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welcome back everyone Mariah monetized
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here and in today's video we're going to
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be going over the price of Bitcoin and
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where I anticipate the price to go yes
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it's been a minute and me just like
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everyone else is coming out of the
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Woodworks to talk about Bitcoin it's
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been several months since I made a video
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and one of the biggest reasons why I
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haven't been around for that long or for
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a period of long period of time is
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because I am rarely at home by myself I
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work from home I'm T typically working
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with people from home and so it's really
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hard to find a quiet moment to make a
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video but I am visiting my parents in
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California and I finally have a moment
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of silence by myself to make a video so
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we are already celebrating Christmas out
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here in California and I am looking
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forward to talking about Bitcoin today
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so it's been extremely hilarious to come
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back to California and for my parents to
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be like freaking out about Bitcoin
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and trying to accuse me of not telling
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them to buy more Bitcoin after I told
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them about 15 times to sell everything
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they had back when Bitcoin was $1,000 to
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buy Bitcoin and live out of a van I told
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many people to do that and um most
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didn't listen and are forgetting the
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fact that I told them to do that I mean
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I didn't personally do that but I
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definitely have stayed invested and
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tried to have um basically taking every
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single dollar I possibly have and buy
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Bitcoin over the years so um anyways
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let's get into the price of Bitcoin
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where I see it going so the things that
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I'm going to talk about today are
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nothing crazy they're actually kind of
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more on the basic side and a few
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different like indicators and things
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that I'm personally watching to um
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basically catch a local top so what I'm
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currently trying to do is catch a local
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top on bitcoin to sell a little bit and
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to buy back a little bit lower once we
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see a pullback I think that we are due
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for a pullback on Bitcoin in the next
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month or so and that is my current game
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plan so a few things that I am
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considering is the psychological top of
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$100,000 so um just so you guys know I
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watch tone Vay and I get a lot of my
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insight from him and um he's been
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trading for I think over 20 years and so
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he has a lot of great information so
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check out his um videos if you guys want
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to but a psychological top is something
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that we should always keep in mind okay
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big round numbers is where people
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typically sell their buy orders okay I
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mean put their buy and their sell orders
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so an amateur is going to put you know a
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sell order for Bitcoin at $100,000 but
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someone with a little bit more insight
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is going to be putting their sell orders
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between 98 and $100,000 because we know
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that that that 100K is probably going to
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be front run a little bit so it's always
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a good idea to kind of Stack your buy
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and sell orders just below of where you
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think it's going because we know that
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we're probably never going to catch the
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top and we're never going to catch the
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bottom and that's okay so I am
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anticipating I mean anywhere probably in
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between 97 and 100 is where we're going
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to see the next local top uh I could see
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that actually happening in the next
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several days um let's go ahead and take
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a look here at the hourly on bitcoin
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coin so as you can see there I have a I
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have a line drawn at
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97179 so kind of looking to pay
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attention to Bitcoin in that particular
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range and maybe scale out as it kind of
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gets into 100K we just broke all-time
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highs today and um I do anticipate
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between now and the end of the week to
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see a little bit more uh room to the
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upside I also have this trend line drawn
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here and I actually Drew this on the
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daily so I drew this trend line on the
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daily and what I would be watch watching
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closely for on this trend line um what I
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anticipate to happen is we see a break
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into anywhere between 97 and 100K and we
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see a bit of a pullback at least to this
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87,000 86 $887,000 range um but I would
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say also set some buy orders below that
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so here on the daily um what I'm going
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to be watching closely for is not just
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only a break of the trend line but a
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daily close Okay so we might see a break
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of this trend line like on the hourly
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which has in my opinion a little bit of
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significance but when we're looking for
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more significance a stronger indicator I
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am looking for a daily close below that
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trend line so that's what I'm
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particularly looking for um selling off
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maybe a small portion of my Bitcoin and
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buying back around between probably 80
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and 87 is where I will stack some um buy
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order so you see all these different
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colors here on my chart this is
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something that I really haven't talked
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about in my previous videos but those
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are Fibonacci lines and so it's
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something that I really um started using
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maybe this year when I took uh was in
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like an options trading group and the
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good thing um a good you know way of
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using the Fibonacci or a good reason to
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use a Fibonacci levels is to um
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basically predict all-time highs right
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so we are in all-time high range and
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what you want to do when you
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are let's see
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here basically when you draw Fibonacci
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levels you are looking to draw it from a
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swing
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High down to the low here so it's kind
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of up to you what I did was here was a
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swing High I drew it down to here you
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can see that there was a wick down a
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little bit further so I drew it around
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the 52 area although there was a wick
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down to the 40 uh 49 area for me I like
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this better because there were more
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touch points on the chart so I took it
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as more of an
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accurate um way to draw my Fibonacci
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lines and if you take a little bit
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closer then you can see how much was
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respected here at this $887,000 range so
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when Bitcoin was pumping I was
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anticipating 87 we obviously got a pump
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a little bit above that but as you can
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see we kept on having these smaller pull
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back it were in that $87,000 range so a
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lot of respect of um that current level
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there as you can see obviously we blew
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past it but we came back and we retested
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it several times so I think that we will
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see um probably between now and the end
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of the year I am anticipating another
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retest of that particular
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level another thing you know when it
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comes what we're in all-time high range
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so that kind of changes things but
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always just be looking left so for
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example um we're in alltime high range
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so there's really not an opportunity to
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look left but for example you can see
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something very important here and this
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is something that you can use in the
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future so as you can see Bitcoin was
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trading for quite a while in this range
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of like 72 and 54 right quite a quite a
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long Channel there and when you're
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looking for Bitcoin like you know this
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was obviously that high of about 73,000
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and we were watching Bitcoin try to
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break it but look how many instances
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Bitcoin made an attempt okay we see it
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here we see it here here here and also
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here and what you can um how a
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perspective that you can look at it over
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time is that it's a bit of a ceiling and
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the price keeps on trying to break
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through it and it gets a little bit
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weaker over time and this can also
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happen on the downside as well so it was
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eventually going to break and obviously
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it took some time but the way that I
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perceive it is every time it challenges
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the previous all-time high it kind of
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weakens it weakens it so as you could
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see here finally we tried to break it
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couldn't had a pullback and then just
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blew right through the previous alltime
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High um so that's what I'm talking about
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when looking left so another way that
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you can also trade that is as you're
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looking left you're basically if you
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think that you know the price is week
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going into that previous all-time high
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then that's an opportunity to obviously
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short so um that's basically how I drew
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my Fibonacci
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levels and um what you can also reflect
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back on is you know I always like to see
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how Bitcoin behaved in the past I like
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to think as cryptos and stocks as having
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a
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personality and you know they're kind of
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like
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people they they don't really change
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that much you know maybe a little but
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you know people typically stay the same
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over the years it's very rare for
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someone to really make any d d dramatic
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change in life so as you can see back
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here um same sort of thing where here
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was that Fibonacci level as well I mean
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kind of similar price action so you can
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see that Bitcoin ran up here um and then
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there was that pullback so if you're
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looking at it from a Time perspective
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you could see here that I mean and this
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is where this $41,000 $414,000 range
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would be equivalent to like what Bitcoin
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is going to hit in the $97 to $100,000
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range that basically happened on January
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21 no excuse me January 8th 2021 and
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then you can see how many times it
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pulled back and respected this level and
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it did it for the last time on January
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27th so that was uh approximately 3
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weeks between that time time range and I
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think that also an important thing to
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look at is time periods when we're
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trying to predict the price whether
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we're trying to get in get out for most
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people I always say it's not worth it to
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try to trade and get in and out um but I
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definitely feel like I have spent a bit
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more time on education over the last
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year and feel a bit more confident in my
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decision- making and um I always look at
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the charts and I'm like anticipate
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something to happen and it typically
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ends up happening I just never execute
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um kind of sort of out of out of
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laziness this Fibonacci line you could
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even see after Bitcoin hit that all-time
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high of 69,000 that it came back and
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respected that level many many times so
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um you know Fibonacci levels is
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something that I haven't used in the
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past but I think it's a really nice
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indicator to use um when it comes
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to um predicting all-time highs so let's
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go ahead and take um a little bit of a
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closer look here
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on bitcoin so obviously we see that
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daily chart we've made an all-time high
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high today which is rather bullish we're
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currently sitting at
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93,000 312 and the high of today has
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been
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94105 and another thing another example
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I can kind of show you when it comes to
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psychological tops is that you could see
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here uh this is just a few days ago on
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the 13th that the high was oh wait let's
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see excuse me for a second here
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um H that's weird I was looking at maybe
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a different exchange earlier where it
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was like uh
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93,9 189 so just kind of something to
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always think about when we're hitting 95
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96 97 98 is those psychological numbers
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where people kind of are anticipating to
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get out for me it's kind of weird I
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think it's always good to kind of front
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run those numbers but it's just a common
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thing when you look at buy and sell
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orders there's typically a lot of
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thickness at those levels so here we
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have the daily
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chart and let's go and take a look at
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the 12h hour 12h hour looking strong as
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well um I think it's important if to
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really draw this trend line here on
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um on the daily chart and like I said
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like it it might break it on the hourly
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the 4 Hour but what I'm really looking
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for is a daily close below um as a
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bearish indicator so looking strong on
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the hourly as well we might see a
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massive breakout honestly today is
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possible um but if not today
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sometime this week here let's take a
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look at the
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hourly yeah so all these time frames are
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looking rather
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good and um that's pretty much my
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current game plan going in to bitcoin
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I'm not trying to like unload everything
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at 97 but um I am going to sell off a
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portion with the whole intention to buy
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back at a lower level and not just buy
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back what I sold but obviously to buy
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back more Bitcoin to increase my
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position so those are my current
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thoughts on bitcoin I hope you guys are
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all doing extremely well I've um just
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been working really hard the last year
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on building my scooter rental business I
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also rent Jeeps scooter rental pr.com if
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you're visiting Puerto Rico it's been a
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really cool thing because um I'm so
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passionate about scooters the first
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thing I did when I moved to Puerto Rico
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was I bought a scooter I had it for
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maybe like a year and a half and then it
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got stolen which I was anticipating to
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happen the whole time because I never
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chained it up I didn't park it in a very
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safe spot but it's been amazing um how
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many scooters I have rented over the
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last year and um the I started because I
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like wow like this can really make
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people's experience in Puerto Rico
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significantly better and that was
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something that really excited me because
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it's really important to me that when
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people visit Puerto Rico they have a
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positive experience um I'm obsessed with
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Puerto Rico and I want everyone else to
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experience it in such a way that I do
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there's just so much Beauty and culture
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and incredible people and so many unique
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experiences to have on the island so
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it's really fun to be in an industry
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where I feel like I can make people's
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experience in Puerto Rico better and
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that is definitely like the center of
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the business and so it's just been a
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really cool and awesome thing and yeah
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so that's pretty much it on the price of
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Bitcoin if you want to see more videos
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from me go ahead and leave a comment
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down below and uh cheers to you and as
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always go out there and create a
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portfolio that you love
