🚨 BTC & ETH: ADD TO LONG HERE??? OR FLIP SHORT???

Summary

In this video, the trader discusses a challenging market situation where profits have dropped to $100,000. Despite market dips influenced by the FOMC and CPI, they remain optimistic, highlighting the potential of Bitcoin and an upcoming Ethereum ETF launch. They emphasize the importance of long-term trading and seize the opportunity to add to their long position, considering any current correction as a chance for wealth creation. The video also promotes a 42% discount on trading fees for new Bit account sign-ups.

Takeaways

• 📉 The speaker's profit has dropped to $100,000 and they plan to share their trading strategy by the end of the video.
• 💼 The speaker mentions market dumps due to the Federal Open Market Committee (FOMC) meeting and the release of CPI data, affecting ETFs.
• 🔗 They promote a link for Bybit, offering a 42% discount on trading fees for new accounts with deposits over $100,000.
• 📈 The core CPI has decreased, which is seen as positive, and the FOMC has maintained the interest rate with only one cut projected for the year.
• 📊 Bitcoin's price initially spiked due to better-than-expected CPI news but later dropped due to FOMC outcomes and concerns about high rates.
• 🏦 The world's largest bank, ICBC, recognizes Bitcoin as a solution to gold's issues with divisibility and portability.
• 📅 The speaker anticipates the launch of an Ethereum ETF, which could significantly impact Ethereum's price due to its smaller market size compared to Bitcoin.
• 📉 The speaker is considering going short on their trade but emphasizes the importance of staying informed about the ETF launch.
• 📊 The speaker provides a technical analysis of Bitcoin's chart, mentioning a potential drop to $65,000 and a main support level at $57,000.
• 🤔 They discuss the possibility of a further drop in the market but view any correction as a 'generational wealth creation opportunity'.
• 💰 The speaker has added to their long trade on Ethereum, seeing the current situation as a chance to build their position further.

Q & A

What is the current profit mentioned in the video script?

The current profit mentioned in the video script is $100,000.

What is the significance of the FOMC meeting and CPI in the context of the script?

The FOMC meeting and CPI are significant because they influenced market movements, causing some ETFs to be dumped ahead of these events, which in turn affected the speaker's trading decisions.

What is the 'Shield' mentioned in the context of trading on Bybit?

The 'Shield' refers to a discount on trading fees offered by Bybit. If a user deposits more than $100,000, they can get a 42% discount on trading fees using the speaker's referral link.

What is the potential impact of the ICBC's recognition of Bitcoin on the market?

The recognition of Bitcoin by ICBC, the world's largest bank, could potentially boost Bitcoin's value and market perception, as it suggests that Bitcoin solves some of the problems associated with gold, such as divisibility and portability.

What is the upcoming event that the speaker is anticipating in relation to Ethereum?

The speaker is anticipating the launch of an Ethereum ETF, which is expected to increase demand and potentially the price of Ethereum.

What is the current stance of the Federal Reserve (Fed) as per the speaker's interpretation of the FOMC meeting?

According to the speaker, the Fed maintained a hawkish stance by keeping interest rates steady and projecting just one cut this year, which is business as usual and nothing new.

What is the speaker's strategy regarding their Ethereum trade in light of the current market conditions?

The speaker has added to their long trade on Ethereum, considering the current market conditions, the upcoming ETF launch, and the recognition of Bitcoin by ICBC, viewing any correction as a wealth creation opportunity.

What is the speaker's view on the potential downside of their Ethereum trade?

The speaker believes that the downside is limited, suggesting that the risk is manageable and that the potential for upward movement is significant.

What is the significance of the 'Event Horizon' mentioned in the script?

The 'Event Horizon' seems to be a significant upcoming event or product release that the speaker is promoting, encouraging viewers to stay tuned for details on Twitter.

What is the speaker's final message to the viewers?

The speaker's final message is to stay smart, stay rich, and take advantage of the 42% discount on trading commissions on Bybit using their referral link.

Outlines

00:00

📉 Market Volatility and Trading Strategy Amidst FOMC and CPI Reports

The speaker discusses the current state of their trading, noting a significant drop in profit to $100,000 due to market dumps influenced by the Federal Open Market Committee (FOMC) meeting and the Consumer Price Index (CPI) report. They mention an AMA session and a Twitter event, then focus on the core CPI which has decreased slightly, aligning with market expectations. Despite the Fed's hawkish stance, the speaker sees the market as stable. They highlight the potential impact of the world's largest bank, ICBC, recognizing Bitcoin over gold and the upcoming Ethereum ETF launch, which could significantly influence the market. The speaker emphasizes the importance of staying informed and prepared for these events, suggesting that any market dip could be an opportunity for wealth creation.

05:01

📈 Analyzing Market Support Levels and Long-Term Trading Insights

The speaker provides a technical analysis of Bitcoin's and Ethereum's charts, noting the current grim outlook with Bitcoin's price dropping below a previous support level. They predict a potential target of $65,000 for Bitcoin and emphasize the importance of the $57,000 support level. For Ethereum, they identify a critical support level at $3,000, suggesting that any significant drop below this point would be unexpected unless the ETF launch is a failure. The speaker has added to their long trade at the current price levels, viewing any further correction as a 'generational wealth creation opportunity'. They express confidence in the long-term upward direction of the market, indicating a willingness to increase their position if the market dips further. The speaker concludes with a reminder to manage risk and stay informed about upcoming events, offering a discount link for trading fees on Bybit.

Keywords

💡Profit

Profit in the context of the video refers to the financial gain or positive earnings from a trade or investment. The speaker mentions a reduction in profit to $100,000, indicating the fluctuating nature of trading and the importance of staying informed to make strategic decisions.

💡Traders

Traders are individuals or entities involved in the buying and selling of financial instruments such as stocks, currencies, or cryptocurrencies. The video emphasizes the resilience and long-term perspective required by traders, especially in the face of market volatility.

💡FOMC

FOMC stands for the Federal Open Market Committee, which is responsible for making key decisions about interest rates and monetary policy in the United States. The script mentions the impact of an FOMC meeting on the market, particularly how it can lead to trading activity and price movements.

💡CPI

CPI stands for Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services. In the video, the speaker discusses how the release of CPI data can influence market sentiment and trading decisions, as it is a key indicator of inflation.

💡ETFs

ETFs, or Exchange-Traded Funds, are investment funds that are traded on stock exchanges, similar to individual stocks. The script discusses the potential impact of ETF launches on the market, particularly for Ethereum, and how they can attract new investment and influence price movements.

💡Divisibility

Divisibility in the context of the video refers to the property of an asset that allows it to be divided into smaller units without losing its value. The speaker cites a statement from ICBC recognizing Bitcoin's advantage over gold in terms of divisibility, which can make it more convenient for trading and investment.

💡Inconvenience

Inconvenience in the video is used to describe the difficulties associated with carrying and storing physical assets like gold. The speaker contrasts this with the ease of handling digital assets like Bitcoin, highlighting the practical benefits of cryptocurrencies.

💡Bybit

Bybit is a cryptocurrency exchange platform mentioned in the video. The speaker promotes it as a trading venue, offering a discount on trading fees for new users who sign up using a provided link, which is a common practice in affiliate marketing within the trading community.

💡M2 Money Supply

M2 Money Supply is a measure of the total amount of money available in an economy at a given time, including cash, checking deposits, and easily-convertible near money. The video suggests that changes in M2 money supply can influence market liquidity and, by extension, the prices of assets like Bitcoin.

💡Elections

In the video, the speaker hints at a potential market reaction to upcoming elections, suggesting that political events can have a significant impact on financial markets. The mention of elections implies that traders should consider such events when making investment decisions.

💡Asymmetrical Bet

An asymmetrical bet refers to a situation where the potential for gain is significantly higher than the potential for loss. The speaker uses this term to describe the current trading environment, suggesting that the risk-reward ratio is favorable for adding to long positions in Bitcoin and Ethereum.

Highlights

Current profit down to $100,000 with a planned trade reveal at the video's end.

Market downturn attributed to FOMC and CPI, affecting ETFs pre-announcement.

A small shield in trading due to using Bybit with potential discounts for large deposits.

Core CPI forecast lower than previous, indicating a positive trend.

Unemployment not spiking, aligning with expectations post-FOMC meeting.

Bitcoin's price reaction to CPI news, with an initial spike followed by a dump.

ICBC recognizing Bitcoin as superior to gold in terms of divisibility and portability.

Anticipation for Ethereum ETF launch and its potential impact on the market.

Ethereum's market size being three times smaller than Bitcoin, implying significant price impact from ETF inflows.

Technical analysis of Bitcoin's chart, indicating a grim outlook with a target of $65,000.

Importance of the $57k support level for Bitcoin, suggesting a potential retest.

Ethereum's current position at a crucial support level with expectations of an upward move.

Addition to a long trade at a perceived generational wealth creation opportunity.

M2 money supply and upcoming elections as factors influencing the market direction.

Asymmetrical betting strategy explained, advocating for adding to long positions on dips.

Personal trade update, moving from a $1.7 million to a $2 million position with current profits.

Advice on trading Bitcoin with proper risk management and using the provided link for Bybit discount.

Upcoming Event Horizon release teased on Twitter for early adopter benefits.

Transcripts

okay this is not looking that good so we

are down to only

$100,000 profit and I'm going to show

you what I'm going to be doing with this

trade at the end of the video so make

sure to stick around till the end so

let's first go through as to what is

happening and it's not looking that's

very beautiful but as a Traders we

always need to stay strong we always

need to remember as to what we're here

for we're here long term so therefore

let's have a look first things first

we're seeing some dumps in the TFS right

now happening and the reason for this is

very simple guys because of the fomc

that happened yesterday and also because

of CPI so some of the ETFs got dumped

ahead of the CPI and the FC meeting and

also about the event horizon guys if

you're not

participating link something just

dropped we did an AMA session and

something that just dropped also on

Twitter check it out anyway let's move

on uh no Shields actually maybe a small

Shield because as you can see I'm

trading over on bybit and uh with Max

link down description of this video to

buybit you can actually if you're a

whale and you're trading with more than

100,000 and if you deposit more than

100,000 using my link down description

this video you will get a

42% discount on trading fees so you

could be saving yourself thousands of

dollars only if you use my link to sign

up so you can also create a new account

and just go through kyc using some other

form of identification and get a 42%

discount on fees and certainly you can

also claim up to $330,000 in initial

deposit bonuses just generally speaking

and just general bonuses for general

public as well so anyway uh let's move

on and what I want you to see here right

now is what is happening with the

inflation so that's a piece of the

puzzle that will influence my decision

and what I'm doing with my ethereum

trade right now so first and foremost if

we going to take a look at the core CPI

you're going to see that the forecast

the previous was 3.6 the forecast was

3.5 and it came in at 3. four so

actually we're steadily moving down

which is quite nice and also if we're

going to take a look at this one right

here which is basically the main one I

suppose that's what the main one is

called here so it was the previous was

3.4 the expectation was 3.4 and the

actual came in at 3.3 and the

unemployment isn't spiking yet so

everything is looking

okayish and that's what a lot of people

were actually expecting and that was the

FC meeting um which happened yesterday

and fomc keeps rat steady and projects

projects just one cut this year so

therefore Fed was kind of hawkish but it

Fed was as usual power was as usual

nothing new in my opinion the price of

Bitcoin has spiked a bit on the news of

CPI that CPI came out a bit better than

expected but then it actually dumped

just now again also because of the FC

and the possibility of the rates being

too high for too long and blah blah blah

so but for now it is looking quite okay

nothing new in my opinion and what

matters here is let me show you two

things that actually influence my

decision and what I'm doing with my

ethereum trade that is this is number

one the world's largest bank ICBC says

that Bitcoin solves Gold's problem of

divisibility and inconvenience to carry

so the largest bank the largest bank in

the world just recognized bit coin and

said that it's better than

gold so and we are currently standing

possibly at this time of this boring

somewh so side some side movish activity

I'm going to move too short in just a

second but this is to be expected and

those who are just dropping out now are

probably not deserving to get any

rewards so let me show you here this is

what we need to wait for in the next

weeks so we see as Jordan has pointed

out that the ethereum ETF launches next

week and SE sh Gary guinsler sees

ethereum ETF S1 approval coming sometime

in the summer but uh I think it's

possible that it's going to come much

sooner so therefore this is what we are

waiting for we are waiting for the

beginning of trading of the ethereum

sport ETFs to see how good it's going to

be and whether it's going to be also

sell the news which it could be again

anything can happen till the real

liquidity and the real M2 money supply

curve to actually start curving even

harder and to give us that liquidity

that we want but until then this is what

I would be paying attention to as

closely as I possibly could but just

generally

speaking uh the ETF launch is happening

is there and ethereum is three times

smaller than Bitcoin therefore any

inflow even 20% inflow with the

currently with tvl the total value

locked of ethereum even it slightest um

demand for E3 ETFs will be significant

for its price this is what people don't

really understand so this is what I

would be looking forward to and this

what I would be really trying to pay

attention to as hard as possible to not

miss out on this ones day TF St trading

which I'm going to keep you posted about

so subscribe hit that notification Bell

now to the chart and the chart is

looking a bit Grim so this is the chart

of Bitcoin and this is actually let me

remove the drawing because I said uh in

one of my previous videos that in case

if we do drop below which we actually

did right here of this support right

here which we actually did and we came

back and let's go to a smaller time

frame I guess well we actually came back

we retested it right here and now we are

going down so our Target right now is

probably like 65,000 right here so this

is our main support is to where we are

heading but the main support Still

Remains the Same area

57k for us to as I've showed you before

that we can actually go down a bit jug

along long maybe retest this area and

then finally into the elections we take

off and then this entire formation will

just look quite beautiful it's going to

just look like a consolidation and a

no-brainer but for now it looks quite

scary I understand that so especially on

eth that also has done and currently we

actually are standing at a very

important support and look this is my

old drawing that I didn't even remove

that we actually are going to the side

and actually dipping here it almost is

precise and then I'm expecting the price

to move off higher so right now we're

standing at a very important support

this has been it looks might might look

a bit like a floating level but actually

it has been quite an important support

so we're standing at an important

support here and again our main support

Still Remains 3K so I think that below

3K we shouldn't really be heading below

3K at this point with the ETF unless

it's going to be a total flop that's why

I'm saying you have to pay attention to

what is going to be happening with the

launch of the trading of the ETF but for

the time being again maybe it's going to

just extend a bit longer maybe we'll

just go a tiny bit lower we will

consolidate we will create something

like this and then finally we'll break

above so because of this and certainly

there is a chance of us still going tiny

bit lower I am all I'm doing right now

I'm actually I've just added to my long

trade just right here so I've just

officially that's why I'm saying like

the biggest world biggest bank in the

world is actually recognizing Bitcoin

and we have the ETFs and we have all of

this and the M2 money supply and the

elections coming so any correction now

in my humble opinion I could be wrong

but any correction now is a generational

wealth creation opportunity so that's

why right now we went on E from like

3900 down to like 3500 3400 so I think

it's a good place to add to the long

trade so therefore I've made this trade

now already 2 million it was 1.7 now

it's 2 million and currently sitting at

whatever 111,000 in profit so basically

that's what it looks like I just added

to it literally right here and in my

opinion I'll just keep building it if it

goes lower gives us this opportunity

maybe some recession some which

is still in the cards I'll keep adding

to it I'll probably I don't know if it

goes from 22 million to being a $5

million trade that would be pretty

amazing because I know the direction

down the road the direction is only up

and the downside here is limited

therefore this is what it means to have

an asymmetrical beted therefore it makes

total sense for me right here in terms

of eth considering this really nice pump

to actually add to it here and possibly

go all in right around here at 3K per

ethereum so this is my general idea let

me know what do you guys think down in

the comments and as always check out

this quick tutorial as to how to trade

Bitcoin prop risk in money manag but

don't forget about Event Horizon

something really cool being released on

Twitter so stay tuned don't forget about

it and be the early adopter and get all

the benefits and as always peace in love

Thomas Caro stay smart stay very rich

and get that 42% discount on trading

commissions on bit using my link down

below see you next video bye-bye