what is going on ladies and gentlemen
crypto Kirby here your cryptocurrency
expert back with another edition of the
daily livestream what is going on my
friends today I'd like to discuss
Bitcoin and the savage tether candle
that we did have just last night this
candle has induced a crazy amount of
action inside the market bringing these
tether exchange prices up to a crazy
premium guys as we can see here on
coinbase
we only reach 6800 and I say only
lightly and it's only 6,800 because in
comparison when we look at exchanges
such as buy nets and BitFenix that are
using tether sheesh guys we did go up to
almost 7700 leaving over sheesh guys
it's like an $1,000 spread between the
two prices absolutely heinous now I'd
like to discuss my thoughts on this
candle here which really did in fact
turn out to be quite the pump-and-dump
guys uh I'd like to discuss what I
believe is going on here as there's not
much information right now you know out
there for the public to really see was
this insider trading what does this mean
going forward but more importantly guys
I'd like to basically review my trades
from last night I'd like to discuss my
strategy here moving forward with how
I'm planning to tackle and crush this
market like an absolute savage so
without any further ado you guys already
know the deal if you like these daily
crypto videos and nightly live streams
smack that thumbs up button click to
subscribe
tick the little bell and let's get this
crypto moon the likes ladies and
gentlemen moon them up alright so we'll
begin with our Bitcoin technical
analysis now obviously guys the cat is
out of the bag we definitely pumped up
crazy off of this tether FUD as I was
just mentioning there's not really a
definitive answer as to why tether
decided to dump down to two crazy crazy
low levels across various exchanges and
also mooning the Bitcoin price
these tether traded exchanges to crazy
astronomical levels compared to
exchanges such as coinbase which is this
chart here that only went up to 6,800
right and just to be clear the
difference is that these exchanges such
as coinbase are using actual fiat US
dollars connected to bank accounts
rather than the tokenized fiat of tether
which has a lot of FUD surrounding it
there so basically guys what we are
looking at here in terms of price action
we had a crazy crazy pump and then
almost immediately a dump and obviously
what we can see here from the volume as
well guys is that that it all took place
in a very short amount of time now as
you guys know if you were following my
stream here yesterday and you are
subscribed you would know that I made
the stream when we were traveling down
in this price range down here what I was
looking for was resistances up in these
upper channels guys obviously we blasted
right through all of them on that
manipulation candle what I wound up
doing was as I took some shorts up in
this area and I also took another short
up here basically what wound up
happening as soon as I got into my
higher shorts we began to retrace a
little bit I wound up pulling out of my
trades for basically near breakeven I
lost a very very minimal amount of what
I put in because as we went up here we
started to get crazy fluctuations back
and forth and what really led me to exit
my trade was that I saw that finance was
up to like 7400 at the time and I was
like whoa whoa whoa this spread here is
crazy the spread is crazy and you know
this manipulation was far too much for
me to stay in my trade so I was like
listen I'm going to basically take a
very small loss here and just exit my
trade until I see what's going to be the
fallouts
and the conclusion from this
manipulation candle so
yet my trades yesterday basically just a
very very fractional loss you know if I
if I did keep them open for just a
little bit I would have been absolutely
break-even being said we are now
retraced and we are finding support
within a historic support range as I
will outline for you guys here we can
see that this has been a historic range
of interest back here it did account for
the bottom support and twice
it was support there as well which now
in theory should be new resistance but
right now guys the trend is absolutely
savage you know right now this is a very
gambling territory that we're looking at
here let's look at this from a bullish
perspective for a second if we are able
to break above this line which this line
when I refer to it is about sixty four
thirty if we can break above sixty four
thirty and find support it would not be
out of the ordinary to test this line up
here at sixty five sixty in my opinion
and that line is the descending triangle
that we have not been able to break for
the whole trend except this manipulation
wick which got quickly quickly sold back
down so I don't want to pay you any
attention to that as that's really not
you know a valid break as it was not
able to sustain it either it's a
fake-out candle right so to me guys
we're looking at ultimate resistance up
there at about sixty five forty sixty
five thirty around that area
the RSI on the four-hour time frame is
already very very close to being
overbought the MACD it still could have
some room to run there but you know it
is going to start to get overextended
here very shortly in my opinion and
right now guys obviously the momentum of
the trend is still very bearish overall
nothing here changes the overall
structure of the trend it's still in a
10-month bear trend right now there is
nothing that I've seen here that would
change anything in any
type of market structure market
sentiments etc overall the market still
appears to be in a bear trend and I will
continue to trade with a bearish bias
now the thing is guys is that down here
right where we were yesterday let me
circle us where we were yesterday this
was basically a no trade zone right I
did not open any positions down here I
had taken my short from up here and sold
down in this range that was a very
lucrative short but I did not open any
new positions down inside this range
because we didn't know if we were going
to break to the upside or flush break
down right so basically the plays to be
had was to see resistance up in these
upper channels and really guys this
manipulation candle just went through
all of those levels so quickly it was
very very difficult to really you know
take anything there into consideration
now being said if we are gonna look at
this from a bearish perspective here I
just covered the bullish that would be a
break to the upside over 60 for 30 find
support and look to test the upper part
of this descending triangle resistance
at 65 30 to 65 40 if the Bears do take
full control again here what we need to
see is a break back down really into the
62
let's see below 6300 we need to see a
break back into that channel at a
minimum and then look to probably test
back into this zone if we get back into
this zone down here between 60 100 and
60 to 50 that is going to be a very very
bearish sign in my opinion now of course
guys you know novice traders trading
with a bullish bias here if we drop back
into this zone and we do not purge right
away the novices will be like Oh Kirby
well we're finding support again Kirby
we're finding support the thing is
ladies and gentlemen is that the more
times that you test support after being
rejected the
less likely it is to hold up you know
seeing this tether pump-and-dump
getting rejected at the top of the
descending triangle getting shot
immediately back down and then volume
falling off a cliff and then you know
falling back into this magnet zone area
that is not bullish that is just not
bullish that's making things up in your
mind then right because the thing is is
you cannot discredit all that just
happened here
we had a manipulation pump with crazy
fake volume with a crazy crazy thousand
dollar-plus spread across certain
exchanges we had a crazy amount of thud
stemming from tether insolvency rumors
this right now guys nothing has changed
for me here that is the absolute truth
nothing in my opinion has changed here
the trading environment right now is a
little bit sticky I will be keeping my
VIPs updated with every single trade I
make in absolute real-time this this
trade right now seemingly is not there
for me yet I am awaiting further
confirmation I'm going to let multiple
more for our candles develop here so I
can get a better idea of what we're
looking at right now this is seemingly
just a no-man's land we had a huge huge
manipulative pump up and we are trying
to figure out where the market wants to
settle right now and obviously guys the
the discrepancy in the spread here
across you know the Bitcoin price across
tether exchanges and spot Fiat exchanges
is still huge it's very very large still
across some exchanges you know there is
it's settling down now it's not nearly
as a as extreme as it was last night but
there still are multiple hundred dollar
spreads across different exchanges so
personally I'm waiting for this to cool
off a bit
to really get a better gauge on the
market right now because this is
extremely extremely gambling now you
know I want to discuss this guys because
today there's been a lot of toxic toxic
people on social media um rooting
against the
ere's right getrekt bears get rekt we're
going to the moon this is not about the
Bulls or the bears ladies and gentlemen
which you have to understand right these
these people that are cheering bears get
rekt bears get rekt they don't
understand what they're cheering for if
this pump last night was truly due to
tether being insolvent and them going
belly-up and tether being proved that
they were not backed by US dollar or
whatever right
that is so so bad for crypto guys it
would be a short-term pump because
nobody has anywhere else to liquidate
into besides Bitcoin aetherium etc
they'd have to liquidate whatever they
can get for their tether
into crypto which would temporarily eat
the order book upwards which would moon
the price temporarily and then once
everyone was out of tether they would be
dumping their Bitcoin for fiat dollars
and dumping the order book the other way
guys if tether goes belly-up right and
tether is proven to be insolvent that is
a detrimental huge huge a negative
impact on the market that would
basically you're you're taking a piece
of the crypto economy's infrastructure
out by the legs goodbye oh this is not
something to be cheering about ladies
and gentlemen I don't care if you're a
bull or bear it does not matter we're
all traitors right we love what this
market provides so there's no need to be
negative here guys there's no need to be
cheering that the price has gone up
because they don't they don't really
understand what they're cheering for
guys that's the problem okay they're
cheering because their portfolio went up
a little bit yeah yeah Curbeam I'm up
three percent today let's go
bears get rekt first off if you're
trading like like a veteran trader that
trades full-time you're never getting
wrecked quote-unquote because you're
using proper bankroll management if a
position goes sour oh well who cares
you're not all in it's only
generates that are all in so every
movement in the market has them
trembling oh you know that because
they're trading like it like a be nice
guys they're trading an incorrect
incorrectly very degenerate Lee okay the
thing is is that for a small short-term
gain to be cheering that tether is
having problems and that bitcoin is
going up before that is so ludicrous
they're cheering that the crypto
infrastructure may be taken out by the
feet and could collapse the space in the
short term that would be the effects of
tether going down ladies and gentlemen
this would not be something to cheer
about because it doesn't matter if
you're a bull a bear a Hodler it doesn't
matter the space would change we'd see a
crazy crazy most likely in my opinion a
capitulation and it would take a while
to recover from that because you would
not know the full impact for quite some
time and form you know investor
confidence to come back in this market
following a catastrophic event like this
would be very difficult you know what
I'm saying guys it's not um you don't
know how far the order books were pushed
up due to tether right if this was in
fact insolvent and I'm not making any
claims here I'm unbiased you know I
don't have an opinion right now if
tether is fully backed by USD or it
isn't I have no no bias or opinion on
that but let's just say that they were
insolvent right and it did not it was
not backed fully you don't know how much
the price of Bitcoin was pushed up by
this this you know entity here you don't
know because it doesn't take you know
six thousand dollars to pump Bitcoin up
right now even though Bitcoin is six
thousand dollars right it only takes one
dollar to push the order book up right
less even you could buy less than that
um the thing is that it's just any order
that buys at the next highest price in
the order book so it's way this you know
2.4 billion dollar market cap here for
tether definitely pushes the Bitcoin
market cap up way more than 2.4 billion
so you know guys I don't think that
these that a bunch of newcomers in this
space actually even understand what
they're cheering for and it's very
worrisome because um you know they're
looking at this in the short term that
their portfolio went up 4% and they're
cheering and laughing and making like
this is the greatest thing to happen
what you know what I'm saying they're
not understanding what's going on here
if you're cheering that tether may be
going belly-up there's a problem man
you're not understanding what's going to
happen
you think 4% from tether going belly-up
is some kind of win tether goes belly-up
we'd probably it would not surprise me
to see Bitcoin go back into the low
2000s 1000 because you don't know how
much of an effect that tether had on the
market how high Bitcoin went in 2017
because of tether so what is the true
value then right what is the fair market
value of real fiat dollars that went
into Bitcoin if tether was proven to not
be backed 100 percent by US dollar
what's the real price of Bitcoin then
right I hope that that you guys
listening here today are you know
looking at this with a very level head
it this has nothing to do with bull or
bear this right now is that if there's a
systemic problem with tether none of
this price action matters at all none of
this matters but the problem is that in
this space guys there's a lot of very
you know ill informed and not properly
educated individuals in the space on
these topics and they don't understand
the repercussions of what
is going to happen if this were in fact
to go down and the thing is guys is that
there's no way that you could have
planned for this year you know I mean so
the thing is is how are you how are you
taking positions first off you know what
I mean on this candle you can't be
taking positions based off that candle
in my opinion did you just can't that's
why I'm awaiting further action here to
see what the response is after we've
corrected back down from that heinous
heinous manipulation and you know
mainstream media is covering it now as
we could see CNBC put this out there
looking at the tether situation as well
BitFenix apparently is having some
withdrawal problems as well they say
it's all fine there are tether backed
exchange right but apparently customers
are disagreeing with that saying that
some of them are having problems
withdrawing fiat currency we're gonna
have to see guys this is a very very
interesting time here of course I am
playing this market aggressively very
aggressively my VIPs know I keep them
updated with every single trade I make
its a savage environment here ladies and
gentlemen and today's today's video I
just really wanted to point out that
this is this is not something to be
happy about the fact that tether is
going down so rapidly and then ripping
back up rapidly pumping and dumping
essentially that is not what you want to
see in the space and anybody that's
cheering this price movement they don't
understand what they're cheering for and
I just you know if you think that
somebody you know needs to hear this
definitely share this video with them
because this is you know this is the
truth it's coming from the heart from me
I don't think that people understand the
repercussions of what would happen if
tether were to go belly-up so listen
what I'm doing here tonight guys is that
I'm going to continue to monitor the
monitor these candles going to monitor
the RSI the MACD here I'm going to look
more so on some intraday timeframes as
well to really get a perspective of
where this trend is consolidating and
what looks like is going to happen and
within the next day I probably am going
to be taking some more aggressive
positions here depending on how this
shakes out and I'm ready to get this
crypto guys do not be a degenerate okay
listen if you lost on trades today who
cares it doesn't matter guys this is a
long this is a long game it's not a
sprint it's a marathon right so the
thing is is that as long as you're not
being a degenerate and going all-in on
every trade if you got hurt by this
action that means nothing dude literally
means nothing right well if you're
trading with proper risk management you
lose trades all the time so if this
wreck - you don't feel bad don't feel
bad and the thing is is that if you made
money on this congratulations I hope
that you took profit up here because
there was no way that that was
sustainable and now once again we appear
to be in a waiting in a holding pattern
that you know proper full-time traders
are awaiting confirmations here to take
a new position and crush this market so
being said guys just please don't be
taking that trip to wreck city with
average Joe and dreams at the water
cooler because there's no need guys I
know this candle induced crazy emotions
here
like I said social media has been so
toxic that I've removed myself from it
today
you know I stepped away from social
media just a very very toxic place to be
today and I don't understand why you
know these moonboy Bulls that bought
Bitcoin at 20,000 and are still ha
telling you know every time Bitcoin goes
up 2% they're screaming from the
rooftops there it is get rekt bears get
rekt dud they don't even know what
they're cheering for guys so um the
thing is is that if you feel like those
emotions are being invoked every time
that you see something like this
probably have too much money invested
you know what I mean that's that's just
the truth it's probably too big of a
movement like when I saw this last night
uh it means nothing you know I mean it's
like oh we're having some crazy
pump-and-dump manipulation again
you know very emotionless very you know
nothing but I see it's like it stirs up
the pot of craziness it's like a I don't
know guys it's a very crazy thing here
and the reason that emotions are you
know brought to that crazy level is
because people have money invested that
they don't want to lose and when they
see it go up these endorphins and these
chemicals in their brain release and
they all it's like they black out almost
you know what I'm saying and they go
crazy they go crazy and you know the
thing is guys is that if that's how this
type of movement makes you feel you
probably have money you can't afford to
lose invested or you've invested just
too much that you're uncomfortable and
the thing is is that if you got wrecked
here like I said the thing is is you
don't really quote-unquote get wrecked
when you trade with proper bankroll
management for me guys like I said I
took some shorts here I took some shorts
here and I just closed in the middle for
a very small loss like less you know
what I mean less than a percent and the
thing is is that it doesn't matter even
if I lost say I lost the whole thing
hypothetically right say I like ba are
you know shorted down here and you know
got liquidated up here it doesn't even
matter because the thing is that I have
proper bankroll management that that my
position relative to the rest of my
capital is so small that I expect to
lose sometimes right all traders have
losing trades and the thing is is that
I'm only acknowledging this guys because
I've seen just a crazy amount of turmoil
on social media today and it just it
saddens me because of how improperly and
uneducated lis people are trading I
don't even know if uneducated lis is a
word but it just came out there playing
with way too much on the table that they
don't understand that trades go sour
often no trader wins a hundred percent
of the time trading is probability not
certainty the thing is is that it's just
a crazy Degas crazy day and my message
to you all is to keep your emotions in
check
do not you know let these candles make
you go crazy in either way this candle
should not make you feel amazing and it
should not make you feel depressed it
just is what it is you take it for what
it is and you get this crypto so being
said guys if you could one last time
moon up the likes moon them up smash
those thumbs click to subscribe button
tick the little bell let's get this
crypto a little different tone here on
the stream here today guys I felt like I
had to give you a a very heartfelt
analysis here today with what I see
fundamentally and technically in this
market you know hopefully tomorrow we'll
be back to our normal analysis you know
more pep in the step a little bit more
gusto behind the delivery here with some
more confirmations in the candles to
really plan strategize and you know
ultimately crush this market play it
like a fiddle so uh yeah guys until next
time I will be in the VIP like I said
and as this trend develops I'm going to
be trading it aggressively so I'll see
you guys in the VIP keeping you updated
with every single trade I make in real
time
shout out to my VIPs and until next time
guys be safe be happy be healthy it's
your boy Krypto Kerby peace and love my
friends kerbs
you
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