BREAKING: Bitcoin is Entering the Biggest Stock Market Correction in Over 6 months! (Watch ASAP)

Summary

The video discusses the recent all-time high of Bitcoin and its implications amid a volatile stock market and potential economic shifts. It delves into the stock market's largest correction in 6 months, interest rates, and the impact of economic data on market predictions. The video also explores the possibility of a larger correction in an election year and the significance of historical patterns. It further examines Bitcoin's short-term targets, the impact of seasonal trends on the market, and the potential for future explosive market moves following consolidation periods. Additionally, it touches on the importance of understanding human emotions in market cycles and the future outlook for Ethereum in the context of Bitcoin's performance.

Takeaways

• 📈 Bitcoin has reached a new all-time high price, indicating a strong market performance.
• 🔄 The stock market is experiencing a grinding effect and potential decline, with the Dow Jones seeing its largest correction in 6 months.
• 🤔 There is speculation about the seasonal impact on markets and the potential for further downside, especially with the 2024 election year approaching.
• 💹 The economic data suggests that interest rates have not seen as many cuts as initially predicted, indicating a stronger economy and stock market.
• 📊 Traders should focus on chart patterns rather than economic news or predictions of market corrections and recessions.
• 📅 Upcoming economic events like the nonfarm payrolls and CPI data can create market volatility and may be front-run by the markets.
• 🏠 The real estate cycle is in its end stage, with the markets potentially nearing a peak.
• 🌟 Gold has experienced a significant run, but may be due for a correction following the 7 to 10 bar rule.
• 🔄 Bitcoin's short-term focus is to maintain strength above key support levels and potentially test new resistance at the 69k level.
• 📊 Historical data shows that April has generally been a good month for Bitcoin gains, but there have been exceptions, and the current market situation may influence this trend.

Q & A

What is the current market condition for Bitcoin in relation to its all-time high?

Bitcoin has reached a new all-time high price, and it has been three weeks since this milestone. The market is currently experiencing a grinding effect, with stock markets potentially rolling over and facing one of their largest declines in the last six months.

What is the significance of the recent stock market correction?

The recent stock market correction is significant as it marks the largest correction in 6 months for the Dow Jones. This indicates a potential shift in market sentiment and could be a sign of further downside risk.

How has the economic data, particularly interest rates, impacted market predictions?

The economic data, especially regarding interest rates, has played a crucial role in market predictions. Initially, analysts predicted frequent cuts in interest rates, but the actual scenario has been less cuts than expected. This has led to shifts in market predictions, with investors hoping for more cuts whenever the stock markets experience a downturn. However, if the economy remains relatively strong, fewer cuts than predicted might occur, reflecting underlying economic strength.

What is the role of seasonal patterns in the stock market during an election year?

Seasonal patterns can influence the stock market during an election year. Historically, the months of March, April, and May leading up to the election have often seen the market move sideways with some swings, essentially forming a trading range. This pattern could be expected to repeat in the current election year.

What is the current status of the real estate cycle according to the transcript?

The real estate cycle is currently in its end stage, specifically in the 'winning curse' phase, which is the last push up towards the tops. This phase is significant for both the real estate market and the economy.

How does the speaker view the recent gold price movement and its implications for traders?

The speaker notes that gold has experienced eight straight days of increase, followed by a slight dip. This pattern is viewed positively for traders as it presents opportunities for profitable trades following market corrections. The speaker also highlights the importance of focusing on swings rather than individual red or green days in the market.

What is the speaker's perspective on comparing current market conditions with historical cycles?

The speaker believes that while prices and fundamentals may change across different market cycles, human emotions and reactions to the market remain consistent. This consistency forms the basis for technical analysis and chart reading, as patterns in market behavior tend to repeat over time.

What is the significance of the consolidation period in the cryptocurrency market?

The consolidation period is crucial in the cryptocurrency market as it often precedes explosive price movements. During this time, the market may appear quiet and uneventful, leading to a loss of retail interest. However, this period is essential for setting the stage for significant price breakouts, as seen in previous market cycles.

What does the speaker suggest about the potential future performance of the Ethereum (ETH) ecosystem based on the ETH/BTC chart?

The speaker suggests that the performance of the Ethereum (ETH) ecosystem in the current cycle could be an indicator of its future performance. If ETH fails to break past key resistance levels, it might not outperform in future cycles. The speaker advises keeping an eye on the ETH/BTC chart for insights into the relative strength of Ethereum compared to Bitcoin.

What is the speaker's outlook for the cryptocurrency market cap excluding the top 10?

The speaker's outlook for the cryptocurrency market cap excluding the top 10 is that it may not continue to rise indefinitely. There could be a period of consolidation or even a decrease if the top 10 cryptocurrencies increase their dominance. However, historically, such consolidation periods have often been followed by explosive upward movements.

What advice does the speaker give to traders and investors regarding market analysis?

The speaker advises traders and investors to focus on chart analysis and historical patterns, as these can provide valuable insights into potential future market movements. They also emphasize the importance of understanding the broader market cycle and key support and resistance levels, rather than just focusing on day-to-day or week-to-week fluctuations.

Outlines

00:00

📈 Bitcoin's All-Time High and Stock Market Trends

This paragraph discusses the recent all-time high of Bitcoin and the impact of the stock market's current decline. It mentions the grinding effect of a broad market and speculates on the potential for further downside in the markets, especially with the 2024 election year approaching. The speaker emphasizes the importance of macro cycle analysis, covering Bitcoin, cryptocurrencies, stock markets, and real estate cycles. The focus is on the recent largest correction in the Dow Jones in 6 months and the economic data related to interest rates. The speaker notes that despite predictions for cuts at the beginning of the year, the economy has shown strength, leading to fewer cuts than expected.

05:01

📉 Analyzing Market Corrections and Key Support Levels

The speaker delves into the details of market corrections, using the current 3.6% correction as a reference point. They discuss the importance of understanding the stage of the season and the cycle we are in. The paragraph highlights the healthiness of corrections as long as they remain above key support levels. The speaker provides an analysis of the S&P and NASDAQ, and discusses the potential for overbalance in time and price. They also mention the significance of breaking key support levels and provide a detailed explanation of where those levels might be, using the Dow Jones as an example.

10:04

📊 Seasonal Patterns and Bitcoin's Market Performance

This paragraph focuses on the seasonal patterns in the stock market during election years and how this might affect Bitcoin and the broader market. The speaker references historical data to suggest that the next few months might see sideways movement in the market. They also discuss the possibility of a larger correction and how this would be evaluated. The paragraph touches on the importance of zooming out to understand the bigger picture and the significance of the current market stage. The speaker also brings up the topic of Bitcoin's performance in April historically and whether the current year might break the trend of green months.

15:05

🤔 The Role of Human Emotions in Market Cycles

The speaker reflects on the role of human emotions in market cycles, arguing that despite changes in prices and fundamentals, human emotions and market reactions remain constant. They emphasize that historical patterns can be useful in forecasting future market movements, as these patterns are based on human behavior. The speaker acknowledges that while some may disagree and believe that human emotions and reactions will change, they maintain that these emotions are a reliable factor in market analysis. They conclude by encouraging viewers to form their own beliefs and trading strategies, while also highlighting the importance of studying the market as a lifelong endeavor.

Keywords

💡Bitcoin

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. In the video, the discussion revolves around the recent all-time high price of Bitcoin and its potential future performance in relation to the stock market and the upcoming election cycle.

💡Stock Markets

Stock markets are exchanges where shares of publicly traded companies are bought and sold. The video highlights the recent decline in stock markets and the potential for further downside, which could have implications for Bitcoin and other cryptocurrencies. The speaker discusses the Dow Jones, S&P, and NASDAQ, which are major stock market indices, and their recent performance in the context of economic data and predictions.

💡Interest Rates

Interest rates are the cost of borrowing and the return on investment for savings. In the video, the speaker mentions that there have been fewer cuts to interest rates than initially predicted by analysts, which has implications for the economy and the stock markets. The discussion also touches on how changes or pauses in interest rates can influence market behavior and investor sentiment.

💡Election Cycle

An election cycle refers to the series of events that lead up to an election. The video discusses the impact of the 4-year election cycle on the markets, suggesting that certain patterns may emerge during these cycles that could influence market behavior. The speaker specifically looks at the performance of the markets during presidential election years and what this might mean for the current market situation.

💡Correction

In financial markets, a correction refers to a decline of at least 10% from a recent peak in prices. The video details the recent correction in the Dow Jones, S&P, and NASDAQ, which is the largest in 6 months. The speaker uses this term to analyze the health of the market and to predict potential future movements, emphasizing that corrections are a normal part of a bull market.

💡Seasonality

Seasonality refers to the pattern of behavior in financial markets that tends to repeat at regular intervals over the year, often related to holidays, weather, or other recurring events. The video explores the concept of seasonality in the context of the stock and cryptocurrency markets, particularly looking at how the markets have performed in the months of March, April, and May during previous election years.

💡Real Estate Cycle

The real estate cycle refers to the recurring pattern of growth and decline in the real estate market. The video mentions that the current market is in the 'win's curse phase' of an 18.6-year real estate cycle, suggesting that the market is in the final stage of its upward push before a potential decline. This analysis is used to provide context for understanding broader economic trends and their impact on investments.

💡Gold

Gold is a precious metal often viewed as a safe-haven investment during times of market uncertainty. The video discusses gold's recent performance, noting an eight-day increase followed by a day off, and uses this as an example of market behavior and the importance of understanding trends and patterns in trading.

💡Altcoins

Altcoins are alternative cryptocurrencies to Bitcoin. The video touches on the potential for altcoins to experience significant price increases in the future, particularly during periods of market consolidation. The speaker also discusses the importance of monitoring trading volumes and investor interest in altcoins to predict their market performance.

💡ETH/BTC

ETH/BTC is the exchange rate between Ethereum (ETH) and Bitcoin (BTC). The video analyzes the ETH/BTC chart to understand the relative performance of Ethereum compared to Bitcoin. The speaker discusses the implications of Ethereum's price action in relation to key support and resistance levels, and how this could signal the future performance of the Ethereum ecosystem.

💡Market Consolidation

Market consolidation refers to a period where prices move within a relatively narrow range, indicating indecision among market participants and a lack of strong trends. The video suggests that periods of consolidation are crucial for the market, often leading to explosive price movements following a breakout. The speaker uses historical data to argue that current consolidation could lead to significant future gains.

Highlights

Bitcoin reached a new all-time high price three weeks ago, indicating a strong market performance.

The current market is experiencing a grinding effect, with the stock markets potentially going through one of their largest declines in the last six months.

The Dow Jones has seen its largest correction in six months, dropping from an October low of 5.5 to a current 3.67.

Economic data suggests that there have been fewer interest rate cuts than initially predicted by analysts, indicating a stronger economy and stock market than expected.

The market is currently in a stage of the bull market characterized by grind-up effects and single-digit corrections.

The upcoming nonfarm payrolls and CPI data releases could cause market volatility, as investors anticipate and react to the data.

In an election year, the stock market tends to be sideways during the months of March, April, and May, which could be indicative of the current market trend.

Key support levels in the market are crucial to watch, as they can indicate the strength or weakness of the market and its potential future movements.

Bitcoin has met its first target and closed above it, with the next level being the 69k mark, previously rejected from the top at 69700.

The possibility of a bull trap exists, where the market runs up and then falls back under key levels, which is something to watch for in the short term.

April has historically been a good month for Bitcoin gains, but there have been exceptions, and this year could potentially see a pause or correction.

Human emotions and market reactions tend to remain consistent over time, despite changes in market fundamentals and prices.

The market could be entering a consolidation phase, which historically has been followed by explosive moves to the upside.

The total cryptocurrency market cap, excluding the top 10, shows potential for further explosive moves, even after a period of cooling off.

ETH/BTC ratio is on a breakdown, and if Ethereum fails to break past key resistance levels, it might indicate a weaker future performance for the Ethereum ecosystem.

The analysis of historical market cycles and trends can provide insights into potential future market behavior, despite changes in the market environment.

Transcripts

it's been three weeks since bitcoin's

put in a new all-time high price we're

seeing the grinding effect of a board

market now we're starting to see the

stock markets roll over potentially

going through one of their largest

declines in the last 6 months is this

seasonal should we expect further

downside on the markets and of course

what does this mean to bitcoin and

cryptocurrencies throughout 2024 as we

lead into the election the big 4year

cycle hit that like And subscribe we

home of macro cycle analysis we cover

Bitcoin cryptos the stock markets and of

course the real estate cycle let's kick

it off now with what's going on out

there in the media Wall Street sells off

ahead of jobs report investors digest

fed's comment we're seeing that across

the board with the largest Corrections

in many many weeks and for the Dow Jones

this is now the largest correction in 6

months so the October low came in you

can see back from mid October the bottom

there that was 5.5 we're now at

3.67 so largest correction we have seen

now I'm going to go through this and uh

the S&P and NASDAQ in just a moment to

have a look at the key Pivot Point areas

but let's just finish off with the uh

the rest of the data here the economic

data looking at the interest rates of

course as a reminder we have been on the

ball here with the interest rates

looking at there being less Cuts than

what the masses had hoped for what the

analyst had predicted the beginning of

the year which is where this post came

out there was a cut every single meeting

a few days earlier you had to cut going

back to December as well now of course

the opposite has panned out there hasn't

been cuts and it's remained on pause but

every time we see some sort of days down

for the the stock markets well the

predictions change and you start to see

a shift to the left to hope for more

Cuts but if things remain relatively

strong as we'll show in the charts in

just a moment then I would expect that

we wouldn't see as many Cuts as what the

market had predicted which is

essentially what's turning out that just

means that there is uh that there

strength in the economy and it's and

there's strength in the stock markets

which is essentially where you and I are

putting our money remember we trade the

charts we don't trade the economy even

when some areas seem like they're doing

bad we're trading the charts and if the

charts are going up and you're only a

spot Trader well then you're going to

make money as the markets go up not

listening to The Hope of major

Corrections or recessions and all that

sort of jazz so terms of the news that's

that's coming up in the next 24 hours

you've got the nonfarm payrolls coming

up next week is the CPI data these are

volatile periods in the market and

sometimes the market tries to front run

what they think is going to happen if it

doesn't occur then you get a flip back

in the price at the moment they're

thinking the data is going to come out

worse and of course we've seen the

largest correction now since October but

of course that's six months scroll out

take a zoom out here Zoom back you can

see that we are well into the all-time

high territory well above the old

all-time highs and in terms of

corrections as we've covered before it's

essentially the uh the grind up effect

in this stage of the bull market now if

you look at the Dow Jones the correction

is 3.6% throughout 2022 it's put in much

more significant Corrections which then

begs the question could we see a larger

correction of course anything's possible

I'm some guy on YouTube but I'm just

going to focus on the charts here and

what we have seen now for essentially

the last 6 months going back to the low

uh 12 months going back to the banking

crisis low and then uh what 18 or so

months going back to the O October 2022

low out of that bare market so we' had a

lot of time to consolidate before we

break out into new all-time highs it's

normal to see single digigit Corrections

and if we look towards the forecast now

for the seasonal patterns in an election

year uh what we've seen now with the

sitting president running excluding 2022

that would be the black line here which

of course Co came in and gave a bit of a

swing to the Chart itself so excluding

that particular year well then over this

period of March April May into June so

you know the next couple of months could

be sideways there's there's going to be

some swings in it of course uh basically

turning into a trading range but that's

essentially what has happened every

single presidential cycle year over this

period so we're starting to see the

beginnings of that with this 3.6%

correction we take a look on the S&P

it's at

2.68 and the largest correction so far

was 2.88 so for those key points in the

market where we would look for some sort

of overbalance now so more selling than

what we have seen previously in this

entire move we'd look forward to uh

Monday Tuesday of next week because that

would take us out to the same time frame

of as the previous move and we would

look for roughly the same amount of

points not percentage but points to the

downside as a previous move so we've hit

that now at 143 but the time is still

shorter so uh next week we'll be able to

figure out whether this is going to be

an overbalance in time and price and it

also has to meet another criteria of

breaking key support levels so there's

still a lot of support in the market

even though this can be one of the

largest Corrections in the last 6 months

remember to always zoom out and then

have an understanding of the stage of

the Season that we're in and of course

the stage of the cycle as well we've had

a very significant runup for the stock

market and Corrections are healthy

provided they remain above key support

levels and what I'm explaining here is

where those key support levels lie if I

saw this Market come under 5,000 uh

probably 4950 to 5,000 that's going to

be a little bit more wiring longer term

it doesn't mean the bull market is over

it just means that we may see the price

remain underneath the current top for

longer than if the price just drops back

to roughly 50 5,50 to 5150 so

essentially it's just assessing the

strength and the weakness in this Zone

it's stronger in this Zone it's weaker

just means more time will occur to get

back to the uh old all-time high whereas

here the old all alltime high will be

hit quicker than if it dropped back now

the area that it would have to fall to

to break this whole thing down you get

your major recession depression bull

markets off blowoff tops happened the

markets are in shambles first area of uh

support to break would be right through

here looking at roughly 4700 points

underneath the previous old all-time

high and it would be the key support

level before the market took off that's

the first level then you would look back

to the 50% levels so let's take this

from the top to the bottom the major one

here now somewhere back under 45 to 4600

points you can see how far away that is

from the current price and for it to get

back there would be pretty significant

double digit losses a long way from that

point but I just wanted to mention where

those particular areas would be should

you see the top in the market and that's

it game over the show's over let's go

home from this point right now we're a

long way from there and we're still in

the end stage of our 18.6 year real

estate cycle we're roughly here into the

win's curse phase which is this last

pushup into the tops this is for the

real estate and the economy the stock

markets maybe sooner usually they top in

a little bit later so keep that in mind

as we head up into the next couple of

years the other thing seeing is gold

just have a bit of a day off here after

eight straight days up you guys that are

trading might be familiar with Gan 7

to10 bar Rule now over the last again 6

months whenever we've seen these seven

to 10 bars in the same swing so don't

worry about your colors your Reds and

your greens the swings are far more

important than a red day or a green day

because you can still have a higher high

and a higher low on a red day as you can

see back here uh you can see it through

here as well there higher high higher

low essentially when you see these big

long extended moves typically there's

some sort of Correction so for Traders

this is fantastic and what you can see

here is we've got another one eight days

straight up potentially we might see

some sort of average correction here of

2 to 4% from this price if it was 2%

maybe somewhere down to about 2200

points it's going to be 4% maybe

somewhere again down to uh 2200 points

if we look looking at the the 2% maybe

2,270 bucks down to about 2,220 bucks so

these things have come across every

single time over the last six months and

although the market goes slightly higher

you typically see some sort of

Correction after these extended moves in

the market especially with uh with gold

in this case so bitcoin's met the first

Target That's That Swing bottom it was

able to close above that for yesterday's

bar now the next level that it needs to

get to is this top here here which is

pretty close in line with the 69k level

that's 69,000 which it was rejected from

the top is at

69700 so in a short-term time frame

that's the the move that Bitcoin needs

to do next in terms of a percentage

you're looking at about 2 to

2.2% and you want to see daily closes

above that level to then get in tune to

try to press to new fresh prices again

but Michael's got a great short-term

analysis video on his channel uh link to

that in the video description to his

channel there just looking at the

possibility of a trap here so basically

a bull trap where we run up test and

then come back under these levels so

that's still all in play because we

don't have those closes above 697 I'm

looking for this bar here and of course

69 but in the short term while Bitcoin

remains above the swing bottom it's in a

space of strength even if it is just the

4-Hour chart that leads us to the longer

term time frames for BTC and we're

currently in a red April now there's

still 26 days to go for till the end of

this month and if you look at history

April has been a relatively good month

for gains for Bitcoin over its entire

history however there have been three

times that there have been red months

you got two there 22 21 and also 2015

could we get another red month if we

take out the data here for April this

year because we haven't finished April

well then you get very good results

about 77% chance of a green month but

that's assuming that the aners are all

equal and we don't take into account

what's happened over the last seven

months Bitcoin has seen 7 months of

green there's not been a time that we've

seen eight months of green this could be

the first chance that we see 8 months of

green in a row especially with such a a

good result here for April over the long

term but when you start to weigh in

those probabilities of it hasn't

happened before it's pretty it's quite

an extended run to try to get your eight

green month especially with the overall

landscape also looking like it might

come come back for a bit of a pause here

especially with the the seasonality then

you start to throw the the probabilities

on the side of maybe might just be a bit

of a pause year because when you look

back at

2021 this was the peak of the market

it's still a red month but it really

wasn't Red by much

1.76% you had to wait till May before

the market basically tanked got its Feet

Again found its grounding and then took

off to that new fresh high that happened

in November of of 2021 so when we look

at this we got seven green months in a

row we've got one 2 3 4 5 6 months

within the swing in a row the

probabilties start to get stacked

against the likelihood of more fresh

prices to the upside hold your horses

this is fantastic news if we are to see

some price consolidation at these levels

so one thing that I've come across a lot

uh that is I guess from from some

comments is that comparing now to

previous times in history previous

Cycles is not something people like to

do or at least new people expect

fundamentals that have changed would

mean that the markets now are all going

to change the charts are all going to

change and my simple answer to that is

so hopefully people don't get caught up

in it prices change we're trading at 60

Grand instead of 6,000 instead of

600 fundamentals change we got ETFs now

we didn't have ETFs last time we had the

Super Cycle Theory we we had other

theories of Bitcoin going to a million

and the previous cycle we had icos and

the previous cycle to that Bitcoin was

you know first getting discovered into

price these massive price discoveries so

prices change fundamentals change but

human emotions never change and what

human emotions are are the reactions to

the market whenever we get super excited

no matter what the fundamental was no

matter what the price is because it

could be any particular crypto you take

your pick on the side here they've all

got different numbers human emotions

never change and that is something that

we can rely on moving forward in the

markets because that's essentially how

they've worked over the entire course of

history and the way that those human

emotions are plotted are on the chart so

there's no guarantee that we're going to

get an exact hit rate we're going to be

100% right in the future but we can rely

I think the most on that humans will do

the same things with the same emotions

at similar times in the cycle forever

and ever and ever now that's a theory I

take into the markets some will disagree

and they'll say things will change and

they'll say human emotions will react

differently to certain things and of

course everyone has their own beliefs

and own ways of trading the market which

is what makes the market so interesting

to continue to study as a a lifelong

Endeavor which is what I've chosen to do

so if you see it different

that's great we'll see how it all pans

out at the end of the day and hopefully

you make coin and I make coin and we all

live happily ever after so there's my

rant about fundamentals and how the

markets can essentially remain

relatively the same or move relatively

similarly and we can review the past to

forecast to some degree the future uh

you choose otherwise that's cool too

let's move on with having a look at some

of these areas in terms of the 2012

cycle into 2013 and of course the

following cycle into the peak of 20177

now at these lows here the market found

a peak in August and then we found that

next peak in April so we're kind of in

that similar time frame now we got a

peak in March so far we haven't seen a

higher high the point of this part is

once we broke through into new alltime

high territories there was about nine

months left and I'll show you the other

data through into the Peaks and the next

ones however the consolidating periods

are the most important time at this

stage especially for cryptocurrencies as

I'll I'll show you in just a moment now

we found that Peak and it the market

essentially went sideways it got boring

the retail Market lost interest and we

see that on the exchange volume as well

essentially there's been less trading

happening on the exchanges and you need

to see more of that come into the market

to get these big blowoff moves

especially for the retail coins which

would be your alt coin tier you're not

seeing institutions and all sorts of uh

hedge funds and and whatever you know uh

ETFs getting created for alt coins you

are just seeing degenerate gamblers some

great Traders making bank from the

markets heading up whenever there is a

lot of volume in there to the upside or

to the downside so this here if we do go

into a longer consolidation Zone after

significant moves to the upside 1 2 3 4

five six green big bars here to the peak

then there was about 5 months before it

broke out on the six Monon here of

consolidation it's just an idea doesn't

need to be 5 months it could be a couple

of months like we've seen already in

this cycle for Bitcoin in

2023 we've already seen a 7mon

consolidation period but to the downside

it was essentially 60 days and another

60 days and then it took off from there

we've been green for the last seven

months and six months within this swing

of pretty significant upside moves so

the these periods in the market that I

that I think we're potentially entering

now whether it's one month two months 6

months this is where the consolidation

happens uh there's a it's boring there's

loss of interest but then what follows

is that fast pump late buyers returning

and they miss out it happened twice in

the 2012 2013 run it happened once twice

in the 2015 to 2017 run and you could

argue that it happened again at the

accumulation bottom in 2021 run

you had it at the low this was very very

quiet here in 2019 you had a similar is

period through here without the co drop

this was very quiet this also was quite

quiet around the harving and then it

took off again another quiet period as

everyone got wiped out in May 2021 and

then we had that final run up which

leads us to now we've had a couple of

quiet periods after that June drop it

basically got rid of most people there's

still a bit of noise here but once FTX

came in basically the noise left and it

was very quiet through December until we

got that pump up in January it went

quiet again through the periods of uh

May into June July August into that low

of September and then we're seeing an

explosive move from that point so I

wouldn't be surprised to see something

like that happen again even if it goes

slightly higher or we take out the low

of March it to me it's not the end of

the world because the cycle is still

well in play and a a consolidation like

this like we've seen over the time six

bars here five bars here another four to

five here four to five here that four to

six-month

period results in extremely explosive

moves you just have to look back to 2023

to see that sideways move kept everyone

out and you get these extremely

explosive moves to the upside now this

is the crypto total currency market cap

excluding the top 10 in dominance so

we're just looking at percentages here

this chart does not have to go up

forever you you could get the top 10

taking more dominance over the entire

Market in the future which would then

cause this to go down so that is a

disclaimer here however from what we've

seen in the past so far maybe this is

one of the final cycles that we do see

head up you've got a Bitcoin alltime

High Bitcoin alltime High Bitcoin

alltime high now after that period

explosive move down little further down

explosive move maybe we see a little

further down so this is all those

cryptocurrencies that might have more

cooling off to do maybe we also see

another explosive move to the upside

this to me is still in play we're still

above very key support levels the only

thing right now is that we're finding

ourselves hit a resistance level twice

now maybe even three times if you want

to include April so maybe we do get a

bit of a pullback here before a breakout

and the explosive move can start of

course this is all just my theory my

analysis especially if we were to see a

cool off here in April and then

potentially into may but I think that

just builds a better foundation for that

next explosive move and the longer we're

here provided we hold up the better that

next move to the upside is going to be

I've got a couple more to show you here

eth eth BTC is actually on the breakdown

so you might recall a couple of months

ago I was looking at this potentially

being consolidation to break out it did

not get there it failed this was the

level we had on the chart we're looking

at 6 million Satoshi it did not break

the 6 million Satoshi therefore it had

to go the other way that's just how the

analysis works but should this hold up

there's a lot of butts in this one if it

holds up it could be similar to what we

saw in the previous cycle you got the

new Bitcoin alltime High eth BTC went

lower here so Bitcoin was still holding

out Bitcoin held its ground then broke

to new new Highs but that put pressure

on eth BTC which then finally had a

turnaround and then it took the

spotlight overall this is just my

thoughts looking forward to the eth

ecosystem and where the salana takes

over and all that sort of stuff if you

care to

know if eth is unable to break past this

resistance in this cycle that might be a

significant call that the E ecosystem is

not going to outperform in the future

some may have already come to that

decision on their own

the chart would tell me in the future

this is a macro Outlook now this won't

be decided I would say for at least the

next couple of years so as I said some

might have already decided that say well

salana forget eth is going to be

something new after this okay I just

want to look at the facts from the

charts as I said if this break down

breaks down and is not able to get back

above that key 50% level then the eth

ecosystem is probably not going to be

the great thing the thing that takes the

market to the next stage in the coming

Cycles just keep that in the back of

your mind and watch this chart here

moving forward into this next stage of

the cycle even though I'm very bullish

on altcoins that they're going to pump

and you know break into new fresh highs

come this next push uh this is really

going to play a big part on whether that

e ecosystem is going to make it come I

guess later in this cycle and

potentially that next cycle as well

nonetheless this is where we sit USD low

bottoms have formed new Bitcoin alltime

High another fresh break to the downside

for E has happened before already and

what comes after that is a nice push to

the upside for ethereum so I don't think

it's all bad news for the rest of this

cycle but I'm just keeping some key

resistance levels in mind for the eth

BTC chart to help me understand the

ecosystems moving forward from a macro

perspective not the day to day or week

to week but from the months and years

years ahead to see who is winning this

race factually speaking from the chart

not necessarily the fundamentals or the

subjectivity about who's what fees this

and that and the other all right that's

the video today thanks again guys I'll

see you at the next one for this

everything bubble that is popping off

until then take care and peace out