what is going on guys Patrick here bringing you a brand new video today
we're gonna be talking about the crypto currency markets are dipping again we're
gonna take a closer look at Bitcoin when I think Bitcoin is going to turn around
and start rising that's gonna cause the whole market to rise because everything
pretty much follows Bitcoin at this point since it is by far the biggest
cryptocurrency at the moment but before we get started guys a few things if you
are new to the channel and you have not subscribed yet make sure to smash that
subscribe button we are almost at 9000 subscribers that is absolutely insane I
never thought we would get here and we would love to have all of you guys as
part of the team so if you have not subscribed make sure to do so right now
also guys the Facebook group is going to be launched tomorrow I wanted to get it
done for today but I want to make sure that we also have a great group ready
for you guys full of value for you guys and I didn't think it was quite there
yet so that's why I'm not launching it today
we are going to launch it tomorrow in tomorrow's videos so make sure again you
have notifications turned on you guys are gonna be one of the first people in
the group now without further ado let's go into the markets and talk a little
bit about what's going on before we start talking about the markets itself
though I want to show you guys this absolutely sad but you know it's
something we're gonna have to start getting used to so in the UK a crypto
currency trader was robbed at gunpoint and the amount stolen was unknown so I
heard about this people were now you know robbers thieves we're now targeting
cryptocurrency investors or people who they knew invested in cryptocurrency I
don't know how you know someone invested cryptocurrency but you know they were
targeting them because since so much money has been made in cryptocurrency
they assume those guys have a lot of money so that's who they go after and
also I guess is significantly easier to steal someone's cryptocurrency than
money a lot harder to trace a lot a lot harder to you know but still it's sad
the world we live in everywhere there's you know people making money there's
going to be bad people trying to take your money hasn't changed it has been
the way the world works forever I'm not saying it's good but yeah it's said it's
very sad but anyways with enough with bad news there let's talk about bad news
and the cryptocurrency market currently at five hundred and thirty billion
dollars we were so close to him this hundred billion dollar mark I guess
that's gonna be our resistance point right now drop all the way back down to
where we were roughly three days ago I believe today is the 30th of January
roughly around the 26th we were pretty close to this point right here you guys
can see we were pretty close the point we are at right now in Bitcoin price and
in overall market cap this is something that you know if you guys know
investments if you guys have invested in the stock market you guys are early
cryptocurrency investors you guys know that December was a great period you
know it was a great increase but not all not every time are we going to be
looking at those type of numbers definitely definitely
was needed a correction not just to weed out the weak hands but also to you know
stabilize the market the markets were very unstable there was no support lines
anywhere that you could draw in the market for quite some time so when it
dropped when it corrected it did correct pretty hard and it dropped pretty hard
now we're seeing some sideways movement here
like I said seismic movements is always good yeah we were roughly at the 500 you
know 512 billion dollar market cap roughly about 26 that is three or four
days ago still early in the 30s so I guess it's like three three to four days
we were back here so this is considered the sideways movement we're seeing some
yeah we're seeing some side with sideways and movement man that's hard to
say we're seeing some sideways movement which usually means we are going to see
either a turn upwards or another turn downwards hopefully we're gonna see the
upward market you know I would love to see the market turn back turn bullish
again definitely definitely something I'm looking for something I think
February can bring I have a video out if you guys haven't checked let me actually
show you guys which video it is you guys can go check where I talk about why I
think the cryptocurrencies markets falling right now I've noticed a few
youtubers have actually made very similar videos not saying that they are
copying just saying that you know then the theory stands now let's see if we
can find it saving if I did this video right here markets crashing when I'm
buying I talk about why the markets are crashing why I think the markets
crashing what I'm what I'm buying at this stage basically if you guys want
the summary I'm buying every coin that I like because days like this or we see
everything down are the perfect time to get into all of your favorite coins um
there's no especially if you think they're a good product I'm not gonna say
every coin is gonna go up because they're gonna there's gonna be some
coins that are bad and they aren't gonna go up plain it's simple but you see card
on no down 10% I'm a fan of card ah no I would definitely pick up some card on oh
right now you know bitcoin is down 7.5% I
definitely would pick up some Bitcoin I don't think that's going anywhere just
about yet I know Bitcoin does have a lot of fees in this transaction aren't the
fastest but you have to understand that bitcoin is by far the biggest
cryptocurrency right now it's by far the most known cryptocurrency right now it
is not getting dethroned anytime soon maybe it is the myspace of the you know
blockchain where eventually it's gonna be overturned it probably is but that's
gonna have to happen down the line because right now this is the name
everyone knows and most all coins are traded against Bitcoin and I know you
have the option on bonanza trade against aetherium or litecoin but most beginners
will trade against Bitcoin which really just makes you know the value of Bitcoin
hold better so for now we're not saying that be dethroned I've seen in the
comments a lot I know what you guys are saying I understand
I agree Bitcoin does have a lot of flaws but it is the og right now it it's not
going away anytime soon for those of you guys who are saying long term I commend
you on your long term thinking but you know short term bitcoins here and
bitcoin is gonna be the one yeah at least till the end of 2018 this is one
that's down 25% rate blocks elem I've recently started looking at the project
I recently you know realize I I like the project I realize I've recently started
to like the project I guess I researched it I've started to like it 25 percent
haven't made a video on it yet maybe I'll do that soon if you guys want me to
make one because you guys are interested in rating blocks leave a comment down
below let me know what you guys want to see that it's the best way I know to
make videos if is if you guys tell me you want me to make certain
certain topics and if I see that comment enough you know that enough interest is
there not just one person enough interest is there then I will definitely
look into making that video against steam down 14% steams are pretty
interesting coin pretty cool coin finest coins down for eight and a half percent
I was hoping yesterday was going to start our bullish run we're gonna start
having an upward trend in the market that didn't happen though you guys can
see everything's crashed but as an investor you have to look at this as a
buying opportunity then buy all the dips you know sell when everyone else is
buying buy when everyone else is selling so people are selling now is the time
I'm looking to buy I've done plenty of videos on what my favorite coins are
none of its ever financial advice this is a financial advice guys don't forget
this is a financial advice I have to say that because you know some people are
gonna turn around and blame me later when the market doesn't rise forever but
still none of this financial advice the other videos aren't either but I have
made other videos talking about which coins I'm investing in which coins I'm
picking up if you guys want to pick up any coins though any of these all coins
would make sure to head on over to buy Nance I have a link in the description
you guys can go pick up all these all coins that's the exchange I use by far
my favorite exchange I have some big ideas coming up with a bi Nance on this
channel so you guys want to make sure you at least have an account setup
because they sometimes do block new users when the markets start going
bullish again and everyone's gonna start getting into cryptocurrency they're
probably gonna block new accounts simply because they can't handle the amount of
accounts that are gonna try to be open all at one time so yeah if you guys
aren't stood in Bitcoin as well I use over here I'm using the Bitcoin to u.s.
dollar on coin base value just because coin base is by far the easiest and most
beginner friendly way to buy a Bitcoin so if you guys are interested in that
I'll leave a link to that in the description as well you guys can head on
over and buy some Bitcoin if you are interested in it but let's look let's
look at the overall chart I want to do a more interactive chart because I can
actually draw lines and you guys kind of see the way I'm thinking so first I see
a resistance right here is a downward trend line we're gonna have to break
this trend line if we're going to some want to see it go into a bullish run
currently a little bit far away but we're probably gonna test it
and pretty soon here in the next coming days I do have the one date candlesticks
what I'm looking at right now though this right here is a support line that
we've recently set up right here we've set up a support line at around the
eleven thousand dollar mark we see today has dipped but it's important to see how
the day ends not during the day it's not that big a deal right now I'm looking
more towards the end of the day what are the markets gonna look like what I think
what I'm hoping to see markets look like I just want to see a recovery from this
I'm not saying we're gonna be green none of that I'm saying we're gonna have
recovered and we're not gonna be down as much as we are right now so I'm hoping
the beginning of the day was the dip we're gonna bounce off and the rest of
the day is going to be relatively better so that's what I'm looking at if we can
end at roughly the $11,000 mark or maybe a little higher that would be great if
we can't though and we do dip below the support we're looking at another support
right here and around nine thousand seven hundred eighty dollars I'm gonna
make it easy and say roughly nine thousand nine hundred dollars it is just
a rough supply a support line we're looking at some form right here and if
we do break that we're looking at 8,000 and after that possibly six thousand so
definitely don't want to see us break below this line I don't want to see
Bitcoin at eight thousand and I want to see it at six thousand even unless I
know it provides a great buying opportunity but that is a huge dip not
something that I want to see happen to Bitcoin I love big point I don't want to
see that type of dip you know hurt its reputation so much but yeah this is
support line I'm mainly looking at these two right here and then obviously when
we turn around and we start moving upwards I want to see us break this
trend line what's gonna have to happen though February it has to be a big year
big month for cryptocurrency you know it usually is a big month in general um in
previous cryptocurrency years we've seen but also in other aspects you know if
you guys sell on Amazon I don't know if any of you guys do but that's how I
started off making money was selling on Amazon and January is usually the worst
month after Christmas stocks same thing of December's usually pretty good
towards the anti starts January's never really a great month but
hopefully February starts providing you know starts bringing in more people we
can start turning around the overall market start seeing as he hit six
hundred billion then let's maybe move up to seven hundred billion and start
working our way up into a bullish market that's obviously going to going to get
more people into cryptocurrency and usually bitcoins where people go first
so the value of Bitcoin would increase I'm looking though I'm not saying it's
gonna happen the beginning of February I'm thinking the mid to end mid to end
that's where I want to see us start moving upwards gear like a solid upward
movement I think it'll start a little earlier gonna start seeing price slowly
increase but towards the end I think is when we are going to see the most you
know the biggest increase in price so if you guys do have cryptocurrency don't
forget none of what I say is financial advice ever
I don't ever tell you guys what to do I make a point of not telling you guys
what to do I just share on this channel what I'm doing what I think and what you
know what's working for me so far none of its ever guaranteed I just want to
make that clear so I see a lot of cryptocurrency youtubers sometimes get
hey sim just because they gave their opinion and then their opinion was wrong
obviously I can't tell you guys if I'm right or wrong I wish I could if I could
tell you guys always happening in the future I honestly would that would make
you know I would probably be at a million subscribers right if I can tell
the future but I can't I'm telling you guys know I'm looking mid to end
February to see the price you know start actually entering a bullish market early
February hopefully will start picking up some traction cuz right now markets have
you know the wheat like I said there's a downward trend there's a downward trend
line right here which is our resistance for Bitcoin which means overall market
itself is it you know the graph isn't too far different from Bitcoin when
Bitcoin goes up markets go up Bitcoin goes down market goes down you guys know
how it is but like I was saying so we're at the one-day candlesticks or each
candlestick right here represents one day we've had a week basically of
sideways movement nothing to cry me I know we went up a little big here went
up to almost the 13,000 mark and then our we're back that I know that's you
know not the smallest of moves but overall
the market has been moving pretty sideways so I'm looking to see us start
you know picking a direction and start heading that way we could move upwards
or we could move downwards like I was saying before but bitcoins gonna be the
first the biggest indicator because the markets move with them with Bitcoin so
again and the mid to end febri I'm looking at see things pick up if you
guys are holding if I if I'm saying guys what I'm doing I'm not selling any of my
cryptocurrency none of them - now my game plan right now is to pick up as
much cryptocurrency as I can at these prices and then when the market starts
you know when we start seeing a bullish market again all of it is gonna go up in
value I do you know sometimes mess around with short-term trades here and
there I haven't really shown that too much on channel maybe I'll start doing a
series on that but overall I'm just trying to pick up some of the bigger
coins and just hold them to watch the value increase and the other thing is
that these this is the perfect moment to show why I like to invest in platforms
like hash flare and Genesis mining you guys know most of my mining is on
Genesis mining but they ran out of contracts this is why I choose to invest
in places like this because I make at least 100 dollars every single day from
Bitcoin mining then with evaluation of Bitcoin goes up - this is gonna be worth
significantly more so it's one thing to keep in mind I'm not telling you guys
you guys have to invest do not take this as you have to invest I'm just saying if
you guys are interested and you guys want to check it out I have a link to
hash flow in the description you guys don't have to use my link but it helps
out the channel support the channel if you guys do I like it though you guys
can see I have ten point six eight air hash cost me like two thousand two
thousand five hundred dollars and then I have another like eight thousand dollars
invested in and genesis mining making me a little bit over a hundred dollars
every single day at the bitcoin price right now so when the price increases
we're gonna be looking at making hopefully closer to like two hundred
dollars every single day which would be pretty pretty sweet but yeah guys if you
guys did enjoy this video don't forget smash that thumbs up and subscribe to
channel if you guys are new and you have not subscribed yet we're all set 9000
subscribers probably going to hate it while while I'm in class probably be
super while I'm in class but yeah guys let me
know in the comments what you guys think when we're gonna see the markets go on
what coins you're holding when do you think what price do you think bitcoin is
going to reach to by the end of February that probably be an interesting game
what price do you guys think bitcoin is gonna reach by the end of February you
know a lot of things can happen it's a whole month it's 30 days guys look at
what happened this is the one day chart look at what happened right here the
price increase so who knows maybe bigger one Bitcoin will be fifty thousand
dollars by the end of February that'd be insane but yeah let me know in the
comments what you guys think guys thank you so much for watching also hopefully
we gonna have more news there really wasn't a lot of news today I decided to
talk about the overall market there was no crazy news that came out but yeah
guys again thanks so much for watching I'll see you guys tomorrow for another
video
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