WTF JUST HAPPENEND TO BITCOIN !!!!!!!!?????????

The Moon Show

Bitcoin Trade Analysis

  • The speaker made a $15 million trade on Bitcoin, resulting in a $200,000 profit on Bybit.
  • They believe Bitcoin will continue to bounce back, citing the stock market dump and a Chinese AI company as unrelated reasons for the initial dump.
  • The speaker plans to add to their position, expecting a decent chance for a nice bounce.

Key Points

  • Bitcoin bounced off a support line, which is a good sign.
  • The speaker wants to see Bitcoin go back above a blue resistance line.
  • A retest of this resistance is crucial, as rejection could lead to lower prices, while a successful bounce back above it could indicate a bullish trend.

Ethereum Trade

  • The speaker also made a small trade on Ethereum, which they believe is currently undervalued.
  • They think Ethereum is "so cheap" and are looking for potential gains.

Next Steps

  • The speaker will continue to monitor the market and adjust their trades accordingly.
  • They have limit orders open in case the market goes lower.
  • A live stream with Crypto Kid will take place in one hour, where more information and analysis will be shared.