what is going on guys Patrick here bringing you a brand new video today we
got another killer video if you guys full of information we'll be talking
about aetherium and Virg as well as some cryptocurrency technical analysis
showing when I think the Bulls are going to be here at what point will I be
confident that the Bulls are here so we're gonna talk about all that today
before we start though guys if you guys want to enter a chance to win the
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into this if you're asking what browser I'm using I'm using the brave browser a
lot of you guys already downloaded it I'm gonna leave a link down below it's a
hundred percent free but if you use the link it does support the channel and it
has a lot less ads basically no ads and everything runs a lot a lot faster so I
definitely would recommend you guys taking a look at it and letting me know
what you guys think of it in the end so let's jump right into the news I don't
want to talk too much about news articles since we do have so much other
things to talk about but basically um as a summary of the end of q1 and the start
of q2 the cryptocurrency market sees around 50% loss across the board at the
end of the first quarter so a lot of coins
um they mainly talk about ripple here being down a lot more now 78% but coins
like aetherium I think is down like 48 and so on so on yeah
the theory of here is down 48 percent and this is from January first price not
from the all-time high some January first price they're
comparing ripple to the two dollars and 30 cents it was January first and not
the three dollars in something otherwise that the decrease would be so much more
than 78 percent ripple is seen a beating and I'm gonna talk about that more
probably in tomorrow's video I don't want to put too many things in one video
so probably gonna talk more about that in tomorrow's video now let's take a
look at the overall cryptocurrency markets I'm gonna give this page a
refresh did you guys see how fast this loaded yeah that's because of the brows
that's what I want to show you guys a load so much faster
for those of you guys who are new usually we have to wait a good 5 10
seconds for this to load Bitcoin dominance is at forty five point two
percent market cap is that two hundred and seventy six billion so we're seeing
a little bit of an increase right let's just look across the board a lot of
things still in the red for the week except for average which we're gonna be
talking about here in just a bit steam is actually doing pretty good on
the weak but overall everything basically is green in the last 24 hours
the week again like I said it was a pretty rough one we're starting to see
some recovery which we're gonna look at in a technical analysis again but things
today can't complain right I posted in the
Facebook group to which I'll leave a link to down below if you guys want to
join its again a free Facebook group for cryptocurrency and I posted in there and
also if we add another green day today back-to-back not something we see all
the time especially not recently and back-to-back pretty decent days were up
five plus percent on Bitcoin so I don't know if it's gonna last till the end of
the day it's still very early by the time you guys see this video even I
don't know what the market situation is gonna be like it things change so fast
it only takes one news article to kind of mess this up but I want to talk about
verge simply because of the huge increase in price that it's had its seen
again some of the biggest gains is currently ranked 21st on coin market cap
with a little under a billion dollar market cap but you guys see I had a huge
run-up in the last just a few days from April 2nd today by April 3rd so right
there I say April 3rd today is April 3rd yes so from April 2nd
to April 30 had a huge run of it's up 39% basically and that's because of a
new partnership announcement now this partnership announcement was a little
weird the way they did it it's they initially needed to raise money and they
mentioned that this was because of the partnership so they wanted to raise
money because of the partnership to prove to the part to the potential
partners that they the impact that they have in the community that they have so
they needed to race around about 3 million dollars which is 75 million xvg
and then there was a few issues with that because then they delayed the
announcement of who the partner was when they
you know who the partner was they it was very iffy so again the price shot up
because of all the news but the price is looking like it's
correcting due to all the you know uncertainty that's coming and verge is
not shy at this type of uncertainty we've seen it happen so much they've
delayed so many things they've just haven't kept up with their roadmap very
well and they haven't been able to keep up with what they've been promising
which is I think what's holding this currency of this what's holding verge
back so much is the fact that they're the true the community continuously
keeps losing trust in them because they don't manage to deliver on what they're
promising and that's a big issue when it comes to cryptocurrency now cerium is
the second biggest cryptocurrency you guys know it's ranked number two it's at
thirty-nine almost forty billion dollar market cap so you're probably wondering
Patrick why are you talking about this now I'm usually we talk about you know
lower value to all coins but the reason I want to talk to you about is about
this and I'm going to kind of find the perfect place in the chart is that I
think aetherium hit a point where I don't see it going much further below
this line so again if we do enter a bull run I think aetherium could be one of
those crypto currencies that does do very nicely I think Bitcoin will do very
nicely in a bull run I think aetherium will do very nicely in a bull run I
think Neal will do very nicely in a bull run I think all of these established
points are safer right they're safer investments they might not do the two
hundred of the two hundred percent or the three hundred percent of four
hundred percent in a single day but they will be more guaranteed gains if them if
the market is bullish you will see guaranteed gains with these crypto
currencies with like the likes of a theory and Bitcoin neo and stuff like
that I don't you're not gonna see aetherium
or Bitcoin falling when the market is going up basis that's kind of what I'm
trying to say and again I think this might be one of the lowest periods so if
any of you guys were waiting to jump into some a theory I met these low
prices of $400 when the all-time high was almost 1,400 wouldn't be a bad time
to hop in and pick up some aetherium right now now don't forget guys I'm not
a financial adviser and this is not financial advice this is just my opinion
on the cryptocurrency markets make sure to do your
research before you guys put your money in anything I'm just running through all
all of my thought my thought process and what I think of each cryptocurrency so
again Syrians had its share of bad news as
well which just caused again a massive sell-off and a huge decrease in price
but I think Duda with the team they have and that's why it's important to have an
all-star team if theorem has an all-star team right if
they're iums founders are very very very big and very famous and very credible in
the cryptocurrency space so when you have people like that you can say okay
they had some issues but they're going to fix it they're going to fix it work
confident they're going to fix it and we're confident they're gonna remain as
the second-ranked for at least the coming period of time now do I am I
personally bullish on neo passing etherium 100% I think neo being backed
by China is huge and I think it's going to help them you know pass aetherium
neo being the Chinese aetherium I think the Chinese are going to back Chinese
aetherium and China being China I think we can definitely see Neil overtake the
area but that's not happening right now for now speaking solely on aetherium I
think aetherium is a pretty decent buy price right now given the current
situation given the price job given the price it's at right now I think I think
it's pretty solid now the last piece we're gonna talk about obviously the
technical analysis you guys know we do this every video and I'm not gonna say
we're in a bullish trend yet and I'm gonna tell you guys why so this is the
20-day moving average right here we have that actually opened up in the previous
video now I will be comfortable saying we're looking bullish again not that
we're entering a bull run but I'm more comfortable to say that we are looking
bullish and say that if you're in for a short long term positions kind of makes
sense if you want to make some money get in and get out my long-term positions
mean get in and hold but if you're looking to get in get out I would
definitely wait to cross the 20-day moving average to see some gains and
then hopefully come up and test this resistance point right here at the
12,000 now so this price will roughly be around seven thousand eight hundred
dollars I think seven thousand eight hundred dollars is key for Bitcoin to
break in order again to see some nice gain so if you're looking for that
short short slash long sigh don't know how long it's gonna take for it to get
to 12,000 but if you're looking for that type investment where you buy in and you
cash out then I would definitely wait to move above the 20-day moving average for
us to you know see able see some nice gains otherwise right now you might get
in and we might turn back tomorrow and have a red day it's very possible but
one thing I want to say we actually pointed this out to two days ago when we
were on this candlestick is if we ended in the green with the with a very long
wick we this would be considered a potential reversal right it's kind of a
reversal something we look for in a reversal and although we didn't end in
the green this was a very very long a very long wick and the next day ended in
the green so definitely a little bit of a potential thing that you should we
should have kept our eyes out should I kept their eyes on while this was
happening and be like alright so I I know I personally was waiting to see
what that would happen and when it closed like this I was pretty confident
that the next day was going to be a green day now that I think we were gonna
green and then green upwards no because there was a lot of uncertainty in the
market and there currently is everything's kind of in the air right
now a lot of different things could happen at this moment that's why I'm
personally just taking this opportunity to just buy every time I can people keep
asking me when's the right time to buy I when you ask me know that I probably
bought some on that day and that's just kind of what I'm doing to dollar-cost
average if it goes down I will keep buying if it goes up I'll keep buying
because I'm looking at the at the long-term game I'm looking at reaching
this point again right and if you're a believer in Bitcoin and cryptocurrency
this should be your goal to this this is the resistance we're looking at breaking
right sure there's some smaller resistance along the way but I want to
break this resistance this is the resistance I'm looking for so when I'm
investing here I'm looking at this price as like as a price and I'm comfortable
that right and I might be taking some profits now again I'm not selling
everything at this price don't get me wrong but this would be where I'm
looking to maybe secure some profits if I need to so that's kind of how I'm
treating the markets right now again things are very uncertain but I would
definitely open up the 20 day moving average in your technical and now
Charts and keep an eye on that and see how close we get to it and if we can
break past and now again breaking past it does not mean having you know one day
or like one bit of the candle above the the line it means finishing above the
line and then the next day going higher again and finishing above the line that
would signify that we broke the 20-day moving average so something to keep in
mind because I know a lot of people get confused about this sometimes but guys
hopefully you guys enjoyed this video little bit of updates on verge and
aetherium as well as some awesome technical analysis things are looking
better I'm not gonna say good but they're looking better and that's
honestly all we can ask for take things day by day let me know what coins you
guys are investing in down below also let me know what you guys think of the
brave browser if you guys are using it I know a lot of you guys are let me know
what you guys think it is so far I'm honestly loving how fast everything's
working so very very pleased with that and as always guys if you did enjoy the
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