Egggg yolk, what is going on with my people, who continue to watch this channel, the Chico
Army & any newbie who aka a viewers of the tube.
Now, I’m going to play this clip, and what do you think it’s all about?
Riots?
Protests?
Chaos?...ya it was chaos, because you know how we Pokemon Go.
It’s time for Chico Crypto!
Wasn’t it a rush, 4 years ago….PokemonGo, released in the summer of 2016.
It was a summer of euphoria, not in a crypto sense, but nostalgic take me back to my childhood
type of way that burnt out quicker than it came, by the end of the year the novelty had
disappeared for just but everybody...but after this, 2016….came 2017 the year crypto went
pop, and at the end of that year, Bitcoin hit it’s peak of 20k.
Now, I quote this all the time...the more things change, the more they stay the same.
What do I mean?
4 year cycles my friends...and how it’s playing out exactly like it did back then.
Guess what was announced just a few weeks back?
Another possible viral sensation Pokemon game, called Pokemon Unite which will be available
for all mobile devices, just like Pokemon Go.
Now isn’t that just weird...for the Bitcoin 4 year cycle that everyone talks about…..we
should be getting ready to heat up in about a year..and we have a new Pokemon game….Same
as when Pokemon Go was released in 2016, about a year till the major heat up.
So a Pokemon Bull run conspiracy?
Well I just noticed that & with the way things are acting...it could be just like before...per
example this…..
Yes that guy just pulled a 1st edition Charizard, which today is worth 55 thousand dollars.
Yes, 55k for that partially foil covered piece of cardboard.
And you say Bitcoin can’t get back to 20k?
Now all of that, Pokemon Chico BS... is a good long term conspiracy….
But what about short term?
The markets were uh pumping yesterday...we started the morning just below 9k, but once
the stonkers opened and started pumping, BTC followed it right up, past 9100, past 9200
and as of shooting this video getting ready to break 9300.
Which is highly important, because last week we attempted to break that resistance, but
got rejected and rejected harrrrd.
Although, we have been settling into a range, with BTC average 30 day volatility hitting
lows, not seen since March of last year...
2019.
What happened then?
Well as we know, after the sideways March movements, Bitcoin went POP into April and
through May, and finally hitting it’s peak of 14k in June.
The more things change...the more they stay the same??
Are we getting ready to break out, after being stagnant...are we getting ready to do what
Bitcoin did in 2016...after the Pokemon Go viral release?
Well if you didn’t know, that year...towards the end of it...Bitcoin tested it’s old
all time high, hit late 2013, early 2014.
The 1200 dollar mark.
And why do I think this could happen once again besides charts, volatility, and pokemon?
Well the signs are all there….that Bitcoin and crypto is not going away, and will grasp
business and society, whether they like it or not…
Per example, the Bitcoin mining rush going on in Texas...we all know of Whinstone, the
mega bitcoin mine, being utilized by the likes of SBI holdings which is nearing completion
in the small Texas town of Rockdale...well this blog post was put out by the city, the
Rockdale Municipal Development District…”A Small Town in Texas Turns to Bitcoin Mining
to Survive”...in which they cover, that this was once an aluminum mining town..but
they are saying goodbye to that, and hello to cryptocurrency...from not only Whinstone,
but Bitmain has moved in and is actually setting up shop in one of the old aluminum mining
facilities.
Plus Peter Thiel backed Layer 1, has went live with their own operations in Texas, although
they have chosen somewhere 100 miles west of Midland Texas, out in the middle of bumfreak
nowhere, to get cheap power not because of fossil fuels like oil and gas..of which Texas
is known for, but the cheap wind power in that region
Now, I’ll tell you...these will be some of the biggest operations in the world, and
the most powerful mines...all living in Texas..and investors are pouring 100s of millions of
dollars into each of these.
Some of the smartest, and richest in the world….I doubt if they thought, it was going to crash
and burn with the rest of the economy, they wouldn’t be moving like they all are.
And large companies wouldn’t be looking for blockchain engineers, like payment processing
giant.
VISA...they posted looking for someone in their “Visa's Commercial Payments organization”
….and the job posting says “We're seeking a strong developer experienced with Ethereum
and blockchain architecture to be a part of a team tasked with building distributed applications.
Our ideal candidate has built and released distributed applications, has worked with
the Ripple, R3, Ethereum and/or Bitcoin blockchain, and has experience with Solidity.
That right there should get you bullish as can be, because Visa specifically mentions
multiple blockchains, but Ethereum seems to be the focus..as it’s Solidity, was the
only smart contract language mentioned.
But this is Chico Crypto, and we cannot be taking things as full on bullish, for no regards
of the CRAP in the space..because there is a ton of it….and there is another thing
we have to be weary about on the technical, chart reading side of things & it relates
to BITCOIN SV.
Going to coingecko for yesterday, which coin out of the top 10 had a pump, far beyond others...BSV.
So what does that have to do with where the markets will go?
Well let’s just pull out this chart, as we can see, starting in late November 2019,
and going through the new year, beginning of january 2020, bitcoin was in a range of
7k to 8k, that entire time...but then PUMP to 10k….
I wonder, what happened in early January?
BSV went on a tear, pumping higher than any of the top coins, from under 100 bucks per
to over 400 bucks per...and daily 20 percent plus gains on the way to that point.
Last time, January 2020 this happened, BSV pumped, alts followed, Bitcoin took some time,
but eventually followed, and then CRASH once it got to 10k.
And then pulling out the top gainers this time, over 24 hours, things look very similar...BSV
is top 3, but as we can see multiple other alts also having over 20 percent daily gains,
and then scrolling down, and down, and down….bitcoin is way down there….lagging behind a big
chunk of everything.
So, I wonder if BSV pumping is going to be an indicator of a coming pump, and then a
fatty ole DUMP.
I mean back then the time span of that bullish season, was from Janaury to March...3 months.
It’s July right now, 3 months away would be October, the FALL and next month would
be the general presidential election in the United States.
Hot and contested election...market volatility?
Then, if we are going to do what we did like last 4 year cycle 2016, I showed we tested
the old all time high earlier of 1200, well after a massive dump….from looking to smashing
the all time high down to 800, a 33 percent drop.
So this isn’t a prediction, but I do think it will be hilarious, if we test 20k before
the summer ends...not saying that is going to happen, whatsoever, but the fact that we
have a Tether market cap, that has increased by over 100 percent, since March….yet look
below at the volumes for USDT, the bars are getting lower month by month…
Why keep printing if no one is going to be trading it?
Well they will be soon, in my opinion, as I see things getting moving, across the board…..where
is USDT’s power located?
China, as we all know….and bloomberg covered it yesterday.
“China Imposes Checks on Large Transactions After Bank Runs”...what are they gonna do...
the Chinese?
Turn even more to crypto this summer.
Cheers viewers I’ll see you next time!