Bitcoin Breaks $50,000 | Massive Bull Run | Check These Altcoins!

Bitcoin is trading around $50,000 – everything suggests we are entering a huge bull run. Join me and John Wick, the anonymous veteran trader, as we dig into the charts!

John Wick: https://twitter.com/ZeroHedge_

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#Bitcoin #Crypto #Trading
Timestamps:
0:00 Intro
1:40 John Wick
2:50 Bitcoin update
5:15 Ethereum
7:04 Solana
10:10 Render
11:30 Coinbase
13:14 INJ/Injective
16:51 Arbitrum
18:40 Flare
19:40 Sei

The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to “Buy,” “Sell,” or “Hold” an investment.

After 776 days Bitcoin made it back above 50,000 although now trading around 49,500 because CPI numbers inflation came in hot putting a very temporary hopefully spoiler on this bull market I think it’ll be very very temporary and guys this is a really huge marker like I said

50777 days Bitcoin has only spent a total of 190 days over that level total in its history it’s been a very very long time coming driven here by Bitcoin spot ETF buying today’s going to be a little different it’s going to be a shorter stream I’ve got John Wick we’re

Just going to look at a bunch of charts and trades your requests from Twitter yesterday you guys don’t want to miss this let’s Go What is up everybody I’m Scott mker also known as The Wolf of all streets before get started please subscribe to the channel hit that like button you may have noticed I’m pretty sick woke up at 2 o’clock in the morning this morning feeling pretty awful and it’s only

Gotten worse since but I’m going to show up anyways because I know that I’m not going to be here tomorrow kids been sick you know how it goes man just the thing it’s all going around so we’re going to cook through some charts here not going to have a long-winded interview

Conversation about future of Bitcoin and power of ETFs we’re just going to look at some charts and see what’s actionable of course I’ve got Wick here joining what’s up man how are you hey Scott good to be here man thank you so much you are welcome very much people are saying it’s

A Super Bowl hangover def definitely not the case unfortunately definitely not the case I wish it was a Super Bowl hangover that’d be a much better story so listen what are what are we looking at here like as I said we’ve got the CPI report came in we weren’t planning to

Talk about this but we probably should at least mention it consumer Prices rose 3.1% in January from a year earlier that was a cool down from last month but more than the 2.9 increase Economist pulled by The Wall Street Journal expected of course guys so core prices were 3.9%

Above the 3.7% increase economists expected so the numbers are actually down but they’re higher than expectation and we all know that all that matters is expectation right beating that expectation there you go yeah so a bunch of people take a guess and then markets react back to

Whether or not their guess is correct but let’s let’s take a look at the the Bitcoin chart here first I mean pretty astounding move here above 50,000 uh really really really powerful on the back of 1.5 uh billion in spot ETF buying just the last three days so we’re

Getting net inflows over 500 million a day now yeah no it’s it’s amazing and that’s that’s exactly what what I assumed right we just make our assumptions but I assumed it would take I think I even said this in your show that I think thought it would take about a month or

So for everything to to digest to really see the power of that ETF come alive and um I’ve actually been one one of the only ones I’ve seen that’s been charting the ibit chart and it looks amazing I mean it it looks it looks really primed

And good for this bull market so I’m excited about it all right so what are we looking at on the Bitcoin chart has anything changed for you obviously on the weekly this just looks like a monster chart no reason to fade anything yeah Scott absolutely so um won’t go

Through this all again like we’ve done on your shows but uh you know I’ve said we’ve been in the stage two breakout uptrend and um once we went parabolic here I mentioned to you that uh when we had the squeeze breakouts that when you have these parabolic moves right if if

If you have the dots all you really need to do is keep long when the dots are green and they’ve stayed green so I’m still bullish the dots are still green I do think that we’re going to have some trouble here so if you if you look where

You Consolidated over here while we had trouble here if you go to the left here it’s because all of this price action here jumbled up and we have the same thing that’s going to start happening over here between 5050 and 52,000 so that’s what I think we’re seeing we’re

Seeing this resistance from all of this Supply over here and also think that just in general $50,000 being such a round number um assets normally have a little bit of issues and problems as you reach those round numbers um but I think we’ll break through it Scott but uh in

The short term I do think we see some short-term uh resistance in this Zone if we switch down to the Daily charts okay you can see the same thing happened here we went through this uh little stage four okay we broke out went into a stage one basing your sideways pattern broke

Out into your stage two still has green dots on the daily as well so both on the daily and the weekly chart it still looks very bullish not slowing down now but I know that I saw and I know you mentioned it as well that there is a bit

Of bullish sorry bearish Divergence on quite a lot of charts in the Bitcoin um Bitcoin assets uh I actually like that because I think it’s going to give us some time to kind of slow down down a little bit here at this 50 50 to $52,000

Area I think that’s going to lead to the the SS uh pumping and they’ve already started to pump so let’s now switch our Focus to the alt Mark market and see some good opportunities that are happening right now we’ll move to eth and I wanted to point out on eth

Something very interest yeah look at this so I didn’t see that on the monthly squeeze breakout wow okay on the monthly we’ve actually never had a a monthly squeeze on the eth so I’m actually very excited about this for the those of you that don’t know what this means for for

Those new viewers here uh to myself and Scott show uh this little shaded area here when this starts to print okay what it’s telling us is that volatility is being bent up and it’s pretty much a signal to let you know that an extreme move is coming okay you don’t know

Whether it’s going to come to the downside or the upside but as we see the green dots it does give us some Clues and then eventually we get this breakout Arrow you it’s hard to see because you got a DOT right here but a breakout Arrow from the The Squeeze shading let

You know that the breakout is to the upside so that extreme move is to the upside just started on the monthly chart we’ve got 16 days until this candle closes and if it closes anywhere in this region even right here where it is right now it’s still the highest close it’s

Had so far in the cycle so very bullish on eth as I’ve been saying we get a little bit we sniff a little bit more of that ETF uh news and this thing flies in my opinion so I’ve got my bags loaded and I think this is a good uh good asset

If you’re if you’re trying to play the Market um in the next six months I think it’s going to be a good one I totally agree I just want to really quickly go back and show people that bearish Divergence just I can see that that’s the 4 Hour chart very overbought up to

87 RSI uh topping 78 there multiple bearish Divergence another one you could actually add here yeah little one right there so um yeah I was making the case for a cool off seems reasonable yeah yeah yeah and we love cool offs right after this because that’s that’s when

That’s when the alts fly uh so yeah eum looks good and you know talking about ethereum it’s only right that we switch to salana right everyone thinks that salana is going to flip ethereum right I think there’s killer right yeah yeah exactly I don’t know if it’s gonna kill

Ethereum but I I sure have bags packed for both to take off so looking here at at salana again for those of you that have been following me either on Scott show or just you know on on my um my feeds salana is my favorite asset for

This for this bull market okay it’s my biggest position full transparency and as you can see here we start off on our stage one basing stage one basing for those of you that don’t know it’s a consolidation phase that comes after the bare Market or a stage four downtrend

Okay so in the stage four when it breaks below this track line we call this the track line okay you simply just don’t buy you stay out of the market this is your stage four downtrend bare Market no matter what happens Until It Breaks above the track line again but before

That happens normally you’ll start to base for a long period of time we call this the stage one basing now most old school crypto guys will buy these stage one basing um you know whenever they start and they’ll just hold them for a long time because they think they will

Pop to me I don’t like doing that because these stage one basins can go on for days weeks months even years so I don’t buy these basins instead I try to look for those stage two breakouts that are already happening and keep rotating into these okay so once you identify the

Stage one um you know you get your little breakout Arrow dots breaks on into stage two this is stage two uh part one okay breaks above it then you get your next resistance over here from here this is uh stage two part two breaks above it this is when the parabolic

Phase starts and as you can see Scott also on salana we have not stopped having green dots and I think last time I was on your show uh we actually were right here this actually just happened and I think you and I both called this being yeah yeah and we called this being

The low for salana you both you yeah I bought a bunch that I finally bought some yeah perfect move and as you can see what happened it actually tried to to tag the track line a lot of times this track line in these uptrend moves

This will act as support so you have a little breath then it bounces back up salana is so strong it couldn’t even make it down to the track line almost did so yeah I think this is still very very bullish I think that if uh Bitcoin

Kind of just uh you know takes a breather I think we’ll see this a lot higher and it has been uh performing pretty well actually uh I’ve been watching it with Bitcoin going down it’s it’s it’s very strong so um that’s good we can even look at it on the very

Strong even though they went offline a week and a half ago oh oh yes actually that’s true as well still keeps going it dipped for like 5% for an hour and right back up didn’t even care absolutely in fact I bought a little scal position over there I knew that was going to

Happen everyone gets bearish on these but I mean sana’s gone down so many times um in my opinion okay this is why I was still bullish I think salana going offline I think that was already baked into the price so it’s not the first time Sal’s gone off uh this is just

People that are just trying to cause f there’s a lot of Salon of haters out there I don’t know why I don’t know why guys are hating on this instead of just joining the party and making money but um yeah it was it was a fud story so

Let’s move on to render here this is another one of my favorite coins you know typical patterns that we always look for you got the stage four downtrend you start printing your printing your bottoms now these these bottoms a lot of times they will actually help me identify stage ones

Right because where are stage ones stage one happens after you have that bare market and then you start to base Okay so here we are having these bees giving us a little bit of Confluence one of my favorite setups right is is having bees and then going into a stage two right

Seeing those green dots going into a stage two and then look what happens we pull back we get one of our next setups The Squeeze shading that I just talked about right eventually we get the green bright green break cut Arrow not to be confused with the strength Arrow breaks

Out into stage two right above this resistance and here we go boom hit a little bit of resistance come back tag the track line just like I told you guys green dots and here we are if we do close here Scott it will be just going

To say a weekly close there after that Line’s been basically the close for four weeks and it’s gone and it’s gone I love render render and Sal so render is built on salana so they’re kind of synergistic in my opinion um but this is another one

Of my favorite bags to hold here so hopefully it performs well and to me it looks very very strong this closes here and as you said I think it takes off after that so guys that’s another one to watch in my opinion moving on here this

Was one of our requests I had a request for coin coinbase okay so how’s coinbase doing so again as you can see in the stage one basing what do we have our bees our bottom signals to let us know this is stage one then we get our

Squeeze shading I mean this is this is like printing money over here a large move is coming you wait for it either break below uh a support or above resistance what does it do it breaks above resistance we got green arrow green dots we’re above a green track

Line and look what we get a squeeze breakout Arrow from The Squeeze shading boom boom this is our stage two you ride the green dots until they stop right boom boom boom boom where do they stop they stop right here almost at the top we go set up for another move we escape

All of this while people are trying to buy these dips they think this is going to pop up okay what happens we wait for our next setup again Clockwork squeeze shading breakout here we are so this is our next setup guys coinbase is breaking out on the daily chart okay so I tell

You one other thing too because this starts unbelievable if you if you looked at coin and I had it on trading off as well but if you looked you had obviously the the move all the way down from the uh listing kind of came down here 40

Bucks there was this deviation but look at the resistance that was formed when you made this range and look at the I had drawn this literally uh in November but uh look at the retest here like so if you just waited for the you know patiently for support resistance to be

Retested as support you got a perfect entry within a dollar or two keyw there patience I talk about this a lot I think a lot of people lose too much money because they get too greedy the emotions kind of you know kind of hit a peak and people can’t be patient enough right

They they have that fear of missing out patience is what makes trading you got to wait for the setups and if you don’t you know you’re at your own Peril let’s move to inj uh injective another one that was a um a request you know guys I

Don’t mean to be repetitive but this is what our stuff does you have your stage one basing here after stage four downtrend bottoms start printing you start to think yourself okay we’re in stage two breakout you got a breakout Arrow here was a little fake out green

Dots start again above the track line and they don’t stop all this time you should be thinking this stage one this is stage two this is where we party okay not once does it go below the track line okay you see that eventually once we start basing here now we call this stage

Two we call this a stage three basing this is just like stage one nothing different it’s just called the different name stage three basing we get our shaded squeeze here we start to watch and say okay do we go into a stage four downtrend or a stage two uptrend we’re

Watching right maybe we even draw a little bit of um of resistance right there so we can Define when it breaks out okay squeeze shading Green Dots all of a sudden breakout Arrow above resistance this is the money maker you this is what I play you find these all

The time and you’ll be rich this is it green dots all the way ride the green dots when did they stop they haven’t stopped yet however I do want to note that I do see a lot of Wicks to the upside so it does seem like there’s a

Lot of pressure to push this down and this would be again a stage three basing where it can break into a stage four or into a stage two simply draw your res your your support right at the bottom your resistance at the top and wait for

The breakout right so this one I would actually if I was in this move for you guys I would think about taking profits on injective not the other ones but injected because I see all these Wicks to the upside and it starts to come down here on the stage three basing so not

Worried yet but you know um it would be a good time to take profits if we break out into stage two you can always redeploy them if it breaks out into stage four glad you took profit so that would be my uh opinion not Financial advice but opinion on injective not my

Not my favorite but it has been good to ride and you know if we look at the daily chart it is showing a little bit of a setup you know bottom setup with green dots but I don’t like it on the weekly so shortterm move we might get a

Little bounce I don’t like it uh long-term right now I want to I want to wait and watch and be patient um you got anything on that Scott or should I move yeah totally I just wanted to mention obious viously that we had the all-time high from the last cycle at

2531 and that has not been retested so like I’ve had I’ve literally have bid that area I’m in injective from way below and from last cycle to be honest as I’ve said before but uh remember that should get retested but God who knows right but you know so like

You’re at 35 I do think this will probably come down close to 25 31 at some point I could see it I could see it this is a stage three so and it’s looking kind of weak to me versus the other coins right we call that relative

Strength so on a relative basis you know not much but it is looking kind of weak so I agree I wouldn’t be surprised if it did test that Scott and uh kudos to you because for those of you that don’t know I think Scott got into injective earlier

Than anyone that I saw on Twitter congrats thank you let’s move to our I have sold some though I have sold some just to be honest with you guys I even sold some at 25 on the way up okay the previous alltime high but I yeah I’ve

Sold as high as like 42 bucks so I’ve still got a nice size bag when’s the first time you got in first first time I got in was literally a way over like three bucks the first cycle and then on the second cycle I jumped in like six or

Seven bucks yeah oh my good I rode some of that $3 I rode all the way up and all the way down so you know not that great but it was an investment I I really believed in this from the very beginning so well I don’t blame you for taking

Profits if you started at six um moving on here to uh to to uh AR arbit trian I always have problem saying this arbit yeah arbit arbit good so here here we have a little double bottom for those of you that have been watching Scott’s show hopefully you

Saw me share the setup because this is the first time that I shared the ARB setup because on the lower time frames it was uh signaling a bullish setup and we had a bullish setup on the weekly here we get a Green Dot after the double bottom this is your confirmation this

Bar right here we simply just follow the green dots green bars and look what it look what it’s done it’s gone a lot higher so I have gotten in on this move um I did get in on it when I should with you guys and I’m glad to see that it

Still has green dots I would like to see this weekly candle here I don’t want to I don’t want this to turn into a double top so I’d like to see this close for a close High I like to see it close a little bit higher than these candles

Here so that’s what I’m watching on ARB right here okay uh I am still bullish but I am paying attention I’m being I’m being patient with this one I’m not adding anymore um but if it does break below this line right here I probably cut this position uh and rotate into

Something else so arbs looking good but I want you guys to just watch for it potential double top over here okay uh moving on to flr um flr hold on a second was I going to let me actually check the daily chart here okay so see I say that but look

Here I mean the indicators a lot of times when I fight my indicators I end up being proven wrong so know that as well okay you see a double bottom here you got the bees and then what happens you get green dots this is one of our

Setups from bees to green dots and it’s breaking out higher so watch it but again on the week chart I just want to be again uh acknowledge that you know we do have a a kind of double top pattern here hasn’t confirmed but something to

Watch for just in case moving on to flr this is another one that I really like I’m in it uh Vinnie Vinnie if you’re listening Vinnie got me into this one um very beautiful right U stage four downtrend you get your stage one basing over here Green Dot start and you go

Into your stage two uptrend so that’s it on a weekly chart still looks good we still got a green dot even though we’ve retraced just a little bit not a big deal at all um moving on to the daily chart you know uh same thing right you

Get a squeeze breakout we can even scale out a little more here uh squeeze breakout here stage two uptrend and this is a continuation from this bottom signal followed by Green Dots boom stage one basing stage two boom stage three stage two stage three stage two remember

Stage three is just a sideways pattern and again A lot of times this will be your resolve giving you warning to catch these moves so uh flare I really like flare I think this is going to do really well in this bll market again I do hold this position so full transparency there

Um moving on to SEI another one that’s been hot as of recent super hot these new coins have all just blasted off it’s pretty crazy yeah no absolutely absolutely I’m grateful that I have some friends that that get to kind of tell me about these things so I can start

Charting them early but uh yeah Flair and SEI have been doing great so as you you can see SEI here same thing right let’s just call this Wick stage four downtrend going into a stage one basing pattern I mean again I’m so repetitive but this is this is what trading is you

Get a strength Arrow but we kind of ignore that because there’s no green dots you start to get your green dots with another strength arrow and we’re off into stage two okay looking at it on on a daily chart uh same thing right we uh we have a little bottom pattern here

A squeeze squeeze shading and green dots so here’s a double setup right here here bottom signal the green dots and squeeze shading so what I think is going to happen Scott I think that once Bitcoin starts to just uh cool off and that’s what it’s doing right now I see it it’s

489 um I think you’re G to eventually start to see these things ripire once Bitcoin shows that it’s not falling much and it just kind of stabilizes so all of these ones that I’ve shown you today is are ones that I’m watching and of course

We have our two in the middle here that are um wory requests so any questions Scott no I love that I just wanted to point something out just back to ARB really quickly because there’s and then we’re going to go but there’s a few patterns just for classical

Charis we’ve had a number of alts breaking descending resistance you had ARB doing it here you had JD MBS something I own from the last cycle shib breaking a descending resistance alium breaking descending resistance mettis breaking descending resistance po starter these are just a bunch of coins

That I happened to own from long ago another way guys you can just look for when these downtrends start to end and then go for Confluence with trading Alpha really pretty simple yeah you know a lot lot of ways to skin a cat I guess is the point that I’m trying to make

Guys you know he ran through all those indicators we do I should mention in the description we’ve added a permanent discount which is 10 off so 10% off no matter what for all you guys uh who are signing up uh through me so you know I

Use every day all the time huh I’ve got a gift for them today I’ve got a gift for everyone boy so let’s let’s uh let’s scratch that 10% and let’s give you guys 25% off okay so if you go down to the comments click on Scott’s link there go

To the website if you check out and you enter 25 off 25 F you will get a 25% discount this is only happening during uh Valentine’s and then we’ll revert back to normal pricing so uh there’s your discount code guys and make sure to click the link if you want to uh try

These indicators out um they are mine I did make them and uh if you ever have any questions just DM me absolutely amazing man thank you so much for your time sorry I’m a little under the weather and sick and we had to do it quick today but guys I won’t be here

Tomorrow I actually have a prior commitment uh I’ll probably be in bed to be honest um so uh I’ll see you guys for sure on Thursday man Wick thank you so much that was that was epic really I love to see you cook through those charts thank you Scott thanks for being

Here for all of us too while you’re sick I mean hats off to you for doing that gotta show up all right guys thank you so much thank you man see you guys th bye Let’s dope