BITCOIN DUMP: Double-Digit Crypto Crash (Don’t FK This UP!)

BITCOIN DUMP: Double-Digit Crypto Crash (Don’t FK This UP!)

today’s a bloody day for crypto double digit losses across the board and as I’m filming it looks like we’re getting even further losses and it’s only an hour and a half into the into the trading session so what can we make from the markets right now well I want to share with you some of my wisdom for this stage of the cycle and hopefully the majority of us including myself don’t screw up this opportunity seize the opportunity you know how the rest of the cycle should eventually play out today I’ve got information on fear and greed I’ve got info on the Bitcoin chart right now and of course the total cryptocurrency market cap along with altcoins the big ones as we’ve seen a lot of those bleed out over the last 24 hours so make sure you have hit that subscribe button you’re at your home of macro cycle analysis with me Jason Pino we’re covering Bitcoin cryptos the stock markets a lot of that in today’s and of course the real estate cycle as well so important to know where we are in the broader economy and the broader Financial landscape you guys know the deal Link in the top of the video description this free crypto and economic report is out today make sure you have subscribed right here and you’ll also be notified when our ultimate Trader accelerator is released to the public right now it’s only released to our members all right guys let’s kick it off with this quote and I’m sure Warren Buffett was totally talking about degenerate trading of altcoins when he came up with be fearful when others are greedy be greedy only when others are fearful I think well I feel in this case that the markets are quite fearful at the moment we’re definitely seeing that and I suspect we’ll see more of my alerts pop up as uh the the video goes on as of course Bitcoin just in this trading session hour and a half in is down .6% yesterday had a flush out and then a higher close again above 50% levels after testing 50% and again 50% and now it looks like it’s coming back to test it one more time whether we get a breakdown or not I’ll have a look at that in just a moment but some of the big stuff here obviously eth and salana I want to have a look at as we are getting those losses across the board so some other comments have popped up around what to do now about laggards and leaders whether you should be selling out of laggards and trying to buy the leaders when do you make that switch uh should you be selling and holding sell buy or wait as I’ve got here and do you buy the dip or what I’ve termed coined here is buy the breakout so I want to show those particular options depending on what type of Trader or investor you are you can deploy those at particular stages of the market cycle so just on this obviously was talking about altcoins there’s no freaking way you’d even touch Bitcoin from what we know of Warren Buffett but it’s the same uh situation when it comes to altcoins be fearful when others are greedy and of course I get pretty fearful when the market goes absolutely ballistic especially at Peak Euphoria and it starts to break out really fast like you can see with this particular bar here in February that was really starting to put on a lot of hype in the market and so I start to get fearful it doesn’t mean that I sell out of everything it doesn’t mean that I uh just stop buying absolutely everything because there are times where it’s good to be buying on the breakout as well but this is a time where I become more of a defensive player in the market when things get uh out of hand and that happens in the stock market real estate everything when things get really out of hand you see things get really hyped then I want to play a defensive game with my money as opposed to offensive when the market is at some lows and if you guys have been following I know many of you have been as well uh I talked at length on Twitter and on YouTube about this whole period I don’t claim to know exactly where that low is going to form I just get uh a bit of a idea of around where those lows are and I try to buy up whatever I can when I think the lows are on and then I also like to buy when the market starts to break out as well so I have two different strategies that I deploy here and that’s what I’m talking about when it comes to this bu the uh dip or bu the breakout so it’s going to depend on whichever Market you’re also trading and what type of Trader you are as I’ve said before so that’s what we’re looking at today fear and greed where to buy uh for the stock market where are we in the overall picture as I said in the intro we need to still get an idea of where we are in the financial landscape so a quick review of the stock markets as they hit you guessed it new alltime highs again on the back of more fear in the market this is the fear and greed index from CN then business here it’s at fear yesterday or last week was at fear and I think yesterday as well was at um more fear so it’s basically been tracking around the fearful zone for quite some time and so again it’s basically putting this plan together be fearful when others are greedy and greedy when others are fearful now there’s another thing here uh when we’re looking at some more of the data where that that money is are you more likely to increase or decrease Equity exposure over the coming days and weeks so this was put to uh Institute JPM institutional weekly survey there’s virtually no risk appetite to deploy fresh Capital into equities investors continue to show no love for stocks in 2024 does that sound fearful or does it sound greedy I’ll let you comment down below fearful or greedy what do you think of the overall landscape when it comes to the stock market obviously my opinion is I think that sounds fearful so even though these markets are hitting new all-time highs yesterday new highest daily close in history of course I have to keep repeating this because the market keeps putting on new all-time high closes new alltime high prices um not every day but over the last few days basically all but one day which was Friday’s action so I think the market is still fearful yet it keeps climbing so what does that tell us to me it tells me that this move is not over yet if we can learn anything from Bitcoin and it’s extreme or Bitcoin and cryptos and it’s extreme emotional roller coaster ride of the participants who are basically mostly new Traders or investors well then we can learn that the markets really need to get to a point that everyone is talking about it as you remember from at least the last or the first two weeks of March lots and lots of people were talking about it and as one of the viewers you guys pointed out this particular top here we’re going to come to know it as the Drake top that’s when Drake posted on Instagram to 160 million who however many has got on on IG 160 million people he posted a story of Michael sailor and Bitcoin that doesn’t happen at this period here it always freaking happens at the tops and we are a long way from that in stocks if you had been in the markets in 2021 maybe even back back at 2006 2007 if you’re that old like myself everyone was talking about stocks and how they were all making money from stocks and more importantly at the peak of the last cycle in 20067 they were all talking about all the money they were making from Real Estate so if you ever seen the the movie The Big Short that everyone is talking about all the money they’re making the brokers in real estate the uh in the movie there was the strip club uh clientele and the people in the strip CL club stripping all talking about all the money they’re making we are not in that situation at least from what I can see although you’ve got a few stocks that are leading the charge here like Apple at new all-time high closes again yesterday well you really I’m not hearing about people talking about the stock market I’m not hearing about them making all this money uh all you’re seeing is the price is continuing up even though the institutional clients are at one of their lowest levels of uh exposure or wanting to put exposure into the market that we’ve seen in about 3 years so I think what’s going to happen next is that they’ll continue to get squeezed into the market and they’ll keep having well they’ll have to start to deploy some money into the market because they’re not making money for their clients and eventually the clients are going to catch on that why aren’t you making me money when the stock market is now up in 2 weeks is now up 6 and a half% and if you look at it from the beginning of the the year roughly around here uh you know it’s up nearly 16% and they’re not making the money they’re not deploying the money into the markets because they’re all scared of a potential collapse and so if you don’t have all the money into the markets then it’s pretty hard for the market to collapse because anytime you get any sort of Corrections like we have seen uh you’ll typically see more of that money get deployed into the market which then goes back to our old mate here our degenerate friend Warren Buffett be greedy when others are fearful so you’ll start to see some more of that money get deployed into the market when you see that fear come in and as we can see from the reading well the stock market is definitely in some sort of fearful State even though it’s at new all-time highs and we’ve heard about this before it’s probably one of the most hated bull markets because so many people missed out on this and it continues to climb higher and higher same deal for the NASDAQ new all-time high price new all-time high daily close it just continues on with this charge into new fresh prices here 20,000 first in history it’s hit 20,000 points now in terms of the real estate cycle where are we overall maybe you know my opinion winners curse phase I believe we’re in the winners curse phase now this as you can see here we are here I posted this over two years ago in January 2022 okay so we’re looking at somewhere in this sort of choppy range which we now can see looking back on it two years ago that’s precisely where the market was it was in a choppy range and read this at the top that’s the property and economic cycle just says property there but it’s the property and economic cycle and we know from the US Australia Canada UK roughly they were going through their peaks a pullback and now for Australia it’s up like 16 months in a row real estate you’re basically seeing a lot of headlines it’s just about real estate how people can’t afford uh property it’s getting too expensive for the average person to afford it and uh the same deal in the US you got several months many many months in a row of gains on real estate so I think we’re at this sort of early stage here of the winners curse and before you know more and more people are going to be talking about how they’re making money with their real estate how easy it is to be pulling Equity from the other real estate that you got and then going to deploy that into the markets and what I saw on X yesterday was people wanting to take out loans against their Equity so I put a poll out here yesterday show of hands if you borrowed against your home equity to buy Bitcoin or crypto fortunately I think the majority of the guys watching this are not going to get wrecked by borrowing against their property and throwing it into cryptocurrency that’s a that’s a pretty good thing obviously I’m not your financial advisor it’s not something that I would ever advise to do for the majority of people because we know the majority of people lose money in the markets and the last thing you want to do is lose your home to some garbage altcoin or cryptocurrency for the the sake of trying to make more I think we will see more of this happen towards the peak where either people are borrowing against their homes to buy crypto or even vice versa they’ll have um crypto gains and they’ll be borrowing borrowing against their crypto maybe their stock portfolio to then go and buy real estate Bor borrowing against it that is and then when those prices come down and it’s only a matter of time I think they would come down after some significant Peaks they have to repay those loans well how are they going to get that money they got to sell the property and then you get that big Snowball Effect and that might just be one particular area of the financial market so stay safe as you get into the Peaks as I talked about earlier in the video getting into a defensive State as the markets rise and I’m not saying we’re in that state now obviously not you know it’s down 1.6 there’s a little bit more uh fear coming in this morning with single digits in the last hour and a half at double digits overnight then I think it’s getting to a time to be playing more offensive in the markets if you have that risk appetite to get into your cryptocurrencies in a particular way as I’ve pointed out here by the dip or by the breakout so opportunity as I said in yesterday’s video right here it’s opportunity uh that I think we’ll will have a pretty good chance here over the coming months opportunity to enter comes from fear and then opportunity opportunity to exit comes from the greed so looking to exit in that extreme GED read because there’s a lot of liquidity and there’s an opportunity to enter when there’s a lot of fear in the markets it’s going down down down so that’s a look at the broader picture here I’ve covered the stock markets we’ve looked at the cycle where we are at or at least in my opinion where we are in the real estate cycle which is why I still think there’s more time to go to the upside and we’ve still got a potential final leg here for Bitcoin and cryptos after they find their base and build out of those lows the stock market markets are getting taken Higher by Apple by Microsoft at new alltime highs again so we got to keep moving this every day to new alltime high prices new alltime high closes Nvidia also hit a new alltime high price closed a little lower uh yesterday and the important Point here that I make often is try to buy the leaders and try to avoid the laggards so that gets on to the next point when should I sell my laggards and buy my leaders and why I bring up the Dow Jones here is because you can definitely see that it’s lagging the S&P 500 and the NASDAQ this is 30 companies in the US the S&P obviously the top 500 and the NASDAQ is the top 100 tech stocks in the US so those are leaders those few companies are basically leading the charger and if you’re in those Majors Apple Nvidia or have been for several months or even several years you’re buying those leaders whereas something like the Dow Jones is a clear example of why the laggards lag and why the leaders lead and you’re going to get better returns from the leaders as opposed to the lagers trying to buy up these dips and then hopefully they’re going to boom and outperform everything else at some point in the future whenever some fundamental thing comes out you know it’s always the story The Dow Jones Is Made Up in a different way to the S&P and to the NASDAQ uh is waited on the price of the stock itself as opposed to the market cap of the stock so United Health is 490 bucks so the most waiting goes to this one here even though it’s not leading like uh Microsoft or like apple that’s a story for another day it’s basically just an example of laggards lagging and leaders continue to lead so hopefully that penny is dropping for a few more people they they generally write yes the light bulb went off and buying leaders is probably a better way to go than the laggards it just makes life a bit easier BTC here we are again at 65,000 as we were on the way up we’re looking at price ranges every $2,000 or so and while this fear in the market is going on as we can see by the thank you for the recommendations here guys the coin market cap crypto and greed index which I finally found still sitting somewhere around 53 or 54 so it’s in a neutral territory here uh as it brings in the top one uh the top cryptos and most likely Bitcoin in there and blends in all of the other info with their own algorithms right so it’s probably higher than the majority because you’ve got Bitcoin and um ethereum and salana in this reading which haven’t broke down significant levels and they still maintain pretty close to their old all-time highs as you can see from Bitcoin here whereas the crypto and greed index is sitting in greed it must be putting a lot more waiting onto Bitcoin than other cryptos so in terms of the moves themselves a breakdown of 65 I’d be looking somewhere back towards 63 down to 60 so this is this little white line here you can see going across the chart there 63k as a potential area to test and then back down to this previous low at 60 so pretty straightforward from this point for Bitcoin it’s still in its trading range it is now 96 days below the old all-time high you got some meme coins starting to um test some areas here some price levels and in terms of our signal another one going off in terms of our signal looking at the price of Bitcoin being underneath the old all-time high for roughly 4 to 6 months so I think at this stage now we are likely to see Bitcoin as all the alerts start to go nuts as it breaks down probably from a key level um that is probably likely we’ll see Bitcoin underneath the old all-time high for that sort of roughly four to six month period so let’s clear up some of these alerts let’s have a look at the total cryptocurrency market cap to to see what is going on from this point to the downside for the total cryptocurrency market cap I’m looking at 400 billion you can see here the 50% level from that low to that high and back to that accumulation Zone which I don’t think we’re going to get to but it’s important to keep that there anyway roughly about that 300 billion now this is just going to keep going off throughout the video but that’s life this is what it is when you’ve got your alert Set uh we can see that the 50% level 400 billion is what I got there now this red line here I’m looking at as this particular move to the upside so basically just a copy paste there and then wherever this low comes in we’ll smack that in there and then look towards that time frame so as I mentioned with Bitcoin and the time frame here that sort of four to six month period of time underneath the old all-time high would take us out to close to around that September period so yesterday’s video videos before uh as a recap I’m looking at that quarter three of 2024 as a area of a potential low if not you know comes in June and then that move to the upside in quarter 3 whether we break out to new highs for Bitcoin or we start to break significant levels to the upside for Bitcoin is going to be the question now when that happens and we have the breakout I doubt this is going to be the new all-time high here this is August so let’s bring this across to somewhere around a time frame of 23 to 26 months based on the previous cycle you got the low to the first breakout here of the accumulation so I think that’s an important time frame to look at otherwise we can look at the breakout to there go salana below 130 and we take out salana at uh sorry the top here at 26 months so bring this across to 26 months there it is and throw another horizontal line in here that would take us out to about February so quarter 1 as you’re looking yet quarter 4 2024 quarter 1 2025 I think that’s probably got some pretty good movement for a new Fresh high price so if I throw this in around there you can see something like that would be similar to the previous move and all of this fear of the market heading down would be forgotten by quarter 4 I’m going to throw again throw my neck out on the line here look at the alerts going off double digits we just hit it so I’m at an hour 45 now in into the new trading session markets are down double digits look at this altcoin Market go ballistic so this is typical I’ve seen anyway of times where we see the opportunity to enter from fear not saying go out and buy absolutely everything now because that would be potentially silly trying to buy all these dips however you might see some lows begin to form as well around these periods so I’m looking forward to that uh in terms of where we find those strong versus weak cryptos so I think that’s probably a good place to move on to the strong versus weak cryptos as we’ve covered the time frames here the price ranges being around 400 billion to these lows here at 340 back to that accumulation zone of 300 which is probably a little bit out there but nonetheless it’s on the chart there so we’ll keep watching that so right now we got three months down on the altcoin market cap eth here it is it’s at 3,390 so it’s barely just taken out this low on the 14th at the moment maybe a little more the uh once this is posted you can see back to the previous lows 13th of April that was the higher low that have been referencing on X and on YouTube as a potential strong area for cryptos to hold above and it’s still above those those current lows there so keep watching the April lows and then take it back to the June lows to figure out whether your altcoin is strong or is it weak in the current market structure this current market position if all else fails you’ve got the previous accumulation Zone and those levels are around September and October of 2023 so Mark out where those prices are and I’ve got a couple more examples to have a look at but for now I mean ethereum still holding up there in terms of percentages to the downside in the past it’s done 76% down it’s done 67% down when there was a less liquidity in the market that is uh something to note for new alt coins which would have less liquidity for now eth has done it’s roughly 30% moves from the tops to the lows and this previous one is about 47% so it got 47 30% currently eth e moves is 32% so if it was to do something similar you go top down to these previous levels there’s 34 down to these lows 47 so it’s still well within this particular type of range now I’m not saying it’s going to do 47% at all it still hasn’t even broken the April low so it’s in a stronger position compared to other altcoins especially in this double digit bleed out almost same could be said for salana at this stage it just broke the 50% as I’m recording this so I think this is kind of exciting to uh record during the action itself now you got the lows here in April at around 1118 the major 50% at 109 and I think worst case scenario I would not want to see eth break uh sorry salana break $880 I think a break of $80 could spell pretty significant disaster for salana in the coming altcoin season whenever that may be a break and closes underneath would be bad a test of that and then closes above that’s fine you can see that you get some liquidity scares but then closes above those levels uh fine to to bring it back to life okay so salana is still in a relatively strong position compared to a lot of other alt coins which you guys know of as being this list Ada avac ICP H bar uh throw anything else in there xrp why not right those things are pretty damn weak whereas these are still holding up relatively well even in this fearful time so looking at those strong ones where would I look to enter if I wanted to buy the dip or buy the breakout personally I don’t like the buy the dip opportunity if I had to and I really really don’t like to do the buy the dips because the dips keep on dipping and then before you know it you’re left with pretty much no dip money left and you’re basically starving on the sidelines until the market comes back and then goes into a breakout into new fresh prices or takes out some significant price levels if it ever does otherwise you sit on the sidelines starving because you bought all the dips got no money left no more food and you’re screwed right if you had to get some of that tiny little bit you just wanted to taste it of the dip then look towards roughly around the lows to buy some dip even though it might not be the final low then I look to somewhere around 60 to 80% down so you can see that percentage there you can see around 76 so around that 60 to 80% just look back to where those significant support levels are reason being is that in the past and I’ve got the examples on eth that I had to look at we’ve got examples on salana that we’ve looked at before there’s 80% down in the past leading uh into that final big pump of the cycle you know where you get this big altcoin season happen it did do 80% down link this has done 90% in bare markets and multiple 70% not in bare markets basically heading uh into new fresh high so it can do these sort of 70% moves the reason I do look for those 60 to 80% is because that’s what altcoins have done in the past and so look for something that is more conservative knowing full well that it could go to 80% and if it did go stick with me if it did go from 60 to 80% down that is almost a 50% loss sometimes it’s around sort of 35 sometimes around 40% if you were to buy at 60% down from the high and it went to 80% down from the high that little bit of a 20% move in your portfolio would look like a 50% loss that is a really really important thing to know here because it could look so ter terrible on your portfolio yet when you look at it from a high you go it’s not too bad 60% down or 80% down I can buy the dip in this area that is going to be some big swings in your portfolio so pay attention to that if you choose to buy the dip which is why I talk about I don’t really like to do those by the dips with a few exceptions Bitcoin is one of those so if you don’t like that if you’re not one of these people here and I don’t want to buy the dip and I want to buy the breakouts let’s talk about that and and also selling the laggards to buy the leaders in the move to the downside not always but you could potentially see well you often see some of the uh leaders not falling as much as the Lots but if you’re doing it within the same market so we not trying to get too cute here and try to find things that are uh you know doing only 3% down meanwhile the rest of the stuff’s doing double digits there’s 9 13 11 here you just want to sell all your FTM and go and buy binance you’re still going to be losing but if you’re buying in the same Market maybe it won’t be as much so that’s something to keep in mind as well and the time to sell the laggards and buy the leaders is within that same Market in my opinion from my experience if you try to sell too late wait for those to drop and they come back the other way you might miss out on those opportunities so you can do one of two things what I like to do I try to do it in the same Market but you are your other option is to basically sell now and then wait to see where else this goes and then try to buy lower that is far more difficult which is why I just like to keep it in the same Market if that’s what I’m doing and that would be to reconsolidate my portfolio so basically just to to uh bring the portfolio together get rid of some of those losses uh or those losers and find some of the winners winners so keep that in mind if you are looking to get in and out of the market when to sell the lagers and buy the leaders option is to do it within the same type of market conditions and potentially find something that is uh Stronger Than The Losers that you might be in or the laggards that you might be in otherwise if you’re trying to time the market selling when you think is is the right time waiting to see if it goes lower and then try to buy lower now we’ve done buy the dips we have done selling the losers to the leaders or the laggards to the leaders here now Buy on the breakout really really simple so I’ll keep it nice and uh short you’ve got the move to the upside as price breaks out of what I like to use as the swing chart then I’ll be looking to enter on those breakouts you got an entry right there and if you want to get really cute with it get nice and close like our Traders do then you can look at the swing chart itself and buy on those breakouts of the swing or multiple bars themselves in that swing itself you can put it onto longer term time frames like on a weekly chart here and then start to buy those bigger breakouts to the upside that’s as simple as a is for buy the breakout but you need to have a plan for that g swing indicator is a fantastic uh use or tool there to use for those breakouts otherwise check out Tia premium learn more about trading and investing at this period probably put something go like don’t screw up this opportunity I think this is a pretty damn good chance while these markets are where they are with this um fear coming into them more losses to the downside for many and they’re going to be scared out of the markets but I think from here on out it’s about patience once you get this much sort of of fear in the market or losses on cryptocurrencies I I haven’t seen them bounce straight out of these levels they do take some time to wind up again and start to work their way higher but if you’ve got that patience somewhere around Q3 late Q3 sometime into Q4 I think you are going to be over the moon that you took this time to understand what the markets are doing and to position yourselves ready for that period in maybe six months time I think it’s about patience check out Tia premium there will be a special on this week for Aussie’s end of financial year subscribe to the free crypto and economic report I’m glad I could share this moment in time with you as we see a lot of these alt coins dump double digits during this particular filming like And subscribe I’ll see you back here at the next video Until then take care and peace out

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🔴 Video Reference Twitter/X Tweet – Altcoin Leaders vs Laggards
https://x.com/jasonpizzino/status/1795638943419105456/photo/1

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

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

Timestamps
00:00 Bitcoin, Fear & ATHs! SPX, NDX, When to Buy or Sell.
10:00 Bitcoin, Crypto, Winner’s Curse Phase (MAJOR LOSSES)
14:00 When to buy or sell Strong and Weak Crypto?
18:00 Altcoin consolidation time frame
21:00 Strong altcoins, BTD vs BTB

➢ 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