Two days ago, everyone was bullish. Today,
everyone's bearish. That's how it goes here
in the crypto world. Are we heading to all-time
highs by years in? Or are we going to live
in the 12k sideways land forever. One chart
is more accurate than all the rest and as
shown time after time, it's correct. So, why
should we be taking guesses against the market
when we have a source that we can look to
that's always right? I'm going to show the
chart and why there is nothing to be worried
about in the world of Bitcoin. Let's get it.
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Today, we are going to be examining the Bitcoin
price and I'm going to tell you exactly when Bitcoin should get over the 12k hump for good.
We'll also take a look at yet another loser
in crypto trying to take a shot at the most
punchable face in crypto. That's me, if you
didn't know--and your boy can take a punch
anyway, so it doesn't really matter. We're
also going to be covering some huge news from
IOST, the project I work with the closest
and have the longest-standing relationship
with in the space. So, let's jump into Bitcoin
and the price. At the time of this recording,
the Bitcoin price is coming in at around $11,400.
If you watched my livestream on Tuesday, then
you would know that I said a big rejection
was coming. Listen. When Bitcoin passes 12k
permanently, you're going to know it. It is
going to go roaring above, so there's no question,
similarly to what happened when Bitcoin passed
10k possibly permanently of course. We have
to say possibly because of that dreaded CME
gap between 9600 and 9900. Those gaps act
as magnets pulling Bitcoin down in a version
of a fear-led self-fulfilled prophecy. But
I've stated my opinion on the matter which
is that the gap will get filled after the
bull run. Spend some time thinking about that.
It'll scare the life out of you. But that's
my official prediction. But if you recall,
Bitcoin had a similar battle with the 10k
level it's now having with 12k. It took five
attempts for Bitcoin to climb above $10,000
with stability. When it was rejected at 10k
for the 4th time, I told you guys the next
time Bitcoin went above 10k, it would stay,
and look at what happened. It crushed the
10k level on the 5th try and has not looked
back. When we finally break through the 12k
level, we'll see the same thing. When Bitcoin
hit 12k Tuesday, I told you on the stream
it looked weak similarly to Bitcoin's last
rejection at 10k. While this is a much more
compact chart, it is structured very similarly
to the 10k level challenge, which makes sense
because the more Bitcoin moves, the faster
it's going to beat these resistances. And
as we head toward parabolic status, you won't
even notice the rejections. It could get overnight
and pass the level by the morning. That's
how quick this thing is going to move. When
we look back at the 2016 beginnings of the
epic 2017 bull run, we saw Bitcoin take about
five shots to get above historical resistance.
We've now seen that at the 10k level and we're
seeing it again at 12k. Next time Bitcoin
clears 12,000, be ready. It's going to roar
like a hungry lion or maybe even a hungry
hippo. But what does the infamous stock-to-flow
chart show? Well, according to the chart creator,
PlanB on Twitter, we're right where we're
supposed to be, like clockwork. We've used
this chart over and over again as the standard
for judging Bitcoin's movement. The popular
thing these days is to doubt the chart, but
it's literally never been wrong. I hear people
say all the time, "The crypto markets are
just too young to ever make any predictions
about the future. They will change." The imbeciles!
Do you ever actually listen to yourselves?
I'll tell you what. I'm going to keep going
with the history and what the charts say,
you just keep listening to your heart. I'm
going to end up rich and you're going to end
up starring in a Hallmark Christmas movie.
Say hello to Candace Cameron for me. The fact
is, until something changes, until we don't
get a bull run after a halving, until the
stock-to-flow chart becomes wildly inaccurate,
I'm going to stick with history because it's
treated me good so far. Right now, according
to the chart, we should be around the $13,550
level. We're about $2,000 below that. So,
what do I expect from here? Well, I believe
that the next time we pass 12k, we're going
to blow past 13k within 48 hours and settle
about right where the chart predicts Bitcoin
should be. Through the history of the chart,
about a 10-15% difference in the expected
number and the actual number is within the
margin of error. The only time it falls out
of that margin of error is when the price
of Bitcoin goes parabolic and it goes way
above the predicted price, and I think we
will all take that. Now, when will we reach
all-time highs? Well, according to the chart,
November 18, 2020. We will exceed and hold
the $20,000 level---marking new all-time highs,
and this makes perfect sense as November is
traditionally the best month of the year for
Bitcoin. And this November could be the most
special November ever. Meaning some of you
might possibly finally have a girlfriend to
bring home to Thanksgiving dinner. So, let's
move on to another loser, CryptoVigilante,
which is actually a collective of people.
It's not one guy. So, as you guys know, we
have a new Discord server. A lot of you guys
are getting a ton of use out of. We have a
promo for the next couple of weeks where you
can get the first 3 months for only $50, as
regular is $29 a month, and VIP, you can buy
2 months and get 1 free. We never offered
a trial or free content. It wasn't part of
the deal. Never said it. We still have our
free Telegram groups, the BitSquad and BitSquad
Traders. But look at this screenshot going
around. BitBoy running a quick scam cash grab.
Please, oh, wise crypto oracle vigilante,
please produce the evidence of where I said
anything was free, you biatch. Here's a hint.
It doesn't exist. But I had about 12 people
send me screenshots from this loser CryptoVigilante's
Telegram chat calling me a scammer. Here's
a closeup of the message going around. You
can't just say something in a text and submit
that as evidence. I think that's the very
definition of misinformation and fake news.
You actually have to have evidence of a claim,
and there's no such evidence. I would know.
I'm the one that made the group. Looks lie
you got some egg on your face with this one.
Probably, not the first time somebody's put
something on your face. I would actually think
though the person making this up is probably
from the CryptoVigilante team who has a hard-on
for me because I know there's a guy there
that does. These CryptoVigilante guys know
as much about crypto as folks at a BitConnect
2.0 Conference. Say hey to Carlos. I swear
to you though, and this is true, one of these
researchers from CryptoVigilante literally
got in an argument with me on DMs on Telegram
taking the position that price is based upon
the tech in the use case. He then told me
there were thousands of working products in
crypto that were successful. I asked him what
he was talking about and he literally started
naming every coin. What an idiot! There's
probably less than 10 products in all of crypto
gaining adoption right now. It's just the
truth. I tell you guys time after time, products
don't matter anything more than the level
upon which they produce speculation. These
guys did not like that. You know what I told
him? I said, "The only thing I care about
for this bull run is that my community, the
BitSquad, makes enough money to change their
lives forever. That's all I care about. Period."
That's why I do this. Crypto's changed my
life and I want that for you. Let me tell
you. He did not like hearing that one either.
He said, "What if something they invest in
fails and never gets adopted?!" I said, "I
hope I told them to pull out in time," which
is exactly what someone should have told this
guy's parents. [KO] These CryptoVigilante
folks are toxic---the worst kind too. The
kind that parades around in a mask like a
superhero but really just exists, it clicks
in the name of a social justice warrior--is
that a word? Warrioring? I know for a fact,
they relentlessly attacked and literally stalked
someone in the space because she's a woman,
and you guys wonder why people in crypto have
a hard time getting girlfriends. But listen
here, little biznatch, next time you want
to bring the heat, you better turn up the
temperature. When you swing at the champ,
you better not miss, and even if you connect,
you won't find anybody that can take a punch
better than this one, so come at me. Every
time you say my name, that's a win for me,
and I got so many wins lately, I can barely
keep track anymore. Alright. Moving on to
better news about one of my favorite projects,
IOST, recently, founder Jimmy Zhong tweeted
out that IOST was approved by the Financial
Services Agency or the FSA and is now the
14th compliant token on major exchange, CoinCheck.
This also makes it the 29th overall compliant
token in the Japanese market. The Medium article
that Zhong attached details of listing, now,
if you didn't know, Japan's a country with
some of the most advanced regulatory laws
surrounding cryptocurrency, so getting approved
by them is certainly a big story and stepping
stone towards IOST adoption. Last month, CoinCheck's
volume was 26 million dollars, which is huge
considering each coin is compliant. While
many of us in the West seem to just lump all
of the Asian countries together, fact is,
there are many different countries with different
attitudes towards crypto and different governments.
We all know IOST is a Chinese project, but
its willingness to move into the Japanese
market shows it's doing all the right things.
And as always, I'm glad to play a vital role
in the IOST ecosystem through my block-producing
node, BitBoy Crypto. I believe those who stuck
around in IOST will be very happy by the end
of this year. Remember: Crypto is cyclical.
But now, it's your turn. Where do you think
Bitcoin is heading to? How much of a scammer
do you think I am, one to ten? Let me know
what you think in the comment section down
below. And also, don't forget to visit 1BTC.BitBoy.Live
to enter our full Bitcoin giveaway. It might
just change your life. I hope you enjoyed
this video. If you did, please make sure to
smash the Like button and Subscribe to become
a member of the BitSquad. Thank you so much
for watching. Have a blessed day. BitBoy out.
