BITCOIN Bulls PREPARE For Round Two! CRYPTO Is Primed…

BITCOIN Bulls PREPARE For Round Two! CRYPTO Is Primed…

Bitcoin and crypto are incredibly
bullish right now and that’s not just
some crazy sentiment I’m throwing out
there I’m going to show you exactly why
in this video because if you zoom out on
a Bitcoin chart right now it’s been kind
of weeks of consolidation to the
downside and when I say Bitcoin charts
I’m talking about this is the road map
for all of crypto so even if you don’t
hold Bitcoin you hold altcoins this
video is very important I’m going to
show you exactly where we are in this
cycle the move for Bitcoin right now and
why it really depends on on when you
zoom out on the Bitcoin chart and the
cycles of crypto it depends you’re going
to look at it you’ll either end up
incredibly bullish or incredibly bearish
depending on your perspective and the
lens in which you’re looking at these
Cycles I’m going to break this down I’m
going to zoom in on the daily to really
paint some color to the story that is
happening right now on these crypto
charts so hit the Subscribe hit the like
let’s jump into the video I want to
start zoomed out in Bitcoin and I I want
to give you a very clear demonstration
of of why it really depends on on on
which lens are you looking at this
through very simple on a surface level
and you’re going to see this triple top
triple top fear on bitcoin this is bad
we’re we’re we’re topping out that’s
such a surface level argument and
Analysis that actually if you study the
history of Bitcoin price movements I
don’t think it makes a ton of sense but
even with that said let’s say Bitcoin is
going to consolidate further from this
area right it broke all-time highs very
briefly and it’s failed to go any higher
but let’s say Bitcoin is going to see
consolidation to the downside maybe even
some dramatic consolidation maybe we
maybe we break the 20we moving average
we’re going to talk about that in this
video it’s a in the mid-50s a very
important area for Bitcoin right now
very normal area for Bitcoin to actually
visit right now but let’s say it broke
that and and Bitcoin actually fell over
the coming months to like the 200 all
the way down here in the 30s what if
that
happens again this is the lens in which
you look at these charts I don’t know
how how you’re here for how long you’re
here for I’m I’m a person in crypto and
so when I see that Bitcoin is making
this all-time high move at Bitcoin
having we’re we’re talking about it’s
making that move not you know 500 to 600
days after the having this just happened
before the having Bitcoin broke alltime
highs that is so important but let’s say
Bitcoin Falls what else do we have here
in the coming months if it were to
happen and we’re going to dive into the
analysis to really get a sense of
shorter term price M but what if it
falls we will be environment shortly
after Bitcoin having where crypto
markets have truly cooled down after
this runup that it had so far in 2023
truly called down cooled down we’re
going to see the RSI here’s a slower
moving momentum oscillator truly cool
down and we’ll we’ll be in this
structured area where Bitcoin and this
will be the new narrative if it were to
happen I’m just trying to get this very
bearish take out of the way but we’ll be
in this environment where we’re not
talking about a triple top anymore
everybody Bitcoin heav will have just
happened not long ago and we’ll be
having a talk about a potential inverse
head and shoulders for this cycle with a
$250,000 Target to the upside and that’s
not that’s not a hopium type of chart
that just is a that’s just a technical
move if it were to happen
speculatively that’s just a a pattern
that that would be information that
would be in play
that’s not a hopium or a price
prediction I’m just
saying the upside potential of crypto
markets right now is is so large with
especially even what’s going on with the
world especially even what’s happening
from a macroeconomic perspective a lot
of times it’s just going to require some
patience but uh let’s dig into the
charts though and just talk about why
we’re even kind of getting ahead of
ourselves in terms of discussing you
know such such a bearish scenario so
what I want to do is I want to go look
at the daily chart and just really get
some Foundation to what’s going on and
then we’re going to look at Ada charts
ethereum charts this to give some some
Clues on the altcoin side of things how
this plays into it but here’s Bitcoin on
the on the daily this move no matter if
we’re at alltime all-time high area
which is right here in the middle of a
bare Market bull market wherever this is
happening this is just a structured move
Bitcoin was in the symmetrical triangle
which we’ve been tracking if you’ve been
watching my YouTube channel didn’t get
to break to the upside we got to break
to the downside we tested the upper
trend line of that massive Rising wedge
and we bounced off the trend line to the
lower trend line of the symmetrical
triangle the the amount of structure and
the respect that bitcoin price has for
these charts and this is why technical
analysis it just works so well if you
can be patient and wait for these moves
and wait for these setups they it’s not
all the time that it’s so consistent but
so often everybody if you watch my
YouTube Chan CH you know how consistent
these moves are and these patterns are
and the flow that is involved here and
it’s all on the back of human emotion
and the way in which you know people are
are trading these markets but right now
Bitcoin is in a very normal and healthy
structured move broke the lower trend
line Revisited the trend line right now
before I talk about any type of upside I
want to discuss if it continues to move
down to the Target the area Target the
price Target is around $52,000 for
Bitcoin out of the symetric triangle
that’s the target for Bitcoin if it’s
going to make the move that would be a
normal move and so in speaking to that
and then I’m going to get over here to
talk about maybe that won’t happen and
and the Bulls can step in but we have
this all already on the shorter term we
have some resistance at the apex of the
triangle we have the 20 20day moving
average the 50-day moving average right
there resistance there if Bitcoin
continues down our next area support
once again will be the upper trend line
of that Rising wedge around 6 1,000 it
could happen Bitcoin could just kind of
put in a formation consolidate there and
try and try and bounce back up again
above these moving averages but if it
fails we have down here a so many things
going on that are so normal for Bitcoin
it is the Fibonacci bull market doors
the lower high uh macro Fibonacci bull
market doors right this is an indicator
that you all know I’m I’m a really big
fan of it’s that green rectangle that
you see right there it’s a bull market
high it’s a bare Market low pulling
right back into that area we broke in
above that area that’s a bull market
door confirmation for me revisiting that
area now on The Daily you can see that
is in play because of this $52,000
target it will be revisiting that area
it will be revisiting the rising wedge
kind of Apex area and the 200 day moving
average just below all of these things
are very relevant because if you
actually go back and I revisit Bitcoin
two cycles ago I just want to show you
this because again this speaks to how
how normal of a move this is Bitcoin
heav 2016 right at Bitcoin having and
through Bitcoin having Bitcoin fell to
the 200 finally it broke those bull
market doors the very similar indicator
that we’re talking about broke those
doors right and then we Revisited those
doors huge drop right above the 200 day
moving
average and not only that if I if I take
a glance at the weekly cuz we’re
discussing this fear of man triple top
what’s going on here if you go back to
that same time that cycle right 2016
having Bitcoin just making this move
breaking the bull market doors alltime
high and then starts plummeting right
look at these few weeks of consolidation
to the 20we moving
average I am sure there were people
doing analysis on a double top for
Bitcoin the question is that I have for
you was that a double top was that a
double top at the time when Bitcoin was
falling to the the 20 week moving
average it very well could have could
have looked like one right cuz you don’t
have all of this you don’t have the
future price of Bitcoin and what’s about
to happen in the markets all you have is
what’s going on bitcoin looks like it’s
putting in a double top and it’s
falling that’s clearly not what happened
my point is we could be in a very
similar thing right now Bitcoin it’s
it’s not putting in a triple top it’s
very simply revisiting and look where it
is on the weekly the 20we moving average
confluent with that low lower trend line
that Apex area right in the bull market
door area that area where the 20we
moving average is around 54 55,000 if
you go to the daily
chart that is a a crucial area let me go
to the daily chart I have to kind of
scroll over here so 54 $555,000 on that
Weekly here’s what it looks like on the
daily check it
out 54 55 right in this general area
right at the Apex above the 200 within
the bull market doors revisiting this
area and we have this target to the
downside out of the symmetrical triangle
completely normal normal move that is my
point and if that were to happen this is
happening at a time where the Bitcoin
having just happened because if you
notice when Bitcoin Consolidated last
cycle after the Bitcoin
having big consolidation right there
there was a pullback to the 20 we you go
to the cycle before that the move that
we just discussed the pull back to the
20we moving average and I’m not sure
about the cycle before we can take a
look Bitcoin going into having pulled
into the 20we moving H average but this
was a time when Bitcoin was like 10
bucks completely different volatile type
of market now if we go now the move to
the to the 20we moving average 100%
normal for Bitcoin so you could just see
what’s happening right now is is not
only normal it’s just needed now the
bullish scenario could be this and then
I’m going to discuss a couple altcoins
just to give a sense of the the broader
crypto Market
the the the bigger move that could
happen that might kind of avoid that
downside or that we just talked about
would just very simply be what we kind
of alluded to very briefly this upper
trend line acting as support and maybe
Bitcoin not even needing to retrace that
low we have a swing low here this is a
daily chart but swing low to swing High
we have a a higher low Fibonacci at the
618 around 6 right around 63,000 the 786
right around 61,000 00061 to
$63,000 is a higher low support area
that I’d be watching for on bitcoin
before even visiting this this trend
line which is just below it I mean that
trend line is just below around 60,000
but that entire range could be a support
area for Bitcoin Bitcoin might just
obviously is contending with these
moving averages the 50 and blue the the
20 and green but Bitcoin might need just
a little bit more time before breaking
to the upside and closing daily candles
above those areas it’s been a a point of
contention for Bitcoin right now but
that is not to say that Bitcoin might
not make a bullish move above those
areas with that being said if it doesn’t
once again that would be normal if it
does again it could be a fake breakout
to the downside this asent this
symmetrical triangle could play out to
be a busted symmetrical triangle meaning
it’s kind of a fake breakout pulling
back in a little bit of time and then
we’re breaking up to actually the
bullish Target which is in the $85 to
$90,000 reg region for a Bitcoin that
would be an environment where where
crypto is just like you know what I’m
not going to take a break I’m just going
to keep going right now but my point is
a break right now for
crypto it’s it doesn’t for me it doesn’t
equal complete bearishness right out of
the gate and that’s just because we have
all this historical data that says
Bitcoin has done this cycle and cycle
and cycle before so if we look at this
now on just some altcoin charts this is
very quick perspective perspective
here’s Ada for instance then we’re going
to look at ethereum Bitcoin having it’s
so crucial for me in determining where
are we in the cycle or at the very least
just kind of like this this point of
reference to give us a sense of Cycles
last cycle Ada was was all the way down
here around six seven cents Right Way
ways away from its all-time high and
right now adaa is around 47 cents kind
of way not as far from its all-time high
but way from its all-time high and it’s
just doing its thing and consolidating
and it’s putting in its exits from the
bar market so consolidation on altcoins
right now this early in the cycle I
think is important especially as we
prepare for what I think will be an
altcoin season that is approaching maybe
this summer end of summer and if we zoom
out on the Bitcoin dominance chart on
the weekly you really get a sense of of
what that could look like right and I’ve
talked about this a lot you see this
green box over here for instance that’s
the start of that is the end of summer
and this is around when post Bitcoin
having altcoin season has happened just
months after the Bitcoin having right so
that could be in play and for that to
happen altcoins need to be primed and
ready and and what that looks like is if
you look at an ethereum chart now what
that looks like is on the
oscillators the more just cooled off
that they are the better for all coin
season demonstration would be here’s
last Bitcoin having on
ethereum it is good to see that ethereum
right now has cooled down from being
overbought pre Bitcoin heav it’s cooled
down on the RSI the slower moving
momentum oscillator you can see right
there it’s cooled down very similar
level to where it was last Bitcoin
having it’s what we want to see for
altcoins I think as we as we begin this
new season this new era of crypto you’ll
see that that uh ethereum last Cycle Way
kind of lower from alltime high than
where it is this cycle and this is kind
of very uh this is very similar to what
we’re seeing on Ada actually you can see
this chart looks very similar to how far
away Ada was right and and I think
that’s because as as I view these charts
adaa is kind of like a cycle behind
ethereum in terms of volatility and and
all of that so it makes sense to see
these two charts kind of reflecting each
other like that but right now now you
can just see ethereum on the RSI cooled
down and I think that’s a good thing for
altcoins right now at at this Bitcoin
having area and I should probably move
this somewhere around there I don’t know
right here is fine but those are my
thoughts everybody crypto just doing its
thing we have to let it cool cool down
for me I’m happy I’m very busy with with
my recruiting firm right now and just
kind of just stepping away from watching
chart so much because when we we are in
cooldown season no matter how long or
volatile it’s going to be I just do
better not staring at the charts all day
because let’s face it I enjoy green
candles way more than I enjoy red
candles but when I study the data I
realized that you know what’s happening
on these charts is normal we just really
got to we have to give it some time so
those are my thoughts on bitcoin and
crypto today let me know your thoughts
in the comments below please hit the
Subscribe if you’re not a subscriber I
appreciate each and every one of you
I’ll see you in the next video God bless

In this video, I discuss the current bullish sentiment surrounding Bitcoin and the broader cryptocurrency market, emphasizing the importance of perspective when analyzing market trends. I delve into the technical aspects of Bitcoin’s price movements, highlighting the recent consolidation phases and their implications for both Bitcoin and altcoins. By zooming out and examining historical data, I explore different scenarios, ranging from potential downturns to significant bullish runs, depending on how the market responds to key technical indicators like the 20-week moving average and Fibonacci levels. Additionally, I touch upon the impact of the Bitcoin halving on market cycles, suggesting that understanding these patterns can lead to a more informed investment strategy. Throughout the video, I stress the necessity of patience and a macro perspective in crypto investing, encouraging viewers to subscribe for more insights into cryptocurrency trends and strategies.

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Intro 00:00
Triple top fear on bitcoin 00:50
Bullish perspective 1:20
$250k btc target 2:30
Bitcoin price targets and support 4:10
Short term bullish case 10:00
Cardano and Ethereum 12:00

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