Crypto Market VLOG #21 - 50K BOTTOM, NOW LETS REBOUND!
That 46k dip was scary, not gonna lie, theres a lot of things going on here that we wont get a clearer picture of until 24 to 48 hours from now. I have heard exchanges were having issues with processing liquidations and just general outages due to the extreme panic. This may explain why we didn't see any sharp bounce at 50k, big money was unable to get in.
I'm thinking we start to see more money come back in as exchanges collect their marbles back up.
The other factor at play was the Elon news, which unfortunately does seemed to have triggered this. His claims are complete BS, how much energy gets used mining lithium for tesla batteries? its a fucking joke. Blockchain is essential, you work with it and solve its problems, not throw it on the trash.
The STF TA tells me uptrend and we want to establish and higher low. HTF TA right now looks decent, we managed to close 4H above 50k, so that's sweet.
Still feels shaky as heck, but we need a few days to process everything fully. Fingers crossed we get that time!
=== TimeStamps ===
0:00 = WELCOME!
0:05 = Exciting dip!
1:30 = WTB volume
2:15 = 4H under 50k is bad
3:25 = STF very uncertain
5:10 = Clean mind, lets analyze 5minute
8:30 = Any good candlesticks?
10:45 = Its hard buying the bottom
15:00 = Bounce here makes sense
16:00 = Hammer candle on 1H!!
16:40 = cryptopanic
16:50 = Possible ETH play
18:15 = Exchange outages contributing to dump
19:30 = Closing motivations
I'm thinking we start to see more money come back in as exchanges collect their marbles back up.
The other factor at play was the Elon news, which unfortunately does seemed to have triggered this. His claims are complete BS, how much energy gets used mining lithium for tesla batteries? its a fucking joke. Blockchain is essential, you work with it and solve its problems, not throw it on the trash.
The STF TA tells me uptrend and we want to establish and higher low. HTF TA right now looks decent, we managed to close 4H above 50k, so that's sweet.
Still feels shaky as heck, but we need a few days to process everything fully. Fingers crossed we get that time!
=== TimeStamps ===
0:00 = WELCOME!
0:05 = Exciting dip!
1:30 = WTB volume
2:15 = 4H under 50k is bad
3:25 = STF very uncertain
5:10 = Clean mind, lets analyze 5minute
8:30 = Any good candlesticks?
10:45 = Its hard buying the bottom
15:00 = Bounce here makes sense
16:00 = Hammer candle on 1H!!
16:40 = cryptopanic
16:50 = Possible ETH play
18:15 = Exchange outages contributing to dump
19:30 = Closing motivations
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