Is The Bitcoin Top In? Analyzing My YouTube Statistics To See How High Bitcoin Price Will Go.

Eric Krown Crypto
9 Mar 202413:46

TLDRThe speaker analyzes YouTube statistics, including views, subscriptions, and revenue, to gauge the interest of the 'normies' in the current market. They compare the channel's growth to past market cycles and highlight the potential for future growth in Bitcoin, using technical indicators like the VMP and HPDR bands. The speaker also discusses an upcoming podcast appearance, shares personal experiences, and promotes their services, emphasizing the importance of choosing wealth and automation in trading.

Takeaways

  • 📊 The speaker is analyzing YouTube statistics including views, subscriptions, and revenues to gauge the level of interest in the crypto market.
  • 📈 The channel's subscriber count has grown from around 100,000 to nearly 190,000 since November 2021, indicating increased interest.
  • 📉 Despite Bitcoin's all-time high prices, the channel's view count has not reached the levels seen during the 2021 market peak.
  • 🔍 The speaker uses the term 'Normie' to refer to the average person, suggesting that mainstream interest in crypto is still relatively low.
  • 🎉 The channel is approaching its anniversary, with a sale mentioned to begin soon.
  • 💬 The speaker has a podcast appearance lined up with 'nft Nick' and 'po Vincente', discussing wealth and investment strategies.
  • 🏠 The speaker humorously addresses Twitter critics about his Miami house and New York City penthouse, showcasing his wealth.
  • 💰 The estimated revenue from the channel is around $69,000, which the speaker jokingly says could afford a year in a small New York apartment.
  • 📝 The speaker provides a detailed analysis of Bitcoin's price movements using technical indicators like the VMP (Volume Profile) and HPDR (Heikin Ashi Cloud).
  • 📉 The speaker notes that while Bitcoin's price is high, the channel's view count suggests that the market has not yet reached a state of 'absolute insanity'.
  • 🔄 The speaker encourages viewers to 'choose rich' and consider using automated trading tools like 'The Skeleton Key' for strategy backtesting and execution.

Q & A

  • What does the speaker think about the term 'retail' in the context of the video?

    -The speaker believes 'retail' is a misused term and suggests that most people, unless they work for a major institution or a large firm, can be considered retail. They prefer the term 'Normie' as it is more accurate.

  • How does the speaker describe their upcoming podcast appearance?

    -The speaker is excited to appear on the podcast with nft Nick and po Vincente, which is scheduled for Friday.

  • What was the YouTube channel's subscriber count during the summer rally in 2019?

    -During the summer rally in 2019, the channel had about 20,000 subscribers.

  • How does the speaker compare the current YouTube views to the previous market cycle top in November 2021?

    -The speaker notes that the current views are not even halfway to the views seen during the market cycle top in November 2021, which suggests that the 'normies' are still far from the channel.

  • What was the average winning trade percentage according to the speaker's analysis?

    -The average winning trade was about 6.5%, with a likely target just below $72,000 for Bitcoin.

  • What does the speaker suggest about the potential next move for Bitcoin based on the hpdr indicator?

    -The speaker suggests that Bitcoin is likely to close above the top side of the hpdr bounds, which is just below $70,000, and may reach the next major Fibonacci level at $73,500.

  • What is the speaker's stance on the use of statistical analysis in trading?

    -The speaker believes that statistical analysis is valuable for understanding market trends and making informed trading decisions, but emphasizes that these are not certainties and should be used with a reasonable understanding of their limitations.

  • What is the speaker's advice for those interested in the crown Quant automation features?

    -The speaker encourages those interested to take advantage of the biggest discount ever offered for the crown Quant automation features, which is available until the end of March.

  • How does the speaker address the criticism from YouTube viewers who misunderstand statistics?

    -The speaker acknowledges that some viewers may not understand statistics and expect 100% certainty from the analysis, but clarifies that the provided probabilities are based on historical data and should be taken as guides rather than guarantees.

  • What is the speaker's final message to the audience?

    -The speaker wishes the audience the best and encourages them to 'choose rich' and consider the opportunities presented, such as the crown Quant automation features.

Outlines

00:00

📊 YouTube Analytics and Market Excitement

The speaker begins by discussing the analysis of YouTube statistics, including views, subscriptions, and revenues. They mention the term 'retail' and its misuse, suggesting that most people are 'normies' unless they work for large institutions. The speaker also talks about their upcoming podcast with 'Mr. NFT Nick' and Vincente, and shares some personal anecdotes. The main point is to compare the current YouTube analytics with past market cycles, noting that the channel's subscriber count has grown significantly since 2019, but views have not yet reached the highs of the 2021 market peak. This suggests that the general public's interest in the market is not yet at fever pitch.

05:01

📈 Bitcoin's All-Time Highs and Market Behavior

The speaker continues by discussing the current state of the Bitcoin market, which is trading above prior all-time highs. They note that despite the market's excitement, the YouTube analytics do not yet indicate a market frenzy. The speaker reflects on past correlations between YouTube views and market prices, suggesting that a significant increase in views would be expected if the market were to reach extreme levels. They also mention their own trading strategies and the performance of their recent trades, indicating a gradual uptrend in views and a potential target for Bitcoin's price.

10:02

🚀 Bitcoin Trading Setups and Future Predictions

In the final paragraph, the speaker delves into a specific Bitcoin trading setup on a 4-hour timeframe, discussing the use of the VMP indicator and exponential moving averages. They mention a recent change in their trading strategy and the resulting performance summary. The speaker also talks about the HPDR indicator and its implications for Bitcoin's price movement, suggesting a high probability of Bitcoin closing above a certain price level. They conclude by promoting their trading automation service, 'The Skeleton Key,' and offering a discount for their audience. The speaker ends with a reminder of the upcoming live streams and a wish for the audience's well-being.

Mindmap

Keywords

💡YouTube Analytics

YouTube Analytics refers to the data and statistics provided by YouTube that helps content creators understand their audience, video performance, and channel growth. In the video, the speaker analyzes these analytics to gauge the interest and engagement of their viewers, which is crucial for understanding the reach and impact of their content. The speaker mentions views, subscriptions, and revenues as key metrics they are examining.

💡Retail Investors

Retail investors are individual, non-professional investors who buy and sell securities for personal accounts, as opposed to institutional investors like banks or investment firms. The term 'Normie' is used in the video to refer to retail investors in a casual and somewhat humorous manner. The speaker uses this term to discuss the level of market participation and excitement among the general public.

💡Bitcoin

Bitcoin is a decentralized digital currency that operates on a peer-to-peer network, allowing for fast and secure transactions without the need for intermediaries like banks. In the video, Bitcoin is discussed in the context of market cycles and its price movements, which are of significant interest to the speaker and their audience.

💡Market Cycles

Market cycles refer to the recurring patterns of increase and decrease in the prices of financial assets over time. These cycles can be identified through various indicators and are often used by traders and investors to make informed decisions. In the video, the speaker uses historical data from their YouTube channel to correlate market cycles with viewer engagement.

💡VMP Indicator

The VMP (Volume-Weighted Price) Indicator is a technical analysis tool that measures the volume of trades at different price levels, providing insight into the strength of a market move. It is used to identify potential support and resistance levels. In the video, the speaker uses the VMP indicator to analyze Bitcoin's price movements and make predictions about future trends.

💡HPDR Indicator

The HPDR (High Probability Daily Range) Indicator is a technical analysis tool used to predict the potential high and low price range for a security over the next trading day. It is based on historical price data and is used to identify potential trading opportunities. In the video, the speaker uses the HPDR indicator to forecast Bitcoin's price action and to set exit points for trades.

💡Fibonacci Levels

Fibonacci levels are a series of numbers that follow the Fibonacci sequence, used in technical analysis to identify potential support and resistance levels in financial markets. These levels are derived from the golden ratio and are believed to indicate key price points where the market may experience a change in direction. In the video, the speaker refers to Fibonacci levels to predict potential price targets for Bitcoin.

💡Crown Quant Automation

Crown Quant Automation is a service or platform mentioned in the video that provides tools for automating trading strategies. It allows users to backtest and potentially automate their trading, which can be beneficial for those who want to implement a systematic approach to trading without constant manual oversight.

💡Discord

Discord is a communication platform that allows users to create and join communities, often used by gamers, content creators, and various interest groups. In the context of the video, Discord is mentioned as a place where the speaker shares strategy templates and other resources with their community.

💡Sale

In the context of the video, a sale refers to a promotional period during which the speaker's services or products are offered at a discounted price. This is a common marketing strategy to attract new customers or incentivize existing ones to make purchases.

Highlights

The speaker is analyzing YouTube statistics related to views, subscriptions, and revenues.

The term 'retail' is considered misused, and the speaker prefers the term 'Normie'.

The speaker is scheduled to appear on nft Nick's podcast.

The YouTube channel is approaching its anniversary with nearly 190,000 subscribers.

There's a comparison between current YouTube analytics and previous market cycles.

The speaker's channel views are significantly lower than during the November 2021 market top.

The speaker interprets the data to suggest that 'normies' are not yet fully involved in the market.

Bitcoin is trading above prior all-time highs, but the market hasn't reached a state of 'absolute insanity'.

The speaker discusses the correlation between YouTube views and Bitcoin price movements.

The speaker's estimated revenue is mentioned, indicating financial success.

The speaker provides a statistical analysis of Bitcoin's 4-hour time frame setup.

The speaker mentions the use of the VMP indicator and its relationship with Bitcoin's 4-hour uptrend.

The speaker discusses the potential for Bitcoin to close above the top side of the hpdr bounds.

The speaker refers to the hpdr indicator and its implications for Bitcoin's price movement.

The speaker mentions the Skeleton Key script and its use for backtesting trading strategies.

The speaker promotes a sale on the crown Quant automation platform with a significant discount.

The speaker concludes with a message to 'choose rich' and mentions upcoming live streams.