CRYPTO Is BULLISH No Matter How You Spin It!

CRYPTO Is BULLISH No Matter How You Spin It!

I’ve come to this conclusion that if
you’re in crypto you’re usually one of
two things you’re a shortterm person and
if you’re a short-term person looking at
all of these charts it becomes very easy
to become bearish one week bullish the
next week bearish one week bullish
bearish and then there’s another person
the other type of person you’re a you’re
a zoomed out person the macro person the
one that is mindful of the cycles of
crypto and you understand where we are
in this story right now and I wanted
discuss kind of the Collision of these
two these two things the short term and
the long term and why even in the short
term if you’re a short-term bearish
person I want to explain in this video
why and I want to try and illustrate it
from a different perspective than I
usually do why I’m so bullish on crypto
right now and I’m actually going to use
the S&P 500 as kind of a as a guide and
then we’ll pivot into Bitcoin and we’ll
look at some altcoins like ethereum and
cardano so hit the Subscribe hit the
like let’s jump into this video kind of
excited to do it so Bitcoin on The Daily
just for the shortterm reference point
right this is what’s going on we’re in
just such such a
nice consolidation pattern after getting
crazy over extension we’ve talked about
this a lot there’s a symmetrical
triangle Bitcoin broke kind of through
the bottom of the symmetrical triangle
mid mid April we got just the almost
Picture Perfect pullback to the lower
trend line moving average Confluence
right at that trend line and Bitcoin saw
resistance right now on the short term
bitcoin’s like just putting in a higher
low from this swing low back here
there’s a case where Bitcoin could turn
around and make its move to the upside
it could maybe test this lower trend
line this massive macro Rising wedge and
continue to the upside there’s a case
for that but what I wanted to what I
wanted to try and do and I actually
wasn’t even going to do a video tonight
but I wanted to try and place ourselves
in the minds of or the perspective of
the people out there maybe you’re one of
them just the people out there that are
just like things are looking bad on
these charts and we’re going lower and I
want to put us in that environment and I
even want to integrate the s&p500 and
just traditional markets into this and
and still I want to explain why I’m
macro bullish in this environment so
here we are we understand on on the
shorter term what’s going on with
Bitcoin we’ll we’ll continue watching
that now if we go and we look at the S&P
500 very simply this is S&P 500 Zoom out
on the
weekly look how overextended it is right
now right and what I have on here I have
on here just historical data points
these white lines are the Bitcoin havs
basically and these green rectangles
that is essentially the crypto bull
market namely altcoin season many of you
know this as altcoin season and let’s
just point out the obvious in these
areas these green boxes you can see S&P
500 making a move to the upside right
and in in these Cycles higher highs and
higher lows and you can even see uh this
200 day this 200 we moving average all
the way beneath the S&P 500 and and the
move that’s happening with those higher
highs and higher lows this cycle back
here 2016
2017 all the way down here the 200 we
moving average last cycle right all the
way down here above the 200 we moving
average so the the bullish case for
crypto right now now would be you know
what S&P 500 traditional markets they
are going to see support even somewhere
at the two the 20we moving average where
it is right now it’s Consolidated kind
of going into Bitcoin having maybe the
50 we if it consolidates a little bit
more in the 50 we and then continues to
the upside we will be entering a higher
high higher high higher low environment
for traditional markets and we will
likely see crypto just go crazy but what
if we put our ourselves in this
environment if because if you zoom out
on this weekly chart on the S&P 500
there’s clear huge consolidations that
do take place right they just happen to
take place in really nice areas of the
of the cycle for crypto like right here
right look at that in between the two
enironment I think that’s happening
right now is you know what what if what
if this traditional markets S&P 500
chart that we’re looking at what if it
actually does it now what what happens
then that’ll throw all these Cycles out
because we’ve had bull cycles post
having in traditional markets in times
past what if this thing just does it now
and we start falling for like the rest
of this year okay let’s take for example
this illustration for me this is all
this is all I need to see
let’s take the bare Market that just
happened for crypto this is what it
looks like at S&P 500 basically January
2022 to this low in October 2022 we’re
looking at 27% dip to that 200 we moving
average 27% dip on the S&P right and and
so it’s January 22 we go to the Bitcoin
chart zoomed out this is the monthly we
have January 2022 where is it right here
January
2022 look at that there it is there’s
the move basically that full year this
is the bare Market move for for crypto
and then what happened we bounced out of
there but let’s say we get just another
just the markets are crashing similar to
here let’s say it starts happening now
let’s say S&P 500 is is destined to
start making a move down to the 200 we
moving average right now that would be
like a 17% move for S&P 500 from where
it is right now and and keep in mind
this would be pulling into into the move
right so maybe not even that drastic and
then we’re getting consolidation and
markets are R in that case there’s a
very strong chance that Bitcoin could
also be red but here is here is the the
point to the whole thing and it is such
a simple visualization on the monthly
chart it is not
only even if crypto is going to
consolidate with a move like that in
traditional markets they’re just going
to
fall it’s not only that we’re at Bitcoin
having right and we’re at this very
bullish phase of crypto and Bitcoin and
crypto have already made just a power
move out of the baray market right
bitcoin’s broken all-time highs before
the Bitcoin having all that bullish data
the Bitcoin spot ETF data the bullish
news coming out of China data the fact
that governments are really getting
interested in crypto data put all that
aside just from a charting
perspective what’s happening if we do
get on the S&P 500 chart
something like this right remember
January
2022 look at this Bitcoin chart on the
monthly January 2022 what do you notice
the 20 day the 20we moving average way
above the 5050 we in all-time high bull
market basically end of bull market
territory when that
happened right now from a charting
perspective the 20we moving average I’m
sorry this is the monthly the 20-month
moving
average just crossed the 50-month moving
average that Green Line crossing above
that blue line that’s a an that’s an
incredibly bullish macro indicator
that’s the difference we are we are the
complete opposite of from a technical
analysis perspective we are at the
complete opposite of a bull market High
We Are triggering indicators that
suggest we are just at the beginning so
here’s what makes it so beautiful this
chart when you see the overextension
that Bitcoin has had because it’s been a
it’s been a really nice monthly chart
right even from all the way back here in
January 2023 almost like a year and a
half or so it’s been very nice we’ve had
overextension from the moving averages
but one thing I always say whether we’re
looking at a weekly chart a daily chart
a monthly chart like this when we get a
20 moving above the 50 it’s normal to
anticipate a consolidation I’m not
trying to put copium out there I’m not
trying to throw that copium out there
like all right we might be getting ready
to go down I’m just trying to make the
best of it this is just the way it works
this is just from a data perspective so
let’s say S&P 500 does does a really you
know does its thing and it actually does
dip there’s no case there’s no there’s
no guarantee that that case will happen
but I’m trying to put ourselves in this
really bearish environment because
people are getting freaked out a lot of
people are there’s High fear I see it
out there let’s put ourselves in the
environment Bitcoin on the the monthly
looks incredibly bullish even if it is
to dip and meet itself at these moving
averages and we could be in a m multi
month maybe it’s till the end of the
summer maybe just and it’s April right
now right so just think about this the
rest of the spring summer people are
just getting really down because
crypto’s falling but in my mind I’m
looking at this chart and I’m just going
to be like you know what the Bitcoin
having just happened the it we’re in the
opposite environment of a bull market
High we at the beginning of a Market
cycle let it dip let it get oversold in
a way that it’s never been before
because when markets bounce because they
all do I’m talking about crypto and
traditional markets here when they
Bounce It could absolutely
be ridiculous that’s in the downside
scenario right but I’m not I’m just
trying to I’m trying to macro zoom out
and bring all perspectives into play I
will be bullish in a big dip for Bitcoin
right right but even if you just go to
the to the zoomed in I’m bullish on a
continued dip right here right we have a
symmetrical triangle the the the target
is a lower 50,000 could fall another
$10,000 and bitcoin’s kind of revisiting
the Apex of this Rising wedge where
revisiting the Bitcoin bull market doors
that you see in yellow right there all
that would just be a normal Bitcoin
having bull market move so that’s that’s
still all of that downside Bitcoin could
still fall $10,000
and if we go back and we actually look
at like this dip all the way back here
in in
2016 we’d be in a very similar move to
what happened back there right and then
what happened next so either way
bitcoin’s consolidating consolidating
right now crypto is consolidating right
now if you go look at ethereum this is
ethereum zoomed out I just want to
remind you back there here’s a dip post
2016 having for ethereum falling on the
weekly and then what happened right so
right now bit crypto here’s ethereum
falling into Bitcoin having it’s
consolidating right now maybe it keeps
going I don’t know when you zoom out on
a chart it all just becomes very clear
Ada same thing Ada and I like ethereum
chart because it has that previous cycle
in 2016 Ada and many altcoins might be
like this a last cycle post having had
it made right we we just saw adaa go up
higher low and up right just up up up
maybe this pulls a 2016 2017 ether move
right where it has to consolidate post
of Bitcoin having right it will be kind
of the first time that happens for Ada
we see back here for ethereum it
happened then right maybe a is needing
to get a move like that but either way
everybody crypto right now is already I
think if we look at this weekly chart
it’s already cooled down right into the
Bitcoin having you can see ethereum on
this RSI the slower moving momentum
oscillator has cooled down out of
overbought we can go look at uh card Doo
over here same thing even more cool down
out of overbought if there will be more
downside we will be entering an
environment for
crypto at the beginning now of a bull
cycle where it’s incredibly oversold and
it is ready to pump like crazy so that’s
why a dip I don’t want right I I don’t
want a continue dip I I would really
enjoy just for higher highs and higher
lows across the board let’s go green now
but at the end of the day if crypto were
to were to continue a macro dip I just
wanted to put this out there that that
could be even more of a bullish trigger
for crypto that’s easy for me to say
because I I’ve been doing these videos
for over six years and the reason for
that is because I’m long term I’m here
tracking these Cycles obviously we zoom
out we zoom in on the charts all the
time here’s the daily I I really do like
to watch price movement this is
important to me what happens here but at
the end of the day everybody I’m a
zoomed out person right I’m here
tracking the cycles and anytime I zoom
out on a on a crypto chart it just
becomes so much more clear so I don’t
know how long you’re here for but I can
just tell you one thing it becomes a lot
less stressful and I don’t know why I
have 2013 right there it becomes a lot
less
stressful when you’re a long-term person
so those are my thoughts on crypto as we
start this new week uh let me know your
thoughts in the comments below please
hit the Subscribe hit the like I
appreciate you cruising through I’ll see
you in the next video God bless

Spontaneous video because I noticed something really obvious when I zoomed out on a Bitcoin chart. Crypto is bullish no matter how you spin it!

In this video, I discuss the contrasting perspectives of short-term and long-term investors in the cryptocurrency market. As someone deeply involved in crypto, I highlight the volatile nature of short-term trading, where sentiments can quickly swing from bullish to bearish based on recent trends and chart patterns. Conversely, I stress the importance of a macro, long-term view, particularly noting the cyclical nature of cryptocurrencies and their alignment with broader economic cycles, such as those illustrated by the S&P 500 and Bitcoin halving events. I use the S&P 500 as a guide to demonstrate how traditional markets can impact crypto markets and delve into specific cryptocurrencies like Bitcoin, Ethereum, and Cardano to discuss their current consolidation patterns and potential future movements. My aim is to provide a deeper understanding of why, despite short-term fluctuations, I remain bullish on the crypto market, emphasizing the significance of historical patterns and market cycles in shaping my outlook.

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Intro 00:00
Short term price volatility 1:00
S&P 500 and crypto bull markets 2:25
What if stock market crashes? 3:55
No matter how you spin it! 6:15
Ethereum and Cardano 10:45

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