what’s going on guys it Kade up here with another episode of crypto zombies oh my goodness it has been a long time since we last made a video actually it’s only been a week but let’s be honest a week in crypto feels like almost a year right but I am back in action guys thank you so much for everybody that was concerned no I did not go missing I did not exit scam YouTube did not block me I just simply needed to take some time off in fact if you guys haven’t joined the crypto zombies telegram group I will drop the link below we basically went over this not gonna go into it in the video today do have a lot of stuff to cover but that being said guys we are back in action and Bitcoin price is looking pretty good so let’s hop in and let’s have a look at what is going on but man guys I leave for one week and Australia is on fire and we’re going to war what is happening that’s it I’m not taking any more days off but all sincerity guys before we get into like the actual video if you haven’t checked out this post from alex saunders essentially they are doing a donation you know for the fires in australia now this is a legit this is not a scam i know this guy and you can see right here they do have all of the transactions verifiable in fact if we give this day a quick refresh you can see they’ve almost had about one Bitcoin in donations which is pretty incredible so if you guys are looking to you know help out I will drop that below but let’s dive in let’s have a look at what is going on but before we do welcome back my name is K dub this is crypto zombie and if you are not subscribed well you’re gonna want to get subscribed because we are back in full swing full action guys and having a look at what is going on so basically we have this dip down to about 6800 $56.00 massive pump we tried to basically the bears tried to push this down again we got down to about seven thousand two hundred and ninety-six and currently we’re sort of while some people might even say we’re putting in some sort of a BART pattern well we’re gonna dive in and have a look at that now currently we’re seeing alt coins doing quite well today okay Bitcoin kind of led the rally you can see right here for example at the time of making this video x RP is up 13% aetherium up 2.8 9% so right now the alt coins are actually outpacing Bitcoin and I want to talk about alt coins in 2020 are we actually gonna have this major altcoin rally altcoin bounce-back our alt coins gonna be the the you know coins that you’re gonna want to be in or is it still going to be Bitcoin leading the way while I’m we gonna look into that and I want to talk about what caused the pump and where the money came from because if we actually have a look at the money flow in the past 24 hours I don’t mean to burst your bubble guys but not that much money has come in from US dollar you can see right around here we’re only around 335 million dollars you know as far as you know brand-new cash coming in whereas most of it is just tether and a little bit of Bitcoin bleeding out into the alts right so take that with a grain of salt but let’s dive in let’s have a look let’s have a look at the year actually why not right I haven’t really made a video since the new year so you can see right here guys clearly if you take all of this out Bitcoin is still up although we did have a massive rally and subsequent pullback ultimately currently from you know basically January first to where we’re sitting right now Bitcoin is still up 94 percent so we’ll take it and yes we were the best performing asset of 2019 and we actually are back on this legacy trend line which I’ll get into in just a bit now having a look right here should we be getting excited well there are some things to get excited about there are some things not to get excited about number one I am happy to see that we finally got above the 50 moving average right here on the daily and the 21 exponential now by the way golden crosses death crosses don’t really matter as far as these Exponential’s and Daly’s crossing each other but being above both of them at the same time in my opinion is good short-term for Bitcoin but don’t forget guys we are coming to the top of this downwards basically wedge that we’ve had forever now and we still need to get above that sort of 7800 $7,900 level to really break out of this downwards wedge right excuse me but having a look at the Bitcoin stock to flow model now you guys may be familiar with this from plan B this is a really popular model that’s going around right now currently if we actually have a look you know around where we are right now it says that the stock to float for Bitcoin should really be around you know eight thousand two hundred dollars and you know with bitcoins current price you know being around that sort of seven thousand you know $7,500 that we’re out right now we’re actually sitting a little bit lower than the stock to flow right now which is interesting but that being said you know considering that we had gone up to 14k and did pullback we’re actually kind of right where bitcoins should be so it’s not really it’s kind of neutral right it’s not like super bullish not super bearish right but let’s get back to the charts and see what’s really happening right here the one thing that you’ll notice is that we’ve really tried to break out but we still keep putting in these sort of lower highs you can see low or high low or high right now the most obvious pattern that everyone’s talking about is the head and shoulders you can see right here you know essentially we do have the head right and then we do have you know one shoulder the other shoulder now this is an inverse so if we were to break above this neckline this would be good for Bitcoin we would be looking for a potential breakout now we still need to get above the top right here where we worked around that seven thousand eight hundred and fifty eight dollar level right I don’t get into if we don’t break out where we could potentially fall if Bitcoin does decide to take a little bit of a pullback today right now just to simplify it I do want to show you that on the lows we are putting in higher lows so this is good so hopefully if Bitcoin can maintain this trend of putting in higher lows well then that is short term bullish however we are coming essentially to an apex you know around the middle of well it’s more around January 18th and that’s going to be a really big decision point for Bitcoin also if we don’t break above this neckline you are looking to maybe have a little bit of a retracement right the interesting thing that I did want to point out though is that at this time currently the CMA futures Bitcoin is trading at around seven thousand six hundred and ten dollars right now obviously if we go back to Bitcoin right now Bitcoin is only around seven thousand five hundred sixty-five over here for example on by bit futures so basically this is telling me that if tonight we close we may potentially have a gap that’s actually lower which means we could actually pump to fill the gap tomorrow morning but it all depends on where the price closes tonight now if we were to fall okay just gonna look on the bearish side right we talked about the bullish side we need to get above that seven point eight K seven point nine K level if we were to sort of fall down from this level you know you could potentially get supported by this weak line around the seven point four K but a lot stronger support would be around seven thousand three hundred and eighty dollars which was a very important level for us to break you know during the ending weeks of December right so that is basically what we could see looking forward and if we fall lower than that well then I would hope to be supported by that ultimate legacy trendline that I way back in the beginning of the video I’ll pull it up again if you guys want this trendline right here and that would be this green line and if that was the case well then bitcoin yeah I mean we basically fall back down to about the seven point three K level so that’s kind of like what I’m looking at short term guys we really don’t want to get back into the red zone I think if we fall back below the $7000 level again that’s like three times and that wouldn’t really be too great for Bitcoin but fractal update from Nebraska goner if you guys have been following this now obviously always take fractals with a grain of salt okay they don’t always play out past performance is not indicative of future results I think that’s the same but you can see right here essentially the fractals suggest that we would essentially drop down to seven k and then accumulate for a few weeks before having the real price movement but keep in mind if this fractal was to play out it’s not necessarily saying that we have to go much lower maybe a little dip sideways accumulation moon maybe maybe moon maybe moon right but having a look this is what I really altom utley want to get above is the 50 on the week and the reason that I want to do this is because we did technically put in a golden cross in fact one of the last videos that I put out was the golden setup right which essentially is this cross right here you can see if we go back in time to the last time I’m coinbase I’m sorry guys I thought I had my BLX chart but essentially the last time that we had it we did basically have a massive massive rally my apologies I had the wrong chart pulled up but anyway we do have the golden cross happening and like I said I would like to get above the $7,600 level here and if we could hold above that then you know maybe we’ll get to the 7.8 K right but what is causing it well I’m not gonna go into this too much I’m sure you guys are all World War 3 doubt right but the question is did this have anything to do with the potential war with Iran right is that the situation well personally I think that it could have had something to do with speculation but really once again it comes down to the technicals you know we were just sort of in a position where Bitcoin was just a little bit oversold we had the pump and then we also had the speculation on top of it that was the same exact thing that we had on October 25th with the president sheep pump which actually happened due to the fact that we basically just bottomed on the 200 daily on the Sammy futures I mean you can call it a coincidence I mean you know the charts don’t lie but that being said guys having a look at essentially when Eric Crowne posted you could see that there was some fake news going around about the price of Bitcoin in you know Iran saying that it was like some crazy high number right well no it wasn’t essentially you have to look at the conversion rate you know based on essentially like retail versus government conversion but I’m not gonna go into it long story short it was fake news that’s really all you need to know Bitcoin is basically trading around the same price over there right now okay but big news John McAfee pulling out of his uh you know not going to eat my manhood on television bet well now he’s saying bitcoin is an ancient technology he says that this was basically just a trick to onboard new users it was a gimmick it might have worked I mean we’re still quite far off from a million dollar Bitcoin um but you can see right here you know he goes on and says bitcoin is an ancient technology newer blockchains have privacy smart contracts etc bitcoin is our future was the Model T the future of the automobile well here’s the thing guys you know you have to sort of look at what bitcoin is trying to do you know bitcoin is just simply trying to be hard money it’s not trying to do the other things that all these other kryptos are doing I definitely wholeheartedly think that we are going to see all their block chains and other crypto currencies doing absolutely phenomenal in the upcoming years and decades and you know some even becoming household names right all of them definitely not but that is why we’re gonna talk about alt coins but I do have to kind of comment on this you know you can see some people down here you know talking about you know basically the fact that you know okay the Model T was one of the initial models but don’t forget like a lot of cars today are sort of built around that basic infrastructure and we have discussed that Bitcoin essentially is the foundation and you always want the foundation of the house to be sturdy and to be reliable right that is definitely the most important thing but also guys one other reason why he might sort of be a you know talking smack about Bitcoin is come on Bitcoin doesn’t pay you a hundred and five thousand dollars for every promotional cryptocurrency tweet on altcoins and let’s be honest with defy there’s probably a lot of projects that could really use some promotion so just carry the saying you know you always got to look at the different motives behind why people say what they say not saying that’s the case you know but I just wanted to kind of point that out but you know who we really been listening to all this time Jake and Amir who posted this video and if you haven’t checked it out check it out this is from CollegeHumor it got thirteen point six million views and it came out March eighteenth of twenty twenty so imagine if you bought Bitcoin back then in fact you don’t have to imagine I’m going to show you so having to look over here this is a historical snapshot for March 16th of 2014 Bitcoin 631 dollars litecoin 17 dollars and 35 cents x RP one and a half cent and then we have what is this aurora coin spain coin which by the way was up 513 percent Wild West days back in those days peercoin dogecoin I’m the NXT name coin counterparty bitshares marine coin quark feathercoin prime coin Infinity Nova coin bag of coin world coin why be coins you guys see where I’m going here do you know what we’re going with this what I’m trying to get to is a lot of these alt coins really don’t have longevity right they’re kind of flash in the pans a lot of them are pump and dumps whether they’re intentionally pump and dumps or accidentally pump and dumps and most of them really lack the long term volatile the long term utility right now you can see right here if I had to take a bet I would go with aetherium I would say that aetherium is one of the best bets right now XRP is pumping as well but you can see right here they say close to three percent of the theorems entire supply is now locked in d5 which is pretty interesting right so the threshold of three million eighth has just been crossed for the first time with the decentralized tokenized dollar die dominating considerably so this essentially is showing us a bit of utility now some people that are not feeling very bullish on aetherium are bit Mex research saying 2020 here and despite the cold we’re about to put on our eighth shorts the challenging part will be knowing when to take them off so should you be shorting aetherium well I don’t give calls on this channel guys but if we had to have a look at the charts right here you will notice that a theorem is actually trending in a very similar downwards descending wedge like bitcoin is right only catches this is not based this is not compared to the u.s.

Dollar this is actually an aetherium Bitcoin pair which basically means that this is aetherium performance against Bitcoin okay and we know bitcoin is already down from the yearly high so imagine having aetherium down this much and I also want to point out just zooming in super quick we do look like there there might be a little bit more room for aetherium but we do look like we’re getting to the point where we’re gonna get stomped out by this resistance and if we can’t get above it then you know we there is a potential chance for aetherium to you know fall back down in this channel I’m not saying that it will okay but what I do want to mention is that obviously compared to bitcoins you know comparative it would have been better essentially just a hold Bitcoin it would have been better obviously just to hold dollars from you know the high down but that being said having a look right here you could see that one of the biggest reasons for etherium success why we saw a theory of upwards of $1400 per eath was really due to its demand you see when we had the 2017 IC o—- craze it didn’t matter what the price of eath was nobody cared what price it was when they bought it because you only had to hold it for just a small amount of time to get into the I SEOs right I only needed to hold it for what buy it for about an hour then send it to the IC o—- so I can get my tokens so nobody really cared about the alternate price of eath and that created massive demand for the price which skyrocket and we also saw that don’t forget with the ayios right we saw B and B absolutely skyrocketing when the ieo craze was big and now once again it seems like that is a passing fad as well and the other thing interesting lis just to point out and I’m not guys I want to let you know I am NOT ragging on any cryptos I’m just trying to point out the facts here you could see that if we have a look at aetherium you know it’s down 90 percent compared to Bitcoin which is only down 62 percent and even with it’s a 13 percent pump you know XRP today you know XRP is still down 94 percent overall and you can see a lot of these alt coins are down I mean some of them are doing quite well but for the most part you know they’re either very new or they’re down over 90% most of them definitely down over 80% and this is why alt coins are very very risky investments yes you can make a lot of money on alt coins but you can also lose everything on alt coins they are very volatile and so the question is basically in 2020 what do I think is gonna happen with alt coins well you can see that right now you have a lot of other coins that were popular on YouTube for example they’re saying is this an exit scam well not really they posted in the group they said that they feel like we’ve been seriously and continuously misled for the past year we have no choice but to cease operations until further funding can be obtained this is something myself and jury will be exploring whilst also having no choice but to seek out other employment so it’s not even just that now listen guys does this mean that it’s a scam most businesses fail right remember that most businesses in life do fail and I think that when it came down to a lot of the token ah mix the utility it just really didn’t have the need that for example these I SEOs had with B and B and E thright even if it was just a short term hold it just to get into the ico right now is that the utility that we’re really looking for long term in the space no I would like to see more utility moving forward but I do think that as time progresses as the dphi grows okay and as we do begin to build the second layer solutions that I think that you will really see where the utility cases lie in these coins for example another coin and I’m once again I’m not picking on any coin here guys but you can see right you know hex is down another 52 percent right here in fact it’s trading less than a Satoshi in fact it’s trading solo I’m just gonna basically have this speak from zero point zero zero zero zero zero zero zero zero seven seven four five VDC perhaps okay now granted hex is up today fourteen and a half percent actually out let’s now go to refresh live yeah that’s still okay almost 15 percent right but having a look right here it’s still down 80 percent in 14 days and it’s down 94 percent since its high now listen I understand what hex is trying to be they’re trying to be the CD on the blockchain right so we really do have to see how this pans out after the two and a half years is up but for people that honestly have sold now for losses you know what I mean like was it better to just hold the e I don’t know that’s something you have to ask yourself guys but talking about Bitcoin talking about 2019 I just want to mention one thing crypto loom dark I really like this tweet unpopular opinions bitcoin is the most efficient market I know some people don’t want to hear that because they’re dot they’re not gonna make those hundred x gains potentially that they may in these small altcoin gems right Bitcoin is the hardest asset to manipulate well as far as a crypto is it’s not the hardest asset but anyway derivatives don’t control the price of Bitcoin now some people argue that’s not true Suzu says he agrees with all of these and would add that if you think paper gold held back the price of gold you likely don’t understand how derivatives work now we can argue that it definitely it created a little bit of tension right it did sort of control the beast a little bit but ultimately in the end you are still seeing today demands for the actual underlying asset in this case gold and I can guarantee you in the future the underlying asset bitcoin will be in high demand ok and you can see right here he even says that the Bitcoin USD premiums and price action show clear signs of accumulation and money flow back into risk he wouldn’t be surprised to see a Bitcoin price of 9k $9,000 Bitcoin by the end of this month and of course going back to our charts that would be amazing because that would mean we would finally break out of the you know the sort of downwards wedge that Rin right so having a look right here we do have some news actually speaking about derivatives you have local english-language news outlet business Korea reported that the South Korea Presidential Committee on the fourth Industrial Revolution that’s a mouthful recommended products such as and I’m not making this up guys Bitcoin derivatives that’s interesting I thought those were the bad guys right to be allowed as part of a strategy for the institutionalization of cryptocurrencies and honestly they are coming regardless of whether or not you want them to also they suggested that the local financier sector should develop and introduce a Korean custody solution to avoid relying on only foreign custodians when handling crypto assets and Bitcoin should be listed directly on the Korean exchange kimchi premium anybody guys remember that no maybe maybe you’re new ok anyway the country Seoul Securities operator it located in Busan the committee also advised the government to consider introducing business licenses or guidelines for crypto currency exchanges and integrating products related to the crypto assets into the financial system into the mid to long term and if that’s not good enough news guys how about the fact that Apple says new apps we love that’s right guys that is our good old buddy brave browser so I will take it also we do have finances USD backs table coin has been approved by the New York State Department of Financial Services so we know how difficult that can be so congratulations on having your own stable coin by Nance and finally you may have heard this news but I have no reported it on the channel so we have popular cryptocurrency gateway crypto buyer recently announced a new partnership with Burger King Venezuela effective immediately customers can use Bitcoin litecoin aetherium finance coin – and tether to make purchases in one location in the capital so we will take it we got to start somewhere but that being said guys having a look at this chart I don’t want to hear anybody tell me that this isn’t the best performing asset of the decade this is a new decade it is the 20s it’s gonna be really weird to think about that but that being said guys we do give away Ledger’s every single Monday on the channel I figured I’m not gonna give it away today since we only had one video I’ll just roll it into next week’s giveaway but as you guys know if you do want to win a ledger all you have to do is drop a comment on any video and that makes you eligible and that is it for me today guys honestly that’s it for me I could ramble on lots of things to talk about but we have another video we can make tomorrow I am back in full swing thank you so much for your patience I love you guys you’re the reason that I do this every single day except for the one day that I took off but honestly I have been making cryptocurrency videos for two years straight and I think the most I ever took off was two days so I actually needed a little bit time off for myself and honestly I wasn’t sure if I wanted to say this in the video or not but I had a little bit of a health scare so to speak I don’t want to go into it too much it’s a little bit personal I’m still trying to figure out what it was but it was very scary I’m you know I’m I’m a young man I’m not an old man and yeah so we’re working on that I’m seeing doctors currently once I figure everything out I will let you guys know full full disclosure what’s going on but I did have a little bit of a scare so between that and also needing to take some time off to get other things you know organized in my personal life that’s why I needed to take the week off okay that was seriously the reason guys so I’m back thank you for coming you guys Rock I love you if you’re not subscribed definitely get subscribe we’re gonna be back in action thank you so much my name is Catoe this is crypto zombie until next time stay crypto and peace out [Music]