Aftermath of the Crash, Bitcoin, Altcoin Market & XRP, Biggest Liquidation in History, Looking Ahead
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Hi, I am the Blockchain Backer, bringing you the latest cryptocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.
DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions. Any affiliate links in the description of these videos may provide a commission if you decide to purchase their products. I appreciate any and all support of my channel, and without you, I wouldn’t be here. Thank you.
46 Comments
Blockchain Backer Newsletter – https://blockchainbacker.substack.com
Blockchain Backer's Technical Analysis Toolkit for Crypto – http://www.BCBacker.com
Blockchain Backer 702 Digital Art NFT Collection on XRP – https://nft.onxrp.com/collection/blockchain-backer/
Hi, I am the Blockchain Backer, bringing you the latest cryptocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts.
DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions. Any affiliate links in the description of these videos may provide a commission if you decide to purchase their products. I appreciate any and all support of my channel, and without you, I wouldn't be here. Thank you.
Thanks for keeping it real mate 👍 I think your right this market is done.
Thanks BCB 🎉🎉🎉The institutions are officially here
Youre the real OG of this market. Thanks for all you do for us man.
Still real nervous about this impulsive little bounce off the lows… as i can cleary remeber every dip in November 2021 all of CT was screaming buy the dip, alt season inbound. Not to say that there wont be an alt season. But, I sold 2/3's of my portfolio after watching your last viedo in 'bear week'. And consonlidated the last 1/3 into XRP. Which i plan to sell in this bounce. Capital preservation are the words that are ringing in my head after this video.
Ive kinda come to terms with having to trade against the crowd after watching your content over the years. Deep down inside , i dont think this time will be different. I sure hope im worng. Just can bet against all the signs macro are giving us from metals and the DXY. If we see a real breakout in the Russel ill enter 50% of this capital back into alts.
Much love OG
Thank you for the video
Glad I listened last week, thanks BCB! Are you still 50% in the market?
So glad I sold 30 percent off my portfolio
This sucks
That wick almost hitting 1.5 seems very 2017 for me before pumping up.
Dude, keep doing what you are doing, don't listen to the people that is always complaining, i think you are a great analyst, i followed your advice and change some of my portfolio to stable coins, and guess what? that was the best play. I agree with you, unless we see new ATH for several coins, ill keep my money in stables. i think ill move more of my portfolio to stable coins until there is a massive change. Keep sharing info in X. trust me, most of us are listening, and we are grateful for your info. 👍👍👍👍👍👍👍👍
Spent 10 hours charting and programming limit orders yesterday. Needless to say, my wife was not happy 😂
But we do what we gotta do to get through this! #cryptolife
Stock market is open…Bond market is closed.
Market is open on Columbus Day FYI, bond market is closed
Truly the Goat, called the top structure to a T on Bitcoin and ethereum in 2021. Against my wants, I took a lot of time not this prior Saturday but the Saturday before to really deep dive into your bearish argument. Glad I did, and made my decision. Appreciate everything you do man! It has helped me so much over the years. Been following since jan 2021
Hey BCB, I've been a follower for years (I got into crypto around Aug 2017) and I've noticed in the first few minutes you mentioned that if we compared covid to this, it's not a good argument because we were in a prolonged bear market for a couple of years. 2:31 you showed XRP's chart as evidence of that. Maybe for the alts that tracks but for Bitcoin, the bottom was in 2018 at around 3k. And if we use Bitcoin as our map more-or-less, and we're following 4 year cycle logic up until this point, then Bitcoin had already bottomed and recovered to hit 13k in 2019, before covid happened.
We also know XRP tends to be a laggard during the majority of the cycle and doesn't always move with bitcoin until the end so using the XRP chart wouldn't be the best evidence to back up that, right? I'm open to being wrong, I just noticed that as I was watching. Someone else may notice and have questions as well. Ok I'll watch the rest now.
Thanks for always helping!
I took 30% profit a few days ago before the crash, I'm glad I did.
Thank God for Blockathan C. Backerson 🙏🏽
Markets are open today…………….
BCB! Dude! You are the man, my brother!
We all know the shit you take putting out this content. We all thank you, and appreciate you!
Fuck those motherfucking haters! They can’t touch you man!
You’re one of the very few in the space that puts out real content. Real truths.
You’ve been right for years! And you were right again! Lol maybe one of these days people will learn. But probably not.
Sold half of bag at 2.50-2.80. If xrp topped at 3.67 and most could logically sell around the trading range of 3.20-3 then selling around 2.60-2.80 or 3 is only 30%-20% from the top. Especially thinking in terms that entries were pre pump around 50 c or lower then you are up 5x average and are risking all that downside while only missing that 20-30% from the top. If it keeps running then well the rest of portolio can run but capital is preserved in the opposite case. It was a hard decision but i think it was the smartest as ive been through two bear markets and its not fun watching a dying bag.
It seems that the stock market is open today. It’s the bond, options and futures markets that are closed.
I really apricate the view. BCB
My theory is right now there's so much uncertainty in the markets. We look at gold and silver ATH its a hedge against a broader sense of uncertainty and defensive plays in markets right now due to the uncertainty over tariffs. We hear consistently, retail getting in but, that typically that happens later in the market and we're not seeing that. I'm not disagreeing with BCB.
How can we expect to have moves to the upside where the risk is still very evident, based on the macro out look and while I agree, we are in a very precarious position.
I feel we may go lower as some form of deeper correction. While we look at market timing, and bull run days the significance of ETF's are giving us a false signals with elevated prices of BTC that were in a bull run. Where as in late 2023/ early 24 BCB said we were in a retracement, I still think we are there.
I feel crypto is going reaccumulate until the markets display the confidence required for a bull run, the 4 year theory halving's etc is just a wonky pattern displayed by the past. I believe crypto is moving away from the past market conditions due to ETF's and the false signals they are creating.
This is more a perspective but one I don't form with certainty just an overall perspective.
Man is the goat!!
Stock market is open today. The banks and bond market are closed.
Hey brother, just wanted to say thank you!! I rarely ever comment on YouTube, but you saved my ass!! Among other warning signs (like Kramer telling everyone to "buy crypto"), I used your recent videos to determine the risks far outweighed the reward at this point, unfortunately, and cashed out completely several days before the crash after years of holding. Perhaps those WERE the best buying opportunities of the century in the liquidation event, but again, I'm playing it conservative and will see if the bullish scenario plays out and then likely enter at those higher, safer levels. Thank you so much for helping us all navigate this crazy market. I have watched hundreds of YouTubers, and you are literally the only one I have found that is as genuine and actually understands what the hell is happening.
Oof
Another excellent video from BCB. I always value your insights and analysis. Thank you!
Followed your 50% sell signal and saved myself well over 100K last week. Now I can look for entries and have more capital to work with. Thank you BCB.
Thanks, BCB for your sound reasoning and warning the community ahead of time. This sure was a tough week for all of us but could have been much worse. Keep up the good work.
You don't get the appreciation that you deserve, sir. Thank you for everything. Looking forward to the bear to buy buy buy!
If this is the start of a bear market, would you be able to chart out and tell us where the bottom of XRP may end up being during this bear market?
I’m out. See you in 4 years when rates are at the bottom
Lurker since 2020, if things go bad I will probably round trip my bag again just out of paralysis, none of this is your fault just doesn’t matter how many hours one watches you when things go fast feels like no amount of training can prepare you to beat the mental hurdle.
God bless BCB ty for what you do, regardless of the outcome you have taught us all so much.
It doesn't make any sense to me. Been here since late 2020. BTC.d is near all time highs so this time we will go into a bear market without BTC.d dropping and no rotation into alts?
Xrp 30days to Ath ❤
That crash was so intense. ive never been more bullish . Valhalla here i come
No mention of the trad markets, no mention of the RTY. What if the RTY gets back above 2500?
What about global liquidity and other macro economic factors not just simply zooming in on chart analysis?
Bcb you’re the man! Appreciate you !
Clarity Act…..XRP ETF's …..helloooo
Thanks for your input. Something I've learned from a well known futures trader is that confusion is a Hallmark of a trading range. The market currently has a lot of trapped in or trapped out traders.
The worst thing anybody can do is take action in the middle of a range. Because now market participants are looking to buy low and sell high with limit orders.
Love all your work, and if it wasn't for your video the past weeks, I wouldn't have placed a stop. I told myself I can always reenter!!! Now it's very difficult just waiting for further price action 😅😅
Could you see the Dash and Zcash charts for any confirmation of the bear or bull market
It was 50/50 my chips stayed on the table, comfortable in Spot, long term hold as the original plan. Noone can really predict this market with market cap we are at now and the amount of leverage out there. Love to the community that got burned and those that are happy with their own outcomes
Amazing video! Thank you for showing both sides and sharing how you’re processing it. So much value!
Sold all XRP in early Dec. 2024.
My bad, bond market is closed, stock market is open today. 👍🏻