🔴 Limited Time Triple Bonus with Swyftx, FREE $30 BTC Until 26th May!
🇦🇺 Swyftx, Australia’s Most Trusted Crypto Exchange
https://trade.swyftx.com.au/register/?ref=jasonpizzino&promoRef=jp30
🏆 (SIGN UP FOR OUR FREE TRADING WORKSHOPS) Free Crypto & Economic Report Emailed To You:
🔥 (PRICE INCREASING SOON – SUBSCRIBE NOW) TIA Premium! Trading Courses & Exclusive Community
Remember to subscribe and share the content with a friend if you find it valuable to your investment knowledge. Thanks, Jason.
UP TO $38,755 FREE! Crypto Exchanges
🥇 ByBit Free $30,030 + 0% Maker Fees:
🥈 Bitget Free $8,725 (US + Global Users NO-KYC)
🇦🇺 Swyftx, Best Australian Crypto Exchange, Limited Time $30 Free BTC
▶ My Official Socials ◀
YouTube
Instagram
Twitter
▶ My Must-Have Crypto Resources ◀
👾 Free TIA Community Discord:
📈 TIA Gann Swing Indicator
🏆 TIA PREMIUM MEMBERS, Trading Courses & Exclusive Community
🐂 TRADINGVIEW ($15 Off)
🔐 LEDGER
👨🏫 KOINLY (30% Off)
This video is for entertainment purposes only. It is not financial advice and is not an endorsement of any provider, product or service. All trading involves risk. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. #crypto #bitcoin #cryptonews
Well yesterday's video age like a Beautiful red wine this is not what I Expect to happen every single time but The signs have been there for a very Long time we're watching the macro cycle Play out we're watching this the bottoms Come into the market in 2022 we're Watching the market slowly and then very Fast climb out of the wall of warrior Going from higher low to higher low to Breaking out of resistance levels this Is what we've seen overnight on the S P 500 we've seen this on the NASDAQ Closing at some of the highest levels in Over a year we're also seeing the Strength in Bitcoin coming in while the US dollar is also strong there are so Many signs here in the markets showing That the Bears are getting crushed Slowly and then eventually quite quickly This was the warning in yesterday's Video so don't go anywhere hit that like Button make those fireworks go off if You're on your computer or let me know How you want mobile so we have a ton to Get through today as the market keeps Giving us more and more good news I Didn't realize how much people didn't Want to hear the good news of the Markets going up especially in the face Of a looming recession and higher Interest rates and sticky inflation and Banking crises all this stuff going on And the markets keep going up I've got a
Lot to get through with you today but First I just want to mention to the Aussies Finance Australia holds AUD Payments so if you are with Finance Swiftx has kindly given us a triple Bonus here yes they are a sponsor of the Channel so I'm letting you know that as We are talking about them right now so They're doing a 30 free BTC if you use The link in the top of the video Description as most if you're on binance Are going to need a new on-ramp and Off-ramp if you're trading Cryptocurrencies so link top of the Video description that is for Swift X That is now 30 bucks for a limited time Just seven days so check that out let's Dive In into the first piece of updates Etc so we have just seen a little bit of A push to the downside it's a 2.1 Percent drop on the day after Yesterday's 1.37 move the main thing That we're noticing here is over the Last seven days the price has been Basically the same seven days ago it was 26 986 and today it closed at 26 820 Basically a hundred bucks lower in the Same period the US dollar has increased So typically what we've seen between These two charts is when the US dollar Declines Then you get a nice rise on BTC we had That rise through this period when Bitcoin was consolidating and then going
On its run from late December January Into that peak in April and then from That period you had the November Collapse of the US dollar all the way Down into the February low quick little Run up and then that final low in April So during that same period the US dollar Lost a lot of strength and BTC gained a Lot of strength and in the short term What we were seeing was just a little Bit of hesitation here from BTC of Course these swings have felt like the New bull market and bear Market to most Investors but when you look back over Seven days price has basically gone Nowhere when we look back all the way to This swing bottom that occurred in March Going back 52 days price is basically The same as it was back then as well so I've put this down as to USD repricing Obviously the price is repricing because It's priced in USD however it's almost Most the Divergence is finding a little Strength here we're not seeing the same Divergence as what we saw previously on BTC to the US dollar So eventually when The strength comes back into Bitcoin Once we've gone through our Consolidation we may see a little faster Move to the upside of course we're still Waiting on the US dollar to come towards Some resistance and those resistance Points are now in the short term being Overcome it's overcome in the short term
103.3 that's our 50 level from the top To the bottom the next levels to the Upside we can see around 105 105.3 these Go all the way back to June 2022 there's A peak small resistance there's a couple Of bottoms here then we started to have Some support before it broke down and Became resistance you also got some Resistance and then the resistance at That March Peak so if we're able to Consolidate above these levels that's Probably the next level to look forward To around 105 to 1 106 because that's That next Peak so we'll continue to Watch what happens to the US dollar and How Bitcoin responds to a potentially Increasing US dollar if we find the US Uh the Bitcoin price continues to remain Relatively stable meaning it sticks Around these areas between 24 25 26k and Maybe to the upside here of 28k while The US dollar goes up that is Potentially going to be some strength to Bitcoin once the US dollar finds some Resistance and starts to head back down Because in the face of the US dollar Going up we've already started to see Bitcoin maintain its pricing while the US dollar gets stronger because Eventually the tides turn this always Happens just like we saw at this low That we saw from March into April we Called it here because we saw how Extreme the news was getting at this low
We were anticipating some sort of move To the upside or at the very least a Pause here because of how bad the news Was we paused for quite some time Without the price going low on the back Of very extreme bad news for the US Dollar and guess what Market goes up From them from there exactly what Happened at the peak extremely good news For the US dollar we had the Euro Collapsing we had the Great British Pound collapsing and everyone's saying The US dollar is the only Safe Haven the Milkshake Theory getting more and more Headlines there and guess what happens The US dollar goes sideways and we were Talking about it all through this period You guys remember that we could see the Weakness starting to come into this Market on the back of extreme good news And of course the market collapsed from That point so we expect expect the same Thing to happen from here maybe the news Isn't going to be as loud but we'll Start to see some sort of resistance Levels whether it's here at 105 106 or Up here at around that 107 108 that 50 Level which the market hasn't tested Onto the S P 500 and the short-term Bullishness here is the breakout the Market hits a new closing price new Highest closing price for 2023 a new Highest daily close of 2023 a new Highest price as well it's had its
Highest daily close in nine months it is 2.65 from the August Top This was that Peak before the market collapsed into That final cycle low all the stuff we've Been covering for that entire Transitional period of the s p it broke The 4200 we need to get a few more Closes above there it closed above the Bear Market 50 level That is from the top to the bottom you Can see this level right here when you Move that to the top there it is there That 41 50-ish level so nice closes Above there showing more strength coming Into the market it's now just 14 from The all-time high so once there was a Whole bearish move now we're starting to See that move to the upside and it's Also now 217 days from the low so about Seven months it's technically out of a Bear Market climbing 20 from the low so It's just over 20 there is your low There is the current price to 20.5 Percent to the upside so technically Speaking it's out of a bear market so These are just the facts from the chart There is nothing there that's an opinion That's literally the facts from the Chart also there are higher swings as Well which I haven't pointed out in that Post but you guys know about it so Investors that saw this coming from the June and October low as I've been Pointing at here on the channel for
Obviously nearly coming up to 12 months Are now positioned with minimal risk so Although it may seem like the riskiest Time to buy at the bottom when the most Fear is there may have the most fear May 2022 had extreme fear and June had Extreme fear this is now the safest Place to buy through this area as well Also a reasonably safe place to buy and Of course the lower you can buy at the Bottom the less risk you have as the Market starts to move against you of Course there's always the the side that This Market could go down further but Lay it in with the rest of our analysis That helps us stay safe in the market by Also having stops in place in case the Market does fall against us but for now Everything is still in tune and the Market is breaking to the upside so what Happens from here well this is leaving All those that are still in cash like we Talked about in yesterday's video the uh The warning that I've got here where we Had a lot of cash sitting on the Sidelines and eventually this has to Start creeping into the market because Of the gains that the market is making It's putting pressure onto the cash on The sideline that's only making four to Five percent these managers have to be Beating the market they have to be doing Better than the market so keeping money In cash is going to hurt their bottom
Line so this eventually starts to put a Squeeze onto the market and you start to See this thing move higher and higher Just like we're starting to see on the NASDAQ so this becomes risky now this is The risky part when the market starts to Go up is risky just look at Bitcoin as The market starts to go up you can see It happens faster faster and buying in At the tops is the risky part not saying That we're at the tops yet for the NASDAQ but in the short term we'll Obviously have to get a top soon this Month next month we'll wait and see but You can see the move is getting faster To the upside so this is putting Pressure on those investors who are on The sideline who now have a higher entry Point than what was happening back here And eventually when this thing rolls Over they'll be in losses faster than The rest of them you guys anyone that's Buying at these lower prices whether it Was Apple whether it was Facebook Whether it was Tesla whatever it is Have a much easier sleep at night Because any move to the downside still In profits whereas these guys Unfortunately who are getting in now Later as you can see the market start to Break They're in a bit of strife if and when This Market starts to roll over just as Clarity we're not saying that this
Market is going to roll over and Collapse to new lows but we do know that Markets have short-term pullbacks you Can see that's just a natural part of The market especially once it's been Going up for a period of time and Depending how fast it goes up it has to Have those pullbacks and So eventually That's going to happen hopefully for the Sake of the Bulls it happens above the 50 level now that we've started to break Out and break these tops nonetheless we Still have the backups underneath these Lows that were set in April and also the Backups that were set underneath March And the backups that were all set back At around 10 10 and a half thousand Points through October November December And January I've been coming at you day After day being on the right side of the Market so if you're finding value in Understanding how these markets are Working leave us a little like down Below and if you haven't already Subscribe if you want to go there extra Step further drop us a love heart in the Comments section all right guys the last Thing we'll look at here is the selling May go away so far it's point six Percent to the upside this is May 1st This is where we're currently sick sit So still too early to tell obviously It's the six month period of May through To the end of October but what history
Has shown is typically it's not the best Time to be selling only if you're Comparing it to the period between November and April is that this period Of May to October is a less profitable Period than November to April Nonetheless it's probably going to have An upside here so basically a positive Return in that six months now the last Thing I wanted to go through which I'll Leave for a real estate video which is Long long overdue so apologies to you Guys who are waiting is something to do With the interest rates and DR Horton Can start to see some of these signals That are coming into the market some of The leading indicators here these are Some of the other indicators that have Shown us that these markets are not Ready to roll over and collapse this is What many people have been talking about With the s p waiting for the s p to roll Over and collapse it's not time yet They're waiting for the NASDAQ to roll Over and collapse it's not time yet the The home builders are showing us a very Different site the interest rates are Also showing us a very different sign This has been brought up many times on Many different other places around the Media and I guess other influences and I Just want to go through this and show You what it means in real terms and what We can expect over the coming years
Because this is going to come to a major Collapse not yet we have some time but We're starting to see some of those Signs of this move speeding up and then That is the scary period hopefully I've Been able to show you that especially in This short term where the markets start To speed up and those late entrants all Get it wrong and they're left at a high Leverage position or at a loss very Early on in their investment it's going To see that I think we'll see that soon With the the NASDAQ as this Market picks Up that little bit of speed here so Those late entrance in the short term May come and have their position in a Bit of a negative so I'm going to go Through this in a video on real estate Stay tuned to the channel hit that like Button down below subscribe if you Haven't already and leave us a beautiful Little love heart if you happen to join Us there alright guys thanks once again I'll see you at the next video Until Then take care and peace out