Bitcoin is GOING BALLISTIC!!

yeah yeah [Music] [Applause] [Music] [Music] warning this video and all other videos on this channel for entertainment purposes only the content of this video and all other videos on this channel the opinions of the Creator only and do not constitute legal trading investment or financial advice of any kind investing carries a high level of risk and the majority of retail clients lose money do not invest in capital unless you understand the risk and you are prepared to lose it all all right hello and welcome camel Finance I'm your boy camel and today we're going to

talk about this silly meme coin thing with the new president I I'll be honest I didn't want to talk about it but so many of you have asked me to do it that it feels like I'd be doing a disservice if I didn't speak about it so I'm just going to give you my subjective opinion and I'm going to try to be as objective as possible and acknowledge all sides of the argument okay but my subjective opinion on this thing is I'm quite disappointed and then I want to point a few metrics for Bitcoin because

we were talking about over the last week or two having way way way more complexity in the system than I would usually like I much prefer to have a clear read on the markets and know exactly what's going on but from time to time of course you have to put more scenarios on the table I can happily say that just a couple of weeks later and we finally are back to plane sailing and we know exactly what's going on in the markets so I'm going to point at a bunch of bullish charts to show you

exactly how I see the market it looks to me like we're in full ball bullish uptrend mode of course the stock markets in the US are closed today but I would imagine so long as we continue to see bullishness and no crazy Black Swan type deals show up today then I would think we are set up for a absolutely rip roaring bullish week ahead so the first thing unfortunately we got to talk about is DT has launched his own meme coin reaching a whopping 70 billion I believe it's undergoing some kind of Correction at the

moment but whatever and it seems they may well be taking the profit out of that mem coin to then go and buy etherum so I mean I don't know I don't know but here's my thoughts on this whole idea first of all rug pools mem coins nfts they've been going on for a long long time this is not new in fact DT even had his own nft line in the last cycle so it's not really a brand new concept or idea the space is highly unregulated at the moment and I have a speculation that that

is deliberate I don't think it would be very hard if they wanted to to step in and regulate this industry and to say you can't just make a meme coin and pump and dump it right they could easily go after the people that are Behind These since many of them are directly linked to celebrity profiles and that kind of thing but I have long been suspecting that this is allowed to go on deliberately because all the while people are gambling on these unregulated meme coins and let's be honest whilst a handful of people do extremely

well it is a handful right the majority of Market participants that play in the memec coin space even if they do make some money put it all into another coin the next hot project and then lose it on the following one and this has long left me with a suspicion that this is on purpose because any liquidity that Finds Its way into unregulated or meme coins or nfts or stuff with no value is liquidity that doesn't end up in the hardest form of money the planet has ever seen which of course is Bitcoin every dollar

invested not in Bitcoin is a dollar that is likely not going to be able to help you better your financial circumstances later in life and so I do Wonder because imagine the scenario use the extreme in the other direction imagine we only had Bitcoin all of this money that is currently being circulated through meme coins nfts and all of this other junk and garbage it's highly speculative we all know doesn't really have any value we all know it's just basically a greater full Theory type deal we just want to get in early enough so that

we can catch a pump and then try and duck out before the music stops playing but imagine if that didn't exist and you only had Bitcoin all of the money would flow into Bitcoin coin and people would probably likely just hold on to it and then their financial situation would be greatly improved not only that the market cap of Bitcoin would be ginormous relative to what it is now because there'd be no other area for liquidity to flow into so all that money that's ever been into crypto would all be in one single asset we'd

probably already be closing in on a million dollar Bitcoin by now and the majority of people would just be buying and holding and this thing would continue to go higher and higher and higher and people would actually be financially better off than they are now so I have always had this sneaky suspicion that if you don't want people to hold the soundest form of money on the Planet you just allow them to go in here and bet on all these weird meme coins knowing that they're just going to keep losing their money and leave the

one true actual asset with actual value with actual things backing it for the big boys right let the big boys accumulate Bitcoin and let everyone else just pee away their money betting on the next joke the next internet joke so maybe there is something to what he said or maybe it's completely unfounded maybe it's not that at all but like I said I've always had this suspicion that they want this stuff to run so that people don't end up holding proper Assets Now late of course we saw the hawk T coin and I really thought

that was going to be a turning point naively perhaps but I really thought that was going to be a turning point for the first time ever I saw people that were genuinely hunting this woman down I saw people calling for her to go to prison people were very angry there was even a legal firm that was head hunting people that had lost money in this coin that were looking to put together a legal case and bring it to the team and sue them for their rugport and I really started to think at this moment that

what we're going to see for the first time ever was Haley become the full girl I thought they're going to go and hunt her down they're going to use her as an example throw her in jail for a long time and then use this to bring in regulations and I actually felt kind of bad for her because really all she is is a naive young lady that comes from a generation where something like 60 or 70% of that generation thinks the number one job in the world is to be an influencer okay and just because

a bunch of brainless people online thought her joke was funny enough to make her popular she did what any gen Z would do and just rode that wave of clout and tried to milk it for as much as possible any person in her situation would have probably done the exact same thing and so whilst I think it's brain dead you can't blame her right you can't blame her at all and I know how this works this would have just been a greedy team of devs that use her as the face of this scam so that

they can make a bunch of money and she's the face of it right and I know this because even with my very very small 20,000 25,000 subscriber following people have reached out to me to ask me if they could build me a meme coin and these horrible people prey on the naivity of people with a following so that they can extort their followers and so yes it's naive of her to run a scam yes it's probably a bit ethical and she probably did know to some extent what she was doing but I also thought it

was going to be a little bit unfair that she's going to end up in jail and the thousands and thousands of people that have done the same thing and come before her would probably get away totally free but then of course DT comes out and saves the day at least for Haley right she does not have to worry about going jail anymore and this is why I'm so disappointed with what I'm seeing because when the president of the United States can run a coin can run a meme coin okay what this does is signal to

the entire world that this is not a scam it's not a rug pool it's it's not a Ponzi scheme it's not great a fall Theory it's not unethical this is fine this is totally and utterly fine apparently if the president of the United States can do this then who are we to say that this is unacceptable who are we to say this is unethical who are we to say that this is not the future of Finance that's the message at sense now let's be clear I don't agree with any of that I believe this is

unethical I believe that this is unacceptable I believe that you can't do things like this without receiving Karma I certainly do not believe that this is the future of Finance okay believe me I do not believe that in one bit I believe what we're seeing now is pets.com at the end of one of the greatest bubbles of all time there's probably going to be some immense gains for us to make on the way up but eventually all bubbles pop and I believe this is going to be no different I believe in the future we're going

to look back at all this stuff and be absolutely mind blown that we didn't see it coming sooner but of course I could be wrong about that but how do I feel about this whole thing I feel incredibly disappointed and I do see people trying to make the argument that this is the future of Finance because we can have Netflix having a token and we can have eBay and Amazon having a token and influencers having a token and everyone that gets attention gets to bid their token up but that to me doesn't make any sense

at all since we all know this stuff is built on nothing it's all it's all for gazi it's all hot air none of this means anything so why do we want to hold tokens that just based on attention and I know we live in an attention economy but it just doesn't seem sustainable it doesn't seem conducive to Building Wealth over time it seems more like if I launch Camel coin and I hold 80% of the supply and I promise you guys I'm never going to dump it and you trust me and then we bid the

thing up and I dump it I'm the only one that benefits that's what this seems like and it also seems like the president knows this and the president is going to Signal this to the world that he can do what he wants and it's just going to keep going on I'm grossly disappointed in this whole thing a couple of things that are quite funny I see people saying you know oh how come you're okay with whiff and popcat and bonk and but but Trump is a problem well I'm not okay with any of it I

think I've been quite vocal about that I don't agree with any of this stuff and I really do think that all of this is just liquidity that was rightfully Bitcoins could and should be used to advance freedom in society and start to actually have a hope at separating money and state and instead of doing that we're just peeing away our opportunity by buying the next pump just rubbing our hands together wanting more dirty Fiat and I kind of understand that if you're poor you know that's the most attractive thing to you more fear okay but

believe me once you get more fear assuming you do you realize that doesn't solve anything there's still a macrocosm of bigger issues at play here and just having more feat is not really going to help you especially if you don't know how to manage that fear I can also tell you firsthand the more money you get the harder it is to manage the more stressful it becomes now with all that said one hilarious component of all of this is if you turn the Trump chart on its side okay tell me we do not live in

a simulation okay and if you can't see it here now is this real life is this a thing right is this is this merely coincidence or is this like the most simulated thing you've ever seen ever I don't know man I don't know I think this space is slowly driving people insane I think I'm slowly going insane I just feel grossly disappointed because I came here hoping that we could actually have our own form of money that couldn't be censored that couldn't be confiscated and that for the first time ever we were holding on to

something that was the most significant invention in all of human history and fast forward I don't know 78 years I think that's all I've been in this space for and this is what I'm doing I'm presenting a sideways chart of a mean coin launched by the president and asking if we live in a simulation because the shape is akin to a profile picture I don't want to be here anymore I'm not going to lie I'm not going to lie I want to sell the top and I think I want to go and buy a boat

and and just live a comfortable quiet life with my family you know what are we doing here this is this is is not a serious space okay and I know a lot of people don't care CU they just want more Fiat I know that I understand but this is not serious anymore I feel embarrassed and ashamed to tell people what I do for a living I really do and I don't know let me know in the comments is it not that deep do I take myself too seriously have I got a way too big a

stick up my backside maybe maybe okay but when I first got into this space I was so incredibly proud I was like you don't understand this is non-conf visc immutable censorship resistant peer-to-peer storable currency this is the greatest thing I've ever seen in my life this is gold 10.0 and now here we are looking at a sideways what's going on what's going on I don't even care anymore I don't I don't really I don't I'm embarrassed I'm embarrassed I'm embarrassed for everyone and it just keeps getting worse they couldn't even wait a week before they

launched one for his wife okay as if $75 billion wasn't enough to me this is just going to get so much worse before it gets better anyway look let's try and get some Alpha in today coinbase app is slowly but surely on the incline again now not quite anywhere near the top 10 yet but it is slowly but surely making its way higher the cbbi still has plenty of space to go 81 is the current score so any kind of squeeze above okay should be something that we consider as a piece of confidence to tell

us when trend lines and Cycles fail it might be time to start taking some profit so the big question of course is what are we doing right now what what's going on with Bitcoin well it seems to me we're doing this and this of course is the big yellow fractal now we've been talking about this for a long time right we've been talking about this big kind of shake out and then a big squeeze up to the top of course longtime viewers of the channel know this was proposed all the way back in July and

so far we seem to be right around here so happy days something else that's hilarious is just 12 days ago okay you can see right here 12 days ago I posted this video Bitcoin is on the brink of going ballistic and this was met with furious comments so many people were talking about oh camel like you're wrong it dumps every time you post blah blah blah blah blah I blocked dozens of people because they were just flying the rookie and the noob flag and here we are okay 12 12 days ago was the 8th or

the 9th of Jan so we were here when I posted we're on the brink of going ballistic but again so many people are brand new to this space so many people are showing up and they can't get off the one or the 5 minute time frame they think they've got all the answers even though they've got weeks of market experience and it's just funny that by being open to all possible outcomes by not paying attention to the tape on the day by not allowing yourself to get too shaken out by having a strategy and sticking

to it you really really easily can allow this Market to change your life over the long term so it seems that we certainly are doing this in fact if I turn this on and we get an update okay here it is so it doesn't look too bad right now does it it looks like we're getting in that neighborhood where we could expect some kind of a bll flag perhaps around 110 115k and then it should be a straight shot to 150 pretty wild times I love this chart from Tony the bore as well okay what

if bitcoin's January candle closes like this number five okay what if this is what we see one big monthly candle taking us from around 100 to 150 plus K and you might say this is nonsense why would you even suggest that well if we go back here take take a look 1st of February we get a dogee and we get a big candle thereafter take a look here at the 1st of Jan we get a dogee big strong candle thereafter and as of December's candle which was this dogee okay tells us to keep an open

mind about potentially seeing something like this it would certainly fit from a fractal perspective it would certainly fit from the idea that a bunch of noobs and rookies showed up to the market here and it would also fit from a perspective that remember back in 2016 we had the election we had DT take over and then Bitcoin went on the most insane parabolic advance that it's ever seen and of course the current overlay is most similar to this 2017 cycle with the simulation repeat in the election we're about to get the inauguration and DT take

over something like this could well be on the table right it certainly could it's not impossible and it could certainly also be driven by narratives such as this Wyoming is about to introduce its own Bitcoin Reserve you know if this is going to continue then again probably nobody is bullish off at all and we also just so happen to be in that last quadrant of this four year cycle now what does that last quadrant see well you'll notice when we get to this last quadrant let's make sure we're clear here's the last quadrant here notice

here when we get this part of the cycle we cross from the inner circle up that's a 10x okay the next time we come around we are crossing from the second Circle notice how bitcoin's price does a 10x to the next Circle up notice the next time around we almost make that 10x jump okay and almost make it but we just fall a little bit short of 100K and this time around we're already at 100K now if we can even get halfway up here that puts us at half a million a coin if we could

do the full jump across the boundary that would be a million dollars a coin not saying that's likely but I am saying we're in that final quadrant where the party usually is the best and Bitcoin has also just confirmed this via a super Trend bullish flip so happy day everything looks pretty good right the backdrop looks good we should be about to be full send in here something akin to this could well be on the table and that's conservatively okay something less conservative is some intense super cycle like this not suggesting it's likely but I'm

just saying we can't possibly rule it out everything has to be on the table all the time and also as DT takes office we should hopefully be looking for the dollar to start to soften I would imagine he's got a problem with this dollar being this strong now we don't know just yet and if it continues to follow the yellow squiggle then we have to be open to the q1 top idea in a recession just around the corner and all of that kind of thing but if this setup can be invalidated if Trump can do

something that reverses this Dixie Trend very very strongly then during this time you best believe things are going to get intensely bullish Across The Wider markets I also think Trump's not going to be too happy with a 10-year yield now I don't think he can do much about this but I do think anything he can do to help this thing break down I think he's going to and of course that will also be conducive to a big rip roaring bull market we've still kind of got a road map for Bitcoin so if it ain't broke

don't fix it and whilst we currently have no trading positions open for Bitcoin we are still exposed via spot and a whole heap of crypto mining stocks in the members section they should start to massively outperform in the not too distant future like I said earlier the stock market is closed today but we'll be open tomorrow and we'll be looking to see if we're going to have to continue to keep this yellow squiggle on the table or if we can invalidate it and start to get some Longs on and of course gold should be in

that neighborhood to give us a daily and weekly cycle low and me and the members will be capturing that via a whole heap of mining stocks so holy speaking wild wild times all we can really do is try not to take everything too seriously try to sit back and relax and allow the market to do the work for us so other than that I'm your boy camel I hope you have a fantastic week I hope you're doing well in life and until next time take care all the best cheers bye C he's the man to

see rocking the buckets with his contrarian stream trads like a pro no fear no shame sticking to his guns in his money game he's a bad ass oh yes indeed gam Finance got the locket key taking stories on the bupy ride casting those emotions