Bitcoin and crypto are dying out (what I’m doing next)

Bitcoin and crypto are dying out (what I’m doing next)

all right guys we are back with Bitcoin
dying out and the death of cryptos what
I’m doing at this stage of the market
let’s get through the analysis across
the traditional markets the macro Cycles
as I need to update you there and of
course Bitcoin and
cryptocurrencies hopefully you have been
hitting that like button enjoying these
titles which aren’t filled with warnings
and breakings and crazy headlines and
different sort of crazy titles and
thumbnails we are beginning to break the
YouTube algorithm and get through to a
wider audience that can see content that
I guess hopefully isn’t as as hyped up
if you like that make sure you hit the
like 4,000 likes let me know we’re still
on track with this endeavor to crack the
YouTube algorithm and hopefully bring an
audience in couple of quick headlines
Australia’s top exchange May approve
spot Bitcoin ETFs we’ve seen it in the
US we’ve seen it in the UK and it seems
like Australia’s ASX might bring along
some ETFs later this year at the end of
the day it’s all speculation at this
point could green several spot Bitcoin
ETFs maybe it happens maybe it doesn’t
uh nonetheless the US and Asia of course
have got much bigger money to spend in
cryptos and gamble than what Australia
does but um essentially just going to
the death of cryptocurrencies and the
dying out here we looked at Google
Trends yesterday it continues to uh die
out here basically the market sentiment
and the interest overtime as it says
here has basically continued to fall
with the search term Bitcoin
could do the same thing with crypto
let’s throw that in there you can do a
quick search of this in the morning and
essentially it’s been down so overall
it’s not the worst thing in the world
the facts don’t lie it has died out and
you could essentially see the Peak
Interest around the peak times of peak I
don’t know fundamental announcements and
fundamental news pieces for Bitcoin you
can see the Peaks there for the harving
um basically the harving came out what
last week or week before and the
interest was back somewhere in March
early March and then you also had the
ETFs when that was released so you had
Peak Bitcoin search term interest which
also coincided with the peaks in the
price you had the peak here early in
March basically ran up just a little bit
harder for that final week not that much
further 69k up to 74k you had the lower
top form and then basically it’s come
down from there and we’ve seen the
interest die off we’ve seen the average
ranges of the bars die off so we had
pretty big bars a lot of interest going
on in February and March and now
basically they’ve squeezed up quite a
lot you’ve got a range there of some
days $1,500 $1600 for some of the
smaller days here on BTC so interest has
gone uh the consolidation seems to be
happening even if we are to see some
sort of downside so I mentioned this
yesterday whether we remain at 59k low
which is where it sits right now or it
drops to I took a random number here
49k it seems like Bitcoin is still
putting in a higher low a macro high low
for this cycle we’ve got higher lows
forming the entire time here uh last one
being in January and currently this one
here is in mid April so whether we see a
further downside in May or June or the
low remains on the 19th of April at 59,6
the main point is we’re still putting in
higher lows so I want to show you what
I’m doing in the market it’s going to be
very different to some people that’s
okay but hopefully it will help in some
way and you can start to position
yourself accordingly right now Bitcoin
has dropped about 19% from the top so
nothing different has happened uh
throughout this cycle with each of these
Corrections we’ve seen 60 days to the
lows here back in April to June another
roughly 60 days from those Peaks down to
the lows and again that was about 20 to
22% you probably heard that many many
times before and so 22% from the top
would take us out to roughly 57k so
bringing it down to the 50% level which
is this entire range that’s the ETF low
to the call it the the March top the
hype into that Peak and then slicing
that through the middle that only be
about 24% so really not too different
which is precisely what we’ve been
looking at here when it comes to those
signals from the top top that we have
been following since March the 3-day
down signal um the red weekly signals
this doesn’t suggest that we have to get
a major correction of 40% to take it to
some crazy lows but again I don’t know
exactly what’s going to happen on the
black side of the chart I’m just
positioning myself accordingly if there
was a bigger move great if there’s not
then we know that basically the Market’s
doing what it has done the entire time
you can see for BTC it’s at 47 days down
from the old alltime high so that was
something that we went through with each
of the moves around the old alltime
highs covering the data there and
typically once we get past that it has
moved into that phase of roughly two
months down and then you got to climb
the way back out or you could say
somewhere around that four to 6 months
underneath the old alltime high that’s
what it has done in the past so we just
keep that in mind doesn’t have to happen
but just keep it in mind because that is
what has occurred before especially
after
huge moves to the upside etc etc that
leads us into the weekly chart which we
covered yesterday the three red weeks
which also brings up possible rally
situation and then a further downside
three red weeks we’ve seen many times
before essentially it doesn’t mean that
we go straight down after that but
sometimes you’ll see a rally and then a
lower low so more often than not that
has occurred does the lower low have to
come out to an extreme number not
necessarily it could just be slightly
lower and take us down to the 50% level
which we looked at being roughly 56k and
again that percentage down to 56k was
only about 24% so that could be over the
course of of May let’s keep that in mind
moving forward now over to the
traditional markets uh quick recap here
for the macro cycle before I get into
the
cryptos 18.6 year cycle still in play
nothing has changed here we are well and
truly into this winers curse phase as
Fred Harrison Phil and aill have pointed
out this is the stage where even more
money gets flooded into the system crazy
as it sounds and yes it might be uh
contradictory to what we are hearing
from other media sources there are a lot
of different views out there of course
and I know many people watching will
watch many other channels many other
media outlets and they’ll be saying all
different things so how do you know
what’s true all I would say is go back
and review the history go back and
review the history of the 18.6 year
cycle this is for Real Estate and the
economy those Peaks and troughs in the
Market stock market might run a little
longer we’ve covered that the entire way
through maybe the stock market runs into
20 late 26 or early 27 wait and see we
got plenty of time to go for that period
one thing that is um also suggesting
that there is more money coming into the
system uh Financial conditions are still
loose here is the
anci adjusted National Financial
conditions index and it’s still in the
looser conditions now I could spend a
whole video going over this but
essentially all all we’re looking at
here is that the conditions are still
loose the Cycle’s still up we’re in a
presidential election year it seems
likely that we’re probably going to see
higher prices in asset prices overall
that takes us over to the S&P
500 this chart is something that I
covered last year looking at the S&P as
it breaks into new all-time highs and
what that means for the price of Bitcoin
now this one happened uh two months
later than it has done I mean it’s kind
of been on on par in the past there’s
two months there you can see essentially
the S&P going into new all-time high
prices and then Bitcoin following suit
it has a a bit of a pump up at that time
uh in this case however Bitcoin broke
into a new alltime high whereas in other
cases while the S&P was going up you can
see here in the bars and this is Bitcoin
accumulation through here you can see
the Bitcoin price in Orange was also
rising up and then it went on a bit of a
grind while the S&P also had a rejection
or a few rejections at the all-time high
as it was readjusting to the new
conditions and then it started to move
again into that bull market phase where
the S&P was in a pretty strong bull
market where uh Bitcoin was also in a
pretty significant bull market and then
basically they all came down together
like a did in 2022 so you can see the
S&P 500 Bitcoin be as I’ve covered here
this period the S&P 500 hit a new
alltime high correction another fresh
alltime high but then another more
significant correction in late 2018 yes
it did break to an all-time high while
Bitcoin was coming down but remember the
money printer doesn’t necessarily go
straight into Bitcoin it’s going to go
in the S&P first uh nonetheless Bitcoin
was going down during this period where
the S&P was really essentially grinding
it had its tops it had its bottoms
tested the high prices tested the low
prices continued to grind and then we
went on that next bull market so the
main point here is that when the S&P
breaks into new fresh highs it’s not
long before Bitcoin would break into new
fresh highs in this case Bitcoin got
into New all-time highs as opposed to
just new fresh highs for a period does
that mean this time is different I don’t
think so essentially when this corrects
or when the S&P corrects Bitcoin has
also corrected as well well you can see
here Bitcoin pause correction at first
S&P alltime high and essentially Bitcoin
has corrected here the S&P has also hit
a new alltime high and has also
corrected so what we wait for now is the
consolidation and the next uh signals
from the S&P what is the S&P going to do
next is it going to continue to
consolidate and then try to uh break out
again for a second time which would then
give I guess the markets another reason
to push out to new all-time high
obviously that’s later in the year but
essentially this is still working to a
te so we’ll continue to follow up with
it in the short term uh the S&P 500 has
those three red weeks down and is now
hitting surprise the 50% level 5150 so
maybe we do see it come back down and
test those lows again as it has done in
the past and the past again and if you
wanted to last on another video for
another hour we can go through it again
three red weeks down the rally and then
another test at those lows so it happens
time and time again NASDAQ same sort of
thing here it’s done four red weeks in
this case it’s come up tested the 50%
level at the moment maybe we do see
another um move to the downside to test
those lows over the course of May in any
case this is all from what I can see
just lining up for more consolidation
until further higher prices so that’s
what I think is happening from the
analysis that’s that’s my conclusion
from the analysis
you are obviously welcome to make your
own conclusion if you think this is just
going to keep going down from that point
the game’s over 2024 is the year of the
collapse and the
recession by all means do what you need
to do sell up and just uh leave the
markets but essentially like I’m talking
about I’m looking at the death of
Bitcoin and the uh you know the death of
crypto and what I’m looking to do in
this case so with that in mind let’s
move on to have a look at what I’m
potentially doing with altcoins now this
may differ to what you’re doing what I’m
going to do next as we continue to see
Bitcoin grind out in these uh boring
times here 63 up to 64 down to 62 same
sort of thing over and over again now I
did put it up on the channel a few weeks
ago just looking at altcoins potential
altcoins bottoming patterns to look for
um how you can use this in your own
trading and investing and essentially
some people don’t like that they just
want to be told what to buy the Point
why I don’t do that is because things
change and if you’re not told up to date
every single second of the day then
things can go wrong and I don’t want
things to go wrong for you I want you to
learn how to do it and hopefully be able
to make even more cash so if you’ve got
something tangible that you can use for
your trading then I think you’re going
to be much better off if that’s not for
you there’s plenty of people out there
telling you what you have to buy now and
they essentially won’t tell you when to
sell because at the pigs everyone just
wants to know keep holding keep holding
and you basically watch go all the way
down anyway uh what to do next my
personal opinion my strategies here some
physical staff patience and look for
reversal signals now there’s two
different ways that I can look at it I
pref uh prefer for the market to prove
the move to the upside so basically give
me that Trend confirmation others they
like to keep buying on the way down
hoping that the allcoin is going to
bottom at some point and that they are
buying the low so they can ride it all
the way up to new highs I haven’t seen
that happen so much for many people
because essentially the most of stuff
people pick just keep going down and
then when eventually they do turn they
don’t necessarily go up all that hard or
all that fast so that’s something to
keep in mind um enter positions while
fear is dominant but not too early so I
think that just comes back to point one
be patient and look for those reversal
signals now do not get bored or scared
and leave the market that doesn’t mean
sell it just means don’t change your
strategy that you’re doing every single
day don’t change your daily analysis if
you’re watching and listening to stuff
every day or reading things keep doing
that daily keep looking at your charts
just don’t get bored and leave and then
come back when everyone’s hyped up and
you’re hearing about it at work again or
I don’t know your Mom calling you or
some other the crap like that right
that’s just what it means by don’t get
bored and leave leave does not mean sell
it just means you just get sick of
looking at stuff now if you’re sick of
looking at things you’re probably not
meant to be putting your money into the
market anyway if you get bored of
something
probably means that you didn’t like it
in the first place so what I look out
for my 50% my support and resistance in
those accumulation zones and then first
higher swing lows as support so eth it’s
Meeting those criteria that was the
accumulation prior to the breakout take
this off log so that’s the accumulation
Zone first higher swing lows you could
class as this or this that’s your
technical first higher swing low market
up Market comes back down price is
higher therefore it’s a first higher
swing low um this is the highest swing
low above the previous one but the other
one I like to look for is the first
higher swing low above the accumulation
area because essentially that’s telling
me the market has broken out you know
the asset the altcoin broke out it’s
come back and tested that zone and now
it’s taken off again so the weakness
would be breaking underneath those
levels if it comes back into that
accumulation range breaking underneath
that first High swing low very very weak
and many altcoins have done this your
xrps your a
your stellers whatever else garbage that
came from 2017
2021 that sort of stuff has broken back
under it does that mean it’s going to
fail in the future no but is it a strong
altcoin is it a leader in this market no
it’s not a leader the leaders remain
above those prices now if ethereum was
to do that break under here well then
it’s definitely not a leader you can see
from salana it hasn’t done that uh here
it is soul USD it’s up and it’s down
here so it can fall all the way back to
somewhere around that accumulation Zone
40 bucks I’m not saying it will and I
don’t think it will but if it did it
would still be above those levels it
would just be a lot weaker than
obviously where it currently sits and
ideally you probably wouldn’t want to
see this L go anywhere under roughly 80
to 100 bucks to remain in a strong
position under $80 would uh would
technically put it into a pretty weak
position was back under previous higher
swing bottoms significant higher swing
bottoms so that’s what You’ want to be
looking out for for your altcoins if you
were getting in now and they broke down
from that that is at least in my real
books a sell signal that’s like I tried
to get in it didn’t work out it now has
pivoted and confirmed the weakness
that’s when I look to get out so that’s
the strategy I would use there for any
altcoin keep a lookout on your altcoins
at the moment many of these are still
looking like they’re in strong positions
and continuing to try and hold those
levels that’s a good sign for your alts
now I want to get across into the total
cryptocurrency market cap this thing is
still holding out just looking at some
time frames here for this accumulation
Zone we looked at rules looked at
strengths uh weaknesses we’ve covered
multiple times and in terms of uh the
total cryptocurrency market cap in the
accumulation you can see from the peak
to the high lows it did about a 6-month
period here see 25 weeks and then had
this low the higher low to the top was
also about 6 months if we just move this
six-month bar around you can see that it
does tend to work around this sort of 20
to 25 week moves lows to highs highs to
lows and so it has this sort of rhyming
pattern within uh the cycles of the
total cryptocurrency market cap so what
we’re look out for is six monthly move
sort of that um 5 to 6 month periods as
I said 20 to 25 weeks obviously 26 weeks
is your 6 months and also 50% of that as
we do with price you can see that even
here it fell came back up tested 50%
it’s now fallen away from that 50% which
was 527 billion so if we look at half of
that in time so there’s 13 weeks there
you go half of that from the top that
takes us out to 10th of June so the week
beginning 10th of June call it the first
half of June if we’re looking out for
any sort of higher low or um lower low
maybe that starts to head down into that
June period and then bounce out of that
level so to me somewhere around that
sort of June period for altcoins might
be a good area to look at for a turn or
a change in Trend here at the moment
this is the low and it’s sat on 50% so
it doesn’t necessarily mean that the
strong Al or the altcoin market cap is
going to break that low it might just
mean that we put in a higher low like
it’s done in the past you can see here
the market put in a low ran up put in a
higher low and then took off from there
and so we’re just looking at those
turning points to see how Ong these
periods of the death of crypto the dying
out effect that whole grind the boredom
period that happens in the markets
essentially the times that you want to
be accumulating how much longer might
they last so that then you can position
yourself with your finances your
portfolios how much money do you have to
chip in over the coming weeks or months
do you actually have 6 months left to
accumulate or do you have two months
left to accumulate I think that is going
to help out far more than almost any
other thing in in trading especially if
you’re trying to look to get in
obviously getting out a different story
and the main thing is you want to manage
your risk if you have a bit of an idea
of how long the accumulation might last
this is not guaranteed of course then at
least you can start to position yourself
maybe you might go in a little heavier
over the coming one or two months as
opposed to the next four or six months I
don’t know for sure but that’s the way I
would look at things and then I would
layer that on top of the market
structure if it starts to break
down I’m wrong I got to get out and get
into something else that is stronger um
but if it does put in those higher lows
and then hold out here well then
probably not a bad time within that zone
and that uh leads me to the final point
and that is what are we trying to do
here in the markets we look to
accumulate around the lows we look to
sell out somewhere near the tops or the
other tops wherever that top might be
and we’re not trying to pick the exact
low we’re just trying to roughly gauge
the sentiment of the market uh looking
at the facts the data from the charts
essentially combining those so that we
can marry it with our trading plan and
have a bit of an idea of when we could
start to go a little heavier as opposed
to lighter and that comes back to this
here the defense and the offense defense
is protecting the capital and offense is
deploying the capital so I’d say we’re
somewhere in that offensive period now
knowing that it could come a little
lower and that the defensive periods
will come later the defensive periods
come when everyone else is super excited
about the markets and how they’re just
going to go up forever and you know
we’re going to 500,000 all that sort of
nonsense right so offensive is the
boring times defensive is the exciting
times keep it that simple I’m pretty
sure you’ll do damn well and also in
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again guys appreciate your support Smash
It Up 4,000 likes today’s video and I’ll
see you probably outside tomorrow on
location for a a nice Beach day take
care and peace out

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PS – A common response to stock markets in ATHs is “This is a sign that a collapse is near”. My response is yes, it is a symptom of a collapse but the timing is the issue. Now is not the time for a worldwide collapse. The Everything Bubble must do its damage first (to the upside) for a major collapse to unfold.

Video Description:

My 20 minutes or less “thoughts on” the markets today.

The masses always arrive too late to the market cycle and stay too long. It happens every single cycle without fail. Avoid doing what the masses do when the buy and sell bitcoin and crypto. In this video, we analyse what is happening in the traditional markets, SP500 and economy right now including interest rate cuts and hikes, along with when is a reasonable time to take profits on Bitcoin and what strategy I am using with my bitcoin profits in the crypto bull market cycle.

Like and Share if you want to inform your friends and family.

Timestamps
00:00 Bitcoin, ST, market sentiment
05:30 Bitcoin, macro & 18-yr cycle
11:50 Altcoins trading during ‘the death’
21:00 Defence vs offence & death of crypto, what I do

*I reserve the right to adjust my outlook as more information and data come through for Bitcoin.

➢ Disclaimer: This video is for entertainment purposes only. It is not financial advice and is not an endorsement of any provider, product or service. All trading involves risk. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. Swyftx, ByBit, BingX and Bitget are channel sponsors. All decisions you make are your own. #crypto #bitcoin #cryptonews