Ladies and gents welcome back to another video, so over this past weekend we've been seeing an explosion inside of the global crypto market cap, which is now touching two trillion dollars alongside bitcoin hitting 48 000 ethereum climbing as high as 3 400, alongside many other top. All coins that have absolutely been ripping over this past weekend, just like we predicted now, if you have been following the channel and you are part of the jung nation - hopefully you guys are enjoying those games because we have been seeing the cryptocurrencies that we've been talking About getting ready for that explosion literally receiving it, so we're going to be going over everything you need to know about making money in this market today and, most importantly, i want to talk about a question that i'm getting a lot, and that is brian. What may happen next? Are we going to continue to see this movement in the bull run, or could this all be a giant trap to get investors to think this is the resumption of the bull market when, in reality, it may not be so we're gon na? Be going over some very important things before we get started with this video, don't forget to drop a like down below that helps out this channel and also brings and serves you more crypto educational content. Just like this on your youtube channel, hopefully allowing you to make more money in this market today.

Now, one more thing before we hop into the computer, this video was brought to you by crypto.com check them out link down below in the description where you can buy trade and sell cryptocurrencies at true cost. Crypto.Com also has a visa debit card, where you can enjoy up to eight percent back on all spending with your sleek pure metal card, with no annual fees. On top of that, they allow you to earn additional interest on your crypto by staking it just by using their in-house app. I've been using crypto.com for many years now, and they are still one of my favorite platforms to use and if you guys want to check it out, you can also get 25 after staking their required minimum down below in the description.

So, within the last 48 hours we've been seeing, the global crypto market cap fluctuate right around that two trillion dollar mark. The total crypto market volume right now is at 121 billion dollars. So we're seeing a lot of activity go in and we're seeing bitcoin's dominance go down just a bit in its dominance, meaning we're seeing more money go into some of these other all coins. Now before we talk about those ripping all coins, i did want to talk about bitcoin, because this is still very important to get an idea of where we are headed for the rest of this crypto bull run so starting august 12th.

We saw bitcoin quickly accumulating back up all the way to 46 000 and on other exchanges, even hitting 48 000 multiple times this past weekend. Now, as we continue to hit this resistance level, you'll notice that we get a very quick sell-off as soon as we see an increase in price with those green candles as well, so over this past weekend, definitely a lot of volume has been going through and if You have been micromanaging these swing trades. You would have had some pretty strong volatility to make those profits happen, meaning if you got in at close to 48 000 sold at that peak and then bought back in maybe at 45, 46 or even lower. You could still have that opportunity to make additional profit in this market now for traders who do prefer to do that.

I give my respects over to you, but someone for me and people inside of at least my community. I always preach the idea of dollar cost averaging into these investments, rather than trying to time it, which can prove to be a lot more riskier than you would expect. If we take a look at the one-year charts, even by dollar cost averaging slowly into your investment. You'll notice that you'll still be able to accumulate and have that profitable rise in gains alongside bitcoin.

Just a year ago, we were still at less than 20 000 for the price of bitcoin, now up double that at 46, 000 and previously in the peak of may near 65, 000 as well. Now, with all that being said right now, the price that we're looking for bitcoin to hold is 46 500. If we can accumulate there hold support, then we can test new resistance levels of 48 to even 50 000. Now with where crypto is sitting right now with the fear and greed index, i believe that's going to be the catalyst to set off the next altcoin season.

So, in addition to that, we have to talk about the reasons behind bitcoin's growth, so i believe right now we're seeing a lot of institutional demand pouring in their investments, especially towards the end of summer of where we're at right now. But we also had some more short-term catalysts that worked out in our favor, so one of those is going to be the options expiry make sure you guys go ahead and watch my last video talking about the articles pertaining that. In addition, we also had kind of like this - you know this little formation right now, this this combination of options expiring and also the shorts settling and the shorts having a miniature squeeze so right here. We can also get further data on what's been happening within the last 24 hours.

Now i want to take this to the two day charts, because this is going to give us an even better indication of what the short interest has been lately. So you'll notice here is that the longs in the usd interest rates have been going down. So it looks like many people are continuing to take out profits on the top whenever we hit those higher resistance levels and as soon as we do that we do get more shorts piling back on. But what you'll realize too, within the last two days of when this chart is set, we have been seeing more and more short positions getting liquidated, so people are calling quits on it and saying hey.

The price of bitcoin is not going down any lower. This means i don't want to keep accumulating interest, i'm going to cash it out right now, just in case the price of this continues to go up where they repurchase those shares that they borrowed thus leading to an increased price in bitcoin, so check this out about Seven days ago we had a pretty consistent amount of short positions within bitcoin and over the past few days we have been seeing those just getting tremendously liquidated over time now. A lot of this data is fairly normal to see, especially with the climate that we are in with the price action of these top cryptocurrencies. But it's very interesting to see everyone taking their profits off the top two, because sometimes that can also be an indication of a cooldown period or even the top of the market.

Now, it's crazy to think how fast the overall sentiment of the market changes think about it guys. Just a month ago, people were so fearful the market. We were talking about how the crypto winter was here, and the entire just state of cryptocurrency was going to collapse, but now, all of a sudden we're just getting this immense greed. Now that people are starting to see more action in the market.

So whenever we get activity like this, where we have extreme greed hitting the 72 mark, you do want to use this as a gauge whether or not you do want to take off profits on the table. Now, if you are going long on your investment - and you can't find any other alternative investments to make during this time, especially with how weak the dollar is becoming due to the inflation and the amount of money that's getting poured into the economy, i would consider just Holding long because this still may prove to be one of the more profitable investments to make during this time now i'm not a financial advisor. So i can't tell you what you should do with your own portfolio, but i know for myself: i'm continuing to huddle continuing to go long and anytime. I feel like the market is overvalued or getting a lot of greed in there.

That's when i'm going to start taking off those profits holding it in cash and then preparing to reinvest back into the market whenever we see that pullback now. Finally, let's talk about some cryptocurrencies that have been doing extremely well, so cardano xrp, even dogecoin polka dot solano, which has been absolutely killer today at 64.94 or up 21. In a single day, we have been seeing some tremendous amount of growth within the market, and i want to tell you guys this go back to some of my videos three or four months ago, i mentioned most of these cryptocurrencies that have absolutely been ripping during that Time, just as an example, this was my top 10 cryptocurrency to invest in video in april 30th and although we're nowhere near all of the all-time highs, we are continuing to see some of these cryptocurrencies that i mentioned back then doing much better, because fundamentally, they still Have the utility to outperform the market even when things get shaky, so what i really want to reiterate at this point, is you don't have to risk your money with low cap market coins? This is why i personally don't like investing into meme coins or any of the newer projects on the market, even though they could have some outrageous skyrocketing potential gains. Even if you play the safe route in cryptocurrency, you can still expect yourself to double or even triple your money.

If we continue this bull run at the bare minimum, many people get spoiled within the market, saying: oh, two thousand percent increase in all coins. If he's able to do it, then i should be able to do it, and some people are in disbelief that you can do that too. But in this market it is completely possible, but i like to take a more conservative approach and realize hey. I don't want to put myself more at risk, but i do want to maximize the amount of rewards, and this is why i like to focus on the top cap.

All coins that are still making innovative features to their roadmap, which is thus gon na still allow price increases to happen while they have backing from other institutions allowing that foundation of support to still exist. So if we look at the top performers for today now audience is actually a crypto that i called out within our inner circle group. I will be opening up some more spots to that very soon, but check out the lines on this chart. Just a few days ago, i went ahead in our discord and posted this over on our watch list, and i have been mentioning to our members in our exclusive live streams as well.

That audience was going to move. If you see any potential future in the idea of decentralized music or sharing this with creators, where there is a need in the space, you should expect for these type of projects to at least come close or break through previous all-time highs. So, even after the last few months, with the collapse back in may with audience just coming down pretty significantly, we are finally seeing some life where today they are ripping up 50 in a single day. Now, on top of that, solana has actually been taking a majority of the spotlight within the crypto community.

We also have phantom up 17 or 46 for the week: tara luna of 60 kusama of 12 for the day or 40 for the week, alongside many other cryptocurrencies. That we've discussed over on our channel now for solana anybody who's been holding this bag. I want to say congrats for holding through because solana, unlike most other all coins in the market, this is actually went past, its previous all-time high in a very short period of time, very, very, very short, period of time. Now, if you're wondering why solana is doing this alongside many other cryptocurrencies well, first of all, this is just because we are getting more money pouring into bitcoin, which naturally flows into other all coins.

But on top of that we have been getting more fundamental news regarding solana and some upgrades, and that is why we are seeing this price increase to begin solana came out with wormhole, so this is a bi-directional decentralized, erc20 or spl token bridge between ethereum and solana. So solana has always been known to create faster transactions for a very low cost. If you guys watched my top 10 crypto picks video. I believe solana was number eight on this list and i i pretty much talk about it there, comparing it to transaction fees of credit cards.

Where you use your credit card, you don't have to think twice about it. The transaction fee happens so so quick and we've been seeing a replication of that within the solana network. So this has been attracting many more newer investors and many more long-time hodlers, because this is really the future of where crypto can be. You don't want to wait.

10 to 15 minutes on a transaction, and although each cryptocurrency serves its own purpose, everyone should be focused on maximizing speed, efficiency and cost, and that is exactly why solana has been doing well. On top of that, they came out with their own nft collection, which also sold under 10 minutes, which has been absolutely crazy, knowing the state of the overall nft market. Now, if you've been watching any one of my crypto update videos within the past three months, you will know how often i've been talking about the nft market and talking about how this will continue to explode throughout quarter four, and that is why you should have been Preparing a few months back when the market was cooling down, so you'll see that open c trading volume explodes seventy six thousand two hundred forty percent and the nft marketplace: processed 1.18 million transactions worth 1.6 billion dollars in the last 30 days alone. Now, although these numbers seem outrageous - and this could be an indication of the top of the market, i believe we do have more ways to go before the actual nft market corrects, and there is still going to be opportunity for anyone to make money in here, especially If you're proactive about finding these nft exchanges, some of these platforms or different companies involving themselves in the space now to wrap this video up, i did want to answer that huge question that i mentioned at the beginning of this video, and that is brian.

Could this all be a bull market trap? Now? I personally don't think so. I believe right now, we are seeing the strength, the foundation and the proper health in a developing market. Just like this. In order for us to really hit those numbers that we had set earlier this year for bitcoin to hit 75k 100k or even past that 125 000.

And if we do, you should expect all coins to go so parabolic, where it sets a new standard. In the investing space now as we continue to go into fall and then winter, i believe that's really when things are gon na go crazy, so i wouldn't even be upset if right now, bitcoin traded sideways for the next few weeks and allowed the rsi to cool Down and we had the overbought situation getting caught up, i believe right now, as an investor we're exactly where we should be in the overall state of the market. Now, in terms of other cryptocurrencies listed on the market, i believe we are still gon na have major opportunities, so the big takeaway here is to stay diversified within your crypto portfolio. I do not recommend you to just have 100 of a crypto that you don't really know about make sure you do proper research on why you invest in that token, and why you believe it's gon na go up in value now in my next videos this week We will be talking more about government regulations where we are with the overall state of the market and talk about some news regarding etfs, because i believe that is gon na be the catalyst that's going to send this crypto market parabolic.

That is going to be huge. Huge news: if we do get any type of government officials stating etfs, they are good to go. Let's start running those, so hopefully we get news like that by the end of the year. There is some time regulations happening on that within the crypto market, and once we get some more solidified answers, i'm all i know is i'm going to be excited so guys.

I hope you enjoyed this video all the way till the end. Don't forget to comment down below the secret phrase. Word that is gon na be journal, comment that down below at the end of this video, if you guys, are watching it, don't forget to check out the links down below in the description check out block five check out weeble check out surf shark 83 off three Months, free weeble, you also get two free stocks, one valued up to eighteen hundred fifty dollars after you deposit, a hundred dollars into the app or you can purchase both stocks and crypto, using their platform and then block buy. They also got a sick credit card out.

As well on top of that, you can earn free interest on your crypto as well. Thank you all so much again for watching don't forget to follow me over on instagram as well at credit brian watch out for fake instagram profiles, uh scamming people. It is not me if you follow me: they're, probably gon na, follow you back you're gon na think i've followed you back and i would love to follow as many people that follows me back too. But realistically, that's not possible.

Don't think it's me and please do not send them money anyways. Thank you all so much again for watching this video and until next time, peace out.