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oh man one of the biggest fund managers globally Arc invest led by Cappy wood has just dumped a load of coinbase shares she's also been dumping the gbtc investment as well what is this mean is she losing bullishness here on the crypto Market or is this just her trimming some profits is there something we could learn from the head of this investment fund remember she's managing 6.7 billion US dollars worth the M latest news we're seeing here is that she decided to offload some coinbase shares yes if you take a look at her record here yesterday which was November 27th she decided to share sell 43,000 shares of coinbase this is the highest price it's been for her since last year back in 2022 she decided instead to start topping up on Robin Hood which is very very interesting also tie that in with the fact that she's been offloading her gbtc shares as well and this gets us thinking Is she starting to divest away from crypto is she thinking that this is a flash in the pan and that we're getting a bigger pullback later so maybe she's trying to trim some profits well we've got to take a look into this first and foremost let's try to understand what is the real size of this right if you take a look 43,000 coinbase shares sounds like a lot but really it's about $5.3 million not a crazy amount and it does make a lot of sense here for Cathy wood you need to understand that historically Cathy wood sold a bunch of coinbase shares at a really low price so for her to take advantage of this opportunity when coinbase is trading at one of its uh strongest price since uh you can see here since April 2022 it makes sense for her to kind of divest that a little bit you got to remember she's running an ETF she's got to keep it within sensible parameters she she will have certain percentages which she cannot let it go beyond that percentage and she's going to want to trim that so we can see here she's gotone ahead and done that now it's interesting to see her topping up some Robin Hood but again it makes a lot of sense remember what we say here on this channel you want to buy when others are fearful and when others are greedy that's when you want to sell now what do we see there was a lot of fud around coinbase during the SEC allegations right A lot of people scared a lot going on nobody wanted to touch it so in those moments that's when you would have uh from a hindsight point of view wanted to buy now that cz's been fined he stepped down from binance coinbase looks like far more of a pealing buy now right a regulated well not regulated fully they're still getting sted by the SEC but NASDAQ listed ipoed publicly traded audited company that is coinbase suddenly seems like a better option right and since they're the second biggest exchange after binance it makes sense that people want to be driving this price upwards and that's why we're seeing a climb in the coinbase price which full disclosure I held some shares of coinbase as well but you can see why she's looking to trim I'm not personally trimming but it's interesting to see her trimming when many people are calling for a ball Market why would you start to trim some of your profits incidentally you can see how she's topping up right on November the 8th she bought some Robin Hood and she bought some more Robin Hood now again she understands that when people aren't interested in stuff that's where she wants to be topping up and nobody's talking about Robin Hood right now but come the next ball Market come the next ball Market not just in crypto but traditional Finance guess what retail Traders is going to be trading on Robin Hood again there'll be the AMC GameStop stuff going on again there'll be other exciting stocks which people want to buy and hood are always good at listing things like Dogecoin and sheba as well so naturally Robin Hood tends to do well when that retail Euphoria starts to come back into the market so it makes a lot of sense why she's kind of adding some more weight here to uh Robin Hood and trimming some coinbase but is there something for us to be worried about up are you tired of worrying about the security of your cryptocurrency transactions in this crazy world that is crypto protecting and preserving our digital assets is everything and for that reason I partner with Nord VPN the best VPN service for crypto Traders with nordvpn you can be sure that your online transactions are completely secure and your identity is hidden from prying eyes the military grade encryption technology makes sure that no one can access your data even on public Wi-Fi networks so you can trade with complete Peace of Mind anywhere anytime guys seriously don't risk your hard earned crypto and nfts for the price of a coffee each month they've also offered a three month and up to 60% off their plans oh and they've got a 30-day money back guarantee guys seriously it's a small price to play for a Rapid Safe VPN definitely check it out link is in the description the.uk nordvpn and let's get back into this video not particularly not particularly worried here on what's going on with Arc investment and their selling of their coinbase shares remember they got to balance their ETF they got a very different kind of investment approach to maybe you and I would have here in terms of our long-term portfolios now if we jump on over to the charts here you can see uh the Bitcoin price moving up a little bit here today sitting at just shy of 37.5 but more importantly which I'm showing you here is that the dollar Index is dumping look at that 4 hourly candle here on the dollar Index sending it here to the downside this is good this is exactly what we want guys we need to push this dollar Index down to the downside if you look at here on the daily chart the dollar Index is very extended away from its EMA ribbon the EMA ribbon is flippening as well and it's going to set us up for a big move to the side remember on the weekly chart we want to see that we want to see this stay below its EMA ribbon for a long period of time not just like how we had here and then lost it again right we want to stay be Neath it for a long period of time we want to see the EMA ribbon on the weekly chart flip as well and start to move to the downside every time the dollar Index moves to the downside that is when risk on assets do well you've seen here this was a bull market this was a bull market that's when crypto and risk on assets do well is when this can go in this Direction that's exactly what we want here on the dollar Index now incidentally on bitcoin you guys can see what's going on on bitcoin we're starting to see a little bit of a green day here today which is good we're riding off of the EMA ribbon here on the daily chart okay so you guys know we're in this kind of big pattern here which I've been monitoring but the other pattern I want to share with you guys is this right you've seen over the last couple of days that I've been monitoring this ascending trle and on this ascending triangle we had three attempts already one attempt here rejected two attempts here rejected three attempts was a fake out thrown back into the pattern but we're starting to bounce here if I bring out the EMA ribbon you can see it acted as a little bit of uh we lost it for a bit and then we've regained it now on this 4 hourly candle we're trading on right now so a close below this Above This EMA ribbon is a good sign but the question is going to be do we have enough strength from rotating here to just go and mount an attack I wouldn't have minded if we came further down and then built some strength maybe did something like this and then worked our way up but the fact that it's bounced quite quickly uh we want to see are we able to maybe hold the EM ribbon something like this and then mount a proper attack here at the 38,000 neckline and then eventually work our way to the upside remember the price Target from this type of a pattern if I show you how to do the measured move and again if you're not familiar with how to do all this sort of stuff e jazda UK forta is where you're going to learn all this I've put this all in a structured curriculum for you guys so if you apply this to the point of breakout you can see that the price Target from this type of move brings you up into that 40,000 territory and really your next m major resistance is at 45 so breakout of 38 not only gets you on your way towards 40 but really the question is will this be the start of the move that eventually takes us up towards 45 and that's something I want to be in the market for I wouldn't want to be sitting out the market if bitcoin's going to run up to 45 absolutely no way just like how people were wasting their time and Bitcoin moved quickly from 20,000 up here towards 35 and 37 it'll move quickly up towards 40 and then 45 and you're sitting there waiting for the perfect time to buy your Bitcoin you're not going to be in the market Market you're not going to be in the market cuz you're like Oh I thought it was going to go down to 33 and 34 and then it's going to be at 45 and then 50 and then 60 and you're constantly going to be chasing it and never quite getting the position you're looking for that is why I'm in the market if we do get pullbacks which again you've always got to be prepared for right if it does want to fall down here into 34 A2 into 33 even I'm starting to lose kind of confidence that it's going to come down too far I mean you can see here the bottom of the EMA ribbon is now 34 so chances of seeing it at 33 33.5 start to fall quite dramatically because again a pull back into the daily EMA ribbon even a breakdown from this triangle here and the EMA ribbon acts as support all the way down to 34,000 so a lot of support here from the balls here uh from the EMA ribbon so that's one thing I wanted to share with you guys we' got to watch for this pattern but you've got to also tie in what's going on from an economic point of view right because this is a very important week today we've got a bunch of important uh fed officials speaking right you got fed Walla you got fed Bowman you've also got ECB president lagard speaking as well and fed bar speaking later today so it's going to be a lot about the FED officials today which is a little bit why the Market's kind of muted hopefully they don't Rog pull us hopefully they don't say anything negative remember the Market's pretty much kind of certain here that we're not going to get a rate hike on December the 13th having said that have seen a little bit of a trend here see just 5% of the market just starting to hedge their bets a little bit right just starting to say oh what if we do get a surprise rate cut as a Christmas present uh so they're starting to price that in here but still overwhelming majority of the market is in uh pause again no further rate hike and then we'll reevaluate in the start of the new year so coming back into our calendar we know tomorrow we get important important data kicking off within the US with the GDP figure this is going to be a preliminary reading for GDP in the states Q3 reading and that's going to be an important thing which moves the market and then in my mind more importantly really is the Thursday where we get our core pce inflation remember pce inflation is what the FED used to make their decisions about whether to pause or rate hike so that's what I'm going to be looking for on Thursday remember if that comes in line you know showing the same Trend that CPI was showing that inflation is coming down showing the same Trend that PPI was showing that the trend is coming down there's very little chance then if that's coming down as well the PC inflation that the FED decide to do a surprise rate hike that's going to become less and less likely if that number comes in our favor on Thursday there's one o very important kind of chart I wanted to share with you guys is this so this is from ecoin metrics and and it's very interesting because almost what it's saying is are we getting diminishing bull markets right are the levels of the bull markets getting smaller and smaller with each cycle and it makes a lot of sense if the crypto market cap is growing if we're getting closer and closer to mainstream adoption the kind of percentage returns you expect to see in a ball cycle will start to diminish right eventually that makes a lot more sense right CU you got less and less kind of adoption to have and so this the analysis they've done is shown this they've shown this Center Line look at this blue line that's the average price trajectory of all the previous Cycles right so this was the starting point here at the axis that's the average return you would see and then what they've done is this is the range so the the light blue here shows you the range okay so the lowest and the highest price trajectory you've seen in previous Cycles again this being the starting point if you look at the Orange Line here this is the current Cycle's actual price to trory so there's two ways to look at this are we now currently in a bull market and this bull market is Miles off the trajectory of previous Cycles that's one way to look at it or are we yet to have the bull market is the bull market about to come and this is going to Skyrocket up and go back into these kind of trajectory levels coming back to these kind of levels of 300,000 here where this blue line is and the analysis they said is the following they think that while it's unlikely we ever get close to the top of the range the bottom of the range is still still realistic okay so again they're saying you could be kind of coming up here into the bottom of the range which is still going from $10,000 up towards 100,000 which is still a 10x to move here to the bottom of the range so very very interesting analysis here by uh ecoin metrics now I personally agree with the diminishing returns uh model I think that makes a lot of sense right if you look at any other asset class whether it's a you know something like a Tesla or gold or silver once you have your early Cycles where the early adopters get in you crazy volatile ball markets and then it kind of flattens down right I think you'd be kind of you know immature to think that Bitcoin forever is going to have these crazy bull markets no the crazy ball markets will start to dampen over time as we get more and more uh adoption and as the genie comes out of the lantern right once once the you know once it's out of the bag it's out of the bag everybody knows about Bitcoin so we expect that to kind of you know start to start to calm down over time but I still think we're in for a powerful ball Market this year and I think that's going to culminate in the ETF it's going to culminate in you know more us regulation more European and UK regulation and more serious money coming in I think it's going to be the flow of real institutional money coming in which really drives the narrative in this cycle less so than the retail Traders as we've seen in previous Cycles so there you have it guys there is my update on bitcoin caffy wood selling a bunch of coinbase shares but nothing I'm too worried about we're looking strong here in the Bitcoin price looking to break that $38,000 Mark and we are actively trading so if you want to see what kind of Trades the community are taking make make sure you head into our free telegram group.
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