Hey yo, what is going on with the viewers of the TUBE!
Since I’ve been gone for a bit, I would like to re-introduce myself as Tyler, the
host of the crypto channel, that is always unlike the others.
No begging for your subs, no begging for likes, no bybit, leverage trading links.
And when I do sponsored content, I don’t hide it, I clearly state it is sponsored,
like you should...so It’s just me and my crypto content, that I hope you all love.
Because it’s time for Chico Crypto!!
So to begin….Why have I been gone?
Why the extended break for Chico, multiple times over the past month and a half.
Well I’m going to be honest with you all.
I’m struggling with a really bad bout of depression….
This has affected me over the years, I’m pretty sure it was there during my youth,
I just didn’t notice it...but I really started to notice it around the age of 23.
Actually before I started this channel in Mid 2017, I had a really bad bout of what
I call the sickness, and starting this channel was what pulled me out of it.
The channel gave me purpose, when I couldn’t see any in my life…
Although, I didn’t solve the underlying problems of what is causing this in the first
place.
I used the channel to mask the underlying problems.
I got lost in content creation, and spiraled out of control with bad habits which numbed
my underlying pain.
Well now...
I’m on a mission to figure it out!
I wish I could be the daily content producer that I once was...but I don’t know if I
can do that, and solve my personal deep rooted issues that are causing me to feel like this.
I’m trying to make major changes in my life...I’ve quit nicotine after years and years of use,
I’m leaving mary jane after years and years use...
I just want to let you guys know where I'm at before I start today's episode.
Changes are coming...I don’t know what they will look like, but they are coming...just
like the SET has been slightly changed since the last time I produced a video…I hope
you like the new look!
So now that my SOB story is out of the way….let’s get right into the crypto content since I’ve
been gone...Beginning with BITCOIN!!
The BEAR Trap….I’m the one who called this significant DIP, a massive bearish trap,
that would set up many shorters...and it would be a brutal one, getting even the likes of
me...thinking it was over...done with.
KAPOOTEEE…
And with the BTC wick down to 28k last week….I was like DANG Gina, and I was thinking to
myself….
I was wrong, this isn’t a TRAP but a full on bear market and we were going down further.
I thought about cashing out some of my crypto….they even got into my HEAD….
But, I HELD strong to my own personal beliefs, and didn’t cash out...but I bet a good amount
of people did, and a really good amount of people set up shorts!!
That is what the BEAR trap is all about….transferring from the weak hands to the strong, and REKTING
the shorters…
And the shorts...they did happen.
3 days ago, a top post on the Bitcoin subreddit was about BTC shorts being up over 900 percent…..
What contributed to this!?
Well a Wu Blockchain on Twitter posted a nice little tweet which dove into a single BTC
whale or whale group, who borrowed over 15000 BTC to set up this position, and it was the
reason we saw the dip over the weekend down into the 30k range...
So those shorts….salute them!
Because Chico thinks they are about to GET Rektity, REKT.
How so Chico!?
Well this state of BTC affairs, the downtrend….is because of Wycoff accumulation…..it’s
a market manipulators pattern, which is known throughout all markets, where the controllers...make
it look like things are going down...aka BEAR trap, but in reality, those that are controlling,
the manipulators, are the ones accumulating….
And I have to thank a PIKA, @crypto_OFF on twitter, give them a follow...for their chart.
Which shows how the BTC price over the past month and a half, is following this pattern...almost
to the tee...and I love how they call the spring in the accumulation pattern, aka that
wick down to 28k... the Fackout….
What’s supposed to happen after the FACKout….we are supposed to turn bullish, and push up
towards the 40k resistance levels.
So the question is….who are the manipulators doing this and how are they accumulating while
the price is going down!?
Well the large whales, the BIG DOGs.
They are not like you or me….they do not buy on the exchanges.
They buy OTC...Over the counter...not on the exchanges.
And according to DATA from Glassnode...just like during the May Capitulation, there were
large inflows of Bitcoin to the OTC desks, which got scooped up quickly and fevioursly,
especially when BTC was looking NASTY on the exchanges.
And even large players, like Cathie Wood, and Ark Invest...bought the DIP, her next
generation internet ETF, bought up 1 million shares of grayscale Bitcoin Trust, during
the DIP down below 30k….
There is accumulation going on...it’s just not being reflected on the exchanges...YET!
These large players, the ones with fat wallets, are setting themselves up for THE last hoorah
of this Cycle….
DANG Chico, why are you so bullish!?
Well because Chico is a bitcoin BULL, in the short to mid term...aka for the rest of the
YEAR….but going into 2022….we gotta get REAL for a second.
I’m talking about what will be the reason for the BTC bubble to pop!!
And I’ve been saying this for some time, since 2018, since Binance started doing what
they do...allowing unregistered, and illegal centralized trading, in so many jurisdictions
across this globe.
I have a feeling Binance, and some of its main people...being charged with Financial
crimes will be the BIG reason the crypto markets GO POP!
And the writing on the wall, that this is coming, is so CLEAR!!
Everyone knows, Binance is under the sharp eyes of the CFTC.
It was announced in March, that the CFTC was probing them to figure out if they were offering
unregistered derivative trading to US persons.
So what else is happening for the NANCE?
Well everyone was freaking out yesterday that Binance was banned from Britain...as some
of the top news outlets were saying so!!!
Well no, that isn’t the cas perse….what really happened is the UKs financial watchdog,
the FCA, Financial Conduct Authority put out a consumer warning about using the exchange
in the UK, as Binance is not permitted or regulated to operate within the UK…
So, Binance didn’t get banned, I mean, you never were supposed to use Binance within
the UK anyways... but it’s just a warning that was put out to consumers that this unregulated
entity is trying to get UK users to operate on their exchange.
Wait, isn't that good news though...just a warning!
FUNK no it’s not, as the timeline of events to financial charges is happening exactly
how it went down with Bitmex!
Remember Bitmex used to be the market leader in Derivatives trading, they were the Binance
of OLD!
In July of 2019, it was announced that BitMEX was under investigation by the CFTC for offering
unregulated derivatives trading to US persons.
It was just over a year later, October of 2020 that charges were officially brought
to BitMEX execs and BIG charges at that….
What else happened to Bitmex during the CFTCs investigation?
March of 2020 the FCA in the UK, put out the exact same warning to BitMEX, just like they
put out here recently to Binance!!
That is not just a coincidence…..
Guess what was announced in April?
That the FCA was working closely with the CFTC and the SEC for market access, and in
the article...this market access has to do with.
American securities and….Derivatives!
So just look at the timelines and we can get an estimate of when charges could be brought
against Binance, if they did offer derivatives to US persons.
Bitmex probe opened, July 2019 by the CFTC...within 7 months, the FCA puts out their consumer
warning, and then 6 months later, the CFTC charges BitMEX founders and execs.
Binance probe opened March 2021, within just 3 months the FCA put out their consumer warning.
It’s literally taking about half the time for this investigation cycle to happen this
time...which makes me estimate 4-6 months until we hear the BAD news….Binance and
it’s execs are charged, just like BitMEX…
And if you know anything about how these markets work….
THAT isn’t good news...Cheers I’ll see you next time!