Cryptocurrency

Bitcoin WARNING Signs The Halving Correction Is Coming? (Scoop Up 34X Crypto!)



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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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โžข 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

No matter which Market you were trading this has been the most hated rally in history across the stock markets Bitcoin and of course cryptocurrencies the masses they were expecting a lot of downside in 2023 we know the markets have been up since that point they’re expecting downside for BTC remember

Those times calling for $10,000 Bitcoin well that didn’t happen so when the hell are we going to see a correction for BTC let’s dive into that in today’s video along with eth hitting $3,000 breaking that key resistance level eth BTC also on a charge we’re going to cover some of

The altcoins looking specifically at Key areas for entry and exit along with the S&P 500 and the NASDAQ looking at these Corrections that have begun to take place across both of these markets you’re at your home of macro cycle analysis hit that like And subscribe button let’s kick it off with the links

In the top of the video description our free crypto and economic report went out yesterday make sure you check your inboxes all right guys let’s take a look at where we sit in the macro cycle looking at the traditional markets stocks tend to do better in early

February and worse in the later part of February just looking at this post here from Ryan detri we cover this often just looking at the seasonality of the market to give us an idea of what to potentially expect in the markets as we currently sit for the S&P 500 yesterday

Was down half a percent put in a lower high at the moment but higher lows very short term the size of this move so far is 2.6% the main thing that we want to do here day in day out is just record the correction if the correction continues

On the main theory that we’re covering here for the stock markets because we’re in this macro bull market this everything bubble prices continue to Surge the corrections will probably be more so shortlived compared to uh the upside for example you get 50 days up it’s probably unlikely you’ll see 50

Days down consecutively now the next thing we are recording is the correction how much was that correction in terms of percentages what we’ve seen in the past is on these grind UPS these are reverse crashes if you will is that the corrections are typically single digits you will get some double digits but

Typically they’re single digits so to the downside if this is in fact the top of the 12th of Feb we’re sitting around 2 6% we go back to this white line here this white line is the previous old all-time high which you may expect some

Sort of support if of course this is a top that brings you down to about 5% correction that also lines up with the previous tops before it broke out uh decisively to the upside here roughly 5% now to the 50% level using the October low that 99.3% so in each of these

Occasions it’s still a single digit correction the market would have to go as far as the previous top here in November so the previous resistance level before it broke out again all the way back to about 46 just under 4600 points that would give us that double digigit correction so it’s not

Impossible it’s just probably unlikely at this stage so having a look at that again looking at the seasonality for February seems like we’re relatively on track here we’ve got 29 days in February for this year and the average February is the orange line here and typically from roughly around this point you to

See a bit of a decline but note the orange if possibly can’t see it on the side here the decline is very minimal the move to the upside was about four4 to. 5% and then back down is gets you to about netive 1% for the month of

February so very minimal type of moves as for the NASDAQ it is going to have larger moves of course larger moves to the upside or downside just a bit more volatility in the NASDAQ so far we have seen a break of the daily swing chart

You can see this low here on the 13th so now we have a confirmed downtrend lower highs lower lows 3.7% to the downside coming back to the old all-time high that’s our white horizontal line here that would take us out to about 7 and 1 half% correction and then if it was to

Get further back to the 50% level using the October low it’s at about 11% so we’re not talking about the NASDAQ when we’re looking at that single digits only uh but it could go close to that double digit correct if it does get to the double digits probably somewhere in that

Teens area now Bitcoin just threw a massive spanner in the works it had a pretty significant selloff on the shortterm chart here after a pump pump to $53,000 it dropped to $5,700 causing some liquidations here our highest Longs being liquidated roughly about 200 million that’s the highest Longs liquidated since the 23rd

Of January so roughly about 4 weeks now the the highest Longs have been liquidated in terms of the overall uh 3 months now one of the highest ones so we’re starting to flush out some of the overleveraged folks who are trying to go long on every single breakout and then

To the flip side it’s trying to flush out the shorts as well it hasn’t been a huge short day yet we’re looking for somewhere in the vicinity of over $150 million liquidation to get to that point of being one of the highest days as you

Can see going back to the 8th of January that was your 155 and then all the way back to the 4th of December was 200 million so once it gets that sort of 150 200 million that could be enough of the short getting liquidated to reset the

Market from what we’ve seen in the last three months from shorts and Longs getting liquidated to new all-time high prices I popped this poll up on X just two days ago looking at whether Bitcoin will get to a new alltime high before or after the Haring the results

Were pretty standard 60% after the Haring 30% before I susp expect over the coming weeks then obviously the before Haring will drop as we get closer to the harving we’re about 6 seven weeks away from that now it’s due to arrive roughly early April could get extended out to

Mid April just depends on the blocks being produced and mere 9% saying no new all-time high in 2024 so what has happened around these Haring events in the past many have looked at the harving as being this time where once it hits shoot up to new alltime highs and from what history has

Shown is that that doesn’t happen bitcoin price doesn’t just shoot up to a new all-time high so it’s really going to going to come down to your timing what is your outlook here are you expecting on that Haring event for the price just to go to new all-time highs

Within a few days maybe a few weeks the history has shown that that does not happen so have a broader Outlook possibly over the coming months and then you could could expect a new all-time high so from 2016 from the Haring it got to a new all-time high which was uh at

The top here around $11,200 got there in about 6 months so if you got six months up your sleeve from the harving new all-time high what happened in 2020 well there’s the Haring there in May by November we got to a new alltime high so again about 6 months from that

Harving if we do the same thing this time April is the harving timing 6 months out tells us about October so dead on point with the timing that we’re looking for here roughly around quarter 4 it could squeeze in there at the end of quarter 3 maybe we see some sort of

Pump after what the us or the northern hemisphere summer and we start to see the markets rise up but typically seasonally we we tend to see the markets sort of fade off coming into summer typically near the harving we have seen markets to rise up into it but then take

A brief pause the last Haring in 2020 was one of those times where we did get about a month or about six or seven weeks of a pause you can see it went up into the Haring but paused the next month also came back down and then you

Had a couple of weeks before the market pushed up again but you still had roughly 1 2 3 four five months before the price really did get going and explode and it was 6 months until the all-time high we know from history we know from the charts at that point at

That 6mon point of the new alltime high there was about a month or so until the alt coins got going and they got going against their BTC values as well which gave you that extra boost to your bottom line that maybe 34x or 35x you see what

I’m doing here with the titles that is the timing that we are looking at for the big gains can things change of course they can change is this time going to be different I don’t think so the charts aren’t suggesting that just yet what we will know if the times are

Different is my little baby right here looking at Bitcoin USD the weekly chart and the closing areas here so looking at some sort of signs that we would see a correction in crypto uh coming around that harving point yes what we’ve just looked at is the rising into that Haring

People get super excited but then you get basically a selloff and a pause a sell off even though it was minor and a pause did rally a little bit but we’re not seeing any sort of explosive move and remember we did have Co just two months earlier where it was a huge push

To the downside so you’re seeing that rebound effect come into that Haring as well which is potentially why this little move happened just after the Haring but again it’s roughly around that sort of fiveish months period that the market is still trying to just hold its ground here month leading into the

Harving there is your Haring one two 3 four five months the breakout and then basically hitting your new all-time high now before we look at the signals here the correction signals I specifically use this chart here as a reminder about the market sentiment the fear and the

Greed the fear at the bottom of the market it was going to go to 10 grand never happened last cycle it was going to go to one grand never happened the same deal now we’re sort of seeing a lot more people saying that the price is

Going to hit a new alltime high before the harving this never would have occurred heard 5 months ago if you asked that probably wouldn’t even think there would be a new all-time high in 2024 and uh now you’ve got 30% of people thinking you’re going to get a new

All-time high in the next sort of six weeks I see that as a very timely reminder especially where we currently sit in this market about 5 months up from that low you get the extremes at either end same thing happened in 2019 and we had that extreme move to the

Upside at 14k everyone thought we were going to go to a new all-time high before the harving and and there was just going to be more and more upside without some sort of significant correction onto these particular signals the arrows at the top are where the market has broken out of key

Consolidation now the thing that follows these particular arrows is a reversal so you can see it broke out of the June rally and you get the reversal then you can see it broke out of the April or basically March banking crisis rally and then a reversal you also had a breakout

Smaller breakout here reversal another test reversal Market heads down from that point then you had the breakout again from the consolidation in the mid-30s reversal tested it again because of the strength of the market at that time this was the ETF news so we can all understand that this was a much stronger

Uh news time and much much stronger sentiment to the upside than there was previously in 2023 had another attempt at a breakout massive reversal that put a spanner in the works at least in the short term price corrected now we’re seeing the same thing to the upside but

The differences that we can see are when the market breaks out to the upside you want to see continuation to that upside doesn’t mean you can’t get a correction but you want to see continuation we got that on the breakout of June uh sorry January of 2023 we got that in the

Breakout of October 2023 and then you had this consolidation at higher prices basically a flag forming before we got the next breakout and now we’re seeing the similar sort of the breakout and the higher closes on the strength so the sign here that we’re still waiting for

Because the days have been so small we’ve had very very tight ranges here so we have to wait for more signals I’m not trying to push any sort of narrative or any sort of agenda to a bias to the upside or the downside here we just have

To go with the trend at the moment not saying that it has to correct but if we saw lower closing prices on the weekly chart underneath the previous resistance levels that would be an early warning sign that we’re probably going to see further downside and at least a longer

Time frame underneath those previous levels so for now the trend is up the prices are still closing higher this could consolidate above previous levels like it has done in the past you got the breakouts right here Consolidated above the previous price targets which means those calls to the downside which means

You can start to set your price targets a little higher because the market is showing relative strength to the overall picture it could be showing strength at prices higher than the previous resistance levels which means the likelihood of lower prices the mid-30s possibly is not likely to happen that’s

How we rate the strength of the market which then allows us to assess our risk in our own Investments should we be waiting for much lower prices or a more shallow correction that’s what we’re looking for here we’re trying to find signs of strength and weakness in that

Chart now e has broken above $3,000 two days closing prices above the 50% we’ve also got eth BTC looking quite strong and some altcoins to get through as well but a quick shout out to our Traders doing extremely well in Tia premium now if you want to see their results and

Some reviews of Tia premium the link is in the top of the video description for the free TI report you’ll receive a link to get on board with the free Discord where you can review the trade results 500% 100% 24% that’s that’s Bonkers 1,000% 100 200 you get the deal check it

Out Link in the top of the video description right there so for ethereum above $3,000 now this has continued to Surge essentially it’s what we have been looking at on the channel going back now four five days as the eth BTC chart was looking relatively strong compared to

Where it has been so these are those times where you would look to start flipping out of some of that BTC to E if you wanted to play it completely safe I know a lot of us want to get degenerate and go for 35x gains today or 34 today

Maybe 35x tomorrow but uh if you want to play a little bit safer maybe go with something that’s less volatile eth is one of those those tools there and as we’ve been watching it has continued to break to the upside from that September uh Saturday video 1 2 3 4 here we are

Above the 50% level the short term here still waiting on the break to the upside even further for more confirmation remember the earlier get in on the trades the higher risk they are of failing the failure is the breakdown of the previous support levels so far it’s

Doing not too bad now in terms of failures this is what one looks like Soul BTC Soul USD different story bitcoin’s still going up Therefore your USD is going to go up but the salano the altcoin has been bleeding out against its Bitcoin value that’s where you look

At something like the dominance and it has broken down from the 50% level and if if it gets uh below the previous low here in January that would be a price support failure and you would expect lower prices from there so just looking at the previous highs here roughly

Around 180,000 Sates of those tops and then if we’re to extend our 50% level back to some previous significant bottoms here this was the FTX dumping all the soul fearful bottom remember that point around September where everyone feared FTX was going to dump their bags of I don’t know 80% of the

Sole Holdings it has led to the one of the biggest pumps Soul has seen in the last 2 years the news is always instilling fear just follow the charts here so we’re looking at the 50% level going back to that significant low point you can see the uh 50% comes out right

On top of where that previous resistance was before the market broke out so what we’re looking at here are areas of potential accumulation on significant support levels I know everyone’s sort of waiting for this next coin to pump and blow up to the upside but sometimes it’s

Just as important to look for where the price could come back to for a significant entry point and maybe a DCA into a particular altcoin that’s on your radar so that’s a look at so BTC in this case even though it’s holding up against USD that’s the look at that sort of

Flipping same sort of deal that you do with uh ethereum and Bitcoin if you’re selling out some of the Bitcoin into eth that would be that time that you’re looking to do it so I had injective USD up here as well there is our short-term 50% at

$29.70 if that was to break down then you would look to lower prices here roughly around 20 because that’s where the previous resistance was which may become support but of course it’s still a long way off that’s 36 bucks down to about $20 in terms of percentage that’s a significant move there about

46% so that’s why we keep watching BTC here on the short term if you if we to get a a pullback now leading into the harving looking at where we were uh in the harving in previous Cycles where there can be a a small correction there can be something more significant and

Then Bitcoin goes on its run typically we would see altcoins pull back a little and that would be a good buying opportunity leading into that next stage of the bull market and that crazy altcoin Mania stage of the bull market now another way to trade altcoins would

Be something like this just looking at Casper here as it broke out of the previous High here of 15 a half cents the 50% level good entry you missed that it’s on the breakout of the Swing chart so that’s the Tia gen gen swing chart free 7-Day trial check it out because it

Also helps with your entries and exits entry points above swings exits below swings for losses but you can also look at profit targets to the upside as well so eth is still on its tear above $3,000 remember it’s only had two days up there

So if we are to see a bit of a correction here watch out on the eth BTC chart to see if it can hold its strength against Bitcoin we looked at some altcoins as well here just in terms of potential entry opportunities using the 50% level and the swing indicator of

Course support and resistance our old friends there the traditional markets are holding up relatively well it doesn’t seem like there’s anything to be too concerned with at this stage as even the S&P hasn’t broken a swing bottom plus there is plenty of room to move to the downside that’s it for today’s video

Like And subscribe I’ll see you back here at the next one for our 35x crypto gains in the bag see you then

46 Comments

  1. You do great work but you have to start figuring in GBTC sell off and the other ETFs buying 12x daily what's mined. We are on pace to run out of BTC. Math is math.

  2. I agree, S&P retracement to 4600 possible but improbable, unless a recession takes place which is not priced in yet. We can only watch the year unfold and see of economic strength increases or tanks heading into Q2 and Q3.

  3. For the temperature of altcoins you should Follow the market cap minus the top 10. That will help us altcoin investors out. I will never buy Bitcoin. I hate Bitcoin.
    It's northern but a commodity. That's going to prop up the Central banks. It's not gonna change the world. It's just going to convert. Gold to digital.
    And in face of all the regulations No one is sticking to their So-called ideology. to free the masses. A lot of bitcoiners are hypocrites. They talked about how it was gonna Free the world and all that worried about is the price in an e. T. F with poison seeds Embedded planted in

  4. Thank you Jason ๐Ÿงกif i may add, I see fundamentals overwriting the statistical significance of past cycles atm. I think with the clear break above 46k we already invalidated the thesis of the prolonged slowdown pre halving, imo this was the signal, 60k next , lets see. All the best my G

  5. No wealthy investors that are being told by their wealth advisors to put money into the Bitcoin ETFs. Know anything about cycles or charts and aren't timing anything. They're just putting money in now and they're doing it every single solitary day in giant amounts

  6. like what I commented on your previous video, the correction will happen once you, one of the most reasonable analyst out there, stops talking about it.๐Ÿ˜†

    EDIT: This must be the "Disbelief" phase

  7. Watching the crypto market's ups and downs shows how quickly things can change. In crypto, strategic, informed trading isn't a choice; it's a must. Remember, caution is as crucial as ambition here. This dedication to continuous learning is inspiring…managed to grow a nest egg of around 1.2Biitcoin to a decent 7.4Biitcoin… I'm especially grateful to Kelvin Hurdle, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..

  8. Its already a different cycle with fib levels being broken before halving for the first time. No one who has a clue wants to see a new all time high before the halving

  9. Remove the halving from the charts. As a cycle trader, do you not see the larger cycle as coming from the lows, I think it is likely that we could see a larger cycle being formed akin to the gold or property cycle with 3 right translated cycles followed by a left translated cycle.

    Just curious as since retail is not yet in the market, this would harm the most market participants.

  10. Tbf CK has been calling for ATH in the New Year for over a year now, based on us currently being in wave 3 of HTTF 5. Slowly more people are adopting the idea but its not new for everyone. It makes no difference to me either way (I'm following BTC up with SL) but I would be more amused if we did manage a new ATH before halving due to the ETF buying. The market makers can start their games again when they've left enough room between price and ETF demand.

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