Bitcoin In Spotlight! Crypto Shakeup Sends Cardano, AVAX, Altcoins Tumbling!

📈 Get Up To 35% OFF LuxAlgo NOW!
➡️ http://luxalgo.com/ccv
CODE: CCV30

In this video, I discuss the current state and dynamics of the cryptocurrency market, focusing on Bitcoin, ADA (Cardano), and AVAX (Avalanche). I express my enthusiasm for the crypto market, especially when altcoins are hitting higher highs, but I also convey a sense of satisfaction seeing the recent retracement in the market. I delve into the significance of the Bitcoin spot ETF and its potential approval, hypothesizing that if approved, it could pivotally affect all crypto portfolios. I emphasize the importance of Bitcoin as the foundation for understanding market movements and analyze ADA and AVAX in detail, discussing their consolidation phases and potential downside. The video also covers the implications of the SEC’s stance on cryptocurrencies and the anticipation surrounding the SEC vs. Coinbase case. I suggest that the outcome of this case could signal the end of the consolidation phase for altcoins like ADA and AVAX, setting the stage for their next surge.

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

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

Here’s an altcoin chart avac down around 30% in the last week and a half or so and I enjoy I enjoy cryptos altcoins everything just going higher and higher higher highs higher highs higher highs I enjoy it but when I look at this chart I’m very happy to see this retracement

In this video I want to discuss why that is we’re going to dig into Ada we’re going to dig into avac to really bring into some con bring some context into play in regards to what’s happening with altcoins but Bitcoin whether you’re a Bitcoin only holder whether you’re Bitcoin and altcoin holder whether

You’re just an altcoin holder this chart the weekly chart on bitcoin what’s happening with Bitcoin and namely the Bitcoin spot ETF this is so important it is pivotal in terms of all of our crypto portfolios I truly think that in this video I’m going to break down exactly

Why the Dynamics between Bitcoin and altcoin markets right now please hit the Subscribe hit the like and let’s just jump right into the video I want to start with Bitcoin as as a foundation as often I like to do and then we’re going to look at Ada on the charts what’s

What’s happening with consolidation of ADA avac what does downside potentially look like for cryptos and altcoins against Bitcoin for for this video I want to discuss and I I kind of want to assume Bitcoin spot ETF going to be approved and and just the reason why if

The SEC were to deny all spot Bitcoin ETFs the applicants would immediately Sue and the DC court of appeals would again rule that the SEC was arbitrary and capricious says us Securities lawyer James Murphy so this is a huge reason why much of the industry thinks that the

The spot ETFs are going to be approved not only to say these massive firms that are that are in process waiting to be approved they’re they’re under the assumption that they’re they’re good to go it seems like rumors inside sources are saying the green light is getting

Ready to happen so that’s why I think and I’m going to assume throughout this video as we dive into the charts this is why I think that it’s just going to be approved now what does Bitcoin do in the middle of this approval or off the back

Of this approval this is Bitcoin on the weekly the bull market doors I’ve been talking about a lot lower high Fibonacci is this area I’m waiting for Bitcoin to make a run up to that area so Bitcoin on The Daily gives us context into what that looks like and I’m going to talk

About the dynamic between what happens here on the Bitcoin chart and what happens to altcoins we talk about this a lot altcoins take turns pumping cryptos take turns pumping sometimes big Bitcoin is the one Bitcoin is the one with the spotlight it’s moving it’s seeing crazy gains kind of parabolic gains and

Altcoins not doing anything or even even falling this is the type of environment that we’re kind of in right now Bitcoin looking pretty healthy on the daily chart while we have avac Ada and other altcoins just kind of falling to the downside this is happening now as the spotlight continues to kind

Of focus on bitcoin right now now this might continue to be the case now this is what’s so so good for altcoins is the very fact that if you go to an altcoin like Ada Ada was making really nice move to the upside on the weekly and then we’ve

Been in this consolidation at this huge massive resistance put aside Bitcoin spot ETF for for just a second in the cycles of crypto when moves like this happened on altcoins and here’s a kind of a similar move we’ve been comparing last cycle and this is Shelly hardfork when moves like this happen

Consolidations happen right so consolidations happen this is why we have targets to the downside for these cryptos targets the downside for Ada targets the downside for avac consolidation happens now if it’s happening in an environment where Bitcoin is getting just kind of a lot of capital is gravitating towards Bitcoin

For a moment while those altcoins consolidate I think it’s even more healthy a healthy consolidation that primes the altcoins and there’s going to be more downside in play I want to talk about that in this video in a minute but it primes these altcoins for once they are done consolidating for the next

Level up and we’re going to look at what that looks like but Bitcoin on the daily chart we’re waiting for the news today is Friday January 5th could it be could it be after regular business hours the ETF news comes out that it’s approved yeah it really could be there were there

Were rumors from sources saying it would be today but it could also be Monday we have until the 10th a lot of people are speculating between the 8th and the 10th but what does Bitcoin do here for now as Bitcoin just kind of grapples and interacts with this entire symmetrical

Triangle maybe back down to the lower trend line back to the 50-day moving average around 41,000 maybe we’re getting a fake breakout to the downside bit Bitcoin approval comes into play moves to the upside very quick this is a daily chart but this could happen quick maybe we just start trending upwards

Approval boom $50,000 Target altcoins not in the spotlight and so when it is time for Bitcoin to finally consolidate after a potential move to say $50,000 targets and then it starts consolidating this could be the kind of bottoming out shortterm time frame for alt coins so to give you an example of what

I’m talking about if we look at Ada on the the daily chart this is a on The Daily Ada has a 45 Cent Target to the upside we’ve been tracking this symmetrical triangle right really just this upside resistance here this is a lux algo order block we

We’ve been talking about but a lot of resistance there in general right we’ve been talking about the potential for a breakout to the upside did it happen absolutely not it didn’t happen we got a breakout to the downside and right now that 45 Cent Target is just very much in

Play that’s another 8 cents to the downside for Ada total consolidation for something like Ada from the swing High we’re looking at a total consolidation of around 30% you go over to ax here’s ax on The Daily currently down around you know so far around 33% currently

Around 28% let’s go to a weekly chart on avac and this is exactly what we like to see in consolidations on these moves right to the upside what what do we wait for especially when getting 50 or 20 20 moving averages Crossing above 50 moving

Averages what do we wait for we wait for just the consolid into those moving averages now for support this could see avac trickle down to around 2530 to the downside right so that could be a total uh total dip for avac of let’s say 46% to the downside going back

To Ada if we go to Ada on the weekly what what does that potentially look like for Ada also just getting that 20we moving average Crossing above the 50e moving average well for adaa we’re looking at from where it is right now maybe another 20% to the to the downside

If Ada is to fall below its 45 Cent Target hitting around 40 cents in the next couple of weeks as Bitcoin does its thing we need to let Bitcoin do its thing in its Spotlight off the back of the Bitcoin spot ETF news now what I want to talk about in relation to

Altcoins which gets very lost in all the the short-term Bitcoin body TF news on this chart we’re talking about consolidation of things like Ada right letting these moving averages back into Ada and you can just see if we look at this this is what happened after this

This nice move uh to the upside back here it fell into these moving averages the 50 the 20 so anticipating something like that once again in play back then it was a dip of around 50% right now it could be a total dip of around 40 to 50% while we’re waiting for

This I want to I want to go to the daily chart I just want to I just want to note something let me get my my call out out and go to January 17th right here just to give you an idea SEC versus coinbase that is the SEC versus coinbase oral

Arguments look at this maybe Ada as Bitcoin and and maybe Ada and altcoins avac included maybe they can continue to the downside consolidating as Bitcoin gets the spotlight what happens here and that’s a big what happens here SEC versus coinbase oral arguments altcoins in the spotlight Ada is so much

In the spotlight in this case named as a security in the case and and coinbase will be fighting for Ada fighting for the entire crypto industry really defending the fact that these aren’t these altcoins are not Securities this is this is the main piece of the argument what happens in these oral

Arguments is it good is it bad if it’s good could this be the end of consolidation look at the Confluence of this potential news January 17th and the way this timing sets up I’m not exactly sure but just look at how how brilliant this could be even if Ada continues to

The downside even if avac continues to the downside and we’re we’re starting to get just this very typical consolidation right consolidation it’s still falling everybody’s getting bearish on crypto ax at 25 or so the moving averages are are just coming into ax here on the ax price chart and then mid

January coinbase something positive happens with coinbase put aside coinbase SEC this consolidation and moving average is critical and just important for the Launchpad for the next leg up but then you you sprinkle in potential bullish coinbase news right here as the consolidation is happening we’re getting consolidation and right now is the exact

Time we want it on these altcoins avac Ada salana any of the altcoin markets we want the consolidation right now we don’t want it we don’t want all these altcoins oversold or I’m sorry overbought right on these momentum oscillators we don’t want this happening while there’s bullish coinbase news I’d

Way rather bullish coinbase news and there’s no guarantee it’s going to be bullish maybe it’s going to be bearish in which case we we have to anticipate you know just more targets to the downside that’s for another video but I would way rather some bullish news here’s Ada on The Daily after some

Consolidation or maybe even approaching oversold bullish news comes out Launchpad set this is obviously so speculative there’s so many moving Parts in terms of Bitcoin having the spotlight right now what does Bitcoin do is it going to be the sell the sell the news event type of

Type of deal in the Bitcoin spot ETF in which case altcoins could make a little bit more dramatic move to the downside right but either way the next really the next couple of weeks as as altcoins consolidate I think it is so important to keep an eye on where they’re consolidating to start

Monitoring the supports right all these moving averages on Ada for instance they’re down here the 20 and the 50 right around 35 to 37 cents avac you go to the weekly they’re down here $17 $19 allow that space to just consolidate but what happens with the coinbase SEC

Case as that Foundation is being is being laid being set that is huge that is something I’m watching and I want to say this there is this case where Bitcoin spot ETF is approved Bitcoins moving to the upside and maybe altcoins want to react positively to that and

They’re not going to just fall or consolidate continue consolidating to the downside while Bitcoin just mooning or something maybe it’s all cryptos in general they’re going to have some good vibes off of the Bitcoin spot TF news but one thing I do know is I’d like to

Respect the technicals and when we get moves like this meaning the move from from these lows to overbought consolidation is normal lows to overbought consolidation is normal Bitcoin spot ETF in play or Bitcoin spot ETF not in play these moves are normal so I like to anticipate these moves on

These altcoins and really these the ax charts the Ada charts that I’m looking at right now they really do apply to all the altcoin markets checking these moving averages checking the momentum oscillators this is avac on the weekly finally finally coming back out of overbought just chilling out for a

Little bit and it’s not uncommon for for altcoins just to to hang out in this General region during bull markets right so let these things cool off same thing for Ada you go back to the Ada weekly chart let it cool off on the RSI which it is right now falling out of

Overbought on the RSI it’s exactly what we want to see setting the the foundation setting the Launchpad for the next leg up Ada for instance setting the Launchpad for a dollar right these things need to happen it’s what happens every cycle throughout all of cryptos this is what I’ve learned this is what

I’ve seen and that’s one of the most consistent things in the crypto market so everybody let me know your thoughts in the comments what do you think is going to happen there’s so much speculation because none of us know how how Bitcoin cryptos are going to react

From a price perspective to the Bitcoin spot ETF news to the coinbase SEC news it’s a big next couple of weeks so I can tell you that much I appreciate you cruising through hit the Subscribe hit the like I’ll see you in the next video God bless