WARNING! BITCOIN BLACKROCK and BRICS (what does this all point to!?)

Introduction and Warning

The speaker introduces themselves as Craig from the Crypto Savvy Channel. They provide a warning about a potential market situation and mention their previous short position on Bitcoin.

• The speaker warns about an upcoming market situation.

• They mention having previously shorted Bitcoin at 31.5 and discuss their stop levels.

• The speaker indicates that they will provide more information in the video.

ETF and Market Manipulation

The speaker discusses the impact of ETF announcements on the cryptocurrency market and highlights the pattern of price dumps following such announcements.

• ETF announcements often lead to price dumps in the cryptocurrency market.

• The speaker refers to previous instances, such as when CME opened in 2017, resulting in a bearish trend for Bitcoin.

• They believe that there is an impending crash in the market and anticipate a significant increase in the value of USD (dxy).

Dollar's Potential Pump

The speaker expresses their belief that there will be another significant pump for USD despite concerns about its decline due to factors like Brexit.

• The speaker predicts another major pump for USD before it potentially declines again.

• They explain that during market crashes, smart money moves into USD as a safe haven asset.

• Despite arguments against USD's strength, they maintain their stance on its imminent rise.

Analysis of DXY Chart

The speaker analyzes the DXY chart, focusing on support levels and potential resistance areas.

• Support is currently found around 102.7, with resistance at 103.7 and 104.6.

• Once resistance at 104.6 is broken with support established, the speaker expects a significant upward movement in DXY.

• They caution viewers to be cautious of those claiming the bear market is over and advise against blindly following their advice.

Analysis of Oil (WTI) Chart

The speaker discusses their analysis of the oil (WTI) chart, including trend lines and potential price targets.

• The speaker presents a chart they created in July 2022, predicting a retest at 62.70 followed by a bounce around a trend line.

• They anticipate further downward movement after breaking below 62.70, with a target around $67.

• The speaker advises caution based on their previous accurate predictions for Binance (BNB).

Analysis of Binance (BNB) Chart

The speaker analyzes the Binance (BNB) chart, highlighting similarities to their previous prediction made six months ago.

• The speaker refers to a video they made six months ago predicting future movements for Binance (BNB).

• They note that the current price action aligns with their previous prediction, indicating potential further movement.

• Viewers are advised to exercise caution and consider this analysis when making trading decisions.

Sponsor Promotion and Final Thoughts

The speaker promotes their sponsor, Primexbt, as an exchange for trading various assets. They conclude by emphasizing the importance of being cautious and avoiding scams in the market.

• The speaker promotes Primexbt as their preferred exchange for trading various assets.

• They provide promo codes for bonuses and discounts on trading fees.

• A reminder is given to be vigilant against scams and unreliable sources of information in the cryptocurrency space.

Bitcoin True Bottom Prediction

The speaker has been predicting a Bitcoin bottom between $3,500 and $9,700 in September or October. They discuss the importance of confirming indicators like MACD and RSI by waiting for weekly candlestick closes.

Bullish Cross on MACD

• The speaker shows the MACD chart and explains that last week's close was right at the line.

• To remain bullish, Bitcoin needs to close above this line.

• The speaker predicts that Sunday's close will likely be below the trend line, leading to a continuation of the downward movement.

Falling Wedge Pattern

• The speaker mentions a falling wedge pattern with the bottom still expected in the range of $3,500 to $9,700.

• They refer to another video where they discussed breaking the $31.5 level and potentially reaching $32.8 before entering a short position.

Shorting Bitcoin at $31,420

The speaker talks about their current short position on Bitcoin at $31,420 and shares their reasoning behind it.

• They show a video from four months ago where they mentioned a measured move bringing Bitcoin up to $31.5.

• If Bitcoin reaches this level, they plan to short it.

• The speaker shows their current position and mentions having stops at $31.6.

• If stopped out, they anticipate a possible move towards $31.8.

Potential Further Downside for Bitcoin

The speaker discusses their belief that Bitcoin is heading further down by the end of the year if it breaks below $31.5.

• They mention that breaking below $31.5 could lead to a range of around $30,000 to $32,800.

• The speaker shares their plan to enter more short positions if stopped out at $31.6.

• They mention the possibility of a false bottom in February or March but still expect a significant downward movement.

Conclusion and Future Predictions

The speaker concludes by reiterating their prediction for the Bitcoin bottom in September or October and expresses confidence in their analysis.

• The speaker encourages viewers to check out their previous videos for more information.

• They express excitement about upcoming opportunities at the end of the year across various markets.

• The speaker emphasizes that none of this is financial advice and urges caution.

• They mention being close to finalizing a house purchase.