we've been seeing lately in the news on top of the natural weekend, sell-off that we get so, as you guys know, for the past few weeks, for the past few months, we've been talking about how cryptocurrency entered these cycles. During the week we usually get a strong boost, wednesday, thursday friday we get a lift off and then saturday, sunday monday, we usually have a little bit of a sell-off. So i believe, with a combination of everything going on in the market.

In addition to the technical aspect of the death cross, which i believe was a self-fulfilled prophecy, this could have been the actual reason, but as soon as the death cross hit, we did begin to see a minor sell-off to where we are right now, with bitcoin at 32, 000, but surprisingly, the biggest hit that we're seeing is coming from all of those all coins, especially with cryptocurrency like dogecoin, which i believe are just all new retail investors, who are just paper, handing their trades and panic selling at any sign of volatility. Now the good news out of all that is that, even though we hit the death cross, we haven't been seeing a huge break in the support levels. And if we're still looking at the wyckoff accumulation phase, which we have been spot on with a few uh technical data analysts that i've been following in terms of their chart patterns, we're still right on track for a pretty bullish foundation. So if you guys are holding right now, the recommended advice, at least on this chart is to short, i never recommend anyone to short anything or even cryptocurrency.

We've just seen the negative pitfalls and the infinite amount of money you can lose any time. People decide hey. This is an overly shorted position. Let's band together, let's get the homies together and you can see what happened with amc, gme and the wall street bets crowd and see that you never want to be shorting any type of positions.

But if you are a more experienced trader chances are you are able to find ways to make money in this market, but i do believe holding long term is still going to be the method to go. So a lot of people were estimating that the y cough accumulation phase was happening way quicker than we were anticipating, as you guys can see, at least on this chart. We are still in the beginning of phase c, which we have not entered and if we're able to break out of phase c and phase d and we're still following this chart, which we have been for the past few months ever since we had a little bit Of that market crash back in may you'll notice that we are still right on track for a possibility of going to 54 000 now, although the technical aspect is very entertaining and it's good to get a idea of where we could go historically based on the data, A lot of this is still up in the air and that's why a lot of these tas really don't know exactly where this may head and a lot of people are still speculating on the price of bitcoin, so the most op god tier technical analysis chart that I believe is on the interwebs right now is going to be the winnie the pooh doing the nothing chart. So this is just gon na be a little bit of rhetoric just on the fact that everyone's trying to ta and chart and pattern out what may happen in the next few months.

But you know, a lot of this is still up in the air and doing nothing huddling during these times may prove to earn you much higher rewards now. My biggest tip for any new investor during this time is to definitely not panic. Sell on a day like this, i know when the market is red, it's hard to see the optimism and the good and where crypto is headed, but fundamentally nothing has changed with any of these investments. You can consider looking at these investments as a sale, because we are taking 14 or 15 dips for a swing trade, which is when you enter a position, say on a sunday, and then we enter right back where we were just a week ago, where bitcoin is Back at 40 000, you can enter close.

These positions make up your losses off of a swing trade. This is not recommended for anyone who is a new investor. I do believe, if you just huddle through these times, you can still come out ahead, especially if you're holding these investments for a long term run. I'm still sticking with my strategy as an investor and that's the dollar cost average small amounts into bitcoin, regardless of whatever happens in the price, because i'm not here for 1 000 returns tomorrow and getting disappointed at the fact that if it doesn't happen, then i'm completely Out, i'm in this, for the long term run and for all the people that have become multi-millionaires people have made a fortune from cryptocurrency are the ones that have been patient that have strong diamond hands since the beginning of time.

So, if you're able to survive whatever we may approach, whether this is quote unquote that winter, that some people proclaim it is or whether it's just another dip in the market off a distribution pattern, i believe, holding long term run. You are still going to be very, very profitable and you're going to thank yourself for not panic selling at the bottom during this time now guys that was my video for today. Don't forget to comment today's secret word and that's going to be kermit. The frog comment down below just because it's green, it's the opposite red.

The market is red and we need a little bit of green energy in the market today. So, thank you all so much again for watching don't forget to check out the links down below in the description block fi. You can get up to eight to nine percent apy back on your cryptocurrency investment. If you're going long put it in there put it into a stable coin and start earning money while doing nothing at all by using my link, you'll also get a free welcome bonus as well check out weibull link down below in the description two free stocks, one Value up to 1850, where you can trade, both stocks and crypto, and they have a killer killer, macbook ios desktop app.

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Hopefully, y'all don't get freaked out by this ride in the market, because something's telling me that we're gon na come out just fine all right guys. Hopefully you enjoyed this video and i'll catch y'all in the next one. Peace out.