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 we're gonna be
talking about the death cross where are the markets headed I don't see a lot of
people talk about this so I'm gonna cover that because so many of you guys
have been asking before we get started though guys if you guys want to enter a
chance to win the giveaway all you guys have to do I'm gonna leave the
instructions and rules in the comment section but all you guys have to do to
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leave a comment on the video saying something related to the video and then
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that let's jump right into the video though first thing first we saw brick
we'll do this yesterday we're seeing oMG and Vitalik also do this today so they
donated $1,000,000 in crypto to charity now this is again a smart marketing move
in my opinion to kind of push the cryptocurrency name and seeing see it
being used for good things other than what's being other than like the
thoughts people have of it now I'm in a bunch of scams that people think that
cryptocurrency is maybe this is going to give them more positive insight on what
cryptocurrency is so more people will take the time in to research it and
figure out what exactly is going on number two I'm gonna run through the
news very quickly cuz that's not the important part of the video that's not
what you guys are here for but number two is the Bank of England is gonna test
blockchain features for new payment system again more people adopting the
blockchain technology realizing that it's significantly better than what we
have going on right now so the Bank of England is going to test that out and
hopefully again they come out with positive results and it's gonna show the
whole world that they're missing out if they're not currently investing and
looking into these you know this new technology so again a good adoption
point and the last article is BitFenix wants to move to Switzerland I like this
because I personally I personally a big fan of Switzerland I think currently
they're in the British Virgin Islands I think moving to Switzer
is a good idea I think they're going to do better there than the fifth-largest
crypto exchange so wanted to shout that out that looks like a very good idea now
let's go to the markets because today isn't a day for news today is a day for
the markets we dropped under 300 billion dollars in market cap I just hit the
refresh button so let's see what it actually comes out to two hundred and
seventy seven billion bitcoins almonds at forty five point six percent so I get
a Bitcoin holding its value pretty up better than other altcoins
that's why the dominance is going up in the week bitcoins only down fourteen
point three percent a lot of all coins are down a lot more you see the likes of
Neil down 23% at fifty three dollars if theory I'm almost under for a hundred
dollars that's a painful because for some reason I have some etherium that I
should have sold into something else I don't know why I didn't I was a dumb
move on my part I should have sold it for some more neo and stuff like that
because I'm just personally don't want to hold too much aetherium I would
rather hold other things but that's a shame however we have coins like Tron
which we're gonna talk a little bit about today up 33 percent in the week
and eight percent in the day so you guys know again don't be fooled by this
because charlie isn't an exception to the market what's going on is that Tron
has their big releases coming up you know Exodus test net beta all that's
coming out and it's a lot of stuff so they're going to increase in price
they're currently have four point eight cents you guys can see Justin is
tweeting about getting them back in the top ten
currently Tron is number 10 so Tron breaks top ten that's crazy
congratulations to Tron they were at 14th for a while now with all the good
news in the 33 percent increase while everyone else is falling they managed to
climb their way back up so good job a Justin's son and the Tron team
congratulations and the test net this was 11 hours ago so - 2 days 50 hours
now it's like 39 hours life's one and a half days until the test net is launched
I'm very excited for that again we're gonna see prices go up these are points
for those of you who got in early let's go to three months chart those who got
in not early feel those you got in here at the low point of the market overall
then you guys are enjoying some nice Tron profit Tron although
up to four point eight cents and hopefully continue this climb now be
careful if you're a long-term holder you're gonna be fine if you're a
short-term trader be careful holding on for too long
because what might happen is after all that occurs and triangles up and a lot
of people make profit people are gonna look some people are gonna look to sell
and Tron is one of those coins that had such a big run-up over here that it's
possible it's very very possible that it's going or it is going to have a
rough time climbing back up simply because a lot of people are gonna sell
one at their break-even point because they're scared that's it the weekends
that haven't sold you know not week they're not as week of the weekends but
they're little stronger than the weekends they are going to sell when
they break even over here now again this is also a typical pattern though I've
seen with a lot of ICO so what happened was Tron had a big run-up right
they have no product long they don't have any product up they don't have
anything they've had a huge run-up correct it back down and this is the
entry point people usually look to get in before the curve the future when
things start actually happening the developing team starts you know
launching stuff and everything starts falling into play now this doesn't
happen every time of course it has to be the right coin and the good coin but a
lot of ICL's follow this this type of thing when people a set a pattern and
it's called the Jaykar but if follow it likes the high coj curve I saw Ian
ballina actually posted about this today so it's kind of why I want to bring it
up but definitely something to keep an eye out just because this happened once
doesn't mean we can classify it as a pump and dump it's definitely possible
that when everything gets released we start seeing some nice movements and
more movements on Tron and seeing some you know higher prices I'm not saying
that's going to happen I'm not a financial advisor this is not financial
advice I'm just saying it wouldn't be out of the question to say that that is
something that could happen we could go back up and test all-time highs once
everything gets launched if people start using it people start seeing it in the
coming years right and this is years down not tomorrow but anyways the moment
you guys have been waiting for let's talk about the Bitcoin Dec death cross
what is the Bitcoin death cross so I actually got a picture for you guys
right here to make it super simple the bitcoin death cross is when
just the death cross is when the 50-day moving average where you guys can see as
the red line it crosses the 200-day moving average the 200 movie day average
is the green the red is this one right here you guys can see they're getting
very close to crossing now and when they cross um when they cross with a 50
50-day moving average from above crosses down
it's a bearish pattern and that's basically all the death cross is that's
why you've been hearing it sounds a lot worse than it actually is if anything if
history shows if people do their research before you know saying a bunch
of fun the death cross is usually the symbol of nearing the end of a bear
market that's usually what happens and following that obviously once it crosses
price may continue to go down Jim simply because people are scared but
after that usually not too long after price is correct and this happened I
believe the last time Bitcoin had a death cross was in 2015 I want to say
September if I remember correctly and what happened moving on to August is it
doubled its price so definitely something to look into it's something to
stay cautious about something to plan now obviously we can't tell where the
where bitcoins going at any time so the best thing you can do is prepare your
portfolio correctly with what you want for the long term I'm a long-term
investor so I don't like too many short-term trades so plan for the
long-term build your portfolio with the coins you think are valuable and you
think are gonna be here in 2 3 4 5 6 years that is step one and number two is
adapt and kind of play with what you're given right so what happens so whatever
happens in the Bitcoin and cryptocurrency market then you adapt to
that and you play that way because predicting things isn't always going to
work out now you guys can see we actually dipped under the resistance and
the support of the resistance triangle right here that were intersecting here
we actually dipped under that so because of all the news I came out to Twitter
and everything we've actually dipped and it's not great now it depends on where
we end today if we end today here then we very well could be seeing Bitcoin
drop down to $6,000 I'm not saying it's out of the question also with the whole
deathtrap thing that's all people are hearing the name sounds pretty terrible
deathtrap that sounds pretty terrible it's not gonna give people a lot of
confidence in market when they hear word like
deathtrap but now you guys are informed of what death traps are what a death
trap is and kind of what usually tends to follow suit and that's also why I
like to tell you guys I'm personally buying on the way down in pieces like
you guys know I say this all the time I don't take all of my money and chuck
it somewhere I like to buy in pieces especially during the bearish market I
like to just confirm you know maybe it'll go up and I'll buy a little more
expensive next time but I would rather play that risk then putting everything
in at one time and then everything falling and then me having to deal with
that I'd rather buy it in pieces on the way down and then when it goes up and
passes everything that I'm just in pure profit but that's kind of how I like to
play it so this way I bought some big I spot some cryptocurrency here if it
drops I will buy some more cryptocurrency here could taste a job I
will buy some more cryptocurrency here right because I'm not putting all of my
money in at this level so I'm kind of buying it in pieces that's very
important because that way you know you're gonna be safer in your
investments you're gonna invest on the way down dollar cost average then maybe
if I buy some here some here and some here in the same amount then my average
is here so anything past here I'm in profit instead of having to be past here
I'm very simple explaining but that's kind of how I'm doing so guys hopefully
you guys enjoyed this video if you guys did don't forget to leave a thumbs up
hopefully you guys have a little more confidence in everything right now you
understand what's going on you know what the death cross is you know what tends
to follow suit with a death cross so I would recommend not panicking whatsoever
relax positivity in the cryptocurrency markets
it's still so early if you were to stress out over everything we'd all lose
years off of our lives so it's all about being positive be happy have a wonderful
day guys thank you so much for watching I'll see you guys tomorrow for another
video
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