The Crypto Q4 Rally Is Coming! Market Check

Summary

In this live stream, the hosts discuss the recent positive trends in Bitcoin and the crypto market, highlighting a potential altcoin season. They analyze various cryptocurrencies, including Bitcoin, Ethereum, and meme coins like Pepe, providing technical analysis and predictions. The conversation also touches on market structure, key support and resistance levels, and seasonal patterns. The hosts offer insights into trading strategies, the importance of risk management, and the value of their Discord community for detailed market analysis.

Takeaways

• 👍 The hosts are discussing the performance of Bitcoin and altcoins, highlighting a recent upward price trend over two weeks.
• 📢 They mention a significant price increase of 24% for Bitcoin from its recent low, suggesting a normal market pullback.
• 🔄 There's an emphasis on the importance of the quarterly and yearly VWAP (Volume Weighted Average Price) for Bitcoin, especially the resistance at the first standard deviation above the quarterly VWAP.
• 🔨 The hosts anticipate a potential short squeeze in Bitcoin if it reaches the 70k to 72k level, which could propel the price higher quickly.
• 💡 They discuss the altcoin, Pepe, as an explosive investment opportunity, comparing its potential to other cryptocurrencies that have shown significant gains recently.
• 🔬 The conversation includes a cautionary view on Caspa, suggesting it may underperform compared to other cryptocurrencies in the market.
• 🔥 There's a focus on the idea that diversification in crypto might not be as effective as focusing on a few high-potential coins, especially in a bull market.
• 💈 The hosts mention historical market patterns suggesting that Q4 and Q1 often see explosive price action in Bitcoin and altcoins.
• 🔧 They observe that certain meme coins like Pepe have shown strong price movements and could be indicative of an upcoming alt season.
• 🔢 There's a mention of the importance of seasonal market trends, suggesting that following these patterns could lead to significant profits.

Q & A

What is the significance of the 'wall of worry' mentioned in the script?

The 'wall of worry' is a term used in investing to describe a sustained period of market uncertainty and volatility. In the script, it refers to Bitcoin's climb back to higher prices after a period of decline, indicating a recovery phase where the market is still uncertain.

Why was Tommy not present during the live stream?

Tommy was enjoying his honeymoon after getting married, so he was taking a well-deserved time off from the live streams.

What does the acronym 'BB' stand for in the context of the script?

In the script, 'BB' likely stands for 'Bitcoin Market Check' or 'Big Baguette', which seems to be the name of the team or group that the hosts are a part of.

What is the significance of the 'standard deviation' mentioned in relation to Bitcoin's price?

The 'standard deviation' in this context refers to a measure of price volatility. When discussing Bitcoin's price, the hosts are considering how much the price deviates from the average, which can indicate potential buying or selling opportunities.

What is the 'yearly vwap' mentioned in the script?

The 'yearly vwap' or 'yearly volume weighted average price' is a technical analysis indicator that smooths out price data based on both volume and price action over the course of a year, providing a better understanding of the market's behavior.

What does 'having' refer to in the phrase 'post having year'?

In the context of the script, 'having' likely refers to a period of significant increase or 'bull run' in the cryptocurrency market. The 'post having year' would then refer to the year following such a period.

What is the 'explosive price action' that the hosts are expecting from Bitcoin?

The 'explosive price action' refers to a rapid and significant increase in Bitcoin's price. The hosts are anticipating a substantial rise in value, especially as the market moves into Q4 and Q1, historically strong periods for Bitcoin.

What is the 'short hedge spots' mentioned in the script?

The term 'short hedge spots' refers to price levels where traders might consider shorting (betting against) an asset as a hedge. In the script, it suggests areas where traders might take positions anticipating a price drop.

Why is there a discussion about 'liquidations' and 'short squeeze' in the script?

The discussion about 'liquidations' and 'short squeeze' is in the context of traders who have shorted Bitcoin expecting its price to drop. If the price rises instead, they may face liquidation of their positions, which can trigger a 'short squeeze', forcing them to buy back Bitcoin to cover their positions, potentially driving the price up even further.

What is the 'terminal' mentioned in the script?

The 'terminal' likely refers to a trading platform or a part of the BB terminal service that provides various tools for traders, such as heatmaps and spaghetti charts, to analyze market data and make informed trading decisions.

What is the 'BB wealth management' mentioned in the script?

The 'BB wealth management' seems to be a service or a part of the company that the hosts are associated with, which manages investments, possibly with a focus on cryptocurrencies.