MASSIVE BITCOIN PUMP | WTF is HAPPENING

button right now we are witnessing some of the craziest action on bitcoin in a long time this is why i said i must have a live stream with you guys so just share with you guys the excitement that is going on obviously bitcoin has just shot up to the moon look at that so it was at around 35 000 just like a few minutes back we're pulling back a little bit but that's not stopping the momentum it's been up look at look at these numbers guys look at these numbers 12.4 percent when have we had a day where bitcoin shot up 12 like more than 10 percent 12 in a day and look at the seven days so seven days we're up 22 guys oh like this is this is long we've been waiting for this for a long time and something i want to say for you guys right why this is insane why is this crazy is because last time we did a live stream we talked about this fake rumor right this fake news that was put out about this bitcoin etf right and that's a bitcoin to 30k before pulling back but now we have 34k without any rumors without this is this is insane we haven't even got the etf right people probably thought at that moment right that was last week that we got the b to bitcoin etf oh my god guys bitcoin they should i should i should be tf is going but yeah that was how exciting everyone was but now right what we have what we have we have a little bit it's still etf excitement it's not a confirmation yet it's etf excitement but right now just just on this pure market alone we're moving up and what's kind of special about this is that all the alts are moving up as well so this is actually very very healthy right sometimes when we see bitcoin pump everything it just sucks in everything right it's like a it's a vortex it just pulls in everything from the market it just drains ethereum it drains for savannah everything right cardano doji all go down but what we're seeing today is they're seeing optimism return to the markets we've seen oakland's also going up okay sure ethereum's not going up as much as bitcoin right it's not performing as strong as bitcoin but it's not getting drained it's not getting trained the pot is not being pulled away right people are seeing this as an opportunity for this whole crypto market to move up so it's a very very exciting time guys welcome back to the live stream we're going to do a lot more live streams in the future guys welcome back to this channel like i said in my last video guys we are going to make more and more content for you guys and the last video i've said as well this is the time for me to come back and what a good time it is right like you you can't you just you just can't make this stuff up like i was like making these these videos about saying you know like uh my strategies for 2024 i was like preparing the groundworks just building up making sure that i'm good at live streaming and everything and making sure that you know like just personally i'm good i got the solid foundation so after coming back personally making these videos and then we see these insane pumps and guess what obviously i'm in a good position right because you know as i've been building up my portfolio for a long time right so this is a great time to be not just back personally and making the gains myself but it's great the gains to make these gains together as a channel because we are going to outperform guys that's that is my new goal right if you want a quick summary of my strategies for 2024 or my objectives the objective is to make as much as possible humanely possible right and it goes into like social fight like taking a look at what is happening on these new horizons that we're going to cover so anyways that's a strategy video i'm going to post that on the link for you guys here but today what we're going to focus on is today's this massive pump today and the the take home from this pump right what's causing it what's happening and the take homes and the massive wins that we're going to get along the way so welcome guys tell me where you guys are from if you guys are having if you guys cannot sleep as well tell me tell me tell me if you cannot sleep it's right now it's actually lunch time for us in hong kong so it's actually uh 12 uh noon right now i'm actually super hungry uh i'm gonna pop this i promise up myself i'm gonna pop my cola right to celebrate with you guys um i have a serious addiction to cola right now but anyways hi guys hi guys welcome back welcome back to the channel say where you are tell me where you guys are from tell me if you're excited tell me how how crazy this is gonna be institutional money is gonna be very different too so anyways let's go started cheers we got raf saying stop coming in and saying yep following following you since 2017 thank you thank you thank you so much um we got max 55 says dallas texas here um phantom brawler says i mean st louis want to come to hong kong one day guys it's it's it's actually really fun in asia right now sometimes a little bit too crazy but it's actually um there's a lot of peeping up especially in south east asia as well yeah this this the scene is it's gonna get crazy especially after like honestly after america comes down with the anti-crypto bs that is when things are gonna pick up so anyways guys let's take a look at what what what triggered all this right so what triggered all this is that the blackrock i shares etf is getting closer and closer and closer so what happened was that they actually i think this was probably um early miscommunication maybe but it got listed in the deposit trust clearing corporation so there was actually the i shares um popping up there which triggered uh institutional investors to feel that this is coming a lot sooner uh than they think it would right because we know that this bitcoin etf it's been you know we've been talking about it if you guys are talking about 2017 we've been talking about bitcoin's etf since 2017 right and it's a situation where we we know that the sec really doesn't want to prove this but after losing their court case um the sec has no choice really right the courts really just said hey guess what sec uh your excuse of saying this molecule is manipulated this market uh these broad excuses that's not gonna work so now we're finally getting that one inch closer and i think this is a reality check right being listed on the deposit trust of clearing corporation doesn't mean it's it's it's approved yet all right it doesn't mean that sec approved it but but it's a reality check it's like it's like coming to it's it's it's about to come right i i almost regard this like the way i look at it it's like you know when like uh you know when like a new product is gonna be launched like say a new iphone or something and then sometimes on like the amazon website it just lists the new iphone and the specs out it's just like a preview of what's gonna happen i this is this this is that this is exactly that right this is a preview and this is a a huge reality check to anyone who's an institutional investor because for them they're thinking ah it's it's okay it's coming it's coming doesn't matter maybe one or two years right but the fact that it's being um posted up here right it's like for them it's like okay it's real now guys it's it's real it's really happening this is coming i know we've been talking about since 2017 but when it comes it's going to be insane and people know right if you're an institutional investor you know what happened to gold right this is like um let's let's do a quick refresher gold when they had an etf is searched by 350 percent right that's not 35 all right that's not 3.5 percent that's 350 when it surged when it got that etf approval right just look at that the first etf gold approval it said gold prices flying right bitcoin's gonna be insane because bitcoin already has a reputation for being insane right think of right this is this this is the craziest part bitcoin it's not gonna repeat gold it's been crazier than gold right think about bitcoin already is crazy it's already crazy look look at look at bitcoin max right like you gotta like the the only way to look at bitcoin's growth is not through a linear chart but through a log for a rhythmic chart right uh basically having a scale of a multiple of 10 right that's the only way to like reasonably look at this chart and you can see these crazy crazy adjustments in price of bitcoin and that's that's why i think this is uh hitting people extremely hard because it's coming one step closer all right people people are seeing this being listed up all right i shares i shares bitcoin being listed up in dtcc people are feeling okay look people are looking at timeline right institutional investors not stupid they're looking at timeline just saying you know what uh it's approaching another year soon right and if you look at the timeline for uh bitcoin etf approval bitcoin bitcoin etf the timeline for that right look at this look at this guys all right it's coming the first one arc shares it's in january but then look at this right final deadline i'm only looking at final deadlines here because we know that the sec almost always makes decisions on final deadline when it comes to bitcoin because they've been hitting the delayed button all the time right so we're not even going to look at you know these like the first second uh deadlines the deal lines we're not going to look at those because we know the sec is always delay right they're always saying they need to look at the final one right the final ones are what's important 2024 final deadline for arc shares january i shares that's the block correct one march right so time is getting short if you want to accumulate right if you want to buy bitcoin that time is shrinking that window of opportunity is shrinking and people and this is actually that's that's why the prices are going insane right now right when people are starting to buy and just look at it right let me switch my chart up really quickly back to bitcoin um back to bitcoin this one not total three bitcoin all right so look at this guys look at this look at this look we thought we thought 31k was resistance all right and i was talking to my friend over the weekend about this like before all this and unfortunately my friend is a bear okay he was bearish she thought bitcoin was going to go down to 21k 18k you're putting out these small numbers trying to freak us out in our friendship circle right but i was like no no no you're wrong sir and he was like pushing me like super hard and telling me yeah you know 31k right that is that that is resistance there right look at how fast we scratched that it was like how fast we broke through that right it was a single candle just broke through hey you know what guess what guys 31k ain't that that ain't gonna hold right so you can see the power of this right in terms of just breaking through these walls as if it's nothing as if it's nothing bears are getting liquidated left right and center right now obviously it's not going to grow up forever obviously that's excitement right now we have we have this insane god candle there's going to be some consolidation which is what we're seeing right now we've got we've got the pullback from 35 000 all the way to 34 000 not too much but guys guys this is just a start right and this is a train the train has started right the engines have started the engines have just flipped right so we know we are back we are back we're back so welcome guys as well we just want to say a big um hi to everyone coming in the chat as well we got uh itf coming from india barry current from vancouver eatman also from vancouver uh fox fan welcome back welcome welcome back uh lauren lingers from monterey california must be really late for you guys over there uh lama666 is so we are back we are back and this is a preview this is a preview so something i want to bring your attention to right here is the bitcoin rainbow chart this is a chart that we've been looking at so this chart has been drawn all the way since the start of bitcoin right so this is start start of bitcoin here 2010 it is yet again the log worth of chart so every one of these bars is uh 10 times right so it goes from one dollar ten a hundred a thousand ten thousand a hundred thousand right so we're looking at this chart here and this actually kind of put in the cycles into perspective right so this is the cycle in 2021 sorry not 2021 2011 sorry this is like the cycle in 2013 cycle in 2018 so in 2021 and then of course after every major bull cycle we entered these bear cycles so that's when kind of you hit the bottom of the rainbow and the bottom of the rainbow um they label is like this basically a fire sale so we're pretty much here we just kind of bumped out of the basically it's a fire sale sale phase and then of course you can see that we're also reaching a halving phase as well if you see these having this is when the bitcoin uh mining when the mine bitcoin is half right this is programmed in the bitcoin into bitcoin protocol from the get-go so every uh every uh right right now it's up roughly around four years um it just halves right so amount of bitcoin might be minus half we're basically moving out of that phase i don't expect us to be like fully crazy okay let's put a caveat here i don't expect us to fully pump all right to these levels to these red zones like 100 100k above above 100k for a bit right this is still our accumulation phase this is where as i said in on my previous video this is when i start making videos making content getting kind of like trending up until i'm like fully like strong and then of course when we're at max strength that's when the maximum uh run happens that that's that's what i'm looking for right and then of course that's gonna be fun times anyways basically i need to contain my excitement before um people criticize me on live stream too much but anyways that's the rainbow truck for you guys i still see us here i still see a stay here a little bit okay it could be in the green area could be the these this area until the etf hits and then it's basically off to the races and something that's actually quite interesting as well i think that's been covered on reddit just going um going back up here so uh with bitcoin going above 30 000 micro strategy is in profit and this is really important because they can now flex in front of all their like friends on wall street right because there was a period when bitcoin was falling in price and then people were like yeah michael saylor he's an idiot you know why he finds this bitcoin thing yeah why and he was like he was accumulating right we saw that that massive accumulation and i bet his peers are probably just laughing at him on wall street right they're like what an idiot but now look who's laughing now like they are improper and they're gonna flex those gains especially if bitcoin moves the more bitcoin moves up the more he can flex and you guys really know as well this year they changed the accounting rules too right because michael saylor was booking a loss for a long time just because of how the booking system works in the states but they managed to change that right so now they can book these insane wins and then it's a matter of time before all the other rich clients are like yo like rich people like you know like why don't we get that no look at that guy over there i didn't get that and i've seen this like um first hand as well that's kind of very interesting because um like rich like very extremely wealthy individuals they behave differently right they don't they're not as interested in the tech okay because like for me i'm like super interested you know like what's a new txo and we've been talking about like these like deep dives into bitcoin right like what's a utxo model all right how does uh lightning network work you know what's the mechanism behind that you know those rich people don't give a about that they're like where's my paycheck right when am i gonna get that money right and this is like there's no better way to make people jealous than you know making like insane rents and booking those on the table so anyways i think this is going to be a big factor as well um moving forward because now that the accounting system has changed all these fundamentals that were holding bitcoin like not fundamentals um i think the ground there were there are various factors on the ground level that was holding bitcoin back right and and that that's slowly being changed right whether it's accounting rules whether it's regulatory perception of bitcoin whether it is the sec gary gensler they were holding bitcoin back but something that we're doing throughout this entire bear market was to show people you know what gary gensler he's kind of a cloud okay like if you actually watched uh congress question gary gensler there is considerable backlash against this guy because they see through the the the the the hypocrisy of all this right and that was what the house speaker was getting at in the last um uh congressional hearing was you know hey weren't you supportive like they're just asking directly weren't you supportive of bitcoin you know it's bitcoin as security can you just ask for us that you know in plain simple words and in fact like gary gensler couldn't even do back right that was how messed up gary gensler was like let me let me see if i have this on a short let me just play this for you guys like um matter of view on bitcoin you you've made comments on this you believe bitcoin is is not a security is that true well i think the staff the sec have also uh and the prior just asking you this question this is not a gotcha i thought there's going to be an easy softball into harder questions do you think bitcoin is a security no i think i've said this in the past that i think that i'm asking you to answer my question now this is not supposed to be hard i know i said it does not meet the howey test which is the all the land about being so it doesn't mean how he says so therefore it's a commodity is that fair i i i would say it's not a security and then the test is otherwise for other laws well it's been better if you're on bitcoin you've made comments guys like this guy is making policy decisions in the states like he couldn't even answer a direct simple direct question and that's his entire department really like come on come on he just got that pause there too and i had to think about how to answer this like just give us a straightforward answer this is your freaking job right if if it was my job if i was running the sec right i would have been able to answer like that like this is such a simple question is bitcoin a security no done move on nice christ anyways guys so this is what's happening right so so we we've pretty much seen the hypocrisy of all this we've seen these changes we've seen how how at the end of the day right the sec is just an agency it's just a government agency it's it's not going to control the world it's not going to change everything that's what we're establishing now and then we're establishing that also that if the bitcoin etf is an inevitable inevitable inevitable inevitability i have pronounced it and of course we've seen a preview right this is what's scary what what's what's what's following institution investors this preview that is coming right now that oh wow it's a it's appearing in dtcc oh my oh my god oh all right now let's take this seriously and then once this this happens it's going to be a chain effect it's going to be a chain effect because there's a slew of etfs are being um that are are waiting to be approved i realize now that you guys cannot fully see this um but there's a slew of etfs deadlines are coming up and we'll see that so now now we see the strength in the market and i want to say a few things the last last any words on the market and everything about this so first and foremost um we smash through the resistance that's great but also what's kind of interesting is i initially thought if this was a trader dictated market that the market makers would rather push the market back down down right because at that point because we had that freaky weird news that liquidated a lot of the uh uh shorts in the space that just pump it went really high so the majority of market orders should be in lungs right because the shorts were liquidated in that really small cycle with the little blimp that we saw previously so if if it was a pure market maker play and they're taking the counter side of the trade then it's much profitable for them to just push the market down and suppress the price of bitcoin but this is the opposite we see the market moving up which means that the bulls are now taking control it's not just traders it's just not not just market makers the bulls are actually taking control and there's actually liquidity coming into the market so that's actually a very that's a very important detail that we really shouldn't forget at this current point so if you're a trader right you realize that it's not just about market makers anymore it's really about the markets right and then what institutional investors are going to do at this current point so now that the god candles out right that's gonna be quite scary like we're looking at supposedly the next resistance is going to be at around 40k but that's that's interesting because we know now know that with these god candles being so strong right we could well push past that we could push to 48k and people are going to choke when they buy bitcoin at these prices because they're like oh my god we missed out on this insane deal but anyways guys um that's my take on on it um this is actually really a fun time i've also been playing a little bit on um bot trading which is kind of interesting that's my latest experiment i told you in my last video that i'm experimenting on bot trading this is an experiment that's been going on for around 60 days now and using this particular platform how this came about was actually one of my friends um he was actually making this platform um and i actually saw him demo this and i was like hey this is actually pretty interesting it's actually um pretty like it seems pretty clean that's what i kind of liked about it it was clean it was showing me what was happening so i'll just show you a little bit of preview i'm gonna make a little bit of a longer video on it but what was happening i guess you can see this let me move myself a little bit so uh this is when i started it'll start with a small amount of money uh of course and once it starts and trades you can sometimes win and sometimes lose so there's the cumulative loss part of gain and you can see here that we're gaining massively in the past few days so yeah it's been it's been a quite a cool experiment i was just like looking at these bots of what they are trading whether they are buying or selling uh but yes uh the last few days because the market has these huge movements um it's actually good for these bots so these bots are just like raking money from the market i actually have five bots running at the same time so they have different strategies in each of them and each of them are set to use a certain amount of money in the wallet so i have i have this link to my five bit wallet and they are set to use um just ignore this number here it's uh it's a because of the 100x leverage um it's using um actually only just like five percent of my watch so each time it trades it uses around five percent of the funds to make that trade uh but it displays this 500x because it uses the 100x leverage it's like like ignore these numbers for a sec but um it uses that amount to trade and it's actually may be making some really good trades like say for example this spot here the standout bot was actually the a-i-r-s-0-0-3 i was actually looking at what it was doing it was just longing right it was just like selectively longing um open long positions here and it's openly progressively bigger and bigger long positions which is quite interesting but anyways i'll talk a little bit more about bots because it's something else i'm spinning up as well because i feel like that's something that uh when the model markets are moving that's when these bots can actually break in a lot um as opposed to when it's just stagnant and flat and sideways trading and that's when bots aren't really exciting but this is actually a really exciting time on that note as well guys uh i've been uh i visited by bit exchange i've been using it a lot more recently because it actually fulfills a lot of my trading needs uh these needs were actually um it's actually quite important because um over the years i've grown not as just a hot labor but as a trader and i used ftx a lot you guys probably know that ftx a little bit wrecked over there good news on ftx as well um it seems to be the case that we're going almost going to get 80 to 90 of our money back so if you're stuck there hoddle on but uh recently i migrated all my trades to um bybit and if you guys want to join me on that there is a special promo code down below that you can join and as part of that special deal you get to get um on a um what is it an iphone draw as well so you can get to draw uh unlucky draw for three iphones you know me i'm like the worst shiller possible but um let me just put this here so welcome this here but that's a special thing that we dealt with i'm like we actually talked to the guys at bybit um i actually visited their offices which was which which actually made me a lot feel a lot more safe because it's actually a three-story office you know it wasn't like actually four-story office uh but um yeah so that's that's the bybit um promo code you can see the promo code is here this is ron's special one or bob this is actually my one actually i'll put that in the chat down here but um yeah if you want to join if you join now basically we're going to do a live draw and anyone who joins kyc's and makes their first trade they qualify and we're going to draw um people to get giveaway three iphones on there so it's going to be quite exciting for you guys as well if you guys are interested so join now like if there's any time to join it's now rather than later um especially like once the bull market hits um joining exchange is all going to be really hard like trust me from last market um it could take you know three or four weeks before you get an account during the bowl but right now because everything's still you're good their kyc teams are like fast like like this right and then of course you guys cannot join our you're restricted i do have a small tip um in a new video coming up very soon it involves getting a different for me uh it worked for me all right but doesn't may not work for everyone but there was a small tip for uh people coming up uh in the in upcoming video so guys thank you guys so much for uh coming out um on the stream uh metamaster x's how is your channel still 700 278k subs man during the bear market it doesn't grow like i think it grows slowly but once it steps up that's it's crazy um boxfans's last bull run was insane next one should be epic i think the next one will be like beyond epic like for real guys for real i'm excited for it i mean obviously we have a little bit of patience it's not going to be like like tomorrow but i i do see within this one year time uh we're gonna go crazy which is why yet again it's this time like for me you can just see not just what me saying but just look at what i'm doing we're live streaming more we're making more content why because i want this for everyone all right i want to bring everyone on board i want to be like fit af ready af for this bull market and it's going to be exciting fun so guys thank you all guys also for the support as well um over the last few years um it's been a crazy crazy ride for me and i know i've been you know pausing making videos for a while and it was a good break um i felt like it was a needed break uh i tried to use the time to just like work on myself um trying to lose a little bit of weight i was getting really fat i actually looked at a old picture of myself um and i was fat man i was really fat and uh uh that was a situation where you know i wasn't happy as where i was going because i was just like you know like streaming investing buying and eating a lot and i love dessert i love sugar and it was a situation i just needed to work that stuff off so now i'm trying to hit the gym i actually went to the gym this morning trying i'm not good at it in any means by the words i'm not a gym freak by any means right um but i'm trying to lose a little bit of weight uh that's that's been you know um it's been hard but rewarding um let me just show you guys this here this is something i'm proud of kind of proud of all right um so i guess i'll show you guys this here let's see if this is magnified so that was me during the bull market like my weight went up um as the prices of bitcoin went up it was just like straight up right so uh that was just time and that was weight and then uh throughout this time i i did an aggressive keto diet um here you can probably see that here aggressive keto diet but now i'm kind of in this maintenance mode where i'm just like um kind of maintaining going to the gym and being just like a healthy weight loss um yeah that's that's been my uh my goal and i hope i hope you guys can be healthy too because that's the other thing i realized it's not just about the money right the money is part of it but um being able to be healthy um it actually really affects happiness um you can be how you can make money and you can be sad you know i've seen a lot of people who are like that they just make money they're sad um and i just didn't want to do that so i want to have goals and i want to to work out and i hope you guys can join me whether or not you can but regardless it's gonna be fun it's gonna be sick um it's gonna be pro proto list is opening a position on michael's weight it better be a freaking short okay that pro proto list is 10x long no man no brother no brother not going back there again definitely not going back there again maybe maybe maybe mid next year but at least for now i'm gonna stay i'm gonna stay let's keep you guys better short that wait okay all right guys thank you guys so much for watching peace out we're gonna do much a lot more content there's hongkong fintech week coming up there is the box money test net if you want to watch ron's stream so we have uh ron he's been streaming non-stop he's been pretty good at streaming too uh this guy he's he's got a hat um he's cool but he's on what's my test net where he's technically content um and he's actually getting okay pretty good so congrats wrong with that guys thank you guys so much for watching thank you guys for tuning in 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