BITCOIN CRASH: This is the BIGGEST THREAT to Crypto Now (Watch ASAP)

BITCOIN CRASH: This is the BIGGEST THREAT to Crypto Now (Watch ASAP)

the recent crash to $53,000 was the largest crash of the entire cycle so what are the next threats for cryptocurrencies and Bitcoin moving forward are we about to see further downside or could this be a v-shaped recovery in this video we’ll look at the analysis for both scenarios a v-shaped recovery or a further crash hit the like subscribe to the channel it’s your home of macro cycle analysis covering Bitcoin cryptos the stock markets and the real estate cycle All In today’s video links in the video description for our free crypto and economic report due out this week plus the free ultimate Trader accelerator that’s right it is absolutely free I’ll leave a link to this in the pinned comment section all right guys let’s kick it off with the fear and greed index we’ finally hit fear and almost extreme fear yesterday when the crypto fear and fear and greed index finally kickstarted yet again it’s at 26 so this is the lowest level we have have seen now throughout this entire cycle coming all the way out of the FTX crash the FTX crash got it down to 20 through 20 to 25 so it was an extreme fear and then as Bitcoin rose out of December 20122 we did not see levels this low so we hadn’t seen fear in the Market at these levels this led my theory of this cycle being one of the least feared bull markets until we were to see any sort of further correction or any sort of further Market sentiment correction and over the weekend it looks like we’ve got just that we got a very significant correction down to 26 on the reading as I said bringing us all the way back to the FTX crash so I think that is a pretty good sign that we are somewhere around the low if not have already seen the low so as I said in the intro I’m looking at two scenarios here a potential v-shaped recovery we could look at it as a slow grind up as well either way you got a bull scenario and a bare scenario basically a downside but it seems like we are on the cusp of rounding this low which is really important now if you still find yourself in a whole basket of cryptocurrencies different altcoins that might not be getting the gains that they should and I’ll share that with you at the end of the video some of these alt coins that are down from April so let’s have a look at some of the the technicals here on BTC we had a beautiful day down on the Friday bar big volume some of the highest volume that the market has seen going all the way back to the May low and also the lows that came in just after the all-time high which also showed up with our 3day down signal that told us that there was a very high chance that the market would be down for quite a considerable amount of time much longer than the majority were expecting so we’ve got that now we’re at 272 uh% down and as I talked about in the previous video a 53k crash it was basically bracing for some sort of uh drop into this Zone here and it seems like we got very close to it you can see right there the low is just slightly above those levels the the point that I made in the last video is it was I thought it was pretty important that this area had some sort of clean out in terms of a price range there so as I’m saying I know if this is the exact low there are signs that it is around the low or could be the low but as long as we or as long as the market tests this price range because this is essentially the extreme emotion and the Euphoria and from what I’ve seen with with my analysis over my experience is that you typically want to see a lot of this if not all of it uh this Euphoria get wiped out of the market before it can continue on it seems like a logical thing that you want to see the weak hands who are just buying up because they’re they’re greedy at the peak get wiped out so that you can form another solid base and right now as I’ve said I think we’re on that that path at the moment now on top of that we start to look at some of the more technical structures here with the price you can see we’ve got this top to this low projected from the tops that came in in May and June and so the reason for that is you want to measure out the moves to the downside are they rough L equal or are they extending if they’re extending that means you’re starting to get a little bit more uh uh selling going on that is going to push the market further or could push the market further whereas what we’ve seen you can see this number right across the bottom here at around 54800 uh that we got an almost exact repeat of that entire range so that is a good thing that’s a healthy balance here a nice healthy correction so what we want to see from this point and that leads us into the the the next point about 3day rule right is that from here doesn’t have to happen but a 3day up would be a really nice sign to show that this is most likely not guaranteed but most likely the low check out May 1st you had this day one two three green days uh and three higher highs higher lows that is more importantly not just green red but higher highs higher lows and that held that low up for a very long time so this happened to be a very very important low and right now we’ve got a close above that low which is also important now we want to see multiple days of close above it and you want to hopefully see the 3 days up and then we can start to look at some other price ranges up here which I I’ll get to in a moment but so far that signal worked well at the low it does not mean anything if it’s within a move some of the comments over the last couple days was we got three days down here lower highs lower lows but that’s you’re looking for it at a significant turn turn this is coming into the turn you want to see it out of a turn so from a low up or like we saw from the top which helped us on the channel here call that that was going to be probably some rough times you guys remember from a few months ago me talking about this sort of thing here if you are new to the channel after this period you can go back and check those videos out it was just part of the analysis right from that particular that point there you see it from a very uh important pivot point then you get the three D down there’s nothing in between it’s literally the 3 days down so we want to it would be nice to see it now we want to see it but it’ be nice to see it as well because I can’t tell you if it’s going to happen let’s just wait and see over the coming days whether we see a few more greens so let’s keep going with the the bullish scenario here and we got the resistance levels overhead so the shorter term stuff here one day 587 uh that’s basically the 50% level through this just one day range which also lines up nicely with the low on the on June 24th so that’s that’s an important uh price point now for BTC to get some closes above in the short term then once we can overcome that the 587 the one week shows up here so one week 68 uh sorry 63,600 comes together right here so that’s the the peak of this move here that little swing top and it’s also the ranges from the top to the bottom so right through that middle there 63700 would be uh one of the most important confirmation levels now now for Bitcoin over the coming weeks as we lead into the 4 to 6 month period underneath the old all-time high you’ve heard me say that heaps and heaps of times before four to 6 months time frame underneath that high so we’re getting into that zone right now moving forward from here the next price points support and resistance 672 that hasn’t changed that’s right around uh these levels here they’re 672 okay so price above that and then the one month price point 72k so right above these tops here so hopefully it doesn’t get rejected again but long way off from that point right now they’re the first couple of prices 587 637 so keep those written down uh provided this low stays intact so to the downside pretty straightforward you got 56 and a half which is still that May 1st low for now Bitcoin basically faked out to the downside and got some closes above so that’s a good sign 50 to 53 basically we hit that now and we have tested this Zone once do we need more tests I’ll let the market tell the story but for now one test is holding up and then below that you got 48 to 49 which was the ETF Peak and also the lower monthly swing top so right around that level there now this is looking pretty similar to the previous move uh in 2023 you’ve got about 6 months in this range before it absolutely pumped out of that zone if something like that was to happen again it could be pretty significant moves to the upside for Bitcoin okay I think altcoins need a little bit longer to rest but in terms of because at that time 2022 all coins were basically down through this entire period so there’s a lot of consolidation going on there for the stronger stuff and then you had this pump out whereas now they’ve had their pump out that’s R alts and they might need a little bit longer so this period of the 6 months from March and then maybe two three six months from that period I’ll get to that in just a moment but this is what’s really really interesting right now where if you’re looking at it from March of 23 to let’s just go to the peak here and move this over to the top so you got that level and then you can see the market drop off next month would be like a a small month here so August potentially just climbing the price point back and then maybe September October some sort of move to the upside leading to a breakout of the highs now I I’m also wary of the election coming up so I don’t know how this is going to respond at that election time whether it’s going to need another month or so to get above it due to um the election happening in November and then we see the breakout like we saw in uh 2020 you got the October move breaking out of the tops but then in November after the election that’s when it started to test the old all-time high so either way I think we’re going to see some fireworks in quarter 4 but quarter 3 is this period perod now where it’s recuperating and getting time to uh break to this new fresh price so 4 months down looking pretty decent at the moment similar sort of pattern to last time maybe we get another big pump out it’s happened before we go back to the previous Cycles you can go to 2016 there was about 5 to six months of consolidation then a breakout then another five to six months of consolidation and then a breakout and then you get shorter Corrections which basically fuels the greed even heavier so like way more greed when you get these shorter Corrections because people are so fearful of missing out because the corrections are so short that they just basically Pile in and then you get this big Snowball Effect at the peak whereas now I don’t think there’s too many people fearful of missing out although this is probably one of the better times to be in and we see that on altcoins as well all right so I’ve got altcoins but let me just recap where we are in the overall cycle we’re in the winners curse phase now we are here this is the macro cycle with real estate prices and the economy the final Peak that Winners curse phase things ballooning and it just doesn’t go straight up for two years as you can now see as we can now see from uh from Bitcoin is that yes it can pump pretty hard for a very long time six months is decent but you need to recuperate you need to just to cool off for a moment there so that’s what I think we’re doing here maybe we have a few of those pumps I don’t know if Bitcoin gets all the way to the end of the cycle 2026 or 2027 I think 2025 is going to be a pretty interesting year for cryptos so I’m not going to be holding into these things as the market dumps uh over again you know turns over and then starts to fall back but I think we still have this final move to the upside and one last thing on the uh the Bitcoin chart here it’s working pretty well in with Michael’s Elliot wave theory the one two three 4 into this final boom and this has been a fantastic wipe out especially with the market sentiment so everything is still lining up relatively well so macro cycle obviously intact the stock markets are up new alltime highs here on the weekly the daily the closes S&P 500 new all-time highs here on the NASDAQ and you got in a nice wind up here for the Dow Jones the uh vix is still in the bull market Zone here just grinding around you got low volatility everything is still on track here uh you’ve got the Emerging Markets India new all-time high after new alltime high this thing has just been pumping to the upside you have the US dollar breaking back down into the weakness the weak area that we’ve been looking at over the last few months so breakdown at the moment uh starting to pick up some speed this will take months if not years to play out I suspect lower prices for the US dollar so some weakening there as well and for your other Commodities here gold one of the highest weekly closes in history the third highest here nearly um verging on $2400 and silver closing out the week above the 50% level so it’s second highest close of this rally up and starting to tackle the collapse of 2011 yeah 2011 into 2012 so it looks like it’s preparing for that commodi move to the upside so that leads us on to altcoins and a look here at the shortterm and the longterm for alts along with the strong and the weak stuff now just a quick recap of the Bitcoin dominance the dominance here should this break out at the 50% level you can see it’s just been getting hammered down by the 50% here a breakout here would destroy most alts but not all alts that’s a good news there a break under here you’re going to see a little bit more of that money flowing to altcoins so you can see just how important these 50% levels are for anything with a chart whether it’s a dominant chart whether it’s your stock market charts whether it’s Bitcoin cryptos the 50% level tells us a lot about the strength and weakness of a market so keep a lookout here on your dominance chart now if you want to learn more about this check out TI premium there’s a link to this in the video description check out any of the specials that we have going on right now uh and just click on that link I’ll leave it pinned in the comment section as well learn about your short-term trading long-term investing and your Financial Freedom there as well for this next stage of the cycle so Dominus looking pretty well in play here doing what it needs to do to take that energy back from the cryptos now we covered the threats for Bitcoin to the downside and then obviously the safe zones to the upside so this is the stable coins along with all of the altcoins now it had a fake out to the downside at the 50% level at the previous tops so essentially it hit the previous resistance potentially becoming support here so the move now is is to consolidate above 540 billion the level that we’ve been discussing here on the channel based on the uh the 50% levels the correction to the downside was 35% so a pretty healthy move here for um the altcoins obviously including Stables the next level’s above now uh nice round number of 600 billion but I’m more interested in that level right there so that’s about 620 billion the reason for that is there was several tops here and a few lows as as well uh so to flip that would be your support resistance flip getting a support resistance flip so going from a resistance to a support much stronger technical position for the market to be in so until that happens that is a slight threat to uh cryptocurrencies so safe threat uh safe versus a threat here 50% level 540 and then I’m throwing in $620 billion on the market cap how do you use use that like how is this important to our our crypto investing or trading if you start to see some strength come back to this uh macro chart here so for the the entire IND index of cryptocurrencies then you probably have a much better chance that whichever strong alts you found strong altcoins that you were looking at maybe invested in are going to have a better chance of surviving into that next alt season whether it’s 3 months time 6 months time early next year which is you know 6 to 9 months time it has a better chance uh that’s how I would use this if the market continues to consolidate consolidate above that 620 gets rejected here then probably going to see a bit more blood for altcoins but if you’re in Weak alt coins you’re going to see even more blood and the stronger alts that we’ve been following here on the channel are still putting in higher lows or at least equal lows to their the dumps that they had in April so you can see this April dump here that was a pretty fearful time if you guys remember back to the 13th 12th and 13th of April where we had two significant moves to the downside so that is the comparison that I’m using for a lot of alts and also the 50% levels and another threat is any are any alts that are falling back into their previous consolidation range so you don’t want to see your alts fall back into previous zones as much as people want to see lower prices there is a difference between a strong lower price and a weak lower price if it falls back to the same price as it was before then really it just seems like well there’s a high chance that it was more like a a pump and a dump but if you’re getting a higher low that potentially means you got more people holding on to their all coins than what we’re holding on to it before which means there might be something up for another pump to come not tomorrow not next week not even next month I don’t think it’s not going to happen next month but sometime quarter 4 one you probably see better signs uh flowing out around this per around that period for potential pumps so in terms of the um the time frames now let’s have a quick look here for the total market cap excluding stable coins all right so you can get access to this with Tia premium uh so there’s a link to that in the video description as well so that’s the full membership with all of the course content and weekly live stream updates plus all of our portfolio my longer term portfolios my shorter term portfolios Michael’s trading as well heaps and heaps of value in Tia premium and you can check out the reviews from a lot of our members a lot of our happy members over there so the threats now for the total cryptocurrency market cap excluding stable coins is a break and consolidation under the 400 billion you can see how we’ve tested it on this monthly um just keeping it pretty broad here on the monthly chart there was a test and now bounce above the next levels to the downside would be 300 20 billion and then the previous accumulation zone so the previous accumulation zone is at about 280 billion so no closes under that level that would be terrible for the entire crypto space but it can test these levels and then bounce back above as we saw over the last couple of days it can test any of that prices between 280 and about 400 billion but get the closes back above the uh 50% level there about 380 to to sorry 380 to 400 brilliant good looking price targets there for the altcoin market Tipping Point is going to be above these tops that’s at 640 billion and then the previous tops here at about 680 so if you want a nice round number call it 700 billion I think that’s going to be a pretty solid Tipping Point for the next boom to the upside now to the new all-time high just looking at a couple of time frames from the previous cycle and remember as we’re going through this cycle back uh through this current cycle in March most were thinking this is just going to Boom to new all-time highs it was happening so quick and it was just going to take off and you know it’s different to last time that was the thought process just four months ago and now here we are so it’s it’s crazy how the market sentiment and the ideas change so quickly just remember that when we go into this next move I’m sure there’s going to be some sort of peak there’s going to be some reason why it it’s going to be different this time the you know bitcoin price will never go down cryptos will never go down people will hold their crap coins all the way down and then you know cry about it and why they didn’t see it just remember I think it’s going to be similar but not exactly the same so alltime high we’ve got some time frames here there’s 23 months until it broke out of its accumulation zone or a significant break right if we have a look at the next move it was about 26 months to get to a new all-time high and a Tipping Point so 23 months takes us out to November so quarter 4 that’s this first breakout and then you had another few months until it could break the next extreme levels so 26 months takes the uh the time frame out to February so that’s why I’ve got here quarter 1 so now with this correction it seems a little more likely that it’s going to take that next sort of four to sevenish months until we see some really significant breaks not saying move to the upside that could happen in the next two three months because we’ve already had the correction here of uh 44% top to bottom on the total cryptocurrency market cap here without Stables but you know the next few months it might climb back here and get back to into the you know four or 500 billions and then Mount that attack quarter 4 or quarter 1 we’ll keep on top of that this is the correction now that leads us over to eth and some of the strong and weak stuff here is the threat zone so we’re looking at the threats being breaks under 50% and uh the consolidation levels you don’t want to see it break back down to the previous accumulation or consolidation and finally the swing lows you want to continue to see your altcoins put in higher swing lows on the macro here eth meets a couple of those those criteria points above 50% above the higher lows but it’s still under this previous consolidation Zone before the ETF announcement and now it’s back under so ideally above 3200 is going to be much stronger and then above 3,400 going to be stronger again that’s for ethereum now I’m going to explain to you again the purpose of the insurance premium for your altcoins and I’ll do that with salano it’s been the example that we’re using here is another strong looking coin at the moment Casper still above higher lows there is the April low and it’s well above that and above 50% levels and above 50% levels and above previous consolidation consolidation breakouts consolidation it uh it’s an important one I think to watch in case of any sort of breakdowns to fill in this Gap here or this sort of fast move so for now it looks all right but I want to pay more attention to salana now I’ve got here emotional damage and less emotional insurance premium buys you less emotional damage in my opinion unless you’re a greedy bastard if you’re a greedy bastard and you try to buy all these lows you get the emotional damage to the downside maybe you don’t care and you just want to keep losing money but um in terms of the emotional or less emotional damage to the upside sure you’ve had to wait maybe you’re buying at 160 or 170 instead of 140 but there’s going to be less volatility at those prices typically or generally speaking right you can see now just over these last few days it doesn’t look like much on a chart when you screw it up like this but the emotional damage on the Thursday the emotional damage on the Friday and now the move to the upside just in a few days there’s a lot of emotional damage but the price is basically the same as what it was on the April emotional damage and then the May emotional damage those were two extreme points just like on the Bitcoin chart there is the correction for the alts and there’s bitcoin’s low all right for salana look at that it’s lower lows but for salana it’s basically put in flat lows here that’s the April that’s the May and now we just had the most emotional period we know that from this chart the highest fear uh and now it’s put in just a slightly high or low roughly call it the same prices call it around your 120 bucks keeps finding support there for now so do you want to pay the insurance and have less emotional damage for your trading portfolio your trading psychology or you Happ to take the emotional damage hits knowing it could go further down and you just freaking cop it on the chin and you just get destroyed emotionally entirely up to you you choose how you want to trade these markets I’m just giving you the uh less emotional areas and basically an insurance premium you know you’ve got more Insurance here that the that there is more confirmation that the market is turning bullish yet again for now it’s still sitting just above the 50% which is a first good sign here at $138 and the lows are still in especially from when I talked about the higher lows in April April 13th to April 19th there that week um so yeah all good signs there for a couple of these stronger ones now the weak stuff I’ll go through this really quick in case you want to re position your portfolio at these times sell low Buy Low it’s the same thing so don’t worry um I know people just love to buy on the dips and keep going or it’s if it’s too low I can’t sell it now it’s like if you trade within the same Market that’s not a bad option but if you trade out of the market and then the market takes off without you you’re in two different types of markets now and you lose out AER unfortunately it has dumped from that April low it’s down 21% low to low sure you could look at the price now but then I could look at the price where it closed that day so it’s still down 27% so you just measuring I’m just measuring lows to lows here and it breaking down from those lows more lower highs a weak coin it’s underneath that level back into the previous consolidation zone so no one wants this thing only the DI hard fans want this let’s have a look at Aptos this was such a big talking point in March because it peaked up here at 19 bucks look at it now back down at six that’s the 13th reference point and it’s lower now 29% lower Adam I have nothing against these projects I wish this would succeed Cosmos atom there’s the reference point look how much lower it is salana very different right and there’s there’s not that many that are putting this sort of chart pattern in you go to Pepe look at that there’s the reference point it’s up here doesn’t mean it can’t come back down but for now it’s in a much stronger position these ones are just just so weak it’s even breaking down from its 2022 low like there’s just no gains to be had for this thing we go down to avax it’s putting in lower lows from the April low maybe getting back into that consolidation Zone I know you’re all waiting for me to show xrp but xrp is just absolute hunk of crap it’s doing the same thing curve hunk of as well just putting in lower lows after lower lows after lower lows and look at that volume huge volume and it’s come all the way back down so maybe someone was dumping out here got rejected and it’s back down doesn’t mean it can’t go on little small pumps but that is not a good sign of anything anyone looking at Curve as a longterm doesn’t look that good I could be wrong I hope for your sake if you are investing in these sort of things that I am wrong and then you make all the money in the world just looking technically here if you take out the the token name so don’t even look at the token name that is a terrible terrible chart so I’m not even talking about any specific coin right now it’s just an absolute terrible looking chart I wouldn’t want to be in charts like that so that’s BTC 3 days down we’re looking for the 3 days up now hopefully and then consolidations above the 58 the 60 and then the 63k level we now well we’re week out from this Zone this zone of potentially moving to New all-time highs which I think is very exciting after this flush out of the market sentiment lots of fear came in I had plenty of comments from people saying that you know I’m hearing of 30k Bitcoin and you know this time it’s over now this time is different and it’s you know there’s a lot more fear in it I hope it comes back but I don’t think it is that was what the market was waiting for in my opinion I’ll leave it up to you comments let me know pinned comment down below I’ll see you at the next video in a couple of days time after I travel to uh the surf Island that I’m going to but 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:
As of 2024, the 18.6-year Cycle is in the “Winner’s Curse” Phase of the cycle, or as I am calling it, “The Everything Bubble”. The Everything Bubble must do its damage first (to the upside) for a significant 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 they 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. #crypto #bitcoin #cryptonews
*I reserve my right to adjust my outlook as more information and data come through.

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

Chart reference to $30,000 candles can be found here (more on X and YouTube this week about the massive price candles coming): https://x.com/jasonpizzino/status/1807620948298019111

Timestamps
00:00 Bitcoin & crypto, biggest threats: part 1
02:20 Bitcoin & crypto, biggest threats: part 2
08:40 Bitcoin & crypto, biggest threats: part 3
13:50 Bitcoin & crypto, biggest threats: part 4
22:00 Bitcoin & crypto, biggest threats: part 5
26:00 Bitcoin & crypto, biggest threats: part 6

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