what's going on guys Patrick here hope you guys are having a fantastic day today we're gonna be going over the major move I think it's gonna happen in the cryptocurrency space very very soon we're also be talking about a record number of whales entering this space as well as tons of other news that went on in the cryptocurrency space so guys without further ado make sure you are subscribed you've hit that Bell notification so you can stay updated with every video that we come out in the future darting off on the one hour timeframe as you guys can tell I just moved as well into a new place we don't have a lot of furniture I have the standing desk I have the camera that's all we really need to get going so let's jump into this the one hour time frame as you guys can tell we had a break above the EMA ribbon come in on the 15th of June now this led into a pattern that a lot of people were eyeing where we were trading over and over again this is a pattern that usually breaks to the bullish side a lot of people are already calculating that this pattern if broken correctly could take us up to the $10,000 mark and Bitcoin has been a pain and I've been telling everybody to be very very careful now although we were able to capitalize on a trade and they hit the first target already at nine thousand five hundred and fifty dollars so right over here it hit our first target and we were all in profit after that moved our stop loss everything was good however in Bitcoin as you can tell has been very very dangerous that's why I've been saying be careful it's been very dangerous a lot of manipulation coming in and what happened was that move that everybody was expecting to the upside well we got a giant wick on the one hour time frame before it just went straight down so that's all stuff that's been happening right now and that move really hurt a lot of people a lot of people were in a long position they didn't move their stop-loss they didn't secure profit along the way and that means that they ended up again their stop losses hit probably and therefore they lost money instead of being able to actually make money so that's definitely a bummer but in this move as well you'll see a breakdown below the EMA ribbon again so we had one move up and if you know what you're doing if you are experienced then again you are able to capitalize on these balances off the supports once and twice you can capitalize on two separate balances both which could have netted you a good amount of profit I myself was it in every single one of these balances obviously you can't capitalize on all of them however if you were active and if you were there then you could have made some good money on this as well so all of these patterns coming up giving us a lot of opportunities which is what I always talk about opportunities in the market in order to trade successfully in order to capitalize on Bitcoin no matter if it's going up or if it's going down but one hour time frame broke below the EMA ribbon let's see if we are gonna have a retest of what was the support and is now resistance and if we're gonna start trending downward similar to what we saw happen here when we were below the EMA ribbon and we just tested off the resistance multiple times and again every single time you can see the amount of opportunities we had during this range if you were able to capitalize on it that's like one move two moves you know three four five who knows how many moves you could have capitalize on all bouncing off the resistance that we had on the EMA ribbon now moving into the four hour time frame this is looking a little bit more bearish currently as well the one giant wick that came in but currently looking like we could be below that EMA ribbon again now this is bearish because a break below the EMA ribbon as you guys know is a bearish trend and that's kind of the indicator I like to use the EMA ribbon for the trends in the market the one-hour time frame is the smaller time frame the four hour time frame is obviously a little bit more of a midterm time frame the daily time frame is a bigger time frame and the weekly time frame is a very big picture time frame where if we break above or below we usually stay there for a very long period of time Dave a daily we stay there for multiple weeks usually the four hour a couple of for our candles usually a couple of days the hour than that we can have fluctuations once every two days or stuff like that so that's just something to keep an eye out on but this pattern obviously now looking like it's breaking to the downside went to the upside to try and you know probably hit people stop losses that were in a short and then from there again boom now it's hitting stuff losses for people that were in a log and these are the dangerous candles that we really have to watch out for so to me let's see if we do continue downward on the EMA ribbon and if we do and if we get that confirmed break below then that would indicate bearish trend on the 4-hour time and that's exactly how we are going to be playing because you'll notice when we broke above on the 15th of June here as well we found support multiple times on the EMA ribbon the EMA ribbon lines up pretty much perfectly with this support that we had drawn on the triangle down here so just to show you guys how this actually does work but the big move that a lot of people been thinking about the big move that I've been looking at and the big move that I think would dictate the direction of Bitcoin for at least the next few let's say the next few days less the next few weeks is this pattern being formed over here now we don't have an exact date of when this pattern is going to break however you'll notice the end here is roughly around the first week of July the third the fourth the fifth of July is how I've drawn it and that's this area over here where we could see the breakout happened now bitcoins been trading and you guys can see the support ever since back here we have the support here we have the support here we have the support here and we've had multiple supports in this range as well same as the resistance at 10k this line drawn over here we have a range up here which we also find some resistance but the main one currently at the five figure mark between 10k and 105 K is the area that Bitcoin has not really been able to stay at before it does just come right back down but the bullish news on the daily timeframe is if we zoom out and you guys will see this if we zoom out we've had ever since the 13th of March 2020 we've been making higher lows which is obviously a very good sign we had the first one over here we had another one we had another two technically right then we have more and more and more coming into this pattern in that lower highs are higher low sorry higher lows is a bullish sign that we can again as long as that maintains and that continues to happen is very good we're still well above the EMA ribbon on the daily timeframe as well so we'd have to break below 9k to see that job and then again if we do break below and we start making lower lows then that would be a very bearish sign for a big one as well but until that happens we can play this and a watch to see if we think bitcoins going to bounce up the resistance of course at 10 K over here but notice really quick that the volume here ever since the start of this pattern the volume has been on the decline and I've said this multiple times in previous videos when the volume is on the decline that's when we expect big moves to happen so this pattern this pattern like starting to consolidate the price right we're in a triangle consolidating the price into this area's a narrower and narrower range plus the volume decreasing is building up and usually builds up into a bigger move in the future whether that's going to be a break below the EMA ribbon which again would bring us right back down we could make lower lows which would be bearish it would put us in a short to mid-term bearish trend but a break above in this consolidation that we've been in for multiple weeks now around this range where we can try to break above the 10 and 10 and a half K if we break above here right boom and we can finally get above this range and stay above this range then we can I targets like I mentioned before 12 K 15 K those are all very possible as well so it's just about knowing the different scenarios knowing what you're looking at not trying to jump in too early to try and predict too much of the price but being able to identify what's going on how we can play this and be able to capitalize on these opportunities and as always if you guys want to see the trays that myself and my team are in then I do offer a service where you guys can go in and do that it doesn't matter what experience level you are so if you are a complete beginner if you don't have time to do technical analysis or you simply don't know how to do technical analysis you can copy every single one of the trades and myself and my team enter it's all posted in here we have the all coin trades we have leveraged trades and we have the number one community in the cryptocurrency space full of people ready and able to answer any question that you might have 24/7 doesn't matter what time of the day that is is always somebody awake and we offer a two week free trial so a 14-day free trial where you can test everything we have to offer completely risk-free and if for some reason it does not work for you or you simply don't want it and you don't like it it's just not meant for you that's totally fine you can cancel and you will avoid getting charged it's as simple as that we're breaking all the barriers down so that everybody can capitalize and get into the opportunities that I talk about in every single video identifying them if you're not able to do that and you know that you're missing out on these opportunities for yourself as well then right here you can get my trades you can get my team of experts trades always posted in their updates almost every single day we have trades at this point and things have been going very very well if you're I know a ton of you guys have joined you've seen everything we have to offer if you haven't joined yet that two-week free trial I can't wait to see you guys in there but let's go into the news really quick Bitcoin really quick let's take a look at the opens and how they're doing is down 0
4% of last 24 hours relatively sideways compared to the huge week and then the huge job that we had there hasn't been too much price change in the last 24 hours even the last hour you'll see not too much happening meaning a lot of all coins small gains but for the most part it's pretty split we have some old coins down 5% some up 5% or up to 3% but overall it's still waiting for a direction on the 4-hour chart I think would be the main one a direction if we're gonna be heading up or if we're gonna be heading down all coins I've had a fantastic run the last few weeks might see that start cooling down a little bit that wouldn't surprise me whatsoever might talk more about that in a future video if you guys want to see that let me know down below in the comments if that's something you guys want me to talk about I've been talking about you know the leading up to this all clean run the great all coin run that we've had and now we might see a little bit of a cool off so be careful with all coins but Bitcoin Wales and now this is really interesting that we've identified with this or in this article they've identified a whale as somebody that holds more than 1,000 Bitcoin now that's more Bitcoin that I hold I'm assuming that's more Bitcoin than you hold as well otherwise you're probably not watching this video you're probably busy investing it in a large different places hopefully not spending at all investing in reality thousand Bitcoin right now I believe is like 10 million dollars as long as I'm doing that math correct which is a huge sum of money for most people but still if you have 10 if you have a thousand Bitcoin make sure you're using your investments wisely but still that's not the point the point is on this chart this orange line you guys can see right here this is indicating the number of Bitcoin holders with over 1 so the number of whales in the Bitcoin market right or in Bitcoin right now then this gray line is the price of Bitcoin right now now we are at a range over here that we haven't been at ever since the beginning of the last move in 2017 right the last bull run when the price exploded into that ten or the twenty thousand dollar mark so as of right now whales are accumulating more and more people are picking up Bitcoin and trust me when I say this Bitcoin especially more than all the other assets out there Bitcoin is less regulated there is manipulation in this space meaning if you know how to play it it can be great for you but if you don't know how to play it and you believe that there is it it could hurt you because again the whales do a lot of the time control the market now that being said it's not all the time there's still tons of opportunities but whales do have their say if they sell off or if they buy it can make a big difference and it can make a big move in the Bitcoin price so a lot of whales holding a lot of Bitcoin could mean that they believe and it probably means that they believe it's going to do very well coming into the next few months now again this is months not short-term few days next few months long-term expected to go up so that to me it does look a very bullish over there but guys that's gonna be for this video hopefully you guys did enjoy if you did don't forget leave a thumbs up and leave a comment down below letting me know what you guys think of the Bitcoin price can't wait to see you guys join a bunch you guys joining into the group as well I can't wait to see you guys in there but guys thank you so much for watching I'll see you guys on Friday for another video
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