Bitcoin Huge crash in stock market bitcoin analysis Today
the S&P 500, had a huge fall and created this massive, gap in the chart I want to talk a little, bit about this why this might have, happened different theories to why this, happened and I also want to share my, thoughts if this is the beginning of a, bigger stock market crash
I will explain to you why I believe that this, happened and if you think that that, sounds interesting that I think we, should be let's take a look, at Bitcoin and I want to give you a quick update on the analysis that I've been talking about the fact that we've, had this big falling wedge it broke up and we'll have this other small falling, wedge and you might remember this, analysis where I've been talking about, how this run-up actually came all the, way up perfectly into the golden pocket, and then we saw a correction from that, point and if we were to expect the exact, same thing to happen again then after, breaking through this falling wedge we, should come up to the golden, pocket again and the golden pocket is, between eleven thousand and eleven.
thousand three hundred approximately so, all the way up here let me just zoom in, so you can see here how we're currently, forming this descending channel that I, talked about in yesterday's video and, the golden pocket is up here, at eleven thousand currently it would seem that in the bigger timeframe we are, on our way up to eleven thousand but of course we are going to see corrections, on the way up which we've seen there, there and also right now and of course, bitcoin is allowed to have an even, bigger correction before moving up to, eleven thousand but so far we are still, creating higher highs and higher lows in this uptrend.
so let's zoom into the for, elderly and take a look at this channel, this descending channel that we are, creating and as I talked about yesterday, we already need some resistance and ever, since we've seen the vehicle price, actually come down a little bit and, currently I am watching the support and, resistance and if we break to the upside, out of this resistance then I would expect another big leg testing the resistance which is right here we've seen now but we'll test this once and, twice so this is, of course, a very very, important level and something that could, be very interesting to watch is this, potential cup and handle getting formed where we have a cup and, then we're forming the handle, potentially and in the cup and handle we have to take pay attention to the neckline.
when we break the neckline we would see a nice move to the upside and, if I were to make a quick target, analysis here we take the bottom to the top and lets you break out here then we, actually have a target of approximately,14,500 dollars please leave a comments, down below do you think that that's, possible do you think that this is the cup and handle or do you have any other, thoughts about what we are forming right now and next up this is an announcement, for all of you traders out there that are experienced this is only for, experienced traders big news from by bit
$90 user reward as you can see so $190, is the current bonus but remember this, is only for experienced traders and if you are that of course, this is a very, nice big bonus to take part of and next, up I want to talk about the CME futures, chart because just like I said yesterday, there will be a small gap being created, because the price was, trading higher than the previous close, and of course we cannot see it on the daily chart because it's already got, filled immediately but basically this is, where we opened, and of course right here is where we, closed so there was a gap but on the daily chart it got immediately filled
we, have to go into the 4:00, hour early but even on the 4:00 hour, that we still cannot see it, because this is where the CMA futurists, opened and eventually we closed the gap, that was created we have to go all the, way to the one-hour chart but herein the one-hour chart we can actually, clearly see how there was a gap formed, and it got immediately filled just, further proving my point that these gaps carry a lot of significance and we, basically see these gaps over and over, it gets filled up to like the exact, dollar just a big wake up just to fill the gap and then we had a big jump right, there and we can go back and see many of these points in the history showing us, that these gaps are significant
yesterday I asked you guys are gaps, actually, a significant indicator and 66%, said yes and 33% said no so yeah make of, this what you will put 760 people voted and these were the results personally I voted yes gaps work they are very, significant and I've proven this to you so many times just look at this, chart guys it's just too obvious and, next up look at this is the S&P 500, and if you look closely here you can see, how the SP had a big fall where the SP fell more than 3% and rebounded, back up now but this is a big fall and, people are speculating that this could have been triggered by the fears surrounding the coronavirus and if you, take a look at this there has been a big Parrish divergence in the S&P,500
so that's that could be technical, reason but yeah there are fears, surrounding the coronavirus that could, be a reason but yeah that said guys you, know the deal these caps tend to get, filled let's just keep that in mind, but yeah people who are going to wonder, is this the beginning of the big stock, markets crash I've been talking about, not necessarily it could be but I just, don't think of this as evidence, enough the SMP is just back to where it, was back in January so not, until we see any major major reaction, here not until then will I be calling it, bigger stock markets crash this is just, a small little correction on a huge bull, run that we've seen in the SP and next, up so the Warren Buffett dinner with, Justin Sun took place but it seems like, Justin stone was not able to convert, Warren into a base corn or crypto, enthusiasts because in Warren Buffett's, latest interview with CNBC he continues, to insist that cryptocurrencies have, zero value Warren Buffett has even, compared VidCon with a pyramid scheme, and called VidCon rat poison so we know, that Warren Buffett doesn't get the point
but that is not a problem, most of these elder people simply don't, understand basically because of the fact, that they don't understand even the Internet's they don't understand, computers in the same way that the, younger generations - and that's just, like the younger generations are the ones that are gonna adopt these new, technologies much quicker than the old ones and next up the YouTube purge is back, Ivano Tech has gotten another strike and, it was his live stream that got a strike and if you've been on YouTube for the, past few weeks you've probably seen, these live streams where it seems like, by Nisour Charlie Lee's making these, giveaways but it's scammers who, created YouTube channels and make it, seem like - is making a big giveaway, where you have to send them Bitcoin to, get double back and of course it's they, are scammers