This Is The Decisive Moment, Either Get Rich Or Get Rekt… Don’t Miss This #BTC

What's up everybody, welcome back to the birthplace of absolutely legendary gains. In this video, we are just going to talk about Bitcoin and where we could potentially find a bottom, because the bottom is not in yet, and well, we have to figure out where that might be. So if you're interested to find out what's going to happen to Bitcoin next, because trust me, the entire market's really feeling the pain right now, And it's for good reason. This dump right here is, you know, I feel like it's even worse than the May 2021 crash. So, you know, if you're feeling— if you're down and you're feeling pain, you know, you're not the only one. Let's just tell you that much. So before we dive right into it, if you haven't already followed me on Twitter at _TheArtOfCrypto yet, this is where I am sharing the latest market updates as well as just any coins that I might be looking at. And, you know, just want to stay up to date and figure out exactly what I'm looking at. Follow me on Twitter at underscore the art of crypto. So Bitcoin, let's take a look. So before this, I said that we were not—we are not at the bottom yet, right? The bottom is not in yet, and there's a couple reasons for that. First of which is we haven't had like any kind of a bounce at all. And just to just to put it into perspective, right? Right here, you can see that there was liquidity up here, and then the market makers just wicked it up during London and you know just dumped it. And right now, New York has opened, but you know they're not really doing anything much. If anything, you know, it's still wicking downwards, so I don't think the bottom is in yet. Um, although if there is one thing that gives me hope that things might be looking good now is if we go back onto the Bitcoin CME futures, you can see that there is a gap here, right? And we filled it already. So this whole time it could just be Bitcoin being attracted to price over here, and now that we have filled in the gap, you know, maybe we can start the reversal now. So going back to Bitcoin/USD, and in my humble opinion, I don't think there is much more, you know, long-side liquidity in order to take out, right? If anything, you have gotten a very large, large amount of buy stops up above this entire drop down. There's been a lot of people who have opened shorts but refuse to take profit because they think that their short that maybe they caught at $69K is going to turn them into a millionaire. And what's going to end up happening is these people are going to hold on to their positions because, you know, they, you know, they're a swing trader, you know, something like that, and they refuse to take profits. And that is the ones that are at $69K. You have people that open shorts here, here, here, here, and everything else. What I am going to bet is that there is a lot of naked positions running right now— positions, short positions that have no stop loss. And let's just say that there is way more liquidity up top compared to down low. So is the bottom in yet? No, but it's very close to being in because there is just not much. Like, in retail terms, we would call it the buyers exhausted or something like that, or sellers are exhausted. Let's call it that way. There is no longer— like, sure, there is some liquidity still left, and we'll discuss that, but at the moment, you know, we're getting close. Let's just put it that way. So in order to figure out, like, where is the bottom, there are only 2 scenarios that could happen. So if you remember in last week's Bitcoin video, I mentioned that there was a UFA at $32,500-ish, right? So if we get there, it's going to be really, really strong support. Do I still think that it's going to be really, really strong support? Yes and no. So for a couple of reasons. So right now, if we take a look at Bitcoin Volatility Index, you can see that this thing is, you know, it's high, but it could go higher, right? Historically speaking, you could still go higher. So in the event that if Bitcoin volatility goes to, let's say, 9 points, then definitely 100% 32 is not going to be the bottom. If that happens, what I am of the opinion of is something like this. So if I just zoom out, so many people would look at this and immediately go like, isn't this like a heads and shoulders pattern forming? And yes, you might be right, it could be a heads and shoulders. So if I just remove this line right here, then this is something that could absolutely happen. And then, you know, you just go to zero. And this sort of lines up with macroeconomic factors as well, because currently macroeconomics in the whole world are not looking pretty good. Let's just put it that way. The stock markets, as well as the traditional markets, are on the brink of collapse. Let's just put it that way. So in the event that Bitcoin volatility does go higher, this is what's going to happen, right? You're going to go wick just a tiny bit below, give or take, give or take, you're going to wick below $29K. That is in my opinion. So you're going to buy, like, you're just going to wait below this, right? Because the markets work on liquidity, and when you have so many equal lows over here that have not been taken out, this is liquidity right here that you can take out as a market maker. So in the event that you go take out the liquidity, then everyone's going to start thinking, oh my God, it's going to zero, right? You just broke this really strong support. So retail is going to immediately be thinking, hey, it's time to short this. Meanwhile, the market makers are very— I'm very certain they are just going to reverse things, right? This is called a liquidity purge and revert. Let's just put it that way. And in my opinion, something like this is going to happen. So there are only 2 scenarios right now. Firstly, Bitcoin volatility does not go higher and we just chill here and we just go tap into $32,500 and that's going to be the bottom. However, I don't think that's very likely because if we are at $32,500, we are so close to $30K, right? So it could— honestly, it's 50/50 at this point, right? I can't tell you exactly what's going to happen, but what I will be doing is I'll just be dollar-cost averaging, right? I've been sitting flat for the most part from this point till this point right here. If there is any time to be buying, it's going to be right now. So I'm just going to place, you know, a few orders at $32,500 as well as $29K in the event that we hit both of these levels. I'll be chill, right? It'll just, you know, wick downwards and then it'll go up. At least that is, in my opinion, what is going to happen, right? I don't think we go much, much lower than that. In the event that we do go lower, you know, I'm going to look at $24K. I might look at $26K, but, you know, currently this is why I think it's going to happen, right? So let's just move this wick down a little bit, something like that. So that is my opinion of what's going to happen to Bitcoin. And if you haven't watched the livestream that I posted, like the latest livestream that I did, it is chock-full of value. I kid you not, it's just full of information that I would only share in the private Discord group. And you know, there's no fluff. I genuinely just try to help you in that stream. So if you haven't watched that stream already, it's an hour and a half of pure value. Trust me, you're going to get— it's very worth it to watch it. I'm going to link it in the top right-hand corner. Make sure you check that out. So since I have time right now, let's take a look at Ethereum, because you know, I really don't give Ethereum the love that it deserves. So let's talk, let's talk about Ethereum, right? Ethereum is a similar structure to Bitcoin whereby you have very equal lows over here, which means that it's liquidity just waiting to be taken out. However, however, there is also another argument to be made that there is like Ethereum is currently in a bullish order block just like Bitcoin. So seriously, for both Ethereum and Bitcoin, they are in do-or-die moments. Now if they fail, it just means that they are going to go take out the liquidity before a mean revert. No, not a mean reversion. You're just going to take out the liquidity before reverting it. So at the moment, you know, I'm just going to pay attention to Ethereum at these levels, which is where it's at right now, $2,200, or rather $2,170, $2,700 to $1,800, give or take, $1,800 to $1,700, right? But let's just call it $1,700 for all intents and purposes, right? If we get there, that's where I will be looking to set my heaviest orders. Because trust me when I say that I know it doesn't seem like it, and I know it doesn't feel like it, but we are very close to the bottom at the moment. A lot of people— I don't know if you guys were around during the May crash, but I remember getting so criticized back then for saying that we are close to the bottom, that we should be buying, that, you know, we are not going to go to zero. I was criticized really heavily for that. And indeed, at the end of it, what I got in return was I 6x'd my portfolio. During the run-up. You know, of course, some losses here and there. I could have made better investing decisions, you know, maybe focusing more on the layer 1s. But regardless, I got a lot of flack back then for saying, for being bullish over here, right? And right now, I am getting a lot of flack as well for being bullish over here. So I don't know, I could be wrong, of course. Like, nobody has like a perfect track record, and that includes me. I am not some, you know, prophet that You know, it's right every single time. I admit that. But if there's one thing that I'm sure of is the fact that the odds that you will be rewarded for buying in this zone right here is going to be higher than the odds of you getting absolutely wrecked and, you know, it going to zero. Because right now fear is so high. Like, I know it's really cliché to talk about fear and greed or stuff like that, but seriously, in every— yeah, go look back. Go look back to every single you know, instance of extreme fear in the markets. It doesn't need to be crypto. Look at stocks, look at forex, or just anything at all. Like, even crypto, it's the best example, right? Whenever fear is at its highest, right? You can look back to 2020 during that dump, right? During that dump, I think it was this one. Yeah, look at this, right? Back then, fear was ridiculous, and look what happened after that. You know, it's just things like that, man. You tend to get rewarded for doing— for counter-trading the herd. Right? When everybody else is being fearful. I know it sounds really cliché, but you have to understand that there's only about 5 to 10% of people in the entirety of the markets that are profitable, right? And that means, if you think about it, as long as you're trading against the other 90% of people who are thinking the same way, you're going to come out on top, right? Right now, the entirety of— you look through Twitter right now, you look through YouTube right now, everything is just about Oh my God, we are going to 20K. We're going back to 10K. We're going back to 5K. And I heard none of those when we were still up here, you know, when we were up here. So what I'm trying to get at is, you know, don't— do you see the issue? When we're down here, everyone's really bearish. When we're up here, everything— everyone thinks we're going to 100K. Do you see the issue? So, you know, how do I even put this, man? You know, market movements take time. They take time to play out. I can tell you roughly where the bottom is going to be, but You know, we might just go into another accumulation range, right? If you look at it, if you look at it, right, if we remove everything, maybe we just go to another chart, for example, uh, Bitcoin/USD, for example. You can see that, you know, if I drew it this way, we are— if I drew it this way, right, take a look at this— we are just in a very macro accumulation range, right? Let me remove this. We're just in a macro accumulation range between these 2 points right here, right? Right now we're coming back to the range low. So makes sense that you might want to buy. And I presume something like this is going to happen again, where you wick. If we do really breach the range lows, it's going to make it seem like the market makers are going to seem like make it seem like it is bearish for like a short amount of time, maybe a couple months. Right? It's going to wick down, you know, keep us in a range, wick down again, and then it's going to revert. In my humble opinion, that is that is the thing that happens, right? After looking through so many like these market maker shenanigans. You know, it's stuff you come to expect looking at a chart like this, right? When in doubt, zoom out. Right now, we're coming back to a macro accumulation range, range low, and there's really no panic. Like, there's really no reason why you should be feeling bearish at the range lows. You know, the ones that have the balls to pull the trigger when things are down here, you know, they tend to get rewarded. You know, let's just put it that way. So, you know, rant over. Just, that's not the time to be panicking, my friend. Just so happens that total two is coming close to support as well, and my opinion, if it does come back to twenty four million, you know that could be a very good place to buy. Just go back into your old coins. You know what I mean? You buy at support, you sell at resistance. Just stuff like that. Right? If you look at total two, my goodness, right? You've lost so much money in crypto. But there's this other interesting statistic. So right now, right? Google search volume for Bitcoin just hit a year low. If you're still interested, historically, right? The remaining folks until retail interests. Bottom out have eventually won this game. It just goes back to what I've been saying, right? This is the point where everyone loses interest. This is the point where everyone gives up and just sells the bag. That's what the market makers want you to do. They don't want you to win because then they'll have to pay you out of their own pockets. They want you to lose so that you can pay them out of your own pockets, right? They're in the business of making money. They're not in the business of helping you make money, right? As long as you understand that, you understand why. There's only about five to ten percent of the people in crypto that makes it, and you know, right now just know it's hard. Trust me, I know it's hard, right? With especially as a content creator such as myself, I got a lot of flak back then, right? Similarly, I'm getting a lot of flak over here as well. So I hope you understand just basic market psychology here at the moment. You know, this pattern is still in play. You will find a potential bottom at twenty eight k in my. If I were you, I would set an order at $28K as well, just to take advantage of something like this. But if we lose $28K, there's a very good chance that we might go back to $24.4K. Not saying it's going to happen, but just something you want to keep an eye out for. Do I think we go back there? Honestly, not really. And I understand I can totally be wrong here, and if I am, then so be it, right? That's why risk— that's where risk management comes into play. You're not supposed to bet your entire house on Bitcoin bouncing from here. Right? You take calculated bets with good risk management that has proven to be profitable over time, right? So even if I'm wrong, you know, hey, so be it. But yeah, just hope you guys understand just basic market psychology here. And again, if you want to join the private Discord group where, you know, you're going to get the latest market updates and stuff like that, follow along with all the trades that I'm calling, and get access to the trading course, then check out the link in the description below. But you know, with that said, make sure you check out the livestream as well, right? There's a lot of tidbits of information in there, just a lot of value, right? Let's just say it's going to help you out. So please go have a look, just watch it for like 15 to 30 minutes and decide if you like it or not. But for now, hopefully this update has been of some help. May the game be with you for now. Trade safe, AOC fam, and peace.