Today we're going to be looking at bitcoins long-term projection alongside with its short term projection also talking about when we're gonna see that $20,000 Bitcoin not only because of the fundamental analysis, but also the technical analysis which is what we're gonna look at right now and also talk about learning about the Fundamentals of what I've seen in the behind the scenes being the fact that I advise nine blockchain companies and I'm traveling the world Right now speaking about crypto currencies and blockchain and by the way I'm sorry that I haven't posted a video in two weeks If you guys aren't part of traders profit clip you guys know I'm in the discord every day saying you guys Signals, we have our team of analysts posting bit mixed signals crypto signals, but right now I'm actually creating some partnerships in London Then I'm gonna be announcing very soon for traders Traffic will be have a lot of new stuff coming We're actually on the full-on course coming out in the next week or so so if you guys aren't premiere members watch out for that a lot of you guys are having questions about our bit mixed signals that We've been posting but we've been having an amazing time this bull market I'm gonna talk about a little bit about where big points price levels are headed and also talked about the total cryptocurrency market cap So you guys gonna have an update of what's happening here? I want to make sure and keep you guys up to date with the best information possible So first and foremost want to look at this weekly chart I want to talk a little bit about what we're seeing here and where we're possibly gonna start to see a correction And some better price levels for an entry for Bitcoin and you can see we've got this volume on the right here you've got this high volume area right around that 64 to $6,500 level and this is where I want you guys to watch specifically if you look at this exact level here, this is where we previously consolidated and found some really good support after that bear market correction in 2017 so really that level is gonna be right between that 5900 to that $6,500 level in which we're looking to see Bitcoin, correct? and I'm gonna talk about why these levels are extremely important and why I think this is gonna happen before we see any further highs with Bitcoin but in the overall Fundamental sense of this market our confirmed transactions per day right now is maintaining 300,000 transactions per day level We're seeing the total cryptocurrency market cap rise, and we're seeing a lot of bullish momentum coming to this market if you guys don't remember Cambridge analytics this is something Brock peers told me in a private that I was with In LA I was with him in LA He mentioned how they did announce for the first time ever that over 300 billion dollars in managed assets are now being recommended to put 32 points of their investments into blockchain and cryptocurrency and therefore in my opinion and in Brock's opinion spring is over and we're gonna start to see summer coming here real soon and I'm also gonna talk about why we may not see a correction with Bitcoin to these $6,000 levels because we are starting to consolidate at these highs But we still have some very important indicators that I want you guys to look at so first and foremost Let's pull up this daily chart and take a look at what's happening here amongst what we saw here on that weekly volume chart So looking here on the daily chart What I really want you guys to focus on is this 50-day moving average? You can see here after we saw that 100 million dollar Bitcoin order put in here right around April and we saw Bitcoin jump 24% That's really what we started to actually go away from that 50-day moving average, but you can see initially we went above it here right around February of 2018 and that's really when the bear market Finished and that's where we started to bounce on that 50-day moving average
And this was very reasonable But this is really where we started to see bullish momentum Start and I think it's because when people saw that 100 million dollar order, like I said it was February of 2019 that camera Janet lytx, which is a analytics company for hedge funds and institutional funds that managed over 300 billion dollars in assets the issue that a recommendation for investing in cryptocurrency blockchain technology for the first time and Shortly after we saw that big institutional order come in and in my opinion we haven't yet seen the majority of Institutional orders come to this market and we're gonna start to see those over the next couple of months into the next couple of years But you have to understand that the adoption of this is gonna take a very long time But I'm gonna talk a little bit about why it's very possible for us to see Bitcoin at that 20 thousand dollar level Very very soon at least in the near short-term long-term future if that makes any sense I would say in several years It's very possible for us to start heading back towards our highs but I wouldn't necessarily say that we're just gonna start to jump towards those levels right now because we are Supposed to look at these reasonable levels If you look at this volume chart the weekly again You can see that there's very little volume here past these areas that we've finally broke past And so these are the areas that are gonna be extremely hard for us to break through Unless we really see a lot of liquidity come to this market but to get back to the daily chart that 50-day moving average as you can see is Exactly where we want to start watching and that's right in that zone that we're looking for Correction on and you can see the 50-day just went above that zone But as we start to see big when consolidating here we'll see that 50-day moving average starts to curve a little bit downwards and that's why this zone is Extremely important for us to watch I'm where I believe Bitcoin will correct if we do see a correction I'm gonna talk about why there might be a possibility that there isn't a correction and how to look for a confirmation of that you Can also look here This was past support in the past we obviously consolidate here after that 2017 bear market and that in my opinion Shows us that this level is a very strong level here for Bitcoin, especially now that Bitcoin is way more advanced than it was in 2017 understand that technology has surpassed what it was in 2017 Latin America has had a lot of improvements and things of that nature A lot of companies are coming on board and accepting Bitcoin now We're starting to hear from Facebook starting their own coin things of that nature and all that Liquidity is gonna want to be transferred into Bitcoin at some point, especially if they're tokenizing and creating some sort of security asset And so looking here is well What we want to focus on for this break to the downside is gonna be this ascending support line So what I really like is that we have these really nice wicks here in this ascending support level that's being formed here And if we are going to see any sort of break to the downside, I'm really gonna start watching that 7,500 that 7700 level but in my opinion you can see we went right below that EMA on the daily that Blue line here and that's a bear sign But on the 4-hour chart, we're above the Ian main because of that I think there's also a big possibility that we could see a consolidation between the 7000 that $8,000 range allowing for some altcoins to start catching up and what's interesting about that is we send our altcoin signals every single day for our premium members if you Guys are not a part of traders profit club The link is in the description below That's where I spend the majority of my time, especially when I'm traveling But obviously I want to get this video out for all of you guys to make sure that you guys are staying up-to-date But looking at that EMA you can see we're now above it on the 4-hour But we look at the daily beer Below the EMA which is a very bearish sign for momentum Because you can see throughout this bullish market that we saw here start in April
We were above that Ian me Consistently and that's when we started to lose momentum We went right above it again sort of lose more momentum when above it again lost momentum This is really where we broke below it And now we're seeing that resistance right around that 80 100 dollar mark I think 8100 is a very strong resistance right now for Bitcoin as well You can see we saw two spots here where that activist resistance and then we saw this double top here I think that is what's gonna show us that this is possibly correction It's the fact that we double top and all the other factors that we're talking about here including the EMA Let's move on to the 4-hour chart to look at what else is happening here? Now the ascending support line is going to be extremely important to watch and I'm gonna tell you exactly why what's very interesting about that ascending Support line that we just drew out here is if you look at that in the 4-hour chart you can see that we have this huge wicks that formed here recently and that Right there in my opinion If you look here was a very very good sign of where we're starting to see this support form And so that's really level I'm watching right now to see a confirmation to the downside and if we do see that confirmation in the downside We're very very possibly gonna start heading towards that 5960 500 dollar level and that's where I think we'll see the most reasonable price levels for Bitcoin and as long as we can break Above that EMA on the daily chart That's what I believe It will start to see more and more bullish momentum come into this market And so other than that, let's go ahead and actually move on to the total crypto currency market caps I don't have much time for this videos I hope you guys enjoy the fact that I'm doing this on my travels here in London So like the video if you guys haven't already but we're gonna total this We're going to finish this off looking at the total crypto currency market cap chart and talk About what we're seeing there as well and how that also aligns with the technical analysis that we're seeing here with Bitcoin So the biggest thing that wants you guys to realize here with the total cryptocurrency market cap is we're starting to see a lot more Volume come to this market That's very positive That's why I'm still very bullish on this market We're seeing a lot of bullish upside And the one thing I want you also to realize here is If you look here at this 50-day moving average on the total cryptocurrency market cap chart It's actually a place where we've consistently balanced on When we saw any sort of bullish momentum in this market You can see this 50-day moving average in red is where we started this bull market and you see that we saw this Extreme amount of upside we went right there at that
50-day we bounced on the 180 We went right back above Stayed above the 50-day bounce right back on that 180 went right back above that 50-day and it's exactly what we're seeing here right now You can see we're weighing above that 15 that 108 moving average We've already seen quite a good period of bullish momentum here for about 111 days already and therefore in my opinion we may see that downside as you can see obviously We just talked about this Elongated period of time that we've been above that 50-day moving average And so what I'm watching right now is for that correction to that 50-day moving average What's very interesting about that is that it's exactly where we see that consolidation point where we predicted Bitcoin to start heading towards that 6000 level so that's really where I'm watching Sorry for that abrupt ending by the way I just saw the time I'm like, oh snap I can't redo this I have to go right now
And so I have a meeting But yeah I'm super excited for all the Partnerships that we're making we're gonna be announcing a lot of cool things for all of you guys that are part of our premium group and for those of you that aren't and Other than that if you guys have any questions about Bitcoin put them in the comments below I will answer them and look at them and Hopefully we can get another video out soon for some coin price predictions and technical analysis and also go through some news and fundamental articles But if you guys aren't follow me on instagram, my instagram is at 19 and AEM I'm always updating there and then discord is really where I'm always at And so if you guys are in our premium group, you guys know that I'm posting signals every single day We post crypto forex stock and bit mixed signals and we've got amazing analyst me means every single day So thank you guys so much for watching I hope you guys enjoyed this video and until next time I'm out
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