Bitcoin BREAKING A 777-Day-Old Record! Watch the Crypto 29X BUBBLE LOADING…

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Video Description:
Data-filled update on real estate cycle, stock market performance for 2024, bitcoin investor pump and the crypto bull market cycle timing. Altcoin season update, Bitcoin price prediction update, Stock markets hitting new all-time high prices and what this means for investors.

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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

Bitcoin’s again on the verge of breaking out of $49,000 this was the peak back at the ETF now I’ve got a lot of data to get through with you guys today today we’re going to look at the emotional side of the market looking at the specific data

Points for the fear and greed what the rest of the year holds for the S&P 500 we’ve also got massive data points here looking at what happens if February is in fact green for the S&P 500 now this is going to play a big role in the

Crypto bull market hitting that 29 30 50 100x so we need to pay close attention to what’s going on in in the traditional markets and what better place to do that than your home of macro cycle analysis studying the past to forecast the future looking at the stock markets crypto

Bitcoin and the big one the real estate cycle links in the top of the video description which we’ll talk about later in the video and of course our Channel sponsors here with swiftex bybit and bitg get yourselves signed up before these cryptos get even crazier and you

Are scrambling to find where to buy the cryptos from all right guys let’s kick it off with the S&P 500 and some of that economic data now it may sound like it is the boring stuff but this is the thing that keeps the engine running for Bitcoin and cryptos they are relatively

Small asset classes so we need to see uh more risk coming into the market more people wanting to bet with their money so that some of that can flow out into the crypto and altcoin market and we’re still seeing signs of uh positive results here or you know more money

Coming into the space credit card debt it has been one that I’ve focused on in the last couple of uh videos of course but just looking at it here there are some that still think credit card debt is too high but net wealth is also up a

Lot as well and that is in fact doubled it’s not that you can take the credit card debt and turn it into your own net wealth by taking the credit card money out and then saying it’s part of your net wealth of course that’s debts and

Credits but at the end of the day there is a lot of net wealth still out there that is getting ready to hit the markets and it hits the market even harder especially when they keep seeing prices go higher and higher and higher we’ve seen that with real estate around the

World the US UK Canada Australia things are getting a little wild and you probably are noticing some of those effects and seeing how this is playing out in Real Time with the 18.6-year real estate cycle so more on that in just a moment but taking a step back to the

Credit card debt this particular Point come up comes up a lot especially with viewers so you might be asking this yourself right now the average net wealth may be higher but how is net wealth for the lower to Middle inome households now Ryan’s saying here that

This has gone up we use a lot of Ryan’s data here on the channel so of course check him out on X if you want to stay up to date with some of those data points talking about the bottom 50 they’ve also seen more wealth as a

Percentage than other areas now this is what stumps me every time the same thing that a lot of people think I think the graph would look different if we take out the high income for both wealth and credit of course it’s going to look different if you take out any sort of

Datter it’s always going to look different but I think what they’re alluding to here is that if you take it out then the bottom middle and lower income earners have far less than what the higher income earners do or the higher wealth in our society and that is

True from what I have seen in the data why the hell do you care so much or do these people care so much about the lower and the middle class when it comes to investing itself you want to know where the majority of the money is going

This is to me an absolute waste of time trying to figure out what the lower and middle class are doing so I’m saying yes it would look different but it would also be mostly Irrelevant for determining the direction of the stock market and I ask you what are you here

Trying to do you’re trying to make money from the market or you trying to predict the economy and go on news programs and tell us how bad everything is if you’re trying to predict what direction the market is going because you want to put your money somewhere that’s going to

Make more money then forget about the lower and the middle class and what they are doing remember this is all about what the stock markets are doing and where the money is going what the charts are doing as opposed to what is happening in the economy eventually

Things get a little out of hand and yes we will have significant pullback significant recessions even a potential depression I’m just saying that this is the precursor to that collapse and unfortunately the lower and middle probably will get hit the hardest when things do turn down why are we trying to

Follow what those guys are doing we want to know where the rest of the money is going so we can continue to follow the market and where it is going now another big one that’s been on the Forefront for months now probably even years is the yield curve inversion and Uninversity verts that’s when we have the countdown to the recession so like you guys know if you’ve been following the channel as I suggest you do hitting that subscribe button we have said that this recession is a little way off from where we currently sit in 2024 now so we

Had 2022 we had 2023 and there was no recession through that period and you know we’ve gone over many times why other people think we’re in a recession but we are not in a recession we will get to that point but we’re going to have a very significant

Move to the upside side before we get to the major major recession and so as we look at the yield curve inverted the S&P 500 has gone up 30% since it inverted in October 2022 so let’s have a look at the 3 Monon here and where it um inverted back in

There it is October 2022 so it’s been inverted for a year and a half now so by the time we get to that unversal months sometimes a year or more before you see that recession so if we take another 12 months to get back to that uninversity

So you can still see a pretty significant period between those readings which could then lead us into uh the end of this cycle and we get the pullback that we have been anticipating now for many years but of course the markets are heading in the direction of

The bulls for quite some time the majority people have missed out on the lows and that’s pretty much what is going to sucker them into this peak before we get that move to the downside so how are we going for 2024 well this one looks at the max

Year-to-date return in February if we see a positive result in February how many times has the rest of the year been green so we have the S&P 500 Index returns Final 10 months of the year when there is a 5% return for February now

90% of the time the rest of the year has been green and looking at the uh well that’s the last 10 months and looking at the calendar year itself well 93% if you take out that zero well you’re probably closer to sort of like 95 96% positive result for the rest of the

Calendar year which is good news for Bitcoin of course Bitcoin pushing higher if we have a look as I’m recording this we just got a peak of 48,800 which is about 100 100 or so dollars lower than the ETF top now I want to take it back to this chart

Looking at the timing and where we sit now for this stage of the cycle before I get into the fear and greed some things are are looking relatively interesting there so in terms of where we sit right now in February a couple of months out from the harving we’ve seen 20 in the

Past 23 months from the cycle low until the breakout into a new all-time high that happened last cycle cycle before that it was 24 months pretty close here roughly 2 years from that bottom the market did hold out for a few more months in the previous previous uh sorry

The cycle before last in 201617 but in 2020 and 2021 the cycle ran up straight through that all-time high there’s only a couple of weeks that it paused at the alltime high before it ran through those levels so there’s been both options here a few months where it’s sitting around the all-time highs

Before it takes off and basically just breaking straight through and going gang busters and if that happens well like we saw last time it had a pullback and then it had to pause again before it ran to test a new Al time high whereas in the case of sitting around the alltime high

For a lot longer well that was basically the reaccumulation before that big breakout into that that pump to that final Peak so there’s two things we want to find out about this how long do we have to go until a new all-time high just based on the previous cycles and

How long does the bull market have after it breaks into a new all-time high until we reach that final Peak looking at the previous Cycles we are roughly about eight months away from hitting a new Fresh all-time high price for Bitcoin and once that happens about 12 months

Until the peak so we go back to 2020 into 2021 you see there’s 12 months once Bitcoin breaks into a new all-time high there it is right there had 12 months running into that final Peak very significant correction in the meantime but looking at the previous cycle Bitcoin didn’t have a significant

Correction like it did in 2021 but the altcoins had a very significant correction in the middle of 2017 I got into crypto roughly around March 2017 and I remember in that move from about I think it was the June period it was a huge correction for a lot of altcoins

Maybe it doesn’t happen this time maybe we just run straight up and we keep going but I’m just aware that there can be big Corrections in the middle of those bull markets especially for altcoins if they’ve been running pretty hard uh for quite some time which they

Have been at this point so 8 months until a new alltime High then once we hit it 12 months till that final Peak that gives us about 20 months to go from this point in time so just under two years coming up to sort of one and a

Half year period which essentially puts us nearly at the midpoint of the entire bull market we know that it takes about 3 years from the low to the top there is your 35 months again the previous cycle low to the top 35 months cycle before that cycle low to the top roughly 37

Months so a month after that 3year period at around that 18month point we’re about halfway through the bull market the biggest fastest gains come in that second half and so we’re about a couple of months away from that which essentially happens after that harving point now there was one more time frame

I was using to essentially balance these markets to see if we had any similarities between now and the previous Cycles previous Cycles all-time high to when it broke out into a new alltime high 38 months that was the 2017 bull market so the 2021 bull market had

The all-time high at 20 grand when it broke out that was 35 months so was 3 months less now some might say well what if it’s 3 months less this time and I’m happy to look at all options of course if we take it 3 months less well that

Takes us out to July of 2024 essentially 3 months after the Haring nothing is impossible the timings have been relatively the same leading into that Peak so if it is July this year if it is quarter 3 instead of what I’m thinking probably around quarter 4 getting closer

To that election well then I would say that that gives us roughly 15 months in that all-time high period for Bitcoin so I don’t think the ends are going to be too different in terms of the entire time frame from the low to the high but

If we happen to to move a little bit sooner maybe we hang out in alltime high territory which is above the previous alltime high so above 70,000 maybe we hang out there for a little bit longer than what we have done uh in the the previous Cycles where where we only had

Roughly 12 months from that all-time high to that Peak now I want to get into the market sentiment because it has been a long time since Bitcoin has hit anything relatively close to extreme fear but let’s have a look at the 777 day record that Bitcoin has just

Broken closing out this week at 4 8,300 this is the highest closing price for Bitcoin in 2023 and it’s the highest closing price since December of 2021 which essentially makes it a 777 day record Bitcoin has not closed at this price since it went on the first

Collapse from the all-time high had that little bounce into that small top and then basically collaps from that point into January 2022 and so this has been now the highest closing price since that time a pretty big feat for Bitcoin especially as we’ve come out of a you

Know significant low in late 2022 and we’ve been tracking this bull market the entire way from that bottom while you guessed it the majority had been looking for further and further downside now these high closing prices speaks to the strength of the bull market I don’t want

To get too Moon boyish and too much Perma bull because well I mean the market has moved up very significantly for 17 weeks since that September low and sure we could break this top it’s only 100 bucks away and that would then take us into roughly 22 weeks from that

Cycle low in September of 2023 eventually yes there is some more significant or longer pullbacks like we’ve had in previous Cycles you hit those resistance levels and the market basically tracks sideways for period of time we only had two weeks down I will be the first to admit that was a lot

Shorter than what I was expecting but I was expecting at least a few weeks from that point if you remember from the previous videos it didn’t happen we got a measured move we got an exact 21% 212% which was pretty much exactly the same as the previous Corrections that Bitcoin

Did in 2023 we got that one on the money 20 to 22% we’re expecting maybe a few more percent to the downside it just didn’t happen and we’ve seen Bitcoin push higher which is why you should always be prepared to follow the charts watch what the swing indicator is doing

As you can see here from that low and the breakout it was starting to break previous swing tops putting in higher lows as well as we looked at in the previous videos there was one more piece to this puzzle and that was the volume the volume just wasn’t meeting the uh

The price movements to the upside now we haven’t broken out from those tops we haven’t closed above those tops yet so I don’t want to get too far ahead of ourselves here uh and just continue to follow what the Market’s doing and of course if we are trading well then we

Just continue to follow the swing chart like our members are doing links in the top of the video description for the Tia report and the 7-Day free trial of the Gans swing indicator now if you want to learn how to trade cryptos in more detail check out the premium membership

Congratulations to our members over here 111% GG crypto Ricardo crypto alien 36% you guys are nudging some really really good results in these markets to the upside getting your 400 100% return so congrats to you guys if you guys want to learn more link is in the top of the

Video description to learn how to use this Gand swing indicator even further and of course uh start to set up your plans for this coming bull market as for the timing on the altcoin market we’re now 2 months away from the harving itself and we really have not had any

Sort of significant pullback since the August September low of 2023 Mark’s been up 1 2 3 4 five months now potentially into February potentially 6th and as we looked at a couple of weeks ago for the month of February there was the possibility of having a correction in

This month nothing significant like a CO crash I’ve I’ve maintained that we’re not going going to get a CO like crash at this point in the market of course it’s a Black Swan event but in terms of where this Market sits anything back to those previous tops is a healthy

Correction so those tops are roughly around 400 billion and at this stage sitting at 500 billion it doesn’t seem like we’re going to get our cake and be able to eat it too it looks like the the higher lows are getting put in roughly around 430 to 440 billion on the altcoin

Market cap now in terms of timing going into those Peaks it’s roughly the same of Bitcoin uh as Bitcoin so I won’t repeat too much here you can see the Bitcoin new alltime high happened about 23 weeks from the cycle low 23 weeks from the total cryptocurrency market cap

Cycle low puts us in roughly November of 2024 to get to that new uh Bitcoin alltime high and that’s essentially where the altcoin market cap really broke out and you had about six months into the peak significant correction and then that final pump to to the top so in

Terms of timing that is again 12 months from that top to the Bitcoin new alltime high and where we currently sit in timing it’s about 20 months to go until that Peak so basically the same sort of thing as Bitcoin we will continue to follow up here on the channel looking at

The the strength of the altcoin market cap but I want to review the crypto fear and greed index because we haven’t seen any extreme fear since about January of 2023 so over 12 12 months the market has not had any sort of extreme fear presented to it we had a couple of times

Here in March of 2023 with the banking crisis but the index only got to 33 for the traditional markets it was extreme fear for Bitcoin cryptos it didn’t seem like extreme fear or especially when you’re looking at the reading here it was only into the fear uh reading not

The extreme fear and so what I’ve looked at over the course of history here is once we essentially break out and don’t revisit that extreme fear it could stay elevated for quite some time so the extreme excitement or the the greed the the extreme greed the greed the neutral

Feelings and if you want to take it somewhere halfway between that uh the fear reading here in about the 30s uh the market can stay elevated for a long period of time last cycle it was about April May 2020 when the reading went from Fear into neutral and essentially did not

Look back into the extreme fear until we got the first all-time high which is roughly here and then the market dropped off in May so what does that look like that was basically this period and then the dump so from here from the breakout the market ran straight up Bitcoin

Cryptos we had defi summer in there as well some uh profits being taken but essentially the emotion of the market the the psychology here the fear and greed index didn’t come back to an extreme fear until until we had that first collapse so this could stay elevated for quite some time I’m hoping

We get some sort of reset to at least build another base to go higher again for longer but of course I don’t control the markets I’m just reading what is going on here so if we do stay elevated for these periods of time last cycle was

At least 12 months if it was 12 months again well that pretty much takes us to where we are now before we get an extreme pullback I don’t know if that’s going to happen I’m just looking at the exact 12-month period here you can see from January 2023 we are now in February

2024 similar to what happened last time you see the breakout in uh May 2020 and it came back in May 2021 so basically was a 12-month period above this line here of roughly about 3 36 37 38 on the reading now we did have two times here

Where it did go under the reading maybe that’s been enough to at least hold us out here for a bit longer at the end of the day the main message I’m leaving with this with the crypto fear and greed index is that once we break into these

Highs uh look we’ve had a couple of times underneath but not for very long they can stay elevated for quite a considerable amount of time uh and that’s essentially because we’re in that stage of the bull market where people just don’t think that the market has the

Possibility to roll over now once it starts to happen and you get those lower highs probably coming towards the end so we’ll continue to review this chart on the channel and one more final thing for you Aussies bit Point against the Aussie dollar is now sitting at

$74,400 it has broken out of the ETF top news point there back in January and in the previous Cycles well the Aussie dollar has hit or the Aussie dollar against Bitcoin has hit a new Fresh all-time high before the US dollar hit a new all-time high it was roughly about

Two weeks in the previous cycle so the Aussie dollar hit a new all-time high breaking maybe in this case we break 93,000 and then the US follows suit and breaks above $69,000 links in the video description for your Aussie onramps here of swiftex buy bit and bitg get set up before

Things get ballistic out there I’ll see you guys at the next video and until then take care and peace out