First of all, before we're going to start, I have to apologize. My voice is a little bit messed up because I'm still having some kind of a pain in my throat. Maybe a flu is coming up, maybe not I'm feeling fine, don't worry but it's, just that yeah. My voice is not as usual, but you already figured that most probably anyway. What we're going to talk about today is obviously the price of Bitcoin, which is currently ranging around ten thousand US dollars and it's, ranging very tight actually around. Ten thousand US dollars probably already figured that during this video when I started recording, we were a little bit under now we're a little bit over again we're, currently looking at the five minute chart, so we're definitely gon na have a look at multiple time frames on The Bitcoin chart, but the main topic of today is going to be one specific, all coin that I already bought. Yes, you heard that right, sunny decree, almost a Bitcoin, maximalist started to buy all coins again and one specific old coin I already bought, but this is most probably not going to be the last one that is going to be our main topic of today. If you think that's interesting definitely show that vitta like very much appreciate it and now let's jump right into it. For those people out there who have been around on the yesterday's live stream. We were streaming exactly after the price of Bitcoin dumped below 10000 US dollars for those who have absolutely no idea what happened.
The price of Bitcoin plunged approximately 5 in here, and this is also a good lesson once again that if you are leveraged training to multiply your Bitcoin, you should not be using too high leverage, because remember if the price of Bitcoin shows a volatility of 5. That means if your 20x leverage you're gon na get liquidated if your 20x leverage 5 volatility and you're getting liquidated 25. Only 4 volatility is needed. Ok and stuff like that, can happen if a whale wakes up in the morning and thinks he has to dump 1000 BTC or 2000 BTC, something like that can easily happen, and especially on weekend days. Well, the volume is not all too high, so it is very easy to produce such candles in here, but what's. The good news is that we were now plunging further, in fact Bitcoin right now, while recording is trading above 10000 US dollars, or at least in the range of 10000 US dollar, and that shows a lot of strength. The price of Bitcoin is getting defended by bulls by buyers around the 10000 mark, even on a weekend after such a dump in here, and that is absolutely amazing. Also in yesterday's livestream, I was asking you guys to figure out what is the sentiment right now? How long will it take Bitcoin to reach 10000 again, just a few people thought that it takes less than 10 minutes, so immediately 21.8 thought a couple hours 30.
6, one day and 42.2 one week or more so a majority in here was already wrong. I would say a couple hours one day that was the range actually but, as I said, we're still, ranging around, we have not established again above ten thousand US dollars, but if we go and hire timeframes well, the situation does not look all too bad. This is a chart that I posted on Twitter and so far the correction we're, seeing on the 4 hour chart right now in this face in this organic growth in here on the price of Bitcoin. Well, we cannot really talk bad about the price of Bitcoin. There are absolutely no signs that this is a reversal of this uptrend in here we have not formed a lower low in here. All we have formed is once again just a higher low, as you can see here on the 4 hour chart every low in here is basically higher, and that trend did not change so far. Okay, and also, if you just compare the green boxes in here, real quick, you can clearly see that the current correction is still perfectly in range of a normal correction. Okay, so I would consider this more as a healthy pullback, especially that we're ranging around ten thousand dollars right now to me right now. This is more of a healthy pullback than anything else. If we fall below nine thousand seven hundred dollars approximately and therefore form a lower low, that would be the point where I would start to think about getting out of my trade, for example, here imbibe it for those people who were asking right now.
Currently, my stop loss is at a level that I'm not getting out with less than one BTC in this trading here. So everything still alright, but as long as we're now forming a lower low, I'm still perfectly neutral to bullish in here. So everything still alright. Also, if you have a look at the daily chart in here, I mean yes we're clearly still in this uptrend in here on coinbase Pro, we have not formed a high I'm here, yet on most of the other exchanges, we already did that, but yeah I mean I need to see established and established higher high, and that sets me more to the bullish side, obviously then neutral bullish, which I am right now all right, but now let's talk about all coins. First of all, you probably already figured that the etherium chart is going quite wild and not just the etherium Bitcoin chart also other all coins and therefore the Bitcoin dominance is going down, and that is exactly what we see right now I mean the Bitcoin and since Its local top in here is down currently approximately 13.5 percent at the lowest low. It was approximately 15 in here or at the lowest low at the lowest. Local low in here was down approximately 15, but what we can clearly see is that this could actually be the start of another old season. Once again, I personally don't believe that we're gon na see a parabolic all season as we've seen in early 2018 late 2017.
Before new people are coming in okay, I need to see new all time highs on BTC until I see super parabolic growth on all coins, but you want to be prepared before that right, and that is the reason why I started to load up on one. All coin we're gon na talk about that in a second don't worry guys, and I can tell you this already I'm more and more convinced that even I, although are not really fundamentally convinced about any of these all coins or most of them. But I probably will start to flip all coins again to multiply my BTC, because what options do we have right now to multiply our BTC? We can earn BTC if you're lucky enough. To do that, I mean I am from the referral Commission's most of the money. I'M, getting is in BTC, so there I can multiply my BTC. Obviously that is no secret as a cryptocurrency Bitcoin youtuber, then I have trading leverage, training margin trading here on babbit, for example, if your interest that there is a tutorial popping up on top of the screen right now also, there is a link with a bonus down Below for registration, if you're interested in that or marching trading leverage training is not that easy and it is very, very time consuming, but all coin flipping is very time consuming as well. So don't get fooled now, anyway, back to the all coins. So yesterday, on the livestream, I was going through the top 20 all coins in here, and let me if you want to have a separate video on my opinion about the top 20 all coins.
What coins would I buy? What coins do? I recommend? Why would I recommend them and what coins I stay away from if you're interested in that? Let me know that down below in the comment section, but I can tell you already: I bought a coin out of the top 20. If you want to guess well, you can pause the video right now and write it down below in the comment section and I'm gon na show you exactly what coin that I bought. First, alright, and this is it the first coin. I bought it's, not really a cryptocurrency it's, not really anything innovative. It is the Biden's coin why the Beynon skoy? Well, there are multiple reasons. Let me explain. First of all, I see violence coin as a stock off the balance exchange and if we check volume, real volume, now fake volume, real volume on my story, for example, violence is the number one right now and I don't think that that is going to change in The future I mean by nuns even offers futures right now, if you're interested in that make sure you check out the video which is popping up on top of the screen right now I mean violence is offering so many different products. I personally do not agree with all of their developments. I mean I use, for example, hmm very questionable right, but if you want to flip all coins or if I'm gon na flip all coins I'm gon na do that on by Nance okay.
So there is some utility for the balance token itself, although it is not really needed, but I think you probably agree on that right. I see the Biden's token more as a stock as a binding stock, and yes, I personally believe that balance will grow, especially when new people are coming in and also I can tell it is as well I'm holding currently more than 500 BampB and the reason for That is, if you hold more than 500 BampB, and that is one of the incentives I can give you the highest kickback rate on Commission's, not my highest kickback rate, my highest kickback rate would be 40, but what I can do right now with 500 BampB, I Can split to 41 percent to 21 for me and 20 for you guys? Okay, so there is no other link which gives you more of a commission kickback than this link right now and I'm gon na leave you that link down below in the comment section, and that is only because I'm holding 500 BampB okay, so my incentive is to Hold the 500 BampB and I wanted to hold BampB anyway as one of my all coins, so I decided okay let's go for 500 BampB. I can give something back to you and if you already have a balance account with a lower kickback rate. Well, this is the link where you can get 20 of a kickback rate on your trading and, if you're flipping all coins.
Well, that is definitely something to consider. If I'm personally gon na start to flip all coins more aggressively, I will try to use BMB tokens to save some more fees as well on the band's exchange, but I will definitely use the balance exchange now. Most probably, the next question you have is is BMB the only coin you're going to buy most, probably not, but I want to make something very clear, and I also said that during the yesterday's livestream I have a quite nice Bitcoin portfolio, quite nice Bitcoin holdings, and I will never invest more than a maximum of 10 in all coins. Okay, so my BTC allocation may be at some point. If my all coin portfolio is growing faster and more than my Bitcoin portfolio, maybe it could be that that changes over time, but my initial investment in all coins right now is not going to be more than 10 of my whole Bitcoin holdings, probably it's, not even Going to be more than 5 okay, but I can tell you this already: it's never going to be more than 10 as an initial investment. Now our project am I looking at. I don't want to spoil it all too much, but obviously I mean a theorem. Is one of those candidates are most probably going to have in my portfolio as well at some point, maybe I'm just waiting for a dip right now, not 100 sure about it. Some of the bigger all coins in here well yeah.
I can tell you this already. Maybe I'm gon na have at the end, maybe I'm gon na have Bitcoin that maybe two of the big caps, maybe three of the big caps and then maybe one or two coins, which are a little bit more of a gamble with a little bit of a Lower market cap – but I think I'm not gon na – go into the next parabolic phase, with more than maybe five or six coins. Okay, I'm, not gon na build a massive all coin portfolio or anything like that, but I'm definitely interested again in flipping all coins, because yeah I mean there will be noobs going for coins and they're going to buy them just because they're cheaper than Bitcoin. They won't care about supply about market cap and stuff, like that. Yes, of course, that maybe is a little bit unethical or maybe that is unethical, because what we'll do than is, where abusing the lack of knowledge of new people in the space, we will warn them. We will talk about it, but you guys know how it is. People are led by greed and some of these all coins are going to pump again I'm. Like very sure about that. So I want to take profits as well, and you guys, probably as well so let's – make some gains together, but that is it already for today's episode. If you liked it make sure to show that with a like.
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