He said in the short term a pop might occur. But as long as a large "open interest" position exists, we'll go back down as market makers seek to "rekt" these gamblers.
@@ThomasKuhar yes in short term we have the DXY oversold and the upcoming tomorrow Bank Of Japan interest rate but the dollar is the world reserve currency and when the Fed Cut by .5 or a 1 point nothing will stand in the way and for sure bitcoin will rise.
You have been talking about flushing longs,if you keep waiting for longs to get totally flush out,then you are joking because leverage traders will never stop long and shorting of the market.
@johnokhide4929 the market brings as much pain as it can before it takes off...... after they get beat to a pulp we'll skyrocket they'll be around. the ones who don't get obliterated
Don''t forget that BTC was 10k lower about 2 weeks ago and started rising as soon as the talking heads started spruiking rate cuts. What is encouraging is that markets didn't buy the rumour and sell the news, which often happens.
@@ThomasKuhar I have been in BTC since 2014. The difference I didn't run and hide in another country. I preferred to fight like a patriot. I also know how evil Wall Street is and the FED. They are capable of anything.
Am I the only one seeing the market skyrocketing? What is he talking about here?? These are relatable people but they aren’t always right lol this one feels way off we’re pumping and there explaining why we’re not maybe it’ll drop back down but seems to be moving atm
They are possibly in a different time zone and possibly released the video ahead of what you see or "skyrocketing" is defined differently to each of us. Micro vs macro etc.?
Bitcoin skyrocketed in the middle of July and Aug but ultimately dropped lower. Look at the weekly chart. A dip is anticipated. But it'll go up again in Oct
I dont think you are dead wrong but i think the conversation about the American government and what they do sometimes becomes more important for you than just making money in crypto. I know you have a passion about it so it makes sense. But regardless about making money in this space and nothing more
@@chrisbarber7291 "skyrocket" - at least 100 miles in less than 2 minutes - straight up! So 10% up in a day (or more) or 50% up in a month (or more) or 250% up in a year (or more) ...
This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high, today I am more than 60% down!
still waiting for 39-40k btc, I dont need it 75k too high price, yet alone i dont need it at 100k, i wont buy spot at 75k and i sure wont buy spot at 100k either LOL
we need to close above 64k today...or we are gonna move back down. The bears have some room for BTC to Move Up, but not much!. We shall see Toby my friend😁
I have to correct you there. Most money is created by commercial banks when they issue a loan. Dropping the rate by the FED invites people to lend more and thus more money (credit is the better term here) will be created.
@@spell66 Yes, but they're both USD and they both increase the money supply. The difference is that paying back the credit, or defaulting on the debt, has a deflationary effect. While the money created by the central bank does not disappear back into the thin air from which it was created. Because there is more credit than money, much more in fact, some call for deflation instead of inflation once the debt default spiraling starts to kick in. When that happens all the banks will go broke. We'll see how it goes.
Ricky Guietterez also said the same thing. He isn't bullish, and his subscribers are also calling him stupid just like yours. Everyone is expecting bull run has started, so probably a flush down is necessary and inevitable as you suggested. I think maybe around 65k to 66k is a high resistance level to have one last flash crash to reset those open interest.
Bitcoin has skyrocketed in the middle of july and August as well. Hes right. Everyone was saying this is it in the middle of those months n then nothing at the end cuz it retraced.
Toby, usually you have some good points. I think you’re talking out of your arse here. The reduction of interest adds to liquidity which is a major driver in risk asset price increases. Money printing by government borrowing is also a huge part.
Hi, CC! What I think is that the US institutions are doing their best to keep BTC prices down. But retail newcomers are pushing them back. Just check the volume!
in this case I think like you, But how is open interest going to diminish? what has to happen?, the open interest is very sticky this time. no-one is thinking Bitcoin is going down longterm.
still waiting for 39-40k btc, I dont need it 75k too high price, yet alone i dont need it at 100k, i wont buy spot at 75k and i sure wont buy spot at 100k either LOL
Glad to hear you say it (0:56). The Fed lowering an interest rate is said to "inject liquidity," which always sounds like a euphemism for inflate more or dilute more… not actions I respect …but fortunately, we now live in a world with REAL money. Thanks, Satoshi❗️
Thank you for this Infos. I don't know why so many people without any knowledge about the market are writing that you are wrong.! Let's see in a few days 😉
Many of you are probably wondering why Bitcoin was not Skyrocketing when ETFs were approved, like every TH-cam influencer said would happen. Ps didn't how do you say about 2 years ago that she believed that CZ was also doing illegal things and that it would be the downfall of Binance and good riddance to all centralized exchanges
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BTC over 63K mang. obviously this fed bs matters
Every youtuber right now “don’t buy until I can get cheap BTC and a long going, I missed it.”
This aged well ..
Btc wont skyrocket in one day .. relax .. youtubers loves FUD.
even stevie wonder can see btc going up
Of course it moves up some. But later it will level out
@@jecrpalier -- it is already leveling out and it is already going up, up and way ... though there are often "corrections".
Snoozzie or Lozzie!
Goot 1
😂😂
I’m curious why youve been saying you’ve got buy orders in for high 40’s to low 50’s … but BTC is up about 15% in past couple of weeks???
No, THIS is why Bitcoin didn't skyrocket... BLACKROCK.
are we looking at the same chart?
Decent pop to me, shoot it hasn't done crap in 200 days.
@@bpprovit for a limited time
maybe his chart fliped by accident 😑
He said in the short term a pop might occur. But as long as a large "open interest" position exists, we'll go back down as market makers seek to "rekt" these gamblers.
@@ThomasKuhar yes in short term we have the DXY oversold and the upcoming tomorrow Bank Of Japan interest rate but the dollar is the world reserve currency and when the Fed Cut by .5 or a 1 point nothing will stand in the way and for sure bitcoin will rise.
You have been talking about flushing longs,if you keep waiting for longs to get totally flush out,then you are joking because leverage traders will never stop long and shorting of the market.
@johnokhide4929 the market brings as much pain as it can before it takes off...... after they get beat to a pulp we'll skyrocket they'll be around. the ones who don't get obliterated
Don''t forget that BTC was 10k lower about 2 weeks ago and started rising as soon as the talking heads started spruiking rate cuts. What is encouraging is that markets didn't buy the rumour and sell the news, which often happens.
These guys really have no clue how advanced traders set margin trades on both sides of a channel that bitcoin is in.
You are DEAD WRONG this time around. I’m only telling you this because you said you’d love to hear it, even though I think you are correct.
There's always ONE in a crowd! 😊
@@ThomasKuhar it was my turn 😂
Life is a gambol. And so is BTC.
You need to learn some more.....
@@ThomasKuhar I have been in BTC since 2014. The difference I didn't run and hide in another country. I preferred to fight like a patriot. I also know how evil Wall Street is and the FED. They are capable of anything.
profound
3 hours later... .this did not age well. LOL
Did it sky rocket?
Binance committed no crimes? Are you new to crypto?
This video is so weird…
lol I just wrote this before coming down in the comments. what a wild statement
Am I the only one seeing the market skyrocketing? What is he talking about here?? These are relatable people but they aren’t always right lol this one feels way off we’re pumping and there explaining why we’re not maybe it’ll drop back down but seems to be moving atm
go all in then
They are possibly in a different time zone and possibly released the video ahead of what you see or "skyrocketing" is defined differently to each of us. Micro vs macro etc.?
My portfolio has definitely gone up 15% since yesterday 🤷♂️
You have 48hours 😢until the Bank of Japan decides whether to crash the market again, carry trade.
Bitcoin skyrocketed in the middle of July and Aug but ultimately dropped lower. Look at the weekly chart. A dip is anticipated. But it'll go up again in Oct
I dont think you are dead wrong but i think the conversation about the American government and what they do sometimes becomes more important for you than just making money in crypto. I know you have a passion about it so it makes sense. But regardless about making money in this space and nothing more
Speak please more and more about the open intrest.
What is the open intrest today, to be high?
this guy is the ultimate debbie downer
And democrat.
If btc is pegged to the market we’re all screwed. The market isn’t going parabolic any time soon
Not skyrocketing my ass.
This guy is delusional
And Four Hours Later - the price is lagging and NOT skyrocketing.
BTC is skyrocketing right now…
5% is skyrocketing ?? Wait 50% or more
How is a few percent "skyrocketing" ?
@@chrisbarber7291 "skyrocket" - at least 100 miles in less than 2 minutes - straight up!
So 10% up in a day (or more)
or 50% up in a month (or more)
or 250% up in a year (or more) ...
5k is skyrocket 😂
🤡
Most idiotic thing I've watched today lol.
Please write again in a couple of days 😂
This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high, today I am more than 60% down!
All i have to say is ABOLISH the fed.
My BTC is up almost 6% since yesterday. I’ll take it.
IT WORK GO UP UNLESS TRUMP IS ELECTED
We only broke out this year because of the ETF launch i don’t see anything major pushing up the price other than more rate cuts.
still waiting for 39-40k btc, I dont need it 75k too high price, yet alone i dont need it at 100k, i wont buy spot at 75k and i sure wont buy spot at 100k either LOL
@@UniDeathRaven39k isn't gonna happen anytime soon
Because Bitcoin is now run by Blackrock
We looking at the same chart?
You must be looking at something else. It not skyrocketing.
Charts look very good on the weekly. That's what matters.
If you're not early, you're late.
As of now the price is going up
Toby, do you follow global M2? You can add it to your trading view chart. Only indicator necessary.
I think you’re right. 🖖
Really appreciate this channel
Should have waited a day before doing this video.
Rate cut helps liquidity. How is it meaningless...?
2021 January was the beginning of rate rise.
This video is aging like milk bro. The entire market is going up right now. 😵
Please write again in a couple of days
Thanks Toby! Looks like this time so many people disagree with you
They will see. I am also with Toby.!
we need to close above 64k today...or we are gonna move back down. The bears have some room for BTC to Move Up, but not much!. We shall see Toby my friend😁
One of the most measured and wise bitcoin spokesperson on YT. Thanks for another video...
Blackrock won’t allow us to go past )”k
What kind of Milwaukee are you talking about. The market is moving up. Have you looked at the charts lately?
I have to correct you there. Most money is created by commercial banks when they issue a loan. Dropping the rate by the FED invites people to lend more and thus more money (credit is the better term here) will be created.
Commercial Banks create credit, not money. The central bank creates money, but not credit.
@@spell66 Yes, but they're both USD and they both increase the money supply. The difference is that paying back the credit, or defaulting on the debt, has a deflationary effect. While the money created by the central bank does not disappear back into the thin air from which it was created. Because there is more credit than money, much more in fact, some call for deflation instead of inflation once the debt default spiraling starts to kick in. When that happens all the banks will go broke. We'll see how it goes.
BTC going up with Fed rates a sign of unintended manipulation
Toby thanks for keepin' it real!
But it did go up.
Ricky Guietterez also said the same thing. He isn't bullish, and his subscribers are also calling him stupid just like yours. Everyone is expecting bull run has started, so probably a flush down is necessary and inevitable as you suggested. I think maybe around 65k to 66k is a high resistance level to have one last flash crash to reset those open interest.
Good Crypto Tip… BTC doesn’t care about FOMC and FOMO
39.1 million at $62,343 Will they take it out?
Your body language seems like you're in short selling side pls do not short when market makers disided to go with long's ❤❤
Bitcoin has skyrocketed in the middle of july and August as well. Hes right. Everyone was saying this is it in the middle of those months n then nothing at the end cuz it retraced.
Toby, usually you have some good points. I think you’re talking out of your arse here. The reduction of interest adds to liquidity which is a major driver in risk asset price increases. Money printing by government borrowing is also a huge part.
?????? Bitcoin is skyrocketing Toby
It went up some. But definitely didn’t skyrocket as some are commenting. SMH!
Hi, CC! What I think is that the US institutions are doing their best to keep BTC prices down. But retail newcomers are pushing them back. Just check the volume!
Why is it always Long OI need to be flushed out insted of both long short? Is it the same if OI high or low prone to price manipulation?
Only when money printer goes brrrrr will the price go to new highs, last time this happened was March 2023.
You make good points. Play steady.
in this case I think like you, But how is open interest going to diminish? what has to happen?, the open interest is very sticky this time.
no-one is thinking Bitcoin is going down longterm.
can not hear what your saying too quite
Def flushes happen, can post the BTC leverage chart to show where they are sitting.
Tf this guy talking about lmfao
How is that exactly? Rate cut = me paying less in mortgage, that difference amount is going into btc.
With derivatives you can also hedge your underlying longs by selling futures which has an effect on open interest.
Thank you . Agree CZ . ..It was a real witch hunt .
Excellent video!
Don't swim agenest the current 😊
Biggest clown in the circus
You might have money and a few other investor types.. Most others don't in the current economy... So just saying keep waiting
Thanks
Increased Liquidity?
Increased marginal liquidity isn’t good for Bitcoin?
what do you think about Richard Heart and Pulsechain ?
what chart are you looking at Todd? stop trying to be the smartest guy in the room.
Toby? Who’s Todd?
Zero alpha on this channel
Open interest my open interest and open interest open interest
What on Earth is he talking about? Bitcoin is skyrocketing. Please adjust your sets.
You will not get rid of open interest. Wall street now controls BTC. Stop fooling yourself.
He’s delusional.
Yes m8 rsi running a tad hot
IDC what BTC or bitcorn does short term!
Buy Sats and chill.
End The Fed!
Restore The republic!
Pump only🎉
W Toby bro!
Sitting on my hands.
still waiting for 39-40k btc, I dont need it 75k too high price, yet alone i dont need it at 100k, i wont buy spot at 75k and i sure wont buy spot at 100k either LOL
I like that shirt!
ooohhh a crash soon title ... all in boys shes gonna pop!! Fuddd
Wrong
Glad to hear you say it (0:56). The Fed lowering an interest rate is said to "inject liquidity," which always sounds like a euphemism for inflate more or dilute more… not actions I respect …but fortunately, we now live in a world with REAL money. Thanks, Satoshi❗️
Toby even when btc "finally" breaks out OI will remain high. Let it break out this time ;)
nah they are sucking it out from shorts then longs
Thank you for this Infos. I don't know why so many people without any knowledge about the market are writing that you are wrong.! Let's see in a few days 😉
These youtube mofo's 🤦🏻 got lucky with shitcoins 2 cycles earlier now they all professors 🤮
💯
it up ...wot you not see?
Many of you are probably wondering why Bitcoin was not Skyrocketing when ETFs were approved, like every TH-cam influencer said would happen. Ps didn't how do you say about 2 years ago that she believed that CZ was also doing illegal things and that it would be the downfall of Binance and good riddance to all centralized exchanges
This TH-camr is not so smart.
Heading to Portugal next month for surf trip, Any recommendation for Wetsuit and Board rental?
yes. buy bitcoin instead
lol didnt commit any crimes ( perhaps what he was charged for on paper) you must be new here
Stfu rate cuts ain't hugwash
👍👍👍