BITCOIN BOUNCES BACK!!!!! 🚨 WARNING!!! IT’S NOT OVER YET!!!!! FTX SPEAKS OUT!!!🚨

What's going on guys it's kdub here with Another episode of crypto zombie welcome Back to the channel hope you're having a Great day today now today's video does Have to be a little bit faster than Usual I actually have somewhere to be in An hour but I want to get this video out For you guys because I wanted to show You how the power of these levels Actually plays out so we were talking Right here right and if you go all the Way back to this level that we had way Back here in January of 2018 you could See that we did in fact have that Weekly Close right there and that level was Around 16 100 to about 16 300 depending On which exchange you're looking at Right now if you come all the way over Here and you look at where we actually Had this bounce yes we kind of overshot It a little bit right because this does Tend to happen in these types of moves Where you have these crazy Wicks to the Downside but you can see right there Only from our our uh you know Target it Was down about three three percent right So if you were using low leverage you Would not have gotten liquidated and you Should have been able to get into that Trade now a lot of people say well you Know do I put my money where my out this Guys I took two trades over the course Of this the first one being down here I Closed that out for a scalp and the

Second one was this morning right before The CPI data and I can show you right Here these are the two trades I took you Can see this one opened at 1625 closed At 16-3 that was for .035 Bitcoin and This one right here was um you know Opened at uh 17 roughly and closed at 1711 for 0.27 so that's about 0.6 Bitcoin that I was able to scalp now Some people say well why don't you just Keep the trade open well because you can Make more money when the price Fluctuates up and down all over plus you Don't want to be a hero right so if you Guys are interested in learning how to Trade this information is absolutely Free as you guys can see I do put my Money where my mouth is and yeah it's Not a huge gain to make 0.6 Bitcoin but Guys that's point six Bitcoin I didn't Have yesterday so if you just take it Easy you don't over leverage you play These levels and you know you kind of Get in and you get out you don't want to Sit in these trades and get you know Swallowed up in that volatility so if You guys do want to learn how to trade I Do go over this every single day watch The tutorial popping up above uh you Know there's over there's like 46 000 Bonuses right now below if you guys are Interested but let's dive in and let's Have a look because what was happening Was we had this CPI data came out right

You could see that the freaking uh s p Mini Futures went absolutely nuts this Morning I tweeted this over by the way On the um on my Twitter if you guys are Following me and you can see right here We are opening green so I do want to Talk about why we're seeing this and Also Sam bankman freed by the way he did Come out and issue an apology and now Gary Gensler is also getting involved so We're going to talk about that but you Can see right here the Consumer Price Index a broad-based measure of goods and Service costs Rose just point four Percent for the month and 7.7 from a Year ago that was its lowest annual Increase since January economists were Expecting increases of about 0.6 and 7.9 So granted inflation is still actually Rising You know nevertheless it's it's it's not Rising as bad as they thought it was Right so I guess that's why people are Getting excited about the price today so You could see again how these levels Play out look at this right here so Obviously we went a little bit lower Than our Target right you're never gonna Get it exact right people that are Thinking they're gonna time exact Bottoms and exact tops just get that out Of your head you're not going to do that Especially if you're trading you know It's all about just finding you know a

Good entry and a good exit and you can See right here we are back in this Blue Zone again so this is really really Important that we are in this level Because you can see back here this is Where we had a little bit of support Right we came up here we retested it in December of 2020 and that's where we had That bounce so this is a very Significant Zone and what's crazy is you Can even see when we came down here on This Terra luno crash look at that that Was exactly at the bottom of that level Too and zooming in right now look we are Back inside the zone right so are we out Of the waters just yet no not exactly Guys as you can see right here what is Happening currently we're being held Down these two candles right here are Providing a bit of a Zone and you can See that is acting as resistance so what Do we need to do if we were to look to Take another trade what I would wait for Was to get above pretty much eighteen Thousand dollars on the nose is really Where you want to get above and you know Have a little retest to be totally Honest with you though the level is more In my opinion around 18 200 but you know Around that any anywhere around that Area would be fine so what you'd want to See is you know maybe come up here have This retest and then confirmation to the Upside right and then obviously after

That we'd have to get above this very Very significant level of around 19 300 But ultimately just in a nutshell guys If Bitcoin can close above eighteen Thousand three hundred dollars Especially by the end of this month Which I don't see why that's not Possible then I would consider this to Just be yes it's another lower low and Technically you know we do have a new Low that we put in but you know we still Could see that continuation to the Upside the way that I was talking about With the um the previous market right How we had a very similar pattern happen To Bear markets ago right and could be Something that we're seeing play out Right now now at the same time we Actually finally have the dxy falling Out of this pattern and remember I said If we start to fall below 109 we could Head all the way back down to 105 and Currently we're sitting at 108.5 right Now so this I'm not saying this is the End of the Dollar's run you know people Have been saying this for months and Months and months I'm not going to Pretend like I know but this could Finally finally be the breakdown that We're looking for because you could see In you know this for example this Previous structure right here we did not Break that right right here we have Broken it right we had this touch we had

This touch we had this touch and we are Now falling through it so could this be The final top for the dollar if so then This still holds true that we could Still continue to see a rally into the End of the year like I said and maybe 25 000 is still on the cards now of course We still have the Black Swan of the FTX Debacle and we don't know 100 how this Is affecting all these people involved Right but you can see that sambangman Freed reportedly here's like another Thing transferred about four billion of FTX funds secured by tokens such as ftt And shares and trading platform Robin Hood to Alameda according to the report A portion of the transfer funds entailed Customers deposits a transaction where Bank and freed allegedly failed to Inform other FTX Executives sources Close to the matter indicated that Bankman Freed's uh failed communication With Executives Um he didn't basically talk to him Because of the fears that it would leak To the public so yeah of course you Should be afraid that it should leak to The public because what you're doing is Wrong right well he came out and this is What he said if you guys didn't want to Read it I highlighted some of the keys He says I'm sorry that's the biggest Thing I effed up I should have done Better I also should have been

Communicating more very recently this is All about FTX International The non-us Exchange so he says FTX U.S users are Fine so luckily if any of you are Actually using FTX us according to Sam You should be fine right the full story Here is one I'm still fleshing out every Detail of but as a very high level I Effed up twice the first time a poor Internal labeling of Bank related Accounts meant that I was substantially Off on my sense of user's margin I Thought it was way lower the actual Leverage was 1.7 x whereas the liquidity Was 0.8 because of that when it rains it Pours we saw roughly five billion Dollars of withdrawals on Sunday which Was the largest by a huge margin right Now my number one priority by far is Doing right by the users and I'm gonna Do everything I can to do that to take Responsibility and do what I can so Right now we're spending the week doing Everything we can to raise liquidity I Can't make any promises about that but I'm going to try and give anything I Have to if it will make it work there Are a number of players who we are in Talks with Lois term sheets Etc every Penny of that and of the existing Collateral will go straight to the users Unless or until we've done right by them So what does this mean going forward I'm Not sure that depends on what happens

Over the next week but first of all One Way or Another Alameda research is Winding down trading they aren't doing Any of the weird things that I see on Twitter and nothing large at all and one Way or another soon they won't be Trading on FTX anymore so this is Basically His official apology it sounds To me like they're very concerned with Getting users their funds hopefully this Works out you know and doesn't get Strung along like the Celsius situation Which is still happening those users Still do not have their funds but Gary Gensler and I was going to play these Clips but like I said guys I gotta get Going I have to make this video quick so Some of the highlights he says he says This is not like the New York Stock Exchange these platforms co-mingle it's A toxic combination where they take People's money they borrow against it Not much disclosure and then they trade Against their customers uh he says but Building the evidence takes time they Also asked him about uh if he felt Hoodwinked because he had actually met With Sam bankman freed and he said you Know he was shocked I think that Investors need better protection in this Space it's a field that's significantly Non-compliant but it's got regulation Investors around the globe are getting Hurt the public can fall prey to

Celebrity promotions and you know Ultimately if you watch the rest of this Interview he you know talks about that You know they're very interested in Investigating this and it's really weird Once again they didn't come out and say We need to ban this we need to shut These things down he literally says I Urge you if you're interested and you Want to be regulated come to us we will Work with you we will help you to get Things worked out now I'm not saying That we need centralization by any means You know I'm all for D5 But ultimately You know you can see that they're not Trying to say you know screw these guys Or or you know no no trading on Exchanges no they're like we're okay With it but you need to come to us be Compliant so I don't really know how This is going to end Um like I said it is a bit of a step Back unfortunately in the crypto space It has sort of put a bad taste in a lot Of people's mouth I will say that I do Believe that we will get out of this uh Ultimately and I think Bitcoin will come Out even stronger on the other end but Right now we need this we need this Flush out you know even if there is Another liquidity issue I don't know What's going to go on with these other You know VCS and companies coming out I Don't know how much money is invested in

What but ultimately I can tell you that Once this cleansing is done it will Honestly be one of the best things for Bitcoin and it sucks living through it But I mean this is historic this is Literally something that is going to go Down in the history books like teachers Are going to be teaching this in school Of what you don't want to do or as an Example of something you shouldn't do Right so that's basically that and like I said guys having a look right here um The good news is that we are back above This down downward sloping Trend and you Know really like I said the area you Want to kind of get above is above that Sort of 18 100 to 18 300 level that Would put us right back in this purple Bands right right in this trading range And then you know we can continue from There so thanks again for coming back to The channel hope you guys enjoyed the Update and again like I said I don't Really enjoy posting my trades a lot Because it seems like I'm bragging but That's not what I'm trying to do it's Just I'm trying to show you guys that if You are patient and you wait for these Levels and you play them safely and you Don't over leverage you know you don't Try to be the hero and do this like Million dollar long that you hold open For like six months or something you can Literally make a lot of money scalping

These uh you know markets especially in These volatile times so if you guys are Interested once again in learning how to Trade I highly suggest that you take Advantage of my absolutely free tutorial Which is popping up right here right now Until next time stay crypto and of Course peace out Foreign