CAUTION: This Bitcoin TRAP Could Take MONTHS! This HAPPENS NEXT for Crypto

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Video Description:
2023 has come to end and most markets around the world have set new record prices! Does this set a trap for Bitcoin and crypto in 2024? Let’s review the data in this video to answer this question.

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➢ Disclaimer: This video is for entertainment purposes only. It is not financial advice and is not an endorsement of any provider, product or service. All trading involves risk. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. Swyftx, ByBit, BingX and Bitget are channel sponsors. All decisions you make are your own. #crypto #bitcoin #cryptonews

2023 was the year of the Trap it trapped the unsuspecting investors into thinking that the markets would collapse recessions were here money printing was in excess inflation was rampant interest rates were Rising wars were breaking out debt sealing crisis were happening banking crisis were happening and now we

Find ourselves at new all-time high yearly closing prices today’s video let’s have a look at the traps that have been set the Trap that is is forming on bitcoin and you are most welcome to take a shot every time I say the word trap in today’s video you know where you are

You’re on the home of macro cycle analysis where we study the past to forecast the future across the stock markets Commodities Bitcoin cryptos real estate hopefully I’ve covered them all because this is what we do on the channel links in the top of the video description for our end ofe sale

Subscribe to the free Tia report and you will go on that list right now I’ll cover these later in the video but let’s let’s get started with probably one of my most favorite quotes when it comes to the markets because essentially they go up roughly 75% of the time that is three

Out of four years markets go up markets can remain irrational longer then you can remain solvent and I think this year has shown that very very clearly the irrational behavior of the markets heading up despite everything that I listed in the intro plus many many more reasons shows that they can remain

Irrational longer than we can remain solvent and this goes a long way to explaining where we are in the real estate cycle so looking at the 18.6 year real estate cycle we are roughly in this stage of the cycle so heading up into this last half these last couple of

Years are the craziest years so never forget this particular quote when we start to see the markets go even more ballistic later in 24 and 25 at least according to my own analysis and of course you can make up your own analysis along the way I’m just presenting you

With the data and the facts and then collating them into the way that I see the markets so that’s what I’m looking at over the next couple of years we have had a nice close out of the markets across the world at the end of 2023 and

We’re waiting just two more days now for Bitcoin and cryptos and we can see that trap being set for BTC it’s had a phenomenal run and I think we’re seeing that trap being set right now so remember this markets can remain irrational longer than you can remain

Solvent and that is basically looking at markets going up and then of course when we think that they are going to fall they can keep falling further than what we anticipate so I posed this question on Twitter yesterday or X if you get triggered by calling it Twitter now this

Is looking at a massive trap forming on bitcoin we’re looking at the 50% level the game 50% level of the bare Market range you can see from the all-time high to the low and every single cycle the same thing has happened is it going to

Happen again I think so but the rhyme is that it won’t happen the same way as what happened in the past from this post yesterday a lot thought that I was expecting a major collapse for BTC some sort of Black Swan pandemic event later in 2024 but I don’t think that’s the

Case the main point here is to watch this 50% level which we’ll get into in detail in just a moment but let’s have a look at how these years have ended it is the end closed 2023 done for the stock markets and what we can see in

Particular for the SPX is that we had a new alltime high close on the yearly chart the SPX has never closed this high in its entire history as I was going through my analysis of the macro time frame for the SPX there was one major thing I noticed here and in its history

Only once has this occurred we’ve seen a green year red year green year then a red year so just remember that when we’re hearing about recessions and interest rates dropping I suspect the narratives will shift but there will be something that the Bears will try and

Tell us that has to be a reason for why the market should collapse in 2024 and that that one time occurred back in the 60s so since the end of World War II it’s only happened once in its history where we’ve green red green red you can

See from the rest of these years it’s basically been red then at least two green years in a row before you get another red and typically if there was another red and it’s not the end of the cycle here uh then you can see that that red hasn’t been extremely significant

The only time that it has been extremely significant in the broad picture of course has been the do collapse even the GFC had one red year before it went green green and then basically this red was almost non-existent there was only a few well basically says zero here at the

Top where you can see the open and the close so it’s essentially a flat year you could almost call it a green year green green Green tiny red again not even 1% difference green green red only 6% difference green green green red here was 19.4% so it’s pretty much the most

Significant red year was 2022 that we had had since the GFC of course in the future anything can happen we always have to remember that but if we’re looking at the data from the past well we would probably say that we’re most likely going to see a green year that is

Obviously bullish for the rest of the markets before we get too far let’s have a look at the rest of these traps that had formed on the S&P 500 we’ve seen the highest monthly close in history the highest yearly close in history for the Futures Contract the traps have

Basically been the bottoms we had significant fear at the cycle low in October September and October of 2022 it was inflation it was interest rates it was anything that the media could tell us about and I’ve seen some comments people saying that I give the media too

Much pressure or I give them too much crap well essentially they’ve been wrong the entire time so if you want someone to go easy on the media maybe go and watch the media if you want to see where the markets are going then obviously check out the cycles and understand how

To read a chart so the next low here was the banking crisis the crisis that everyone told us had to collapse the markets that was a huge mega trap because the majority thought it was going to collaps and probably kept a lot of people out of the markets especially

In Bitcoin then we had the October trap and that was a pretty significant one personally I felt like October was the most difficult one to read we had three months down we had the market testing the previous resistance levels and then from November it just went ballistic

From that point and we’ve seen all-time highs on almost every single Market including the NASDAQ the NASDAQ has been up very very significantly over this whole year from the low to the high we did 63% to the closing price is 62% from that October low so it’s been a massive

14 or so months for the NASDAQ it is now up 4% uh from the last yearly close so from one year to the next it’s up 4% think about that when you’re looking at the all-time high prices here and all-time high closes a pretty significant move

After a mega mega drop in 2022 the Dow Jones all-time high territory it’s getting stumped now at the 50% level of this range so we’ve got that to contend with we’d want to see this close above over the next couple of months over 38,000 but you can see it just got

Rejected by 40 points just a a small 40 points there on the monthly close so that could lead to some Paw in the prices in this first quarter maybe first half of 2024 which is something that we’ve looked at for quite some time now so that’s looking at the US markets

Every single one of them have closed in new all-time high territory for the yearly charts monthly charts things are looking very very positive and as I pointed out with this piece of data here only once in history has the market done a red year the following green year after a red year

Basically red green red all right let’s move on to the rest of world as I’ve got a few minorities to get through just briefly so if you are American check out what’s going on around the rest of the world because you’ll see that everything else is not doing too bad after all

Australia new all-time high closing price on the monthly chart and on the yearly chart not there just yet on the price but it’s less than 1% from a new all-time high price potentially will happen in January if the US also continues up as well but overall new

All-time high prices on the monthly and yearly chart the closes there now our other minorities UK Canada Netherlands how’s it going over there in Canada it’s getting very close to another new all-time high it’s just 6% off so probably the weakest out of the lot but

It is creeping up and is closed above that previous resistance level things had seem a little bit worse in Canada over the past several months I heard a lot of talk about the property prices being down but you can see here that these markets are heading up despite

What the media is telling us and the same deal for the UK it is also within Striking Distance of a new all-time high price the monthly is very close there and in terms of the annual close the highest in history now for the Dutch friends all I’ve got here is the Euro 50

It is a new all-time well 22-year High when it comes to the yearly close and the monthly close you have to go all the way back to January oh sorry to 2000 to get a highest close so you could say 23 years there but in terms of

The monthly it’s roughly 22 years so 22e high for the top 50 in Europe so all is seeming good all around the world new all-time high closing prices and when we do move into all-time high prices markets can remain irrational longer than we can remain solvent and another

Thing that Gan notes is that when markets break out into new all-time high territory there’s just no way of knowing exactly where they’re going to end up and when they break through those tops things can get really crazy which is why I do bring up that quote so often is

That things can go ballistic it it just probably won’t make sense why these markets are so high media and so on are going to try and tell us why they should be that high but things can get very very irrational and we should know that because of crypto and Bitcoin things can

Get extremely irrational why any of these cryptocurrencies or altcoins shitcoins are worth so much absolutely Beyond me of course there are going to be the lovers those who are married to their old coins that will tell us why they need to be worth that much but of

Of course that just triggers them to try and explain themselves we don’t need that just make money from the markets who cares about what they do they’re not going to care if you’ve seen 2021 they basically scam everyone anyway let’s just make money from them and move on

Now the Trap here I hope you’re keeping track of how many shots you need to take when we’re talking about traps looking at Bitcoin and the 50% level now as I said I’d pose this on Twitter so let’s bring this down here and have a look

We’re looking at the 50% level and how long it’s taken to over come this 50% level now this has been a big one that I’ve been following on the channel because it can trap us into thinking that this Market just has so much strength to go because of the media and

The narratives that are coming up in about less than two weeks now we’ve got the ETF deadlines now if the ETFs are delayed well that would be your explanation as to why the market potentially moves down if they are approved well then it could be a buy the

Rumor sell the event type of movement as well because what we’re seeing at the moment is the price just coming back under 422 now the monthly has not closed yet there are two more days left so when I make my next video we’ll get the absolute answer to this one here but I

Dare say it’s probably not going to be very convincing even if it is a close above the 50% level that this Market is ready to continue powering on taking out 48 taking out 50k and then eventually taking out 69 until it’s time until we get a bit of a correction some time to

Digest this significant move that does not mean that I think the market is going to collapse I don’t even think it’s going to break down past 30,000 just throwing that out there you don’t have to live by it or die by it if things change then definitely change

Your view on the market but at the moment it doesn’t seem like we’ll get such a significant breakdown into this previous Zone based on the strength to the upside and we can you look back at the previous cycle which I think we’re uh following mostly which comes back to

2016 we had that first attempt then we had the Haring we had the pullback to test the tops of that previous accumulation area or reaccumulation because the accumulation was prior to that and then we finally got the breakout on the second attempt there was the test and then here is your breakout

In November of 2016 which also coincided with the election the actual election month of uh of the US so from that point markets went absolutely ballistic so it seems like there could be a little more time left for that going back to the 2019 2020 cycle uh this did not even

Break down into the previous accumulation Zone the only thing that got it close was a worldwide pandemic and unless you’re banking on the hopes of another worldwide pandemic that might be your only savior to getting prices back down into those significant zones probably at least back under that 25k

Level so even the previous cycle had two attempts at cracking the 50% level the first failed and you can see the monthly close was underneath that 50% it went back up and tested that level again it got back above 50% on The Daily and the weekly but then when that month came in

In July it closed back under it then again it happened in August it went back above the 50% level and then by the end of the month it closed under it and then we didn’t see that 50% level again until we got to July of 2020 you had the

Harving just before that period you had the test a small close above a rejection and then the market was finally ready to go you’ve got October and then the election month November 2020 so this time now looking at the month time frames here looking at the span here

That was uh 22 months from the low to the final breakout month where it actually broke out and did not come back same deal for the previous cycle you can see we had 22 months from the cycle low to the point where the market broke out

And did not come back to test those levels again it was 22 months 22 months sits this Market somewhere out around September so that comes pretty damn close into the presidential election again which is scheduled for November 2024 so there are still several questions left unanswered is 45k the

Intermediate top not the final top not the top for the cycle but just the intermediate top how and what does that next correction look like if in fact we get a correction and then will that correction form and time similar to the previous Cycles whereby it takes 22

Months to finally break out on roughly that second attempt of cracking the 50% level so there’s still some pretty decent questions to be answered here and of course if you haven’t bought any BTC you would be hoping and waiting for the market to go back down and if you have

Entered all your positions your Bitcoin your crypto your eth whatever it is then all you want to see is Market’s just skyro rocket and do your 10 20 X’s so you can get out but for now we don’t have an answer on that and it seems like we’re still following similar paths to

The last two cycles something that would be different but essentially I would call it a rhyme because it’s still a correction which is the same but the rhyming is the depth of the correction the depth of the correction in 2019 was 53% except for the co pandemic so if we include the pandemic

72% now if we saw a previous correction like we did in 2016 you got roughly 40% or going back to the previous one here uh the the most it dropped was around 31% but considering we’ve only done 20 to 22% this cycle so far it might be a

Little bit of a stretch to think we would get something like a 54 or 72% like we did in 2019 and 2020 so maybe somewhere between that 20 and 30% could be a reasonable area maybe extreme considering we’ve only done 22% so if we did go out to 30 or 32% like the

Previous cycle that would sit us somewhere back down around $30,000 but I’m not hoping and waiting for the market to get there we’ll obviously follow what the trends and the patterns are doing on the way to that price if in fact it does get there but of course the

Timing is the most important so we want to see how this progresses over the first half of 2024 the wov schematic could also have some Clues as to where the market would correct to typically you wouldn’t see a phase e drop back into a phase D so if this is Phase D

Then we probably won’t see the prices drop back under 30 31,000 or at least close under there on a something like a weekly basis so there could be Wicks of course we know sometimes these markets become pretty IL liquid and they can flush out either end of the of the

Buyers or sellers so we got to keep that in mind but essentially if we are looking at those price ranges like we looked at just earlier around that sort of 20 to 22% would sit you somewhere between 34 and $336,000 and if we want to get a little bit more extreme going

Down to 30% well like I said before roughly 30 to 31,000 and that would still keep us within the rules of the woff schematic uh of these being phase D and then phase e where the market breaks out puts in a correction consolidates a stepping stone a reaccumulation and then

Continues to take off to further and higher prices now ether is the interesting one to have a look at over the next 12 months you can see that we are sitting at relatively similar areas to where we were in the last cycle where it’s broken down to come and test where

The US dollar low was now this is the ethereum Bitcoin chart and the prices are pretty similar uh considering where we were in the last cycle however this cycle has only seen a decline and I say only it’s still a significant number it’s only seen a decline of 44% against

Its BTC value from the peak to the absolute trough so far in the last cycle it went from its peak to the low which was 90% so it’s done roughly half the decline this cycle which seems pretty strong considering where it’s come from and the strength of Bitcoin over the

Last two cycles now the next 12 months is going to be a very important one for this chart you can see over the last cycle the 13 12 months there was underneath the US dollar low this time round we might not have 12 more months to accumulate e underneath that USD low

So if this doesn’t occur we don’t see a breakdown underneath these levels then I’d be watching for an accumulation at these levels or at a best case scenario you might even see eth climb back and close above the 6% level and start to accumulate at higher prices again which

Would basically put in some sort of double bottom here for the eth BTC pairing so what happens for cryptocurrencies well they look like they have gone through their yof schematic and they’re heading into phase e after we get some consolidation in Phase D so this is where I’m looking at

Up here you can see we’ve seen some signs of strength we’ve seen last points of Supply along the way where the market has basically scooped up every last crypto for that space and then broken out to higher prices now this particular chart at the top here is the total cryptocurrency market cap including

Stable coins but excluding Bitcoin and eth now we’ve got a custom indicor dat where I’ll just hide this and this indicator down here is just the total cryptocurrency market cap which you can exclude Al the BTC and eth and also exclude all the stable coins something that the trading view chart doesn’t do

So if you want access to that check out the 7day free trial of the Gan swing indicator and there’ll be a a suite of indicators within that link there so back to the total cryptocurrency market cap you can see that we have gone on a pretty significant move now I’m using

The Tia crypto market cap here that excludes all the stable coins as well just gives us a cleaner reading of what’s going on in the market so if we do see that we see a phase D into a phase e well some point along the way

Here coming up soon who knows right uh we would expect some sort of pause and correction where the market would most likely consolidate above previous high levels that’s what you want to see for a continuation of the bull market sometime into late 2024 some time for the market to rest recuperate digest the

Significant move that has happened uh for significant profits to be taken which is absolutely okay and we have started to see that across some of people’s favorite altcoins like the case of salana so here is the weekly chart of salana you can see the market had run up

And then on the daily here we have had a few days to the downside with another attempt now trying to break back to the upside so keep a watch out for these tops on any of your significant altcoin bags that you following because if you don’t see a breakout of these

Tops it could be a distribution pattern forming now I don’t want to bang on about that too much because some people get really triggered to think that their altcoin could fall but I mean that’s just the nature of the game you just have accumulation distribution accumulation distribution that’s

Basically just trading it shouldn’t be so emotional it should just basically be mechanical now I got one last thing for you and I want to hear from you in the comment section down below the pin comment there I want to hear about your popular opinions that hearing about in

The media maybe from your friends maybe from other analysts out there popular stuff that they think is going to happen in 2024 last year’s unpopular opinions went off with a bang S&P was bottoming we got that Europe didn’t freeze it was a big thing at the time now no one gives

An absolute flute about what’s going on with Europe and their free last winter for Europe was actually pretty warm real estate is not going to crash in 2023 in fact we saw it rocket in us and Australia and I say rocket I mean it’s been up for nine straight months and

It’s back at previous highs of 2021 that’s pretty damn good second half of 2022 and first half of 2023 we’re buying opportunities well that just happened and remember I posted this at the end of 2022 Bitcoin was bottoming at the time and most crypto were terrible dcas some

Were absolutely amazing and if you guys got those congratulations to you fantastic gains there were to be had now I want to hear from you guys in the comments section what do you think are the most popular opinions and I want to put out another unpopular opinions tweet

And let you know about it also here on YouTube and see if we can do pretty well again next year thanks once again guys Happy New Year hope you had a fantastic Christmas as well but I’ll see you probably in the New Year if I can hold

Back from doing a video tomorrow until then take care and peace out