Bitcoin MEGA MOVE Just Happened! Cardano Is Next! (CRITICAL 24 Hours)

In this video, I delve into the significant multi-year movement currently unfolding on the Bitcoin daily chart, emphasizing how years of market dynamics have led us to a pivotal resistance area that could determine Bitcoin’s future trajectory. I explain the critical importance of the next 24 hours for Bitcoin, considering its position against a major Fibonacci retracement level, often referred to as the “bull market doors.” Additionally, I explore ADA’s (Cardano) chart in relation to Bitcoin’s movements, offering insights on what to expect for ADA and altcoins in general. I break down technical analysis patterns, resistance zones, and the potential bullish implications of Bitcoin closing above these critical levels. Furthermore, I highlight the significance of Bitcoin’s performance in the context of its historical cycles, particularly in relation to the Bitcoin halving events, and how this could be a watershed moment not just for Bitcoin but for the broader cryptocurrency market, including ADA. I aim to provide viewers with a comprehensive understanding of the current market trends, backed by technical analysis and historical context, while also sharing my observations on the potential short-term movements of ADA and its implications for altcoin dynamics.

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Intro 00:00
Bull market doors 00:55
Insane BTC week 2:15
Next 24 hours are critical 3:00
Pullback for Bitcoin price? 5:20
Cardano weekly warning 6:15
ADA is exactly on pace 8:00
Cardano price short term 9:00

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It’s a multi-year move happening on the Bitcoin daily chart this this is years in the making it sounds hyped it sounds click baity but it’s not this is years in the making to get here back here this was years in the making this resistance and that’s just what this is you know on

This YouTube channel we break down support technical analysis patterns resistance areas when we talk about resistance on this daily chart this is it this is multi-year resistance I want to break down the move that is happening with Bitcoin right now what I’m watching for why the next 24 hours around 23

Hours are so incredibly important to me as somebody that watches these Bitcoin cycles and I also want to break down Ada charts kind of in context to what’s happening with Bitcoin what to potentially anticipate next for Ada on these charts and truly for alt coins in general so hit the Subscribe hit the

Like let’s jump into the video this is the move if you’re unaware I’m just going to set the tone really quick really briefly everybody Fibonacci retracement bull market High bare Market low you all know it’s the bull market doors in green and that’s where Bitcoin has just broken into a little bit once

Again you can just see it here it on around a month ago it kind of touched that 620 area resistance bounces down and right now you can see at that area Bitcoin is there this is this is incredibly important for Bitcoin now the the resistance area is it’s just a

Fibonacci retracement is just is is Bitcoin in this case pulling back and it’s just retracing from a a prior area that is the bull market high it’s retracing up right to this 618 area that is to say around 62% back to the upside and it’s resistance this is a resistance

Channel up to that 786 but the whole reason I call it the bull market do just I I want to kind of give a little bit of a history here is because it’s not to say it’s going to be resistance and bitcoin’s just going to keep falling it’s to say if Bitcoin

Breaks through and starts closing candles above that is that is incredibly bullish confirmation so yeah we have resistance here and that’s why we should be careful especially on this daily chart but it’s very very bullish the fact that Bitcoin is even testing this area what’s really cool in terms of the

Move itself because this is again this is a multi-year move I did this video I’m not going to show you a clip this is February 6 5 days ago Bitcoin was around $43,000 it was we were talking about the Bitcoin pattern that could launch Bitcoin higher namely to the bull market

Door area right $43,000 just about just above and the pattern played out and here we are we’re like you know not even a week later and the move happened and it’s green candle after green Candle on the daily and Bitcoin has hit the target out of the

Inverse Head and Shoulders that we were discussing Hit the Target and now we’re at not only the target of the inverse Head and Shoulders but we’re at multi-year resistance so very simp simply in this video there’s not too much to say other than what I’m watching

For in the next 24 hours and as you can guess that is can Bitcoin break into this area can Bitcoin truly break into the bull market doors and can this next daily candle and right now we’re in a a green daily candle but it’s been 1 2 3 4

5 6 7 this is the eighth Green Daily candle can Bitcoin close Green in in the bull market door area and if you just look at right now Bitcoin is overbought on The Daily doesn’t mean it can’t keep going but I just want to say this is

This is it this is a huge resistance area what Bitcoin does next will be very telling in terms of the power that it has this cycle remember if we zoom out I’m going to zoom all the way out on a daily chart this is where we are in in

Context to the bull market story right breaking through the bull market doors this is what happens at that parabolic phase of the bull market this is what we’re waiting for and it always happens after the Bitcoin having that’s that’s historically when it has happened in in every single cycle so far right it

Happens after the Bitcoin having you can even go back and we can look at sorry about that we can go back and we can look at the the cycle uh after the first Bitcoin having no this was November 2012 Bitcoin having check it out after the having Bitcoin broke that Fibonacci

Area so we go back and this is really the story that’s playing out and you know we’re zoomed out here but this is the story we’re tracking on the zoomed in this this shortterm resistance that’s happening right now you can see how it’s a macro multicycle story because if

Bitcoin gets rejected here if it just can’t do it right and starts falling and retracing and we’re going into having and it just hasn’t happened yet well that’s just a normal thing for Bitcoin but the big story here is again if it happens before the having if Bitcoin

Just starts breaking into this area even not even breaking above if it just starts breaking in this would be something Bitcoin has never done prior to the having and so that’s why this move is so so important and so critical for me as somebody that’s watching technical analysis and you can just see

It happening right here on the short term on The Daily I don’t really have anything else to say in terms of Bitcoin this is what I’m watching I realize there’s so much other there’s there there are so many other things happening for Bitcoin I I’ll note this the 20-day

Just crossing above the 50-day what do we anticipate even in scenarios like that it’s potentially a bullish thing it usually is but when it happens we start anticipating okay maybe time for a little bit of a retracement to meet Bitcoin into those moving averages after that happens right so retracement to

Test those moving averages and then and then this could be something that we’re that we’re waiting for right that would be uh the third touch into that area now what’s so interesting to me is if we Zoom it zoom out on the chart it’s a brand new week We have basically seven

Days left of this weekly candle so we’re we’re kind of zoomed in on the daily chart but so much can happen so much can happen in this daily candle but specifically the next 24 hours bitcoin’s making the move now at that 618 resistance this is what I’m watching in

Terms of Bitcoin in terms of ADA I want to point something out Ada on the weekly has just Consolidated very nicely just check it out right off the 200 we moving average very nice we’re going to zoom in we’re going to look at the daily chart

We’re to look at even the 4our chart but what I really want to note in context to all this that we’re talking about in terms of Bitcoin I want to just point something out if we go to the zoomed out let me go actually to this one and let’s

Go to last cycle I just want to show you something you can see Bitcoin breaking right into the bull market doors right obviously post having way later than it is doing now testing that 620 area but Bitcoin broke in that into that area and you just see it really

Nice move to the upside this is the end of October this was happening in 2020 and then you see all basically November just on up on up on up so end of October the really nice move for Bitcoin starts look at Ada let’s go to Ada the end of

October of 2020 check it out end of October 2020 right around here right and so even in November we have some weekly can look at just Ada doing nothing so bitcoin’s just making one of the most monumental moves of its lifetime a thing that wait it waits years for cycles for

And aah doing nothing I just want to point that out and that is to say even in regards to altcoins not just data but if Bitcoin makes the move if Bitcoin goes crazy right now and just starts breaking to the upside 50,000 51,000 52 if this happens don’t be surprised if

Ada just does nothing don’t be surprised if if altcoins in general are not are not as powerful as you’d like them to be that is normal the other thing I want to I just want to note really briefly on the on the Ada chart is this it’s kind

Of cool that this move that we’ve been from a technical analysis perspective just kind of comparing the current Ada move with just so many similarities we’ve noted it’s happening a lot earlier this time last time it happened post having but the move right plays into the move right before Bitcoin is breaking

Its bull market doors so it’s kind of such a similar vibe from a technical analysis perspective if Bitcoin were to break through those doors we get that early pump into the parabolic bull prior to the having a is making an almost identical move to the move it made last

Cycle and this time it’s not at like you know 10 cent consolidation this time it’s at 50 Cent consolidation wanted to point that out so that’s that’s Ada on the on the weekly and again the point of that was to say if Bitcoin just goes crazy right now don’t be surprised if altcoins

Don’t going to the Daily I I want to point this out because you know it’s it’s kind of in play that is to say this um this setup falling wedge on Ada 70 70 to 72 Cent Target to the upside just something that I noticed because I’ve

Been doing a lot of the 4 Hour just kind of tracking the 4 Hour specifically uh in terms of ADA avac salana just this General consolidation that that was happening here it looks very similar to this pattern that I that I charted in the Bitcoin video before Bitcoin broke

Out to the upside that’s why I’m saying Bitcoin could be a leading indicator for altcoins in this regard because Ada as you see hasn’t really broken out of that consolidation kind of has a an area which is around 53 to 54 cents that it’s kind of kind of struggling with right

Now you can see it just a little bit of resistance there we broke above and now we’re testing it again so it’s just kind of grappling with this area and I’m just watching to see if if Ada will see support at the general area and continue to the upside short shorter term Target

Around 65 cents and what is that for Ada if if it does make the move if it does follow the move and we hit 65 cents there could be potential resistance there and we have a pretty large ascending triangle for Ada that we I believe we talked about in the last

Video that I did with a120 Target to the upside now I can’t say this enough there’s no guarantee that all this speculation plays out right meaning we go and we hit 65 Cent Target and then we’re consolidating and then we’re going into having ready to break a dollar things could play out differently

For Bitcoin I mean in as far as bitcoin’s concerned Bitcoin could see resistance here at at these bull market door 618 Ada hasn’t touch touched those moving averages yet the 20 around 45 cents the 50 around 37 cents on the weekly chart that area of consolidation

Is still in play that would be the very similar move to what happened back here meaning falling into these areas into that General range of those moving averages remember those things are always in play no matter how bullish things might look things might appear Bitcoin might appear no matter how

Bullish you feel there’s downside in play so we have a new weekly candle for Ada I think the biggest thing I’m watching it it really kind of does start on the 4H hour chart I’m very curious and it’s not just data it’s it’s these other altcoins I mentioned as well

Here’s avac that’s what it looks like on the 4 Hour here’s salana on the 4 Hour a little bit of a different setup in terms of the Mac the more midterm pattern but very similar on that zoomed in just this consolidation happening I’m very curious

To see what Ada does in the short term short-term support to the downside if adaa starts falling I will call it this lower trend line around 50 cents pretty big mental area too but 50 cents if a is going to fall back to the downside I’d

Say we have a nice ascending triangle in play at that point and again the 65 Cent Target to the upside either way I I just think this general area of consolidation has a target of around 65 Cent to the upside if we can get support at this area where

Eight is right now so support if Ada Falls 50 cents is what I’d be watching and then Target to the upside if Ada just takes off I’d be watching 65 cents as that next Target for Ada so time will tell this is what I’m watching I think

The macro is probably the more important kind of part of the video where we are in these cycles and and why so much right now is so many eyes right now are on bitcoin because it really is truly the road map for crypto and crypto cycles and this next bull market so let

Me know your thoughts in the comments below everybody I appreciate you cruising through hit the Subscribe if you’re not a subscriber turn the notifications on I’m trying to crank out these videos every day for y’all Bitcoin crypto news cardano altcoin charts all that good stuff so hit the like button

As well if you enjoyed this video I’ll see you in the next video God bless