3.6 • 626 Ratings
🗓️ 19 August 2022
⏱️ 22 minutes
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0:00.0 | This episode is brought to you by Raban. |
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0:30.0 | In today's show, Crypto Market Bloodbath leased over $500 million in liquidations in the past 24 hours quitting crypto chase. |
0:38.6 | Well, hopefully, that was liquidity seeking otherwise is over including crypto capo second option playing out any test at 23,500 |
0:45.9 | as resistance is a good sell opportunity consolidation below 22,500 would be very bearish |
0:51.9 | it equal 21,000 or lower new lows are just a matter of time, |
0:55.8 | including venture founder. Bitcoin made a nice relief rally in the past two weeks, but the |
1:00.1 | bearish RSI divergence has always been in the background. If Bitcoin breaks below 22,000 again, |
1:05.4 | I think it is likely we see the $18,000 low again. Also in today's show, weak address growth points the Bitcoin |
1:12.3 | price failing to sustain $25,000. As shared here, even after the relief rally on Bitcoin in August, |
1:18.8 | the monthly RSI is still below the 2018 cycle bottom level. Bitcoin is still very oversold, |
1:24.0 | though highly unlikely we're in a new bull market. Sub-23,000 Bitcoin is still a decent price to buy for the long term. |
1:30.4 | And as Dan held shares here, gold is at the same price as it was in September, 2011. |
1:35.3 | Bitcoin is up over 400,000 percent over the same timeframe. |
1:38.7 | Also in today's show, can exchanges create imaginary Bitcoin to dump the price? |
1:43.1 | Crypto Platform Executive answers yes. |
1:45.7 | The exchange just adds these funds to the account, creating these Bitcoins only in their |
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