Is Bitcoin's Trend Over? - The Next BULL RUN

Summary

In this video, the creator analyzes Bitcoin's current market drop below $100,000, addressing concerns about future price movements. With a trader's perspective, they discuss predictive tools such as RSI, the Wickoff Cause and Effect indicator, and seasonal trends, emphasizing the importance of recognizing market patterns. By comparing this year’s data with last year's, they predict a bullish run to begin around the 23rd of January. While not providing financial advice, the creator shares their approach to timing entry points for maximizing returns, offering insights into technical analysis and pattern recognition for potential traders.

Takeaways

• 😀 Bitcoin has dropped below $100,000, causing panic among some investors.
• 😀 While it's not financial advice, the speaker shares insights on Bitcoin's market movements.
• 😀 For long-term Bitcoin holders, this content might not be relevant, but traders can benefit from the analysis.
• 😀 The speaker uses technical tools like RSI to predict market trends, showing the importance of transaction speed data.
• 😀 Forecaster tools reveal that Bitcoin could see a bullish trend starting around January 23rd.
• 😀 The COT report suggests that institutions were shorting Bitcoin during its rise but are now going long again.
• 😀 The speaker highlights an ascending channel pattern, which typically breaks to the downside, signaling a potential price drop.
• 😀 Historical data shows similar price movements in the past, indicating a possible rally in the coming weeks.
• 😀 On January 23rd, Bitcoin may see a significant bounce, with average returns of 68% based on past performance.
• 😀 The speaker does not advise bottom-picking but buys heavily when market conditions suggest a strong rally is near.
• 😀 Viewers are encouraged to take part in the 30-day trading challenge or the 12-month mentorship program to enhance their trading skills.

Q & A

What is the current situation with Bitcoin's price in the video?

Bitcoin has dropped below the $100,000 mark, which has caused a lot of panic among investors. Some are worried about whether the price will go lower, while others are hoping to not miss the next bull run.

Is the speaker providing financial advice in the video?

No, the speaker explicitly mentions that none of the content in the video is financial advice and no recommendations are being made.

What does the speaker offer to explain in the video?

The speaker offers a breakdown of their analysis of Bitcoin's current market behavior, the factors influencing its price, and where the next bull run might start. They also share their personal trading strategies and observations.

How does the speaker view the role of patterns in trading?

The speaker emphasizes that trading is about recognizing patterns in the market, using emotional intelligence, and sticking to a disciplined set of rules based on those patterns.

What does the speaker say about using the RSI (Relative Strength Index)?

The speaker explains that the RSI helps to identify discrepancies between price movements and transaction speed, which can indicate the possibility of a market reversal.

What is the significance of the date January 23rd, 2025?

The speaker highlights that January 23rd marks a key point in Bitcoin's price movement, based on seasonality trends. The speaker predicts that a significant bull run is likely to start around this date.

What role does the Wickoff Cause and Effect indicator play in the analysis?

The Wickoff Cause and Effect indicator is used to assess transactional speed and identify divergences between price movement and transactional activity, which may signal market shifts.

What does the speaker mention about non-commercial investors?

The speaker points out that during the recent market surge, non-commercial investors, such as hedge fund managers and institutions, were shorting Bitcoin. As the market is pulling back, these investors are now starting to go long again, which could influence the price.

What technical pattern does the speaker discuss in relation to Bitcoin's price?

The speaker talks about the ascending channel pattern, which typically signals a price deceleration followed by consolidation before continuing in the same trend direction. The speaker believes Bitcoin is following this pattern.

What does the speaker predict will happen in the next few weeks with Bitcoin?

The speaker predicts that Bitcoin is likely to bottom out in the next 2 to 3 weeks and that this could present a good opportunity to enter the market before the next bull run, which could start soon after January 23rd.