So this weekend was definitely a rough ride, with bitcoin pulling back to some lows that we haven't even seen since march now sunday evening. Bitcoin had dipped to 47 000 before seeing a huge rebound to the start of this week. So in this episode we'll be covering everything you need to know about the recent price action of bitcoin, whether this is still a good time to invest and what you should consider doing, moving forward with my non-financial advice. So, in the last episode of dragon ball jung, i had put five thousand dollars into my gemini account and you might be shooketh by how much my investment grew in the matter of just a few days.

Let's check it out here, alright guys. So what i have pulled up right here is my gemini account and with this investment of five thousand dollars, my account is now valued at five thousand nine hundred sixty-five dollars. So we did this friday. All together, everyone on youtube was watching it with me.

We invested five thousand dollars of my own money. Today is monday. I've not changed a single thing. I have not deposited any additional funds and in a matter of a few days, we made a thousand dollars with this portfolio just by timing, the market a little right now.

I want to talk about this because a lot of people keep asking me brian. Should i time the market, what should i do? How do i make a quick, easy thousand dollars with cryptocurrency, we'll be covering a lot of your questions in this video now, first things. First, i do not recommend anyone to follow my trades or think i'll be right. A hundred percent of the time - because i am not regardless whatever happens in the market, i know i have my entrance and exit strategy and i try to take all emotions out of the trade, but at the end of the day i want you guys to all Know it is okay to celebrate those wins.

By sticking with my initial plan, i was able to create easy profit trading crypto and even pick up some additional coins on a great sale. I try not to invest when the market is at an all-time high and everyone thinks it's gon na keep going to the moon. I try to invest when everyone starts freaking out and it opens up opportunities where people can get discounts on certain cryptocurrencies or investments, whether it's in stocks or anywhere else. Now i mentioned some key points in my last video that came to fruition, and that was we would see another dip on the weekend before seeing a massive rebound at the start of this week.

Look guys for months and months, we've seen the market do this, and, if you're averaging into your investments, i believe, based on historical data. Sunday is the best day to set up. Reoccurring buys with your platform honestly that piece of information could be worth hundreds of thousands of dollars depending on what type of trader you are, and you could exit out of this video right now and be like wow. I learned a lot brian jung made me some money today, but that that's not all we're going to do we're going to go into the technicals we're going to talk about some more in-depth information, and we got some pretty interesting breaking news to cover as well before.

We get started. I have been getting hundreds of messages requesting way on how you can follow my trades, get access to my research or know what top crypto currencies i'm looking at before. I even consider making a video on youtube for it. So, in order to solve your problem, i went ahead and created a patreon with access to all of your requests.

If you want behind the scene, a special access to my work and even some weekly private live q and a's, where you can ask me any question that you have check out that link down below, and hopefully this is gon na - be a way for me to Give back even more to you guys now back to the outline for today's video we're gon na first cover where the crypto market is right now and analyze any type of significant movements of price fluctuations that you should definitely be aware about. We're also gon na cover. Some hot crypto news and last but not least, share with you what you should be looking out for before we approach the beginning of may i just want to mention: isn't it crazy y'all how we are like we're almost in may we're almost halfway through this year. It is absolutely crazy how fast time flies.

I just want to say if you're watching me right now. I don't think this happened by chance and i just want to say thank you all so much for tuning by now. One last thing: please be careful of any whatsapp scammers. In the comment section of my video impersonating, my profile or any other youtubers.

I will never be giving out my whatsapp or telegram number and these scammers out here: will they will steal your hard-earned money by claiming they can invest into bitcoin on your behalf and make these promising returns, ignore those comments and per the usual don't forget to let Them know that they are a loser and they need to get a real job, just a friendly reminder, if you have not yet dropped a like on this video make sure to do that. Engaging with this content on youtube will open up the floodgates, so they release more valuable fire finance videos just like this, that are going to make you smarter and more richer throughout this year. One final thing surf shark is trying to hook up my viewers for this show with 83 off and three three months free if you aren't protected the link for that will be listed down below in the description now that we got that out the way, let's hop Into my computer and see what we got for today's video alrighty guys, so today's cryptocurrency prices by market cap is back to that 2 trillion mark and at a 8.9 4 increase over the last day. According to coinmarketcap.com, the total crypto market volume over the last 24 hours is 170 billion, which makes a 53 increase.

It absolutely blows my mind how fast we can see things change, because the sentiment back on thursday and friday was so negative. I was seeing it in the comments i was hearing it from the people. People thought it was the end of crypto and they were stuck man. I'm telling you this stuff happens really really quick and that's why you have to be educated and you have to know what you're doing.

They also state that the total volume and defy is currently 16 billion or 9.8 percent of the total crypto market. Within a 24 hour volume, the volume all stable coins is now 134 billion, which is 79 of the total crypto market 24 hour volume and bitcoins price is currently at 53 744 and 88 cents. Bitcoin's dominance is currently 50 a decrease of 17 over the day. If you don't know what bitcoin dominance is so, as most of you guys should know, bitcoin was the first and original cryptocurrency to ever come out, so when they were first released, bitcoin's dominance was 100 because there are no other cryptocurrencies.

This means right now. Bitcoin still owns 50 of the entire crypto market and we're going to continue to see this decline over the next few years. We're going to see a lot more. All coins we're going to see ethereum and any other projects getting a lot of what bitcoin had in value so and something i really recommend you guys to do is keep an eye out on bitcoin dominance.

A lot of people overlook this, but this is how you get a better idea of what people are doing in terms of sentiment for other altcoins. So bitcoin right now is up 7.74 in the last 24 hours and in the last week they are still down 3.55 percent ethereum right here is at 2400. up 8 and up 14 for the week. So if you guys have been following along my channel, you know that i am a huge advocate of if you were to choose between bitcoin and ethereum right now.

Ethereum still has a much farther way to go than what bitcoin could possibly do right now. I am in the process of liquidating my bitcoin and turning it into ethereum or any other projects that i am a strong believer in purely just because that's where i feel like i will get the most amount of percentage gains. Although we experience what i would consider another flash crash after the first flash crash, we had earlier this past week, we have seen ethereum continue to go up in this type of volatile market. What we want to see is separation with bitcoin and ethereum, and it's good that you're able to diversify your portfolio where bitcoin does decide to tank.

You know: you'll have some other cryptocurrencies that'll balance your portfolio out now for number three on this list. We have binance coin at 530 dollars and binance, as you guys know, is one of the leading platforms as well, and many people need to get binance coin in order to get some of the other altcoins on the market. They are ranked number three. They are crushing.

It right now and we're just going to continue to see them grow. So the next coin that i want to discuss very briefly was xrp. They are up 18 in the last day. That is absolutely amazing.

I've been keeping up with all the news. I have my own thoughts about xrp, which i'll make a full dedicated video on and once they get through this lawsuit, even whatever direction happens, i believe that xrp is gon na do well. I'm gon na make a full video on this before going into the deep dive, but, as you can see last seven days, it still says they're in the red. But if we take a look back towards the one year chart man, they are having a nice bounce back up, so some other cryptocurrencies to recognize.

I mean we're having a green day overall for the market. If you guys enjoy the green drop down a like. I don't know how they correlate, but just yeah. Now, unfortunately, we have dogecoin down about 33 for the week at 26 cents.

Their all-time high, i believe, was around the 40 cent range. I do believe. Doge is gon na have another pump, but just because, on 420 day, doge did not make any type of move and they were doing the opposite. They were going down.

That was a really scary time, just because doge has no intrinsic value and they're solely based on the social aspect of what people believe. Doge should be worth. So if we have a day like 4 20, where everyone's hyping it up and it's not like it didn't even go up a lot or a little bit, it's that doge went down on that day it it doesn't add up. So i hope there aren't too many people left holding the bag on doge.

I do believe that it is gon na have another run up later this year, but after that, i'm not sure how much more we're gon na see with doge. For me, i haven't sold any of my doge positions. I invested, i think 100 or 200 bucks about six seven months ago, and i've been holding that that investment is around. I think fifteen hundred dollars right now, i'm just holding it as schmuck insurance.

Even if i pulled out my average investment of 200 that 200 amount isn't gon na make or break my life, so i'm just gon na keep everything in there if doge happens to go to a dollar i'll reap some of that benefit. That's when i'll decide to sell alongside everyone else, i feel like in the world is planning to do so as well, but uh, that's what i'm doing right now with my doge, so polka dot is having a nice little recovery too. Uni, swap is another thing that i wanted to talk about later this week, so make sure you guys subscribe, because we have a lot of interesting content that i want to discuss. V-Chain it's been rough, i'm not gon na lie.

V-Chain has been going through the dumps. I still strongly believe that this is a coin worth looking out, for they went up 6.47, but they're still down 20 for the week. I would keep my eye out on this watch, one of my top three or top five cryptocurrency videos. If you don't know a v chain, is i cover everything you need to know broken down for any type of beginner, trying to learn more about what this coin entails.

So they are down 20 right. This may be a good opening opportunity for any new investors. You don't have to put your entire life savings in there, but i do recommend adding it to your watch list. So what you have to realize with bitcoin and any other cryptocurrencies, is that we're still in the middle of this bull run? I don't see it slowing down anytime soon, but i do know that at some point it's going to come to an end and we're going to start correcting massively so make sure that you pay attention to what's going on in the market.

You do not want to be someone who invests in right now and gets left holding the bag. There are going to be other youtubers continuing to say this. All coin is going to the moon. This all coin is going to continue going up, get in now, get it now and they never talk about the risks, and this is something that you need to know.

This is something that i emphasize all the time, because if you're a new investor and you get shooketh by the market and you get burned, you may never want to invest again and that's not how this works. There's a lot of opportunity to grow right now, but if you get over ambitious about your investments and you don't have any type of exit strategy - man, it's gon na hurt bad when this market starts coming to a fall and we've seen this in the past. When i was watching crypto youtube videos two three years ago, with our last bull run, there are many other channels that ended up just dying off because they never taught people how to properly exit. So by being a viewer of this channel.

Not only am i going to teach you about cryptocurrencies to enter, i'm always going to focus on the exiting part. I want you guys to leave these investments with a good profit and understand what you want to do next, so you end up making more money. Alright, so here's something i really want to share with you. That's so important right now in the cryptocurrency industry, jp morgan to let clients invest in bitcoin funds for the first time.

Let's go over some of the key points of this article and share with you exactly what my thoughts are and what this means for cryptocurrency, so jpmorgan chase is preparing to offer an actively managed bitcoin fund to certain clients. The jp morgan bitcoin fund could roll out as soon as this summer, two sources familiar with the matter, told coindesk so scrolling down it states, jp morgan, ceo, jamie dimon, called bitcoin a dangerous fraud in 2017, threatening then to fire in a second any trader who touched The stuff he claimed, if you're stupid enough to buy it, you'll pay the price for it one day, while he quickly walked back the fraud label and has more recently toned down his rhetoric diamond who has repeatedly argued that government regulation of cryptocurrencies is inevitable maintained. Last year, that bitcoin is not my cup of tea, despite its ceo's personal disdain for the crypto top deputies within its corporate and investment banking division acknowledged in february that client demand might force the institution to change. Jpmorgan's hulking investment, commercial, banking and wealth management divisions have gradually evolved in the treatment of crypto and blockchain.

Even if the client facing bitcoin fund is new. The bank's research analysts regularly issue market insight on bitcoin's price and prospects in reports available to clients on the investment banking side. Jp morgan issued its first crypto adjacent investment product in march, a structured note tied to the performance of bitcoin proxy stocks like micro strategy and riot blockchain. Here on your screen.

It says: jp morgan, bitcoin is worse than tulip bulbs, it won't end. Well. Also, jpmorgan will be offering a bitcoin fund to our clients for everyday people and regular new investors. The best news we can receive is statements and proof of big banks, adding cryptocurrencies like bitcoin to their balance sheets.

When institutions really begin to recognize and consider putting their cash reserve into bitcoin as a store of value and hedge against inflation. Not only will that save them billions upon billions of dollars, that's when the crypto really starts to take off now, although retail investors have power in numbers, we really can't compete with the volume that these giant whales offer right now. Bitcoin is still very early, and we know this because of speculations from large corporations and the volatility and price of the market. If you didn't know, bitcoin in five to ten years will not be moving up and down ten percent.

Over a weekend like we recently saw when we get to the 300, 500 000 or 1 million dollar level resistance. That's when we'll see a few amazing things start to happen. One of those things is anyone holding bitcoin right now is going to be very, very well off and number two. The dominance of cryptocurrency won't be able to get ignored like we still see within a traditional finance industries.

I know it sounds crazy to think about a time in the future where bitcoin could possibly be worth a million dollars, but let me tell you that change is inevitable. Look if you have information from youtube channels. Just like this. You can begin to take that knowledge.

Invest and average into some of these coins slowly now pulling back out to the jpmorgan article, because this bank is really considered one of the industry leaders. We should now see other banks like morgan stanley, goldman sachs and branches worldwide. Consider implementing the use case and adoption of bitcoin as a more culturally accepted part of traditional finance. Now i got to give love to any of my technical viewers, and i found a great article here to discuss the put call skus to determine if our market has.

Finally, bottomed out and if we should begin to see a next run soon so put call skus measure the cost of puts relative to that of calls and they're seen as a gauge of the market's bias. If you don't even know what puts or calls are here's like a good uh, just visual that you can see with regards to what you should know, so this comes down to what options trading is i'm just gon na read straight from here options contracts offer the Buyer, the right, but not the obligation to buy a call option or sell what we known as put options the underlying asset at an agreed upon price during a certain period of time or on a specific date, put options. Allow selling of a shares. At a specific time, buy or call options allow you to buy shares at a specific time.

This differs from stocks in that they do not represent ownership in a company. So we go back to the article. Let's talk about what we can learn from this put call skus measure the cost of puts relative to that of calls and they're seen as a gauge of the market's bias. However, the metric has come off sharply to six percent from highs above 20 percent.

Seen last week as an indication of reduced bearishness, according to some analysts, it's a sign that the market has bottomed out. Market chatter shows some investors are skeptical about the sustainability of the price bounce. As a weekly chart, macd histogram, an indicator used to gauge a trend, strength and trend changes has crossed below zero in a sign of a bearish shift in the market sentiment. It states here in a tweet.

The larger issue is now that we bounce can bitcoin break through overhead resistance around 57 000 remember. We still have a weekly bearish cross on the macd and those are htf signals we have to see. If this is an oversold bounce or something more significant time will tell so we still have a vast wall to neutralize the recent sell-off thoroughly. However, right now is an excellent sign of how fast we could bounce out of the mid 40 000 range with bitcoin, with the average volume of bitcoin breaking records.

This could result in another crazy, altcoin season, because we see this time and time again, where newer investors put their money into bitcoin only to later transferred into other all coins in the market. If you want to know what all coins are the next moonshot cryptocurrency i'll be spending the next six to eight hours after filming this video editing and posting it up. So i can research and get that info out to you so make sure you subscribe and have that notification bell on. So you don't miss out on that upload.

Anyways guys. I hope you enjoyed today's video. Don't forget! You can pick up two free stocks with weeble, using my link down below one valued up to eighteen hundred dollars after you deposit, a hundred dollars into the app with weibull. You can trade, both stocks and crypto on your computer or on your phone.

If you also want to check out gemini, it was the crypto platform that i was using at the beginning of the video. I highly recommend it if you want an easy to use app with cheaper fees. Now, if you have some crypto laying around in any one of your accounts, coinbase crypto.com gemini, you can go ahead and earn interest by checking out blockfi, where it's like a savings account for your crypto and, depending on how much you deposit you can get up to 250, using my link down below keep in mind in order to be eligible for the 250 you have to deposit. I think it's like 20 000.

So if you can't deposit that much money, you can still get up to 25 or 15 back depending on that minimum amount. You deposit, on whatever the rate, is right now at the time of this video one last thing: 83 off and three months, free with surf shark, i've been using surf shark for this past year. It is the best vpn service out here. Keep your internet connection secure.

If you're learning about all this crypto and you're, trying to get into decentralized finance and everything involved, might as well protect yourself check it out down below surf shark is hooking it up for people who view my show, like always. Thank you all so much again for watching. Follow me over on instagram and twitter links down below in the description as well have a blessed day crush this week and also see you guys in tomorrow's video peace out. Wait one last time.

Actually we have a. We have a code word, i forgot to say code word, because the market's green today we're gon na do green hulk, so comment down green hulk if you're watching this video all the way to the end - and i know that y'all are a real one. I apologize that today's upload was so late. I did have to get like a follow-up eye exam and it took much longer than i expected.

I was trying to get this video out at 12 o'clock at noon today, but i think it might be it's five o'clock now. I'm gon na try to get this up at least before eight or nine o'clock. If it's before, then i'll be a happy camper, i don't want this day to go to waste. Hopefully y'all learned a lot.

Thank you again. So much for watching y'all are amazing love. My jungy fam links down below in the description see y'all in tomorrow's video peace.