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Also we do have a massive event happening today for ethereum so how is this going to affect the ethereum price guys we do have some Clues as to what to expect moving into the next few hours today where you are gonna see some crazy volatility and you need to be prepared Because most people are not going to be prepared for this and most people are going to get wrecked so guys make sure to stick around from the beginning until the end I will give you my exact strategy I am going to utilize right now I jumped into a trade yesterday I told You about um the massive move here and how it was looking a bit tempting to jump into a little bit of a short guys today I’m gonna explain this trade I will let you know how this fits into the strategy I have with my bots so if you’re using my Bots you need to continue watching this video as well guys so make sure to stick around from the beginning Until the End Key things to talk about today welcome back everybody my name is Chris bringing you cryptocurrency videos every day teaching you how to make money in this Market if you are new to the channel then make sure to subscribe and activate the Bell right now okay guys so let’s get straight into it so key things happening on the charts here first thing is that we closed a couple of four hourly candles here above the uh red Line here and above the edge of The Orange Box however look at this the move yesterday this is why I’m cautious because the move yesterday didn’t even manage to close one full candle Above The Orange Box and above this red line so I’m still cautious here Guys I know a lot of people are telling me that I’m a Fool a lot of people are laughing at me for still being cautious here but my strategy is still the same as I’ve always been saying uh if we break through this Orange Box then I’m Absolutely happy with that and I’m happy to give up you know a couple of percent here just for us to see if we can stay above this Orange Box right here and you can see that right now we’re actually back down to The Orange Box and below the red line So we’re right below resistance but uh of course there’s a lot of things that is going to happen later on today which is going to affect this but I mean from a risk to reward standpoint being cautious right here is absolutely fine I mean you don’t have to stress I mean a Lot of people were jumping into long positions right here yesterday as we were going up here and you know right now they are at best at break even and potentially at a loss so I will wait for the same thing I’ve always been saying here to consolidate above this we Weren’t able to do that instead we drop down and now we are below this red line so we will see where this is gonna go but uh I understand that when the news comes out later on today with the inflation that is gonna entirely change this and we are either gonna break this One again or we are going to see a rejection from this red line so which one is it going to be let’s look at some Clues but first I want to talk about this resistance as well so this resistance very very key you know I’ve been talking about this and this is Right now also at the 30 200 approximately on The Daily time frame so this continues to reinforce this entire area right here even though we did see a brief pump Above This level right now we are again immediately trading below it we didn’t even manage to close one full Daily candle above this so I want to see a couple of daily candles being closed above this guys and I’m fine I mean if we see a pump here it’s gonna feel like I’m missing out by waiting for a couple of daily candles to close above this uh Red Line well that’s Fine because also remember I have my spot position I have Bitcoin which I am holding and also I do have the bot here running which is gonna take advantage of that volatility now the Bots very important updates coming for the Bots later on in this video so make sure to Stick around for that now let’s first talk about traditional markets because in order to understand the move that is about to happen in just a couple of hours we need to understand where we are at right now so for traditional markets on the four hourly candles you can see That we were trying to break through this Orange Line several times but got rejected one two three four times here May the final push here got a big rejection and now we are going sideways in fact starting to Trend down here potentially so next level of resistance sorry support for traditional Market it Is actually four thousand one hundred and ten so that is actually about 60 basis points down here that is something we need to be on the lookout for and for ethereum big things happening for ethereum today you can see that the next level of support is a 1804 So you have resistance here at 1884.so big things happening for ethereum today you do have the Shanghai plus capella upgrade happening so basically what this means is that people have been staking ethereum on the beacon chain they will be able to finally withdraw some of those ethereum so You’re gonna have a hard Fork hard Forks itself um you know they tend to do very well no problems but still a hard Fork is a hard Fork so from a technical aspect there could be you know a lot of uncertainty regarding that some people you know hard Focus is still a and you know a technical event that usually goes uh right doesn’t nothing bad happens but from a technical standpoint something could happen I mean there’s that chance that something from a technical standpoint could happen so this is why you know people have been starting to Sell off ethereum a little bit here based on some of those concerns but the main concern for this though you can see it’s happening in 59 hours the main concern is that people will be able to finally withdraw ethereum so with people we throw an ethereum could it add some Selling pressure this is something we need to be on the lookout for however the good thing here is that people have been knowing about this event for basically forever so if people were expecting us to go down based on this event well most people would have already sold basically so yeah we don’t Know guys if large amounts of ethereum is going to be unlocked maybe you’re gonna see a little bit of a downtrend here for ethereum which is very important when it comes to the bots so for the Bots guys you can see that ethereum is um yeah I mean the ethereum Bot you have to be careful because the Bots do not like straight red candles and if you see bad news come out with inflation if you see selling pressure come from the ethereum upgrade right here well that is not gonna be good for the bot and as long as you’re see and Bounces the Bots are you know gonna do fine but remember the main danger with these Bots depending on if it like no matter if it’s ethereum Bitcoin whatever bot you’re using the main danger with using these long Bots is for the price to go down in a straight line and to not Have those bounces so or have bounces at you know after it’s gone down significantly so you need to have a pretty quick bounce for these Bots this is what we are basically um ducting on with these Bots we want to have those bounces so that the Bots can Make those profits and so far so good and as always I’m gonna show you the results here on the channel but I mean if you are anticipating a huge red candle down could be a good idea to close the Bots after this drama today and then open up the Bots after so this Is not what I am going to do myself because I mean I want to show you how these are gonna perform over time so I’m not gonna do that however what I will do is add margin to this box so I’m not in danger of being liquidated so I will Keep these Bots open but if you’re using these parts you also need to be careful about if the price and this is what I’ve been saying like every single time we could see a big red candle depending on news depending on what it is I always tell you like be careful huge red Candles to the downside it’s not something these Bots like at the same time that is also when the Bots are able to make a lot of profit because they are buying positions on the way down and having huge bounces is gonna lead into them taking big profit on the way up so That’s the risk we’re taking with these Bots guys as you know I will keep you updated as always and of course if you want to uh join these Bots or enjoy like use bots in general you can go to okx sign up for this one you are able to Claim up to fifty thousand dollars in bonuses and then you can go to the settings here use the slowbots which are the bottom ones right here or the fast ones which are the top ones you do have the settings right here one click and the Bots are added if you’re not able to Use leverage or do not want to use leverage you can use this one right here also what I will say I posted on Twitter that I was looking for a potential uh short here and I did add a little bit of a short you can see it’s uh up 800 right There and this is mainly guys as a Hedge 2 at this one right here so during this volatility I’m using that short as a hedge because remember if these Bots go up to like if the price of Bitcoin goes up to like let’s see exactly where Actually so if Bitcoin goes back up to when is this bot gonna take profit on the cycle uh 30 000 300 and for ethereum on my bots it is the same for um if ethereum goes up to 1904 then these Bots are gonna take profit on these current positions They’re gonna make like all in all more than like probably more than two thousand dollars all in all on these bots so I’m mainly using this as a hedge because we are right now seeing some weakness in the market and if you do see a red candle straight down red candle it Means that the Bots are gonna you know hold unprofitable positions they will have unrealized profits sorry unrealized losses and then my bots are gonna be sorry my position here wow I’m messing things up today um but this trade right here is going to be at a big profit of course if you see A huge red candle down and um yeah if you see that then this is going to equalize out whatever short-term losses the Bots are going to have and then what I could do I just take profit on this one this order right here and then I Wait for the Bots to go up and then I will also be able to make profits right here so when will I get out of this trade I will get out of this trade once we see Bitcoin and ethereum reach those prices I showed you previously where the Cycle ends so uh 30 300 for Bitcoin or if we reach 1904 for ethereum so that is when I will take profit on this this is my strategy as always letting you know what I do I know it’s hard sometimes like the communication Twitter is the place where I am able to reach the most amount of people so make sure to follow me on Twitter but I am I am setting up my educational platform where I will be able to always keep you updated on these things in real time so that is something To look out for for the events later on today what does the market believe well right now the forecast is 5.5 for the inflat for the core inflation and 5.3 percent for the inflation now what some analysts are saying is that if the inflation data comes out at six percent You’re gonna see a massive drop in the S P 500 which would mean big drop for Bitcoin and ethereum as well guys so just like I said be careful with this guys big big warning if you’re worried about this volatility could be a good idea to take profits on these Bots and Open them up after the volatility is done this is not what I’m gonna do but then again I also have this hedge right here so you can do it two ways you could close the Bots open them up after or just use a hedge here so that you are at Least able to profit from the Hedge based on that big volatility so I will be watching the screens I will be acting as we’re seeing the price swing to the up and to downside however the market believes that we are gonna go down large speculators have boasted their short Position in the S P 500 and you’re seeing some of the biggest positions since 2011.you can see the amount of shorts right here for the S P 500 guys traditional markets we’re at big big big volume here when it comes to people shorting the market and the last time we Saw these same levels was actually right here in 2011 and guess what happened in 2011 well after that the shorts got absolutely squeezed and wrecked here as the S P 500 went to one of the biggest bull runs it had ever seen guys so just because the markets are believe in that We’re gonna go down it doesn’t mean that we’re gonna do that in fact the market is usually wrong and when a lot of people have been shorting we know that that can lead into a short squeeze which could lead into the prices going up significantly guys so this is key things To to pay attention to this a lot of huge things is going to happen so we are all about the inflation coming out later on today and the fomc minutes we will see what they have to say big things happening and I believe if I had to take A guess I believe that the inflation is gonna calm down a little bit as you know I’ve been saying this a little bit lower than the forecast however my concern is also that potentially what you the pump you’ve been seeing right here is people front running that so maybe insiders Knew that inflation rate was going to come in um lower than expected and they started to pump here so maybe we have already seen a little bit of that pump however we will see this is just my guess guys not Financial advice not you know predictions or whatever be very Very careful this could come out come in at like six percent and then I will be I will be like completely wrong but I believe like 5.2 5.3 maybe 4.9 even and this is just what my is telling me we will see if that is going to be the case Guys uh but as always guys be careful expect massive volatility and a heads up tomorrow Wednesday I will be not uh make I will not be making a video I will be traveling I will try to keep you updated on Twitter but no video tomorrow guys I Will see you back on Friday actually so with that said guys thank you so much for watching and I will see you in the next one Today we are talking about Bitcoin, Ethereum, and crypto in general LATEST BOT TUTORIAL: https://www.youtube.com/watch?v=TsVKUeUB8fo FIRST BOT TUTORIAL (Full) https://www.youtube.com/watch?v=UwA1c1pMgMM&t=1s 📸 Follow me on Instagram: 👉 https://www.instagram.com/satoshistacker_chris/ @satoshistacker_chris MASSIVE BONUSES BELOW! 🔥BYBIT 👉🏼 https://bit.ly/bybitenglish – CRAZY SIGN-UP BONUSES OF UP TO $30,000 ON YOUR NEW TRADING ACCOUNT! – SIGN UP TODAY AND TRADE ON THE BYBIT LINK ABOVE – NO KYC required for up to 2 BTC withdrawal per day 🔥OKX 👉🏼Claim $50k Bonus: https://bit.ly/3HAwyvq -$50K TIME-LIMITED BONUS -CLICK THIS, THEN CLICK “JOIN NOW” -BIG DEPOSIT BONUSES AVAILABLE -UP TO $50,000 BONUSES FOR FIRST-TIME DEPOSITORS -TIME-LIMITED 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