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Timestamps:
00:00 – Intro
01:01 – This crazy Bitcoin pattern is repeating!
07:03 – Altcoins update
09:32 – More crypto news

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Guys right now on the charts for Bitcoin there is one specific pattern that is repeating and guess what this specific pattern is repeating right before we see massive pumps for Bitcoin guys this pattern is about to repeat right now so today I’m going to show you exactly what

That pattern is what you need to pay attention to right now and what I think is going to happen for Bitcoin next I am going to talk about where we are in the markets generally traditional markets alt coins I’m going to talk talk about specific altcoins as well as the spot

Bitcoin ETF because right now you are seeing a massive surge into the spot Bitcoin ETFs from old money from the people that have previously been holding gold I will show you the charts right here so guys make sure stick around from the beginning Until the End welcome back

Everybody my name is Chris bringing you cryptocurrency videos every day teaching you how to make money in this market if you’re new to the channel then make sure to subscribe and activate the Bell right now oh guys we have so much to talk about today first let’s see where we are

At for Bitcoin so you can see that once again we have the pattern repeating we have a big pump and then we come up above the orange line and then we make this support we consolidate for a little while and um this is typically what you

Have been seeing here recently so let me just remind you and this is not actually the crazy pattern which I’m going to talk about soon but this is just like the overall of what what’s going to happen here or what has been happening so what has been happening is we go up

Consolidate Orange Line pump consolidate that the Orange Line pump consolidate at the Orange Line and then pump consolidate at the Orange Line boom consolidate that orange line boom and right now of course as you can see we are consolidating at the Orange Line but if you just look at this if you

Zoom out there is something even more important to take note of because not only are we pumping we are consolidating above the orange line and then we have another pump consolidate pump we have something else so let’s look at this in more detail okay so we are on the 4H

Hourly time frame and let us begin here from from the start so here you have a massive pump from 44 to 46 basically and then what you see is that we go down actually below this Orange Line we go slightly below it we do not

Close below it but we go below it and then once we see this bounce and when we break the neckline of the previous swing High which was here that is when you see the Absurd move towards the upside okay so let’s look at this again look at this

We consolidate above the orange line and towards the end of the consolidation we go below the orange line we have a bounce and then once you break the neckline that is when you see this massive move towards the upside and this is repeating guys it’s absolutely insane

Look at this we consolidate above the orange line at the end of the consolidation we go down and we actually in this case close below the orange line and then we have a bounce and once we break the neckline that is when we see this insane move towards the upside

Let’s see if this repeats we consolidate towards the end of the consolidation we go below the Orange Line we have a big bounce and when you break the neckline of the previous swing High here the previous resistance that is when you have this massive insane move towards

The upside so let’s look at what we’re seeing right now we are just like the previous time seeing consolidation at or above the um orange line we have had a drop right here so just like the previous times we’ve had a drop below the orange line and now we have the

Neckline here and if you just zoom out here look at what has been happening after seeing this drop when we break the neckline what do we usually see let me zoom out here is the neckline here’s the neckline here is the neckline we’ve seen this we have seen

This we have seen this actually um yeah this became a little bit messy with all of the lines here but uh you uh you understand what I mean so every single time we break the necklines we have had massive moves towards the upside so now let’s see first if we can break the

Neckline right here on the 4 hourly time frame for Bitcoin uh we would need to go up above 50 yeah basically call it $53,000 if we manage to close there and break this consolidation because you can see it’s very clear when we make the Orange Line support we typically have a

Very distinct a very distinct resistance level you can see it right here we never came up and closed above $50,000 but when we did you saw a massive pump here we have a very distinct neckline as well so this was at 48,500 here we definitely have a very

Distinct neckline right so you can see how this is very very clear and let’s see guys if we can break through this then maybe we can have another massive impulsive move towards the upside I do think that that could be the case because right now honestly I was

Expecting us to have some consolidation above the orange line for a few days and um that has happened we have had a little bit of consolidation here now so that is good to see and Bitcoin is looking so bullish recently so I would not be surprised if we do see another

Impulsive move towards the upside but the higher we go with without having a significant pullback of course we are going to at some point have a juicy juicy pullback like a 25 30 35% pullback that is going to happen because if you look at the previous Cycles it has

Always happened even in parabolic moves towards the upside we have had pullbacks of 30 35% so we cannot rule that out in fact it’s likely that that is going to happen but it’s also likely that we’re going to see massive pumps and when that pullback comes well we will see when it

Comes how it comes and under what circumstances but for me my stance is still the same I’m buying every single dip here accumulating to my Bitcoin bag now if you look at traditional markets this is also important because traditional markets are right now again approaching or it it

Is at its previous all-time high so the um traditional markets are doing really really well you can see a very clear kind of channel parabolic channel towards the upside here so that is looking good for for the traditional markets as well so let’s keep our eyes

On that also for the total three which measures the um altcoin market cap you can see that we since we broke through this this is actually on the weekly time frame but if you look at the daily potentially yeah if we break through the we broke through it already and now we

Are meeting some resistance but if I go back to the Daily time frame you can see why this is such a big resistance on the altcoin market cap chart so what you can see here is that we have not not been at these levels for a very very long time

If you go back in history if you look at 2018 uh actually yeah beginning of 2018 end of 2017 we went up to 348 and then came the bare Market of course the altcoin market cap went down and then the last cycle we went up and

Then we had the second Peak and uh since then we had had a bare market and now we are trying to break through some of these highs here but if we see a breakthrough from this point I do anticipate us to have a quick pop in the

Altcoin market cap up to this next uh level which would be a 12% gain in the total altcoin market cap now this would mean crazy gains for your altcoins so be prepared for that as well now let’s talk about altcoins because for beam uh you can see something crazy beam actually uh

As you know one of the coins I am most bullish on had a massive drop yesterday beam actually on the I think this is like on the one minute chart this had a 30% pullback yes it was bought back up did see a big bounce however why did we

See such a big drop for beam in such a short space amount of time well apparently someone who had an ethereum wallet got hacked yesterday they had a lot of coins they had ethereum and so the hacker dumped all of their coins in one transaction unfortunately for us the

User that got hacked also had the $5 million worth of beam so this was a massive beam Bull and the hacker dumped all of this into the open market so that is why you saw this big pullback for beam but look at this bounce the bounce is still really really strong but yes

This took away some momentum because beam had a lot of momentum we were going up towards thir uh 3.2 cents and then we dumped like 33% down to 20 uh 2.2 cents but it was quickly bought back up but yes took away some momentum but for the foreseeable future I still think that

Beam is going to do really really well now a couple of things to pay attention to today so today you do have the PPI month over month data being released and this is generally not that important but why it is important just specifically today is because we did have the

Inflation data coming out a few days ago and that gave us the hint that maybe inflation is starting to become a problem again so that is why if this also strengthens that if the data comes out bad for us and inflation is this is by the way the producer price index

Meaning how much producers are paying for their goods and if producers are also seeing inflation and producers are paying more then that could strengthen the thesis that inflation is starting to become a problem again so let’s keep our eyes on that I will of course update you

On Twitter so make sure to follow me there now gold funds see big outflows alongside Rush of money into Bitcoin ETF so we know that Bitcoin ETF are seeing a lot of money being poured into it now let me show you this this is the Bitcoin ETF assets under management this is the

Gold ETF assets under management you can see that gold is going down and Bitcoin is going up so people are taking their gold or their money from gold putting it into Bitcoin strengthening the thesis that Bitcoin is a digital gold so that is absolutely fantastic guys I love to

See that and also in terms of Institutions you know know that I said yesterday there is no such thing as beautiful as institutional fomo and there’s a premium on coinbase meaning the price on coinbase is higher than the price on binance and okx and other exchanges why because institutions are

Using coinbase to buy Bitcoin so that is pumping up the price higher on coinbase actually so that is all good everything is still looking really really well guys if you want to get the best sign up bonuses available if you want to use my trading strategies for instance make

Sure to go to the description of this video claim up to $60,000 using this link right here on okx and up to $8,400 on bit Gap so make sure to take advantage of that guys thank you so much for watching this video and I will see you in the next one