Bitcoin it is happening right now and on
today's update video I will talk about
my price targets I will talk about the
spot Bitcoin ETF flows that has been
significantly increasing once again and
we've seen the lowest Grays skill
Bitcoin outflow ever since launch so I
will be talking about this and many more
very important charts the Bitcoin
funding rates that are literally hitting
highs not seen in over three years and
many more important charts that are
the next move and of course a slight
little update here on ethereum so
without any further Ado don't forget to
subop that like button back above 800
likes that will be absolutely incredible
and with that being said let jump
straight away in towards the content so
first of all I've talked about this
consolidation phase for quite a long
time here and ever since we broke above
the top side of resistance that was the
point of continuation started and like I
discussed yesterday I was expecting a
big move was happening since the volume
was dropping significantly and yesterday
we saw a volume breakout outside of this
region and while we were getting this
small little fake out on the lower side
I told everyone the volume is low so
most likely this is a fake out and
yesterday as well we also exactly filled
up the CME Gap I talked about and then
we had that push up towards the upside
so things exactly played out like we
were expecting and Bitcoin right now is
indeed breaking out of that Bitcoin bu
flag pattern I've talked about many
times before and the price taret of this
Bitcoin B flag pattern is laying
somewhere around 62,000 us and coin
currently already hit more than
$47,000 and almost was about to be
hitting
$48,000 so that is of course absolutely
incredible I don't expect that Bitcoin
is going to go up in a straight line
here and what you need to understand is
that the main reason why Bitcoin has
been pumping towards the upside is most
there's been a lot of Bitcoin being
bought by Fidelity and black rock and
actually we saw that yesterday gryk only
had an outflow of$ 22 million us and
this was by far the lowest outflow day
we've ever seen before and in the
meantime still there are huge amounts of
buys from Fidelity from Black Rock and
from Arc invest and due to that we're
seeing Bitcoin having massive buy
pressure on the market right now and
while this all is happening guys I want
to be quickly pointing out the Bitcoin
exchange Futures open interest also just
hit a new Autumn high and this means
that there has never been more open
interest in the market in Bitcoin ever
before and open interest is basically
once people once you open up a trade
with let's say $1 with 100x leverage
you're adding $100 in open interest in
the market and this is sitting right now
at Autumn highs what mean there is going
to be a lot of volatility in this market
in the coming period because once open
interest is high we usually see a lot of
liquidations and we see a lot of
volatility and while this in fact is
happening I am seeing something that is
quite worrying but this happens all the
time in Bull markets the Bitcoin funding
rates just hit and high of
0.085% and this is something very
seriously and if you don't understand
how funding rates work I will do a quick
breakdown if funding rates are positive
so above the 0.01 it means that you're
paying an interest on your long position
if it's negative you're paying an
interest on your short position because
in crypto if you're going to be trading
the long Spade is shorts and short space
the Longs and if there are only long
positions in the market the fending
rates go extremely high and that way you
pay the other long traders in the market
to be having their positions open and to
be making profit so what this basically
means is that there is a massive amount
of Bitcoin long positions in the market
open and not of course only on bitcoin
but on a lot of crypto altcoins right
now here and while we indeed have seen
this significant surch across Bitcoin
this move towards the upside of about
what is it 10 to 12% here we have not
really seen these altcoins takeoff like
ethereum has still been lagging behind a
little bit B&B as well and I believe
that that once Bitcoin is going to
consolidate a little bit sideways that
these altcoins are actually going to be
exploding so make sure to pay attention
towards that because usually in these
types of markets Bitcoin first tends to
lead and after that altcoins tend to be
exploding but at the same time I want to
be pointing out that this is extremely
extremely risky to be opening up long
positions in the market right now here I
mean I've said it several times before I
am spot long on bitcoin right now here
but due to the fact that the fing rates
are so extremely high I want want to be
a little bit more cautious because yeah
you could definitely get extremely hard
wrecked if you are going to be opening
up any long positions right now
especially since Bitcoin bumped just 12%
towards the upside and also due to the
fact that the fitting rates are so
extremely high and like I said on the
channel many times before I was
expecting indeed we were going to have
that continuation towards the upside
because we were looking at this bull
flag pattern on bitcoin but I didn't
decide to be opening up a trade on it
because there are just some signals that
the market is overheated just like the
funding rate signal right here so
currently I'm still waiting to open up
my next trade but guys please give me
some time if I'm going to be opening up
a trade I am sharing it with you guys
out there and I want to only share a
trade where I'm 100% convinced and I
uh and I don't need to trade every
single day since yeah in the last six
months I've took like five to six trads
we're all at least 100% profit and it
made more than and it already made more
than $100,000 with it and I am not going
to chase the trade I let the trade come
to me so there will be a lot of other
coins Rhino probably about to be
exploding on the market and you have the
opportunity to be grabbing it so if you
want to be trading it make sure to go to
decoin soon I will be also opening up my
copy trading account and you can join
any other copy Trader as well and like
you can see they're doing more than
$70,000 profit in the last 30 days and
you could be joining them as well and if
you want to do so go to the link
description of today's video sign up
account to decoin because you can only
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the link below and on top of that if you
use that link you will get an additional
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here if you're interested in trading the
the Bitcoin indeed is right now just
pushing up towards the upside broke
above this very important daily
resistance like you can see here on the
weekly time frame and this was Major
daily resistance in the past got us
rejected for two weeks in a row and
right now Bitcoin is clearly breaking
above it and the last time we broke
Above This level Bitcoin straight away
pushed up toward $660,000 and the last
time we broke actually below this level
was the point we straight away dump
towards the downside back towards that
$52,000 level so this is a very
important level that we just broke above
of and historically speaking we tend to
be moving very quickly in this region
because there's almost no volume traded
at all and while Bitcoin indeed is
pushing up if we're going to be looking
at the Fibonacci we're about to be
approaching the 0.786 and if we're
looking at the previous bar Market what
happened once Bitcoin broke above the
0.65 that was of course the big the
start of the Bitcoin bull run but we
straightway broke through the

0.786 and then we went sideways for an
approximately 4 weeks towards that almi
and then boom We crushed the buff it so
maybe we're going to get something
similar to this right now here if we
confirm the break above 0.786 I expect a
big move here towards the $69,000 level
and then Bitcoin is going to trade
sideways for four weeks and then
potentially we're going to be having
that next big move towards the upside
and you have to understand that right
now we still have not seen the Bitcoin
Hing and historically speaking Bitcoin
has never formed a new aumn high before
Hing but we are currently on our way to
be actually doing this because
if I'm looking at the data we're
currently only an approximately 20% away
from alltime highs and that is actually
quite massive Bitcoin is super close
towards altim high once we do break
above altim high that is the point where
the real fomo is going to be hitting the
markets and I mean we have not even seen
the Bitcoin Hing that usually also leads
towards even more hype in the market and
historically speaking Bitcoin it's Bull
Run starts after the Hing but it looks
to be that this time it is clearly going
to be different and maybe we still see
that rejection and Bitcoin doesn't uh
break above the uh altimi before Hing
but due to the fact that we're seeing
these large inflows from the spot
Bitcoin ETF this could be one of the
reasons why Bitcoin is indeed pushing up
higher and higher and I mean while this
all is happening of course we're seeing
that the bull flag on bitcoin is
breaking out but yesterday as well
Michael sailor bought another $3,000 of
Bitcoin and right now he's in a profit
of an about 4.6 billion US dollar and
micro strategies is buying black rock is
buying I mean everyone is ly buying and
they're not looking to sell anytime soon
and because of the micro strategy strock
only going up and up it is likely that
actually Michael sailor is going to be
even buying more Bitcoin due to this
because the higher the stock goes the
more money they can borrow against it
and the more Bitcoin they can buy and
the higher Bitcoin goes the more value
comes towards the company so they can be
buying even more Bitcoin so this is
absolutely insane and guys you need to
get ready right now because we are
stage of a market for the coming two
years and there will be so much money to
be making in this market right now
especially once we do break above the
Autumn High here because yeah we've been
looking at this blue fli pattern and
maybe I have to adjust myself as well
towards the bull market vibe that
Bitcoin only goes up here because
sometimes I have been a little bit more
conservative I I want to be honest with
you guys indeed I have but indeed I
talked about how this bull flick pattern
is most likely going to be breaking
bullish but uh yeah things are looking
very good on bitcoin a thing that is
actually very interesting to be seeing
right now as well is that ethereum of
course indeed also move towards the
upside ethereum compared to bitcoin seen
a slightly little retracement people are
straight away saying oh I Told You So
ethereum is going to be going down
against Bitcoin I don't really believe
so because we do know that the ethereum
spot ETF is coming in like in what is it
like 86 days from now on and this is
going to be the next hype in the market
well is indeed not performing good right
now here it is lagging behind Bitcoin a
little bit here you have to understand
that in the past three weeks here it is
still up in about 12% but I still
believe that we're in the beginning
phase of ethereum compared to bitcoin
and I do believe that this is going to
be a very wonderful trade here we're in
the beginning of the exponential move
and always if you look at the path to
all season it's first at Bitcoin pumps
and then the money from Bitcoin flows in
towards ethereum and that stage two and
we're currently still in stage one
because the money is still flowing in
towards Bitcoin through these ETFs
there's a lot of money flowing into
Bitcoin that is adding liquidity towards
the market then that money from Bitcoin
is going to go to ethereum and then that
money from ethereum is going to flow
towards large large caps and altcoins
and that is how the path to all season
always works and this is how money flows
in the market and if you want to be
winning this is how you need to be
playing it this is how you catch these
large trades in the market this is how
you should be preparing yourself I still
believe that ethereum is going to be
outperforming Bitcoin in 2024 and I
believe that altcoins of course are the
better play from Bitcoin but currently
at the moment Bitcoin is the one that is
of course leading the game we perfectly
expected this move this breakout and due
to the fact that we're having large
volumes here on this breakout this is a
very legit Breakout out with of course a
significant follow through and I am
super excited about where Bitcoin is
stopping next year because honestly if
we break above to 0 786 which we have
done very quickly in the last bull