THIS IS VERY VERY BAD FOR BITCOIN..........
The Moon Show
Market Analysis and News
The speaker discusses a horizontal triangle pattern on Bitcoin's chart, which could lead to a breakout and a significant price move. They have added to their long position due to the uptrend and the pattern's potential for an upside break.
Kasta Token
The speaker is bullish on the Kasta token, which has seen a 20-30% increase. They recommend investing a small amount in Kasta, citing its potential in the crypto space and the ease of use of the Kasta app for fiat-crypto transactions.
Bad News: Ripple Undermining Bitcoin
A tweet by Jack Mallers alleges that Ripple is undermining Bitcoin and lobbying against it. The speaker finds this news disturbing, as it could negatively impact Bitcoin's strategic reserve.
Trading and Investment Advice
The speaker shares their experience with a profitable XRP trade but reiterates their dislike for the coin due to its association with banks. They advise against selling XRP solely based on the news but express concern over Ripple's actions.
Bitcoin Price Targets
The speaker discusses potential targets for Bitcoin's price:
- If the price breaks down: $95,000 - $96,000
- If the price breaks up: $113,000 in the next couple of weeks
Other Tokens and Recommendations
The speaker recommends buying the Kasta token and another token, MEEE, with an ultra-low market cap. They advise buying on red candles and selling on green candles, and suggest waiting until Bitcoin's dominance decreases before selling altcoins.
Final Remarks
The speaker ends with an invitation to subscribe, turn on notifications, and follow their social media handles for updates, trading signals, and alerts on new videos.