Bitcoin [BTC]: This Is NOT Looking Good For Crypto.

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⏰ Timestamps
00:00 Red Flags
00:58 BTC Bitcoin
03:43 ETH Ethereum
05:15 SOL Solana
07:00 MATIC Polygon
08:17 RNDR Render
09:38 ADA Cardano
10:25 SEI Sei
11:12 SUI Sui
12:25 INJ Injective
13:20 Total Market Cap’s

#cryptonews #bitcoin #crypto

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Some major red flags remain for Bitcoin despite already falling 177% in just one week we have a macro double top potential failure at 50% and signs of distribution being confirmed the interesting thing is many altcoins haven’t fallen to new lows at least not yet and while I don’t expect this trend

To continue the charts will lead the way even so it’s not all doom and gloom I still firmly believe there are better times ahead but the main challenge is time and uncertainty should a new bearish narrative develop over the coming days and coming weeks I do

Suspect it’s going to throw a lot of people off their game so in this video we have the macro we have the shortterm in Bitcoin and a bunch of the large cap alt so let’s just dive straight in first up remember that I’m not a financial advisor so always do your own due

Diligence and research and seek help from your trusted professionals now before we get into the macro stuff I do want to start out with the short-term analysis on bitcoin now these lines are the same lines I had on my chart from last video looking at the potential for

Some churn between around 43,500 buckss and $41,500 with that upside and topside support and resistance levels still on the chart as well now I also mentioned in my previous video to look out for a potential lead on the market should Bitcoin break back into those areas of

Weakness based on our 50% level and our trend line as well so you can see that exact inflection point when Bitcoin broke down and it started to dump really really hard now of course we did break through that 41,500 buckss getting down to that next support area based on

Probably the most important support right now in the Market at around $405,000 so the real danger now for Bitcoin is if we start to see some closes and lower highs beneath this macro area down here below 40 A2 it would be confirming this as some pretty big picture distribution meaning the

Market will be down for a fairly considerable period of time before getting back to Fresh highs so definitely Mark these levels up on your chart if you haven’t already by the way of some support and resistance now what we’re looking out for to invalidate a bigger breakdown is getting back on top

Of those same breakdown zones so we have this same trend line relatively short-term trend line but still important nonetheless and also that same 50% level coming in at around 42,500 bucks if we can work back into a position of strength on these short-term levels that will be a lead that the

Market’s actually gaining some strength and this has been nothing more than a short-term flush out so definitely keep that in mind when you’re looking at your shortterm and bigger picture analysis that 42,500 bucks remains a very important level and we really want to see the market get back on top of there

Quickly including the short-term trend line to confirm this as a flush out so it’s really you have to look at both sides of the market keep an open mind because of course nobody knows the future we’re just looking at some Market structure and also ta based on the

Things I talk about on the channel time and again and you can see how it works out in real time and this little recent flush out being another perfect example of Market going from weakness to weakness and then what happens after that so what you can also see on our

Time frames here our 4 Hour 1 bar 4 Hour 2 bar the trends are still down I’ll also put the daily trend on as well and you can see that all of our Trends have turned down on our shorter term time frames and even our daily chart as well

So we do know that the short-term Trends change first and then that can often translate into the higher time frames although not always now if you are wondering about the trend indication here and also the white overlay the ti G swing indicator there’s a link for it in

The description below I certainly would not be without it and uh you can actually subscribe for free get a 7-Day free trial uh and test it out and you’ll get an email every day from ask for the first seven days explaining how to use the indicator so definitely give that a

Go if you haven’t already but at least from what we’re seeing right now the short-term Trends do remain down there’s some very clear lines in the sand overhead which I want to see get broken to uh kind of invalidate the breakdown thesis over now to ethereum which is

Fairing much much better this is the daily time frame the market has dipped as well but we’re still getting some support on top of that area of what was resistance now acting as some temporary support in the market so the real clear thing to be looking out for in eth is if

Price can hold above around 2450 bucks just for around numbers there above the 50% level and also above those previous tops if you can do that and we start to see those short-term Trends flip on our 4-Hour chart and you may even want to go

Down to the 1 hour chart for a quicker lead on the market then that could be indicating that this is all we’re going to be seeing in the correction and the Market’s getting ready to move up and if we do happen to see the markets pump up from this point I anticipate ethereum

Being much stronger for us to see larger gains in eth compared to some of the other markets because of where it currently sits you can see it’s above all of those tops whereas many other markets actually beneath their previous tops you know you can see salana well

Below its Christmas Day top as it polygon as is Renda and a bunch of other markets whereas ethereum is holding up much better to do with Market structure as you can see by this chart here where this would be more likely accumulation than distribution should we get that

Confirmation above these old highs so do look out for a breakdown beneath that level to invalidate that little thesis ethereum will likely need a little bit more time if that does come about so that’s most certainly something to be keeping in mind and in terms of some

Shorter term signals as well you can look at a very fast trend line from daily swing top to daily swing top extend that down and you can also see a short-term 50% level which will be another lead onto the market whether we are getting into strength and break into

Fresh cycle highs before some other market so definitely keep them on your chart as well that’s it for ethereum now let’s jump over to salana which is lagging somewhat after that little pump up into Christmas day now you can also see here by the way of the ti again

Swing indicat something I talk about all the time is looking out for Corrections when you see seven bars or more in a single swing so you can see this upswing from swing bottom to swing top there were exactly seven bars and as soon that swing direction did change it put the

Market in a bit of a sticky situation needing some time to reaccumulate or potentially distribute when we started to see those Trends also flip now from then the Market’s really had a tough time or Solana’s really had a tough time to kind of work back into a position of

Strength price is still struggling beneath 105 which is the key area I’ve been sharing with you guys since we got this bottom in the market it is half of that little range from the peak down to the trough and that 50% level continues to act as a selling zone now nothing

Holds up forever we’re just looking out for some short-term signals here which may translate into the higher term time frames and at least for now the 105 level is still acting as some fairly significant resistance now I’m not getting too interested about new cycle highs for salana until of course getting

Some consolidation above around 105 just keeping it extremely simple here looking for the market to get relatively strong on top of its trend line and strong on top of its 50% level now just to keep things simple if this is new to you I do treat the market as relatively strong or

Weak based on which side of the line it does sit on so I’m in the top half treated it strong and in the bottom half weak and I do the same for trend lines as well so relatively strong above the trend line relatively weak beneath the

Trend line so at least for our lower term time frames and even intermediate term time frames you can see salana is still in a technically weak position now in the bigger picture for so provider we can hold above that macro 50% level at around 67 bucks and also this little

Area of reaccumulation or at least it was reaccumulation at the time it would be setting Sal up on the high term time frames to remain relatively strong but we’ll cross that bridge if and when we get there over out to polygon which is lagging even more than salana you can

See a pretty big range around 75 up to around $110 now the danger for madic is if we start to see a breakdown beneath this support Zone coming in at around 75 cents for our numbers and we start to see some holds on our higher term time

Frames this would be looking like some pretty big picture distribution meaning those next lows are in danger around 50 cents and potentially even getting below that price point now of course we’re not there yet but it is something I am tracking for those High term time frames

For our lower term time frames we may start to see a bounce up to retest this trend line because polygon’s now down around 8 days from swing top to the new potential swing bottom now we don’t have any confirmation of this little break to the upside yet I want to be looking out

For those swing Direction changes from down back to up and until that comes about we just continue this count knowing that seven bars or more does put in the realm of a potential reversal and this overhead trend line is that immediate level to be looking out for we

Even have this 50% level in play now as well so if we happen to dip a little bit lower and then we start to bounce I am looking out for resistance at this 50% and if we do get Beyond there we have our trend line overhead as well now for

Polygon to actually get into a position of strength I want to be seeing Market action above the 50% level and above the trend line coming in currently at around 90 C if we do see the price dip a little bit lower than that previous bottom we have to adjust our 50% tool so

Definitely keep that in mind as well over now to Renda which is doing a little bit better than some of the other markets you can see it’s moved away from its low it’s broken some swings you can see our daily trend is up our weekly Trend remains up but we are getting some

Resistance now at our intermediate 50% level or short to intermediate depending what time frame you are watching from that last top on the 26th of December down to that bottom on the 3rd of January you can see the halfway point is continuing to act as a selling zone now

Whenever the markets are approaching 50% levels from the top side as it did here I’m looking out for buy zones when it approaches 50% levels from the underside I’m anticipating selling to come into the market and you can see yet again another perfect example of this playing

Out that should not be new to anyone who’s been watching the channel for more than probably one video cuz I talk about it fairly often but you can just see how the rules app playing out yet again we are getting selling coming in around $425 now for render to regain some

Bigger picture strength keeping it very very simple as I always like to do I want to see Market action above around $450 from where it currently sits you can see our trend line our 50% level once we can hold above around 450 and start to consolidate it would mean that

These Highs are in a bit more contention of actually getting taken out and until then the jury is out we are still setting up for potential macro lower top and again we just don’t have any confirmation yet because the Market’s in a little bit of no land you can see some

Subtle signs of weakness on this particular time frame here and I am looking out for that same trigger overhead at around $450 for those higher term time frames now kadano has been much weaker than some of the other markets now that really does come as no surprise as you can see weakness beneath

Some trend lines and 50% levels and also a bunch of weakness beneath some old lows in the market too a little bit like Renda somewhat you can see some weakness beneath the old lows but kadana was hanging out much below its 50% level a bit more than Renda was here you can see

It’s actually touching it whereas kadano did not get back up to that that 50% level on that last pump and we started to break down from those lows from that point forward turning our daily Trend down as well so until kadano can get back on top of around 58 cents being the

Trend line at 50% level I’m expecting more weakness I do think this 50% level beneath the market around 45 cents is in somewhat of contention to actually be reached so that’s the next area of potential support in kadano right now and of course we have that previous

Bottom as well as AIT a little bit of an intermediate level to be watching over now to say which is fairing a bit better than some of the other markets you can see we’re still very close to Fresh cycle High but we are getting some subtle signs of weakness breaking

Beneath its trend line and also beneath its little short to intermediate term 50% level here this is the daily chart just keep that in mind here so if we start to see some closes and lower highs beneath around 75 cents a little bit below I do suspect we are going to be

Setting up for another reaccumulation or distribution and these lows at around 60 cents a little bit below are actually in somewhat of danger you can also see a big picture of 50% level at around 55 cents as well so this is a little trigger I’m looking out for to send say

A bit lower getting back on top of for this 50% level and starting to hold would be setting the market up for a little reaccumulation Zone but again with many markets starting to Tumble from where they currently are I wouldn’t be putting too much hope on that happening really really quickly over now

To sui which has also been selling off somewhat the level I shared in my previous video was around $120 do look at at that level as some potential support and what you can see here is that support did fail our daily Trend did flip and the market is now

Continuing down potentially to its next 50% level at $15 there for round numbers so as soon as we got that breakdown of around 120 the weakness has continued for sui and now we are contending with that 50% and potentially even getting back to that little reaccumulation Zone

From uh end of December and early January as well so definitely keep an eye on those shorter term Trends this is a market that’s been moving very very quickly so those lower term time frames can be somewhat helpful to get a lead on the market now what’s going to be

Invalidating this little breakdown would be getting back on top of its 50% level and also its short-term trend line and just to show you exactly what that looks like it’s currently coming in at a price of from Peak down to trough at $128 now keep in mind if the market does

Move lower I will be moving this 50% tool down to wherever that new low does Fall and that will become the new trigger to get sui back into a position of strength above its trend line and above its 50% level so that’s just a very simple way that anybody can apply

With some free tools on how to look at strength and weakness in the market and that’s what I’m looking out for now on suie injective has also broken down to a short-term position of weakness but still holding that previous bottom from the 3rd of January you can it’s below

Its 50% level and Below its trend lines as well couple of trend lines here so for injected to be getting strong again we want to be seeing Market action above around 40 bucks just keep it very simple looking at a few areas of Confluence a few areas of Confirmation and that’s the

Price point I’m looking at now for injective here to get back into a position of strength if we see continued closes and lower highs beneath around 38 bucks it is setting this up as being some short-term distribution and we’re likely going to be heading low to retest

The bottom from the 3rd of January at around 30 bucks and potentially even going lower but we’ll just take this one day at a time as well as we are stuck within a pretty broad range I’m just trying to get a lead on the market on those lower term time frames for where

It may be heading next now there are a bunch of other altcoins I do want to get through but I may save it for another video where I do a dedicated altcoin video let me know if that’s what you do want where I remove some of the macro

Analysis but so I can get into some macro analysis let’s take a look now at the total market cap now that’s this chart here actually not that chart there so this is the total market cap every single crypto including Bitcoin ethereum stable coins and all the rest of it and

What I’ve got marked up here is of course where we had that BTC ETF approval the Bitcoin ETF everyone was holding on hope that this would be sending the market to the Moon of course we had a bit of a capitulation upside capitulation on our hands before seeing

A reversal now for the big picture the Market’s still looking okay where it currently sits because of this reaccumulation zone or potential reaccumulation Zone above the old lows from 2022 now it is interesting to see the price hold up from here we haven’t had a breakdown yet on our weekly swing

Chart which is a very pivotal point for the market if we happen to see this weekly swing chart break down it would be flipping our weekly Trend down as well meaning there’s a higher chance we’re going to come back to retest some of these macro levels from those tops in

2022 also 2023 in April and also July now we don’t have that trigger yet and I’m watching that very closely Bitcoin has broken down on our weekly swing chart or at least it’s turned the weekly swing chart from up to down it hasn’t yet broken the weekly swing Bottom by

March depending which exchange you are looking at but what we look at here for the total market cap is that the market is still well above that Weekly swing bottom which is something I’m watching very very closely now I’ve also got marked up on the chart here a few of

Those key narratives that were going on at the time as to why the market Must Fall further at least that’s what people were saying when the market was already near to those bottoms the banking non- collapse the SEC Crackdown the FTX liquidations so I can almost promise you

If we do see a larger correction there’s going to be some new narrative that comes out right around the end of that particular move just like we had a lot of hype come out at this little intermediate top if we do happen to see bigger correction we get that

Confirmation on our weekly time frames then do stand by for some pretty big narratives to come out as to why the Market’s over this is nothing more than a bare Market rally and we’re going to be sent to Fresh lows that’s something I’m going to be tracking for you guys on

The channel very very closely as I have done throughout this entire bull market what we’re looking at now is the true altcoin market cap where we have every crypto not including Bitcoin ethereum or stable coins this gives us a true representation of the altcoin market and you can also get this indicator for

Yourself for Lifetime access if you do subscribe to the Tia G swing indicator so if you want to hack the system a little bit you can subscribe for 3 months to the ti ging indicator and then get lifetime access to this and two other indicators which you can read more

About on our website there’s a link in the description below for this now back to the analysis here this is the true altcoin market cap you can see that while Bitcoin has broken down from its weekly turning the swing chart from up to down and I’ll just adjust this time

Frame so you can see exactly what I’m doing here you can see the weekly swing has turned from up to down what you can see on the true altcoin market cap it’s still a long way away from that previous bottom in early January so the interesting thing is Bitcoin is

Underperforming alt at least in terms of Market structure and broadly speaking looking at the whole market cap so whether this trend continues or not it’s going to be a very Telltale sign into the next stage of the cycle if altcoins can fa a little bit better in the broad

Macro sense looking at the total market cap or the true altcoin market cap that next move in alt will likely Blitz Bitcoin which also lines up nicely with what ethereum is doing in holding its gains holding the market structure better than Bitcoin as well so this

Macro chart I’m going to be staying very close to for you guys as I have done since the market started moving away from this June bottom when there’s a lot of fear in the market and we did point out at the time where I did on Twitter

And also YouTube saying that this is likely going to be at least a temporary low and potentially even a major low and we got that major low we had the break of a number of signals on our true altcoin market cap so now whether we can hold above that breakout Zone it’s going

To be a very pivotal point for the overall Market because of course if we start to see altcoins move there’s going to be more more interest new money coming back into the space and it will likely send the market over the top but we’re not seeing that yet we are still

In the middle of a correction we don’t have any confirmation of breakouts to the upside yet and I’d actually like to see the market pause here for a little bit longer and just not go too low if we happen to see a bit of a range it would

Be very bullish for that next leg in the cycle so do keep that in mind in terms of the macro Market structure and again this is something I’m going to be staying very close to on the channel so do stay tuned for more on our macro Market structure and altcoin Analysis as

Well we’ve had a huge update looking at a few of the big names also some of the names that are starting to establish themselves as well such as SE and soie some macroanalysis but that’s all I’ve got for you in today’s market update hope you’re staying happy healthy and

Well remember to check those links out down below for more of us in Tia crypto and also the ti G swing indicator that’s it for me until next time I’ll catch you Then