BREAKING: GAUSSIAN CHANNEL ABOUT TO FLASH BLOODBATH SIGNAL

Summary

In this cryptocurrency analysis video, the host warns of an impending 'bloodbath' signal for Bitcoin as it nears the 'quicksand' on the Gossian Channel, historically correlating with significant downturns. The script details past occurrences and emphasizes the importance of watching the RSI and market structure for clues on Bitcoin's future trajectory. The host also discusses the potential impact of the stochastic RSI and offers a free bonus video for subscribers on whether Bitcoin's value will decline further, advocating for a focus on facts over emotions and news.

Takeaways

• 📉 The script warns of an impending 'bloodbath' signal for Bitcoin based on the Gossian Channel analysis.
• 🔍 Historically, every time Bitcoin touched the 'quicksand' area in the Gossian Channel during a bull run, it resulted in a significant downturn lasting at least a year.
• 📊 The Gossian Channel has three lines: top, middle, and bottom, which act as key support and resistance levels for Bitcoin's price.
• 🚫 The speaker emphasizes the importance of focusing on facts and charts rather than news or other influencers' opinions when making trading decisions.
• 📈 The speaker suggests that the recent break in the RSI market structure after two years is a significant warning sign for Bitcoin's price.
• 🔑 The script mentions that the speaker has quit his job over 13 years ago and has been traveling the world thanks to his trading and investing skills.
• 🔄 The speaker highlights the importance of recognizing when a support level breaks and becomes resistance, and vice versa, in trading analysis.
• 📝 The script offers a special bonus video for the speaker's email list subscribers, discussing whether Bitcoin will go lower and providing analysis on the current market situation.
• 🔮 The speaker predicts that the upcoming weekly stochastic RSI could be a crucial factor in determining Bitcoin's future price direction.
• 👀 The speaker encourages viewers to watch the quicksand area closely, looking for 'bodies' (closed candles) within it as a confirmation of a downturn.
• 📈 The script emphasizes the need for Bitcoin to maintain its uptrend and the importance of watching for signs of resistance and potential bounces.

Q & A

What is the 'quicksand' signal on the gosan Channel and why is it significant for Bitcoin?

The 'quicksand' signal on the gosan Channel refers to a situation where Bitcoin's price action falls into a specific area of the channel, historically leading to a significant and prolonged downturn. It is significant because, according to the script, every time Bitcoin has touched this 'quicksand' during a bull run, it has resulted in a substantial and sustained drop in value, lasting at least a year.

What historical patterns does the script mention regarding Bitcoin's price action and the 'quicksand'?

The script mentions that in previous bull runs, such as in 2021, 2019, 2018, 2014, and 2011, Bitcoin experienced a parabolic rise and upon touching the 'quicksand', it was followed by a significant drop and a period of at least one year before recovering.

What does the script suggest about the relationship between the gosan Channel's green and red areas and Bitcoin's price action?

The script suggests that the green area in the gosan Channel is positive for Bitcoin, while the red area is negative. When Bitcoin transitions from the green area to the red and gets rejected from the median line, it indicates a 'mega crash'.

What is the significance of the RSI (Relative Strength Index) and the broken market structure mentioned in the script?

The RSI is a momentum indicator that measures the speed and change of price movements. The broken market structure after two years signifies a major shift in the market trend, indicating a potential reversal from bullish to bearish sentiment.

What advice does the speaker give regarding news consumption and emotional involvement in trading decisions?

The speaker advises to avoid watching the news and not to be influenced by the emotions of others, including popular opinions on YouTube. Instead, he recommends focusing on the facts, removing outside noise, and making unemotional decisions based on the current market data.

What is the 'million-dollar question' the speaker mentions, and how can viewers get the answer?

The 'million-dollar question' is whether Bitcoin's price will go lower. Viewers can get the answer by joining the speaker's email list and accessing a special bonus video that discusses this question in depth, which is available for free at crypto crew university's website.

What is the importance of the stochastic RSI and the two-month candle in the current Bitcoin market situation?

The stochastic RSI and the two-month candle are important indicators of potential market direction. The speaker suggests that the stochastic RSI could save the day for Bitcoin by helping to avoid entering the 'quicksand' and maintaining an uptrend.

What does the speaker mean by 'bodies closing inside of the quicksand' and why is it significant?

By 'bodies closing inside of the quicksand', the speaker refers to the closing prices of Bitcoin falling within the 'quicksand' area of the gosan Channel. This is significant because it indicates a confirmed trend into the negative territory of the channel, which historically has led to a prolonged downturn.

What is the speaker's view on the importance of focusing on facts rather than the crowd's opinion in trading?

The speaker emphasizes the importance of focusing on facts and market data rather than the crowd's opinion, which often overreacts and follows the herd mentality. He suggests that going against the grain and focusing on the facts can lead to more accurate trading decisions.

What is the speaker's strategy for dealing with market volatility and making trading decisions?

The speaker's strategy involves staying levelheaded, focusing on facts, removing emotional influences, and ignoring the news and outside opinions. He also stresses the importance of watching key technical indicators like the gosan Channel and RSI, and being prepared to act based on these indicators.