Bitcoin ETF BOMBSHELL! Altcoin Rollercoaster Ahead!

📈 Get Up To 35% OFF LuxAlgo NOW!
➡️ http://luxalgo.com/ccv

In this video, I delve into the current unprecedented state of the cryptocurrency market, focusing on Bitcoin dominance and its implications for altcoins. I intertwine this with the impending Bitcoin spot ETF, the ongoing Coinbase vs. SEC case, and a looming unknown factor leading into 2024. I emphasize the need for caution and analyze technical indicators from crypto cycles to gauge market direction. I highlight the unusual nature of this cycle, where altcoins like Ethereum and ADA show different momentum compared to previous cycles.

I discuss the potential impact of the Bitcoin spot ETF on market dynamics and caution against over-optimism in the altcoin market, given the overbought state of some coins. I also touch on the broader global context, including political and economic uncertainties, and their possible effects on the crypto market. I conclude by emphasizing the importance of patience and careful analysis, using technical indicators to navigate these uncharted waters.

Subscribe, Like, Follow me www.twitter.com/cryptorecruitr

Intro 00:00
The big Bitcoin dominance move 1:20
WARNING to alt coin holders 2:45
Bitcoin spot ETF impact 4:30
Things heating up for altcoins 5:55
Preparing for an unknown 2024 6:30
Ethereum and Cardano chart roadmap 8:30

Join this channel to get access to perks:
https://www.youtube.com/channel/UCnMku7J_UtwlcSfZlIuQ3Kw/join

🟩 Bitcoin 4 Year Cycle Prediction – This May Change Your Mind On BTC

⬇How To Stake Your Cardano In Minutes With Crypto Capital Venture!⬇
Stake Your ADA With Ticker: CCV1 ➡ https://youtu.be/cikJiJgRZFQ

⚡ Catch Me On Twitter
⚡ http://twitter.com/cryptorecruitr

Crypto Capital Venture New – Cycles of Bitcoin – https://www.tradingview.com/chart/BLX/IzGnRABO-The-Cycles-Of-Bitcoin-Speculative
☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰☰

*Crypto Capital Venture does not guarantee or make any representations or claims to any particular amount of staking rewards that you will earn through delegating your Cardano. Any return that the protocol disburses to you is decided by the protocol. You are not investing your Cardano with Crypto Capital Venture. Delegating to a Crypto Capital Venture stake pool does not involve transferring or legally assigning the Cardano or the rights thereof. Crypto Capital Venture simply serves as a validator and provides community members a way to delegate to the Cardano Protocol consensus mechanism. All staking percentage rates and all rules and parameters are decided by the Cardano protocol.

*The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.

Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.

#crypto #cryptocurrency #cryptonews #cryptocurrency #cryptocapitalventure #blockchain #finance #stock #investment #crypto #altcoin

We are in absolute unprecedented times right now everybody we’re in these brand new Waters in crypto cycles that we’ve never been in before in this video I want to break down the charts I want to talk about Bitcoin dominance what’s happening a very big move happening right now in Bitcoin dominance what it

Means for altcoin markets but I’m going to intertwine the Bitcoin spot ETF weeks away coinbase versus SEC weeks away and this unknown thing going into 2024 that I just can’t get off my mind right now and I want to tie it all into the technical analysis of crypto Cycles

Bitcoin Cycles altcoin cycles and discuss the the true indicators from a chart perspective that I’m watching for but I will say one thing right off the bat everything that I’m going to discuss we are truly in waters that we’ve never been I’m going to dig into the depths of

It to show you how that is there is I think very good reason to just tread lightly there is very good reason for caution right now and I’m going to show you the indicators that I’m waiting for to trigger to give me a sense of what direction are we heading

Into next in the short term so please hit the Subscribe hit the like let’s discuss these things I’m I’m trying to figure out the best way to unpack all of this everybody I think I’m going to start from a foundational perspective the big move that is happening on on

Bitcoin dominance this big move is the starting point breaking this this this is going back to May 2021 by the way this Uprising on the momentum oscillator Bitcoin dominance making moves to the upside it’s an exact move that we saw in the last cycle preh having it’s playing

Out almost identical so from that perspective there is consistency all across the cycles of crypto right now but when you start digging into peeling back some layers Things become a little bit like oh that’s that’s tricky and so that’s what’s happening right now Bitcoin dominance is breaking this trend

Line and a similar way that it broke right here back here in 2020 or actually 2019 20120 preh having but I’m going to dig into why it’s a little different for altcoins the the general thought might be man Bitcoin Domin is about to fall again like it did last time altcoin is

Going to make a move to the up to the upside I’m going to use ethereum and I’m going to use uh Ada to kind of illustrate this if we go and we look at ethereum for instance back at this time last cycle when Bitcoin dominance and just to give you

An idea this is the Bitcoin dominance move we comparing back here when Bitcoin dominance was making this move please take note of ethereum it did make the move to the upside it made a very good move to the upside this is where things get tricky deceiving many

People might be like hey we’re about to get an altcoin run many people might call it alt season there might be some videos prepare for alt season I say time and time again I don’t think allcoin season is until over here post Bitcoin having now notice when ethereum did make

The move as Bitcoin dominance was falling back then notice where the move was coming off of this Launchpad area on the momentum oscillator a boost it was to the RSI overbought territory right so it was ready to make that move as Bitcoin dominance falling you go to

Something like adaa we go to Ada on the weekly at the same time Ada make made a similar move right to the upside break to the upside right same thing Ada was at this Launchpad area from an RSI perspective a ton of momentum to the upside to make the move here’s where

We’re in unprecedented Waters Ada if you look at Ada as Bitcoin dominance is just triggering this move a doesn’t have this Launchpad starting point right now A is overbought all coins are overbought ethereum definitely not as overbought as something like cardano salana avac things like things things like that but

It touched overbought it’s not at this Launchpad level that it was at last time for me this doesn’t say it’s definite altcoins are not going to make a run but it does say to me be careful it has my eyebrow raised a little bit now we start

Tying into play into these charts and the technicals are what we’re discussing yeah there’s caution there from a technical analysis perspective but what else well going back to this chart Bitcoin spot ETF Bitcoin has this this thing that’s in play right now this is where things get even more dicey Bitcoin has this

Thing in play right now yeah broke a technical level but the Bitcoin spot ETF is is almost imminent in in the coming week and a half two weeks look at this this was just today silbert stepping down as gray scale’s chairman effective January 1 Eric over here an analyst at

Bloomberg says I have no info Beyond this article but my gut tells me this is grayscale trying to show SEC it’s being a good boy and worthy of making first tranch of launches sec’s been meeting with all these firms there’s so many indicators that say it’s

Going to be approved if this is the case I don’t know in the short to midterm more the midterm how Bitcoin will react my my initial thought is it’s going to pump and then maybe we get actually a big just crash to the downside but either way Bitcoin dominance off of

Bitcoin spot ETF news is probably I would say more likely than not right and so yeah we’re getting the break to Downs sign from a technical level but we’re in this environment where we have a Bitcoin spot ETF driving insanely bullish narrative on the macro for Bitcoin so

This might cruise to the upside while remember things like Ada are overbought that screams caution for me in the altcoin Market at least for the short term I’m going to talk about the the exact indicators to look out for but this screams caution now the other thing

I just want to throw in the mix because now things get very uncertain uncertain January 17th the coinbase versus oral arguments If this just leans towards a positive type of thing for coinbase this will be very good for things like Ada so now we have a positive potential

Narrative and event for things like Ada and all coins that makes things even more tricky to identify what is going to happen next I have indicators that I’m going to show you in this video in a couple minutes that I’m watching I’m not I’m not trying to speculate as much as I

Right now I’m just watching I’m waiting and watching but that’s in play and then this third thing is the unknown I just want to I just want to say this from my perspective please let me know in the comments if you’re if you’re on board

With me or if you’re just you think I’m crazy but the world as you see right now is crazy right now we have wars taking place everywhere we have the civil unrest in this country is absolutely insane and we’re going into an election year there is so much unknown there’s

There’s conspiracy theories floating around that I don’t think are conspiracy theories at all and we’ve been here before in terms of conspiracy theories pretty much being being proven true just based off off of data unemotional analysis even with that but going into an election year I think there is so

Much in play and I’m not going to talk about the details it’s I’m not going to make it about that but there is so much in play for pretty negative things to happen the unknown of it all and and what happens in that type of event a Black Swan type

Of event it’s almost like we just don’t know how that would impact these markets and that’s just this third equation that plays into these charts as we go into this new 2024 it’s an election year the world is just going crazy this this country is falling apart absolutely

Falling apart there is so much in play that I think could go wrong and how that impacts crypto that’s next level that’s next level and all we can do is anticipate the worst right we can anticipate we can anticipate the best but also anticipate the worst expect nothing anticipate everything so all of

These things are like in the charts right now and we truly are this is a time that we’ve never seen in crypto all of these just opposing forces bullish and bearish and and and all of these events happening here’s where I step back and this is in particular we know what’s

Going on with the Bitcoin spot ETF the Bitcoin dominance potential short-term potential to the upside when we start talking about altcoin markets here’s what I do I go over here and I I look at the technicals I put the emotion aside the events aside I say where are we just

Technically because this is what’s been the most sound no matter what event happens this has been the most sound thing to to watch for that keeps me in check first off Ada overbought this is it doesn’t matter if you hold Ada or not it’s a really I study Ada charts a lot

Ethereum it’s not quite overbought but it’s up there these these allcoin markets are overbought that’s number one little bit of caution that doesn’t mean we won’t continue getting a break to the upside if things go really well for altcoins for the coinbase case right for crypto if crypto just keeps getting

Adoption things could keep going but that’s first piece of caution but then the other thing is I started digging in and now I’m going to look at this this a couple Lux algo indicators that are really helping me get even more perspective the depths of these markets

Right now we’re comparing where we are right now to the Bitcoin dominance move right so this is Ada charts this is Ada chart last cycle well we’re overbought and we weren’t overbought here when we made that move we’re more kind of in this area of overbought here when a was

Going into staking that’s why we keep saying a is making this power move to the upside earlier this cycle pre- Bitcoin having not post Bitcoin having but regardless the move is very similar into overbought we are into overbought we are it’s earlier but that’s where we

Are so I started going back and I wanted to study the this move going into Shelly back in 2020 post Bitcoin having I wanted to study that move on Ada on The Daily and so what I noticed was this we’ve already identified this Lux algo order block right that’s what this is

This order Block it’s just this this high volume area it’s illustrating this high volume area of Market participation there’s resistance here right and so when we get these types of areas we’re either getting an order block of resistance which is what we have here or

One of support back here right so I went back and I went back to this Shelly move so here it is on the weekly this very similar move and I wanted to look at what was going on in the daily chart back then and you can see what happened

I’m going to go to Ada and I’m going to go and this is this is not just Ada everybody this is this is kind of an analysis for any altcoin that that anybody holds but we go back and I I want to replay for you the move to That

Swing high right there so I’m going to go play it and check it out you see that swing high right there starts hitting this area this order book this order block of resistance right and the same thing is what’s happening right now we’re hitting an order block of

Resistance and let me I’m just going to show it one more time in case you missed it it triggered very quickly on this chart but check it out check it out there it is did you see that let me slow it down boom you see that order block we Wick to the

Upside kind of a fake out to the upside through that order block and then Watch What Happens next because this is the next important this is the next important piece that I’m anticipating in terms of the potential for a retracement for the bullishness to fail that change of character triggered

But bar change of character the bearish break of structure triggered and then look what happened right now a bounce off of an order block so it finally found support at this order block to the downside going to the adaa Chart we have something very similar happening so

Let’s go to the current kind of chart so there’s our resistance it seems like an even bigger area of resistance for Ada right now we’re within consolidation so there’s been no confirmations yet we’re in the structure setup into the 20-day mind you this could this could break to the upside and

That’s something I’m waiting for do we get a break to the upside through this upper trend line through this order block of of resistance this would be again something we’ve not seen this would be a power move in the altcoin market that we’ve not seen and it could

Signal something very powerful for for altcoins and for crypto in general but I’m waiting for the move because it hasn’t happened yet right now is I have as caution and an area of resistance now to the downside as you remember we started seeing change of character in that overbought territory back back then

Years ago change of character as it started falling to the downside do we start getting similar types of of moves on Ada that’s what I’m waiting for because if we do then we have targets to the downside and they’re not very pretty right this right here you can just see

This order block down here is sitting at around 39 to like 37 cents or so so that’s potentially in play retracement and would it be so uncommon for something like that to happen no it’s exactly what happened in the last cycle these are some things I’m anticipating

In terms of altcoins but I’m waiting for these indicators to trigger I’m waiting for you know not headlines not news events I’m waiting for them to happen to see how it triggers a move on the charts but I’m not speculating purely on those events I’m waiting to see what the charts do

I’m waiting to see what these indicators do because out of anything over over the years it’s the indicators that have helped me stay unemotional through these times where we run into just a Confluence of multiple things where we’re just like man how is this going to

Move markets right now and then you look back at the charts and you do see okay that makes sense how that actually played out and it only makes sense because of the technicals it only makes sense because of how the data is plotted on the screen right now we have a lot of

Data that’s offering us a lot of just I think guidance in terms of what to anticipate it’s just a matter of waiting for certain things to trigger and that’s what I’m doing now you look at something like ethereum ethereum at this upper trend line its own area of resistance on these

Charts so what’s going to happen with ethereum during this next couple of weeks there’s room for retracement for ethereum ethereum already had its 20we moving average crossing the 50 right that’s why ethereum’s consolidating in a way that it hasn’t um or in a separate way from other altcoins because it’s

Already made it it’s kind of more bullish move from a dominance perspective back then it made an earlier move I think many people might be forgetting that it’s just consolidating now but there’s room to the downside there’s room to the downside for Ada but what if what if ethereum breaks and gets

Separation from this upper trend line again that could be a power move but I’m only sitting here waiting for for an ethereum move like that to see if it even happens I’m only sitting here waiting on a cardano move to even see if it happens to the upside otherwise what

Does consolidation to the downside look like I’m just being cautious right now everybody because we are really in these times that are just absolutely I I said I said it a couple times I think but unprecedented it’s it’s really like nothing we’ve ever seen it’s all about caution

Patience not trying to guess exactly what’s going to happen nobody can predict it’s all about for me anticipating every scenario uh and I think evaluating and waiting for certain things to trigger on the charts is very helpful for me to do so going to continue watching these charts I should

Have mentioned earlier very curious at the 20we moving average for Bitcoin dominance you can just see it’s hovering just above that area when it made that move to the downside last cycle breaking that that Trend that it was in notice what happened at that time Bitcoin was

Falling below we getting ready to fall below the 20we moving average in the next couple of weeks with the Bitcoin spot ETF what happens here does it actually diverge start seeing support at this general area and make another move to the upside that would be different than last cycle could be a shortterm

Move for Bitcoin dominance back to the upside before Finally Falling truly falling because I think in the long-term Bitcoin dominance is falling uh so only a matter of time but these are some of the things I’m watching everybody I appreciate you cruising through I will

See you all in the next video God bless