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    CRYPTO Catastrophe or GOLDEN Opportunity: Here’s What BITCOIN Charts Say!



    The Bitcoin six-hour chart currently displays a series of red candles, signaling a less-than-ideal scenario, but it carries the promise of a significant price movement following weeks of sideways trading, briefly interrupted by a minor pump likely triggered by Grayscale-related news. The dominant narrative for September revolves around FTX’s impending liquidation of $3.4 billion in cryptocurrencies, weighing heavily on market sentiment, particularly impacting altcoins like Solana, which comprises a substantial portion of FTX’s assets.

    These factors, combined with September’s historical adversity for the crypto market, have heightened concerns. Nevertheless, the focus should shift from short-term headlines to the consistently reliable long-term Bitcoin chart, which suggests a critical market juncture approaching over the next 60 to 90 days, with a potential drop to around $21,000 if the $24,000 support at the 50-week moving average does not hold. Understanding these historical patterns is essential for navigating the crypto landscape effectively.

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    *The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.

    Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.

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    View 44 Comments

    44 Comments

    4. Francis Alexander on

      So many of these crypto bros have no idea what is underlying bearish market.

      Little hint –

      CRYPTO + Stocks are GROWTH assets.

      QT – quantitive tightening decreases money supply (liquidity) and higher interest rates make speculative assets more expensive. Oil prices are going to raise inflation and this will means rates must go higher….

      Liquidity is needed for GROWTH assets to GROW.

      There is less liquidity in the market = GROWTH assets decline.

      The halving isn’t going to mean anything from an inflationary perspective, this effect has already started to flatline because the numbers are so slight.

      Anyone listening to these triangle lovers deserve to be poor, can’t even understand what a H&S is. 😂😂😂

      Summary – this isn’t a bullish chart, this is a relief rally while 40 years of low interest rates ends and everything gets a haircut. Short this POS.

    12. Japo 420 on

      Fire sale , October Bitcoin ETF approval , puts black rock in a solid entry position . Secure your spot before the institutional funds arrive or you will become their exit liquidity and have to wait for next cycle.

    14. V on

      Daaaaan! Hi !!! This is fantastic, but… Have you heard how MASSIVE Liqwid Finance is going to be in the near future??? 😃 (your daily reminder)

    15. TRUE1LA on

      People are so bearish I don’t get it? Look at like almost every alt coin we are at the very bottom like for the last couple years I see it more bullish 💪🏽

    16. CRYPTO AL on

      You Rock BRO! Keep your head up! I just watched George Show, what a 🤡. He is the real Jim Cramer of the crypto world. At least you keep it real and speak the truth. Much ❤ brother

    19. CryptoSoul0824 on

      I’ve been dcaing since 2021 just to watch my money and portfolio lose money every year this has been the worst investing time I’ve ever ever ever experienced this isn’t fun at all I hate it here

    20. ROMAN on

      ❣❣I think it is more likely that BTC and ETH will retest the upside resistance and then trend lower. But as always, things change daily and all we can do is act responsibly, keep an eye on the markets and review our strategies regularly. I would like to thank noraaddson for being my source for crypto education as I comfortably earn 9.4 BTC.>>>❣❣

    31. David Potts on

      The collapse of FTX turned into a double win for Cardano. First, it benefited alternatively from not being listed on the FTX spot market. The second was that Cardano's direct competitor, Solana, was kicked out of the market cap top, losing almost 40% in value on the back of FTX and affiliates' direct participation in its equity. As people sell out of their doomed alts, maybe they will flood into cardano.

    35. MM Flipto on

      FTX wont have any effect. They are not going to market dump it. OTC will be used and those wallets will be sold to large investors and they are not going to sell the bottom. My guess is that speculators will try to absorb the selling pressure but that will only result in huge buying pressure since there is no selling happening. I expect exactly the opposite, does not mean we will fake dump first.

    38. Keitho D on

      Can I point out something in you analysis. The difference in the zoomed out chart this time round is that we have gone under the 200 week moving average. Your red line. It was always support. Now it’s looking like resistance. And could begin the push down of BTC PRICE.

      WHAT DO YOU THINK OF THAT.

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