BITCOIN Early Bull Market Indicator! CARDANO PARABOLIC MANIA Begins Soon!

In this video, I discuss the intriguing situation of Bitcoin and its potential future trajectory, with particular attention to Jim Cramer’s recent statements about Bitcoin’s resilience and longevity. I highlight the concept of the ‘inverse Cramer’ and share my concerns about his bullish stance on Bitcoin, considering his track record. I delve into the technical analysis of Bitcoin’s breakout from a symmetrical triangle and its $50,000 target, while also covering the similar situation of Cardano. I emphasize the importance of considering potential downsides and the need for caution, despite the current bullish momentum. I speculate that any upcoming dip in Bitcoin and crypto could be the last before a parabolic mania, based on my analysis of Bitcoin’s weekly chart. I also touch upon the resistance levels Bitcoin might face and the importance of the RSI indicator in predicting its movements. Furthermore, I discuss ADA (Cardano), its current position in relation to past cycles, and the potential implications of its movement on the overall market. I conclude by reiterating the criticality of being prepared for possible retracements and consolidations, especially considering the upcoming Bitcoin halving and its historical impact on the market. My video aims to provide a comprehensive overview of the current state and potential future of Bitcoin and Cardano, with a balanced view of both upside potential and downside risks.

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Intro 00:00
Jim Cramer indicator 1:15
BTC attempted throwback 2:20
$50k target then down… 4:00
Last crypto opportunity before parabolic run 6:30
Early bull market indicator 7:00
Cardano resistance 8:40
ADA price consolidation 9:50
$37k Bitcoin? 10:25
Short term Cardano targets 10:55
Cardano bull market starts here 11:40

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I don’t even know what to say Jim Kramer today says you can’t kill Bitcoin and it’s here to stay it’s it’s funny the inverse Kramer concept is funny but at the same time it’s a little it’s a little scary this is Bitcoin that $50,000 Target in play Bitcoin broke out of the symmetrical

Triangle yesterday I want to talk about the move that is happening right now cardano in a very similar boat right now in the symmetrical triangle last night we did an analysis about you know on these two triangles and we talked about what’s going on I did not really talk

Too much about downside in this video I do want to sprinkle in some downside caution I just think it’s warranted I think it’s a good idea so maybe it won’t be the most popular video ever but I will say this it is important to anticipate a dip only because if bit if

Bitcoin and crypto does dip somehow even with all this bullishness happening in the next week or so this in my view if we go to the Bitcoin weekly this will be the last dip of the of the cycle before parabolic Mania begins and that’s just what I think and

I’m going to show you why in this video so please hit the Subscribe hit the like and let’s jump into it yes Jim Kramer he he said it he’s he’s all of a sudden talking bullish about Bitcoin it is a concern because as you know what he says

Usually it’s the inverse that kind of like happens so I I just want to give you one example one example very easy to find October 11th Jim Kramer thinks Bitcoin is going to go down big on October 11th you go to the daily chart and we we just find real quick where was

October 11th October 11th right around here this was what was this Bitcoin around $27,000 Jim Kramer being bearish saying it’s going down big and then what happened it went up big this is what Jim Kramer does so the fact that he’s he’s all bullish right here a little concerning especially when we’re going

To look at some of the indicators that are playing out on the screen so I want to just discuss the upside obviously we talked about yesterday I don’t believe Bitcoin when I was I think it was the end of the video Bitcoin is finally breaking 50,000 but right now Bitcoin is

Above or not 50,000 breaking 45,000 right now bitcoin’s above $45,000 as I do this video it’s a $50,000 Target I want to talk about two things the potential where it just doesn’t keep going even from this level and then it actually falls and the potential where it hits $50,000

Target and then it falls and what to anticipate in that scenario and why this could be the biggest scenario uh biggest opportunity scenario before the parabolic bull run so $50,000 Target is in play yes last night’s video check out this very quick clip this is a very important $50,000 Target but notice

We’re breaking out of the triangle maybe we go a little higher I’m always anticipating Throwbacks these Throwbacks and again this is a daily right this Throwbacks so if we actually just go to the Daily this is what the daily is looking like right now almost look like

We were going to get a throwback if you go to something like a 4H hour chart check it out Bitcoin attempting a throwback but right now I mean we’re we just opened a new daily candle this is a 4-Hour chart but right now Bitcoin looks like it’s not even going to throw back

To that that triangle just yet right now in the very short term I don’t do this often but I just want to put this out there swing High to that very quick swing low there is resistance on the short term I’ll be watching this tonight 45,3 to around

45,000 500 or so it’s a it’s a lower high Fibonacci retracement um and if Bitcoin can break above that area obviously but I I would be careful in the short term that Bitcoin might just hit that area fake out and continue its Trend to the actual throwback so that’s

Just that shorter term analysis just general technical analysis having nothing to do with the news that’s going on right now because at the end of the the day everybody Bitcoin SP ETF approval could drop all of a sudden tomorrow morning and then these 4-Hour candles look look way different and I

Don’t know exactly how it will look but it could look some something crazy to the upside towards the $50,000 Target but will there be if if Bitcoin were to make its way to the $50,000 Target what what would be happening on the macro I just want to point this out

We talked about it briefly in yesterday’s video but I didn’t I didn’t really discuss the resistance of it and if Bitcoin were to fall so swing High bull market to swing low bare Market it’s a bull market do huge resistance area right there that is the area that

I’m waiting for the confirmation of the parabolic bull market truly starting that is around $48,000 to around 47 $57,000 so $50,000 Target on the shorter term is right here notice in the previous cycles and I mentioned this previously as well Bitcoin made a move to the Fibonacci and

Fell off of that area pre Bitcoin having 2016 as you know if you’ve been watching my videos made the move to the Fibonacci and fell so what’s what’s the common theme besides the Fibonacci resistance it’s really also the RSI we get such a hint of what Bitcoin is doing and how

It’s operating this RSI it’s overbought let me move this over overbought at this right below the Fibonacci area right maybe it hits $50,000 at the Fibonacci but it’s overbought prehab last time it hit Fibonacci in the last cycle it was overbought in the very similar area a

Little bit earlier happened in the cycle and then all the way back here pre- 20106 it was overbought a very similar move to what is playing out right now and it fell to the moving averages in this case back here in 2016 going into having it fell to the 20we moving

Average it was the last dip to just get extremely cheap Bitcoin and crypto before the parabolic bull run this is why I’m saying if it happens if there’s a dip this will be the last opportunity I think before the parabolic Mania begins and then the cycle after that it

Was also off the Fibonacci not only to the 20we moving average but right here to the 50 we moving average where it did bounce started making a move to the upside and then guess what we had a Black Swan event so that completely demolish the charts so even with all the

Hype around the Bitcoin spot ETF maybe the spot ETF approval drives Bitcoin to the $50,000 Target but what happens if there’s resistance what happens if Bitcoin hits 50,000 and then it starts making its retracement you know 35 30 35 $40,000 just a slow and steady pull into the

20we moving average the 50 crosses the 200 all the moving averages just consolidating into Bitcoin right that would be the last opportunity in my view to accumulate crypto before the parabolic Bull Run that’s the scenario that I just I want to put out there I didn’t really discuss it too much in

Yesterday’s video I felt like I needed to do it in a video at least one time to discuss the possibilities but at the end of the day I highlight everything that I just said all that analysis I highlight with this one very simple thing if Bitcoin breaks $50,000 Target right

Which is if we go back to to the Daily that’s the target $50,000 it breaks the $50,000 Target and then breaks through this entire Fibonacci area and breaks the bull market do cuz that’s what I call them above 57 through 58 59 towards 60 testing all-time highs back here up to

70 if that happens that is a first and that is a bullish confirmation like I don’t I don’t think I’ve ever Co covered or tracked on this YouTube channel so it’ll be fun to to see if it happens but the downside potential is there and I know there’s going to be arguments Bitcoin

Spot ETF coming into play huge amount of inflow coming into play it’s not possible for Bitcoin to dip I I can’t help but just I have to put out the analysis everybody because I’ve seen time and time again where it’s different this time and then all of a sudden

Whether it’s manipulation whether it’s just human n nature whether it’s just all the emotion behind the charts the charts just end up being so consistent so I would not be at all surprised if Bitcoin does retrace eventually whether it hits 50,000 first or it happens now but it retraces into these moving

Averages it’s just the biggest thing I think is important to anticipate again I know it’s not the most popular thing to discuss but it is what it is go to something like Ada and we have Ada on the weekly charts now the thing that I want to discuss about ADA is

This first off Ada and again we we’ve done a lot of comparison in terms of the last cycle a is way ahead of the game which is such a bullish thing in and of itself but the move that’s very comparable to to A’s move right now is this move into

The Shelly Shelly hardfork the staking mechanism for a and you can see this was post Bitcoin having took a while for a to wake up but it woke up and it went into this overbought territory very similar vicinity where it is right now now the one thing that I just want to

Point out to you while it is in this overbought territory Bitcoin is putting in those indicators that it’s that it’s also putting in right so bitcoin’s at resistance Ada on this weekly chart is at very clear resistance look at this sideways on the weekly right below the the 200 we

Moving average the the 20we moving average Crossing above the 50 we is happening this is so bullish in terms of what is getting ready to happen in the in the bull cycle the the pivot from bare to Bull is happening but we say it a lot when we get a moving average like

This Crossing above another moving average the 20 above the 50 yeah it’s good but when there’s all this space and separation it’s so normal to pull into those moving averages for a at a fall to 40 to 50 cents is is just so in play and it would just pull into these moving

Averages again for Ada this would be this type of move where I think it would be the last cheap Ada before the next Bull cycle but that’s in play and if we start going to these charts now let me actually discuss the Bitcoin Target to the downside just in case Bitcoin does

Fall to the symmetrical triangle fails at the Apex and starts falling if you look at this target we’re looking at a target of around $37,000 right so that could be a just a very nice Target for that scenario where Bitcoin does what it has done in cycle past and just meets

These moving averages in one way or another uh before the Bitcoin having boom and then We’re Off to the Races same thing with Ada right now Ada Target to the downside if Ada fails at the triangle that it’s trading within right now Target to the downside 45 cents

Target to the upside around 80 cents but that 45 cents if you go to the weekly chart on Ada get rid of that go to the weekly chart for Ada look at this this would just be such a normal setup for Ada to to make a move down to 40 45

Cents let these moving averages again pull into uh the price of ADA and you can just see how that speculatively could set up now again I can’t stress this enough that move if it were to happen and we could even take the Shelly move for instance but it would be so reminiscent

I think of what happened back here it finally did dip after just making a really nice move post Bitcoin having but you take that swing High to swing low and then entering the bull market the true bull market for Ada and you could just plot it on the chart here if if if

Ada starts falling right we can we can kind of chill this out we can do whatever we want with it maybe the fall won’t be as as drastic we have a 45C Target for Ada to the downside out of the the Del chart but you can Envision

How the move could be very similar to what happened last cycle here prior to the bull market now also what is interesting to note is just the fact if if Ada does start trickling down we have the Bitcoin having coming up over here in Spring of 2024 that is such a big

Deal for the triggering of the bull market not only just for Bitcoin but for all coins like Ada if you notice what happened here triggering of the of the bull market for for Ada and for altcoins and then if you just go to the Bitcoin chart I just want to show you something

Into these havs so 2020 having Bitcoin really didn’t dip too much just a little very sideways at that point right so once the having happens it’s kind of like Bitcoin getting ready just to take off and then if you go to the cycle before that Bitcoin was just finishing

Its consolidation at the moving average and then it took off so once Bitcoin having my point here is once Bitcoin having arrives maybe there’s consolidation before but once it arrives it’s game on it’s it’s game on and I I truly think that so I’m going to continue monitoring

The short-term charts I’m continuing to wait for that bullish confirmation we have the target to the upside it’s not it’s not an unrealistic Target but I’m waiting to see what happens at the macro Fibonacci area if Bitcoin manages to make it to that area it’s made it to the

Area in Cycle’s past so if it happens again it’s I don’t think it’s anything crazy crazy bullish but if it breaks the area that’s where things are in incredibly bullish and if things like Ada right now do make a move to the upside and actually do start just

Diverging from the previous cycle and they don’t get the dip like this if allcoins don’t get a dip like this and actually starts breaking up then it’s game on that’s that’s that next level bullish confirmation for all coins and so we’re going to wait we’re going to

Wait and see I wanted to talk more about the potential for the retracement and visualize what it looks like in this video I hope some of you found it valuable or entertaining or whatever either way everybody I appreciate you watching hit the Subscribe hit the like

I’ll see you all in the next video God bless