crypto dip
LARGEST DISCOUNT EVER: 🚨🚨🚨Save $282-$2000 using code ✅✅✅BLACKFRIDAY!✅✅✅ Expiring 11:59 p.m. on BlackFriday 🚨🚨🚨 https://metkevin.com/join
The price of Kevin's investing programs increases over time as more users join and more content is added for free. Join today and lockin the lowest possible price, guaranteed.
Useful:
🚀INVEST w/ Kevin: https://metkevin.com/cashflow
🏠Real Estate ONLY Videos https://metkevin.com/realestate
🤑Stocks ONLY Videos https://metkevin.com/stocksonly
📟Federal Reserve ONLY Videos https://metkevin.com/fed
🚀 The Meet Kevin Show: https://metkevin.com/podcast
Programs
🏡Real Estate Investing https://metkevin.com/invest
🤵Real Estate Sales https://metkevin.com/Sales
💰Stocks & Money https://metkevin.com/money
🧰DIY Property Management, Rental Renovations, & Asset Protection https://metkevin.com/DIY
⚠️YouTube Program [Make Money from Home] https://metkevin.com/youtube
🎥Private Livestreams https://metkevin.com/live
Use Coupon Code ✋💎🤚BlackFriday✋💎🤚
⚠️⚠️⚠️ #crypto #dip #bitcoin ⚠️⚠️⚠️
the crypto dip. bitcoin dip.
bitcoin etf.
📝Contact Information for Kevin & Liability Disclaimer: http://meetkevin.com/disclaimer
Videos are not financial advice.

Hey everyone me kevin here well well, well, bitcoin is facing a big test and so are a lot of cryptocurrencies this week. Let's talk about that, but also go through some other updates that are going on, then we'll look at some ta and see what's going on with price action. First, a new study done by the civic science foundation found that four percent of respondents to their survey quit their job because of gains in cryptocurrencies, which is really really incredible of that four percent. They were primarily lower income individuals, 27 percent of them made less than twenty five thousand dollars.

Thirty seven percent made between twenty five and fifty k. That means sixty four percent of people who quit their jobs because of crypto were making under fifty thousand dollars a year and hopefully have been able to change their lives. Because of this, this is so really cool. This is uh and congratulations to those individuals uh.

This uh - this was also uh, talked about under a headline one. In 25, americans quit their jobs due to gains in cryptocurrencies uh. That sounds a lot bigger than four percent, but we'll go with it anyway. The survey was conducted in the month of october.

Had approximately 1200 respondents pretty respectable sample size for this type of survey, remember sample sizes and statistics are all about trying to find a representative random population 1200 is not bad for for this, but either way four percent uh of quite frankly, if, if we could extrapolate This to represent america if this was truly a random survey, and if we were able to determine that four percent of the labor force is broadly quitting the workforce because of cryptocurrency. It's worth noting that's about six million workers or about five hundred thousand workers, not going back to work, uh or potentially quitting every single month for a year. So, in other words, one of the reasons maybe we're seeing bad unemployment numbers is because crypto has been doing so well. Now, obviously, we're in a little bit of a red moment here with crypto coming off some of the all-time highs that we've recently hit, which we're going to talk about in just a moment, but really incredible survey younger investors worth noting also much more bullish on crypto Than older investors, when asked, do you expect it to be wealthier than your parents as a result of your cryptocurrency investments? 18 to 24 year olds, uh, 37, uh? Well, actually, uh 21 of them said yes, and only uh 10 percent of 35 to 54 year olds said yes.

That means you have twice as much enthusiasm amongst 18 to 24 year olds than you do. Between 35 to 54 year olds, a lot of maybes and uh, actually quite a lot of no, i don't hear, do you expect to be wealthier than your parents as a result of your cryptocurrency investments? No, i don't. I wonder if the no i don't somewhat represents a little bit of a disappointment and how difficult it has been to buy uh larger assets. Uh for for people's household portfolios, usually like real estate, because real estate prices have moved uh so substantially, but uh more more.
On uh or more on real estate in a different video uh, also by now, i'm sure you've heard that the stable center is rebranding to crypto.com. It is a 20-year deal. It is effective. Christmas day the staples center has been called the staples center since its inception.

In 1999, it'll be the first time it's changed its name also. We just had regulatory approval for the selling of 56 million dollars in illegal cryptocurrency from a 44 year old promoter of bit. Connect. Remember that one bit connect.

Oh man, uh we've also got chinese authorities again this week, uh doubling down on their quote full scale crackdown on cryptocurrency mining. This is potentially leading crypto uh, specifically bitcoin, to fall under its 60 000 dollar support line. Uh. Let's now talk some technical.

So if we look at some technicals for bitcoin here and then we'll look at some price action on some other coins, we we definitely have seen bitcoin now fall under its 60 000 support and it really slow bled out to get under 60 000.. Now, let's go out to 30 minutes just to compress this a little bit more! You kind of see this over here. This is uh. This is your 60 000 uh, i'm sorry! This is your 63 000 level here.

This is 60 000 right here. So we had a quick drop from about 63 8 to 60.. We rubber banded here, but we really had this sort of slow bleed out that stretched out over the last few days here and then all of a sudden. We got a sharper sell-off right around 59 000, and that brings us to where we are now, which is actually under our 58 000 support line.

This is a pretty important support line. We've been bouncing off of this quite a bit here. If we look at the one minute chart, we fell below it, we dropped down an oversold to about 56.6. Now we're bouncing off that 58 line.

We're dropping again at the moment at the time of this recording. This 58 line is very, very important because if what we see happen here, uh is the same thing that ended up happening at the 60 000 line, which is we rubber banded around it for a couple days. Let's go ahead and look at this here: let's zoom out a little bit: let's go to 30 men here there we go okay, so we see this rubber band around here. It lasted from november 15th at about 8 p.m.

November. 15Th. 8. P.M: lasted until about 8 p.m.

On the 17th, that's about two days of rubber banding, mostly below the support line, creating obviously resistance. Now we are beginning a potential rubber band under the 58 level, if we end up sitting here for a couple days and we can't keep it up over 58. Personally, i believe that we are heading to 54 000.. Now the 54 000 support line is not a very strong support line.

We have a much stronger support line at 47, 000 with uh 4, seven thousand one hundred and another one at forty, six thousand eight hundred, which really gives you a strong region of support right around the forty seven thousand level. This is a strong support line uh. I'm not thinking that we're going to be able to see a dip to 37 000 unless we saw some substantial liquidations, which is possible. The liquidations could go up if, if we did uh run to about 47 000, but i do believe that there is a good chance that there is a next stop for bitcoin at about 54 000.
I'm not sure if we're going to push down past that support line, but we'll see how price action is here, but right now the fact that we can't get back over 58 uh over the last uh sort of uh. You know two three hours here is something to pay attention to from a technical point of view now uh. If you look at bollinger bands right now, we are obviously we're at a relative low in terms of bollinger bands. I like to use trading view to look at bollinger bands, but uh it's worth noting that these will stretch with price action so, as with all technical analysis, there's always a downside to some ta and we did see right here.

Historically, bollinger bands always work better, as almost all ta does, but anyway we did see a bounce off of the bollinger over here at about that 56 six level, although we do and we're starting to see these compress a little bit here, which could be a good Sign that we're going to kind of stay at 58, hopefully break out over 58 and push back over 60.. That would be best case scenario, but if we do continue to get some negativity and some fun, whether that's out of china or it's because of bloomberg's notification on their expectations, that a bitcoin spot etf is nowhere near close, then we could potentially go down to that 54 000 level, and then these bollinger bands will obviously stretch down uh. So when i, when i hear folks talk about bollinger, remember it's it's all part of of much more ta and the news cycle. The big news piece, though, is, in my opinion, what bloomberg announced this morning we covered this live uh when the alert came through the bloomberg terminal, uh, the uh.

The notification had to do with uh the bitcoin spot etf would, which would be a way for potentially trillions of dollars to flow into the cryptocurrency markets, for people to in a low fee, lower risk method be able to buy cryptocurrency. Now the uh, of course, most cryptocurrency hodlers - are much more interested in holding their own coins themselves, which i am as well. In fact, i generally like to buy my coins on coinbase pro because it has the lowest fees and then i could transfer those to areas with higher fees. However, i have to say i'm very frustrated recently with voyager digital, because i transferred about a million dollars.

I was more like eight nine hundred thousand nine hundred thousand to a million dollars over in cryptocurrency to voyager digital and uh. Then i wanted to send my cryptocurrency from voyager digital back to coinbase pro to do some trading, but i couldn't because i was limited to a 25 000 per transaction limit, so kind of frustrated. By that i'm sorry per transaction is 250 000. You could trade 250.
000 within voyager, but if you want to withdraw from voyager to trade because they make their fees on their massive spreads at voyager, you can only withdraw 25 000 at a time. So it's very very disappointed about that. Uh, not happy. I feel, like i kind of got chinese handcuffed where it was easy to go in hard to go out right.

I don't like that, but anyway, obviously a spot etf would make a lot of cryptocurrency trading and speculating a lot easier. We would expect massive inflows into the market, and the market has recently been pushing cryptocurrencies to new highs in anticipation of an etf getting approved, but the sec has essentially thrown up its hands, suggesting that they don't believe that a regulatory agency or or a self-regulating agency, Like uh exchanges or whatever will be able to prove that a spot etf will not be manipulated or used for fraudulent purposes until there's some form of new law or legal framework and the sec can't create that new law or new framework congress has to do it. So we might actually be waiting for congress to act on a bitcoin etf and, quite frankly, i think before congress reacts on a bitcoin etf, we're probably going to end up seeing cryptocurrency regulation on stable coins, which could potentially be short-term fud uh, followed by then. Hopefully, uh regulatory action on an actual etf, a spot etf, remember, a spot etf would track pricing for bitcoin much more closely compared to a futures etf, which we have now, which came out with a lot of fanfare uh, you know over we've got billions of dollars In assets under management and some of these futures etfs - but these are - these - are dangerous.

These are expensive, you're, probably bloomberg's, estimating you're, probably looking at 10 in annual fees uh just because of backwardation and contango uh and and the way uh futures contracts, roll uh and uh you're pretty much getting a bad shake a bad deal if you're buying the bitcoin Futures etf to buy and huddle it, of course, if you're interested in buying and hodling. In my opinion, the best thing to do is just buy coin and huddle it. I am a cryptocurrency trader, i very i'm very, very passionate about trading and when i see momentum going in a certain direction i like to trade anytime, i do trade. I send alerts whether it's in stocks uh it's in options or it's in cryptocurrency.

I anytime. I trade i send notifications in my stocks and psychology money group which remember you could use the black friday coupon code link down below for that uh and generally, i am looking for trades on a day to a week basis for my trades so somewhere in that Range where i'm looking to do trades between, i would say 1 to 14 days, is usually where i like to trade, i'm not much of a day trader so intraday, i generally don't trade. So i'm not spending too much time on the one or five minute candlesticks. I'm generally looking at longer trends and trying to capitalize on those and longer support trends uh.
So it just kind of gives you a little bit about my personality. Uh for trading now also bear in mind. I only trade with about uh, the latter five percent of my portfolio. I like to keep a lot of my portfolio in long high conviction plays that i have very long high conviction plays that i have are going to be things like enphase etsy, tesla affirm, whatever these are very long.

High conviction plays uh, it's soon to be nvidia. When i can buy that darn thing on a dip. We've only got a small portion of my portfolio in nvidia, and i wish i had more, but i'm going to wait for a dip to buy uh with cryptocurrency. Cryptocurrency is a pure trading tool for me.

I love it. I believe in blockchain long run uh substantially, but uh, but i do regularly trade crypto, so i enjoy that, but anyway uh this uh. This gives you a little bit of insight into uh. What's going on, i do believe that uh, it is very possible that we're we're going to see this 54 000 number.

If i had to put odds on it. You know if i looked into my crystal ball and i had to put odds on this. I would probably say that uh we have a good chance of hanging out at 58 for uh for for some period of time before breaking down to 54. odds of breaking down to 54, i would say, probably somewhere around 70 percent, so that's kind of looking at My crystal ball and roulette table probably about 70, that we're gon na go to 54..

I would probably only estimate that we're around 20 chance of actually falling down to 47, though that's possible, depending on how we, how we end up trading over here at 54., uh and and probably only about a five percent chance that we revisit the 30s within the Next, probably within this year, so i would say within the next six weeks, a substantial chance of revisiting 54 much smaller chance of revisiting uh some of the the lower numbers. Here. That's just my belief. I do think that there is, though, out of that you know if 70 chance of going to 54.

I do think, there's probably a 20 chance uh, that we that we end up back over 60, 000 and stabilizing over there. Maybe five percent chance that we just end up channeling somewhere in between here those are just sort of my beliefs. I do think we'll end up going in one of these directions: we'll either get back to 60 and above that, uh or or we'll go to 54k. So there, if you believe that we're going to go down to 54k, there could be an opportunity to sell your cryptocurrency investments and rebuy them.

Though remember this does carry significant risk that you could end up missing a sudden, breakout so uh that that is something you have to be aware of. When you're a trader, you can miss breakouts. That is the nature of trading so uh. These are some of my thoughts.
Uh, i will say, uh voyager digital has uh ran substantially. I am completely out of voyager digital. It's worth noting that uh again anytime, i send a buy, sell alerts. I send them in the stocks in psychology when any group like down below but uh.

I do believe that one of the reasons voyager ran substantially was on shiba inu momentum, because you could buy sheep on voyager when you couldn't buy it anywhere else uh. I am still very optimistic about voyager's uh coinify partnership. I i still haven't made a video diving into directly why i'm bullish on that. But i am still frustrated by some elements of voyager that i've been experiencing over the last couple days, specifically limits on being able to transfer out and and relatively slow customer service to potentially extending my limits, as well as very high spreads when you're buying and selling.

So if you all of a sudden want to pop into voyager and you're like oh, i want to sell because you're you want to trade your stock, because you, you you're, paying large fees. If you want to get back to coinbase po pro you've got a problem. So if you are a trader, you're, probably best hanging out uh on coinbase pro or uh - and i know this pisses a lot of people off and they roll their eyes at this. But honestly, if you're a trader - and you want literally the best fees and you do not care about staking or actually having your keys, uh and you're just speculating robin hood - i know that sounds nuts and i'll probably get chastised in the comments for that.

But they beat everyone's fees and i'm not trying to shell robin hood uh, i'm not very happy with robin hood. I have a lot of disappointments for robin hood. If i were robin hood, i would be doing things very, very differently. Uh but again i do think there is a very short term, a trading opportunity here in crypto, i'm bullish on crypto for the first part of 2020.

uh. I will be tracking inflation expectations, though, and inflation results, because i do think that once inflation expectations wane uh, there is going to be some selling pressure on crypto. However, we may have rallied substantially before we ever even get to that point so anyway. These are some of my thoughts on crypto the market check out the black friday coupon code down below and folks, we'll see you next one thanks so much you.


By Stock Chat

where the coffee is hot and so is the chat

25 thoughts on “The crypto dip”
  1. Avataaar/Circle Created with python_avatars Glyph Suritos says:

    How does he get those support level lines to show up on his Webull chart?

  2. Avataaar/Circle Created with python_avatars Guy Adam says:

    <Good work mate, I feel those who would allow the market dynamism to determine when to trade or not are either new in space in general or probably just naïve, the sphere have seen far worse times than this, enlightened traders continue to make good use of the dip and pump even acquiring more equities towards trading sessions, I'd say that more emphasis should be put into trading, since it is way profitable than holding. Trading went smooth for me as I was able to make over 7.1 BTC after I started at 2.9 BTC in just few weeks implementing trades with signals and insights from 'Fred' I would advise you all to trade your asset rather than holding for a future based on speculations.'🚀

  3. Avataaar/Circle Created with python_avatars Don DP says:

    Unless you are in to day trading. Investing just grows your income. So, you will still need a Job.

  4. Avataaar/Circle Created with python_avatars Nancy Field says:

    <Good work mate, I feel those who would allow the market dynamism to determine when to trade or not are either new in space in general or probably just naïve, the sphere have seen far worse times than this, enlightened traders continue to make good use of the dip and pump even acquiring more equities towards trading sessions, I'd say that more emphasis should be put into trading, since it is way profitable than holding. Trading went smooth for me as I was able to make over 7.1 BTC after I started at 2.9 BTC in just few weeks implementing trades with signals and insights from 'James Robeson' I would advise you all to trade your asset rather than holding for a future based on speculations.'🚀

  5. Avataaar/Circle Created with python_avatars Skjuice Skjuice says:

    That’s it kev this is the day I buy your course see if I can make magic happen. I promise to pay it forward.

  6. Avataaar/Circle Created with python_avatars Hillary Lee says:

    < Stay calm, thought we all got used to the ups and down of bitcoin, it hit ATH which made the price amazing for every early investors, it's just bouncing back to normal price for the rest of us which is good while for those who got in for the first time its otherwise. who hold the longest will profit the most, I trade and hold profits keep up the great work! William and also Williams Henry Morgan has been doing a great job reviewing all chart, trade and techniques on BTC which has enhance the growth of my portfolio to 16btc lately.,…

  7. Avataaar/Circle Created with python_avatars Faith Hobbs says:

    <The year 2021 has been like a rollercoaster so far. The markets started off with a bang, with Redditors gathering and shaking up Wall Street by trading Gamestop stocks. Then, Bitcoin started spinning the charts up and down, Ethereum surprised pretty much everyone with its price hikes, altcoins started booming like never before (just think about DOGE), new market actors even rushed in to join the race. After all this, if you are still on the fence about getting in because you are worried that it’s too late to get started then you have to trade with the guidance of a professional. Since July till now, I have accumulated up to 12.8 b TC with exclusive tips from Crypto Analyst Sharon Rooker. *

  8. Avataaar/Circle Created with python_avatars Frank Wiersma says:

    Problem with crypto is that it is worth absolutely nothing. So at a certain point you reach the maximum amount of people that fall into this FOMO trap. Then the selling starts and 30% of the fools that bought it at the top lose their money. This makes the pool of suckers even smaller. So in the end it simple collapses leaving everyone holding a very big bag.

  9. Avataaar/Circle Created with python_avatars greepers1 says:

    <<Just prep for all scenarios. In my opinion, I don't buy this or that model. Everybody has an opinion, and either you are completely right, partially right, completely wrong, or partially wrong. I only trade my assets as a back up plan for a worse case scenario.These last days showed once again the charts won’t guarantee what an asset is going to do.Prices will go up or down,inorder to be able to ride with the wave of the market you have to put your assets into active trades.I have made over 12.4 btc already since early Oct till now not from buying the dip alone but implementing trad es with signals and insights provided from Timothy Rick.Tradiing is less affected by the unpredictable nature of d maket so I would advise everyone to play safe with this method.I'd drop his reach info in the comment section for those who may be in their unfortunate times right now…

  10. Avataaar/Circle Created with python_avatars BobbyAlbee says:

    Bitcoin is like pokemon cards. It only had value because people think it has value.

  11. Avataaar/Circle Created with python_avatars H. S. says:

    I've been thinking this for so long that we are in this scenario because everyone is coming into the market during the bull market. Now that people have made money people are taking profits to pay for bills. I feel because of this we are looking at alot of selling pressure.

  12. Avataaar/Circle Created with python_avatars Khairul Yazid says:

    53-54k is coincidentally at the Max Pain price of Options contract which is expiring and historically price drops and tend to trade at the Max Pain price by the expiration date. And it’s normally very bullish after the event so on a technical standpoint I’m pretty bullish rn 🚀

  13. Avataaar/Circle Created with python_avatars Cyrus Collera says:

    so..can we safe to say that one of the big contributors of the Great Resignation is because of big cryptocurrency gains?

  14. Avataaar/Circle Created with python_avatars Darin says:

    Most of the people who win the lottery end up poor within a few years. Many crypto millionaires will suffer the same fate.

  15. Avataaar/Circle Created with python_avatars Derick🌹CHARIMAWORLD ON TELEGRAM 🌹 says:

    MY SINCERE ☝️☝️GRATITUDE 🙏 FOR BEING SUCH A BLESSING TO ME AND MY FAMILY WE GIVE THIS HAPPINESS TO YOU..THANK YOU SO MUCH CHARIMAWORLD
    ..

  16. Avataaar/Circle Created with python_avatars Derick🌹CHARIMAWORLD ON TELEGRAM 🌹 says:

    MY SINCERE ☝️☝️GRATITUDE 🙏 FOR BEING SUCH A BLESSING TO ME AND MY FAMILY WE GIVE THIS HAPPINESS TO YOU..THANK YOU SO MUCH CHARIMAWORLD
    ..

  17. Avataaar/Circle Created with python_avatars Francisco Gonzalez says:

    Its called taking profits while holidays are around the corner. Most millionaires and billionaires do this every year , they take a nice big vacations with all the millions they just made. & then they come back next year for another round all while small investors are stuck with the bag . 😂

  18. Avataaar/Circle Created with python_avatars Wandering Knight says:

    Lol..wait ..wait..wait..you mean to tell me LOW INCOME individuals were able to do something they never have been able to do in their entire lives like save money then after they accomplished this miracle they then invested their money during the PANDEMIC(of all times!) and made between 20-30k averagely an they are blaming this on why people are quitting their jobs?! Lol..mind you the same low income people were also not working because of the Pandemic so he is insinuating low income people invested thousands of dollars in crypto while simultaneously finding money to pay their bills all the while without employment…you have to be a idiot to believe this..

  19. Avataaar/Circle Created with python_avatars Super Duper says:

    Shit. I just bought 2.2 bitcoins this week bringing my total BTC holdings to 5.8 😳

  20. Avataaar/Circle Created with python_avatars G Max says:

    BTC is trying to reset the Greed & Fear Index – this is the true measure of a Shake-Out !

  21. Avataaar/Circle Created with python_avatars Skywakka FPV says:

    you should do a reaction video to the peter schiff impaulsive episode! would love to hear your thoughts on his opinion lol its like 2hrs long tho

  22. Avataaar/Circle Created with python_avatars Maria Gibson says:

    <I’m Adding 80% more crypto to my portfolio this Tuesday. Getting expose to your content have helped me ever since I came across Crypto analysts Claudtowner, the signal he offers have double my port-folio over 7BTC despite the price flauctation. This is an opportunity to both new and old Investors by implementing his tips for trading, Signals and strategy are active with pure accuracy.

  23. Avataaar/Circle Created with python_avatars roberto ramos says:

    I’ve been stacking HBAR the entire day, averaging my way down. I’m excited.

  24. Avataaar/Circle Created with python_avatars Telegram Contact-ClaudTowner says:

    Implementing signals that will generate you 0.3btc of your investment through the mentorship of crypto analysts Claud.

  25. Avataaar/Circle Created with python_avatars Pop Corn says:

    Hood is great for trading. Bought 20 ETH a few months ago when it dipped to $1800. Just under $40k worth. Dumped 15 of them at $4500. I now have buy order for 5 at $3200, $3000, $2700, $2500, $2200. I don’t even pay attention, if it dips, I buy and it alerts me. Otherwise, just ignore it. We were several days into this current dip and I didn’t even know, lol.

    If you want to ride volatility, Hood is the only choice. If you want to HODL for 5 years like a smart person, then anything else. lol

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.