🚨 BITCOIN: JUST 2 DAYS LEFT!!!!!

Summary

Bitcoin is nearing a major milestone, approaching $100,000, with significant growth observed recently. Retail interest is on the rise, evidenced by a surge in Coinbase app rankings and Bitcoin-related Google searches. The video emphasizes caution, urging viewers to take profits as the market enters a euphoric stage. Key indicators like Net Unrealized Profit/Loss (NUPL) suggest we're in the belief phase, but a correction may be imminent. The speaker also highlights the use of moon phases and the risks of extreme greed in the market, offering advice on managing risk and staying vigilant in the current volatile environment.

Takeaways

• 😀 Bitcoin is experiencing major upward momentum, with just 11% away from hitting $100,000, highlighting its potential for growth in the next few days.
• 😀 The market is showing signs of euphoria, with many retail investors returning and driving up Bitcoin's search trends and app downloads, signaling a shift to bullish sentiment.
• 😀 The speaker advises caution despite the bullish trend, stressing that this could be a temporary phase, and taking profits is crucial to mitigate risks.
• 😀 The Net Unrealized Profit/Loss (NUPL) indicator is at 61%, signaling that we are in a belief phase, with the market moving out of optimism and anxiety, suggesting room for further gains.
• 😀 Coinbase’s app ranking has risen significantly, showing increased retail interest. A rise to number 1 would signal potential market overheating.
• 😀 Moon phases are used to track Bitcoin’s price movements, with the upcoming 'bull moon' predicted to be a key moment for price action, similar to past cycles.
• 😀 The speaker advises using moon phases as an additional tool to time Bitcoin entries and exits, with previous phases showing correlation to price surges and pullbacks.
• 😀 Taking profits during euphoric periods is crucial, as markets can turn unexpectedly, and many investors may regret not locking in gains once the market retraces.
• 😀 The speaker has trades open with substantial profits, demonstrating the importance of securing profits, even in the midst of a strong bull market.
• 😀 The importance of using low leverage and sound risk management strategies is emphasized, with the speaker stressing that liquidations and big losses have been happening in the market due to excessive leverage usage.

Q & A

What is the current Bitcoin price movement mentioned in the video?

The Bitcoin price is currently at $93,500, and it's just 11% away from potentially hitting $100,000. There has been a 33% increase since breaking resistance.

Why does the speaker mention euphoria in the market?

The speaker refers to euphoria because there is increasing anger among viewers when discussing taking profits. This suggests that the market sentiment is shifting towards over-optimism, a sign of a potential market top.

What is the significance of the Net Unrealized Profit and Loss (NUPL) indicator?

The NUPL indicator is currently at 61%, signaling that the market is in a phase of belief and denial, moving away from optimism and anxiety. The speaker highlights that in previous bull markets, NUPL reached much higher levels, which often signaled market tops.

What does the CoinBase app ranking indicate about Bitcoin market sentiment?

Coinbase's rank has increased from 33 to 13 in app downloads, which signals that retail interest in Bitcoin is growing. The speaker cautions that once it reaches number one, it may indicate a market top as new users flood into the market.

How does the speaker use Google Trends data in their analysis?

The speaker points to the parabolic rise in Google searches for Bitcoin as evidence that retail investors are returning to the market, a typical sign of a bullish phase. This spike in search interest often leads to more downloads of apps like Coinbase.

What is the role of moon phases in the speaker's trading strategy?

The speaker uses moon phases as part of their technical analysis, calling the full moon the 'bull moon' and the new moon the 'bear moon.' They claim that these phases have accurately predicted short-term Bitcoin price movements in the past, suggesting that the upcoming 'bull moon' could signal a price surge.

How does the speaker view the current bull market?

The speaker is optimistic about the current bull market, acknowledging its potential to continue until mid-2025. However, they also warn about the risk of sudden market shifts and stress the importance of taking profits when possible.

What is the advice regarding taking profits?

The speaker strongly advises taking profits when they are available, especially in a market that could turn at any moment. They caution that many traders regret not taking profits when the market eventually pulls back.

What does the speaker mean by the term 'extreme greed' in the market?

The speaker mentions that the market is currently in a phase of 'extreme greed,' based on historical trends. This sentiment has lasted for extended periods in previous bull markets, but it can eventually lead to a major pullback, like a 50% decline, so caution is advised.

How does the speaker manage their trades and risk during volatile market conditions?

The speaker manages risk by using low leverage, dollar-cost averaging into positions, and adjusting margin levels as needed. They emphasize the importance of not taking excessive risks and preparing for potential pullbacks.