BITCOIN: $3 BILLION READY to BUY NOW!!🚨WARNING: $480 MILLION TETHER MINTED!!!

your Federal Reserve manage our money supply don't miss manage it by printing trillions to bailout huge multinational corporations okay what's going on guys it's k-dubb here with another episode of crypto zombie welcome back to the channel hope you're having a great end to your weekend great start to your week really depends on where you're watching today's video however at the time of making this video we are seeing some red across the markets we're seeing Bitcoin sort of pushed down we did have a little bit of rejection around the $7,300 level lots of people calling for an $8,000 Bitcoin is that possible well we do know that we have the Bitcoin having coming up in about 22 days so isn't $8,000 Bitcoin possible well I do want to go into some short-term analysis we are getting very close to a critical level you can see right here we do have a lot of resistance coming down so I want to talk about that I also want to go into one crazy Bitcoin chart now you guys are talking about you know sort of coincidences between Bitcoin and the stock market well I'm gonna actually show you a really cool chart from 1996 to 2000 in the Nasdaq that could give some hints as to what could happen for Bitcoin moving forward also want to talk about the fact that we have three billion dollars worth of quote-unquote dry powder ready to potentially ignite a cryptocurrency markets and also we need to talk about the fact that tether has printed half a billion dollars what is going on does this mean that the whales are going to move into tether and we're gonna have a dump or are they looking to use the tether to buy more Bitcoin and pump it that is what we're gonna talk about today if that sounds good to you you know what to do also today is your last chance if you're looking to get your hands on the free ledger 9os drop a comment below and we are giving that away tomorrow also if you guys checked out ledger is doing a twenty seven percent off deal if you want I do have links below you can check that out if you want to get one today or if you want to try to win one you can drop comment without further adue if you're not subscribed consider it let's dive in okay having a look right here we do notice that bitcoin is still maintaining this sort of yellow uptrend we are above the heart line of the original ascending pattern right so we are still sitting above previous resistance you can see right here we did break above the 50-day moving average however currently we are being held down by this resistance that started all the way up at around the ten thousand five hundred dollar level you can see it held us down here down here then we took that major dump and currently it looks like we are being held down again so granted we are above the 50-day moving average we are currently below the resistance and if we can't break above this resistance we do risk falling down maybe to around six thousand eight hundred dollars now obviously if we fall down to that level we would close the sámi futures gap that was basically started on Friday that gap sits around 7080 dollars so we may come down just to close that super quick however I do want to just break or actually show you this news that came out for the attempted break this is from crypto Yoda letters from Dagobah okay if you're following him and he's talking about a correction or a reversal and he says the Make It or Break It moment is approaching I'm not gonna go into the whole newsletter essentially if we scroll all the way to the bottom if you guys want to read this I will drop it below he says any break of 7475 dollars might lead Bitcoin to a strong breakout now if we can break and hold above 8,000 dollars he says this would be very bullish and would increase the chances of a major spike wiping out bears and igniting a brand new rally now we had actually talked about these levels back here if we had gotten above sort of the right here at this Green Line I have it around the 7900 so that's basically the $8,000 level and he does say the daily EMA cluster above needs to be broken first between seventy six hundred seventy nine hundred any pump failure could lead to a violent reversal down so caution is advised and of course we have been rejected again for the third week I mean technically if you count these little wicks down here it's almost been going on for five weeks now at around the vpv are right above my head at 7,200 dollars we need to break above this we need to hold above this on the daily for some bullish momentum right but essentially that's just what's happening short term for Bitcoin but what we need to talk about is the fact that Bitcoin priced in gold is at its lowest level in four years you can look at the stock to flow analysis over here by Plan B which I'm not gonna lie this model has been getting a little bit of flak lately however what do you guys think why is Bitcoin trailing behind gold so bad right now why has gold really been acting as the store of value do you think it's just because it's easier for you no investors who cashed out of stocks to get into gold since they usually buy them from the same people or do you think it's simply because gold is better or maybe because it's been around longer right so that is the question right but we do have the Bitcoin having coming up in 22 days now having a look right here at this tweet you can see there is an amazing correlation between the Nasdaq internet market cycle by the way this is from DIY investing over on Twitter and essentially the Bitcoin market cycle and you could see right here that although we do tend to think that it was correlated recently with the sell-off which it somewhat was correlated you can see that actually the Nasdaq had a major sell-off in 2008 I don't have to remind you what happened and that same sell-off looks unbelievably similar to the one that we just saw for Bitcoin as well as the crazy internet market cycle from sort of 1995 to 2000 resembles exactly what happened in Bitcoin from 2017 to 2018 so obviously Bitcoin tends to do this a little bit quicker right Bitcoin moves a little bit faster but one other one I want to point out as well is if you can see right here he says betting against this worst idea ever by the way that was pretty mind-blowing right he says Bitcoin literally looks the same as it does before every having 2018 was the very first year we ever had real institutional adoption and now you're bearish okay right but I mean currently having a look it does look like pit coin is trying to push down right now but keep in mind that when we do look at these having's it's not like we've ever had you know a massive you know blast-off pre having every having was very lackluster and the real pump the real bull run started after the having and in no in no indices of instances excuse me did we ever have a higher Bitcoin before a having so just keep that in mind you know people think we're just gonna have this crazy blast off that's probably not what is going to happen but here's the situation we had just 18 hours ago a hundred and twenty million dollars worth of teather minted at the treasury now we did have the CTO of tether coming out and saying this is an inventory replenish note this is an authorized but not issued transaction meaning that this amount will be used as inventory for next period issuance requests now some people are saying this is not a good thing if they're keeping it in the Treasury and they're not giving it out and they're waiting for when people are requesting more tether does this mean that they're anticipating people to be panic selling their Bitcoin and needing tether so they can move their money into it that is one theory okay because you can see that there has been massive printing over here and if we have a look at this article that came out from the crypto associate they pointed out that 360 million had been printed just this week alone and this article came out three days ago and according to masari's on chain effects heather has actually surpassed XRP or ripple by market cap now I know if you're using coin marquee cap ripple is sitting at number three and you have obviously tether sitting our XRP number three tether number four but if you come over here and you actually look at Masari you can see that tether is actually sitting at number three now if you're wondering why this is different well Masari sort of is a little bit better of a data aggregator you can actually see for example the real volume for the 24-hour bitcoin is only at around seven hundred and fifty-five million to go over on something like you know I'll do it right now actually let's go over to coin market cap what is it at right now for Bitcoin it's probably way higher yeah it's 31 billion so you have to take into consideration you know wash trading a lot of the volume isn't exactly real however here is the kicker so the guys over at Masari specifically the CEO has actually mentioned the fact that there is a huge amount of crypto sitting on the sidelines waiting to move into Bitcoin aetherium and XRP and this in the form of you guessed it stable coins new data shows that cryptocurrency exchanges are now holding three billion dollars in stable coins on behalf of their customers now this is slightly more bullish than tether minting it because this is actually physically sitting on exchanges which by the way you guys should never leave your crypto currencies on exchanges don't be crazy put them on something like a hardware wallet right but hey if you're leaving them on the exchange to each his own so they're basically saying that these investors are in a strategic position to re-enter crypto essentially at any time and to quote the CEO he says there's now three billion dollars of stable coins sitting on exchanges if investors wanted to cash out of crypto completely they would have withdrawn their funds to their banks but they don't they're keeping it in stable coins on exchanges instead we've got more dry powder as he puts it held in the crypto economy than ever before in both retail and market cap percentage terms so what are these investors waiting for are they waiting for one last final dip to try to catch these super super low prices well that is the question but it is a lot more bullish considering them holding it on exchanges rather than tether waiting to mint it out usually that means they want to run away right they want to cash out so take it however you will some people will think this is bearish some people think this is bullish I think there's a sort of middle ground in the boat I think the three billion on exchanges is actually bullish the tether being minted in the background that could potentially be bearish so take it how you will but three billion dollars worth of dry powder ready to pump crypto let me know what you think but I want to just actually refer to a tweet from min Kim over at Ikon and he says two years ago crypto advocates were saying institutional money is coming nope didn't see it but today I'm actually seeing genuine institutional interests recently talked to a few money managers the world is changing be bold be strong Hottel and I actually retweeted this over on my twitter and we've seen lots of people come out recently re Paul Adam Beck coinbase showing that there was not only retail interest but also institutional interest you've seen greyscale Bitcoin and aetherium actually skyrocketing as well as multiple people saying they've been hit up by very savvy investors looking to place million-dollar multi-million dollar investments into Bitcoin and cryptocurrency however currently the price is pushing down so that's it everything's invalidated no not necessarily guys keep in mind we are probably looking to close you know that actually are we closing the seeming futures gap right now hold on oh well obviously we can't yeah 7080 Wow well look at that guys it looks like we're already pushing down to close the gap as we make the video so we'll see what happens as soon as the markets open right you guys will probably know before I do so having a look over here you can see one thing I wanted to point out super quick was I know that a lot of people have mentioned you know all Bitcoin is slow high fees etc we do know that we have things like the Lightning Network well interestingly enough the liquid side chain according to this the liquid net the circulation trend has been steady for 96 Bitcoin on December 2019 and now it's all the way up to 2,000 L BTC in a matter of just four months so this is kind of interesting right so liquid network has maintained a strong uptrend despite all the pull backs that Bitcoin endured over the last month this does not seem to have an impact on El BTC in circulation so I just thought that was kind of an interesting statistic to see that this has been growing despite sort of the sentiment in the market recently okay so we have to talk about this we had D Force a Chinese decentralized finance defy protocol backed by multi coin capital has reportedly been exploited yikes not good news for the defy sector the total value locked in D Force was reduced from around 25 million dollars to almost nothing it went it dumped to ten thousand well it didn't get dumped actually what happened was basically there was an exploit yeah so these guys are a lending solution for lend F me representing an open source money market protocol they were attacked according to a local Chinese outlet the team has already located the problem and advise all users to stop depositing assets in the loan agreement on the webpage on chain data reveals that the attacker has transferred the assets to two other platforms compound and aave eith not too familiar with that but wowsers that is not good I don't know what happened to anybody that had any of that money in there but this is why defy is very very risky and as much as I do like to support these advancements especially with things going on in aetherium you guys know I've been a little bit skeptical recently as far as you know allocating any of my capital to any altcoins until we do have 100% certainty about what's really happening you know sort of globally right now and of course in crypto but man when you see a chart like this that definitely makes you rethink where you're putting your money so yeah guys like I said put your money on cryptocurrency hardware wallet what are you lending out money for and doing all these things see what happens but I am sorry if this did affect anybody watching this video and honestly that really does suck and I am sorry to hear about that okay but on the bright side we do have some bright news according to a recent LinkedIn blog post blockchain technology is the most sought-after skill this year the Post noted that the small supply of professionals who have this skill are in high demand moreover while the virus pandemic continues to impact the US unemployment rate up to 22 million people who have filed for unemployment you do notice that blockchain related jobs have been increasing so hey maybe something to do during the time right maybe take up one of these courses learn how to develop on blockchains so in turn blockchain courses offered at universities are becoming more common as the skill is on the rise 56% of the world's top 50 universities offer at least one course on crypto or blockchain tech that is a 42 percent increase from 2018 and I also think that you know somebody's looking at blockchain tech they're learning how to program you're gonna kind of inevitably look at Bitcoin which is going to inevitably have you look at other cryptocurrencies and then you know maybe it'll just get more people into the space moving forward so that being said that is it for me today thank you so much again for coming back to the channel if you want to enter to win the ledger nano s today is the last day drop a comment below anything makes you eligible if you want to join my free telegram community I do have a link above dropping that below and also if you just want to buy a ledger they do have 27 percent off on their family packs you could check out my tutorial that I do have just you know search crypto zombie ledger tutorial and I do have links below for that as well but having a look at this chart isn't it a beautiful chart that being said thank you so much again for coming the channel you guys rocked you the reason that I do this every single day my name is Kay dub this is crypto zombie until next time stay crypto and of course peace out
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