Bitcoin will PUMP but first we see “the death of crypto” (it’ll be sweet)

Bitcoin will PUMP but first we see “the death of crypto” (it’ll be sweet)

all right guys welcome back we’re on
location again beautiful Gold Coast
Sunny one day and sunny the next uh Bly
Beach here we are let’s dive into it the
update today Bitcoin will boom but first
the uh death of cryptocurrency hear me
out I’ve got some explanation to do of
course and I’ll make this one relatively
quick because well there’s a pretty
simple understanding to how this plays
out and I’m very much appreciate you
guys uh showing a lot of support to the
channel smashing up the like button even
when the views have dropped off with
this period of the market with how quiet
it is and boring and dying out it it
it’s uh going through we’re still seeing
pretty decent uh engagement with the
video so much appreciate it if you are
new to the Channel Make sure you do hit
the Subscribe button the guys down below
in the comments section will let you
know uh that they wish they found this
channel sooner all right enough of my
own trumpet toting here let’s crack on
with it first quick recap of the
traditional markets just out in location
here S&P 500 NASDAQ Dow Jones all had
their second Green Day in some cases
they’ve had 2 days up and I think for
the the NASDAQ it was an inside day an
update what does that mean essentially
still need more time to decide whether
this is the bottom that the stock
markets have seen or if we’ve got a
little further to go either way they’ve
seen a single digit correction and and
the seasonality of this period had shown
that we were going to go through some
sort of Correction and potential trading
range that could last a few months what
does this mean for Bitcoin and
cryptocurrencies well if these markets
die off essentially the investor hype
loses some interest you expect Bitcoin
and crypto to also lose some sort of
Interest we haven’t seen the really
strong rebound for Bitcoin and crypto
especially with their volume especially
with the trading volume as well so what
the retail investors uh where they would
be trading we haven’t seen a lot of
volume pick up on those exchanges so
that’s something that I definitely keep
an eye on uh in this period we typically
see the highest volume around the Peaks
it’s exactly what we saw in March as
well and at the time we were looking at
a lot of metrics suggesting that that
was going to be uh potential top or Paws
uh it wasn’t popular at the time so you
know if you weren’t following then and
you um you know only seeing this now
great follow along uh we’ll continue to
update you with stuff that I guess the
uh the old oaces don’t want you to hear
or they just don’t see any value in
telling you because well it doesn’t do
anything for their bottom line they need
to be making money off clicks okay so
anyway traditional markets even if this
isn’t the bottom it seems like we are
somewhere around that period I’m very
cautious of saying that it is the low or
it isn’t low because at the end of the
day no one knows what what’s going to
happen in the market we’re just trying
to work off probabilities and hopefully
swing the probabilities in our favor and
so far we’ve been doing relatively well
with that and you know good things come
to those that have patience and that
continue to follow up on the objective
data rather than the uh subjective stuff
and getting hyped up with the emotions
so cycle and the seasonality suggests
that we could see that sort of late
quarter 2 or quarter 3 um until we get
closer towards the
election and in which case what we’ve
seen pretty pretty much most elections
as I pointed out on the channel is that
you’d see the market die off again
leading into the um election I was going
to say recession we know have one of
those and that’s very important to
understand too after the election you’ll
start to see markets pump so that would
be quarter 4 probably the you know
November December period right now
looking at recessions incumbent
presidents that have had a recession in
their Year have a 20% chance I mean I’m
trying to remember this all all off the
top of my head but it was a really low
probability of getting reelected and so
I think what’s going to happen is you’ll
probably see the fed and everyone else
do everything in their power you know
basically more spending to keep the
president in power that’s essentially
what happens with this um you know with
the presidencies and the elections so
there’s a much higher chance it was
roughly 78% or 80% chance that this the
current President Biden would get
reelected if there is no feeling of
recession or less feeling essentially of
recession now we had huge feelings of
recession in 2022 and 2023 so luckily
they didn’t have the election then but
there’s obviously less feeling of
recession now so it might be uh more in
their you know for for their interest to
be able to get reelected this time round
either case whoever side you’re on I
don’t care it doesn’t matter they all do
the same thing over and over again
that’s a story for another day when it
comes to um politics but essentially
it’s the same nonsense over and over
again which is why the 18.6 year cycle
continues to repeat that might be
something that we can continue to talk
about as we get closer to the election
as per usual markets are up Cycles are
up bin will boom so we’ve got that out
of our way looking at what’s what I
think anyway from my analysis is going
to happen for the the stock markets
whether we do go into this bit of a um
Tri sideways churn you know not reaching
new all-time highs which is really where
the retail Market gets super excited
about the market um which could lead
Bitcoin
to dying out as well we haven’t seen the
volume come back we’ve seen the 67k get
met today it got rejected just slightly
we might see a little bit higher so we
got to you know keep our wits about us
there are targets to the upsid 69k is
next and 71k which is where it’s been
rejected from before so super important
uh numbers to look at but for
cryptocurrencies the old death of crypto
typically what we’ve seen with each
cycle previously so we’ve got a couple
of Cycles to work from now but even so
you can see Cycles within cycles and
from these times if Bitcoin is to die
off you typically will see cryptos also
die off and they’re dying off against
their Bitcoin value now you might
remember in the last couple videos said
now might not be a bad time to be
looking at dcing into cryptos I say that
because well do you want to be getting
into crypto when everyone else is
getting into it and they’re all pumping
or do you want to be getting into them
when they’re potentially trending around
some sort of bottoming pattern knowing
full well that they could go lower but
we have seen many cryptos down 60% from
their highs that’s 60% in USD value and
60% in BTC value so when you compare
your alt against Bitcoin so I’ve I’ve
talked at length about finding a strong
versus your weak cryptocurrencies
subscribe to the channel hit that like
we are doing pretty well very well
actually trying to beat the YouTube
algorithm and the typical YouTube oaces
and warnings and watch this video now 24
hours to go cryptic candles uh you got
to get into it all that sort of jargon
right we’re doing very well because you
guys are hitting the like and sharing it
with friends so that we can see this
type of content so what actionable stuff
can we take from this so Bitcoin is sort
of cooling off it’s been up 6 months in
our swings seven green months that’s
massive massive massive moves there’s
still more to come I still think there’s
a wave five to come a big move to the
upside but if we get the cooling off
then we can potentially see cryptos down
further uh more great uh entry
opportunities but you’ve got to pick the
right ones you’ve got to be getting into
the right ones and of course as I’ve
said I looked at the strong versus the
weak in the last couple of videos so
I’ll leave a link to those at the end of
this so that you can follow along there
um that uh those price points for
Bitcoin the breakdown of 59 is obviously
a key level the pre the levels below
that roughly 56 and 53k does it get
there who knows right but as long as
you’ve got on your plan there is a
possibility of that then you know what
to do um get in a little bit where you
feel comfortable and then have some
backup if it goes lower then if it
doesn’t go lower you’ve got that backup
to enter on confirmation of the uptrend
that is the beauty about being a Trader
and a you know medium-term investor
you’ve got opportunity no matter what
you don’t have to worry about it the
biggest thing is you don’t get these
opportunities um so often say for
cryptocurrencies so choose the right
ones you’ve always got an opportunity
something’s going to pop up just make
sure you get into the right one so we’ve
talked about that plenty of times so the
death of crypto previous cycle for
example 2020 uh salana as an example we
saw salana fall 90% in usdt value USD
and in Bitcoin value through the second
half of 2020 this is what the death of
crypto looks like 2023 we saw the death
of crypto through the the low in June
and then to the low in September there
was also a quick dump in March which was
the old banking crisis so there’s plenty
of potential deaths in crypto coming up
this is all the death in crypto is it’s
where I said you know hear it out you’ll
see it over and over again if there is
multiple days down then you’re going to
see uh
multiple uh videos of um the the
possibility of collapse right so that is
something else to look out for in that
period though most people think that
it’s over and that we’re not coming back
from this particular drop many cryptos
won’t a couple of narratives couple of
sectors that I like obviously AI I think
that one there has to stick around mean
coins it has pumped but they’re still
holding it relatively strong and I’ll
get into those when I go back into the
charts but I just love being out on
location here sound of the Waves
beautiful right mean
coins what I’m noticing with gaming
there are some that are going but it
seems like the talk is louder than the
walk when you especially look at uh uh
YouTube and and on X the talk about
gaming going up seems way louder than
what is actually going on with the price
on the charts and then the strength on
the charts correct me if I’m wrong put
your favorite gaming tokens down that’s
absolutely fine put it down in the
comment section all good right um so
that’s three different areas and the
fourth one of course would be smart
contracts a lot of things trying to take
on ethereum which isn’t showing great
strength obviously salana doing very
very well there look at some of the
stronger narratives leading into the
next move there will be I think anyway a
death of crypto because of where we
currently sit structurally for BTC for
many of these other cryptos and where we
are in the election year and of course
where the stock markets are because
they’re starting to get their heads
around the possibility of no interest
rate Cuts pausing of interest rates and
a potential interest rate increase
something that we’ve talked about before
so I won’t toot my own horn again as
some of you guys have been pointing out
but essentially you know I covered that
over 3 months ago now the mainstream’s
only just catching up to that on top of
that there’s is still a loosening going
on out there there is still loosening
and while loosening is going on
basically more money coming out not
necessarily printing but ease of access
to money that’s what loosening is also
you’re still going to see markets
eventually go up so so keep that in the
backs of our mind even during this
period of any sort of Correction here
even if Bitcoin drops back down ER there
is still a lot going on in the macro
that should suggest we’ll see further
upside the 18.6 year cycle still got a
ways to go and of course I think anyway
bitcoin’s got a pretty good chance of
doing some big things later in this
cycle even if we get this this pause
over this period now hit the like button
we are smashing the algorithm which
essentially is the YouTube audience
because they want to see o faces they
want to see warnings and breakings and
all this thanks again guys I hope
you’ve enjoyed being out here on
location looking at the uh the beautiful
surf here of Bly and I’ll see you guys
back here at the next video thanks again
guys take care 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.

Timestamps
00:00 Death of Crypto, macro, recessions, elections
07:00 Death of Crypto, bitcoin & altcoins

*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