BITCOIN: ALL IN!!!!!!!

MMCrypto

20 Sept 202404:35

Summary

TLDRIn this Bitcoin analysis, the speaker discusses the current price movements and predicts that the market may be at the 'beginning of the end' of a bearish phase. They highlight a daily W pattern on the chart, suggesting a breakout could signal the start of a parabolic bull market phase. The speaker estimates a potential price target of around $67,200, which would set a new nominal all-time high. They advise viewers to wait for a daily candle close above $64,500 with significant volume before fully committing to the trend. The video also promotes a trading bonus offer for experienced traders.

Takeaways

📈 The speaker is discussing the current Bitcoin price and believes it might be the beginning of a significant upward trend.
🌟 The speaker has been predicting the current Bitcoin price movements on the mm crypto channel for some time.
📊 The speaker is analyzing the Bitcoin chart and mentions a 'daily W pattern' which they believe is crucial for the upcoming price action.
🚀 A breakout from the daily W pattern is seen as a signal for the start of the last parabolic phase of the bull market.
🎯 The price target for the breakout from the W pattern is around $67,200 USD, which would set a new nominal all-time high for Bitcoin.
💸 The speaker has a Bitcoin trade that is almost back to an all-time high in profit, with nearly 7.5 million USD in gains.
🔑 Breaking the $64,500 resistance level with volume support is key for the continuation of the upward trend.
🥂 If the price reaches around $73,000 with volume support on a weekly candle, it could trigger the last parabolic phase of the Bitcoin bull market.
📅 The speaker expects a potential 6 to 8-month long bull market phase if the current patterns and price levels are broken.
🔗 The speaker encourages viewers to engage with the video by commenting, sharing, and making noise for the algorithm.

Q & A

What is the current situation with Bitcoin according to the speaker?
-The speaker indicates that Bitcoin is at a critical point that aligns with previous predictions made on the mm crypto channel. They suggest that this could be the beginning of a significant upward trend.
What does the speaker believe is unfolding in the Bitcoin chart?
-The speaker sees a 'daily W pattern' unfolding in the Bitcoin chart, which they have been discussing for some time. They believe this pattern is significant for预示着 future price movements.
What is the potential significance of breaking out from the daily W pattern?
-Breaking out from the daily W pattern is considered a requirement to initiate the last parabolic phase of the bull market, which the speaker anticipates will happen very soon.
What is the projected price target for the breakout from the W pattern?
-The speaker mentions a price target of around $67,200 USD for the breakout from the W pattern, which would nominally set a new all-time high for Bitcoin.
What is the importance of breaking the $64,500 resistance level?
-Breaking the $64,500 resistance level is crucial as it is associated with the horizontal resistance of the W pattern. It is also linked to the potential breaking of the cup and handle pattern on the monthly candles, which could signal the start of the last parabolic phase of the Bitcoin bull market.
What is the speaker's expectation for the Bitcoin market after the breakout?
-The speaker expects another six to eight months of a parabolic bull market after the breakout, once certain requirements are met.
What advice does the speaker give regarding trading actions?
-The speaker advises not to go all in before the daily candle closes with significant volume above $64,500, indicating a cautious approach until the breakout is confirmed.
What is the speaker's view on the current profit from their Bitcoin trade?
-The speaker is almost back at an all-time high in profit from their Bitcoin trade, with almost 7.5 million USD in profit, which they find remarkable given recent market movements.
How does the speaker engage with their audience on social media?
-The speaker encourages audience engagement by asking for likes, comments, shares, and noise for the algorithm. They also express a willingness to respond to comments and like shares if they see them on platforms like Telegram or Twitter.
What promotional offer does the speaker mention at the end of the script?
-The speaker mentions a promotional offer for a $30,000 bonus on a trading platform, which requires registration, deposit, and can be availed by clicking a link provided in the script.
What is the speaker's final message to their audience?
-The speaker thanks the audience for watching and hints at more updates to come, signing off with a casual farewell.

Outlines

00:00

📈 Bitcoin Price Analysis and Predictions

The speaker discusses the current Bitcoin price, indicating that it is at a critical point that has been anticipated for some time. They suggest that this could be the beginning of a significant upward trend. The speaker encourages viewers to engage with the video by liking, commenting, and sharing to support the channel. They also mention their own Bitcoin trade, which is nearing a profit of almost 7.5 million USD, and highlight the importance of breaking the $64,500 resistance level for the Bitcoin price to potentially reach a new all-time high. The speaker also discusses the 'daily W pattern' and its significance in预示着即将到来的牛市最后抛物线阶段。

Mindmap

Keywords

💡Bitcoin

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries. In the video, Bitcoin is the primary subject of discussion, with the speaker analyzing its price movements and predicting future trends, indicating its centrality to the video's theme.

💡Price Chart

A price chart is a graphical representation of historical price data for a security, commodity, or currency, often used to identify trends and make trading decisions. In the script, the speaker refers to the Bitcoin chart to discuss current market conditions and to support their analysis of potential future price movements.

💡Daily W Pattern

A 'W' pattern is a technical analysis chart pattern that signals a reversal from a downtrend to an uptrend. It is characterized by two troughs that are roughly equal in price, creating a 'W' shape. The speaker mentions a 'daily W pattern' on the Bitcoin price chart, suggesting that a breakout from this pattern could indicate the start of a significant price increase.

💡Parabolic Phase

In financial markets, a parabolic phase refers to a period of rapid and accelerating price increases, often seen in the final stages of a bull market. The speaker anticipates the 'last parabolic phase of the bull market' for Bitcoin, implying an expectation of a rapid and significant rise in price.

💡Price Target

A price target is an estimate of the future price of a security, often used by analysts to guide investment decisions. In the video, the speaker discusses a price target of approximately $67,200 for Bitcoin, which is seen as a potential breakout level that could lead to further price increases.

💡All-Time High

The all-time high refers to the highest price a security, commodity, or currency has ever reached. The speaker mentions that breaking certain price levels could put Bitcoin at a new all-time high, nominally, indicating a significant milestone in the cryptocurrency's value.

💡Horizontal Resistance

In technical analysis, horizontal resistance is a price level where selling pressure is strong enough to prevent the price of a security from rising further. The speaker refers to the horizontal resistance at $64,500 as a key level that, if broken, could signal a significant upward movement in Bitcoin's price.

💡Cup and Handle Pattern

The cup and handle pattern is a bullish technical price pattern that signals a consolidation phase before an asset price is expected to rise. The speaker suggests that breaking the cup and handle pattern at approximately $73,000 could indicate the start of the final phase of the Bitcoin bull market.

💡Volume Support

Volume support refers to a situation where an increase in trading volume accompanies a price movement, often interpreted as a sign of the movement's strength and validity. The speaker emphasizes the importance of volume support when Bitcoin's price breaks through certain resistance levels, as it could confirm the sustainability of the price increase.

💡Trading Strategy

A trading strategy is a plan that outlines when and how to enter and exit trades, often based on technical or fundamental analysis. The speaker discusses their own Bitcoin trade, which is almost back at a profit of 100 Bitcoin, illustrating the application of trading strategies in the context of cryptocurrency markets.

Highlights

Bitcoin price analysis suggests a potential significant change is happening.

The current Bitcoin chart aligns with previous predictions made on the mm crypto channel.

A possible beginning of a bullish trend is indicated by the current market conditions.

A daily W pattern is observed in the Bitcoin chart, which is a positive technical indicator.

A breakout from the daily W pattern is necessary to initiate the final parabolic phase of the bull market.

The price target for the breakout from the W pattern is estimated to be around $67,200 USD.

Reaching the price target could lead to a new all-time high for Bitcoin, nominally.

A crucial resistance level at $64,500 needs to be broken with volume support for the pattern to be validated.

A breakout at the monthly candle level could occur at approximately $73,000 with volume support.

The speaker anticipates a potential 6 to 8-month parabolic bull market phase for Bitcoin.

The speaker advises waiting for the daily candle to close above $64,500 with significant volume before making moves.

The video encourages viewer engagement through likes, comments, and shares to support the channel.

The speaker mentions a promotional offer for a $30,000 bonus on a trading platform.

The speaker expresses gratitude for viewer support and engagement.

The video concludes with a tease for the next mm crypto video.