CRYPTO PRICES ROCKET for Bitcoin Price Chart, Altcoin Market, and XRP +20% as Breadth OPENS WIDE UP

CRYPTO PRICES ROCKET for Bitcoin Price Chart, Altcoin Market, and XRP +20% as Breadth OPENS WIDE UP

[Music] hey what’s going on everybody this is the blockchain backer bringing you the latest cryptocurrency news and Analysis today we’re going to be looking over here at the Bitcoin price chart along with the altcoin market as we watched last week’s price action take a dramatic uturn after the big fall that we had there the first week of July this of course comes off the backs of what we saw happen late last week as the Russell 2000 suddenly surged to the upside starting there on Thursday continued Friday and as we get ready to kick off the new week we can see the Russell is still up outperforming the Dow Jones the S SMP and the NASDAQ while at the same time the Dow Jones starting to give some signals and flashes here of a deviation away from the ultimate fear event here as when we switch over to the Dow futures we can see as we get ready to open the day we’re going to have a new high is this now going to be expansion expansion and well for crypto expansion sure hope so we’ve got some work ahead of us but what we saw happen here in these last several days on Thursday and Friday in the stock market as we talked about last week in the market shift video that it seemed like an opportunity was presenting itself in crypto as the signals were flashing over there in the stock market with breath opening up there in the Russell sure enough crypto followed suit all weekend with Bitcoin going from 59,000 up to 63,000 and what I know for certain caught the attention of a lot of people was the plus 20% move that happened for xrp over there on Saturday but the biggest story of them all really was what happened over here on the stock market last Thursday I was pretty much going on a tweet storm about it the entire day as things were happening and of course we talked about it in the video that was last published how something had triggered in the markets happening in they opening up breath this is a topic we’ve discussed in detail here on the YouTube channel I’ve been writing about it over there in the newsletter the most recent newsletter was just published there maybe 30 minutes ago as I’m recording right now talking all about this breadth opening up and we’ve shown in detail how this is like the most important thing this has been the signal in every single Bitcoin bull run every crypto Bull Run it’s literally that and it is absolutely no surprise to see that the crypto Market has responded to that on Friday Saturday and Sunday and well even today here on Monday as we kick the day off with more green in the crypto Market as this is happening now in the newsletter we look at it with things like indicators like Brett Momo to show things changing and turning which they are showing but the thing that was most fascinating about this moment in time is like the title suggests a historic moment rivaling the biggest daily reversals in history to see this type of Russell outperformance happen in such a short window on Thursday like we saw where it was essentially The Talk of the Town of what was happening in my lifetime there have only been three other times where something of that magnitude has happened and that’s right here at the bottom of the c19 crash right here at the bottom of the great financial crisis and and right here during the 1987 flash crash that type of movement in breath and in the Russell has only happened of that size three other times and it happened at the absolute bottoms of these events that of course makes it a very interesting phenomenon to be occurring here when we’re not in like the depths of a crash and reversal happening at the bottom but still working on retracements and trying to get into expansion here for the Russell while the Dow the NASDAQ and the S&P are all that alltime highs right that type of phenomenon typically happens after things have crashed and crumbled and the bottom of the market gets marked instead we’re having it happen right here that’s that’s crazy but as we’ve talked about in detail this is a thing that we need to happen and then the second we do we see these big green candles show up in here in the market like for xrp taking back weeks and months of price action in a matter of a couple days and really most of it just there on Saturday with plus 20% so what we’re seeing happening right now in the stock market and crypto these are all like the early signs of the things that we want to see happen in here and that the timing of them showing up like just right on time which really like the last titles of my videos have been like the time is here the time is near that we’re approaching this time period if people are going to believe in cyclical behavior of Bitcoin or in xrp like we needed to see this type of phenomenon start to show up really right now and somehow magically it just did things we talked about in videos discussing like what would be kind of like markers of things that been like this would be the low and it would be those early indications of seeing some altcoin start to Roar we still haven’t seen that yet right like we have seen the altcoins completely outperformed Bitcoin over the course of the last 3 to 4 days but still waiting on that that situation of something expressing itself in the market like this where there’s one two three laders that just go absolutely berserk and that’s really been like the confirmation signal of that this thing is roaring and wow this is awesome to see this happening over here in the Russell it’s like up there near those record setting levels of what happens when breadth opens up in the market that have shown reversals of course we’re all still in this stuff so there’s still a couple of things there in line that kind of need to happen it’s that we actually have to see this thing get through these things and prove itself it is truly going into expansion here that was our first step last week we literally drew the line just like that like this is what we have to have happen that’s great that’s wonderful that’s step one and we’re just like a couple of days into it right and so like of course you know you’re a couple of days in and you’re thinking to yourself oh my gosh it’s flashing on the signals these are great and then you have to kind of pinch yourself and remind yourself it’s only a couple of days right there needs to be kind of a little bit more right like we’re all trying to be two steps of the game ahead of the game right and so you look for the early things to happen to be like okay that’s the thing that we needed to happen um but what is the thing that totally confirms it all it’s like you know once we get to that point right once you get into the new high once you have somebody over here starting to do something like that then you know it’s completely game on uh what we’re seeing happen right now is obviously the first steps of what we’ve historically seen happen be as game on it’s time to go but it is just the first steps it’s just the first couple of days and so it’s definitely exciting uh but of course there’s there’s still these things that still sit right there those retracements that still sit right there that we’ll be watching here in the coming weeks to see if we’re going to have enough juice to get all the way through there and get out of there because of course the last thing any of us want is to see another one of these things happen again with a 702 retracement just based on the current range that we’re in right now that if this is five waves down in here getting back up in here to wave four back at the retracement levels and then struggling once again so we have to keep our eyes on this to see hey this thing is going to be able to get out of here first steps all looking good crypto’s responding accordingly none of this stuff has changed it’s actually doing exactly what it was supposed to do for xrp so we’ll get an xrp video out this week really it’s just what we were looking for here that you actually see a pop out of there of that magnitude as you can see in here it would still indicate there’s more consolidation to happen in here that’s it’s not ready to get completely out just yet that story is also true for Bitcoin not indicating that it’s ready to just pump out this week and get going um but like we talk about a lot trying to be two steps ahead of the game people always think you’re insane if you’re two steps ahead but they always think you’re a genius if you’re only one step ahead we try to stay two steps ahead we knew this was our first thing that we needed to happen but then after that this is the next thing we have to watch for now and that that’s going to be the thing that we have to watch for now so heading back up in here the thing to be looking for of course is to say all right do we need to be worried about here or not and really a lot of that will just get dictated by how these reactions happen in here for the Russell and the breath of the market right now breadth looks phenomenal it looks great but that’s what we’ll be looking forward to in the coming weeks but zooming in on it looking at it just on 15minute candles it is just doing fantastic which is exactly what we want and well we’ve spent a tremendous amount of time covering this topic in depth even last week I was just kind of saying I know you guys are getting pounded down by hearing this over and over again I know you’re probably getting sick of hearing about it that breath and the Russell has been the mandatory requirement for crypto to get into expansion whether it was back in 2020 into 2021 or 2016 into 2017 and as crazy as it is even back there in 2012 in 2013 it’s a mandatory requirement I’m so glad to see this thing getting on the move in here and we’re all getting to witness it firsthand of the reactions happening there in the market and even stuff like xrp taking back months of price action happening in there right after that occurs that it’s not Looney Tune stuff it’s not crazy stuff it’s all one big giant flow of cap that happens throughout markets and last Thursday we got to see it wake up and that is now transitioning over there into crypto and it’s very exciting we still have some work ahead of us it’s nice to see crypto following along these will be our big focal points here in the coming weeks and fingers cross this thing gets into expansion and we actually get what we all came here for so very exciting we’re not quite there yet in regards to seeing all the signs show up in the market but the first initial ones and the first initial conditions have made themselves present now we’re looking for the follow through so all right I figured to just kind of update you on what happened throughout the weekend we we talked so much about it the last two weeks about the Russell and then finally we got it on Thursday and then boom Friday Saturday Sunday here we are Monday uh crypto is responding to it so it’s fantastic you may have noticed even with all the price action I was pretty quiet over there on Twitter this weekend you know I saw the xrp pump of 20% and I was kind of like don’t jinx it don’t do anything stay off of Twitter and then um of course of the uh absolutely uh insane uh events that happened uh with President Trump this weekend that was um a very shocking moment to witness that and see that on TV um I I didn’t feel appropriate commenting on it either because it was such a shocking moment I even had discussions with my daughter about that and I’m like you know even in my lifetime nothing like this has ever happened but was nice to have a little bit of a break from Twitter and to kind of sit back and soak in positive price action throughout the weekend and I’m glad to see we’re continuing that this week and I’m I’m glad to see the Russell is still continuing to outperform as we’re starting off the new week as well so all right that’s it guys just kind of a little bit of a checkin seeing that crypto did respond to the things we saw happen in the stock market last week elements are still looking good now eyeing those retracement levels there for the Russell to make sure we can get through those things which is still kind of going at a straight line atam no signs of stopping yet so we’ll monitor that throughout the week and uh everything has just been gravy so far so all right that’s going to be it for this one guys of course check out the newsletter that was just published this morning over here on blockchain back. substack doccom it includes a 21 minute audio voiceover that I personally recorded you can of course check out BCB backer.com over here with 40 videos and 11 hours of content teaching you how to set up your own charts and indicators within trading View and coin Trader Pro also teaching you about the historical behavior of the cryptocurrency market it includes downloadable PDFs that supplement a lot of these sections right over here on BCB backer.com there are links down here in the description of this video to BCB backer.com and to blockchain backer.com otherwise I hope you had a wonderful weekend and well if you were looking at the charts I’m sure you were happy to see the things that happened there so all right that’s going to be it for this one thank you so much for watching if you could please like this video and give it a thumbs up if you are new to the Channel Please Subscribe and hit the notification Bell so you can be notified of when I create new content and when I go live as always this is not investment advice and I am not a financial adviser but if you ever need a pickme up or a little bit of reassurance just remember that the blockchain backers got your back have a good one [Music]

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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.

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