[Music] [Music] [Applause] what’s going on guys it’s kdump here with another episode of crypto zombie so today is Tuesday welcome back to the channel hope you’re having a great day today although why would you not be having a great day bitcoin is up over seven percent at one point we were up over eight thousand seven hundred dollars currently we have pulled back but honestly we are making this video essentially right in the middle of a pump so it could be totally different by the time you guys see this essentially we were getting closer and closer to the end of this wedge we were looking for a breakout and we did say that bitcoin usually tends to be an impatient asset it tends to not get to the end of the apex well we did have this massive breakout and essentially from the actual breakout point to right now we are up 6.7 4% so pretty incredible gains we’re going to get into that we’re going to talk about all of this today I also want to go into why is Bitcoin pumping specifically I want to talk about one specific level that man it is unbelievably bullish for Bitcoin if we can maintain above this level and I also want to talk about some kind of mysterious whale movements there’s been over 60 3.5 million dollars worth of mysterious Bitcoin transferred around the interwebs we’re gonna get into all that today and if that sounds good to you you know what to do also if you’re not subscribed to the crypto zombie channel what are you waiting for we do this every single day and yes every Monday we do give away the ledger nano ass if you’re interested drop a comment on any video let’s give this a quick refresh now interestingly enough you are seeing alt coins pumping like crazy right now now bitcoin sort of led the rally you know last night into this morning but currently having a look at some of these alt coins my goodness you have a theory I’m up 8.4% Bitcoin cash 23 Bitcoin sv40 for light coin 14 Yas ten so it is just a crazy crypto party today now I’m not gonna lie guys we are in the greedy territory we are 56 right now and you know what happens when they say people are starting to get greedy so just watch out however I do want to say that we do have some nice volume that’s come in one point almost four billion dollars for Bitcoin guys that is not anything over the billion dollar mark right now currently in this environment I will take it now having a look right here you can see we essentially we were getting closer to the end of the apex we did have two breakout I do like the volume that we had we did have some volume on the move not as much as we’ve seen you know maybe back in like twenty seventeen volume but very good for today’s standards having a look you can clearly see we have broken out of this descending wedge that we’ve been in for quite a long time I mean this this is definitely we’re definitely breaking out guys there’s no question about that and I do believe if we can stay above this sort of eight thousand one hundred and eighty eight dollar level which is basically the breakout point but you’ll also notice that it did provide some sort of support flipped resistance over the course of this year that would be extremely good for Bitcoin and yeah I mean we’re holding above all of these trends the one I was most concerned about was this green this major green trend line right here and that was basically starting from the very bottom of the president of China when they had when we had that pump right and then that acted as resistance here when we had that first pump after the dump and resistance here right before we tried to break out the first time well currently not only are we above that but we’re also above the support back here after we had the major dump that happen on September 24th so being above both of these is great currently that level is basically around the $8500 level so if we can have a nice daily close by the end of today above 8500 well that would be very good in my opinion for Bitcoin now having a look right here we are above the 21 exponential on the weekly you could see this was holding us down last week look at how we just we stopped right there right we whipped all the way up to about you know the 8.5 K level and we got stomped out well today we had no problem blasting through it and guys this is probably the biggest kicker of them all I do hope we hold above this however we are finally back above the 200-day Lee moving average on CM e futures this is such a crucial line I cannot I cannot stress this moving average guys look this is essentially what held us down here right after that first pump once we got above it we absolutely skyrocketed in fact we put in a little bit of a gap over and then when we touched it for the you know after the next time we had that dump and boom we had that major 43 percent rally but then once we finally lost support I mean look it basically just got out of control and currently we are sitting right above it again and that is sort of around the eight point five K level as well now having a look right here guys I just wanted to point out Bitcoin was getting very very very close to the bottom right here we were definitely hoping to hold this trend and it looks like we are currently now talking about the 200-day moving average if we look at spot charts currently we are not above it just yet okay we are above it on the CMA which I do believe is important but to get above it on spot you’re looking at around $9,100 so keep our eyes on that but I did say we could potentially get above the $9,300 level you can see we’ve been holding above the 200 daily which is around 6.8 K on the three day and having a look over here you know if we were to pump to the top of this channel leading into the halving you could literally possibly see a nine point seven K to nine point eight KB before having maybe a little bit of a pullback right or we might have a pullback now like I said there is a potential of even going all the way back down to about the six point nine K 7 K level but considering that we are having a nice pump let’s take it however do be careful because like I said when you do have the greed you know 56 we are getting a little bit greedy right now you may be looking for some investors who want to take some profits right so what is going on real-time data there we go okay so yeah look we are having a little bit of resistance right here so essentially that is the situation guys so yeah I mean can we hold above that level right here you can see also around 8.4 K look at that we had a lot of struggle keeping up there so that is something great to talk about but guys it’s pumping okay we could talk about the pump all day why is it pumping well in yesterday’s video I talked about basically we were having extreme interest in the CM II options which did launch and basically they had 55 Bitcoin futures contracts or about 275 bitcoins because remember it’s five per contract so that was worth about 2.3 million dollars traded on day one which you know it may not be a lot in the grand scheme things but it certainly blue-backed out of the water right so you can see open interest and we did say this in the other in yesterday’s video right here open interest up and if you were to read the rest it would say 70% so there was that interest moving forward now Mourad Lahlou da basically just says bears are diluted at best dishonest at worst and essentially he’s saying you know look at all these averages that Bitcoin just literally plowed through everybody said oh there’s just too much downwards you know pressure there it won’t be able to break through it really well it broke through I’m not even gonna go through all them the EMA 200 128 daily EMA MA 100 EMA 50 ma 50 daily EMA 50 okay etc we’re just we’re not above the 200 on the regular daily sitting around 9,000 but guys it is very possible moving forward and I just want to actually give a shout out to Murad Mahmoud AAB he actually had put out 50 reasons why he believes that bitcoin as well as the price and adoption of the currency are going to explode now I’m not gonna go over all 50 reasons but I don’t want to point out three that really stood out I think you can appreciate this he says over the past decade trust in traditional institutions has fallen off a cliff presumably due to the rise of political polarization of course we had the 2008 financial crisis the public has begun to trust mainstream media as well as banks less and less and I think anyone watching this can absolutely agree this underlying distrust and turmoil sets the stage for the implementation of a new trustless system Bitcoin right global debt is swelling that’s the other thing with the global debt to GDP ratio nearly hitting 320 percent he says the leverage needed to maintain this system is believed by many to be drastically unstained unsustainable so yeah basically he says we need a plan B right and finally macro hedge fund managers and investors have begun to turn to Bitcoin so I mean we are seeing this result the open interest was 70 percent up for seeing me right you have former Goldman Sachs executive I don’t know if you guys have seen the videos of Raul pal he started talking about bitcoin calling it an option for the future of finance the best asset for Millennials at this current moment I mean literally stocks are at an all-time high bitcoins below 10k hello no-brainer here right now financial advice but you do know what I believe and something that is currently dramatically undervalued being Bitcoin okay so that is basically that situation now we did have some interesting whale whale movements let’s discuss this now usually when you see massive amounts of Bitcoin being moved onto an exchange you assume they’re gonna dump it now if you see massive amounts of tether being moved you assume they’re going to pump it right because you’d be buying Bitcoin with the tether but if you’re sending Bitcoin you’re probably selling it for something else right well interestingly enough they had approximately seven thousand eight hundred and twelve Bitcoin or sixty 3.5 million it’s even higher right now after the pump but the thing is this wasn’t all just sent to the exchanges some were actually sent out for example 3312 you could see right here was transferred to by Nance where 4500 was actually sent out of by Nance so that’s actually more Bitcoin leaving by Nance than entering so what does that mean well I don’t really know that’s why I’m bringing this up what do you guys think is going on I mean obviously they’re not dumping the price is pumping and they’ve sent it off the exchange so hata lling maybe potentially could be a good sign right that’s one transaction to buy Nance and then there were two you know from by Nance you could see right here so also along with the transaction from by Nance there were large amounts of Bitcoin that were moved to other exchanges including okay acts and coinbase there were around three transfers so basically I’m not really sure what this means but you can see right here you know moon was says seeing so many transfers to coin based bitstamp by Nance okay X but price is not dumping in fact it’s pumping and this is it took a little bit of a dump down at 8-6 but I mean guys at some point we’re gonna have a retracement there’s gonna be a sell-off at some point but this has definitely been one hell of a month for Bitcoin my goodness this january has been absolutely crazy Oh before we get on shout out to crypto comm I love their little ad campaign that they have running around check this out the 22 trillion dollar printer will never stop time for plan B then they have this up here they got this little trolley advertisement time for Plan B I mean that’s you’re not gonna miss that billboard and also worried about the trade war time for Plan B crypto calm so yeah it’s a great it’s a great great ads that they got right now I mean I love that it’s called crypto com2 it just kind of like you know solidifies everything so you know out of sight out of mind but that being said I thought this was kind of funny so someone over on reddit says should I invest $300 in Bitcoin right now and I love some of these answers on here it’s like you know you’re asking a group of Internet coin crazed individuals if you should put money into the top internet coin you know what the outcomes gonna be right and somebody says you won’t get an unbiased reply here you might as well go on a Christian sub and ask them if there is a god so yeah I mean clearly we all believe you should probably buy some Bitcoin but uh-oh also there’s a scam going around for anyone using by dance they basically set this thing up keep in mind it’s update your informations urgently okay so update your informations urgently this guy says watch out for scammers just got this in the email sender’s not from finance domain the button does not go to the official finance website don’t lose all your crypto to these a-holes so yeah be careful with this this is obviously a scam always verify check the address that you’re sending it to be safe and definitely do not leave your crypto on exchanges right and that being said guys I wanted to end on this one sort of positive note keep today’s video a little bit short this is an article by Sylvain Sorrell I really like this in Bitcoin we trust buying Bitcoin is your best chance to reclaim power as a citizen and now scrolling down here I highlighted some of my favorite parts basically he says Bitcoin was given to the world by Satoshi Nakamoto Bitcoin has no leader it is totally decentralized and yet protects what you own since the maximum number is set to 21 the million there will never be any more right this guarantees that one Bitcoin today will always be worth one Bitcoin let’s say in 2100 right in this sense Bitcoin protects you better than the US dollar ever did bitcoin is a fairer system that puts people back at the center of the game by choosing Bitcoin you choose to simply take back control the current monetary and financial system is unnecessarily overly complicated Bitcoin is a return to the basics that allow people to regain control and so the power everything is transparent with Bitcoin Bitcoin has the huge advantage of being based on mathematics and not on the arbitrary choice of a few people buying bitcoin is a vote for a fairer system whether you’d already be a bit corner if you’re new to Bitcoin etc by buying Bitcoin you are choosing to support a fairer system for the world of tomorrow bitcoin is the only credible alternative to the current monetary and financial system that is flawed and not fixable and on that note guys I realize I didn’t really give any kind of predictions as to where I thought the price could go my bad guys so essentially I do think we need to get above to this like nine thousand one hundred and five dollar level definitely stay above this eight point five K and obviously getting into this blue zone above nine point four to about nine point seven K would be absolutely amazing if we fall lower I’ve given you guys my bearish outlook for quite some time I would look to either get support by this red trendline or maybe even hopefully bounce around sort of on the top of the resistance flip support from the wedge so that’s basically what we’re looking at today but that is it for me guys thank you so much for coming back to the channel you guys Rock you are the reason that I do this every single day and my goodness if you stuck it out this far you are a trooper congratulations and you’re certainly going to reap the benefits of whatever happens in the future whether bitcoin hits 100 K 251 million whatever it is I’ll be here and I’ll be sharing this journey with you thank you so much once again if you’re not subscribed get subscribed turn on the bail notification join the telegram channel drop a comment if you want the ledger if not thank you for stopping by you guys rock you’re the reason that I do this every single day my name is K dub this is crypto zombie until next time stay crypto and peace out [Music]