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Video Outline:
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0:47 Market Update
1:48 Bitcoin Technical Analysis
5:11 Altcoin Movers
5:38 Bored Ape Hack
8:49 Meta Store
10:12 Grayscale ETF Incoming?
12:21 XRP vs. SEC News
13:59 Final Thoughts
15:00 FTX.US
16:07 Outro
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#Crypto #Bitcoin

So bitcoin's been testing this crucial support level over the past few weeks, and i wanted to share this one important warning before we do. A ton has been happening also within the space, including hackers, yet again, stealing over 40 million dollars in the nft space. We also had grayscale attempting to fight against the sec in another approval attempt for an etf and some further developments of the xrp and sec lawsuit as well seems like this week has been getting more and more exciting, yet crypto still seems to be rather flat in This video: let's talk about everything you need to know, let's go over the price action of bitcoin. What we should expect going into this summer, and also some of the more important moves that you should consider making as an investor before we begin, if you guys do appreciate the consistent uploads like the usual drop, a like down below and let's get started with.

Today's update all right so the global crypto market cap for today's sitting at 1.87 trillion dollars or a 3.30 increase over the last day. Taking a look at the price action for bitcoin you'll notice that even today we had a bottom approaching 38 356 with bitcoin. Slowly accumulating back up to over the 40 000 level at the time of filming. Today's update bitcoin is slightly above the five day moving average.

Yet it's significantly under all the other averages, including the 20 day, the 50 day, the 100 day, even the 200 day. So moving averages provide important information regarding the direction of the market scrolling this out to the last three months when we had this entire rally up here, bitcoin was constantly above the 50-day and 200-day moving average with bitcoin coming down to its tumble. It's obviously been a more interesting month and we'll see that also reflected within the crypto fear and greed index, taking a look at the crypto fear and greed index 4 today we're slightly above the extremely fearful which is sitting out at 23 with today sitting at a 27, just placing us in the red fear now several different ta indicators are also suggesting that the 37 dollar level is critical for bitcoin. As you can see, in the past two weeks, the price has touched: thirty, seven thousand six hundred dollars about four different times and either went below, but immediately retraced or just bumped the support level and continue to go higher now.

Additionally, there is an ascending support level. That's been tested twice and a descending resistance line. That's also been tested a few times that are converging to the 37 600 price level. Now, as far as ta goes, this is a very bullish chart, especially since it broke the descending resistance line, and this line creates a triangle pattern and if the ta plays out, then the price should be able to shoot back up now.

The chart that we're seeing on screen right now resembles very similar to what the 2018 and 2019 bear market bottom structure looked like this tweet right here gives us a few different indicators. We're gon na get a green check mark at the similar time frame. A green check mark on the similar of low highs and higher lows and also creation of a higher high and then a pullback after a first higher high. They also stayed 37 600 is a major hold, and if we take a look at the 2018-2019 bottom, where we did have those indicators where the higher lows continue to ascend back up - and we had that triangle - we're seeing a direct correlation with the market right now.
Shortly after that, we had a little bit more of a higher correlation before we had another boom to the upside. Now i do need to mention that ta is never spot on completely use this as a tool, not as a primary indicator on what the market may do. I will also make note, though, on a more optimistic level and my warning to investors. Bitcoin right now is way more bullish than it ever was a few years back.

We are getting more and more news more and more stories of further adoption and crypto being used worldwide. I think, for the year of 2022, it is almost impressive for the fact that we still have not seen an incredible upside or bitcoin breaking that near all-time high. I personally really don't understand where all the negative sentiment comes from and why people are so bearish in the market just because things are rather flat, although this time about a year ago, bitcoin was sitting at 58 000 if we pull it back to the all-time charts. Bitcoin has still made a tremendous amount of gains.

I think this time, instead of just having that second ride up to the moon. We are consolidating for just a bit longer for anyone who gives a prediction that bitcoin is completely shot and it's never gon na pull an all-time high and the markets are done and we're in a bear market forever to me as a creator, i just don't understand That i don't know how people can make these type of predictions when no one knows what's going to happen tomorrow, bitcoin could pop up 20 in a single day. It's not out of the realm of possibility now going back into the triangle and wedge chart pattern we're following just a very simple indicator right here of similar movement. Now, one of the personal moves that i've made over this year is actually sell.

A lot of my bitcoin positions - and that is not because i'm selling it back into my usd or my bank - account it's actually because i've been making a very strategic rotation back into ethereum and a lot of the other nft plays for the members within the jungle. Especially within the inner circle group, you guys will know exactly all that i've been doing within the nft space and they will actually be able to attest for the success that we've had over the past few weeks in making some insane returns within the market. For now, that is the strategy that i'm sticking with and it's been paying off extremely well aside from that going into the top 24 gainers dogecoin is still up about 21 oasis or rose is up. 15 kyber network is back on here up 13.
In the last day, or up 27 for the week and then apecoin still breaking some insane numbers as well now before we talk about apecoin and some of the other all coins that are rising in price and why the entire market looks the way it does. Let's actually go over some more headlines, real quick. So what happened in the most recent days was that the instagram account for the board ape yacht club was hacked. People thought there was this secret mint that was going on, and this led to the theft of four board apes and six mutant apes alongside other digital collectibles.

Now what normally happens within a hack like this is when you connect your metamask wallet and you sign on from a fake scammed website. They will drain your entire hot wallet. It looks like the scammers had this planned and they were able to access the instagram account and then also coincided it with the one year anniversary of the launch of the board api club collection. This timing ultimately led a lot of the board api club members to think there actually was some type of one-year anniversary mint.

Therefore, getting people to fall for this scam. Now it looks like many articles are claiming different amounts of loss taken, but the most that i've seen was about 40 million dollars in value where other sites are claiming about three million dollars that was taken and then even coindesk. They're reporting a 13.7 million dollar loss. All right, so i myself also own a board ape and since the last reported floor price and me buying the rarity trade of where this was at.

I believe right now, it's well over 450 to 500, 000. So for me to own a half a million dollar picture as well and then hearing all the other fellow apes getting their uh wallets stolen. It breaks my heart. It's crazy to hear this, and if that happened to me, i don't even know what i would do.

I think i probably would take like a whole week off of youtube and i would be pretty upset, but at the same time i do know that's what really comes along the space now. One way that you guys can go ahead and protect yourself if you are into nfts is by just taking a few simple precautions. I think these lessons are applicable to anyone. You don't need to be owning millions of dollars worth of nfts.

Even if you have a couple thousand dollars worth, i think this is always important to do so. For me, i have three different hot wallets within my metamask. I have one that's meant for trading, i have one, that's meant for minting and i have one that's meant for the vault. The vault is actually something that's linked to this device right here.

This is a cold storage wallet. I personally use ledger. I've been using them for about four years now and i'm actually working on a fully dedicated video in order to make sure you guys know how to set this up and use it to its full potential. This actually has bluetooth.
It connects to my phone. It connects to my computer and there's a lot that you can do with it. On top of just having a regular cold storage wallet within my trading wallet, i'm a bit more loose, ended and i'll be actively trading flipping buying nfts. Within my vault.

I try to store it in here unless i desperately need to trade it out in order to, i don't know, get access to the land sale if you ever get an email that you never requested for, or you see yourself getting tagged on twitter by a verified Account or you think you somehow logged into twitter and then it happens. Also a mint is going on and you're just so lucky double check it again. Never click on a website link unless you're 100 sure it is legit. It seems like board, abe yacht club members.

More than anyone is getting hacked more than their facebook grandma that has their password on their timeline. It just seems like so many people are getting hacked and i think a little psa message like this can at least save you guys a ton of money down the road now. Another headline that we got about 10 hours ago was the fact that meta is going to open their physical metaverse theme store in san francisco bay area in the beginning of may, which is literally going to be in less than a week. So this store is going to feature a wall-to-wall curved led screen that displays what users see using meta, vr headsets.

Now this story here actually reminds me of what i stumbled upon at twitter. The other day when i was sitting on my throne, the throne, is the toilet. This is really cool, so in austin texas right now, you can actually go ahead. Dress up put on some vr goggles and play this weird apocalyptic zombie game.

Alongside someone else, and according to the reactions that i saw at least from this video, it shows just how realistic things are and how crazy the experience can be. Now. What meta aims to do is provide some interactive demos for the company's hardware products, including their vr headsets, video communication displays and also their smart glasses. Now this is also the first time ever that facebook or meta is known to have a actual retail store and the fact that they're devoting this to the future of the metaverse shows that they are very serious about what's next now, let me know your thoughts on What you think this is going to be like if this is a publicity stunt to just continue making them more focused on the title name meta rather than what they were known to be as facebook, with a lot of the bad press they were receiving then or If they are still just trying to move and step forward in an area of innovation, now next important headline for today is that grayscale lawyers again urged the sec to approve a gbtc conversion to bitcoin etf.

So gbtc just stands for the grayscale, bitcoin trust and it's already the world's largest bitcoin fund and regularly reported to the sec on a voluntary basis as an sec reporting company now last week, what happened was that grayscale lawyers sent a letter to the sec that their Recent approval of the so-called - let me i might butcher this to cerium tuckrium anyways. I butchered that name but pretty much. What you need to know is that, to this date, the sec has only permitted bitcoin futures etfs, while rejecting the physically backed or spot bitcoin. Etf.
Now last week, grayscale lawyer said nuh-uh. We are not getting stepped on any longer and they went ahead and sent this really fine and mean letter to the sec, stating that their recent approval of the so-called two-serum bitcoin futures fund also provides a basis on where they should now approve grayscale's own spot-based etf Product now this is not the only letter. It's been reported that 3 000 letters have been submitted to the sec, asking for the permission and advocating for the conversion on this to happen. So grayscale's proposal is expected to get a decision by the sec made in july.

If that happened, i do think we could see another trigger within a bull market and with bitcoin having its little up and down action. I just wouldn't get too caught up in it when all coins are still huge amounts of opportunity, and then we're also seeing nfts doing well. The main reason why bitcoin etf is going to be so important, especially spot, is because a lot of hedge funds and a lot of these larger institutions need a spot etf in order to start contributing those funds. Out of all the other, all coins listed on the market, just because of how high bitcoins market cap currently is you're not going to get the crazy outsized two to three four five or even 10x gains.

Bitcoin is going to be more of a slow growth asset because it has so much volume within its market cap. It is a big big crypto, where it's going to take a lot of players to actually move the price of it. It is more ideal for a lot of those traditional financial institutions to want to pour in now also on the topic of the sec, the most favorable organization in the world xrp and the sec both file for an extension until december of 2022.. This is regards to the lawsuit.

That's been ongoing within the crypto space for a very long time. The importance behind this story is that if the xrp is able to settle - or there is continued uh just solidification on where this story is headed next - it's great for the overall crypto community, because it shows that the sec is now backing off and that there are Actual rules on what is legitimate, what is considered a security, what is not considered a security and it brings more confidence within the overall market. Now most people believe that the battle is going to continue over into next year, and it's definitely long from being over. Now the sec also has a ton of other lawsuits going on and they're always looking for opportunities in cracking down onto other crypto projects.
So it makes sense that they allowed for the extension and there's also a petition that you can also send to the sec. Regarding this trial, which currently has over 21 000 signatures, xrp, which is currently listed, number seven on coin market cap is currently at 69 cents. What a great number, what a great tribute to the culture. The last time we had a peak of an all-time high.

It was breaking past three dollars and ten cents even approaching three dollars and thirty cents. It's so high that my cursor won't even lock on right here now, with xrp sitting at the 69 range. Most people assume that it would at least break out of the one dollar range if we were able to get some more good news on this. I do know that xrp still has one of the strongest communities within crypto, and i'm also curious to see just how this entire case turns out.

Take a look just know that there are many other all coins that are moving up in price. Even if we go into the big winners of the last seven days, you have an opportunity of making at least 50 percent here with 8.2, even when the market seems boring, even when bitcoin is flat. This is where i urge a lot of my viewers to start putting in the research to buy and dollar cost average up the dips when the market is extremely fearful and to never do the opposite. Never panic sell near the bottom because oftentimes that's when a lot of new beginners tend to get crushed.

The goal here is simple. I want all of you guys to win. I want all of you guys to make money, and even within the crypto space, there are so many ways for you to do this. A few weeks back, we talked about my top three crypto passive income strategies, where you don't even have to be actively trading or investing into a lot of the high mid or micro cap.

All coins listed on the market, but you could even just be staking your crypto at very little to no risk at all and find yourself still. You could stake your crypto or lend it out or just find different ways to earn passive income where there is little to no risk at all. Now, if you guys are looking to use one of the largest crypto exchanges in the world, one of my personal favorites check out ftx listed down below in the description. If you're from the miami area, you may have heard of the ftx heat arena, you may have also heard of their partnerships with steph, curry and tom brady, but in case you haven't, ftx is just one of the platforms that has been doing a lot within the Space with them, you can find yourself trading crypto of up to 85 percent, lower fees than their top competitors.

There's no fixed minimum fees, no ach transaction fees - and you can also set up reoccurring, buys directly from within the app now. They also launched an nft marketplace where you can also find top projects on ethereum and solana, where you can buy nfts without paying additional gas fees check out the link down below in the description and even better than that. If you sign up using code junk, you can find yourself earning a hundred dollars completely for free just by signing up and following the instructions down below in the description on top of that for every crypto that you trade worth over ten dollars, you can find yourself Earning free crypto within the app as well the ftx app is super easy to use. They even have this cool little new section on there.
So if you guys have not done so already, don't forget to check them out now, like the usual, don't forget to check out the links down below in the description you can find my twitter and my instagram. But if you do follow me, there watch out for impersonators and scammers acting like me. It is not me they're gon na dm, you please be careful and do not get scammed. I also have an exclusive discord group where you can get access to my buy, sell alerts.

Have some one-on-one conversations with me within the chat, get access to some technical analysis and live streams from our other analysts as well. I'm really proud of the community that we've been able to build up and if you guys want to have an edge in the market or get an better access or insight to some of the research that i'm doing within the place that i'm making. Now don't forget. To check out the links down below in the description now, at the current time of filming this video, i do want to mention, i completely closed out all the spots and we're going to be continued to stay closed out for the month of may.

But if you are interested make sure you guys continue to stay up to date with some of these uploads and i will be letting you know when those spots open up and on top of that, if you guys have not done so already make sure you guys Keep your internet connection secure, i personally use surfsharkvpn, you can get 83 off and three months free using them as well. Now, if you made it through all the mentions that we usually do, we always do a secret code word at the end of this video, and it is actually it's actually 1am right now, so we're gon na do an interesting code. Word we're going to be doing. Uh, you know, let's do moon night, i don't know.

If that's the title to the netflix series, i think it is i'm getting kind of delirious at this time of night, but i was watching moon night. That thing was amazing. I love marvel. I love the show.

So if you are watching this trust the brother watch, it give it a chance and comment it down below. So i know you're a real one. Now, like the usual. Thank you all so much again for watching have an amazing day and i'll talk to y'all soon, peace,.


By Stock Chat

where the coffee is hot and so is the chat

30 thoughts on “Urgent: bitcoin support broken what’s next”
  1. Avataaar/Circle Created with python_avatars Johnny Patrick says:

    Hello ๐Ÿ‘‹

  2. Avataaar/Circle Created with python_avatars Bradley D says:

    Moonnight

  3. Avataaar/Circle Created with python_avatars Bryan V.I.P says:

    Moon night!!!!!!

  4. Avataaar/Circle Created with python_avatars Martynas Valuckas says:

    Moonlight

  5. Avataaar/Circle Created with python_avatars ARTFH says:

    Moon night ๐Ÿ‘‹

  6. Avataaar/Circle Created with python_avatars Matthias Wacker says:

    Yes! Please make a video about how to use a Ledger NANO X. ๐Ÿ™๐Ÿผ

  7. Avataaar/Circle Created with python_avatars Meow says:

    Moon night

  8. Avataaar/Circle Created with python_avatars K says:

    I was wondering if ,โ€moon night was a good pic..

  9. Avataaar/Circle Created with python_avatars Christopher Navarro says:

    Moon Knight ๐Ÿฆธ๐Ÿปโ€โ™‚๏ธ

  10. Avataaar/Circle Created with python_avatars Lugoloobi Juma Ahmed says:

    Moon knight

  11. Avataaar/Circle Created with python_avatars Henry The III says:

    Killing as always great video Brian! Moon Night!

  12. Avataaar/Circle Created with python_avatars steven sanchez says:

    MOONNIGHT ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ

  13. Avataaar/Circle Created with python_avatars chad says:

    Nice video Brian!

  14. Avataaar/Circle Created with python_avatars Azeu Pienyii says:

    Moon night brother

  15. Avataaar/Circle Created with python_avatars ๐Ÿ’™ Blue Sparrow ๐Ÿ’™ says:

    Thanks ๐Ÿ’™

  16. Avataaar/Circle Created with python_avatars Steven Delafuentes says:

    Iโ€™m loving the consistency! Itโ€™s helping me out a lot when trying help gage and calculate my decisions! Keep up the good work bro!๐Ÿ’ช๐Ÿผ

  17. Avataaar/Circle Created with python_avatars AdrenalStorm says:

    And now it's back to 38k-39k after you posted… lol >.<

  18. Avataaar/Circle Created with python_avatars TerraLUNA says:

    EVERYBODY SELL! FOMO!! CRASH IS COMING !

  19. Avataaar/Circle Created with python_avatars michael oduro says:

    Been on that btc dip

  20. Avataaar/Circle Created with python_avatars General Crispy says:

    Just wanted to say what are your thoughts on Gents Croquet Club nft my friends been talking about it recently

  21. Avataaar/Circle Created with python_avatars Betalaugh Comedy says:

    I don't like this movement

  22. Avataaar/Circle Created with python_avatars gideon kingsley says:

    Who commented without watching completing the video? C'mon ๐Ÿ˜‚

  23. Avataaar/Circle Created with python_avatars dantheshark18 says:

    First

  24. Avataaar/Circle Created with python_avatars steven sanchez says:

    ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ

  25. Avataaar/Circle Created with python_avatars Anuj Chettri says:

    Yooo

  26. Avataaar/Circle Created with python_avatars Patrick James Malang says:

    Yaiks!

  27. Avataaar/Circle Created with python_avatars Priyank Khamar says:

    Gotcha

  28. Avataaar/Circle Created with python_avatars Matt Henefelt says:

    Noti gang

  29. Avataaar/Circle Created with python_avatars Lytton Williams says:

    First

  30. Avataaar/Circle Created with python_avatars Yao Fomo says:

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