Thursday, Nov 21, 2024
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CRYPTO Fakeouts EVERYWHERE! This ONE THING Will Change EVERYTHING For CRYPTO Markets

In this video, I discuss the recent sideways movement of Bitcoin and its seemingly muted response to bullish news within the crypto space. I highlight three significant headlines: Grayscale winning a court battle against the SEC, XRP being ruled as not a security after a lengthy legal battle, and the filing of the first US spot Ethereum ETF by ARK. Despite these positive developments, I suggest that the current market dynamics are more closely tied to the broader cycles of cryptocurrency. Drawing parallels to historical price movements, I emphasize that we are in a period of accumulation before the next Bitcoin halving in 2024.

This phase typically involves sideways or downward price movement and is essential for setting the stage for the next bullish cycle. While it's tempting to expect immediate price surges in response to positive news, it's crucial to remember that markets follow their own cyclical patterns, which may not align with short-term events. I also point out technical indicators, such as moving averages and RSI, that resemble patterns from previous cycles, indicating that we might be in a similar phase. Ultimately, I encourage viewers to maintain a long-term perspective and understand that bullish narratives may fully materialize during the upcoming bull market, which I anticipate will follow the current accumulation phase.

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Intro 00:00
Grayscale wins and nothing happens… 00:35
XRP wins and nothing happens… 1:00
ETH ETF potential and nothing happens… 1:30
Is crypto manipulated? 1:50
Crypto cycles 2:40
We are in the last phase of pain 5:00

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*The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.

Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.

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By: Crypto Capital Venture
Title: CRYPTO Fakeouts EVERYWHERE! This ONE THING Will Change EVERYTHING For CRYPTO Markets
Sourced From: www.youtube.com/watch?v=NwbVQdDtVuE


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Did you miss our previous article...
https://trendingincrypto.com/videos/what-is-a-lot-of-cro-coin-cryptocom-price-predictions-cronos-news