 You're right guys. So in my last video I was talking about the 20 Around the 29 28 area As a very very interesting area on top of that probably somewhere Just below that if we do get some sort of Stoppance so probably maybe down to possibly like the 25 areas That prices could go right again. Nobody knows no one has any idea it could go high or go lower I'm not looking at this as far as price To try to forecast where price is going to go I'm just saying that you know if prices do come down here Then what I probably expect to happen is you know some sort of manipulation because ultimately The bias and that's a manipulation But it's not really a manipulation from the perspective of the institutions and market makers because this is their business model Why this is what they this is what they they're doing we might look at it like as a manipulation But they just you know search for the liquidity but to understand that obviously you got to watch my last video now Just a quick simple thing. I'm not again. I'm not really driven by technical analysis But for those of you who are Driven by technical analysis You know, I'm definitely more fundamentally driven and just use technical analysis To look for you know, the best kind of buying opportunities potentially. So There's compliments in and around just 20 between this 29 and 25 area one of the compliments is I guess technical analysis wise is That is a is a Fibonacci retracement now Fibonacci retracement case. You don't know is just basically is like taking It offers you discounts right all that they say offers you but it Indicates where potential pullback discounts are so let's say for example, we know instinctively that you know at one point You know this I shall do from here. Let's say for example, this was a definite bargain as prices, you know come all the way up here Yeah, so back in April, you know that the 13th 14th We would have looked at this area as being one of those areas where you're like, you know what prices went You know shot up from here, you know, and this was basically an expensive very starts to pull back now All Fibonacci is just their their ratios that occur throughout nature and things like that discovered by Mr. Fibonacci, I guess and You know one of them is the 38.2% and the other one is the 61.8% so that's a 61.8% Fib right and a 38.2 It's just kind of Google Fibonacci and Fibonacci retracements and things like that. So Traders generally tend to use this Fibonacci retracement in their In their trading right to to to really I don't necessarily understand it But it's basically just giving you a discount or or indicating where the discount is if you Expect or you assume that this is a bargain area and this is an expensive area Yeah, so you're looking for basically a pullback. Yeah, so That's all Fibonacci is So this is basically a 61.8% discount from the absolute highs, of course I mean, this would be the absolute bargain. So again, you can see that prices, you know, did what it's supposed to do now One of the things that I guess traders generally don't do is look at things historically. So from a historical perspective You've got you kind of have to look at the highs and the lows right so You know with the backdrop of Institutions are thinking not thinking but they're looking to obviously buy into not necessarily just Bitcoin Obviously Bitcoin is the flagship for crypto at the moment doesn't mean it's gonna be like that in the next, you know Five ten fifteen years, but it is the flagship for crypto. So At the moment, you know, the institutions are trying to you know set up And get permission for regulation for, you know, Bitcoin Bitcoin ETFs and crypto in general Bitcoin is the is the is the market leader I guess all the crypto with the biggest market share in the total market cap. So with that being said Analyzing Bitcoin is just You know something that we can do As and as a reflection of probably the whole market cap because you've got the total market cap Which is here that we use but I'm just analyzing Bitcoin as far as Bitcoin levels now Again, if we take going back to Fibonacci if we take The whole market right and why would we do we take the whole market? Well, there's lots of institutions that missed out on, you know, this move and buying Bitcoin from pretty much zero, right? So they're probably now looking, you know, they were skeptics They were, you know, naysayers and all that kind of stuff and say no, no, no, no, no, you know Bitcoin is a scam Bitcoin is a scam Bitcoin doesn't work Bitcoin ain't gonna work Now they're looking at Bitcoin the narrative has changed the Bitcoin is supposed to be a store of value and I use the word supposed to be No one really knows yet what it is, but that's the narrative that you know, it's being peddled So with that being said there are Traders and investors and hedge funds and sovereign wealth funds that are going to look to add Bitcoin to their portfolio into the in going going forward, right? So because now crypto can't be denied But again, they missed out on the last, you know, 10 years of 11 years of Bitcoin Was it 12 years something like that when Bitcoin was made in 2008 2009 by Satoshi But they missed out on all of that and now they're, you know, seeing the light Yeah, they're seeing the light that potentially, you know, Bitcoin could go to 100,000 maybe 200,000 within the next, you know 10 years, so there's lots of potential upside, but they don't want to buy it highs They're not buying it highs. These are the smart money. They're smart money for a reason They don't buy it high and sell it low they buy low and sell high So if they've missed out on all of this move and they're looking for, you know They're saying that they want a Bitcoin ETF, you know, there's you know regulation coming They want to get into crypto, you know, what it's what it usage as far as or what it creation For for various cryptos are on the rise, you know, you've got many, you know, exchanges popping up now from, you know I mean, even Coinbase is on is on is in the stock market, right? So, you know, the IPO so there's it's not it's not some fringe niche You know thing that it was maybe back in, you know, 2014 2015 2016 It's you know, we've got the metaverse coming as well. So that all ties in to Yeah, so that all ties in to To crypto expanding, you know, block chain, you know, leaving in the technology So anyways, so the financial institutions that want to get in on Bitcoin now invest that missed out on last, you know 10 years they want to buy for a bargain price or a discount at least I think a buyer don't know if it ever come down to, you know 4000 again, but anything's possible. But From the perspective of a discount, where is a really good discount? So between a high and a low or low and a high Generally, you know 50% is fair value. I thought you would call fair value 50% High and a low Would be somewhere around, you know here Yes, so it's touch kind of fair value So that makes sense all the sense in the world to start to buy in and around this area It starts at least scale in but as I spoke about and you know, my previous video, you know Banks just can't you know if they got like the same for example They've got and it's not just banks But you know, there's loads of financial institutions looking to buy Bitcoin scaling the ones that can the ones that are not being held Back by regulation. They want to start buying and scaling in and it needs to be enough liquidity There needs to be enough sell orders in order for you know, the smart money to buy and it is not enough sell orders in the market then The financial institutions have to scale in slowly It's called it's called the iceberg order and it just basically just buy bit by bit by bit over time because again Unlike retail traders and investors who want to get rich quick These guys are in it for the next, you know for the long term So anyways Where's a better value than 50% fair value better a much better price would be 61.8 percent, you know fit Say people of rich but of retracement. Yeah, and actually that lines up really nicely very very nicely with the the area that I was Talking about with regards to the My second video Say second video, but the last video that I made which was basically Bitcoin coming down to beyond and I shouldn't delete that Bitcoin coming down to around the 25k or somewhere in and around that area, right? Because again just getting rid of this stuff Yeah, we've got You know that level there which has been touched several times It's no longer seen as a bargain because there's been too many bias too many touches at that point And then again, I'm not going to go through the whole thing Prices could obviously bounce from there, right? Of course It could even go straight to the upside because none of us know whether that's going to be seen as a bargain by you know hundreds of thousands of potentially millions of of you know Investors around the globe saying that that prices is going to be it But I have a feeling that prices may come just beyond that 25 so that it snatches up all of the equity below the market and then comes down and that lines up really with the 26,000 Fibonacci Retracement which is going to be a very nice discount for the institutions. So So yeah, just something to think about and something to Consider, you know when buying of course Like I said, nobody knows so the best thing that would have been that I'm doing I can say is just cost averaging down right you just cost average down because Ultimately, and I'm not buying Bitcoin. I'm just cost averaging on other projects But you know cost average cost average cost average, you know as you you know come down And again try to if you can get heavier I'm getting heavier as I'm good as prices are coming down right because it makes sense That's how the institutions play it as well. They buy heavier Or they increase their position size as prices, you know go low up so they find more for cheaper So from that perspective It's it's it's you know that the Fibonacci retracement, you know from the highs from the absolute low to the ultimate highs Make all the sense in the world the prices to come down here, right? And also as well hit that, you know, Fibonacci retracement also as well just from The perspective of of price and what price you generally tends to do when I say generally or typically when you get like a Big run up, right? So let's say for example, you have starting from May 2020. Yeah, you've had this run Where of price where prices have not pulled back to any significant degree? Yeah pulled back pulled back And then it kind of pulled back slightly to maybe about fair value. So let me explain what I mean by that is Since March 2020 right if we drag we drag the Fibonacci tool and Zoom in a bit right prices generally will at some point in time It could take a year could take two years could take three years ten years who knows but eventually prices Will in a move up will eventually start to come back to These areas here. They will always have to pull back Because again, you know understand about, you know liquidity market makers, etc so if you look at the low of March 2020 which interestingly was, you know around COVID, right? This is when when we were in the the midst of the lockdown, etc. And Bitcoin went down to three thousand eight hundred. So does this save four thousand dollars? since then we've had You know You know prices just basically make their way higher. So as I said prices generally will revert back to the mean Yes, I'm gonna call mean reversing in in in finance theory or reversing to the mean and Mean being fair value, but also as well You know from what I've seen is that prices generally will come back to their sixty one point eight percent, you know Fibonacci as well now if you keep dragging prices higher, right? Prices, let's see how many times remember this is a bargain area at the moment Yeah, and this is and the current expensive area. Remember, we don't know what's coming on into the future Let's just pretend we didn't know what's going into the future so Eventually price has to kind of pull back to its thirty eight point two first of all because that's gonna be the first level So where does when does price pull back to a thirty eight point two? Keep go dragging is higher keep going higher doesn't pull back Remember like as it's going higher and higher it hasn't pulled back to touch this thirty eight point two so We keep dragging it higher Keep going high keep going higher and then it kind of Difficult to tell to be fair because it could have went higher then lower then higher But let's just assume that it just literally, you know, it's still didn't really touch that 30 point two percent Fib anyway So there was no there was there was a discount but not necessarily much of a discount as you put it higher Prices still haven't come back to that thirty eight point two percent This is probably maybe you know up to a year later So a year later we still haven't pulled back to that thirty eight point two So anyone who missed out on this run all the way higher Didn't get a chance to buy for a little bit of a discount that they you know percent discount until May 2021 and then Eventually come down, but we don't again. We don't hit the 61.8% fib right so, you know, that's the expensive area Yeah, and traders are literally now looking for a bit of a discount But they they've got the discount but not necessarily down to the To the to the Fibonacci level and then you get you know prices actually move say the 61.8 percent Fibonacci Then you get that move there the prices, you know go go higher expensive and now anyone who wanted that 61.8% Fibonacci discount You know has a chance of course you have to kind of drag this a bit lower because you know from here to here there That makes all the sense in the world for that to Also line up as well Right, so then there's going to be lots of traders looking at that area for buyers But I think you drag this back even more from the beginning as I said there was there's been financial institutions that wanted to get in from zero and That would represent the ultimate discount of course to 30,000 area You know is a nice area to look for buyers And investment opportunities for investing in Bitcoin, but I do think the it could potentially go lower before it goes higher To around that maybe 26 possibly the 25 area if it goes below that then obviously It is what it is right no one no one nobody knows right no one knows what's going to happen It just represents either you know an even bigger discount for the for the financial institutions because again, they believe they believe that Prices should be somewhere up here. They wouldn't be trying to set up Bitcoin ETFs or you know Applying for Bitcoin ETFs for their clients, you know black rock who you know Who have ten trillion? Dollars under management assets under management applying for a Bitcoin ETF. They wouldn't do that if They believe that you know the the the higher of Bitcoin was was like 70,000 or 69,000 so Again for their clients and in preparation For a higher Bitcoin They're looking to potentially scale in almost saying that they that they're buying or whatever it is I have no idea about the regulations what they kind of can't do but the smart money Yeah, whether they're doing it personally for a business whether they're regulated or not and looking at this area here as an Absolute discount a nice discount anyway, obviously the zero would be the absolute bargain right because again, you have to understand that price Yeah, is not correlated not always correlated to value It's a value right it's not always correlated to value is the reason why things can be You know undervalued or overvalued or can be cheaper expensive just because prices going down doesn't mean that that's the value of that asset The value of the asset can can be you know a bargain price undervalued. Yeah, it can be undervalued Yeah at this price because fundamentally we understand what you know Value is right so price doesn't always isn't always a reflection of value So from that perspective You know that level I think this is 28 29 30 down to the 25 area is going to be very Interesting very very very interesting to watch will it how long will it get down there? What will it take for it to get down there? Who knows if it will even get down there at all? This year next year who knows but just know that the the area is a nice area And and a very very watched area and it's going to be You know an area of very very high activity, so so yeah, that's pretty much my analysis and And yeah until the next until the next video