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Crypto Market Update - #bitcoin about to breakout? - Exchange tokens BNB and HT Review - Algo & CHZ



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Welcome back! In this episode we discussed Bitcoin price today and its relation with the value of the dollar. Bitcoin does appear to be following a falling wedge and the DXY appears to be forming a rising wedge. That is bery bullish for Bitcoin, and very bearish for DXY. Note towards the end I discuss the 3rd leg upwards before a crash. The timeline is looking very tight, however the indications of a run upwards continue to escalate. Unless the first time in history retail bears are right, I full expect a short squeeze. And many people are forgetting that Bitcoin rose more than $24,000 in just a little over a month. So even if the timeline is slightly off, my conviction in the 3rd bullish bitcoin leg is still very high.

-- Chapters --
0:00 - Thank you for stopping by!
0:33 - #bitcoin price today and #dxy review
3:05 - Binance Coin and Huobi Token #huobi price review
5:45 - North Korea is funding Nuclear programs with #crypto
8:28 - #algorand and #chilizcoin review
11:35 - Portugal taxing crypto...thats good!
13:27 - Wenmeltup discussion
19:21 - Have a great day!

We discussed Binance coin and Huobi token. And Huobi has been going up due to the acquiring of Huobi. This is very bullish. However looking SHORT TERM at the charts, Huobi is likely needing to cool off, where as BNB appears it is ready for a reversal soon.

We make attempts to predict short term price movements. However I want to reiterate, my mindset the last few months has been strictly spot buy and hold. High leverage traders continue to get rekt in the markets, where as the spot buyers have had multiple opportunities for profit the last 3 months.

Chiliz has had fantastic price action. But dont let mainstream articles or influencers convince you that its going to go up forever. There are several signs of weakness in the CHZ crypto.

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This video is for entertainment purposes only and is not financial advice.
Category
Cryptocurrencies
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