BTC HACK FEAR IS REAL!

Another Bitcoin hack has occurred, but it was not actually Bitcoin. And I know how you feel. You're thinking, why should I invest in something like this when there's always a hack occurring, but you need to pay attention to what is actually going on? And the truth is, you are not going to be hacked. Someone else will. Let me explain. Good morning, good evening, good afternoon, wherever you are, whenever you are. Thank you for watching this video. My name is Da Vinci Jeremy in the pipe 5x5, send live in Dubai and. I'm we're seeing this, we're seeing this big hack that that uh has occurred with Binance, and we're going to be talking about it in today's video. And I feel that this particular event for me is well expected, right? Because if you centralize a bunch of money in one specific spot, somebody is going to go and steal it. And that is why it's important to see that this kind of hack is not most likely not going to occur to you. But if you follow a set of rules, which we teach you at b4b.dj15.com, it will not happen to you no matter what. Unless, of course, you've lost your your Bitcoin in a boating accident like I have. [laughter] Anyways, moving on. So, let's get on to the news for today and talk about what's going on in the uh in this Binance hack that has happened um just recently. Okay, first off guys, I want you to hit the like button and then hit the subscribe and then you could check out the description. We've got a whole list of news for you that we're going to be talking about. But before we get to the Binance news hack, I want to go over some of the things here. Like, for example, the ETF, you know, you know, as you can see, most people are Johnny Kim lately. Soon as price comes down, it goes down, it goes down some more, goes down, but then it was trying to move higher and it was just going sideways, and so there was, you know, some looks like some people who are interested in actually buying and holding for a longer term, and maybe, maybe we'll see on, um, next week if those people hold on to Bitcoin for the long term. Um, we'll see if they're leaving, but you know, the fear and greed index shows us that we're in a fierce situation because Bitcoin has dumped uh thanks to this Binance hack. And yeah, you can see that um we are down for the quarter and probably going to be down for the month of um let's see here, October. We're going to be down for the month of October. Uh pretty much 7%as it shows here. All right. Um, moving on to Bitcoin treasuries. Uh, treasuries are staying pretty stable where we're bouncing around a point 18.7 18.75 18.76 here and there. But eventually this is going to move very very fast. Um, soon as uh the Johnny come lately realize, oh, I guess I should have bought Bitcoin when it was lower, but I'll buy higher now because it's going to go higher. I don't get that kind of logic, but whatever [laughter]. And you can see in the total we actually positive from last week, right? 8,200 Bitcoin has been added to Treasury holdings, whether it's an ETF companies, private companies or or public companies as well. Public companies um you know added the most and ETFs added a few thousand bitcoin there. So there we go. I think these bitcoins and the same with the pro public company bitcoins could come back into the market because the public company bitcoins and ETFs are basically being tra are trading vehicles. So when people leave right they have to sell bitcoin when people come in they have to to buy bitcoin. So that's how it works. Okay moving on to the news story of today. Binance 6.3 billion hack. What we know so far. Okay. So, so Binance says a security breach affected about 6.3 billion in digital assets. Um, blockchain investigations at the at the TRM labs estimated 6.3 billion was taken across 10 networks on October 29th, making it the largest crypto theft they have ever recorded. This is this is huge. This is bigger than what Bybit lost in the $ 1.5 billion hack. Binance halted withdrawals during the the its investigation and says it will cover customers losses. That is the company's commitment. Not evidence that every every affected asset has already been recovered. Of course. Yes. Keep in mind that this is only a 3% the total loss. It's only 3% of what they have. So yeah, they're that big. [laughter] So that means they can cover this. They have gobs of profit, gobs of assets to sell. And in fact, they even have SpaceX, which you know, I don't understand how that um they would threaten, you know, exactly, threaten to sell that just because Elon Musk started trolling them. Wow. Who who who does that, right? Why did you just ignore him? Anyways, yes, we'll talk about that in in a second, more about the the trolling. But it turns out obviously this is North Korea, right? They're going to go after the big big fish, right? To to actually steal this. Now, most of it has been frozen. Only roughly three Yeah. Three billion has been frozen, right? So that means that money will never see the light of day. It's US dollar USDT because USDT can be frozen. Same as USDC, right? So, so just so you know, right? You might say, "Well, I'll hold on to my USDT and USDC." Yeah. Okay. Um, you know, during hyperinflation or events such as that, the government doesn't like you moving money around cuz then prices go higher. And since they don't like that, they might be freezing your stuff, your USDT and your USDC. So keep that in mind. [laughter] All right. So that's coming to a theater in nearu. I don't know when, but we do know it's coming because it always does. And yeah, why? Why? Simple. Because they're printing money, right? And yeah, and there's no there's no stopping that train. None. We all know that. You know it. So don't even try to say that's never going to happen. There's no stopping this. Right? And if you don't get that by now, I mean even AI [laughter] can tell you unless maybe the government gets responsible. And since when in history did the government gets responsible? Never. Oh, okay. [laughter] [laughter] Oh damn. Oh, wow. It's ridiculous, right? How people will actually say what's coming is not coming. All right. Well, let's get back to this um story. Well, the BBC bro had had this has this article and same with Binance to telling us that DevOps computer engineers laptop got compromised basically probably downloaded some software or an email or something like that. you know, I I'm surprised um that um that that kind of system, right, they don't have a layered system where um that engineer, no engineer really has access to to make uh final changes to the systems, right? So, I don't know. I don't know how they layered their systems. They're going to have to look at that because I would have had multiple layers between the developers, right, and somebody else who doesn't develop, right? But would have like checks on the software or anything that's going to get near the money side, [laughter] right? Multiple checks, right? But anyways, it is what it is, right? They it's they probably had a lot of systems that they they wanted to upgrade, right? Because here's the truth, right? I have a lot of systems I want to upgrade to, but I can't do it all. You just you just don't have the time, right? So So it is what it is. They're going to take a lessons from this. And speaking of um lessons they need to learn, if we um head to my uh profile, they need to learn cuz I couldn't believe this. Elon Musk, right? Uh, like, troll them a little bit with this just one emoji, and they get, they, they start like, I mean, this is, this is not technically a threat, right? But still, it is, it is clearly a threat, right? Because you don't say, "Hey, can you do this?" and, "By the way, I have a gun," but if you could do that But remember, I've got a gun. [laughter] What? What? [laughter] I didn't threaten you with the gun. I just told you I got a gun. [laughter] [snorts] Oh man it's it's it's it's hilarious. It's hilarious. It's hilarious. Yes, it is. It is that kind of popcorn time. Yes. Anyways, moving on to um trades of the day. Look at my trade. Yes, it has finally completed, right? I should not have been jumping in and out of this trade, but anyways, it it is here. We have completed this trade. Bitcoin has dumped all the way to the 765, which what did I tell you this? If you've been watching my channel, and I hope you have right all this time, and if you haven't, just hit the subscribe because you don't want to miss the next trade because there it is coming. Hey, I can't say if it's going to go up or down because we have to wait until the market decides what it's going to do next. And it could go lower at this point. So, we need to wait. However, um I told you and I'm telling you now anything any buy even now is good still good but any buy below 765 is a buy that most likely the there's a 99.9% chance we are not coming below 765 once we blow higher a very very very very strong probability. I think there'd be a better chance right of an asteroid hitting the planet once we go above 100K that we come back to 765. Okay. So with that said, you have an opportunity to buy an asset at its low and you can say, "Well, how do you know?" Yeah. Okay. I don't know. I don't know. It's only It's a balance of probabilities. I don't know, Jack. Okay. You can't know the future. Okay. You can only prob make probabilities. What? Why is this probability so high? Well, that's a good question and that's the right question to ask. All right. since you asked it. [laughter] [gasps] It's because we have complete support one multiple support levels here right through the through the past and I I want to go over all the support levels but there's many many support levels at this level many support price support action. So, for example, when we first took off from here or when we first came back to come up to this 76 level, we failed. We backed off. We we broke through it. We came back. We we we broke pumped higher. Came broke through. 765 was a key level so many times. It's not funny. So at this point, right, if you look at the history of how we trade markets, it created what's called a key level, a key level throughout time and and a key level for buyers to go, oh, that's cheap. Another area that points that this is cheap is the Fibonacci level. So let's go to a longer time frame. Let's let's do that on another chart here. Let's go to the uh commodities index chart. There we go. There we go. The CME futures chart. And then if we do what called a Fibonacci retracement from the top, the very top to the last bottom, we'll see that what do we see if we zoom in here? All right. I was thinking that the 765 would have been the 61.8 would have been right here. But look at that. Interesting. Here's the thing. There it is. The 61.8 was exact bottom for Bitcoin and on the larger time scale. Wow, that's interesting. I thought it was the 61.8 was up here, but I I'm I was mistaken. It was exactly at the exact bottom that it hit and reversed us uh higher. So, if we do a retracement back, let's just do another retracement. Let's see what we see here. Whilst whilst we're here, I was mistaken about that, but that's okay. Um, let's go from here to this level here. We have no Fibonacci levels except for the 8K, but uh 83K um which you know, you see we we failed, backed up, retested, and backing down. And so we could probably see right here. Another Fibonacci level. So, I'm going to just get rid of that one. Yes, there it is. I knew it was somewhere. The 38.2 is the 76 almost five 765 level. 763 76 whatever. Well, what's a few dollar a few hundred amongst friends? But you can see that's a key level. We can draw a horizontal line right here at this level here. Let's just put it and see across here time where Okay, there we go. We've we've hit that here. Interesting how on um this right here. Let's see here. We broke here 765 and there isn't a level here. That's weird because I'm pretty sure on the 765 it was it was across the board. But you can see right here fail retry right and you can see that this is a clear level. There we go. Right here down up up here and then fail. Broke a little bit higher but then failed. And if we go to a shorter time frame, I'm sure we'll see lots of uh failures either holding it as support or or as a resistance level here. We can see right here on this on this weekly chart some of that actually action happening. So with that said, we have the 765 level approximate area as a key level for long-term support for Bitcoin. Okay, let's uh let's take a look at the next uh chart that we have. And if you're interested, guys, if you're interested in trading, make sure you head over to x.dj15.com. Links in the description below. And let's quickly look at um Ethereum. As I said, once we broke this level, we were breaking down. We held here at the the 2300ish area 2343 and now we're headed down to exactly what I said. We have to look at the 200 period moving average. And because we didn't actually touch it yet, this is a indication that we're going to continue rolling down. So, I'm going to hold on to my uh short. Uh I I didn't like actually exit the position because I can see that we have a little bit more uh price action. I might be, you know, stepping in front of a train picking up quarters here, but [laughter] because Bitcoin could reverse very heavily at any point in time. And let's take a look at Salana. Salana again a little bit more time to go down to the $8990 level and then a reversal I think is most likely in order. I don't see us spending much time below the 200 period moving averages on any of these particular coins. So with that said, we have a trade most likely there. We do not trade on one indication of course, right? We trade on multiples. So, we're going to wait until we get that confirmation and then make a trade. All right, guys. I hope you enjoyed today's episode. It is um sad for Dave for Binance. Um it some people think it caused the price action to occur. I knew the price action was going to occur. It didn't take just Binance to actually have it happen. It was going to happen anyways. It just Binance probably just sped it along. All right. Thank you for watching and we'll see you guys next time.