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Crypto Market & Bitcoin Price Chart 3rd Week Confirming 50-Week, Next Range Then Expansion — Transcript

by Blockchain Backer · 5,143 words · 717 segments · language en · Watch on YouTube

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  1. 0:02[music]
  2. 0:13Hey, what's going on everybody? This is
  3. 0:16the Blockchain Backer bringing you the
  4. 0:19latest cryptocurrency news and analysis.
  5. 0:22Today we'll be taking a look over here
  6. 0:23at the total market cap of the
  7. 0:24cryptocurrency market which closed its
  8. 0:27third consecutive week above the 50week
  9. 0:29moving average along with the Bitcoin
  10. 0:31price chart following suit closing there
  11. 0:33above $86,000
  12. 0:35our highest weekly close since really
  13. 0:37back here in January of earlier this
  14. 0:39year 9 months ago. XRP still humming
  15. 0:42along there bucking right up against
  16. 0:44that 50week moving average but unable to
  17. 0:46get through yet as macro still continues
  18. 0:49its waddle. Of course it's been closed
  19. 0:51throughout the weekend. and we'll see
  20. 0:52how things go this week. But otherwise,
  21. 0:53the market looks healthy. It looks just
  22. 0:55like what it normally looks like after
  23. 0:57we go through bare markets and then do
  24. 0:59the typical things we do for a reversal
  25. 1:01where we've gone oversold during the
  26. 1:02capitulation phase. Then we produce a
  27. 1:04bullish divergence and then bust our way
  28. 1:07out going through the 50we moving
  29. 1:08average. It's all the same things we
  30. 1:10typically see in here. Now we get to
  31. 1:12enter kind of into the choppy phase and
  32. 1:15this kind of middle ground transition
  33. 1:17phase of where boom very exciting coming
  34. 1:20off the low and then I theorize right
  35. 1:23it'll probably be a lot of chop
  36. 1:24throughout in here until macro really
  37. 1:27gives us a green light to be able to
  38. 1:29push our way out and go together like we
  39. 1:32see in really all past cycles and all
  40. 1:34past bull markets. And so last week we
  41. 1:37talked a lot about how it being no
  42. 1:39longer a bare market, no longer uh
  43. 1:41bottom building behavior, but
  44. 1:43transitioning into risk on. And once we
  45. 1:45typically get through that 50week moving
  46. 1:47average, we enter into risk on. Of
  47. 1:50course, it's probably important to
  48. 1:51clarify risk on does not mean we go up
  49. 1:54every day or we go up every week or up
  50. 1:56every month. But historically, once we
  51. 1:58come off these lows and we get through
  52. 2:00that 50week moving average, it's the
  53. 2:02last domino to fall. We go through all
  54. 2:04the things that we look for on larger
  55. 2:06time frames when it comes to oversold
  56. 2:08bullish divergences breaking through 50
  57. 2:10weeks. We look for onchain data like we
  58. 2:12saw we got to 10.8 million coins and a
  59. 2:15loss for Bitcoin bouncing off of this
  60. 2:17300we moving average on the total market
  61. 2:19cap. Simply put that any corrections
  62. 2:21that end up happening historically are
  63. 2:24just corrections within a bullish trend.
  64. 2:27meaning that historically they're more
  65. 2:29buyable than trying to buy every dip of
  66. 2:32a bare market. Every time these things
  67. 2:34have happened, the bottom is already in.
  68. 2:36It's a more of a riskon environment. We
  69. 2:39don't enter bull market. And we can all
  70. 2:42kind of clarify what's a bull market.
  71. 2:43Does a bull market start at the literal
  72. 2:45low? I guess you could technically say
  73. 2:47yes, it does. We've brought that
  74. 2:48argument up before. But really, if we're
  75. 2:50looking for like bull market where
  76. 2:51things are like crazy and exciting and
  77. 2:53euphoric, they come during periods of
  78. 2:55expansions, right? And so now it's this
  79. 2:57long process of working back up this
  80. 2:58wall of worry to try to get to an
  81. 3:00expansion and looking for a lot of macro
  82. 3:02elements to align and confluences to
  83. 3:04align at the same time to say, "Hey,
  84. 3:06guess what? It is time we may send."
  85. 3:08Right now, I theorize we're just kind of
  86. 3:10working on these types of environments
  87. 3:13throughout right in here. This is all
  88. 3:15repricing of the market after being
  89. 3:17oversold with the whole market being
  90. 3:19panicked about us going down to 40 to
  91. 3:2150K. But then we kind of enter into a
  92. 3:24chop period all throughout in here. And
  93. 3:26then we're waiting for macro to be able
  94. 3:28to send us on our way to get out and to
  95. 3:31be able to escape. So the challenge of
  96. 3:33course is coming up with creative
  97. 3:34content without overhyping time
  98. 3:37expectations and thinking that things
  99. 3:39are about to explode right now. I think
  100. 3:41we would just look at markets from a
  101. 3:43process and how they work. We've watched
  102. 3:45all the processes unravel of going into
  103. 3:48a bare market. people not being scared
  104. 3:50of the dip. Thinking that we're still in
  105. 3:52an uptrend. Then we go into proof that
  106. 3:55it's been a bare market. However, that
  107. 3:57was capitulation. This is bottom
  108. 3:58building. This is recovery. Offsides
  109. 4:01capital re-entering. Then, as the market
  110. 4:04has repriced itself, we have to wait for
  111. 4:06macro to come in and play the game to
  112. 4:08say, "Hey, we're in a real bull market."
  113. 4:11In the past, when we've come out of
  114. 4:12these types of phases, right back here
  115. 4:14in 2023, we actually sat there for 6
  116. 4:17months. I don't know if we'll sit there
  117. 4:19for six months. I don't think we'll sit
  118. 4:21there for six months, but just to kind
  119. 4:23of teach you like the anatomy of what
  120. 4:25recoveries end up doing, we typically
  121. 4:27have these periods of excitement. Then
  122. 4:29we go into these periods of
  123. 4:30consolidation. We see all the same
  124. 4:33emotions run through the market and run
  125. 4:35through the crowd with retail investors
  126. 4:37and social media where right now in this
  127. 4:39particular moment in time. Pretty much
  128. 4:42most people are now convinced, hey, that
  129. 4:44was probably the bottom. But then we get
  130. 4:46everybody kind of coralled again
  131. 4:48together thinking, "Oh no, new lows are
  132. 4:50going to happen." And I know right now
  133. 4:52you don't see that anywhere, but I've
  134. 4:55been through so much of this stuff
  135. 4:56before. That's what tends to end up
  136. 4:57happening. And it's usually met by being
  137. 5:00in some type of range throughout in
  138. 5:02here. Then some type of liquidation
  139. 5:04comes in and ends the range. And then
  140. 5:06it's this period where everybody is
  141. 5:08screaming for lower prices again. And I
  142. 5:11don't mean to come on here and I keep
  143. 5:12using that term, be a wet blanket, be a
  144. 5:15Debbie Downer. When we're coming off of
  145. 5:16a period of extreme excitement, but the
  146. 5:18reality is, look, it's probably going to
  147. 5:20end up ranging at some point. And when
  148. 5:22it ranges, we go through all the
  149. 5:23emotions all over again of what the
  150. 5:25market typically does. And so, right
  151. 5:27now, it's just about, you know, being
  152. 5:28ready for that and trying not to be too
  153. 5:31excited. And that may sound like a wet
  154. 5:33blanket to say not to get too excited,
  155. 5:35but it's the things they do at the
  156. 5:36bottom, too, right? Like during the
  157. 5:38bottom, it's like, hey, not to be too
  158. 5:39scared, right? like, hey, when things
  159. 5:41get exciting, not to be too exciting.
  160. 5:43It's like trying to keep the equilibrium
  161. 5:45of emotions at all time and to try to
  162. 5:48remove them because when our emotions
  163. 5:49come into play and all this stuff, we
  164. 5:51end up making really bad decisions. I
  165. 5:53think we all know that. So, it's just
  166. 5:54about kind of keeping our cool
  167. 5:56throughout all of it. Right now, the
  168. 5:57market's just acting completely normal,
  169. 5:59right? This is our capitulation level
  170. 6:01that happened back here in 2025 and 26,
  171. 6:04right? We came down here in November.
  172. 6:06Then we ended up breaking. We back
  173. 6:08tested it. Then we did the liquidation
  174. 6:10crashing structure touches that new low
  175. 6:12ricochets. It's really all this stuff
  176. 6:14that we talked about this moment in time
  177. 6:16and theorized prior to this happening
  178. 6:18that we would see something like that.
  179. 6:20Right? There's the crashing structure
  180. 6:21with the new low. Shuffling our way back
  181. 6:23up. Having to work out that whole area
  182. 6:25in there. It looks fine, right? But of
  183. 6:27course, you know, this just ends up
  184. 6:29being a longer range throughout in here.
  185. 6:30A lot of the exciting action in the
  186. 6:32market kind of like cools off for a
  187. 6:34minute. I would rather have that be my
  188. 6:36expectation than my expectation be that
  189. 6:38we're going to rocket ship today or
  190. 6:39tomorrow because I would rather be
  191. 6:41surprised by rocket shipping today or
  192. 6:43tomorrow or next week or next month um
  193. 6:45than be thinking that it's going to
  194. 6:47rocket ship right now and then be
  195. 6:48disappointed later. But market looks
  196. 6:51really just how it should. But frankly,
  197. 6:53these are some of the more difficult
  198. 6:55moments in markets because we're not
  199. 6:56like at extremes, right? like when we're
  200. 6:58at peaks and stuff, we can identify all
  201. 7:01these extremes that we're seeing in the
  202. 7:02market and all these bearish divergences
  203. 7:04that are happening at the market and be
  204. 7:06able to say there's problems here. Or
  205. 7:09when we get to the lows, we can identify
  206. 7:11all the bullish divergences. We can can
  207. 7:13identify the oversold conditions and the
  208. 7:16onchain losses. We can identify the
  209. 7:18structures and the price levels for a
  210. 7:21bounce to happen and for a reversal to
  211. 7:23happen at. But then when we're having to
  212. 7:25work our way back up, it's much more
  213. 7:27choppier. Every little move is a lot
  214. 7:30less predictable throughout here. And so
  215. 7:32we have to like kind of back off and
  216. 7:34look at it from just the bigger time
  217. 7:35frame perspective. And we keep reharing
  218. 7:38similar terms saying conviction and risk
  219. 7:41on that. We've marked everything on
  220. 7:43larger time frames to say, hey, we look
  221. 7:46good. We look like we've reversed. But
  222. 7:48it's when we narrow in on smaller time
  223. 7:50frames, we have to say, okay, but
  224. 7:51typically we're going to form ranges.
  225. 7:53These ranges can vary in different time
  226. 7:55spaces or time lengths. Where do these
  227. 7:57ranges usually happen at? They happen
  228. 7:59throughout here. We're going to see
  229. 8:00emotions. And then what we're going to
  230. 8:02need to see is we're going to have to go
  231. 8:04back to talking about the things that
  232. 8:06nobody wants to hear is go back to
  233. 8:08talking about those macro elements again
  234. 8:10when the time comes. Right now, I don't
  235. 8:12think the macro elements truly matter in
  236. 8:14this particular moment because we can
  237. 8:17clearly see this isn't some type of like
  238. 8:19expansion happening in crypto. So this
  239. 8:21isn't some type of alt season happening
  240. 8:22in crypto. Uh we've studied this market
  241. 8:24tremendously over the past seven years.
  242. 8:26Next next month it will be seven years
  243. 8:28of me making YouTube content to
  244. 8:30understand like alt seasons and when
  245. 8:32they actually occur. They they occur
  246. 8:33during expansionary moments for Bitcoin
  247. 8:36and for macro at the exact same time. We
  248. 8:38knew that heading into 2024 in 2025. And
  249. 8:41then when we got those conditions show
  250. 8:43up there in late 2024, we knew, hey,
  251. 8:45this is like the opportune time for XRP
  252. 8:47to do its thing. Sure enough, it did it
  253. 8:49right on Q. But the Bitcoin dominance
  254. 8:51tells the story that this isn't like a
  255. 8:53expansionary moment. This isn't an old
  256. 8:55season moment. So that you have to ask
  257. 8:57yourself, what moment is it? And what it
  258. 8:59is is it's the bounce off the low,
  259. 9:00right? It's not the expansion or the
  260. 9:03expansion. It's the move off the low or
  261. 9:05like I've shown you in past videos like
  262. 9:07in back in 2015, right? Getting through
  263. 9:09that 50WE, it's the move off the low,
  264. 9:11right? And there's the pre-capitulation
  265. 9:14range that took place in there. And so
  266. 9:15that if we're going to try to guess
  267. 9:17where that range is going to stall out
  268. 9:19at and struggle at, that makes the most
  269. 9:21logical sense for it to be within there.
  270. 9:23And then we have to wait to be able to
  271. 9:24get this thing to be able to collapse
  272. 9:26and for XRP to be able to send and that
  273. 9:29it'll likely come with a macro element
  274. 9:31at the exact same time. And so I get
  275. 9:32that that we've been like reiterating
  276. 9:34that for, you know, solid week now. But
  277. 9:36I still continue looking at it and
  278. 9:38thinking the same thing. And my my
  279. 9:39thoughts don't change and it's not that
  280. 9:40I'm seeing anything different. And I
  281. 9:42know I come on here and I check in with
  282. 9:43you guys and you know I could easily go
  283. 9:45a week or two without saying anything
  284. 9:46and that that that point would still
  285. 9:48remain valid. But I do find value in
  286. 9:50coming on here and looking at it after a
  287. 9:52couple of days and saying you know what
  288. 9:53it still looks the exact same. Have the
  289. 9:55same thoughts. Market looks good. We're
  290. 9:56bouncing off the lows. We're in the risk
  291. 9:58on environment. Conviction is going to
  292. 9:59matter. There's going to be corrections
  293. 10:01on the way up. However, we shouldn't be
  294. 10:03afraid of those corrections because
  295. 10:05we're in a riskon environment
  296. 10:07historically. Anytime we break the
  297. 10:0850week moving average, either in 2015,
  298. 10:112019, 20, and in 2023, when we get
  299. 10:14through those after a prolonged bare
  300. 10:16market, it's been a risk-on environment
  301. 10:17every time. That doesn't mean we go up
  302. 10:19in a straight line up. There's going to
  303. 10:21be a lot of ranges along the way. We
  304. 10:22have to kind of maintain that same
  305. 10:24perspective. There's likely going to be
  306. 10:25ranges along the way. What happens when
  307. 10:27we have ranges? We see the entire
  308. 10:29sentiment of the crowd change all over
  309. 10:31again. And so we want to just constantly
  310. 10:32make sure we're not in in lock step with
  311. 10:35the crowd's emotions, like the crowd
  312. 10:37getting really excited, should we go
  313. 10:39push towards the top of this range?
  314. 10:41Because then what happens if we get in
  315. 10:42lock step with that and then we end up
  316. 10:44ranging throughout here? Well, then we
  317. 10:46know there's usually a liquidation at
  318. 10:48the end of the range before it shuffles
  319. 10:50up. And what happens with the crowd
  320. 10:52here? They get very pessimistic and
  321. 10:54scared. And so it's constantly trying to
  322. 10:56be like one step ahead of that crowd and
  323. 10:58ahead of their emotions and to make sure
  324. 11:00we're not getting in lock step with them
  325. 11:01or at least for me and then
  326. 11:02communicating that to you guys. I'm
  327. 11:04excited about the market in general.
  328. 11:06Like I'm thrilled. Obviously we grabbed
  329. 11:08or I grabbed uh a lot of crypto down
  330. 11:11here at the lows after getting out a
  331. 11:13bunch up here at the top. But I'm not a
  332. 11:15day trader. I'm not, you know, somebody
  333. 11:17who's sitting here managing positions
  334. 11:19every single day or every week. I
  335. 11:21operate on a much bigger time frame. I
  336. 11:23preferably I like to hold my stuff for
  337. 11:25longer than a year so I can get
  338. 11:26long-term capital gains tax status
  339. 11:28bracket. And so essentially the only
  340. 11:30thing I'm ever doing is managing my time
  341. 11:32expectations at any point. Like when we
  342. 11:34start moving like this, we start
  343. 11:36thinking to ourselves, hey, if we just
  344. 11:38keep doing this over and over, we're
  345. 11:41going to be filthy rich in no time. But
  346. 11:44but usually it doesn't move like that.
  347. 11:46It's going to pause out. It's going to
  348. 11:47have a couple struggle periods along the
  349. 11:49way. And my my thoughts are we're
  350. 11:51probably just going to have one. And
  351. 11:52it's probably just going to be in here,
  352. 11:54which will be in conjunction with being
  353. 11:56in here for the IGV or the eyeshares
  354. 11:59tech software sector ETF. And then uh
  355. 12:01once we can kind of get through here and
  356. 12:03macro really wants to cooperate and get
  357. 12:05out of that pre-capitulation range, then
  358. 12:08we go. So I only see one struggle point
  359. 12:10frankly between Bitcoin's all-time high
  360. 12:13and where we are right now. And it is
  361. 12:15that range. And so, you know, it just be
  362. 12:17questionable on whether or not does it
  363. 12:18have to come down and hit this 50week
  364. 12:20moving average or will we watch the 50WE
  365. 12:23moving average kind of make a turn up in
  366. 12:25here and come up and scoop us, you know,
  367. 12:27scoop us throughout here. And that's our
  368. 12:29patience game. And that's a patience
  369. 12:31game over there for XRP, too. You I
  370. 12:33think everybody operates on hopes of
  371. 12:35time and things like that. And I'm
  372. 12:37really bad at predicting time, but I do
  373. 12:39know that we've been in this bare market
  374. 12:41for XRP since 2024, right? And it's like
  375. 12:44the you're getting near the end here of
  376. 12:462026. It was kind of the same uh
  377. 12:48mistakes that we saw here in 2025 and
  378. 12:512026 as what we saw back in 2021 and
  379. 12:542022. You know, we could really see that
  380. 12:56when we were using Micro Strategy that
  381. 12:58we saw the exact same thing. While
  382. 13:00Bitcoin did go and set these new
  383. 13:02all-time highs in here, we can see with
  384. 13:04Micro Strategy, where does the peak come
  385. 13:06in? It comes in here earlier, right?
  386. 13:08Micro Strategy's peak was set there in
  387. 13:10November of 2024. And back here in 2021,
  388. 13:14it was set in February. Then this is
  389. 13:16just a retrace that happens in here. And
  390. 13:18this is just a retrace. However, Bitcoin
  391. 13:20goes and sets a new all-time high during
  392. 13:22this moment. So, it's like a bearish
  393. 13:23divergence created. And we talked a lot
  394. 13:25about this in the thick of this moment
  395. 13:27happening that hey, look, we we have
  396. 13:28this confluence with Micro Strategy
  397. 13:30telling us the same story that there's a
  398. 13:32problem, the exact same problem that we
  399. 13:34saw in the last one. and that people
  400. 13:36won't recognize where we are within the
  401. 13:39cycle back there in September and in
  402. 13:41October of last year of saying I don't
  403. 13:43think people realize the the bull market
  404. 13:45actually ended back in here. And so it's
  405. 13:47kind of that same stuff in here that
  406. 13:49we're so deep into it that this has
  407. 13:51really been a prolonged bear throughout
  408. 13:54in here. But the nice thing about
  409. 13:56Bitcoin and about Micro Strategy of
  410. 13:58course is we're getting back into lock
  411. 13:59step where things are operating together
  412. 14:01again like we saw back in here where
  413. 14:03we're getting in lock step. But as you
  414. 14:05can see, like once we come off this low,
  415. 14:07you know, it just gets choppy until we
  416. 14:11can actually get into an expansion and
  417. 14:13macro can cooperate with us. And so
  418. 14:15we're kind of entering into that kind of
  419. 14:16like chop grind stuff, which is what we
  420. 14:19always expected. Like even in our most
  421. 14:22bullish scenario, we could draw up in
  422. 14:24here for the market. That most bullish
  423. 14:27scenario said, "Hey, there would be this
  424. 14:29chop zone that happens in here before we
  425. 14:31could expand." All right. If you notice,
  426. 14:32I haven't even been like presenting like
  427. 14:34worst scenarios like worst scenarios are
  428. 14:36where we we do things and we have to
  429. 14:38really pause out for a long time in here
  430. 14:41like we saw for XRP back in here like
  431. 14:44right the whole expectation was that
  432. 14:45what we would push back up into this
  433. 14:47area back in here you guys have seen
  434. 14:49this a thousand times you've seen it on
  435. 14:50thumbnails you've seen it in newsletters
  436. 14:52and videos right this one pulls back way
  437. 14:54down deeper that I'm really not even
  438. 14:56presenting that I'm really presenting
  439. 14:58that you know it's looking way more
  440. 14:59optimistic that we're like actually
  441. 15:01having the more bullish scenario happen
  442. 15:04And the more bullish scenario happen has
  443. 15:05to have this range. And so the grand the
  444. 15:08grand picture of it all is the market
  445. 15:11looks really good. The market looks like
  446. 15:13we're in this risk environment, but it's
  447. 15:15like we're going to have to operate like
  448. 15:17emotionless machines throughout in here
  449. 15:20if the crowd starts getting too excited
  450. 15:22because there's multiple phases of
  451. 15:24markets. This is the phase where we
  452. 15:26repric off the low. Next comes where we
  453. 15:28establish a range. Very difficult to
  454. 15:30know how long that range will last. But
  455. 15:32then after that range is established and
  456. 15:35matured, that's where we try to go for
  457. 15:37the actual real one. And so the thing
  458. 15:39I'm just trying to do is to not get
  459. 15:40ahead of ourselves on thinking we're
  460. 15:43pres we're doing the elements that say
  461. 15:45we're going for the expansion one cuz
  462. 15:47it's not quite yet. This is just the
  463. 15:49ricochet off the low. We then have to go
  464. 15:51through this where everybody's like
  465. 15:52yelling at each other. And then after
  466. 15:54that, that's where we try to go for the
  467. 15:56big boy. We try to take this thing down
  468. 15:58and we try to get this IGV out of here.
  469. 16:00So things I'm not seeing in the market
  470. 16:02right now, right? Like I'm not seeing
  471. 16:04overly excited markets, right? Like I'm
  472. 16:08not seeing euphoria throughout the
  473. 16:09market. Certainly there is greed in the
  474. 16:12market, but there's always going to be
  475. 16:13greed when these moving averages are
  476. 16:15breaking and when prices are up
  477. 16:16consecutively for months on end, but
  478. 16:18it's not excessive greed. My guess would
  479. 16:21be is if we got back to the top of this
  480. 16:23range, that's where we would actually
  481. 16:25see some more real greed start to come
  482. 16:27into the market. And it's hard to
  483. 16:29measure that. We just kind of have to
  484. 16:30point it out at the time if we saw it.
  485. 16:32But I don't think we would actually see
  486. 16:33it until then. And that I I do speculate
  487. 16:36there would be a couple elements
  488. 16:37happening. Maybe we'd get lucky. Maybe
  489. 16:39we see XRP be able to pop out of here
  490. 16:42and then establish in that same range
  491. 16:44that we're talking about between like a
  492. 16:45buck 70 and 240. Then we would probably
  493. 16:48see some euphoria happen. [laughter]
  494. 16:51$1,000 is not a good enough. We need to
  495. 16:53call for $10,000, right? they would be
  496. 16:56like, "Okay, well look that $1,000
  497. 16:59fine.$10,000 that's crazy." But I'm just
  498. 17:02not seeing it. So otherwise, you know,
  499. 17:04we look good when the 50WE breaks this
  500. 17:06market historically has been for buying.
  501. 17:08Yeah, I'm treating it that way.
  502. 17:10Definitely selling is not a thought.
  503. 17:12It's still just about accumulating and
  504. 17:14waiting for those elements. If you find
  505. 17:16yourself sidelined, I you know, a lot of
  506. 17:18times with patience and FOMO and
  507. 17:20everything like that, what what
  508. 17:21typically happens with all ranges is
  509. 17:24really the same story, right? Move up
  510. 17:26here. Usually once a range develops, it
  511. 17:29does this thing where we kind of go
  512. 17:30above the top and then it eventually
  513. 17:33liquidates down here. This is usually
  514. 17:35where the best opportunity happens in a
  515. 17:38range development to be able to grab
  516. 17:41like what we saw back here in 2023 and
  517. 17:44back over in here back in 2019. I'll
  518. 17:47kind of highlight this area right here
  519. 17:50and swap us over to the daily time
  520. 17:51frame. It may not look the same as what
  521. 17:54Bitcoin does, but the concepts are
  522. 17:56really the same that a range develops
  523. 17:59and then there's a liquidation that
  524. 18:00happens here. Bitcoin wasn't as pretty
  525. 18:02as the total market cap. regardless of
  526. 18:04like finding support on top of a
  527. 18:06previous range but the idea is the same
  528. 18:08that you know it enters a range and then
  529. 18:11it liquidates and that there's one thing
  530. 18:13you always look for in the market okay
  531. 18:15and like I want you to remember this and
  532. 18:18it may not be important for months from
  533. 18:20right now I don't know everybody is
  534. 18:22totally fine with the market ripping to
  535. 18:24the upside and the market making these
  536. 18:27big fat green candles coming in here and
  537. 18:29happening very quickly everybody is
  538. 18:31totally fine with it however However,
  539. 18:34whenever there's a candle like this in a
  540. 18:37range which is super common to liquidate
  541. 18:39the end of the range and deteriorate
  542. 18:41sentiment, you will see extreme calls
  543. 18:44for manipulation. And it's always when
  544. 18:47that word manipulation is being like
  545. 18:50spread throughout crypto. That's like
  546. 18:52the like historic buy opportunity.
  547. 18:54[laughter]
  548. 18:55Anger, frustration, screams of
  549. 18:58manipulation. That's historically the
  550. 19:00buy window. I'll never tell you when to
  551. 19:01buy or when to sell. you do whatever you
  552. 19:03want to do. Markets are risky. You could
  553. 19:05lose all your money. You know, this is
  554. 19:06crypto. It's ridiculous. But man, uh
  555. 19:08there's nothing better than a a crowd
  556. 19:10screaming manipulation uh as a as a buy
  557. 19:13signal. It's just the classic classic
  558. 19:16thing. So, I don't know. I am rambling a
  559. 19:18lot for a Monday. I think it's just cuz
  560. 19:20we we have the same things that we've
  561. 19:22been talking about for the past week or
  562. 19:23two. Markets have done exactly what we
  563. 19:25want to see off the low, but I'm just
  564. 19:28looking at it through the lens of being
  565. 19:29like, "Hey, man. there's there's likely
  566. 19:31going to be a range that develops. Can
  567. 19:33we talk about what the sentiment's going
  568. 19:34to be like? At the same time, we're also
  569. 19:36like really ahead of it, right? Like if
  570. 19:38that if that range takes a couple months
  571. 19:40from right now, we're talking about this
  572. 19:41stuff and it could be a couple months
  573. 19:42until that, you know, manipulation stuff
  574. 19:44starts happening. Um I think what it is
  575. 19:46is I'm just really trying to paint the
  576. 19:48long-term picture. I'm not looking at
  577. 19:50this thing through the lens of a week or
  578. 19:51a month and that we're going to be
  579. 19:53rampaging then. I'm looking at it
  580. 19:54through the process of being like in,
  581. 19:56you know, year or two. How does it look
  582. 19:58rampaging its way up? And what are all
  583. 20:00those phases and what do they look like
  584. 20:02to get there? The first phase is to get
  585. 20:04off the low, confirm all the bullish
  586. 20:07divergences, confirm those 10.8 million
  587. 20:09coins and a loss. The next phase is go
  588. 20:12establish a range and then wait for
  589. 20:14macro to give you the green light to go
  590. 20:16for the all-time high. And right now,
  591. 20:17we're at the phase of getting into that
  592. 20:19established range and creating that and
  593. 20:21then waiting for macro. And so if you
  594. 20:23hated it during 2023 [laughter] of
  595. 20:26talking about breadth and macro markets
  596. 20:28and we needed to see this and we need to
  597. 20:30see that, well, I'm here to tell you
  598. 20:32we're gonna do it all over again. Um,
  599. 20:34but if you stuck with the process in
  600. 20:362023 and 2024, you know that it was
  601. 20:39right. You know that that's what did end
  602. 20:41up causing the market to end up ripping
  603. 20:43and that'll be the thing that we're
  604. 20:44looking for next. But what we're not
  605. 20:45going to do is we're not going to sit
  606. 20:47here and let the crowd continuously get
  607. 20:49wrongfooted like they have um in these
  608. 20:52ranges and try to mess with our own
  609. 20:55emotions and our own understanding of
  610. 20:57what's happening in the market because
  611. 20:58this crowd is going to non-stop get it
  612. 21:00wrong. And that's not to pick on
  613. 21:02anybody. You just have to understand
  614. 21:03being in this market for so long,
  615. 21:05everybody knows it. The general
  616. 21:07consensus always gets it wrong. And you
  617. 21:09can always kind of pinpoint where the
  618. 21:11general consensus is going to have
  619. 21:12extreme emotions. Extreme euphoria,
  620. 21:15extreme fear. Then once we go back into
  621. 21:17a retrace, they get extreme euphoria at
  622. 21:20the top of a retrace. And then as a
  623. 21:22range establishes, they get extreme fear
  624. 21:24and they scream for manipulation. And
  625. 21:25then we look for macro to take us on our
  626. 21:27way out. So it's a huge process. We've
  627. 21:29got to work through it. However, we're
  628. 21:31in a risk on environment. And I'm very
  629. 21:32excited. And I'm going to quit rambling
  630. 21:34at this point. I'll just leave you with
  631. 21:35this. Today we're going to have the 100
  632. 21:38day moving average cross through the 200
  633. 21:40day moving average. That'll be the first
  634. 21:41time pulling out of here that we end up
  635. 21:43getting that to happen in 2022 and 2023.
  636. 21:47Of course, that was it. It had symbol
  637. 21:48that the market had already reversed. So
  638. 21:51again, another thing to stack into that
  639. 21:53corner. There's going to be ranges.
  640. 21:54There's going to be chop that happens on
  641. 21:56its way up. But I think we have an
  642. 21:57established plan to look at it and a
  643. 21:59lens to look at it through. We're
  644. 22:00repricing the market right now. We know
  645. 22:02there's going to be another range at
  646. 22:04some point that develops throughout
  647. 22:05here, but after that range, it's going
  648. 22:07to be looking for macro and looking for
  649. 22:09the actual real full send of this market
  650. 22:11to be able to escape into new highs. So,
  651. 22:13it's nice to see the third consecutive
  652. 22:15green week close above the 50we moving
  653. 22:18average. We're back into risk on in this
  654. 22:20market. It feels good. We'll just kind
  655. 22:22of take it a day at a time and wait for
  656. 22:23things to get more clear in regards to
  657. 22:25ranging and range boundaries and things
  658. 22:27of that sort. Otherwise, we just kind of
  659. 22:29keep looking at it through the lens of
  660. 22:31this is what recoveries look like. So, I
  661. 22:33hope that you guys had a wonderful
  662. 22:34weekend. We'll see how this week goes
  663. 22:36and I'll check in with you, of course,
  664. 22:37multiple times throughout the week for
  665. 22:39any type of developments. In the
  666. 22:40meantime, you can check out the
  667. 22:41newsletter that I published last week
  668. 22:43titled, "The last domino has fallen with
  669. 22:45Bitcoin's move historically confirms
  670. 22:47risk on. All coins are waking up with
  671. 22:48giant structure building and the next
  672. 22:50phase of the market begins." It includes
  673. 22:52a 30-minute audio recording in here. I
  674. 22:54record all of these before I publish
  675. 22:55them. These are like my deep think
  676. 22:57pieces that I put together that take
  677. 22:59several days and I do two of them every
  678. 23:01month. If you sign up for the
  679. 23:02newsletter, you get access to all the
  680. 23:03past ones and all the audio recordings
  681. 23:04that go with those as well. There's a
  682. 23:06link down here in the description of all
  683. 23:07of my videos to the newsletter at
  684. 23:09blockchainbacker.substack.com
  685. 23:11or you can go directly within your
  686. 23:13browser. Otherwise, I hope that you are
  687. 23:15doing well and I want to thank you so
  688. 23:16much for watching. It's exciting to be
  689. 23:18on this phase with you guys and to be
  690. 23:19especially in this particular phase. It
  691. 23:22was very difficult to say the blockchain
  692. 23:23backers got your back in September of
  693. 23:26last year all the way through February.
  694. 23:28It was a lot easier when we're bottom
  695. 23:30building to say I got your back. But
  696. 23:32it's even better to say it when uh price
  697. 23:34proves it and we bounce off the bottom.
  698. 23:35Now we just have all the processes to go
  699. 23:37through to try to get back to the
  700. 23:38all-time high. So I look forward to
  701. 23:40going on that journey with you guys and
  702. 23:42uh we'll stick together throughout it
  703. 23:43all. But all right, that's it. Thank you
  704. 23:44so much for watching. If you could
  705. 23:46please like this video and give it a
  706. 23:48thumbs up. If you're new to the channel,
  707. 23:49please subscribe and hit the
  708. 23:50notification bell so you can be notified
  709. 23:52of when I create new content and when I
  710. 23:54go live. As always, this is not
  711. 23:56investment advice and I am not a
  712. 23:58financial adviser. But if you ever need
  713. 24:00a pickme up or a little bit of
  714. 24:01reassurance, just remember that the
  715. 24:04blockchain backers got your back. Have a
  716. 24:07good one.
  717. 24:10[music]

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