Bitcoin Signal Traders Need Finally Here!

**Deezy** (0:00)
The signal Bitcoin traders have waited over a decade for is finally here. In the last 24 hours, we have learned Bitcoin is now being used by two major world governments. Now, when you first truly get Bitcoin and finally understand it, you imagine a world where Bitcoin completely replaces the US dollar, and becomes the sole currency of the globe, because hard money is the only real money, and that hard money is Bitcoin. And we saw glimpses of that when El Salvador announced Bitcoin would become their local currency. But that adoption failed to take off.
Do you take Bitcoin? No. No?

**SPEAKER_2** (0:31)
Okay.

**Deezy** (0:31)
Bitcoin? No.

**SPEAKER_2** (0:33)
So we're in Surf City. This is one of the major draws for tourists in this area. So far, every single store that we've asked, no one's accepting Bitcoin.

**Deezy** (0:42)
And that takes us to today. In the last 24 hours, global adoption is becoming a reality. It involves two countries, US and Russia. Now the Russian news is breaking. Russia approves crypto use for foreign trade amidst sanctions. And that is not surprising given that Iran is demanding tankers and illustrator homos pay tolls in crypto. And these Russian rule changes primarily involve businesses, large entities, settling international trade. This isn't for the mom and pop investor. This is for major Russian corporations to use Bitcoin as their legal tender. And now we have this breaking news from the US. The US military is now running a Bitcoin node. We just learned this yesterday in a Senate hearing.

**SPEAKER_2** (1:19)
Presently, we have a node on the Bitcoin network right now. We're not mining Bitcoin. We're using it to monitor.
And we're doing a number of operational tests to secure and protect networks using the Bitcoin protocol. I appreciate that, Admiral.

**Deezy** (1:36)
So we have a node on the Bitcoin network and end that protocol. Now, that was the Senate arm committee from yesterday. This is the House arm committee from the day before.

**SPEAKER_2** (1:44)
Bitcoin shows incredible potential as a computer science tool.

**Deezy** (1:50)
And we now have the US military confirming that they see Bitcoin as a very useful tool for the global financial structure. Now, given all that bullish news between Russia and the US military, you would expect this should be kicking off Bitcoin for a mega bull rally. But what do the charts tell us? Well, I wanted to point something out because we just are now trying to flip a very, very important line. This red line right here, this is going to be the 20-week EMA or the 20-week moving average. And above my head, you can see we have the EMA 20, 50, 100 and 200 pulled up. But we're only going to look at the 20 and the 200 So we're going to right-click on this, hide the 50, hide the 100 Let me show you something in the chart. So we have fallen below the 200-week moving average. That is not what you want to see because oftentimes, we go significantly lower than the 200-week moving average. Here, if you look at the last bear market, we fell an additional 40%.
If you go to the bear market before that, you would see that we fell an additional 25%.
And if you go to where we're at today, we scantily fell below. We barely fell below here. And if you go to where we're at today, you can see we barely fell below 12% lower. But forget about the 200-week moving average. Look at the 20-week moving average. So you're going to see also another pattern. When we fall below the 200-week moving average, you can see here, when we turn bullish of the moving averages, 20, 50, 100, 200, first one we're going to pass is the 20-week moving average. So once we fell below the 200-week moving average and bounced above the 20, we never really fell much lower. We had a little bit of a wick there, but that's it. Other than that, you can see we tested the 200-week moving average, support, support, and then off into the races. Then Bitcoin had a bull run. You look here, same thing. We can see once we go above the 20-week moving average, we basically don't fall below the 200-week, except for this right here. That's going to be the COVID crash. So that one you might even want to put an asterisk next to.
Then over here, once we go above the 20-week moving average right here, we're only below for a very short time, and that also was basically a flash crash right here. It's going to be August 15
And the reason we had that major crash in 2015 in August, that was going to be because we had a major Bitcoin exchange basically kicked out all New York residents, ended up creating a very, very red candle. You can see it right there. So honestly, if you take that out, we might have kept bouncing off that 200-week moving average, might have just bounced off it right there. But you can see a pattern. Once we fall below the 200-week moving average and go above the 20-week moving average, that is typically when you get your bull runs. Now, we can't go much further back than that because Bitcoin is only 200 weeks old at this point. So we have to go from 2013 So we only have three instances. But after we flipped the 20-week bullish, except for the Bitfinex crash, everything was up and to the right. Right here, you can see the same thing. Except for the COVID crash, everything was up and to the right. And even this, we had a lot of issues.