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    WAVE COUNT FAVORS UP, as Crypto Market and Bitcoin Pause with Stock Market Elliott Waves Deep Dive



    As the crypto market pauses with the stock market, I take a deep look into the Elliott Wave Theory count for the Dow Jones. A requirement for Bitcoin throughout all of its history has been that the stock market is rising. Int his video, I attempt to do the Elliot Wave count for the stock market to see if it favors more upside, along with discussing the psychology of each wave, to see if that matches the current sentiment of the cryptocurrency market right now.

    Below are products and services that I personally use and spend my own money on.

    iTrustCapital – Cryptocurrency Retirement IRA’s are here and I can trade within my IRA and have non-taxable events. Get $100 credited to your account when you sign up and fund your account through my link, a special deal worked out for viewers of the BCB channel and iTrustCapital.
    http://itrust.capital/bcb

    TradingView – The technical analysis charting software I use in every video, utilizing all the tips and tricks, best practices, complete analysis of the cryptocurrency market and exit plans. Get up to $30 off your subscription when you sign up through this link.
    https://www.tradingview.com/?aff_id=108410

    Linqto –Private equity investing in companies prior to having their IPO. They offer popular companies like Ripple.
    http://bit.ly/Linqto-BlockchainBacker

    Unstoppable Domains – Own a .crypto domain, and tie multiple crypto addresses and wallets to one simple human readable name, like mine, bcbacker.crypto, where you can send me XRP, BTC, ETH, ADA and more, by using that one simple address.
    https://unstoppabledomains.com/r/d245bfb21ad8485

    Ledger Nano – Get your crypto off of the exchanges and into your own possession with a cold storage wallet.
    https://shop.ledger.com/?r=1da91545b469

    Hi, I am the Blockchain Backer, bringing you the latest cryptocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.

    To support my channel and become a Backer, Hodler, or Whale here on YouTube, here is the link: https://www.youtube.com/channel/UCia6oYbLKo8fLOguATpACmA/join

    DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions. Any affiliate links in the description of these videos may provide a commission if you decide to purchase their products. I appreciate any and all support of my channel, and without you, I wouldn’t be here. Thank you.

    View 47 Comments

    47 Comments

    14. #1 XRP (Brandon) on

      Everybody says we're going higher then everybody says we're going lower. We are in such a difficult time right now because I have a bunch of analysts that I love saying up and then I have a bunch of analysts that I love saying down so I'm conflicted on whether or not I should continue to buy or wait. Anybody else having these Difficulties? I don't want to miss the run up But I also want a good price and I've been dollar cost averaging but it's still a mind twister

    27. Christian P on

      Been following since before the 0.225 bottom that you called to the cent. Been on the course since 2020. I remember your dog's loss and getting the new one. Also inspired by other non crypto acomplishments you have man, looking to get to 9+ someday. Thanks and hello from Guatemala bro.

    29. PURP __x on

      Amazing video, just learning about the different waves really helps. Thanks for everything you do my dude, helps plebs like me learn. <3

    33. 96robj on

      The way you explained the psychology of each wave educated me so much. Thank you BCB, have followed for years and you always bring value to the space!

    37. PEPE The Frog on

      Hey BCBacker can you look at the charts of EOS DASH and the other altcoins you discussed and make a short analysis of what you think about them? I know you sold a lot of your alts for xrp but we would love to know of your opinion on those coins

    38. Sovereign Individual on

      Very informative. I always learn so thing new when I watch your videos. Thank you.
      Question. How long will it take for bitcoin to get up to 40k once it starts pumping? We talking days or weeks?

    41. Luna Nm on

      Blockchain backer, in the senario you describe are you expecting all time highs for alts or are you expecting to just take some money out when it goes up a bit more during wave 5??

    42. Blockchain Backer on

      As the crypto market pauses with the stock market, I take a deep look into the Elliott Wave Theory count for the Dow Jones. A requirement for Bitcoin throughout all of its history has been that the stock market is rising. Int his video, I attempt to do the Elliot Wave count for the stock market to see if it favors more upside, along with discussing the psychology of each wave, to see if that matches the current sentiment of the cryptocurrency market right now.

      Below are products and services that I personally use and spend my own money on.

      iTrustCapital – Cryptocurrency Retirement IRA’s are here and I can trade within my IRA and have non-taxable events. Get $100 credited to your account when you sign up and fund your account through my link, a special deal worked out for viewers of the BCB channel and iTrustCapital.

      http://itrust.capital/bcb

      TradingView – The technical analysis charting software I use in every video, utilizing all the tips and tricks, best practices, complete analysis of the cryptocurrency market and exit plans. Get up to $30 off your subscription when you sign up through this link.

      https://www.tradingview.com/?aff_id=108410

      Linqto –Private equity investing in companies prior to having their IPO. They offer popular companies like Ripple.

      http://bit.ly/Linqto-BlockchainBacker

      Unstoppable Domains – Own a .crypto domain, and tie multiple crypto addresses and wallets to one simple human readable name, like mine, bcbacker.crypto, where you can send me XRP, BTC, ETH, ADA and more, by using that one simple address.

      https://unstoppabledomains.com/r/d245bfb21ad8485

      Ledger Nano – Get your crypto off of the exchanges and into your own possession with a cold storage wallet.

      https://shop.ledger.com/?r=1da91545b469

      Hi, I am the Blockchain Backer, bringing you the latest cryptocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.

      To support my channel and become a Backer, Hodler, or Whale here on YouTube, here is the link: https://www.youtube.com/channel/UCia6oYbLKo8fLOguATpACmA/join

      DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions. Any affiliate links in the description of these videos may provide a commission if you decide to purchase their products. I appreciate any and all support of my channel, and without you, I wouldn't be here. Thank you.

    43. Daniel Ciancio on

      Awesome video BCB. Thank you. But What does wave 5 in the stock market mean for the alt coin market ? Would we have enough time for ETH to finish that fractal you mentioned (the beginning of the super cycle) . Also the merge is coming in a few weeks. Is Bitcoin going up to 40k consider a retracement that we need for the alt coin season we all want ?

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