hey everyone me kevin here in this video i'm going to talk about why i believe that cryptocurrencies are falling their trajectory for NUMBER_TOKEN is this a buy the dip opportunity and remember folks there's never just one reason why things fall with that disclaimer out of the way and to mention that you could get four actually five totally free stocks with weeble via the link in the description and down below click that get five totally free stocks with weeble folks let's get into the video okay first as part of a multitude of reasons why cryptocurrencies are falling we can start with going to URL_TOKEN and taking a peek at the total liquidations we do have a slightly elevated amount of liquidations right now we're sitting at about NUMBER_TOKEN million in liquidations this is actually ticked up slightly since the last time i checked here the last time we saw liquidations around this uh were around december NUMBER_TOKENth and december NUMBER_TOKENth and what i like doing is taking a peek at what kind of price action we had on december NUMBER_TOKENth and december NUMBER_TOKENth just to get an idea of what liquidations can do to the market so if we go on over to december NUMBER_TOKENth we will see that on december NUMBER_TOKENth bitcoin was actually up NUMBER_TOKEN so liquidations do not necessarily have to drive selling pressure if we go to the NUMBER_TOKENth we see that bitcoin was a NUMBER_TOKEN percent so on both of those recent liquidation spikes we actually didn't see a substantial decline actually any decline in bitcoin's price now we did see a lot of liquidations here see this sort of longer candlestick right here this wick coming way down to NUMBER_TOKEN NUMBER_TOKEN this was december NUMBER_TOKENth and if i remember correctly december NUMBER_TOKENth ah yeah look at this we had substantial liquidations now this chart here shows uh NUMBER_TOKEN p.m december NUMBER_TOKENrd liquidations and then that price action on weeble shows on december NUMBER_TOKENth right here this is just because of the way they measure the NUMBER_TOKEN-hour differences when they reset the NUMBER_TOKEN-hour gain and candlesticks so to speak but this is essentially the same period of pain right here and you could see the same thing even if you go a day before the NUMBER_TOKENth you're still up on btc and the day before the NUMBER_TOKENth uh the NUMBER_TOKENth you're also up on btc so on the smaller liquidation days where you're somewhere around two to three hundred million like what we saw again on the NUMBER_TOKENth and the NUMBER_TOKENth or really today you usually don't see a large downtrend in cryptocurrencies there's usually something larger at play that's either bringing the trend for cryptocurrency up or down if you get a substantial liquidation like in excess of a billion dollars oh yeah absolutely you are seeing a candle wick fly way down now those could be nice by the dip opportunities but they do not tend to last long as you can see they're usually a reason why you'll break past support and then you come back to support this is pretty typical right now despite this beautiful inflection point that we had coming off of support we lost momentum we got rejected at NUMBER_TOKEN NUMBER_TOKEN on btc and we've fallen down why are we potentially getting rejected at btc why did ethereum never really inflict
START_SPONSOR_TOKEN with that disclaimer out of the way and to mention that you could get four actually five totally free stocks with weeble via the link in the description and down below click that get five totally free stocks with weeble folks let's get into the video END_SPONSOR_TOKEN