➡️ Use Code DC10 to get 10% off Arculus Wallet –
➡️ Houdini Swap – The Best Way To Swap Coins –
➡️Join this channel to get access to perks:
https://www.youtube.com/channel/UCjemQfjaXAzA-95RKoy9n_g/join
➡️Come trade with us on Blofin, where whales are made:
https://partner.blofin.com/d/DiscoverCrypto
📲 Follow the OFFICIAL Discover Crypto Socials:
Twitter (X):
Tik Tok:
📚 Learn more about crypto ➡️
➡️Join the Discord:
●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Our videos are sponsored & include affiliate content. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. Never keep your entire portfolio on an exchange.
#bitcoin #crypto
Everyone wants to know did the FED make A mistake by not cutting rates on Wednesday I think the US economy is Slowing faster and in a broader sense Than most people anticipated including The FED what this means for Bitcoin well Isn't necessarily too pretty are we Entering a recession this is the Conversation that is now on the table New job date in the United States Signals for the first time that not only Is the NASDAQ in a correction but that We potentially just entered a true Recession it's time to go beyond the Headlines now there's a debate If the Fed needs to cut deeper when they go in September do you think that they should In September go to 50 basis points Instead of 25 I think they go I mean I'm Laughing because so many people now are Starting to say 50 basis points to start With a 50 basis points cut means you've Made a policy mistake and this is a Fed That surprised a lot of people by having To hike four times in a row by 75 basis Points so they were late starting and if They cut by 50 they will sign that they Late starting to cut I think it would be A mistake to cut by 50 but the fact that Some people are talking about it I think Is where the information content is Right now that is exactly what's Happening in these markets right now Over 70% yet 70% of the market is now
Anticipating a 50 basis point rate cut Which would obviously mean the feds were Late to the pivot and markets more than Likely truly are actually in a recession Only 30% of the market is in Anticipating now a 25 basis point rate Hike only 29% of the market is now Anticipating a 25% rate cut and what This means for Bitcoin well isn't Necessarily too pretty it could mean That Bitcoin dominance is going to Remain high and as Benjamin Cowan on Twitter pointed out the total three Could actually see a massive reduction Here on the charts actually starting to Drop all the way back down back to some Major support levels which could mean we Get altcoins starting to bleed down 20 30 40 maybe even 50% on The Daily or Weekly time frame here this would Decimate altcoins but do one thing that I honestly believe needs to happen in This crypto Market which is going to be Filling the Futures Gap that was created On bitcoin CME Gap just a few weeks back Prior to this recent pump I have been Getting you guys ready for this saying That even though we're at $70,000 there Is an 80 to 90% chance that this future Gap will be filled and that is based off Historical data points and now as Breaking through that daily SMA right Here that moving average it does look Like that we are starting to pull back
To this range and so does this mean We're in a recession does this mean the Nasdaq's going to continue to bleed and Is Bitcoin going to continue to follow Has the fed underreact and have they Caused what could be further downside in These markets take a listen well look You know I'm not going to get myself in Trouble and talk about what people's Thinking are from the meeting you're Going to have to wait for the transcript To come out uh to see what what was on People's mind I've I've been saying to You my for for a long time and publicly That we'd never want to overreact to any One month's numbers and if you back up To the last half of 2023 you know that The market said there maybe there would Be seven cuts for the year and then when A month would come in then that seven Would drop to three then there was a Group saying maybe there will be an Increase in rates the job of the central Bank is to figure out the through line And to move in a steady way and I have To 100% agree with Austin gby here from The Chicago fed he is the Chicago fed President but when we look at Liquidation Maps guys we could see that We are botting out on these markets in Fact on the 30-day time frame we are Looking to consolidate around the $63,000 level so can we go to 58 Definitely there's about $4 billion of
Positions that would be wiped out However if we go down to 58,000 there'd Be over 10 billion short positions that Would be set up to wipe out markets are Overestimating the possibilities of Being in a recession there's a lot of Fear in these markets of course we have Also what's going on in the Middle East With Iran and Israel affecting the UAE Stock market and of course Supply chains With oil there is a lot of things that Are impacting the fear in these markets Currently but when we zoom out we have Now eaten all the liquidity below us and If you go to that monthly time frame You're going to be looking at a serious Amount of liquidity opening back up at Above that $70,000 level which I have Been training you guys about non-stop For weeks now quick shout out to today's Sponsors consolation dck a layer zero That is perfect for building your Favorite web 3 applications on iot AI Dpin you name it and they are currently Hosting one of the biggest hackathons of 2024 with over $100,000 in prizes if you Are looking to get into web 3 now is Your time to go sign up you only have 30 Days left to hit the deadline a project That's been around for years is now Going to have over 500 contenders just Imagine if a fraction of those become Insanely legitimate and start producing Transaction fees so make sure you add
Constellation dag to your favorite watch List now back to the show these markets Are scary but there is something that Nobody is talking about and that is Donald J Trump coming out and saying the Way out of the United States debt the Way to fix our economies could be Bitcoin take a listen who knows maybe We'll pay off our $35 trillion hand him A little crypto check right we'll hand Him a little Bitcoin and wipe out our $35 trillion wipe out our $35 trillion Something not a lot of people want to Talk about but a very big possibility a Lot of analysts are coming out and Saying I don't understand what the value Or the benefits of a strategic Reserve Would be for Bitcoin because guys let's Face it even if we back the US dollar by Bitcoin it is not going to fix the Decades of money Printing and deficit Issues we've created from our Politicians both from the left and from The right so what this would do would Show that there is a pivot and a stance On Final finally fixing those United States National Debt issues and this Would be very beneficial to crypto it Would mean more than likely you would See positive crypto legislation and Regulation bringing more energy to the United States taking that negative Energy the excess energy created as well As the emissions that are going to come
From all these energy providers by Reducing that consolidating that and Transferring it over into Bitcoin mining And energy you're reducing carbon Emissions saving the climate and you're Producing a net value out of what was Once a net negative this is true ESG Lock in these next few weeks these next Few months yes they might be pretty Detrimental to your portfolios you might See 20 30 40% dips but personally I am Going to be looking to dollar cost Average into my favorite products like Aerodrome Ando salana chain link and I'll be looking to take advantage of the Opportunity everybody is scared of now If you're somebody that struggles with Your emotions in this market make sure You go check out phone. the greatest Fear and greed index tool on the market That is created by yours truly I am the Founder of this website and it's got Every every single one of your favorite Altcoins completely free to use for Bitcoin and ethereum if you are somebody That is looking to dollar cost average Maybe it's into Ando maybe it's into Chili's maybe it's into the Central and Mana you will be able to get a direct Indicator on if markets are overly Bearish or overly bullish you want to Buy when we are in the red and you will To sell when we are in the green thank You for watching make sure you hit that
Like button and of course you guys let Me know in the comments below what Altcoins are you picking up maybe you Should also give me your price Predictions down in the comments it is The time to dollar cost average oh
