ON THE CUSP OF TIME as Bitcoin Price Chart and Altcoin Market Cycle Decision, Necessary Ingredients
Summary
TLDRIn this video, the host of Blockchain Backer discusses the current state of the cryptocurrency market, comparing it to historical cycles and analyzing Bitcoin and altcoin price charts. They highlight the market's volatility, the potential for a bullish breakout, and the importance of broader market participation. The host emphasizes the need for a 'risk-on' environment and the Russell 2000 index's role as a leading indicator, while noting the similarities and differences between past and present market dynamics.
Takeaways
- 📈 The speaker discusses the current state of the cryptocurrency market, focusing on the Bitcoin price chart and the altcoin market, in the context of Cycle Theory and historical volatility.
- 📊 A comparison is made between the recent volatility spikes and crashes in the cryptocurrency market to significant financial events like the COVID-19 pandemic and the great financial crisis.
- 📉 The script highlights the unusually long period of market inactivity, with a specific focus on the time elapsed since the peak of the 2018 bull run, which is close to the longest duration in history.
- 🔍 The analysis includes a detailed look at the historical performance of XRP and Litecoin, comparing their past market cycles to the current situation.
- 🚀 The speaker anticipates a potential breakout in the market, similar to past cycles, but notes the absence of a 'risk-on' environment in broader markets, which has historically preceded such breakouts.
- 🤔 There is an emphasis on the psychological impact of the prolonged market inactivity on investors, suggesting that the feeling of the market 'dragging on' is justified by historical context.
- 📅 The script points out specific dates and time frames that are historically significant for the cryptocurrency market, suggesting that the market is approaching a critical juncture.
- 💡 The importance of the Russell 2000 stock market index as a leading indicator in past bull runs is discussed, with the current lack of a similar signal noted as a missing element.
- 📉 The speaker discusses the concept of 'capitulation' in the market, referring to a period of extreme selling pressure, and its historical timing in relation to market turnarounds.
- 📝 The script provides a detailed analysis of various technical indicators and market signals, suggesting that many signs point towards an imminent positive resolution for the market.
- 🌐 The final takeaway is a message of hope and optimism, tempered with an acknowledgment of the missing macroeconomic expansion signal, and an encouragement to stay informed and vigilant.
Q & A
What is the main topic of the video script?
-The main topic of the video script is an analysis of the cryptocurrency market, focusing on the Bitcoin price chart, altcoin market, and the potential for a market breakout based on Cycle Theory.
What significant event in the cryptocurrency market is mentioned in relation to the volatility spikes?
-The significant event mentioned is the volatility spikes that matched those of COVID-19 and the great financial crisis, followed by the biggest volatility crash in history.
What is the historical comparison made for the cryptocurrency market's current duration in the cycle?
-The comparison made is to the duration of the market cycle from late 2013 to 2017 for XRP, which was 1,220 days, and the current market's duration since the peak in 2018, which is close to the same number of days.
What does the speaker suggest about the current state of the cryptocurrency market in relation to historical cycles?
-The speaker suggests that the cryptocurrency market is nearing the longest duration it has ever been in a cycle without a significant breakout, which could indicate an imminent change.
What is the significance of the Russell 2000 stock market in the context of the cryptocurrency market's breakout?
-The Russell 2000 stock market has historically been a leading indicator of a breakout in the cryptocurrency market, but currently, it is not showing the same signs of expansion that would typically precede a breakout.
What is the speaker's view on the current sentiment in the cryptocurrency market?
-The speaker acknowledges that the sentiment in the cryptocurrency market is challenging due to the prolonged period without a significant breakout, but also provides hope that the market is on the cusp of a positive resolution.
What role does the US dollar play in the cryptocurrency market according to the script?
-The script suggests that a weakening US dollar has historically been a positive factor for the cryptocurrency market, as it often leads to an increase in the value of cryptocurrencies.
What is the significance of the dates mentioned in the script for the cryptocurrency market?
-The dates mentioned are significant because they mark potential turning points in the cryptocurrency market cycle, with September 2nd and August 27th being highlighted as key dates for potential breakouts.
What does the speaker mean by 'risk-on environment' in the context of broader markets?
-A 'risk-on environment' refers to a market condition where investors are willing to take on more risk, typically investing in assets that are expected to perform well, such as stocks and cryptocurrencies.
What is the speaker's approach to providing analysis in the video?
-The speaker's approach is to provide a balanced view by highlighting both the positive signs in the cryptocurrency market and the missing elements, such as the broader market expansion, that would typically accompany a breakout.
What resources does the speaker mention for further learning about the cryptocurrency market?
-The speaker mentions the Blockchain Backer website and newsletter as resources for further learning, including detailed analysis, historical behavior of the cryptocurrency market, and technical setup instructions.
Outlines
📈 Crypto Market Analysis and Cycle Theory
The speaker begins by introducing the video, focusing on cryptocurrency news and analysis, specifically the Bitcoin price chart and altcoin market. They discuss the potential validation of Cycle Theory, referencing the recent volatility spike and crash, comparing it to historical financial events. The speaker provides a time perspective analysis, noting the duration of the current market phase and its similarity to past cycles, particularly pointing out the comparison between XRP's performance from 2013 to 2017 and the current market situation. They also mention the recovery of major stock indices and the anticipation of a market breakout, emphasizing the psychological impact of the prolonged market phase on investors.
📊 Comparing Historical Market Cycles and Current Situation
The speaker delves into a detailed comparison of historical market cycles, highlighting the duration and patterns of past bull runs and the current market's resemblance to those periods. They discuss the timing of market capitulation and the subsequent recovery, using examples such as Litecoin and XRP to illustrate the potential for a market breakout. The speaker also addresses the absence of a 'risk-on' environment in broader markets, which historically has been a precursor to a bullish shift in the cryptocurrency market. They emphasize the importance of the Russell 2000 stock market index as a leading indicator in previous bull runs and express the current challenge due to its lack of movement.
🤔 The Missing Element in the Current Market Cycle
This paragraph discusses the missing element in the current market cycle: the broader market expansion that typically accompanies a cryptocurrency market breakout. The speaker reflects on the past bull runs and how they were marked by a 'risk-on' environment in broader markets, which is currently absent. They also touch upon the concept of 'spring phase' and 'last point of support' in market dynamics, suggesting that the market is at a critical juncture. The speaker acknowledges the difficulty in predicting the market's next move due to the lack of a clear leading indicator from broader markets.
🚀 Anticipating a Market Breakout Amidst Uncertainty
The speaker expresses hope and optimism for an imminent market breakout, despite the current lack of a 'risk-on' environment in broader markets. They highlight the similarities between the current market conditions and those preceding past bull runs, suggesting that the market is on the cusp of a significant change. The speaker also addresses the psychological impact on investors from the prolonged market phase, drawing parallels to historical market behaviors and emphasizing the potential for a positive resolution.
🌐 The Importance of Broad Market Participation in Cryptocurrency Market Growth
In the final paragraph, the speaker underscores the importance of broad market participation for the growth of the cryptocurrency market. They discuss the historical correlation between the performance of broader markets and the cryptocurrency market, noting the absence of this factor in the current cycle. The speaker also provides specific dates and cycle days that could be pivotal for the market's direction, suggesting that the coming weeks will be crucial. They conclude by reiterating the need to monitor the US dollar's performance and the potential for a 'risk-on' environment to emerge, which could trigger the anticipated market breakout.
Mindmap
Keywords
💡Blockchain
💡Bitcoin
💡Altcoin
💡Cycle Theory
💡Volatility
💡Dow Jones
💡NASDAQ
💡Capitulation
💡Risk-On Environment
💡Russell 2000
💡Macroeconomic
Highlights
Analysis of the Bitcoin price chart and altcoin market in the context of Cycle Theory.
Comparison of current market volatility with historical spikes and crashes, including the unprecedented volatility crash seen recently.
Discussion on the Dow Jones, S&P 500, and NASDAQ's bounce back and their relation to Bitcoin's 50-day moving average.
Historical cycle analysis showing the time taken for the cryptocurrency market to break out, with a focus on XRP and Litecoin.
Mental struggle of investors due to the prolonged market inactivity and its comparison with historical durations.
The longest periods of inactivity in the market without action and the psychological impact on investors.
Historical context of capitulation and market reactions, including the influence of external events like COVID-19 and Wall Street Bets.
Potential market breakout timing based on historical patterns and the current proximity to these patterns.
The significance of the Russell 2000 stock market's role in leading indicator patterns for cryptocurrency market movements.
Current absence of a risk-on environment in broader markets as a missing element for market breakout.
Detailed comparison of past bull runs and the role of the Russell 2000 in signaling market direction.
The challenge of market analysis without a clear macroeconomic lead from broader markets.
The potential for a simultaneous breakout in both the Russell 2000 and cryptocurrency markets based on recent history.
The importance of watching the US dollar and its impact on the cryptocurrency market.
The upcoming weeks as a critical period for the cryptocurrency market, with potential triggers for significant movement.
The need for a macroeconomic risk-on environment to complement the current state of the cryptocurrency market.
Final thoughts on the potential for a positive resolution of the current market situation, with a focus on historical patterns and Cycle Theory.
Transcripts
[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 taking a look at
the Bitcoin price chart along with the
altcoin market as we enter into a new
week one step Clos to whether or not
Cycle Theory is going to prove itself to
be true coming off of two weeks ago
having one of the biggest volatility
spikes in history matching that of c19
and the great financial crisis followed
by the biggest volatility crash in
history with the vix all the way back
below 16 again never before seen to see
that big of a volatility crash before
with the Dow Jones having a decent size
bounce back last week along with the S&P
500 and the NASDAQ as we talked about
with the NASDAQ hitting its 50 we moving
average along with Bitcoin but as the
clock continues to tick we inch closer
and closer to how much time it took for
the market to finally break out from
historical cycles for the cryptocurrency
market so we're going to look at that
today we're going to kind of put things
into context on how long we have
actually been in here and if you're
mentally kind of struggling with this is
taking forever you probably have good
reason to feel that way and you'll just
see that from the time perspectives for
example with xrp from late 2013
till
2017 just that rip right there was
1,220 days from the peak that was set
back there on April 14th we're sitting
right now pretty darn close to that just
napkin drawing there same amount of days
have elapsed now for the class of 2018
through
2021 here's a picture for you for how
long we've been in here you just go from
the peak back there in 2018 to where the
peak came in there on April 14th that
whole time between Peak to Peak was
1,198 days so imagine the peak of the
bull run the excitement in 2017 and 2018
we go through all the horrible
capitulation we go through c19 we go
through the and then we go through Wall
Street bets laser eyes Diamond hands
Elon Musk on Saturday Night Live all
that stuff that's that had already all
happened by the time this much time had
elapsed compared to what we've dealt
with right in here now the thing about
xrp is it did top a little bit earlier
than a lot of other things did xrp
topped there in April 14th where most
assets topped over there in May
particularly around May 8th you look at
things like Litecoin in here from back
in 2014 through 2017 compared to now
just seeing how much time elapsed in
there you're pretty close but you're not
all the way there just yet but as you
can see back there in
20156 and 17 certainly a very rough ride
and then eventually broke out there
which an equivalent for now would be
about September 8th so if it feels like
it's just going on and on and on that's
because we're really matching the
longest periods we've ever had to go
through in this market without any
action arriving it's not to say it's
unusual but if you're looking at it from
like the context of what 2018 through
20121 was like you certainly had already
been relieved by now all the feelings of
the bear had worn off the excitement had
arrived and everybody was holding hands
singing Kumbaya however compared to the
longest one we've ever experienced we're
still a few days short and if you look
at it in context of being like where was
actual capitulation of this Market still
like we've talked about a lot late
August which surprise surprise is in the
next week week and a half now of course
when all of this was happening here what
was going on with Bitcoin well we can go
back and look at that time and clearly
see see where we were with Bitcoin
sitting all throughout here right there
as it began to take off well what do you
know that's the thing we keep talking
about on how much time we've spent in
here so we're pushing the boundaries at
this point of how far anybody's ever
been pushed in this market before and of
course the thing that was difficult
about that time back in 2015 through
2017 the capitulation going here I mean
you can just take this thing off of log
scale and see that's what Litecoin
looked like I'll take it off that there
you go that's Litecoin right oh this
Market's dead it's over and then
suddenly it just wakes up and goes that
story of course was very similar for xrp
as well just long duration stuff and
then finally Up and Away it went add
Litecoin on top of it same story it all
really happens right in here no real
warning they both just kind of wake up
at the same time and get going but the
moment leading up to that certainly
didn't feel like that on either of these
assets especially when you take them off
of log scale to see them like that and
then suddenly boom they both just wake
up and go but of course by that time
Bitcoin had already marched all the way
back up to the highs going through the
prolonged bear the climb back to the
all-time high this big fall similar to
like what we were talking about back
over here with how bitcoin's price
action has been relatable to what
happened during that time after I
completed super cycle I put out a video
about that last week essentially you got
into here and this is where all that
price action for the altcoin market
really started to kick off starting from
no warning to suddenly just being turned
on but as we approach that time and we
say man we're kind of entering into that
window right now and like we showed
there with Litecoin and xrp like next
week and a half you reach this time
period where you're' in the longest time
period ever you got structures looking
good price action looking good you got
Bitcoin back up there near the highs
like it should you've got time ticking
you're like right there on the edge and
you say hey I know we've been pushed the
longest ever but you know we're right
there but the thing that is still just
completely missing that still is just
this giant head scratcher is that
Russell 2000 stock market historically
getting that exit to shoot its way out
in which if we were looking at it
through this lens being like oh yeah for
sure the Russell's out we're expanding
the breadth is wide open throughout all
markets right now just like 2017 just
like 2020 we'd all be looking at this
saying oh yeah we're good but of course
this time we're just not now the thing
about 2020 and 2021 is they were pretty
closely time to each other maybe that's
the case maybe there's got to be some
surprise that happens in the Russell
they've got to happen at the same time
still the Russell had even broken into a
new all-time high before Bitcoin ever
touched its all-time high then over
there in 2016 and 17 the Russell ended
up beating out Bitcoin by quite a big
margin a couple of months and over there
in 2011 through 2013 the Russell also
beat Bitcoin by about a month so
remember the 2013 the 2017 the 2021 bull
runs they're all marked by the Russell
escaping then Bitcoin escaping and going
off into its bull run as well and so as
we approach this time and we're like
right there at that window it's all this
fingernail biting because it would be
very nice to just sit here and say hey
look the Russell's out well the clock is
ticking we're right there uh but this is
our glaring thing still in our face and
I know you're all sick of hearing that
but I would say that 80% of my time is
that I'm spending thinking about the
actual Market maret it's sit here
thinking about this Dynamic and how this
can resolve itself and I think that's
the thing that makes it more challenging
than it actually was when you look back
here on 2017 or you look back at 2020
that we definitely had this risk on
environment happening in broader markets
at the exact same time and I do believe
that is why we saw so many things get
pulled back after hitting the
retracement levels like ethereum salana
and Tron including the altcoin market
cap which hits at 702 retracement but we
haven't reached that exit velocity in
the market yet because we haven't had
that risk oncome yet and I think that is
what really makes it so difficult just
for everybody in general is that have we
been in environments where it's taken
this long before the answer is yes it it
took this long back in 2014 through 2017
and the thing that made it challenging
back then is that really everything just
looked dead until finally it all woke up
so we all kind of know in the back of
our head the market can do that it can
punish punish punish punish punish and
then eventually wake up and so we know
that we're like kind of in that
environment with how this Market has
reacted so far which makes it incredibly
challenging but the thing that of course
makes it even more challenging and even
harder knowing that is that we just
don't have the macro picture at the same
time and that's what makes it the
hardest you are literally right there
which is literally right there from
2017 like we saw even with Litecoin 7 8
days away from the longest ever and it's
kind of requiring a hanging of the Hat
on the idea that something's going to
show up because right now you don't have
that leading indicator that we've had in
the past which is breett expansion
broader markets Russell 2000 we just
don't have that and that Element of
Surprise needs to just kind of show up
when it's supposed to show up as we talk
about often with magical unicorn fairy
dust or Puppet Masters pulling the
puppet string SC or simulation that
things will happen when they're supposed
to happen that it's kind of depending on
that actually happening and like when we
look throughout the market like we've
talked a lot about like the safety trade
dominance and that it's done all the
same things Bitcoin dominance did from
back in 2018 through 2020 every little
step in here is all through here that we
had back then in that period before
things really kicked off and got going
let alone that safety trade dominance
what going back to the 702 retracement
then slamming it a second time that's
exactly what it did back in
2019 and 2020 is that it slams into
these things two times just as we have
over here so like this signals were like
right on the cusp of it the Bitcoin
price chart signals were right on the
cusp of it and the alt coins would be
right on the cusp of it and it's not on
unusual to just sit there and just
Teeter for this long after capitulation
so has it been tough to be in here this
long of course it's knocking on the door
of the longest of History the thing that
just makes it even tougher is the fact
that there's not that broader expansion
throughout all markets and that's just
the thing we're still all waiting for
and scratching our head and this would
absolutely be incredibly easier if we
had that I'd have no problem coming on
here and have people yell at me no
bitcoin's still going down we're like no
forget that right like that's like
that's what it like back in 2020 after
c19 is that we were seeing the market
rally we were seeing broader markets
rally it was breath participation
throughout broader markets but after c19
people were just utterly terrified but
we had that macroeconomic Dynamic
happening in broader markets and when we
had this happening back in 2017 we had
that macroeconomic broader participation
of markets to where you could just sit
there and say hey man things are looking
good and it's not to say that won't show
up it very well could
it just isn't here right now and so
while I want to come on here and just
say look time is ticking all elements
are the same this is great xrp is great
Litecoin is great everything is right on
time we're all on schedule everything is
good all systems are go I want to come
on and be like that and just be a moon
boy because this is moonboy stuff that's
happening right here this is moonboy
stuff right here like we've talked about
with like salanta sweet and tia these
are moonboy stuff right in here here
like you've just got all kinds of good
stuff looking here throughout the
cryptocurrency market but I try to stick
as true to the data as I possibly can
and say well what is the element missing
the element missing is a macroeconomic
breath and expansion in markets and
that's just not there yet and maybe we
get surprised and they all happen on the
exact same day because I posted this
over there on Twitter last Friday that
even this whole move that we had in the
crypto Market from late October all the
way up in here until March everybody
thinking Bitcoin ETFs no it was a move
happening there in broader markets that
you could see that the Russell is stuck
in a range for the same amount of time I
mean just look at ethereum and look at
the Russell right I mean Peak bounce
waddle crash crash then range bound the
whole time and then what happens spring
for the Russell last point of support
for Final Phase of woff accumulation
we've talked about a lot about that how
difficult that is at the end of whether
you can get last point of support or
spring phase and you can see that even
in the crypto Market we had various
ending phases throughout the whole
Market whether it was LPS or if it was
spring and here you can see even in the
Russell it had spring and then
eventually it shoots its way out what
happens the market goes with that as
well and so even in this circumstance
it's not like there was some huge lead
that happened here for the Russell right
so like there's still that hope to hold
on to and say well look it's not like
there was some massive lead that took
place here for the Russell for the
market to be able to Rally the Russell
and the market rallied together and so
while sitting here saying hey look you
know in all past circumstances we do
know the Russell was the lead well we do
know that here within this last year
they were really occurring
simultaneously which leaves that hope
there to say hey look maybe the wake up
all happens at the same time and they
actually just run together rather than
them being some type of lead happening
with the Russell right it's not
outlandish to say that but it's just
when we go back and we look at these
things in these contexts and if we're
going to view them from that context to
say well what were the other things that
were happening at the same time and the
other things that were happening is that
there was actually broader participation
expansion happening throughout markets
that were a leading indicator of this
actually ending up happening and we
don't have that leading indicator right
now but we also did see that it didn't
exactly lead here in late 2023 early
2024 they happened simultaneously so
like you could still hold on to that
hope that that that those could occur at
the same time right but is still having
to just kind of remember that it was a
leader in those past moments it's not
leading right now and while I wish that
picture was just perfectly clear on that
if like there was just the absolute lead
there in the Russell you know the best
thing I can do on the YouTube channel is
just paint the picture as clearly as
possible as I can to try to just give
you more data to process and
understanding where you're sitting in
here right how it's going to resolve
itself exactly I'm not quite sure but I
can show you all of these things and say
look we've watched this thing for the
last three years we've seen these things
play out all of these phases it then
goes on and has this big 33% crash right
here just as it did back in 2017 that
inevitably led to things taking off
that's also right when we were right
here for Litecoin and for xrp we're at
that particular phase where all of that
occurred It All Happened from right here
the same goes for xrp this was that
moment where it all happened that I can
tell you if you're feeling beat up by
the market has the market beat people up
like this before to this extent
absolutely with the same Dynamic with
Bitcoin getting back up to those highs
these assets just waddling sideways for
as long as they have and then eventually
the market just woke up as Bitcoin sat
back there at those highs now I can come
on here and I can paint a super mega
moonboy picture by saying all of that
and leaving out the part where the macro
picture was there but I'm trying to also
give you that perspective as well to say
hey look where's that element why is
that element not here this time because
it was there during the 20133 2017 and
2021 bull runs and it's just not there
right now the fortunate thing is we did
even see it here within the last year
that they did just kind of wake up
together so it's not to say that can't
happen but if we're going to truly paint
this picture and be sincerely honest
with the data then we say hey look the
thing that was also leading was breath
so I come to you with a message of Hope
and optimism of being like look if
you've been through it this far you're
kind of right there at the the Finish
Line where the answer is going to reveal
itself there's an absurd amount of
things in the actual crypto Market alone
that favor a resolution being positive
and while most things in the crypto
Market are very similar to that time
period happening there is one piece of
data that is not similar and that was a
lead happening over there in breadth and
expansion in broader markets and that's
just the honest way I have to paint it
to you and like I said earlier I spent
80% of my time when I'm thinking about
the crypto Market on how that resolves
itself and the problem there of it being
like well it's not leading it's always
been the leader why is it not leading
right now the only way I can resolve
that within my own head is by looking at
it from this perspective and saying look
well at least in this last year we did
see a moment where they woke up together
at the exact same time so there is that
but over the course of the next 3 weeks
we are going to cross through that time
period of where this Market has never
gone this long before without things
waking up in a significant way it has
never taken longer than 3 weeks from
right now fortunately a lot of this
Market looks very similar to how it
looked when that happened several years
ago there's even rhyming of this Market
currently right now to our past cycle
and as you've noticed watching this
channel for the years with all these
things marked on here the only reason we
even use this is because of the
absurdities of how these things will
land on the exact same days and the
Peaks coming in on the exact same days
and the breakouts happening on the same
days in the same ranges and when Bitcoin
officially broke out in here it happened
right there on day
1,237 we know that even right in here on
day 348 they both hit their peaks at the
same time and then go on into
capitulation we know when they were
range-bound they both broke out and hit
the top of these ranges to eventually
escape on day
699 and day 1
,237 lands you on September 2nd that the
breakout in Bitcoin should be occurring
post capitulation date for the old coins
would be August 27th and so it's a super
nail Bing time because there's all this
stuff I mean no matter what angle you
look at it from whether it's altcoins
Bitcoin safety trade dominances all
these different things you're just right
on the cusp it's just where is this
thing and so as we approach this time
and we go through these next couple of
weeks it's still just going to be all of
this it's going to be focusing on this
and in the event that this thing gets
its way out of here well then that's the
final criteria that was the last thing
that was missing from it all we have all
the things all the Dynamics in the
crypto Market looking great it's just
this glaring thing over here that's just
missing and this has to somehow resolve
itself and so I don't know how many
times I can talk about that except show
you everything I mean I can show you
everything in the crypto Market I can
show you where we're lined up how you're
doing on Cycles how long you've been in
this if you're emotionally beat up from
the market from being in it so long and
it hasn't taken off well it's like you
know what that that's really just
exactly what happened in here when we
went through all this stuff that's what
this Market was doing that whole time so
I could provide you some hope and be
like hey you're at the Finish Line there
on that that's where that thing got
resolved at but also knowing that you
know this was also one of the
ingredients that has been part of all of
it since the beginning of the crypto
Market this has always been one of the
ingredients and I don't know how many
times I can repeat that probably more
but as we approach this moment of time
all eyes are going to be over here on
this guy and seeing that it can get its
way out the US dollar still continues to
get slammed which is historically been a
good thing for crypto it's just that
macro risk on thing that's just like
where are you so we'll keep our eyes on
it in the coming weeks I'll try not to
repeat myself too much but I think I
pretty much painted the picture in here
the next couple of weeks really like the
next week and a half was that triggering
point for the altcoin market the next
two to three weeks was the triggering
moment for Bitcoin the thing that is
just missing out there is that risk on
environment and broader markets rather
than being a Consolidated Market I
posted about that on Twitter as well
last week only 11% of the S&P members
have outperformed the S&P index 89% of
the S&P members have underperformed the
S&P index we're wanting to see that
thing really open up and if that does
and if it happens right on time well
there you go cue the simulation to be in
full play and so hopefully it all works
out hopefully we're right there on the
cusp of it we'll keep our eyes on it so
on that note we'll go ahead and go
through the wrap up I hope that you had
a wonderful weekend hopefully had an
opportunity to catch up on the
newsletter over here on blockchain
backer dos substack
docomo that big flash crash that we saw
back there on Monday August 5th the
Dynamics of the market on what happened
there and how that recovery happened and
the technical levels of them occurring
at that nothing really broke in the
market when that happened diving into
detail about how like we're talking
about in this video the decision is
approaching we're reaching that moment
on Cycle Theory which has really been
talked about a lot in these last two
newsletters I do audio record all of
these includes a nearly 24 minute audio
voiceover in there of course if you sign
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all the past ones as well with all the
research that's been included in all of
those that's available over here on
blockchain back. substack do.com of
course you can check out BCB backer.com
with over 40 videos and 11 hours of
content teaching you how to set up your
own charts and your own indicators
within trading View and coin Trader Pro
also discussing a lot of the historical
behavior of the cryptocurrency market
which is a lot of stuff even we talked
about today but we go into extreme
detail in there there's links down here
in the description of this video to BCB
backer.com and to the newsletter right
there at blockchain backer.com otherwise
here we go it's a new week and I'll
catch you guys in the next one but
that's it thank you so much for watching
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[Music]
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