Will a new Bitcoin bull run starts on April or not? Where can ride us Bitcoin new bull cycle? What will price Bitcoin reach before we should consider selling it?
I'm coming to you today with a new video. Firstly, I'm going to cover today a lot of the questions that you posted in the comment section of the Community Tab. Thank you for doing that. This might be a new format going forward, at least maybe every month. Let's see how it goes. But I'm happy to go through these questions. Give you at least my view in my opinion. Of course. Uh, like anything in life, take one person's perspective and advice with a little bit of grain of salt. Do you own research, that's not necessarily a disclaimer, it's just a life lesson that I've, uh, I think has worked well for myself. Um, everyone's prone to making mistakes, and I'm certainly no exception. Second of all, uh, one other point I want to make that very, very important. Um, and that is timeframes.
When people talk about investing or trading, it is essential first to think about the timeframe that the presenter is, is discussing, uh, their viewpoint. A lot of people look at a chart, a daily chart for our child, whatever short term chart could be and have a longterm biasing and trying to extrapolate what the person's talking about on the short term to their longterm view. And, and that's, that's a dangerous thing to do. Um, so essentially always look at and think about the timeframe the presenter is showing you and then choose to either ignore or not depending on how that, um, how that relates and equates to your position and your trading or investing outlook, right? So if your longterm huddler of bitcoin and Crypto and you have a longterm view and you're not too concerned about short term volatility, then you know, don't look at the price every day.
Don't look at some of these short term analysis and even, for example, the 60-day analysis I'm going to cover in a minute. Don't go into that. Uh, and then let, for example, maybe a short term bearish view, pull you off your long term narrative. We are launching bias outlook. Um, if you're bullish long term and you believe in Crypto, you know, don't let a chart that shows, it may go down to three thousand and may go down 10% in the next few weeks. Don't let that throw you off. It's just noise, and it's prone to taking you out of position. And then put you in a situation where you've just lost, uh, lost the ability to get back in with any decent amount of size. So be aware of that. You know, you have to understand whether you, trading, whether you're actively trading or whether you're one of these, uh, position traders over maybe a monthly basis or if you're a longterm hotline.
That's also very important. Uh, what I have on the screen here is a snapshot of the questions that asked. I took out ones I thought were the most relevant, so there's around 15 or so. I'm not sure how long this will take. I'll try and give each question, um, the time they deserve and what it needs. Um, so firstly the first question I have here on the, um, the list is whatever you do, of course, please mention the 60-day cycle. And yes, I know that's pretty much on top of everybody's record at this point. So let's get into a few minutes, maybe three or four minutes on the current bitcoin cycle. Will it go here to a 60-day cycle starting from December to the present action? So we have one of the situations where to be perfectly honest with you, even I don't have an opinion, a strong opinion on whether we're going up or down.
And some people say, well hell, what's wrong with you? You know, well you saw you. If you can't tell me if it's going to, if it's going to be up or down. And if you're telling me it's up or down, how can you be wrong? Well, um, I can't be wrong, but I can only be wrong if I take a position and I lose in that position. And right now I don't have a training position. I have a long term buy and hold a position. Of course, I've said that many times, but from a trading position, I don't have one right now. I'm waiting for some confirmation. So I'm aware of both scenarios, and they are as follows, we are either on day 60 to have a cycle, or we are on day nine of the cycle. And why is that is because we had the December 15th low to a December 24th high day nine and we spent than 42 days grinding lower to this point here on February 6th that was in the window for the next cycle load?
Um, I've talked about February 15th which is today being right in the middle of that tiny band. So Day 62 is today, February the 15th. We are not low at this point. The last low we had was back here on February six. So at the moment that could potentially be a day 53 Psychology, I can't tell you definitively some of this work and analysis is revision mirror looking. It's, looks, it's looking back, and that's just the nature of cycles. Uh, we have to work with all the limitations of every strategy. And this is one of the limitations cycles. Adjust a look back in time and how an asset performed right now this here is 50 50 chance of it being a cycle and the reason for that is we had this vast surge on February the eighth that has now synced since really not done much.
It's just, and it consolidates those gains without, without really making any headway higher without any, any real threat of breaking higher continuing. But at the same time, it's also a held the lows each day. So managed to sort of hold on and initially I thought this might be a bull flag. That's for me here, but I don't think it is either. But right now it can break you the way we are still early enough or again reading a reasonable timing band for this red scenario to occur where we're going to lose the ten-day moving average support. We're going to break down and then finally come down to form a cycle low later in the timing band. So if you can sit up maybe five to 10 days from this point forward, that puts us a day 67 to 72 into, into the timing band for a cycle low, nothing outrageous, well within a rational or reasonable timing band for a cycle low.
And then we can rally up from that point if that would have happened because it's already on day 62. The longer this moves sideways and then drops the most likely to shorter, the decline will be. Because we are in the are kind of advanced in cycle count, I did not necessarily expect or would think who would see sort of a massive capitulation, um, which puts into which put us, um, which gives us the idea that this December 15th low principal deed ended up becoming the four year cycle I talked about in previous videos. We could be looking at with this red scenario, a double test that double bottom, I should say, oh, the December 5th cycle. And that would be extremely bullish because we had only nine days of rising action a cycle. And we had all of this sort of consolidation, all of this accumulation here without the market being able to move lower.
And then finally a cycle low in this area of being a double bottom would set the scene for carnival Bam market four years cycled bottom. And his point, it also means that the next cycle probably ought, we should break above this level and should also break above the December 24th level and rally maybe up to them, so a high $4,000 range, perhaps even about $5,000 range. But I would also think with an April cycle load Jew, and it was 60 days after that, I think the more likely scenario is that we get a little bit more of a fake, get everybody excited and then kind of retrace back a little bit. And this is just bare mark and mechanics still, even though it may be a new four-year cycle, it's just a, it's just the market playing on the bowls and testing their patients more than anything else.
Uh, that's the ones that I worry that I'm looking for. This is the one I'm hoping for it to be honest with you. I want this come down because it provides an apparent cycle at low, um, and a clear entry on a reversal higher to at least take advantage of a good part of the early, early move of the cycle. If we get this green scenario here and the zoom in just a little more, if we get a breakout from here and we exceed this January 19th high, which on this exchange here is at 36 37 75 that's a signal for me to go long in this case. I think there's right extended in the cycle is too far along for this to be a continuation of this cycle here in the day 60 count and then I think we're looking at a day 53 low and we're looking at an extension and a higher move is as Greek here as this green trend line suggests.
So then, so I'm looking for this confirmation. I am not going to be shorting with Margaret anymore because it is too long and too far out. The only time I would probably show it would be a break of this day, 53 low. So once, if it gets below 3,200 $3,300 area, I would probably short at that point, uh, only because there is the possibility that we'd get a massive capitulation towards the end of February into that cycle at that point. So that's, that's something that offers me at least some risk-reward, uh, to take that bet. But until then, there's no point, even if it started bringing the army, there's not a point until this day 53 psychologist taken out for me to get anywhere long in this. Um, um, sorry to get him a short on the long side. I'm looking for a break on January 19th to go higher on that point.
The smart way you should try to start Bitcoin trading with small amount of money
So that's the analysis on the 60-day cycle. That's a helpful according to some experts turn based on how the Jenks bear markets are 20, 23 priced below 1000. Uh, okay. Uh, what are your thoughts on this as well? Uh, I'm friends with Tony. I know him personally. I don't remember the title. I don't know any of these hyper wave work is mentioned quite a bit online. One thing I will say is I will never pass judgment or criticize anybody else's work. Um, if I have not at least analyzed and got a feeling for what it is. And in this case, I have no idea what that work is and what that body of the analysis looks like. So I can not pass judgment. And if anything, I know Tyler, it has decades of experience, so I'm going to assume his, um, you know, he knows what he's talking about as well.
There is room in, in every asset and every market and every training for opposing alternative many different views. And this is just one of those cases I just cannot and will not and don't care to go into our other analysis. I stick with what I've learned, what I've studied, what's worked in me and you know if my analysis is incorrect, that's fine. That happens often enough. I think I mentioned it in the last video. Most of my, you know, my trader are incorrect or wrong 40% of the time. So if I'm wrong, that's where my risk management comes into play. That's where I make sure that I'm escaping every one of that 40 % of cases with as least amount of damage to capital as possible. If anything, I want to come outbreak even and when I come out with a small loss, but my risk is always defined, my risk is still managed and that allows me to be a little more confident in my views and uh, but we'd be quick to admit when I'm not right.
I might ask us and to the pivot if I have to get out or even change direction and go with the, uh, the new direction. That's something that is very important for everybody to understand. Okay. So hope that answers that question. Um, so this is a, again, Ken has got three issues here. In a previous video, you indicate low for bitcoin would be February 50. After that price of golf slowly, has that changed? Well, no, it hasn't changed. Let's go back to that image. They've got to cover that here pretty well. Um, you know, like anything that likes cycles and anything else. So just it's just a matter of lay press evolve, excuses me. Seeing what the market wants to go and uh, I have an analog but again, it's not definitive, it's not an absolute a view and the statement, it's just a matter of evolving with the cycles one after the other to see what the market wants to do at this point it's come close.
Now when you, that cycle load point volatility's been pretty, pretty light in general. We're still pretty tight and the barge events, so I think the move is coming. I think he's just going to show itself and reveal itself reasonably soon. February 50 this today. Uh, I would love to see a two or three four day break down into this area or maybe even, like I said, double bottom and then reversal. And that would be a perfect cycle low, and that would be exactly where I would expect. And then the second part of your question, yeah, I think we do get another sideways move. I don't think we're going to see besides his huge counter-trend moves that probably or could occur early in the cycle. I think over the 60 days for the next couple of cycles, maybe to the summer, perhaps even to the four or the autumn for my European friends and my world of friends.
Um, we, we could be trapping mostly sideways with some slight upside appreciation. That's something we should all be prepared. Um, so yeah, I think that's an answer to that question, and then, okay, I duplicated the problem there. So that's long versus short ratios. How it affects price ratios themselves, I think I don't change price really in any way. Uh, maybe your question is how did extended position and the short positions affect price? While I mean, long short levels represent sentiment in the market. So when we see an extended, significantly long position or significantly short position build up, that's merely the market with a collective ecosystem of an asset. Um, tell us that they are, they're all pivoting or moving with one view in mind. And we see that in cycles are represented in cycles. Early in the cycle. You have a capitulation shorter in a huge position and they get caught.
They get covered, meaning that price begins to to to rise and short position goes against them. They have to stop buying back those positions and that forces price higher. That starts to unwind a short ratio or high short ratio, a position and that provides kind of the energy for a cycle to start rallying higher. Then what you ended up happening, people start to perceive that as being a tone, something bullish. The market's going to go higher again. You start to see sentiment into on Twitter and social media and also in medium and general began to talk more bullish. You start to get an accumulation of long positions that begins to drive the market higher and then you get this ebb and flow fashion occur. So if the four year cycle with a position higher than that, that buying or continue for long period of time into the 60 day cycle.
If the, if the market is in a bear market, then you're going to get kind of an early topping process. You're going to get some selling. And then of course the leverage long position begins to unwind, right? As they start to hurt, they're there on margin. Uh, they started to lose, they overleveraged and then you get this, you get this pendulum effect occurring in the market where then selling, uh, selling means more selling and then you get to a point where people start to think, well, this is actually going down. So that's short this markers. Then you get this whole cycle effect over the 60 day period or four year period whether the cycle length is occurring. So that's essentially where I, that's how I view short and long ratios, long short impact on price. It's definitely a, um, definitely sentiment plays a major role in that.
Next question is Alex, what's probably be BTC goes to one calle below? I think very, very low. Uh, I don't see how, uh, I don't see how these asset really gets below one K to be perfectly honest with you. It doesn't mean it can't happen, but again, I just don't see it. What's the probability of 2017 was the last bull run once he went from no, 10 years. Again, low. I think we are early in the evolution of Bitcoin and Crypto to see sort of these long four to six year bear markets. I think that may come in the next uh, in the next four year cycle after this one. But I think, I don't think we hit the first real retail mania phase for this asset class. It got a little close, but I don't think there was massive broad participation. Like we saw for example, in the 90s with the.com era or the goal phase at the end of 2011 were around 2011.
We just didn't go anywhere near close enough, I don't believe. And also from a market cast it cap standpoint, it was below 1 trillion total, I don't think for a worldwide acid that's anywhere near sort of blow off top. We had from not mistaken, somewhere around three point $7 trillion in.com stock valuations at the peak of the 2000 by one. That's pretty much a US phenomenon. It wasn't a worldwide deal. We're talking about a worldwide asset class right here where everybody has the ability to get onboarded and you get into this phase. Uh, unlike stocks where you need a brokerage account with Crypto, it's pretty easy to get on board. You can buy, you buy on the street with local bitcoins, you, there's plenty of ways to get involved. Point being that I just don't think from a market cap standpoint, we saw anywhere near the levels that will tell me a 2017 was the final, or at least a ball that you won't see repeated for a very long time.
So how would JPM token effect BTC and a long and short run I think. I think that's a key brought positive news. I think that's just confirmation that people in the traditional banking world see the need to have some type of coverage is some type of product in this space. Yeah. Obviously it's not a competitor to the public chains or the decentralized change chains that we see today, but they, uh, inspired JP Morgan token is inspired by the efforts and what's going on in the market. On the public side. It is a perceived threat. There's no other way to look at that. And it's, it's, it's a subconscious thing on their behalf, but they see the potential threat down the road to some of their business in some form or fashion. And this is just validation in my opinion for BTC and also block chain type technologies in general and the public, um, technology. So this is good. I think it's really good. I don't see how it impacts any of the public technology. I could see if I can see it impacting the ripples, use case or ripples. Um, sort of, uh, you know, bias for sure. Uh, but again, I'm not sure if that is going to matter too much on ripple in the short term as well. Miguel says, asks accumulation phase or distribution phase on bitcoin. I think we are past distribution right now. We had that very long. Let's flip back.
He was a huge, huge distribution phase right here. Uh, this gateway to more capitulation. Um, final seven here we've got a combination of, um, uh, distribution still probably going on, but I think now we've got a lot more accumulation that started especially, especially because we have this cycle picture here, which was day nine high, 40 days lower without exceeding this load. So that the, we had nine days of Verizon, 42 days of declining and we still do not see a new price low. That is accumulation like behavior. We probably will see, um, we probably will see more accumulation over a couple of cycles before we have enough accumulation of enough strong hands now built into this phase and into this foundation for the pricing and to begin to accelerate.
Um, how futures effect BTC market? Well, this is a multilayered type question. Um, so futures, uh, more of a forward contract. It's an agreement between parties to buy and sell at a future date, at a future price. But futures are essentially a paper Bet, right? It doesn't, you don't have to have skin in the game to answer with your futures agreement, futures contract. Um, yeah, obviously you need to stand for delivery in the, in the future date, but you can easily buy that or sell that or pass it on. Um, so I think what, what the future's market has allowed is for people to come into this space and really pushed down price or sell. So becoming down the future and really move it where it didn't have that mechanism in the past really, there was very limited ways to, to sell. Um, bitcoin obviously you could sell in the spot market and whatever.
No one of the coin you owned, but not in a leveraged type fashion. I think that accelerated, we didn't necessarily accelerate the, um, the bear market, but it's certainly, it's certainly helped push it lower. Uh, it was going to top the matter. What I think in the long run though, I think what it does is it provides more volatility. Um, uh, potentially shorter voted, but it's going to stabilize Christ as well. It's gonna allow more discovery, a price. It's going to allow more participants into the marketplace. And uh, yeah, I think overall it's, it's, it's going to help mature a bit coin as well, and the other time it's actually going to decrease volatility because of that. Um, but yeah, I think, um, I think it's, I think it's actual effects a little overstated in general. I think there's a lot of sort of fear of fear about it, but, uh, I think it's only going to help expand bitcoin into more traditional markets over time. And it's really one of the first steps to say ETFs and other types of investment products and as assets in this space.
And then next we have, Michael still haven't seen the volume capitulation that was signify a clear trend versus what are the odds that just isn't one. Okay. So, yeah, that's a good question. We didn't see with this decline here, huge volumes, although we did see decent sized volumes. Um, I do love to see massive capitulation, massive volumes into Lowe's. It's not a requirement, but it's something you see a lot of time during these market declines. Um, so could we have a bottom without one of those were, again, this was a decent sell off, but if we get kind of this rounded, not necessarily a rounded bottom, but if we get a multi cycle process of bouncing along kind of this bottom here, that could be enough distribution of selling of a time where, um, you know, where we could just move higher. So I don't think we necessarily need to have that huge self for the market to move higher. Uh, there are, there are many cases I've seen Marcus and the bottom like this especially because we did have, um, this why consolidation for so many months. And then there's so a fear that that could be it with a couple of cycles added to it.
Correlation. Where am I? Sorry. Um, correlation between stocks, stock market and Bitcoin. None. As far as I'm concerned, I think bitcoin is irrelevant at the moment to the stock market. And she's talking about, I'm talking about a pimple here on the elephant's behind. As they say bitcoin and the market is still way too small to be impacted or have any real correlation at this point to this talk Mako. The only thing that comes close to anything that's, that's correlation is the stock market is typically a risk on type market. So, um, you know, when people want to put capital to work, they want, they want to have a risk on stock markets, a place I see big coin at least now as more of a store of value. So it has more of the gold properties. So it has a lot of uh, a lot of hedging, a attraction to, to the market.
So I think if we do enter into a global recession and the stock market begins to decline and money starts to outflow from the stock market, I do believe Bitcoin, we'll see inflows because of that as a safe haven, just like God words. So I think there's an anti correlation to the stock market, but not, not because, um, you know, there's any real tie to the tube, but purely because they have different serve investment themes for a lot of the participants as well. Your thoughts on some right here, your thoughts on the future of Crypto and blockchain? Well, I mean I, I'm very bullish on crypto. I am very bullish on Bitcoin, perfectly honest. I'm not sure bullish and anything else, I think there isn't much room for multiple crypto currencies. So just using the word currency there. Uh, I'm not a proponent of all of these payments like coins for example, dash and stellar and so forth.
I don't really see a market for many of those. Uh, I think bitcoin's going to be perfectly well suited once, once technology is solved and as technology evolves to serve as both a store of value and a payments, the solution. So for me it's really about bit coin. Not that I'm a maximalist, I'm not really tap myself as being something like that, but I think bitcoin is really all you need. Uh, and then when it comes to blockchain, I'm a little, little very skeptical. The need for foot block chain to me lot changes. One part of one part of the mechanics of bitcoin. I think without a purely decentralized permissionless public ledger, a blockchain blockchain is kind of useless in my opinion. I don't see a technical merits from a data storage or data perspective. Uh, as a technology, I think it goes hand in hand with the public decentralized component.
Um, so that's my view on that. Um, can you talk about the price of the dollar and BTC sonar suggests a leg up to $110 index and then down to 60, which would bring one of the big shorts, presumably a leg up would impact lower BTC. Yeah, I mean it should. Um, so how could we put this sort of bit coin is a commodity will liken Kamari trades like a commodity, a dollar and commodities generally have an inverse relationship. And that's because the dollar is the reserve world currency. Every commodity market essentially sells in US dollars. So if you want to buy any commodity, you're essentially first converted to US dollars and buying that. So it makes sense that if, you know, if the price of the dollar goes up, um, you know, then the commodity will go down and so forth. So, um, that is definitely hard to come already.
Markets Work and how the gold market works. I'm not sure if the bitcoin market it's going to work necessarily that way. We don't need to sell in US dollars. They're not traditional commodity markets where he needed a dollar necessarily, um, to, to transact in bitcoin. It is definitely a global asset that, um, you know, people are transacting and local currencies as well. So I see less of an impact like you would, for example, seeing on gold when the dog goes up or down. Um, certainly if I'm, uh, so certainly in, in other currencies, pricing of the currencies, you'll see a, you'll see any impact there, but with a dominant so much so, and then risk Ninja eight says, uh, asks, I want you to play devil's advocate on your cycle theory. While I'm doing that, I have done that. What Causes Cycles, cycle transformations and in your experience how to take advantage of these were holding the 200 for now, but a big fat one of youth is also needs to be considered.
Well, I don't use the 200. I don't use moving averages, but I'm giving you what is right here. This is exactly what I did today. Uh, it's exactly what I do every day in my trading. I always think to myself, what if, again, the cycles here, people seem to think that this is not that ta where if you have a, you know, a triangle breakout, then it's clear, right triangle bring, it means x. It's going to move some way. Uh, cycles. Don't tell me that. Cycles adjust this rhythmic motions ebb and flow, a depiction or price on a chart, but you know, the, the kind of vague at the same time and we get, you know, long cycles. We get short cycles will get cycles at a top, early tight circles that top of late. It's my job as a cyclist to try and get a feel for the pulse of the cycle, which means a feel for what the community, what the ecosystem and what everybody who's trained this asset, what they're feeling, what the sediment is like centered this prices represents in the cycle represents sentiment.
That's why I said earlier, it's a backwards facing viewpoint. If you'd get ahead of the cycles and start to think that you know exactly how the next cycle to evolve and the one after you start to get yourself into trouble. Even in my four years sidecar presentation, I had shown him that you know that that's one viewpoint. It's using the trend is using the macro analysis that I have, but it's not guaranteed to necessarily go that way. We could still see a continuation in lower and there'll be no reason why I couldn't see this drop down and then you know, kind of this come down and make it a lower low and April. It's still would be within a reasonable timeframe for a four year cycle in April. Okay. So yeah, we have to be flexible and we have to be ready to adjust quickly.
The, the, the, the scenarios I present generally the one that most fever from a cycle standpoint, but they are not absolute viewpoints and I can't keep reiterating that enough. It's not an absolute view. It's a guide that I think has a, gives me an edge and that's how I want to position myself. But at the same time I'm looking for the other scenarios that tell me that, well, maybe it's not the case. This is what the case is, then I can adjust quickly and pivot. So that's the, that's really something that's important for everybody to understand. And then principals when deciding how much profit per set of teeth, when when we decided to sell and reinvest, sir. Okay. This is, this is definitely a question about timeframes again. Right? So it depends on the timeframe. Um, if you're trading long, longterm, then something like the four year cycle works perfectly well.
Right? So yeah. How much coffee take you take? A lot of profit. You take most of your profit at the top. If you've gone from 1000 to $20,000 and you are so extended on any chart. If you look at something like this, right? If you look at something like this as a weekly, which is, um, all Japan is not going to work there for a second. If you look at this move on the weekly and you and you see go from $800, you know, to $20,000, well, you know, you gotta know when enough's enough, you made enough profit. And what the likelihood that a parabolic move that moves, you know, $15,000 in five weeks, how much more likely is that to continue? It's not each have to be, you have to remove, remove yourself from the bias at that time and traded accordingly. So it's all about frames.
Going back to your question about when to take profits, how much take away, yeah, you want to take a lot of profit, you want to take most of your profit, but you also want to ride the move. You want to take profit [inaudible] it's kind of an art. It was science. You have to look at the market and get a Philly for where it could go and you start to scale out of profit. Um, so, and then reinvest, same thing like now, like if you're, if you're a long term holder or a long term viewpoint, then yeah, you're scaling in. You should be fully positioned by now if your longterm, uh, and then maybe adding some more on some tips if you need to if you think too, but again, it's all going to be a reasonable allocation to the market. And then in a, in a short time frame, it, again, it varies by strategy.
For example, if, uh, if I bought say this break here, you know, I'd, I'd probably want to take, you know, 50% of my profit up at the next level, which is probably around about a 10% move. Uh, and then I would want to move up my stops very quickly to at least the breakeven point and above. Okay. And then I'm wondering, well I'll let the rest ride and see what the cycle can give me. I want to hold, hold, hold. And if fees can go up higher like this, I want to be, I want to be positioned with at least some of my, my uh, my initial investment and it's from a, from the 60 day trading standpoint all the way up as far as he can go to a reasonable level. And what I would do is I would either look for reversal to get out or look for a logical extreme point that may want to get out from.
And that could be something like this area up here, which um, you know, there could be some, some resistance up there. So I may even like when a hold all the way up to 5,400, maybe it gets up there. If it doesn't, then I wouldn't hold all the way back down. I would get out at some reasonable point. I'd probably, I'd probably chosen on like a 10 day moving average. Um, so here it is here to nine moving average by that point may be up around this area here, 4,400, and then I would probably use that to get out. And that's just an example of kind of what I would do. I hope that answers your question again, timeframes have very important and then XRP analysis that already we haven't except p analysis. But let me see if I can get into that a little bit. Uh, XOP. Yeah. XRP It's just, um, it's trending sideways. It's kind of rectangle pen right here. I think this is bearish overall. Be a little bit of a sort of a head and shoulders forming here has formed, should say.
I'm just to a drawing on the fly here. I'm not positioned in this, so this looks like it could be turning over. Uh, the news on the JP Morgan coin is probably going to weigh on this market little bit here, but yeah, this, this is not bullish in my opinion. If anything, a break kind of below this line here could, could get you in short or out of, out of Xrp as well. All right? That's the analysis. If you loved or liked this video, please like it. Please subscribe to the channel. Um, and the only ask I have and asking you to do anything else. No. The pitch nor the codes in, in this video. That's all there is for today. Um, I probably would try and get back to you in a week or two with another video. Again, hope you enjoyed it. Have a great weekend and protect capital. Always, always risk only what you can afford to lose and don't chase the market. Thanks again and take care.