THIS MINBLOWING BITCOIN CHART JUST REVEALED THE NEXT MASSIVE MOVE

THIS MINBLOWING BITCOIN CHART JUST REVEALED THE NEXT MASSIVE MOVE

guys today I am keeping it very very simple I am going to show you a mindblowing chart about a pattern that has been happening every single Bitcoin bull cycle so guys make sure to stick around for that I’m going to update you on everything that’s been going on here for Bitcoin ethereum altcoins traditional markets I will tell you what to be on the lookout for right now in terms of potential squeezes in terms of Leverage being flushed out of the market and leading into rap with price movements are we about to see an altcoin season guys make sure to stick around from the beginning Until the End welcome back everybody my name is Chris bringing you cryptocurrency videos every day teaching you how to make money in this market if you’re new to the channel then make sure to subscribe and activate the Bell right now so yesterday we did see a little bit of a pullback for Bitcoin you can see that The Orange Box was trying to hold up the Bitcoin price right here didn’t manage to do that we had our big red candle after losing this level we had the candle down to 59,900 in fact and then we have had a bounce and the interesting part here there’s a couple of very interesting things the first one is that we didn’t go as low as the previous uh swing uh swing low here so at the very least we have made a higher low so that is good that is both on the wick and on the body of the candle so we have had a higher point of support here so that is good second thing is that this bounce with we’re right now going up and retesting the orange line so if we can break through this and potentially make another higher low then that could start a little bit of a at least positive trend short term for Bitcoin but overall guys as you know if I zoom out here I think that we are mostly for this month and moving into July I think that we are going to continue to go sideways but let’s look at some of the clues that we’ve got here also and on the shorter time frames that is definitely something to be on the lookout for now for ethereum you can see that ethereum is also going sideways here it is expected that the ETF is going to be launched pretty soon for ethereum so I have an update on that for you as well so yesterday we did have some very key data being released and after that data you can see that the digital markets actually went up and made a new all-time high and then it started to sell off and we went down for traditional markets now if you look at the daily time frame you can see that it’s looking like this so still we haven’t been able to close above the orange line here at 55,000 at 5,565 so this is the next key level to actually break through and close above so I will continue to update you on this one as well for traditional markets but why is it important well because if traditional markets continues to do well I think it’s only a matter of time until Bitcoin catches up this one you already know so the data that was released yesterday so we can see that it was about in line with expectations it shows that the inflation is cooling off a little bit so nothing too dramatic on that and in terms of um actually I wanted to show you the liquidations before I show you this mind-blowing chart so in terms of potential liquidations you can see that we don’t really have that much towards the downside you have some here at around $60,000 but on the upside if we have a pump towards the upside you can see that there is a little bit of a potential for a squeeze towards the upside as shorters get liquidated when we go up to specifically 61,500 so if we manage to have a pump to 61,500 then the people that have been shorting Bitcoin are going to get squeezed and we could potentially have a little bit of a pop towards the upside next level of major liquidations towards the upside here is uh at about 60 $2,000 so let’s be on the lookout for all of that now let me show you this mind-blowing chart and what you can see is a very clear pattern in terms of Trends here and how Bitcoin behaves in a bull market so you can see on the way on the lower edge here first you can see that we have this triangle formation we have a breakout we make a new all-time high we have a parabolic face and then we enter into the bare Market okay that is fine now what I want you to pay attention to is first you do have a couple of trend lines you have an upward sloping trend line and then you have this uh horizontal trend line right here now look at the bottom so first you have this bottom right here and then what happens is it took this is on the weekly time frame by the way guys it took 152 candles which is uh 1,064 days to reach the peak of that cycle so what you can see in the middle of this also we have consolidation squeezing into this triangle and then after about Midway in this consolidation that is when you have this parabolic phase okay so again it took 1,64 days and then you have the peak you have again the trend line right here the upward sloping trend line you have the covid uh dip right here which you know I think is an outlier but again the trend was trending upwards you have this consolidation and look at this from the bottom you have 152 bars which is 1,64 days face and that is about when we reached the peak here and so we enter into the bare Market we have had recently you have an upward sloping trend line the bottom is somewhere around here at the rather the massive breakdown I think that is how it is like the massive breakdown you can see right here boom we go down and uh you can see that history is potentially about to repeat you have the consolidation again here you have the upward sloping trend line you have the horizontal trend line and now the question is are we going to see the same kind of parabolic face towards the upside as the previous Cycles let me know down in the comment section what you believe but this looks really really good in fact but it is on the weekly time frame so I think it is going to take a lot of time as well even if this one is correct so another thing I wanted to show you is the ethereum to bitcoin price so if you measure Bitcoin against ethereum and what the author here Ali is saying is that uh you do have the moving average right here this is actually the one simple moving average and we’re breaking through the trend line right here and he’s suggesting that this could be the early start of an altcoin season now I don’t really think that we are going to have a massive altcoin season anytime soon but um yeah he’s arguing that breaking through this point could lead into the starting phase of an altcoin season so let’s keep our eyes on that but I do think it’s going to take a little bit more time until you see those massive crazy altcoin gains across the board yes specifically spe alt coins as you know guys I’m covering specific altcoins as well in fact I do have a video recorded which I’m going to release probably later on today or tomorrow uh talking about some altcoins but for me it’s very specific at this point which altcoins to get in terms of the spot ethereum ETF it is expected to be approved on in the next two weeks essentially so let’s keep our eyes on that the SEC is suing consensus which is the creator of metamask over liquid staking so as you know guys there is these liquid staking protocols like rocket pool and Leo and um yeah Leo and Rocket pool so they are saying that these ones are securities the are going after them I do not think that they are going to win this lawsuit as usual they tend to uh yeah not win these lawsuits so we we will see I will keep you updated on this but yeah these major protocols like Leo and Rocket pool of course the prices of the tokens went down based on the lawsuit here but let’s keep our eyes on that I do not think that the S are going to win that lawsuit guys thank you so much for watching this video I will see you guys in the next one

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Timestamps:
00:00 – Mindblowing chart
00:45 – Bitcoin analysis
04:03 – This chart is Insane

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