A BITCOIN COLLAPSE IS COMING!

I agree with Benjamin Coin. Bitcoin may have another collapse ahead, but I'm still not selling. And that's because I believe in Bitcoin's long-term results. And on top of that, there's a lot of black swans events that could occur that may cause Bitcoin to drop but immediately pop. Good morning, good evening, good afternoon, wherever you are, whenever you are. Thank you for watching this video. My name is Division Jeremy. I'm in a pipe 5x5 staying alive here in Dubai. Hope you're doing well. I'm the guy who told you to buy $1 worth of Bitcoin when it was only a dollar. And of course, I'm famous for that video in 2013 asking you to buy $1 worth of Bitcoin. It's not too late. You could always buy Bitcoin using TAT. Check it out in the links in description below. Okay, with that said, yes, there's there's a high probability that Bitcoin could see a massive collapse. And you're like, why? Why? because of black swans may not be because of black swans. It could be also that the Johnny come lately that are buying into Bitcoin are going to get wrecked. This is normal. Why? Because markets are about taking the most amount of money from the most amount of people most of the time. This is why people who trade in the market, 90% of them lose money. Even in the bond market, which is only with high-end professionals, 90% of the high-end professionals lose money. So, with that said, if you're thinking you're going to trade this collapse if it were to happen, because there is a percentage chance that it could happen, you're going to be surprised about the outcome. Why is that? Well, there's a lot of black swan events that are that are that could fly and would probably cause the immediate reaction of Bitcoin to drop, but shortly afterwards, very shortly, and not giving you enough time to buy, it will reverse that into a skyrocketing uh price exchange where Bitcoin actually changes overnight. So, what kind of black swan events do I see coming? Well, obviously the US sovereign debt crisis, that's an obvious one. Everyone knows it's there. And with the $40 trillion debt obligation, you know that things are are are very very dangerous. Of course, the major banking crisis, of course, because the banks are completely insolvent, but they always got the free print money printer. They just will they get caught with that windfall of free money. Uh then there's the sudden uh currency devaluation. Of course, the United States, they they say they want a strong law, but the reality is the the the devaluation will increase the value of the decrease the value of the debt. Now, gold revaluation of course is another way and of actually doing a sudden currency devaluation without people realizing it, of course. And so that that re-evaluation would shoot Bitcoin to the moon immediately. Of course, they're also talking about a Breton Woods 2.0 uh agreement, which they could use, of course, stable coins to actually usher in this new Bretton Woods 2.0 agreement where, hey, you know what? Uh instead of using, you know, those dollars that are, you know, not giving earn you anything and stuff like that and they're they're really difficult to transfer, right? Well, you can make it even easier to transfer with stable coins, right? Of course, they still have control now. Um, with, you know, Iran and, um, being locked out of the dollar system and anyone else touching Iran could get locked out of the dollar system. We could see Asian nations just like say, "Okay, listen. We need their oil dog and more than we know need your dollars. Adios. And it's and it's lights out, right, for the daughter. So, you know, this is like the danger that the US government is playing with, right? And of course, a sovereign nation could announce, listen, this is it, right? A big nation could say, "This is it. Listen, I know that I can win the the the long-term game by making Bitcoin my reserve asset. not a reserve currency, right, but also allowing citizens to use it. Unlikely, but if it ever happens that a major nation does that, it's game over for anyone that's holding fiat currencies, right? So, but that's that's unlikely, right? Of course. Of course. Then there's a cyber attack is another one because, you know, they're talking about, you know, AI is so powerful. It can do so many things. Oh my god. Well, AI can only do what you tell it to do, right? Oh my god, it broke out of this lab. Yeah, because they told it to break out of the lab. No. So, so it is not going to do anything unless you tell it to do that, right? It's not automatically self-aware, right? That's the key thing you need to understand. Somebody is directing it. Okay? And it it could be could be you could say, well, they could direct it by mistake like, hey, just make me money, right? Yeah, they could. However, then that would be the fault of the um the creators of the AI for not putting some sort of guard rails to saying okay well you can make money but within this confir this these boundaries is the key thing right and of course you know there's all kinds of other crazy events that could occur like for example California I'm I'm thinking California could still fall into the ocean because they're due for a big earthquake right there's a lot of different black swan events that are everybody knows that are possible to happen. That's what that and um and you could say, well then that doesn't make it a black swan because you sort of know that that's true. But the majority of people will say, well, who could who could have seen this coming, right? And that's the thing, right? Anybody So really is anybody with a common sense could could see this coming, right? That these things are all possible. All right, with that said, let's head over to the other screen and and if you don't mind, if you guys hit the like button, right? Um I'm showing you how to hit the like button on the screen there if you don't if you don't know how. And then if you scroll down, you can see all the descriptions, right? You could join the school, right? You could join the webinar which I'm having on Saturday. This is really going to be a real cool webinar. Of course, we're always improving that. And then of course we're going to do the um the news for today which is just the one is Benjamin Cohen. So let's go over to that and uh make that a little bit bigger. Let's see if we can make that bigger. Okay. So I'm going to start off with you know Benjamin Cohen's um news article here where Benjamin Cohen actually puts a 65% odds on lower Bitcoin prices still ahead. Right. Um he's an analyst. He's very famous. He's very he's like one of the top YouTubers on Bitcoin of course and the key facts here is that Benjamin Cohen writes you know says that a 65% chance and yes just based on you know the the how the market works in history that's his his technical analysis right and you know against a 35% chance that we continue moving ahead. Um keep in mind there could be a quick oh screw you and back down. So just just if you're going to trade this, be careful and make sure you set set your stops and then be prepared for that particular event. Uh he's naming the price 53K as the low, which is makes sense to me. And we're going to take a look at that on the chart and see what that means and why that number is is a target. And uh that's roughly 32% below the current prices, right? Um yeah, I would say it's probably 65% chance is what uh Benjamin Coin is saying. the low occurs uh in the f future and 35% chance that it's behind us, Coin said in an interview, right? Um uh why does Bitcoin 53 realize price is the level to watch? Cohen pointed that he realized price on the chain measure of what the average coin last move at. the the realized price right now is currently 53K. He said about 32% below spot. That's interesting. He's using actually onchain information and that is actually not technical analysis. That's fundamental analysis. Fundamental analysis is anything analyzing outside of the price, right? And you could say, well, it's partly with the price because it's measuring what the average coin last move based on. Okay, it's not based on price. that it's not. So long as it's not based on price, right? Um it's not technical analysis, it's fundamental analysis. Every previous bare market bottom below that line, he said, uh though the timing varied. Okay. He also set a date on his thesis. If we get through October, there still isn't a a lower low, then I would say those odds start to favor the bulls. Yes, that's a good some ray of hope for those who follow Benjamin Cohen. I would have to agree if we just continue sideways or do not break break down heavily and we don't break below below the 60. I think it was a 68. But here, let's just take a look at the chart right right now and I'll show you. All right. So, let me just bring up this chart here. And you can see we're hovering inside this parking garage. Remember, if you if you missed it, parking garage is the is where the market tends to trade in that area uh most of the time. Here you can see that from here to there um from here to there or down here, right? And yeah, it missed that a whole area, but sometimes it goes through a couple of parking garages and then of course down here you can see that that it was trading in that area nicely. Um now because it's trading it was trading in this area the 66k level which was just above I know this just below this into this parking garage here is the most likely stopping point. Now, with that said, can we say 54 be a target? Well, let's let's just let's just see if the parking garages agree, shall we? Whilst we're here. So, I used the wrong color here. I'm going to I'm going to still use the red. And uh copy paste this. And let's see here. Which one is it? Oh, there. This one is. And I'm going to use that Crl + V. And I believe, let's see here. There we go. That's good enough. Let's get rid of the other ones. Delete. Okay. Delete this one. And let's see here is where would be the 54. is the 54 not quite inside of a parking garage. You can see that 49K is one of the areas. We're inside the parking garage, but not at the bottom of one or or something like that as a as a stopping point. You can see that I do have like some key points there which is from past u um pivot zones. So really um this this uh onchain metrics doesn't align up with technical analysis doesn't mean it's it's incorrect. Let's see. Uh there could be like um Fibonacci Fibonacci tend to line up with uh fundamentals. Um so let's just do a Fibonacci retrace and see if there's anything there. Not quite. Nope. Let's just see. How about No, there's nothing there. How about from here? Because this is the market did trade in that area. You can see that it does line up with the 1.618 retracement of this whole area approximately. You can see right if we any of these areas, right? any of these candlesticks if we it's around 154ish area um which would have made sense right at the if we were in that zone and still trading there but we're not and so whilst there is a possibility of that because of the Fibonacci you can see that that that would count right I think it is it is it is a weaker probability because we don't have a clear uh okay, we're going to move back down to 54 based on which what uh what technical analysis would that make that uh clear and any other technical analysis shows that well it's kind of difficult to say that that's the possibility um for from my point of view. However, my point of view of why I think it's possible is not technical. It is mostly fundamental because of all the black swans and the fact that hey, you know what? You Johnny come lately that are here at the party, you're going to get hurt. You just don't get a free ride. That's just the way it is. Thanks for watching and we'll see you next time. Ace.