Bitcoin, the death of crypto is happening again – this is next

Bitcoin, the death of crypto is happening again – this is next

welcome back guys we’re out on location again for another update today the death of cryptocurrency one of the most favored titles that we’ve had over the last month and I am going to talk about the death of crypto right now it’s happened before it’s happened several years especially in these months as well what we can do about it what I think’s coming next how much longer has this got to go and what does it actually mean so I want to cover that when it comes to cryptocurrency and of course BTC uh tomorrow’s video I believe I’m going to go into more detail with Bitcoin and specific price levels that we are watching again on the macro I’ve gone through a lot of short-term stuff so yeah that’s what I got coming up definitely stay tuned cryptocurrency the death of and what comes next so yeah Smash Up the likes thanks again for your support on the channel With No Nonsense titles and thumbnails I hope you are enjoying all of the views out here beautiful Bly day I had to get outside yet again all right so that’s enough of me talking about the intro and appreciating all of your support the death of crypto well over the last two months since the peak in March we have seen the death of crypto yes I hear you it’s gone down it’s a correction it’s not a collapse it’s not over yada y yada the idea of the death of crypto currency is that the feeling and the sentiment around the market is that it is dying out and that there is no use to it anymore uh there’s not going to make any money it’s over you had your chance if you didn’t get in it’s all over that happened every single cycle and to kind of jump to the point first up in the video I’ll get into some more macro stuff as well when it comes to traditional Finance because we’re seeing some pretty healthy signs there the um this stage has happened before as an example 2020 we saw a move up so I’m looking at the total cryptocurrency market cap now so you know uh if we can picture that there was a nice move up there towards the middle of the year around that summer time then it pulled back and it stayed underneath those highs for several months it was about 3 months from September 2020 until November when we had the election and Trump was elected the rest is history from that point so that period while it was underneath those highs really felt like most had missed out on their opportunity to make their Millions from crypto and they left the space that is the death you see that they have sold off or they’ve forgotten about it they don’t this is investors that is they don’t continue to follow up with it and they basically leave they only come back once they see the rebirth and the birth of crypto again or the um uh pushing to new fresh highs and you’re seeing all this sort of you know Market excitement and uh views have come back and interest comes back and all that sort of stuff they miss out yet again and when that happens the next time so when we see a correction the next time maybe that’s in 2025 right they might stick around but that might be the dip that pushes the market into a lower high which then becomes the complacency bounce and the market dies off from that point so apologies about the wind absolute beautiful day let’s carry on so in terms of where we sit with that we might be about a month into it however we are starting to see some cryptocurrencies as I’ve alluded to many times put in higher lows to me these are the ones that we should be following the leaders we don’t want to necessarily follow the laggers now there’s one extra rule I want to add to that and that is you don’t want to see your cryptocurrencies fall back into the accumulation Zone that they put in through late 2023 now they can go below the 50% levels they can drop below their swing bottom of April so there was a low for many cryptos around the 12th or 13th actually was the low of April Bitcoin made a low on the 1st of May if they go below that it’s not the end of the world I saw some people saying well you know you can still get stuff that goes there yes that is true it can still go that low it might not be as strong as some of the others that hold their ground because they’re holding their ground for a reason there’s strength there for a reason and if there’s no strength well then you just have to wait for more of that strength to come back that’s the idea about supply and demand and why you focus on a chart as opposed to a lot of noise so at least that’s my style that’s my style of analysis but if it goes into the accumulation Zone that happened in 2023 so before everything broke out around sort of October November of 2023 if it drops back into that zone that is a warning sign that that crypto might have had its good times so the good times may be over for it now I’m not saying it’s not going to go up at all but it probably won’t get the same sort of gains as many other cryptos that are holding their ground now will have so yes they can break down from their 50% levels they can I don’t like it but they can drop below some of their lower swing oh sorry their higher swing lows on a more long-term scale here say on the weekly chart they can do that because altcoins are obviously far more volatile but one thing you really don’t want them want to see them do is drop into their accumulation Zone prior to this recent pump so that’s alt coins that’s the death of them and next is looking at the time frames so the time frames from this point forward as I said we’ve probably hit a peak somewhere around mid-march as definitely on bitcoin we saw a peak there mid-march about better lighting 14th of March was a top April started to come down and now we find ourselves getting closer to miday without a new top 2 months fancy that that’s what we on the channel were talking about in March early March late February when this things seemed way too hot and they needed to cool off we had seven green months 6 months up in the swing yes uh hang around on the channel understand what the swing charts are and it just takes time for the market to recover from that sort of enthusiasm you’re not going to have like a bender every weekend maybe some of you do maybe some of you go out partying every weekend eventually it catches up with you and you need time to rest that’s all that was it’s I say it’s 6 months imagine going on a bender for 6 months straight you need to have some time to rest from all the partying that you’re doing and you definitely see the partying at the top so everyone’s so excited things are going ballistic and it needs time to cool off so Bitcoin cryptos I’ve talked about it death of crypto the the thing that happened next is I think we take a few months off here so I did some figures looking at the data the analysis suggesting that it could take some time as I’ve looked at many months we’re down we’re up to 2 months now so you know if this thing lasts another month or two before we get to a new alltime high so be it and it basically meets the criteria again of every other time that was cooled off from significant um significant tops right even April 2021 had a peak it corrected into May then into June and then it took July to form a higher low August September were reasonably good months heading up and then obviously the final Peaks were October November the top was in November but essentially all the move was done by October so that was to get to that final all-time high I don’t think we only have 5 6 months left of the bull market obviously we’ll have to wait and see to be sure um so yeah I I don’t want to sort of kin anyone to think that there has to be only 6 months 6 months left and that Bitcoin only can go to 150 Grand you got to be flexible and we we will be um fluid in how we view the markets when more information comes our way so death right now I think is a fantastic opportunity as I’ve been alluding to for a while finding those all coins we’ve talked about a few on the channel I just ran into a follower at a cafe yesterday and she said she had left the markets so they’ all Fallen maybe she’s watching if you are I’m not picking on you soever a lot of people do this so thank you very much for letting me know because you just sort of see it happen time and time again and essentially the market were down so it’s like I don’t want to know about it I’ll just I’ll look at it again when when it goes up that would obviously be the worst mistake to make and I think a lot of you guys get it so I won’t bang on about that too much that essentially is another sign of the death of the market now another sign on top of that the death of crypto is the Google Trends the search volume for Bitcoin search volume for crypto obviously well and truly down now in the last cycle when we did see that first rally it took several months until the the search volume came back to significant levels that were was able to push the market back to Fresh highs so that’s why I still maintain that there could be quite some time until Bitcoin makes it back to New alltime highs the same deal for the total cryptocurrency market cap some cryptos might actually make it back to New all time alltime high sooner than others render seems to be uh a pretty good leader at the moment wait and see but it seems to be a pretty decent leader there and I’m sure we’ve got your own leaders in the space as well when it comes to your altcoin portfolio but stuff that is strong stuff that is leading is likely going to continue leading no guarantees there’s never a guarantee but it’s just likely the probabilities are more in your favor so you’re better to do that than going to be an xrp whatever and pick up the crap from someone else that’s dumped it over the last several years and they continue to dump it time and time again so yeah I I only see good things coming for Bitcoin and crypto while we maintain this higher low as for the traditional markets a quick recap there the UK another all-time high I posted that on the video yesterday so just looking at the broader picture here to see whether we still see strength in the overall cycle because you still need to see that for Bitcoin and cryptos I know other people have different views where bco and crypto will um you know break the cycle and they won’t be heading up while the rest of the traditional markets do I I can’t see that happening for quite some time um so yeah we’re still seeing strength in in the stock markets the US and the NASDAQ also had another um higher day so an up day another higher price so will the stock market’s correct there is obviously a high probability that they do do they go further down I don’t think that’s really the concern anymore because we’re basically working on establishing a trading range until they’re able to push higher so that is still all within the cycle overall the 18.6 year real estate and economic cycle don’t get confused with the stock markets they’ll also continue up but the main um leaders here would be real estate okay so looking towards the next couple of years of higher prices which so far it’s continued to work out as per the cycle has uh has suggested so yeah stock market’s up UK uh Germany’s also doing pretty well so the biggest economies in the world uh we went through SP the NASDAQ I checked off this morning the US dollar still holding ground there at I think it was 104 last time I checked but it hasn’t broken down yet so that’s still putting a bit of pressure onto assets as well uh I think we have covered just about everything so make sure you smash up the like hopefully enjoyed the view out here there was a shark out here this morning for anyone interested just over there actually in burle so if you guys are surfing be uh be safe there is uh there are shark sightings out today and they were out the back okay I was just surfing in the sh here cuz I’m not interested in going out the back with the the fish bait yeah fish balls whatever they are at the back there so like again thanks again for your support on the channel and I’ll see you guys back here at the next video with another non-nonsense title and thumbnail with another major update so enjoy the death of crypto I think it’s going to be a fantastic time to be accumulating the strong stuff I think there’s still another cycle to go but maybe next time around in 6 12 18 months whatever that next move is those who get in late are not going to be as lucky you’re one of the lucky ones see you in the next one peace out

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PS – A common response to stock markets in ATHs is “This is a sign that a collapse is near”. My response is yes, it is a symptom of a collapse but the timing is the issue. Now is not the time for a worldwide collapse. The Everything Bubble must do its damage first (to the upside) for a major collapse to unfold.

Video Description:

My 20 minutes or less “thoughts on” the markets today.

The masses always arrive too late to the market cycle and stay too long. It happens every single cycle without fail. Avoid doing what the masses do when the buy and sell bitcoin and crypto. In this video, we analyse what is happening in the traditional markets, SP500 and economy right now including interest rate cuts and hikes, along with when is a reasonable time to take profits on Bitcoin and what strategy I am using with my bitcoin profits in the crypto bull market cycle.

Like and Share if you want to inform your friends and family.

*I reserve the right to adjust my outlook as more information and data come through for Bitcoin.

➢ 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