THIS CHART IS HUUUUUGE FOR BITCOIN!!!!! TRILLIONS ABOUT TO MOVE!!! [pi protocol..]
News for bitcoin todays video were going to take a look at some very interesting charts and discuss why billions, if not trillions of dollars, are on their way into bitcoin and cryptocurrencies stay tuned, whats up everyone randall here from crypto love, todays video were discussing why this Chart right here is so gosh darn important and why trillions of dollars may soon be headed into cryptocurrency before we get into it guys make sure to like subscribe click. The notification bell also come join us over on twitter at thecryptolove, and also todays episode is sponsored by pi protocol, so stay tuned until the end for a sponsored review. Now, if we take a look at the market today, the whole market down a little over one percent bitcoin at 42, 877 ethereum at 32.99, bmb, 488 solana, 149, cardano, 128, xrp 78 and tara luna 80. Now weve shown you this chart before. But this is a very interesting chart to take a look at because when bitcoin enters the buy zone on dormancy flow, its only flashed five times in bitcoins history, but every time was an insane buying opportunity and it is flashing once again right here over my shoulder. If you take a look now this flash back here in 2011 at the bottom flashback here in 2015 at the bottom flashback here in 2019, at the bottom flash here in 2020 at the bottom flashed here just this past year at the 30 000 bottom – and it Is flashing once again, signaling hey! This could be a great buy opportunity for bitcoin and cryptocurrencies, because if we take a look, not only is bitcoin set up to do very well, but cryptocurrencies are set up to do very well too.
If we take a look at the total altcoin market cap, which is here in green and bitcoin, is here in orange, were seeing similar structural setup to bitcoin compared with the previous cycle, just stretched out a bit. So what is that? Well, we can see the log 1.272 and 1.68 on bitcoin charts being support and then resistance. We see this bearish divergence happening between the altcoin market cap and also the rsi down here now. If we take a look stretch, it out just a little bit again, we have the 1.272 log and also the 1.618, similarly being resistance as it was previously and support, but we also have this bearish divergence occurring again now, while history does not predict the future. Ah, it might rhyme just a little bit because whats about to happen is that hundreds of billions, if not trillions, are set to flow into bitcoin read and cryptocurrencies as u.s inflation hits seven percent for the first time in nearly 40 years now this is seven percent That they report, if you actually take a look at the data, this is like seven percent, where theyre like anything over ten percent, were just not counting so thats their seven percent, but really its more like forty percent inflation and its absolutely absurd. We see billionaires like this guy bill miller, putting 50 percent of his net worth into bitcoin, roughly 500 million dollars hes putting into bitcoin and some altcoins, not only that we saw binance buying this dip.
They bought 43 000 bitcoin thats a lot of bitcoin at 43. 000 thats a pretty steep price, not only that we also have micro strategies purchasing more. They bought another, almost 2 000 bitcoin and their average price for all the bitcoin they bought is 30 000, which is pretty close to where the price is now, which brings us to this right here, which is a very, very interesting game theory worth paying attention to. So this is according to fidelity, but they say we also think theres a very high stakes, game theory at play here, whereby, if bitcoin adoption increases the countries that secure some bitcoin today will be better off competitively than their peers. Therefore, even if other countries do not believe in the investment thesis or adoption of bitcoin theyll be forced to acquire some as a form of insurance, in other words, a small cost can be paid today as a hedge, compared to a potentially much larger cost years. In the future, we therefore wouldnt be surprised to see other sovereign nation states acquire bitcoin in 2022 and perhaps even see a central bank make an acquisition so because of game theory. Countries dont want to be left behind central banks. Dont want to be left behind. Everybody is going to want to get in on bitcoin and were seeing this right now in turkey as turks pile into bitcoin and tether to escape, plunging lira with massive deflation of the currency. Everybody wants bitcoin, which brings us to this chart right here.
It appears like we may be having a reversal of the dollar. Okay, the dxy index right here. These are three day charts and we can see back here from 2016 to 2018. There was a weakening dollar. At the same time, bitcoin was strengthening bullish. Again, we saw it here from march of 2020 to january of 2021. Again, bitcoin was bullish during those periods, so it looks like we could potentially have a little bit of a top here on the dxy, potentially a reversal in price weakening dollar. Well, that could very well coincide with a strengthening bitcoin, which could be very, very good for bitcoin. So that being said, the weekend is coming time to use your time to start looking at some bitcoin and all coins you might think about investing in because well, if we take a look at the first chart here, this is one of the top buy opportunities of Your lifetime, so you dont, want to let it pass you bye if you did enjoy that make sure to like subscribe click, the notification bell and now on to the sponsored review of pi protocol nft treasure hunts. Now some things about pi protocol to begin with, they have nft aggregator vaults. They have d5 2.0 with circle, nfts pegged in one to one ratios to their lps. They have treasure hunts both in real life and online. They have a price floor sweeper they had a new york treasure hunt where nfts got stored on billboards and all over the city, and they have an upcoming treasure hunt with 50 nfts to be collected in la and overall rewards of 15 000 usd now lets.
Take a look at the website here. If we take a look, you can see pi protocol nfts treasure hunts. You can click there to get pi. You can check out their deck. The audit, which well take a look at and their contract right down here. So an nft treasure hunt treasures are everywhere just waiting to be found, come join the adventure of a lifetime to discover valuable treasures and climb the ranks of esteemed treasury. Hunters now i did forget to mention this is a sponsored review. So clearly do your own due diligence. This is not an endorsement of the project im merely presenting the project to you, and then you can decide on your own because youre, a big boy or a girl. Whether this is something youd consider investing in now, pi protocol unlocks the ability to search far and wide in multiple locations like in the world of crypto. This creates a unique blend of old treasury hunting and combines it with new technological frontier. Pi protocol quite simply allows you to find nfts measure manage your own nfts for income while going on real treasure hunts within the d5 space. Now they have these pi nft vaults, so basically youre nft, saying hello. Can you hear me? Yes, im the old nft you bought ages ago and forgot about within your wallet ive been sitting in your wallet since without any value with it any use case. This is all changes thanks to pi protocol.
If your nft could drop you a message, it would say something along the lines like this and its true pi gives you the possibility to let your nfts work for you. Instead of letting it linger in your wallet interested, take your nft and go for a journey through the world of pi nft holders of whitelisted projects can deposit their nfts into our aggregator vaults and can earn passive income an addition of real value for your nft. Now, if we take a look at pi world, they have nft, so all pi nfts are provided by their partner bitgraphics.io. You can trade pi nfts, as well as all partner nfts on their marketplace and well take a look at the marketplace shortly. They have nft vaults. You can use your nfts and stake them into nft vaults to get a yield without adding other assets they have pools. So, besides the vaults holders of b circle nfts can go for the infinite pool to earn continuous rewards percent of each transaction goes towards the reward system in this b. Circle pool and treasures claim and collect pi nfts by solving myths, puzzles or get rewarded. In pi token, for being successful on the treasure hunt, theyll provide three different treasure hunts a week. Well, take a look at that shortly now your journey begins here, claim and collect pi nfts by solving missed puzzles or get rewarded in pi token, for being successful in the treasure hunt up to three different treasure hunts a week with excitement, awesome design, continuous growth and Passion now, how does it work? Well, the pi team will publish nfts weekly.
These nfts either contain a puzzle test that has to be solved or the nfts are placed somewhere in the www using a geolocation code. As soon as the user has solved the puzzle or found the nft, the first hunter who posted the correct result, can either request the reward or the nft itself rewards can be issued in the form of a pie. Token silver boards. Each treasure hunt is a different difficulty and will be recorded rewarded according to this, with alpha nfts placed somewhere in the www beta nfts contains a puzzle inside the nft and gamma nfts special treasure hunt now with the tokenomics right here, total supply. Six hundred thousand the token sales twenty six percent foundation reserve, eighteen percent, product development, ten percent team and advisors, eight percent and vaults, and staking thirty eight percent. We can see the team right down here. We can also see this staff right over here and some of the partners they have right here now lets take a look at some places on the website right here we have the pi protocol, nft aggregator vaults, and they have a users guide. You could check out right there if this is something that youre interested in and then, if we go on further, we can see the nft market where you can search for different categories, hot collections, different things they have available on their nft marketplace and then, if we Go here theres the nft circles, which you can take a look at here, which is basically a way of equating lp tokens with circle tokens, and you can see the s circle, the b circle and the bit circle as well.
And then here we have the treasure hunt. So this sounds like a very fun part of it, where the first user, who provides the correct solution, will win the treasure game. The winner can either claim the reward or the nft itself. The reward will be sent within 24 hours to a bep20 address, so they have ones like these, where you can basically decrypt it right down here or right down here, and if you solve it, you could win the nft or the reward. Now they also have a pi swap users guide, and if we take a look at the audit report, we can see right here from quill audits. If you scroll down, we can see that when we get to it right here number of issues, there are no open high, no open medium, no open low. There were resolved high and resolved medium and resolved low, which is good, which means that they addressed any issues that there might have been in the audit now. Lastly, i would recommend taking a look at a pitch deck, so you can find out a bit more information about the project, but guys that is all for pi protocol. If this is something youre interested in, you can go to pi dash protocol.io or click the link down in the pinned comment. Thank you so much for sponsoring the episode i will catch.