WHEN WILL THE CRYPTO MARKET GO BACK UP? AN HONEST UPDATE & OPINION YOU NEED TO SEE

WHEN WILL THE CRYPTO MARKET GO BACK UP? AN HONEST UPDATE & OPINION YOU NEED TO SEE

hey how you doing austin here i'm not a financial advisor this video is for entertainment purposes only in this video we're going to be looking at the overall cryptocurrency kind of market conditions and looking at specifically bitcoin and ethereum their trading view charts uh to kind of look at um the current state of the union the current state of the union is flat slash down it's been this way now for uh feels like forever um and it's one of the situations guys where when you're looking at the overall market you're trying to kind of figure out you know should i be in it should i not should i just kind of just stop looking at it all those kind of things we're going to have that discussion so if you're if you're interested in that stick around and as always i appreciate your support and thank you for um supporting the videos and supporting the channel all right let's go take a look here we go all right so you can see here uh this is coin market cap looking at specifically kind of bitcoin ethereum some of the top ones we're going to look at a couple of these and we're going to look at bitcoin and ethereum's trading view charts specifically by look at by hour by hour and you're going to see some very interesting corollaries there's your word of the day corollary and kind of see how it plays out okay so you can see bitcoin is at 35 000 um we've got to get to that 40 000 range hey my mom has texted me excellent uh we got to get to that 40 000 range and in that 40 000 range um you know that's what we gotta break through sorry that kind of that kind of uh i thought might have my settings where that wasn't show up anyway um so you see we're trading at 35 seven uh for bitcoin down point four four twenty four hours up two point 2.457 days i mean this really has kind of been the state of the union for again like the last seven days or so or more it feels like forever where bitcoin and ethereum are really not doing anything and when bitcoin and ethereum guys are not doing anything nothing else is really doing anything i mean you can see right here in the last seven days dogecoin you know it's got it in seven days it's got up 22 we all know what that is if for those of you guys following dogecoin you got listed over on coinbase so that's what that was um it's up four percent right now i mean it's it's you know overall beating it's outperforming bitcoin and ethereum dramatically in the last seven days um you know in when bitcoin and ethereum are like this it's kind of hard to be in the crypto market from the standpoint that you know we're used to it kind of going up and things like that and i think that overall we've just we're just in a period of of kind of consolidation and being and and and not a lot going on in crypto right now i think that um you know institutional money is luke is looking elsewhere sorry about that institutional money is looking elsewhere and i think that uh you know it is will continue to it will continue to kind of be that situation guys and uh if you look at the overall bitcoin chart and really looking at kind of right here uh looking at this scenario right here okay so you can see we we had our drop okay we we were at our our high here of 39.233 just back on on around june 21

i'm sorry i don't have my i guess i don't have my my settings set and i'll just i'll change that later so apologize i'll just keep deleting those as it come up uh so we had our you know our high at 39 right here okay but then we we had this major major drop right so we dropped from that to you know down in the 36 000 range and then we continued to kind of move back up right here and then we dropped sorry about that that's uh my son's lacrosse team because there's uh we're have a tournament today and then that's all the parents and texting and for it and so forth so we dropped right here and continued now we're now we're moving back up okay now i want to show you this is bitcoins chart action and then again we got this major drop again look at ethereum ethereum is doing almost the exact same thing right for those of you guys who ever whoever wonder hey does ethereum and bitcoin travel and kind of do do the similar yes they do look we had a run up drop gradual sorry about that guys i apologize run up drop run up drop run up again drop again run up drop run up again drop again exactly the same chart pattern that you're seeing in ethereum is happening in bitcoin so again you know what what you see here it all kind of is is is tied together it all is very similar and it's it is frustrating right now um from the standpoint of kind of if you're if you're looking at it from gain standpoint and right now and they're not they're not even really you know ethereum's not even really doing much right now like to be able to like okay hey it's down enough where hey i might want to buy some right so i kind of if you're looking at kind of bargains here and stuff where you might want to be picking up some additional some additional coins uh you know like personally what i've what i've been looking at is i've been looking at some of the other ones like cardano again i love cardano where they're headed in the in the you know well in general i love everything about cardano the cardano at a dollar 68 is a really good buy and look it's weathered and done pretty well overall in this kind of seven day storm right so we're up 15 percent in in the last seven days uh and we're up two percent in the last 24 hours okay dogecoin you guys know i'm a fan of dogecoin and i like dogecoin and cardano for different reasons right okay so those are some good ones polka dot i'm absolutely a fan of polkadot and what they're doing um all the use case and everything around them they've done well in the last seven days and they're out performing bitcoin and ethereum dramatically polka dot is actually absolutely a good one up one percent right now and 24 dollars is what it's currently uh uh trading at uniswap doing okay um icp i haven't really dug into icp enough to kind of give you a really really good opinion there but it's kind of flat just similar to bitcoin and ethereum chain link i'm a fan of chain link i like what they're doing litecoin is i think under under undervalued from the standpoint of kind of uh what they do and not a lot of people talk about them or aware of them i do like them uh let me see polygon you guys know i'm a really huge fan of polygon uh and it's really been kind of beaten up recently and i think it's just again it's following kind of bitcoin and ethereum in the overall scenario uh theta is a one that not a lot of people talk about but look at the run up here on theta look at this it's up 43 in the last seven days it's up thirteen point three percent in the last um 24 hours so absolutely you guys need to look at theta take a check those guys out uh v chain 26 percent in the last seven days and 6.5 in the last seven uh 24 hours so that's a good one um let me see what else i do like here um there's another one maker maker popped up uh but at 3 600 i need to really need to look at more into that maker popped up as a as one that's got uh quite a bit of liquidity and stuff in it right now sorry about that see more texture coming through so yeah overall guys i do there are some opportunities here okay um uh you guys know that i like um uh polygon you know i like chain link uh i like polka dots dogecoin cardano and those are some that i'm kind of looking at but you know right now guys it just kind of is one of those kind of blah times uh and i think that it's just because bitcoin is continuing just to kind of do this little run up run down let me look if you look kind of like here if you look kind of in the back you know backwards a little bit you know we hit our lows down here of 33 000 you know about uh on the may 30th and then we kind of run up run down run up run down run you know now this is this is some you know nicer action where it was kind of moving up and so now we're back into this kind of correction period right here and you know ethereum is doing basically the very the very the same thing you know it's just it's just kind of well sorry about that it's kind of doing the same similar thing just kind of you know down up up up up up they are just pretty producing the almost exact same chart is going on with bitcoin and ethereum and and that is not hugely surprising okay guys apologize for all the intrusions on the text messages coming through i'll have to reset my settings i thought they were off they obviously are not and so what i'm going to do for you guys on a go-forward basis is keep you keep an eye on the market for you and continue to kind of see how this all plays out right now i'd probably just be kind of standing pat if i was you um i've i've bought a few here like here and there like i picked up some of cardano i picked up some more polygon um things like that you know but it's not you know uh theta i do like i'm looking at kenmore maybe picking up some of that it's kind of one of those things where you just kind of gotta stamp pat and just kind of say okay i'm just gonna kind of chill for a little bit because the market's just kind of a little erratic right now i'll see you later bye