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URGENT Bitcoin BULL TRAP Warning! (Ethereum Imminent Move to $9k) - YouTube
Channel: BitBoy Crypto
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welcome to bitboy crypto home of the bit
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make sure to hit that subscribe button
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all right guys today we're going to be
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doing a brief video for a sunday drive
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morning special where i drive to church
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to tell you what's going on in the world
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of crypto as mentioned yesterday i'm
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going to be talking about bitcoin
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ethereum intel bear traps bull traps the
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whole nine yards really just bull traps
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so let's let's talk about this first
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bitcoin is dipping a little bit
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and a lot of the bears are saying that
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uh we've just experienced a bull trap so
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what is a bull trap
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this is where the momentum begins to
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swing back up and people get excited
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they start foam mowing back in only to
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have the legs cut out from under them
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when the price comes tumbling down and
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it does not set new all-time highs it's
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basically just a fake pump so you know
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richard hart says he thinks that's
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what's going on there's plenty of other
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people on twitter i saw some real
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bearish guy on twitter i'd never heard
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of that has like 20 000 followers who's
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telling his people it's a bear trap now
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here's what i want you to notice about
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the bear trap people the bear trap
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people excuse me the bull trap it's a
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bull trap a bear trap would be the
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opposite a bear trap would be where uh
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you know it looks like the price is
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gonna crash down further but it it
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doesn't it bounces and goes back up the
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people that are talking about a bull
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trap they continually push the goal post
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so it was like hey thirty four thousand
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dollars that's a bull trap uh when they
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hit 37 that's a bull trap when they hit
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40 that's a bull trap they're going to
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say this all the way up to new all-time
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highs i mean that's just what they're
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going to do when we hit new all-time
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highs then eventually it's going to go
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back down and they'll be like so you
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told you it was going to drop that's
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kind of how these people operate they're
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they're not
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uh the the bears the bitcoin bears
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they're not the smartest people in my
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opinion i mean look at the history of
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bitcoin
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so the question is are we in one now a
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lot of people are looking back
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at 2017 well actually 2018 and saying
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that what we got in february of 2018
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was actually the uh you know uh
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the bull trap and that's when things
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drop down dead cap balance whatever you
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want to call it
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we did see that but the timing is off
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the the difference between what happened
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in 2018 and what we're seeing now
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is that in 2017 for bitcoin and in 2018
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for ethereum and all coins
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we got blow off tops
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that's what defines these bitcoin bull
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runs you get a blow off top you don't
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have a rounded curve
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at the top
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this is the difference we will get price
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action going back down at some point
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there will be a bear market but we're
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not there right now their timelines are
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wrong and that's what i keep telling you
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about a lot of these people
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it's not that they're
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wrong it's not that there's not
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credibility to what they're saying
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they've got plenty of charts to look
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back and be able to show you they're
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like hey see what's going on here this
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could possibly be the same thing
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it's just that their timelines are wrong
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because these people are not very well
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researched on the bitcoin cycles or
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they're either a person that says the
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bitcoin cycles are over and you know
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we're gonna be proven right here in a
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few months and you know uh throughout
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the bear market you know there will be
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people that can look back and say hey
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this guy i knew what he was talking
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about he told us for
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two years almost what was coming
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actually almost exactly two years from
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january to last year until uh december
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of this year
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that's pretty much when i've been saying
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the way that all this was going to occur
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and it's pretty much mimicking that with
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the exception of the two months that we
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had
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you know sucked out of this bull run
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from the manipulation so bitcoin right
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now coming in under 46 000
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what does this mean should we be
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concerned should we be scared and the
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answer that question is no but this is
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what i do want to tell you guys about
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bitcoin which is
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when you look
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at the 47 000 to 50 000
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range
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it is a very
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tough
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range right now there's no question
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about it there are massive amounts of
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sell orders following between these
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numbers
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which if you're looking to take along if
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you're looking to leverage trade or take
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a loan
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you want to be looking really above 50
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000 because as soon as we cross over
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that 50 000 barrier
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it's very likely we're going to go up
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very quickly but getting between getting
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above this 50 000. i told you guys last
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week the video i recorded from
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disneyland i wouldn't be surprised that
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by the end of this week bitcoin was over
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50 000. well we got basically to 48k we
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got very very close
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but we weren't able to get above it
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because this is just a very very
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tough tight range with a lot of sell
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orders
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but
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the people that are wanting to move the
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prices up the big money the the insiders
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the whales the ones that are wanting to
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push the prices up they've been doing
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experiments but then i know this you
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guys know i know this i i know they're
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doing it between 47 48k they're
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basically doing price experiments that's
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why you when you see bitcoin go up
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it's very dramatic it's been going up
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like a thousand dollars in 10 minutes
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and then it'll just subside and then
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it'll come back down they're testing the
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liquidity they're testing the sentiment
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and what we're seeing now is when they
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test and they pierce those numbers the
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retail sentiment alone right now
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is not enough to get it above 50k so
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they're gonna have to keep at it and
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keep pushing and keep pushing but when
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this breaks out it will be breaking out
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huge to the upside now for ethereum read
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a very interesting article talking about
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ethereum now if you notice has been
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stuck in sideways action for a while
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however we're getting a lot of burning
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going on which is a good thing we want
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this ethereum burning to continue
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ticking away at the new supply coming in
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but i read an interesting article about
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a lot of traders that are extremely
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bullish on ethereum right now and with
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bitcoin it's somewhere near where i
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would probably be considered a local
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bottom right now below 46 000 it could
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go lower but i feel pretty good at this
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number if i were looking to take along i
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might think about doing it at this
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number a short term long you know try to
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try to get a thousand two thousand
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dollar
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increase in the price and cashing in
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uh about fifty thousand dollars you
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would consider taking maybe a longer
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long a longer timeframe
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but with where i consider bitcoin to be
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kind of a local bottom right now
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uh what's very interesting is ethereum
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is still holding tough where it is it's
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over the rest of the altcoins they're in
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between 31 and 32 000 i think at the
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time of this recording somewhere around
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there in that range uh where's the
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upside where can this thing go to well
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it's gonna have to break out at some
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point
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when bitcoin starts to gain a little
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momentum
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i think we're gonna see ethereum
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absolutely explode a new number i'm
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hearing from a lot of traders uh is a
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quick move to nine thousand dollars over
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the next month so is that true is that
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not true could we see ethereum basically
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triple in price some people call dip
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1559 the the triple halving
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uh you know very interesting stuff
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so i'm not 100 sure if we'll see that in
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the next month uh but i do like nine
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thousand dollars for a target for
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ethereum in the next three months
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hopefully a little bit higher than that
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maybe even uh ten thousand dollars or so
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uh you know somewhere in that range but
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it's very exciting to see ethereum
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holding so tough because look right now
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ethereum is just it's taking a breather
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ethereum
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is breathing right now and when it gets
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ready to rip is going to rip absolutely
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massive
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last story i want to touch on is intel
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now if you didn't know uh intel just
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announced they're you know going to be
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oh they own a bunch of bitcoin they're
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going to be moving more towards the
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bitcoin world of course they make
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computer chips uh all kinds of different
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technologies but uh here's what is
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significant about this
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you guys know digital currency group
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i've been telling you for a while there
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are some backers some hong kong tycoons
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if you will uh involved with the ccp who
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are involved with digital currency group
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in fact you can kind of go back to the
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beginning and see
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they actually basically made barry
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silbert uh the barry slimebert as i like
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to call him who by the way also came out
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all right now he's in on the plan for
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bitcoin to go to a hundred thousand he
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came out there was an article today
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where he was quoted saying he sees
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bitcoin going to a hundred thousand
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dollars this year a big surprise
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it's funny when i know more than barry
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but uh the point here is is that intel
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has uh has a a habit has a pattern of
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following after
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uh
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where these hong kong tycoons put their
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money and obviously as they are putting
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money into
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digital currency group they're putting
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money into bitcoin i think intel is a
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company to watch because they are trying
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to get closer involved with the
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financial cartel the question is why
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what is the end game from intel i don't
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think these stories coming out about
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intel right now or just face value i i
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don't think it's hey they own bitcoin
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cool that's it that's the end of the
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story i think we're going to see intel
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begin to play a bigger role in the
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technology of blockchain i want to know
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what you guys think it's big news intel
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being involved
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but i think it's even bigger than most
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people know because i think this is a
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sign
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of things to come with intel and
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blockchain technology so let me know
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what you guys think drop those comments
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down below let me know where you think
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bitcoin is going let me know where you
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think ethereum is going are you happy
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with the coronado and xrp bumps let me
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know down below in the comments that's
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all i got blessed good way out
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