what is going on guys Patrick here bringing you a brand new video today we
got another killer video for you guys full of information I'm going to be
talking about Bitcoin breaking under six thousand dollars
Tron possibly being in trouble we have ripple news we have blockchain adoption
news we have so much news today guys before we get started with that if you
want to enter a chance to win some free Bitcoin alright guys have to do is
number one be subscribe to the channel and have your notifications turn on
number two give this video a thumbs up and number three leave a comment down
below saying something related to the video you guys think as many comments as
you'd like and I'll do my best to answer every single one now guys the first
piece of news I have for you guys is something you already know so Bitcoin
broke under six thousand dollars by the time I'm recording this video it
is at five thousand eight hundred eighty seven getting very very close to the
main support line at 5,800 rounded off five thousand eight hundred dollars
things are not looking good but on the other side it is possible that we do
bounce off the support very uncertain to which direction things are going right
now if we do balance out we are gonna stay in the descending triangle but if
we don't which is a bearish it's a bearish indicator anyways but if we
don't we break below that then we could be going down to the $4,800 level and
then even to the $3,300 level as you guys see right here from some technical
analysis that was done and I'm just quoting their points but their support
resistance are correct so that is that so if Bitcoin breaks below the five
thousand seven hundred dollar mark roughly five thousand eight hundred I
think is the main support but still then the next support will be four thousand
eight hundred dollars a break below the four thousand eight hundred dollars will
be difficult but if it does then we will see Bitcoin at the next resistant mark
of three thousand three hundred dollars it is highly impossible for Bitcoin to
break below four thousand eight hundred though with the current volumes and
sentiments so we are getting good news and the market obviously recent there
has been a few good news and a few pieces of bad news as well but
previously there was a ton of good news and things continued to fall so it
wouldn't be surprising if we do go to the $4,800 level maybe even the $3,300
level the thing to keep in mind is if you guys only invest in money that you
are willing to lose then this should not come as a problem this only
means you might have to hold on for a little bit more time if you've been
dollar-cost averaging then it's fine I've seen comments talk about oh how
come people how come you tubers how come everyone basically says bye on the way
down you could have bought you know let's say Bitcoin at ten thousand eight
thousand five thousand stuff like that why would you do that because it's
impossible to time the bottom so dollar cost averaging sort of makes sure that
you're still in it you're still growing your portfolio you're still growing your
holdings but you're also doing it and bringing the value of it down so that
when it does reverse you make a ton of profit but if you just wait to try in
time the very very bottom that is very risky as we never know when that's going
to happen moving on though CNBC actually came out and said finally something good
I don't go to CNBC for my cryptocurrency news I would not recommend doing that I
think there's a lot better people you can listen to both on YouTube or just on
some news sources but just not CNBC don't think it's a great place but they
said that this is not by no means the funeral for Bitcoin so finally I like
what they are saying the current bear trend by no means funeral for Bitcoin if
you guys truly believe in what bitcoin is or just the blocking technology what
cryptocurrency is trying to do there's a ton of use cases for the blockchain one
of the best ones right now is the monetary system that you know
that is Bitcoin and stuff like that that's why a lot of people are still
very bullish on Bitcoin even though it is the biggest cryptocurrency it's been
around for the longest time it is the highest mark a lot of people say oh we
should be looking at smaller projects that are newer well Bitcoin still has
its place in my opinion I still think it's gonna stay at number one for quite
some time but again only a time will tell this is by no means the funeral of
it though because the technology hasn't changed the use case hasn't changed it's
just as good if not better than it was in December when you guys remember when
and we had a ton of people coming in Bitcoin wasn't ready for that it was
sort of a bubble what happened was the price was way higher than it should be
at that time Bitcoin wasn't ready for transactions took forever you know it
took hours and hours maybe even days for you to see your transaction fees were
really really high and that is starting to get fixed so currently bitcoin is
better than it was then then it managed to get up to $20,000 but
now we're getting all the weekends out of the market I think cycles are a
normal thing in any market obviously cryptocurrency is very volatile so even
though it can go from yeah I don't remember i start at 2017 but it went all
the way up to $20,000 for Bitcoin in 2017 then similarly we can have that
type of correction so or that type of crash as well before it reverses and has
another pump so these things work in cycles keep that in mind next up is an
article from the etherium co-founder he says the cryptocurrency market is going
to look rosy soon so they said what's often missed by crypto occur by the
cryptocurrency is going to die broken record media is that after the next wave
of regulation Wall Street is showing up to the party with all their locked up
capital that's tens of trillions of dollars entering the space eventually
the future is bright and this is why I don't want to sell guys I see people all
the time post about you know this is like all the way back years and years
back people who bought Bitcoin at 3 cents and sold at 30 and then now
they're standing there like I wish I hadn't sold because there's still so
much more to come I don't want to sell right now now obviously I'm not a
financial adviser I'm not telling you guys how you should deal with your money
but the way I'm looking at it is I've put aside money that I'm willing to lose
that is the money I have invested in the cryptocurrency market I'm going to hold
that there because I still think there's more to come with it being fight you
know in in institutional investors Wall Street coming up with their money more
adoption taking place all of that I still see a lot more opportunity coming
in the market so I'm going to leave my money there if you guys need some proof
look at everyone that it's using the blockchain technology now this isn't
directly correlated with cryptocurrency they're not using any particular
cryptocurrency but this is showing all the use cases for the blockchain like I
mentioned one of the biggest ones is the monetary system these these are just
companies using other using the blockchain for other means I think
regulations still have to come before we see more monetary use of crypto
currencies or more crypto currencies used for monetary systems but look at
this Walmart to use blockchain for medical records right Bank of England to
update the settlement system to work with
blockchain EUI launches blockchain content rights to a rights platform in
partnership with Microsoft blockchain base art registries can give artists
unprecedented control Stanford University computer scientists at
university computer scientists launched a blockchain Research Center so there's
so much stuff going on around the box chain and this is only once that came
out in the last like 48 hours of news there's so many before so many talking
about so many different adoption so so much so many different adoption
possibilities and news that have come out but guys let's look at the market I
know it's not pretty we won't stay on this page for too long I promise 239
billion dollars in market cap bitcoins almonds all the way up to 42.2%
obviously when BIC when the market is falling Bitcoin usually holds its value
better by no means is that holding its value very well it's still falling as
well but not as much and we as we see other cryptocurrencies fall which is why
the dominance continues to go up iOS is taking a massive hit because the worst
time for it has to have its issues who the main at launch and everything is
when the market is crashing because look at that it's down twelve point eight
eight percent down a ton in the last week as well neo down ten percent almost
at its thirty point oh one guys do you see that it's thirty point zero one if i
refresh this what's gonna happen I was in twenty nine sixty six already meal
under thirty dollars an insane price for neo if you're bullish on it definitely a
good opportunity and one cryptocurrency it's been climbing the ladders and I
thought I saw Doug Pope video on this which I thought was hilarious one
cryptocurrency that has been climbing the ladders tether tether is now in the
top 10 again tether is now in the top ten it was actually number nine but you
guys can tell Tron just passed it by a tiny margins like a six million dollar
different a six million dollar difference as tiny is they're gonna
switch like every time we refresh this we might see something different but
still trying ot each other was at number nine now is number ten climbing its way
back up into the top ten obviously tether hold its value at one dollar
pretty well so yeah either way ripple some news for ripple not great news
apparently Brad Garlin house who is the ripples
c-e-o remember ripple offered 100 million dollars in XRP to tow a to coin
base for them to list it well that wasn't enough they are now begging
coinbase to list X RP and this is for several
reasons one of them obviously getting listed on coin base is huge with how
little cryptocurrencies are on there and how many people have accounts on there
that opens up a lot of possibility for a lot more people to invest in ripple
ripple trying to climb its way currently set at number 3 obviously wants to make
its way to number 2 and then to number 1 so coin base would be a great addition
to them given that ripple so cheap it also plays into the psychological aspect
for new investors and instead of buying one Bitcoin at $5,800 maybe buy one 1xrp
at 45 cents you can get a lot more x RP for the same amount of money than you
would get Bitcoin out obviously if you guys are here you know it's more about
market cap than price but still if you're a beginner the cycle the
psychological aspect is there so not a good look for ripple I think it's time
to stop kind of trying to force the coin base issue I think let things happen it
does look a little bit desperate like this article claims it does look a
little bit desperate when ripple starts to beg and offer a
hundred million dollars in X RP and for coinbase not to accept that one shows
how much money coinbase has they don't need the hundred million dollars but to
just looks at it just shows how desperate they are to get on there
moving on tron also having not too great news is down 9.6 4% if i refresh this it
should be eight point seven three so it did a little better but a research firm
claim that tron plagiarized its code from other cryptocurrency projects now
the main issue is they didn't actually cite it they didn't they didn't claim
that so it does look bad on tron it's not I guess not nice to do that it's not
it's not proper it's not common courtesy to do that let's say that I don't know
what the exact word in English for it is but it's just not nice to do that that's
usually not what you do steal people's code not usually how people go about
doing things so a lot of people getting on Tron's cases we have had the white
paper issue before I'm sure you guys remember now this came out as well on
one hand I don't think there's too big of an issue if the code works for you to
have taken parts of it from other places obviously it would be nice if you could
develop your own code so there are like I am kinda iffy on how big of an issue
this is the main issue is they plagiarized it they didn't actually
mention this they took it and played it off as their own and it's looking like
that might not be the case but guys I'm gonna keep you guys updated in this this
is just the beginning I'm sure Sean's in the news all the time if there's
anything bad that people are gonna say about it I'm sure we will see it's all
keep you guys updated on the actual article on what the researchers come out
with and all that good stuff good news for Tron though is with a migration
coming up there's a ton of new exchanges that have offered support for it one
being hip et Cie we have we have token AMA a token token ohmy I already even
use this exchange I don't know what it is but it will support Tron blockchain
upgrade and token migration our Phoenix will also support Tron blockchain or
yeah Tron blockchain upgrade and token migration so a lot of good news a lot of
Tron holders have a lot of places where they could put their Tron for the
migration I've put out previous videos showing the list of all the
cryptocurrency exchanges that are accepting this you do a quick google on
it you'll see all the ones accepting the Tron migration so to keep it easy to in
order to get your tokens exchanged make sure you're following those steps lastly
though looking at the Bitcoin technical analysis for now it does look like we
are still in this section we are still in the descending triangle we haven't
fully broken under that it shows that we try to as you guys can see the long wick
right here we tried to break below it but it's looking like we're having a
little bit of a bounce keep in mind a few things though one is this is a
fairly strong support now you can move this from here to here it's the $5,800
between six thousand five to five thousand eight hundred dollars support
looking like it's trying to hold it is a relatively strong support so if we break
below that like I said we could see the $4,800 support and then possibly even
$3,300 support although that is seeming less likely especially with the RSI
levels currently the RSI is at 31 or a little bit under 31 every other time we
have hit the low on the RSI we've had a little bit of a run up
so a possibility for a short-term trade if you guys are keeping an eye on this
if it does break below maybe get in and get out just trading from here to here
was already like a $700 trade so as small as it looks if you got it at the
bottom and sold at the top obviously hard to calculate but that's a $700
profit right there so definitely a lot of opportunities still in cryptocurrency
and I'm working on coming up with some more show with some more trading for you
guys cuz I know a lot of you guys want more trading information trade alerts to
trade signals where you can make money even in a bearish market so guys make
sure you stay tuned to the channel for that thank you so much for watching I
hope you guys enjoyed the video if you guys did don't forget leave a like and
leave a comment down below in order to enter a chance to win some free Bitcoin
and make sure you are subscribed and you have your notifications turn on so you
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