BITCOIN Bull Market FAR From Over! CARDANO Prepares UNTHINKABLE Move!

BITCOIN Bull Market FAR From Over! CARDANO Prepares UNTHINKABLE Move!

Bitcoin having a little bounce on the daily chart just a little bounce nothing crazy crypto just trying to make that shift Ada on the daily chart as well you see the last few days on Ada chart on The Daily trying to turn around here in this video I want to break down as simply and quickly as possible what I think are the most important parts of the Bitcoin and cardano charts right now in the short term and also get a macro glimpse of what is going on right now the markets hit the Subscribe hit the like let’s jump into the video I want to start here by just putting out there my general sentiment very quickly I can’t believe people think the crypto bull Market’s over it’s hardly even begun stop following the her of emotions in every dip zoom out study Cycles prepare this might be a a post to myself to zoom out remember the cycles and just prepare so we’re going to look at the daily chart on bitcoin the price movement what to anticipate but I want to just look at something on the weekly chart if you look at this right now on the weekly here’s what we have going on Bitcoin falling out of the RSI and this I think will give a really good illustration of my thoughts on these markets and these Cycles this fall out of overbought depending how you look at it could be good or bad right this could be just consolidation cooling down finally just not not just overheated anymore for a minute and ready for the next leg up or you could look at it like man when Bitcoin was starting to fall down like this out of overbought area this was was like that first top in the last bull market and I think I think a lot of people see just a simple data point like this and they’re like man The momentum’s Fading it put in this higher high and now we’re just we’re falling the momentum on bitcoin it’s over bull market over but there’s a couple things I want to point out number one notice what just happened the Bitcoin having that is to say the beginning of this new cycle for crypto bull market right last time this was happening all the way over here past the 2020 Bitcoin having but what I want to do is I want to go back here because there are there have been an increasing amount of similarities to the 2017 kind of charts 2016 and 2017 charts and what I want to point out to you is this when Bitcoin went through the Bitcoin having in 2016 right there you can see it Consolidated around the 20 and it broke through those bull market doors now the bull market doors in case you’re unaware is the bull market High the bare Market low and it’s just a Fibonacci that green area lower high Fibonacci resistance area but once once it’s broken some crazy things usually happen for crypto historically so what Bitcoin did though was it retraced to the bull market doors in the 20we moving average but I also want to point out what happened on the RSI here look check out the RSI RSI fell pretty hard at that moment to around 53 it was overbought right even actually had some bearish Divergence check out this lower high on the RSI while bitcoin’s putting in a higher high right some bearish Divergence and Bitcoin fell pretty drastically was at the end of the bull cycle all while it was testing this top over here it’s like a double top right it looks terrible end a bull market no it was consolidating to the 20we moving average to the bull market door area and then it continued into the bull market you can see the RSI had another leg up there could be such a strong case that the same thing is happening right now in Bitcoin you can see Bitcoin not even as low if we zoom out not even as low as it was on the RSI back here in 2017 but getting there but all the while what’s it doing it’s retracing to that 20we moving average in green that you see here there’s the bull market doors this cycle it’s retracing to that area and let’s let’s pivot to the daily chart and we’re actually going to look at the 2017 charts in that move on The Daily and compare it to what’s going on now it gives us a really nice sense of what kind of downside there could still be in store this might not be the the shorter term bottom right now I know we want this to be it we want Bitcoin to just now make its way to higher highs higher higher lows to all-time highs there could be a little bit of downside I want to discuss that but check out what’s going on there’s our bull market door area in yellow that you see that macro area there’s a 200 day moving average down here around $50,000 and we do have a technical Target out of the symmetrical triangle in the lower 50s right 52 53,000 all of those things are just normal for Bitcoin right now uh we would like to see the bounce to the upside now if we go back and look at this chart back in 2017 and the move check out Bitcoin on the RSI I want to point this out RSI right here bottomed out but notice Bitcoin actually needed to put in one more swing low while putting in a higher low so some bullish Divergence here on Bitcoin in that move just above the 200 day moving average I bring that up because there’s a case especially because we have this target still to the downside out of the symmetrical triangle there’s a case Bitcoin maybe it fix us out a little bit to the upside but boom one more leg down there’s a case for it right to maybe get closer to that Target maybe allow the 200 day moving average to pull into Bitcoin just a little bit more and maybe and I don’t know how it would play out maybe depending on what Bitcoin does in the next really probably a couple days or so maybe some bullish Divergence right Bitcoin probably needs to make a little bit more room to the upside before and then get that big move to the downside maybe putting in a higher low on the RSI but there’s room there right there’s room for continued consolidation right now so I think the point what I’m trying to say is for me I’m not getting faked out right now right I’m waiting for certain things to happen before getting that bullish confirmation and a really big thing is very simple for me this 20-day moving average and the 50-day moving average I want to see Bitcoin at the very least test it again I don’t know it could be today in a huge massive green candle it could be in a few days whenever what happens at the 20 and the 50 because we we can see an environment where Bitcoin just seeing lower Highs at that area and faking us out before for going lower right it could really be a game of patience at this point but I digress from that and I say you know what Bitcoin having just happened I think this is a healthy consolidation look at this this is weeks of consolidation and I think Bitcoin is just preparing for the next leg up so that’s Bitcoin that’s what I’m watching on the short term the target’s just by the way to the upside if bitcoin’s going to test that moving average a 20-day moving average around 63 I’m not getting excited until it’s breaking that area and then the 50-day moving average around 66 so we have a little bit of a ways to go for Bitcoin around 10% of a move for Bitcoin before things really get interesting going over to cardano real quick before we dive into cardano CHS I saw just this paragraph on this article I think this was the other day addresses containing between 100,000 100 million Ada have been steadily increasing their Holdings since the beginning of April this accumulation by Wales could be a positive sign for cardano’s future price indicating their confidence in the Project’s long-term potential I think AER just says to me you know what and this is a monthly zoomed out when I sat down to do this video I had this on no indicators no drawings no nothing just zoomed out in the monthly and I’m like wow at this point of the cycle let me bring it let me bring in the drawings now because I say this point of the cycle the Bitcoin having just happened compared to this point of the cycle right last Bitcoin having just look at at cardano from a macro perspective the cycles of cardano I think cardano is just getting ready to flip into its bullish season and it would make sense based on the the whale data if whales are accumulating they’re getting ready they’re probably seeing this as well and and and cardano truly has not done anything out of the ordinary although there’s a ton of negativity about it right now out there in crypto land cardano is is exactly on Pace if not a little bit better than last cycle last cycle at this time down around 94% this cycle right now at this moment down around 85% or so let’s dig into the charts though and talk about ADA so the first thing I want to talk about is weekly and then we’ll dive into daily and just talk about the shorter term price movement of cardano on the weekly the biggest thing is this the Bitcoin having last cycle right here cardano was you know made this really nice move to the upside and then it Consolidated between the 20 and the 50 I think this is a really definitive moment for cardano exiting really the bare market right all this be structure down here really definitive moment what happened here between the 20 and the 50 moving averages and earlier it’s happening earlier this time because this move to the upside and now retracing two between the 20 and the 50 this time around exiting the bare Market bottom formation it’s happening earlier this cycle but I think this move is is going to be this Cycle’s definitive moment that’s not to say that that this 50-day won’t fail I’m going to talk about that on the daily but check this out this is really what we want to see is cardano bottoming out forming some type of solid structure between the 50 and the and the 20 and right now and I don’t know how this week will this weekly candle will close there still 3 days it’s as I do this video right now it’s looking good but this could change for the worst very quickly you know how crypto is but check out this weekly candle right at the 50e moving average right around 42 cents at bounce and you can even see it tested this a few weeks ago these like one two three weekly candles ago same area at the 50 we moving aage average if if Ada can bottom out between these two moving averages in a similar fashion to last cycle and notice notice this is the Bitcoin having this was months later this happening so notice that it’s way earlier this time and we’re not as low right in terms of where we were at the having last cycle at this time this would be very this would be very bullish for for Ada and this is a range I’ve I’ve really been watching and if we go to the daily chart this is where that question could would be answered right and this is where it could fail and we have to be I I have to be very realistic with this data especially because a couple things happened right 20 day moving average Crossing below the Blue Line the 50 and the 200 the red line and we broke out of this structure this Rising wedge and the target to the downside is unfortunately around 30 cents to lower 30s for ad so if you go back to that Weekly there goes our 50 we we moving average that’s not me saying man Ada will fail at that point it’s over but that’s just me saying we won’t get that similar consistent bullish move that we got last cycle and when I track these Cycles one thing I really enjoy about the Bitcoin charts it has been so consistent in doing so many similar things so when I’m looking at Ada with less data I would like to see a consistency right so I would really enjoy seeing Ada bounce here break above the the 20 and really just kind of take off even if it makes us wait a little bit longer just it would be great a bottoming out formation in this area but if we hit that daily Target down here guess what that that 50 50 we moving average will fall and then we just have to talk about what happens now at the Apex of that that descending triangle this would be a throwback to the triangle and maybe that’s the move we have to endure through uh as crypto does its thing consolidates because I am quite sure if a is falling to those levels crypto in general will also be crashing as well so here’s where we are on the daily though can Ada pull off just the unthinkable and that is to say couldn’t bottom out one thing I like about the daily chart I think I posted this on X the other day one thing I really like about the Ada chart right now and this this isn’t this is one piece of data is if you look at the RSI slower moving momentum momentum oscillator here on the daily check out this higher low on the RSI and you can just see Ada kind of just you know putting in a double bottom at that moment right so there’s there could be a true momentum swing happening right now with Ada and then we do we take we take that data about what what whales are doing right now and we take the data about what’s actually fundamentally happening despite all the misinformation out there about cardano cardano is in a very Prime position to do something Spectacular from a price perspective so this is something I’ll be watching now what what can we see if we continue to get this higher high higher low movement on the RS side we’d be watching the 20-day moving average not only the shift to the upside but adaa just breaking all these moving averages now because they are getting quite close to each other the 50-day moving average is right around 56 cents the 200 is right around 52 cents and the 20 is right around 47 cents just above where a is right now so that range 47 to around 55 is a big key range for Ada right now can Ada break above those areas and get this pull back to this lower trend line where adaa fell out of the downside we get this fake breakout to the downside we pull back into that that Rising wet and then Ada begins its journey to a dollar plus this could be the bullish case for a right there on the screen we have to watch crypto markets I I really don’t know what’s going to happen this is why I have the technicals the charts I like anticipating more you know downside scenarios we have it I like anticipating upside scenarios I have it and I sit here and I say am I ready for both and then I can walk away from doing this video and say you know what I am ready for both and I can go do other things and not be obsessed with checking the charts that’s why I do technical analysis so these are my thoughts on bitcoin on on cardano let me know your thoughts in the comments below I’m being very cautious right now waiting for things to truly bottom out but there is there’s some hopium out there on those charts if you look closely please hit the Subscribe hit the like I’ll see you in the next video God bless

In this video, I discuss the recent movements and potential future trends of Bitcoin and Cardano in the cryptocurrency market. I start by noting a minor bounce in Bitcoin’s daily chart and mention a similar trend in Cardano’s performance. My primary focus is to simplify and quickly break down the most crucial aspects of these cryptocurrencies’ charts, particularly in the short term, while also providing a macro perspective on the current market situation. I express surprise at the notion that the crypto bull market is over, emphasizing the importance of not succumbing to emotional herd reactions during market dips, and instead, advising viewers to zoom out, study past cycles, and prepare for future movements. I delve into technical analysis, highlighting significant chart patterns and indicators such as the RSI levels, Bitcoin’s halving events, and Fibonacci resistance areas, which I refer to as “bull market doors.” I also cover the accumulation data among Cardano whales, suggesting increased confidence in Cardano’s long-term potential. Throughout, I maintain a balanced viewpoint, considering both bullish and bearish scenarios, and conclude by reminding viewers of the importance of patience and readiness for any market condition. I encourage engagement through likes and subscriptions, and end with a note of optimism mixed with caution, emphasizing readiness for all possibilities in the volatile crypto market.

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Intro 00:00
Crypto bull market just beginning 00:30
Key Bitcoin weekly data 00:55
Bitcoin price on daily now vs 2017 3:40
Room for more downside 4:25
BTC targets to upside 6:00
Cardano whales buying 6:35
Nice monthly Cardano chart 7:20
Cardano weekly needs to do this! 8:00
Can Cardano do the unthinkable? 11:30

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