BREAKING: BITCOIN ABOUT TO DO SOMETHING THAT ONLY HAPPENS ONCE PER YEAR

Summary

This transcript discusses a crucial event in the Bitcoin market, focusing on the Stochastic RSI indicator, which typically predicts significant yearly price movements. Historically, this cross has marked pivotal shifts from bear to bull markets, often occurring between September and October. Examples from 2013, 2016, 2019, and 2021 highlight its accuracy, with Bitcoin prices surging after the cross. The presenter urges viewers to pay attention to this signal, emphasizing the potential for another major move and encouraging them to sign up for alerts before a promotion expires.

Takeaways

• 📈 Bitcoin's stochastic RSI crosses once per year, typically around September-October, signaling major price moves.
• 📊 Previous stochastic RSI crosses in 2013, 2016, 2019, and 2021 marked significant bullish rallies.
• 🔍 A stochastic RSI cross is imminent, though it hasn’t been officially confirmed yet as the fast line must rise above 20.
• 📅 Historically, these crosses happen during specific months and have led to major Bitcoin price increases, including moves from $25K to $74K in 2023.
• 💡 The presenter emphasizes the importance of market structure, warning against fake outs that mislead traders without a deep understanding of price movements.
• ⚠️ There’s potential for a failed rally if Bitcoin doesn’t surpass its previous swing high, around $71K, similar to what happened in 2019.
• 📉 Failed rallies typically result in price corrections that take out previous lows, as seen in the 2019 scenario.
• 💪 The current market cycle is considered to be in Phase 3, with strong comparisons to past market cycles, particularly the years 2013 and 2021.
• ⏳ The video stresses urgency, urging viewers to act quickly to benefit from trade alerts and discounts on crypto courses.
• 💵 Testimonials in the video highlight the success of past students who have profited from the crypto strategies taught.

Q & A

What is the significance of the Stochastic RSI in Bitcoin trading, according to the script?

The Stochastic RSI is significant because it typically marks the biggest price moves of the year for Bitcoin. According to the script, these moves usually occur once per year, around September to October, when the Stochastic RSI crosses above the 20 level.

What historical examples of major Bitcoin price moves are mentioned in the script?

The script mentions Bitcoin price surges in 2013, 2016, 2019, 2020, and 2021. Each of these moves followed a Stochastic RSI cross, with Bitcoin prices increasing significantly during those years after the cross.

Why does the speaker emphasize the importance of September and October for Bitcoin?

The speaker emphasizes these months because historically, Bitcoin's Stochastic RSI crosses during this period, leading to major price increases. The script suggests that the timing of the Stochastic RSI cross during these months is consistent across different years.

What does the speaker suggest about Bitcoin’s current market cycle in 2024?

The speaker suggests that Bitcoin is in phase three of the bull market cycle, with current price action potentially leading to another significant move. However, they note that while past cycles saw major gains, this cycle might show different strength characteristics.

What potential outcomes does the speaker discuss based on past Stochastic RSI crosses?

The speaker discusses two potential outcomes: one where Bitcoin experiences a major rally, as seen in previous cycles like 2013 and 2021, and another where Bitcoin has a 'failed rally,' similar to 2019, if it doesn't break above certain resistance levels.

Why does the speaker caution about 'fake-out' Stochastic RSI crosses?

The speaker warns that sometimes Stochastic RSI crosses can be 'fake-outs,' leading to temporary price increases that don't break key market structures. These fake-outs can mislead traders who don’t understand market structure.

How does the speaker compare the 2024 market cycle to previous ones?

The speaker compares the current 2024 cycle to previous ones, noting similarities between 2021 and 2013 in terms of short-lived rallies. They also note that the 2024 cycle shows different market strength due to how price structures are forming.

What are the key market structures that the speaker says Bitcoin needs to break?

The key market structure mentioned is the resistance level of $71,000 to $72,000. The speaker emphasizes that Bitcoin must surpass its previous swing high from July 2021 to confirm a strong rally.

What are the risks if Bitcoin doesn't break its previous swing high, according to the speaker?

If Bitcoin doesn’t break its previous swing high, the speaker warns that it may experience a failed rally, leading to a drop below its current support levels, as happened in past cycles like 2019.

What does the speaker suggest about market phases and their significance?

The speaker explains that Bitcoin goes through different market phases, with phase three being the most critical. In this phase, Bitcoin's price action interacts with prior swing highs, and breaking these levels is crucial for continued upward movement.