 all right i think we are officially live what is going on ladies and gentlemen welcome back to another live stream bitcoin daily um i'm here with my of course my co-host here bitcoin queen how you doing queen hey what's up doing well another week another bitcoin i guess yeah for sure today yeah well this is a pretty uh full week and pretty much everything is happening on wednesday so we're going to be talking about that today um basically we have the cpi comment office we have um the ethereum update and the f1c meeting minutes so it's going to be uh definitely a week that's going to be packed with a lot of things going on that as far as like volatility that brings volatility into the market and speaking of volatility um if we look at prices right now you can see that bitcoin has just all of a sudden started its surging here up almost three percent on the day um above 29 000 so currently testing yes currently testing the the highs that we hit um of probably like a week ago or so uh two weeks ago i think the high we had hit was 29 182 was that the high here 29 yeah i think that was a high and currently we're at a high of we actually broke the high 29 197 so we've actually set a a new high here um in bitcoin a new recent high um for like the last few months so uh that's i guess bitcoin knew that we're going live and it decided to show off a little bit yeah pretty usual i think um i think right now we're in very exciting times for lack of a better word um i guess we're not allowed to use a word recession anymore since it doesn't exist but we're definitely on the brink of a turning within the economy um whether or not people realize it definitely you know consumer pricing and a lot of that stuff is very high uh and we're still pushing these interest rates up um q e i don't think is on our side this time around but you know we'll see what the fed uh does over the next few months because things are very interesting the housing market the housing market has gone insane because some of these assets uh with that program um they are backed uh fully and these bigger banks they take a lot of less risk than they used to so uh a lot of interesting stuff happening here and uh more and more people talking about hyperbic coinization and whether or not that will actually happen over the next coming months so we'll see yep definitely so um so yeah so right now we're pick bitcoin is still pushing is up 29 250 right now let's take a look at the rest of the market here uh and see what has been going on um in the last 24 hours and the last seven days so you can see the last 24 hours bitcoin is up 4.66 percent ethereum is right behind it at 3 percent um and everything else there's nothing that really stands out you see mattock up 2 salana up 2 percent but uh no real big movers here uh litecoin up 4 so that that one's actually kind of standing out a bit as we know litecoin has a halving event coming uh in august so um that might that's something to watch for as well um let's take a look at the top gainers and the top losers over the last seven days here and we can see the ones that are here from the top 100 list is uh radix or radix are you familiar with this project no actually i do not know them yeah it's up 30 percent over the last seven days so i'm not familiar with it um but i have been seeing that it keeps uh popping up here as a top gainer and a top loser uh because you know when coins go up a lot they usually also fall a lot uh we know that uh dogecoin last week had a had a run up um when it was posted as the logo for twitter were were you able to catch that yes yes i did see the the little dog in the corner and loading on my uh home screen for twitter last week um there was that i think dogecoin pumped 20 percent when elon once again done that which was pretty funny uh now today in the news i was seeing you know whether or not it's lost its steam and it's over uh but we'll see i i think at some point in time it was changed back to the bird and um yeah i think it was it's it's the little bird i call when it loads but yeah yeah so i guess they changed it back completely because at someone in time it was it would load the bird on the home screen but then in the corner it would have uh the doge mascot so um pretty funny pretty funny stuff yeah i think um friday i think it's going to change it back so uh actually when i when i went out i actually uh shorted it so because i i know how how dogecoin works at this point right when they whenever there's a huge pump like this like that's free money all you have to do is just short that top there short it when you see it starts slowing down that pump that's when you start shorting and uh i was able to short it from around 10 cents all the way down to its current price now which is around 8 cents i actually just closed uh my short position on doge during this pump uh recently here so within the last hour actually closed it yeah so it was a nice nice yeah it was a nice little little run up there um but yeah so that those are the top gainers the top losers here um we have casper down 11 percent uh h bar 10 percent uh actos down 8.8 percent so these are just some of the some of the tokens here that that uh stand out to me right now um not too many and nothing too bad you know 10 in crypto is is nothing right so that's that's just a the regular a usual day in crypto in the crypto market um during its volatility uh but yeah so let's let's take a look at uh what we have coming up this week so uh the main thing that i want to talk about this week is uh the cpi data that we're expecting on wednesday we also have the f1c meeting uh the meeting minutes coming out also happening wednesday and of course the theorem shanghai uh update upgrade also on wednesday so it's gonna be definitely a packed wednesday let's let's look here at uh at what we're going to be looking at so the first thing is the cpi data that's that's going to be coming out at 8 30 a.m eastern standard time on april 12 so um right now well last month as we all know the it can't the the data came out 6 inflation and now the consensus for uh wednesdays is 5.2 percent so that's the consensus so if you look back over the last eight months because it's been eight months in a row where inflation has gone down and if you look over the the last eight months not one time has from one month to the other has inflation dropped by more than 0.6 percent and right now the consensus is a 0.8 percent drop so i thought that was that was kind of odd i guess um for the consensus to be that far down um and i don't know if because if we miss if if let's say bitcoin drops i mean not i'm sorry not bitcoin i always got bitcoin on my mind let's say inflation drops from 6 percent to 5.5 percent which i consider pretty good um is that going to be bad for the market you think how do you think the market will react um in that scenario since the consensus is at 5.2 percent hello uh oh i think i think she might be frozen i think that we lose uh bitcoin queen here we either lost her or she's being very very still which is very impressive because i can't i can't stay that still for that long um but yeah i think i think we might have lost her there so uh let's just continue here for the moment see if we're able to get her back here um at anytime soon uh yeah i don't i don't hear her or see her at all so let me uh let me see if i can join back up real quick and see if if that fixes the issue if not we'll just continue here um yes i don't know what's going on join video call i don't know we'll leave it there see what happens if if she's able to hop back on um so yeah so so that's kind of what i've been thinking about and it's kind of important because if we go back let me pull up this right here this chart so if we go back right and we're looking here we're looking at the last three months when we've had during the week of the inflation data um and looking at this you can see that back in january we had a run up of 23.85 percent basically 24 percent run up throughout that week of the cpa cpi data um in february we had a run up of 14 percent and then last month in march we had a run up of 25 percent so um because of that the average between those is about 21 percent move up if we kind of you know use that average and say okay we're gonna run up this week 21 percent we're talking about bitcoin hitting 34 000 um over this week um and that that would be the average there from the last three months so um that's why i'm i'm thinking you know with they they've made the they've made that drop so big i don't know if we're gonna hit it but i i'm i still feel like even if like let's say it came up came out at 5.5 percent i think that would still be somewhat bullish i think if we hit 5.2 percent that will be extremely bullish so um that's that's currently what i'm watching there um my thoughts on it i will definitely be looking to play it as far as trades um you know i'll be setting up some trades and we'll talk a little bit more about that uh towards the end of this video when we do a um an analysis there i think we got the bitcoin queen back are you back yeah yeah you're like talking and then like i don't know like my discord crash and i was like oh man yeah it's all good it's all good now i had i had asked you a question and then you just you were just frozen so that was just frozen gone yeah what's the question talk to me all right no so so um i was explaining that um the consensus for the uh the inflation right now is that 5.2 percent uh and last month we came in at 6 percent over the last eight months where you know we've had eight months in a row where inflation has gone down and over the eight months not one time has you know from one month to the other has the inflation dropped by more than 0.6 percent so so um right now the the consensus is that we're going to drop 0.8 percent so if we drop let's say that the report comes out and inflation falls not to 5.2 which is what's the consensus is but let's say it falls to 5.5 right a 5 percent drop how do you think the market will react in that scenario 5 percent i don't first of all i don't see it um there's so there's things that um it's like it's like what is inflation dropping in this market and what does that mean per se um everything right now i think is reacting to the previous uh two to three months of um increases in price in um prices and inflation in general um i think we're still seeing effects from these previous months now come into the consumer market uh so i went to the store last week for example and um i like to buy this soap it's called dr bonner's and usually buy it for like 12 13 dollars because i buy it in bulk and it's been a while since i bought it so i went and i go buy it uh i target its price at 17 dollars in change now that wasn't the actual price in store the actual price in store was 1599 but this is what they're planning to price it at because they updated all their uh sk and skus um all their skus and um yeah we're starting to see that be priced into the market now um gas also going back up uh there's a lot of like actual consumer goods that are becoming more expensive um as we speak and i think that the market is not the market's going to react um you know outside of like actual consumers and uh you know people that spend uh an everyday life uh versus things like the stock market um treasury and bonds obviously are shot nobody's doing anything with those right now banks are obviously facing those issues as we speak especially those smaller banks so i think i think for what what's going to happen is they're going to try to i guess they're going to try to leverage these larger banks um which really benefit from some of these programs that they're putting into place now to uh kind of create some kind of stimulus um and we're also seeing what's going on with like fed now i haven't heard anything about them doing any test trials or giving away uh any free you know cpdc money um to kind of like try to push that initiative um which is something we saw happen with china uh things are kind of just going like sideways people are spending less naturally um they're they're just not doing as much right now and i think even though they say like hey inflation is less from a consumer perspective it's it's not um and from a financial perspective most people think that we are underwater and we are facing a financial crisis and we are under recession and in the upcoming months um this is why you know the idea of bitcoin running very very high uh kubescan pushed around um you know after we we heard of belogi said of like oh bitcoin's going to hit nine a million dollars in 90 days most people don't think that um but most people do think that bitcoin's going to hit million dollars or at least surge in the next uh within the next year very high um i have been seeing reports of you know multiple millions and all the cryptocurrencies you know i i've been seeing so many reports across the board um kind of pushing this idea so yeah i think we kind of just need to hang tight because these numbers that the fed is reflecting even though they're saying like you know everything's okay in the past we've seen where they say like hey things are okay and they're really not that's kind of wrong that they're where they are on the brink of collapsing and they're trying to basically not put everything one in a panic to cause bank runs and things like that so yeah those those numbers to me they're they're kind of just like i don't know uh gimmicks for the consumers to you know east panic in my opinion yeah a hundred percent and and you know you know how the government works they're always going to manipulate everything to fit their agenda and to you know they're gonna let us see what they want us to see not you know what might actually be going on in the market we're using that they've changed the um the definition of a recession in the official like white house uh what was it the white house website or whatever they changed the definition of it and everything so i just i think they can they can say no we're not in a recession you know so um yeah there's actually um there's there's been more um people uh allocated to the iris so the iris just got a grant for or allocated 80 billion dollars over the next 10 years to basically up their staff uh up their collection of taxes answer more questions during tax season apparently approximately 600 billion dollars is not clear is not collected by the rar as yearly and i mean they're basically trying to crack down on that and definitely crack down on all the crypto grows because i mean we see what's happening um we saw when we went off the gold standard and you know everyone's trying to say like hey you know give us our gold give us your gold uh we're gonna devalue the dollar you shouldn't have anything else to back on it i think that's the same thing that's happening with crypto right now they're like having a war on it you know you can't do anything in crypto you companies one of the things that i did see in the news is actually um finance us is having a really hard time right now finding a banking partner it's really really hard to be a crypto company these days and get banked because they shut down signature silver gate is gone um spv is gone and a lot of those smaller banks smaller the advantage to having smaller banks is that um they like to cover the jurisdictions that regional and national banks don't right so we have these big players like wall squargo and city and all these in between but they follow very strict guidelines and most of those banks do not like crypto companies and do not mess with them because of a regulatory standpoint even though a bank like jp jp morgan has its own private blockchain and its own coin that they use within their cut within their customer base uh however these smaller banks like spb like silver gate like signature bank they were more personalized to the communities and they were able to operate under different jurisdictions um based off location and local rules and all this other stuff so it kind of they kind of like work around um these like certain sectors where banking is like forbidden like the cannabis sector or you know the things like that cannabis crypto all these sectors where crypto is kind or i mean money and banking is a very gray area and they would kind of like work with these brands and these people and we're kind of seeing the collapse of that um because the dollars weakening they need to retain people in it they need to push this cvdc and they need to uh lessen the avenues of getting onboarded onto alternative assets because they need to retain money in theirs yep yeah 100 percent agreed and uh actually when i when i started my my company uh as lc i had a big point in the name so when i went to try to open up a bank account it was it was it was i had to jump into so many hoops and then finally i was able to convince the bank that i didn't buy and sell big point that it was just uh a name based on that i was doing advertising like i was doing social media advertising and uh that i had an online store basically that i collected cash yeah and i was the only way i had to like sign papers and everything like those those crazy was the only way that i was able to open up a bank account um so yeah open up yeah open up a bank account do not put anything about big point or cryptocurrencies in the name of your company because it's going to be very very difficult to open up bank account i imagine now it's more difficult than before this i know i did this six seven years ago so i imagine now it's going to be even stricter than before but um but yeah so uh so yeah so that's that's what we're expecting what we're looking forward to this week on as far as wednesday for the um the inflation rates uh so we'll be looking at that i'm going to be showing you guys exactly what i'm looking at as far as how to play it um when wednesday comes around when that data comes out um so let's go into the next thing the next thing is the fomc minutes so um this right here this is going to be happening also on april 12th wednesday at 2 p.m eastern standard time now what the fomc minutes is is basically a summary of the meeting that they had three weeks ago when they made the decision on uh hiking interest rates um and basically they're they're explaining how they you know what the discussions were and that meeting and how they came to the decision and why they decided to hike interest rates and then um and then the probably there's some sort of Q and A or whatever i think i'm not sure um wait i don't know if anyone from the fed is going to be speaking you know not anyone from the fed's going to be speaking or is it just a summary that comes out i think it's just a summary that comes out um i don't think the fed is set to speak i think they have a lot of stuff that they can hash out they shouldn't be speaking yeah yeah yeah yeah yeah so it's just a summary that comes out um basically outlining everything that was coming so minutes alone it doesn't bring a bunch of volatility itself but it could have some sort impact on the market depending how that you know how that meeting went with the discussions were you know and and how it comes out as far as you know what they're thinking what you know so it kind of shows their stance and it gives a little bit of clarity on where they might be going in the future with uh with the uh hiking interest rates so that's something that we're gonna be watching as well on Wednesday and the last and final thing we're gonna be watching on Wednesday is the ethereum shepala upgrade um so what what do you think is gonna happen with that because i've heard a lot of rumors from you know some people saying ethereum's going to you know there's gonna be a huge price dump um and i've heard the other side of the coin which is you know one um more over 50 percent of people that have theorem state are in a loss right now um number two is um less than 50 percent of all ethereum is actually state you know if you compare it to competitors uh there's you know 60 percent above usually of the coins are state and then the last thing is that uh they're gonna be rolling this out in faith so it's not just gonna be like all right at one o'clock everything's out you know and everybody at the same time to just sell their point you know it's gonna be rolling out in phases uh for network security reasons and things like that so that should also prevent a big i what i think you know price dump um and if everyone let's say everyone did decide to sell their coins as soon as it was um you know that upgrade happened uh what do you think is gonna happen uh with this upgrade um yeah i think this is this is but you know pretty much what everyone's been waiting for at this rate for this creative finally happened because it's also does mark um the full separation away from ethereum and po w uh which you know in the future we'll see what that holds because you know that ethereum has been on po w for a long time and that definitely promoted to centralization now we're going into uh something that's going to probably centralize the chain even though it's gotten so large and it's spanned out in so many places but you know the stakers as long as they keep getting those incentives and everyone also isn't that you know gets a little sticky but um i think overall what's the interesting thing to me is um the issues that some people might have with their keys and some of these validators from what i read um there's a lot of people thinking that it's going to impose some security risk uh it's good that they did make that roll out so that everybody just doesn't unstake and sell even though i doubt that was gonna happen anyways there would have definitely been a good amount of validators that would have just kept their coins where they are because they're staking for the long term um i think that overall it's it's it's good for the ethereum community um people are saying that this is going to be a non-event which means that there really shouldn't be any price action movement um or any volatility in the market because of this happening but we'll see in the upcoming days uh i think that this is this is pretty much what should have happened months ago um before the whole thing launched they probably should have figured you know things like as such out but you know now that's finally happening it's great yeah hundred percent yeah that's that's kind of what i'm thinking to you know i think it's going to be a non-event um i think if anything is it might be bullish uh post you know post the upgrade so um let's see what happens with that um all right so that that's basically the main things that are going to be happening this week which are three big things that can lead to a lot of volatility i know for sure cpi data is going to lead to volatility always brings a lot of volatility into the market throughout the week um fomc meeting not too much if the ethereum upgrade maybe we don't know right so um that that one's kind of up in the air is something that we just got to keep an eye on we just got to watch but i but you know regardless is going to be volatility due to the cpi data so be prepared regardless for volatility this week um as far as news goes not too much is going on in the world of cryptos there was a few hacks you know for a few million dollars and on a few different exchanges but i think that's something that happens literally all the time um and it was nothing major yeah it was nothing i think the only thing that i saw that maybe like worth highlighting is um coinbase is thinking of integrating the lightning network which is cool in bitcoin land um a lot you know a lot of people are bullish on lightning and using lightning because it is uh faster and cheaper although it really doesn't take too long to uh move bitcoin around these days if you just pay a reasonable amount of fees but fees have been going up on the bitcoin network um and i think it has a lot to do with ordinals actually um a lot of bloatware on the chain youth days with that kind of stuff but uh other than that yeah just just the hacks and um some more info about the ripple lawsuits and you know people's opinions and stuff i think uh as the week kind of develops we we we see things happen towards the middle of the week these days so uh maybe next week we'll have some more interesting stuff for you yeah for sure so um let's go ahead and and take a look at uh let's do the bitcoin and price analysis let's take a look at where the market is what we can maybe expect uh throughout this week and how i'm going to be playing um the price of bitcoin how i'm going to be trading so uh let's go ahead and dive right into that part um so the first this chart here that we're going to be looking that we're looking at right now is uh the chart that i just showed you recently this is hopefully every week during cpi data um and uh it's been an average each move has been an average of about 21 percent each week right throughout the week of the cpi data release so if we were to see that average play out again that means that bitcoin could hit upwards to 30 upwards of 34 000 so um that's that's a pretty big deal right there if we take a look at our chart right now and uh this is pointing out some of the resistances and stuff you'll see that uh around here 34 000 so i have the next big resistance level up around 36 000 but that's really closer to to that 34 range that um that we can potentially see now uh let's look at the weekly close to see how that went you can see that not much happened uh in the last three weeks not much has happened right it feels like the price ever since this um well ever since we got the cpi data last time last month that we had a runoff of 26 percent uh it's kind of price has just kind of been consolidating here in this range kind of waiting between it's been anywhere between 29 000 all the way down to about 26 000 is the range where it's been for the last three weeks and right now we're at that top of that range you can see that we're currently sitting at 29 229 um but guess what we're still at a resistance level this is a big resistance level here um if we look back you can see that before we had the big fall it was a big support there uh once again back in 2021 this was a huge support area and once again when we did one for the first time we broke through this area after we broke above it we came back and used it as a support so uh because of that we've tested it so many times it's going to be a big resistance area so that's currently where we're at now in order to break above this we will need a big catalyst the cpi the cpi data is definitely can be that big catalyst that we're that we're missing that we haven't had over the last three weeks that could push the price beyond this resistance and um and i think if we break above this resistance so next the next level i'm looking for honestly is not even 34 000 at that point i'm looking probably at 36 000 that's where my next major resistance level is because if we look back you can see uh where it played a huge role right here as a support you can see it played not only a role as a support here but as a resistance here when we fell below it and again up here it played a role as a support and resistance again so that's going to be the next major level that i'm watching but on the way up there are going to be some minor resistances at 32 000 there's going to be a minor resistance there you can see it's played a role a few times back here as well uh so we should see that play as a resistance um and after that i think pretty much 36 000 is is that really that next big number let's see if we bring up the volume profiles here if they show us anything uh different we can see as we break here this is remember um a few weeks ago we're talking about the volume falling off dropping off above 25 000 and that i thought that if we broke above 25 000 we would probably run up to around that 28 to 30 000 range and guess what happened we're at we broke above 25 000 and we're currently sitting between that 28 to 30 000 range which is exactly where the volume starts to pick up again you can see that these volume bars they start to pick up again so that's exactly what we're watching uh we're running into this right now and once we break above this you can see that the next bar of volume that really sticks out is that 32 000 area after that is going to be the one that sticks out the most is going to be up here between 34 all the way to 36 38 000 so that's going to be the next ranges that we're really looking at if we break above this resistance level here um which we were you know depending what happens this week it might happen right and a lot of people were asking for a retracement and and i've even called for a pullback um several for the last two weeks because of a few different things right we have the cme gap uh let me see if i if i could pull it up here the cme gap that's currently sitting at 20 000 right so let me take the volume profiles off real quick so we have this cme gap sitting at 20 000 um and you know there's been people calling for for that gap to to potentially get filled and it we saw it happen back here right so recently we just filled one of the cme gaps back here but it did take six weeks in order to do so so right now we do have a gap and it's been it's been three weeks so we're on our fourth week and depending what happens with cpi data this week you know we might inch out like go out even further from this gap now there is to the upside we do also have another gap here and that's sitting at 36 000 so that could be another potential gap that we hit there um if we instead of breaking down we break to the upside so that's something that we're watching uh as far as for a cme gap to the downside and see get cme gap to the upside um let me see other things that we're watching here let's let's go into the daily chart here and we can see pretty clearly here where exactly our resistance is um 28 000 and 30 000 dollars is going to be that big range of resistance um and in our support to the downside if we were to break down we have a minor support sitting around 27 000 you can see it's held that level there it's held the price there as it's consolidated um if we were to break below that we I would imagine that we fall back down into this level here which is around 25 000 dollars and that's what a lot of people been calling for really because if we pull up here the rsi relative strength index um we can see that there has been if we grab our trend line indicator here um there is a bearish divergence so what exactly is a bearish divergence is when the price is setting up higher highs and going higher higher higher but the momentum or the strength the relative the relative strength index is setting up lower highs and lower lows so that's currently something that we've been watching usually when there's some a divergence like this where price is going up but momentum's going down it doesn't mean um that we're going to pull back 100 percent of the time but it usually is some sort of warning meaning that something is going to change right something's changing in the market um and that's why usually we get some sort of pullback at that point however you know news and catalysts can always break these technical uh you know things that can happen within the chart so that's just you know it's an idea but again you know um other things can can move the market in a in the opposite direction of it so um though just the the main things I think that we're watching I've showed you guys last week the inverse head and shoulders that's a bullish pattern that we're also watching we we've also set up higher highs higher lows on the um on the weekly time frame so those are those are the bullish scenarios and then now we have the cpi data which every every every week that we've had it over the last three months has has made bitcoin move up 21 percent on average so that's going to be something that we're watching as well um now let's talk about how I'm going to be personally playing it this week so um basically I at this point I'm still going to be short um in resistance below $30,000 doesn't mean that I want to open uh short positions necessarily I I want to probably I'm currently in a short to to be transparent I opened up a short at 29,000 um and and if we move down even a little bit I'm probably taking profits because I I probably want to close my positions before Wednesday um and if we if we flip $30,000 I'm also closing my position so right now my my stop is at 30,000 above 30,000 if we close above it I'm I'm flipping now I'm not only closing my short position but I'm probably flipping into a long position at that point because my target at that point is going to be 32k and potentially even higher over the coming weeks um so that's currently where I'm at right now the way um I play if I had no positions open is the same kind of similar above 30k I want to open up a long position with a target being 32,000 um below 30k I'm probably still going to be looking to close to short um but I would if you don't have a position open right now I would probably wait for Wednesday to see let let let this pick a direction right right now we're consolidating so even though you can make some money if you're if you pick the right direction right now um it's you're not going to make much money during consolidation so it's it's better to let the price pick a direction and then you know use use that as a breakout entry right so above 30,000 would be a breakout entry to the upside um and probably below 28,000 would be a breakout entry to the downside so you can probably set up orders in both of those directions above 30 below 28 and potentially catch a breakout um you know depending which way bitcoin ends up going now again I think since they've continued to raise the interest rates I think inflation does come down again this this month I think we do get a ninth straight month of inflation going down I just don't know where you know if it's going to be what they're what the consensus is 5.2 percent um my fear with that is that if it comes higher than 5.2 percent how is the market going to react right um because a lot of times whatever the consensus is is what the market starts to price in within the prices so that's currently one thing that I'm watching and it's the reason why my positions I'm keeping them very small until Wednesday once that data comes out then we'll start looking for for some breakouts um to the upside or downside but that's that's why I'm being cautious right now right now it's time to be cautious there's going to be a lot of volatility come into the market so um I also recommend you know if you're opening up any trades be cautious and uh size down you know don't be greedy you know I I know it happens to all of us it happens to me as well but try to size down keep your risk low and uh and wait to see what happens on Wednesday and then you know play in that in that direction um either in the direction of whatever comes out on Wednesday or if you if you think that it's overstretched then maybe you might have a shot at shorting it at some point as well so um that's pretty much what I'm going to be personally watching here and how I'm going to be playing it um but yeah I think that's pretty much covers you know the analysis what what I wanted to cover now we're going to go into some q and a if you guys have any questions about anything that we've covered so far in today's live stream drop it in the comments and we'll be more than happy to answer some questions for you guys um I'm gonna take a break to drink some water so I'm gonna pass it over to the queen over here what do you think on that analysis while I drink some water real quick oh I think bitcoin to the moon um yeah and I think it was it was fairly good I think taking it slow right now is definitely going to be important um we've seen two things um we're we're seeing where we can you know go into the art point market um but we're also seeing where uh the fed with what they're doing kind of going back and forth um just in general with everything that they're trying to do to one combat inflation and to somehow keep all the banks from going underwater uh it's definitely will affect the market it is going to drain money out of the market because uh what a lot of people do when they invest money on the market it's a lot of borrowed money especially within the stock market for the most part um a lot of foreign investors use this where they buy property and they take a loan against it if interest rates are very high it doesn't make too much sense for them to do that and then they invest it into the stock market etc so a lot of those things will affect whether or not people are investing how much they're investing um and how much you know things are kind of moving overall because they'd rather put their you know money and uh more more safer assets because if if the stock market is moving relatively slow then you know I can be problematic um we've seen a lot of things you know like the bank stocks kind of just plummet overall tech stocks are also very slow um and that's mostly because of what's happened um you know with the SBB and a couple of the others um there's actually a call on scams for tech right now interestingly enough um and I mean we've seen a lot of things go sideways with tech companies uh just you know from Cambridge Analytica all the way down the line we've seen we've seen a lot of sideways actions with tech companies so we will see but definitely take it slow um if you are investing uh into the crypto market um this is not financial advice I'm not a financial advisor um this is just you know opinions take it slow and um yeah we'll see in the upcoming days definitely dollar cost average in until there is a full fledged bull signal and at that point in time you know got to be 100 percent um so I don't see any questions in the comments I do have a few questions from um Instagram I did a live Q&A yesterday uh on Instagram um and I took some of the questions to answer them today on stream so one of one of the questions is is the bear market finished what do you think is the bear market finished no um I think that first of all we're working up to our next happening um and usually for out of the four year mark after we get out of the bear market or I'm sorry wait a second back up back up back up um I think we are on the tail end of the bear market and we are transitioning to the bull market my brain was processing bull market versus bear market uh I think the bear market is definitely on its way out um there are yeah a lot of coins that are happening this year um and the following uh year um like bitcoin uh like nervous ckb uh handshake so anything that's like running on proof of work there's a lot of like happenings coming up for these tokens right that's one um two we are on the last quarter of the um pre bull market run um which usually means the market is starting to creep up slowly just a little bit uh we're going to see some dips um we're going to see some sideways movement with things that the fed is going to try to do to salvage and uplift the dollar uh we've seen you know multiple attacks on crypto um last bull run was really triggered by covid covid really triggered that last bull run hard um this bull run might really be triggered by current events that are happening within our market um whether it's you know things going underwater financially for the us or uh the idea of you know reserve currency law status whatever it is these things um are trigger effects for people to seek safe havens and I think that's what we're starting to see already um so I think for the most part uh like I said probably dollar cost averaging in until you see that full you know bear bear sit big bear signal dead bull market go um is probably the best way to play it because we are we are on that back end where things start to creep up slowly um before we can have a full takeoff but we still haven't halved for bitcoin and usually a year from the happening is when like something happens um so technically we aren't close but because of current events that may trigger it yeah so I'm I'm kind of in this in a similar uh thing with you um you know as far as is a bear market finished I think we're still again like we're we're probably like it like all right if you rephrase the question is the bottom in I believe the bottom for bitcoin is in um for for for this bear market right and I think that this is the beginning of the next what leads to to the bull market I don't think we're in the bull market yet but I think we're in the beginning stage of what of what leads to it you know if we look at the weekly charts we're already showing higher highs and higher lows on the weekly chart for the first time since the the last time that we hit all-time highs um and then the time that we did that before that was when we were getting out the same thing kind of getting out of a bear market into the the next bull run um then when you take into account uh you know we're currently on the year the pre halving year right historically the year of pre halving has been the beginning of the bull market um you know the year of the halving has been when the bull market really picked up and then the post the year after the halving has been when it's really like hit that all-time high so for I'm thinking the next three years probably unless something crazy happens that's out of our control right that's that impacts the entire world you know uh something macro economic that happens uh black swan events some things like that uh other than that you know if we stay on pace where we're at right now I think we do have you know bitcoin is does end to see your green um and the next two years green so we'll have three years green uh probably that's historically what happens with bitcoin so I think we're in that first year not saying that's going to be crazy that we're gonna that we're in a bear a bull market yet or anything like that but I think this is a green year for bitcoin we do end green potentially higher than we're at than what we're at right now because my honestly at the beginning of the year my um my numbers for bitcoin towards the end of year was in the 30 000 range and we're basically already about to hit 30 000 dollars and we're only four months in so um so who knows what's going to happen throughout the rest of the year but I think we do end up green for the year and uh and next year is really weren't when I think you know things really can begin to pick up all right um the next question is um we kind of uh we kind of already spoke about this what's your thoughts on on eth after the Shanghai event I think we already covered that um let me see they somebody asked about matik they wanted to know uh what's your prediction for matik in the next bull run um do you hold any matik and are you bullish on it uh personally I kind of I actually got rid of my matik a long time ago um I don't know I've always been kind of like iffy around um uh polygon and a lot of these um side change slash like layer twos um that exists upon ethereum um we've seen I think I feel like Arbitrum came and went out of all the layers that existed on ethereum um I think Arbitrum was my favorite um there's actually a huge controversy right now after they did their airdrop and pretty much what's happened um with their governance and the money that was allocated uh after you know whatever vote and people were trying to like overthrow the governance now um so yeah I uh I think matik is cool um I think the I there's there's been a lot of good partnerships that polygon has pushed recently but for me I think that um I probably will will not be investing into matik um what is it that I saw that they had something that was pretty cool um they they somebody there was there was some big company that like built on top of um matik using their layer but I don't remember exactly what it was but they they do have a lot of cool stuff going um personally for me I I pass on it but um yeah I think it should work fairly well along with everything else um and that's really dependent on its I guess one distribution market cap and um how much the team holds um and whether or not that affects dumping onto the market yeah um yeah I I think I do personally have matik and you know like I've covered a lot before I I like you know layer ones layer twos you know all these side chains I'm pretty bullish on them um because because I know that once once this bull market really comes you know all of these things are gonna are just gonna go up um what's that saying a rising tide lifts all boats right um so so all all of these things are also gonna go up um so I am pretty bullish on them now I I do take you know it's not like I'm putting a bunch of my my capital into them but um it's they're kind of like you know uh I'm I'm diversifying my portfolio into a lot of L ones and L twos um some are gonna hit some are not you know but though usually the ones that hit will outperform and and make up for you know the ones that don't hit so layer ones layer twos um are are basically like 25% of my portfolio not counting you know uh things like like ethereum and and stuff like that so um yeah I I'm pretty bullish on it how how do I what do I think it's gonna do you know that's that's I don't know you know currently it's like a dollar is there a potential for it to 10x yes there's definitely that potential for it to go to $10 I could see that scenario especially if it stays within a top 10 top 25 coin I think 100% it could it could you know 10x at that point but we don't really know uh that's just kind of a a guesstimate of what it could potentially do um you know it might it might not go anywhere at the same time um so you gotta you gotta kind of you know adjust depending on your risk tolerance you know and kind of have this scenario okay what if this doesn't work out uh throughout the next bull run you know where would you be like how will it affect you and kind of assess your risk right you want to mitigate risk as much as possible by diversifying so that's why I diversify a lot I have my main portfolio my main holdings that are gonna be like bitcoin ethereum right then after that that's like half of my portfolio and then after that then I start diversifying into smaller and smaller portions so um and uh I think that's pretty much I think well one person asks what's what's a CME gap a CME gap just to kind of break it down really easily is is basically the Chicago mercantile exchange is what the CME stands for and basically what that is is an exchange where futures is traded right um so there is a bitcoin future on that in that market right so the thing with the futures market is that it's closed on weekends while bitcoin and cryptocurrency is open 24 seven and 365 days a year so what happens on Friday at I think I want to say is a six o'clock I think six o'clock some some somewhere around those lines um the futures market closes right so that means whatever price bitcoin was at that's where it stops let's say bitcoin's price was at uh 26 000 or actually 20 000 because it's actually something that happened recently so let's say bitcoin's price on Friday closed at 6 p.m eastern standard time at 20 000 and then what happens after 6 p.m the crypto market's still open so the price can still move and so let's say after the after 6 p.m closed then you know Friday saturday sunday price bitcoin's price went up to you know 25 000 or something just to make up a number for that for that one um what what happens on monday morning or actually sunday afternoon so it uh futures market opens up up again uh sunday afternoons so sunday afternoons when the market opens up again now there's a gap from friday 20 000 when they closed and sunday afternoon when they opened up again let's say bitcoin's price was at like 25 000 a five thousand dollar gap so um that's basically what it is the reason it's important is because a lot of traders put a lot of faith and belief into it you know and and when they see a gap they say okay this gap is going to be filled uh eventually so they expect basically a price retrace so uh that's kind of what we've been seeing if we pull up the chart here really quickly um we have this gap here so if we look at this exactly like i showed you guys the price of bitcoin closed at 19 965 sunday afternoon it opened at 21 250 so there's it created that gap between the close and the open so that's what a cme gap is um and you know a lot of people are expecting bitcoin's price to drop back down into the encloses gap basically is what what it means because if we go back over here we can see that this exact same thing happened here this was the close on friday this was the open on sunday there was this gap bitcoin's price kept going up kept going up but what happened eventually it fell down and guess what what happened on this on this poll back here it closed that gap it filled the gap right so people are expecting something similar like that to happen again where you know price might be going up but eventually they're expecting a drop back down to this 20 000 range basically um so that's kind of what a cme gap is and why it's somewhat important because it doesn't always get filled but when it but sometimes it does and and it's important because a lot of traders and people put belief in it and they believe that the price is going to do that so if enough people believe in an idea that idea you know can become possible and can can become reality right um but i i think that's pretty much it do you have any final thoughts on uh this week no i think i think you're right i think it's just about it there's nothing um nothing to remind just gotta wait to see what comes out this week uh what comes uh the potential um events that will bring volatility to market and maybe there'll be juice your stuff in this week that we can report on next week and talk about um but for the most part i like i like calm wakes it um makes makes my life easier yeah for sure um my final thoughts are prepared for wednesday you guys i expect a lot of movement volatility we don't really know which directions but if the last three months gives us any hint is that the price of bitcoin is gonna go up so um we'll see how that plays out um this is not financial advice this is just you know my opinion our opinions and our ideas and you know based on our experience in the market and looking back in history what things have done and how they performed but as we all know um previous performance doesn't mean anything in the future um and if there's anything that's certain in crypto and bitcoin is uncertain so um that's kind of what i'm gonna leave you guys with uh we'll do this again next week hopefully we can have a bitcoin queen here again next week uh and and once again thank you for taking out time bitcoin queen for joining me today of course and uh hopefully i'll see you next week and hopefully i see all you guys next week so um good luck today good luck this week remember be safe out there as always peace and love