Bitcoin not signalling anything significantly bearish, but there are plenty of related assets looking dicey in this area.
This is very much a contrarian analysis in a time where there are an army of Cycle Gurus and various content providers banging the drum for an "up only" market.
But the question is - are they really reading the chart or are they holding & hoping that the cycle repeats?
I am 100% out of the market for 2 days now and will let this area run.
And in that time altcoin hodlers are getting frustrated as their coins are dumping hard.
This is an early call and there can be lots of twists and turns; things may be looking different next week.
But for now the market is looking DANGEROUS and altcoin / Bitcoin mining etc hodlers will be suffering significant losses!
This will be my last video for a while in this critical area as I have a limit to the amount of content I will make for FREE websites.
But plenty of depth and contrarian TA within the video.
Enjoy👍.
Not advice
This is very much a contrarian analysis in a time where there are an army of Cycle Gurus and various content providers banging the drum for an "up only" market.
But the question is - are they really reading the chart or are they holding & hoping that the cycle repeats?
I am 100% out of the market for 2 days now and will let this area run.
And in that time altcoin hodlers are getting frustrated as their coins are dumping hard.
This is an early call and there can be lots of twists and turns; things may be looking different next week.
But for now the market is looking DANGEROUS and altcoin / Bitcoin mining etc hodlers will be suffering significant losses!
This will be my last video for a while in this critical area as I have a limit to the amount of content I will make for FREE websites.
But plenty of depth and contrarian TA within the video.
Enjoy👍.
Not advice
Note
If you like getting this content for FREE then hit the BOOST button to be a Supporter.If there are plenty of Supporters that hit the BOOST then I will be encouraged to make more content.
But if there are too many Leeches that do not hit the BOOST, then I will not share my content so FREEly and may not even post on this website at all.
Big thanks to all the Supporters who BOOST my threads ❤️.
Also you are welcome to comment and let me know what you think of the content 👍.
Note
What do you guys think - is Bitcoin / crypto's next big move bullish or bearish?Note
In my previous video I covered M2 Global Liquidity, but just to revisit and remind that the correlation is very strong between M2 (offset 78 days) and Bitcoin:This is certainly a bullish clue but it doesn't mean that there can't be some bearish action along the way.
Also these relationships phase in and out, and this is not at all a proof that Bitcoin must follow this path.
All sides of the Rubik's cube must have the same colour only, and this is a pleasant analogy for the challenge of trading...
Because there is a reason that high risk Bitcoin stocks and altcoins are turning bearish / signalling a top.
And this is the key point in my trading that is very different to the "HODL or miss out" strategy; which as I said in the video; I don't need to be in trade when there are bearish signals.
Its good to take profits because at worst you keep them and miss the move and at best; you sold high and have opportunity to buy lower and even MUCH lower.
Of course if you buy MUCH lower then you also avoid getting trapped and smashed.
Most don't like this strategy because they have plenty of FOMO and not enough skill to see warnings.
But there is danger in this area - and often if you ignore warnings then you give back your profit / end up rekt.
Notice FET that I covered in the video; printing another Shooting Star candle:
Bearish signals; at least in the short term and this is no longer a technical hold.
It will be interesting to see how it shakes out next week; especially MSTR and MARA.
Note
Check my German DAX thread to see what may be a cause behind leading indicators discussed in the video: 
Major pivots generally occur as part of a multi-asset / multi-market cannon of risk.
Highest risk tends to move first:
In crypto that would be meme coins such as BONK with 0 fundamentals.
In Bitcoin stocks, a good example would be MSTR which takes on enormous debt in their process of acquiring new Bitcoins.
I covered these both in the video and they represent highest risk.
But these names are not the cause...
Rather - they are the effect.
With the outcome of cause and effect fully realised after an event, we can gain an insight that the programmers of dominant bots who control the market have full awareness of said eventual outcome; since the effect arrives before the cause.
It effectively is the Butterfly Effect, but in an entirely controlled setting.
In our current situation we are potentially right at the start of this risk cannon - with high risk MSTR and meme coins slumping, Bitcoin wobbling, and indices not yet breaking down; maintaining trend.
And so a Fartcoin slump potentially is the butterfly that flaps its wings that causes a tornado.
In slumping, it prints high time frame failure swing to begin a downtrend.
And this may provide a leading edge; not only in predicting the next bearish phase for Bitcoin, but it could also be a leading indicator for the next wave down in world indices.
Let that sink in.
Note
Perfectly sold the altcoin tops.Note
New thread:
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.