🏆 (REGISTER NOW FOR OUR FREE TRADING WORKSHOPS) Plus Our Free Crypto & Economic Report Emailed To You:
🔥 TIA PREMIUM MEMBERSHIP: Trading Courses & Exclusive Community
Please subscribe and share the content with a friend if you find it valuable to you. Thanks, Jason.
UP TO $38,745 FREE! Crypto Exchanges
🥇 ByBit Free $30,030 + 0% Maker Fees:
🥈 Bitget Free $8,725 (US + Global Users NO-KYC)
🇦🇺 Swyftx, Best Australian Crypto Exchange, $20 Free BTC
(Disclaimer: Swyftx, ByBit and Bitget are channel sponsors. All decisions you make are your own.)
▶ My Official Socials ◀
YouTube
Instagram
Twitter
▶ My Must-Have Crypto Resources ◀
👾 Free TIA Community Discord:
📈 TIA Gann Swing Indicator
🏆 TIA PREMIUM MEMBERSHIP, Trading Courses & Exclusive Community
🐂 TRADINGVIEW ($15 Off)
🔐 LEDGER Crypto Wallet
👨🏫 KOINLY Crypto Tax (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
Another day another headline in crypto And finance this time it's the SEC suing Binance investors are fleeing Bitcoin to The tune of a huge 4.9 is this the end of crypto is this What we've been waiting for or is it a Beautiful opportunity for those that Have their plan set up for those that Have a vision of the macro understanding Of the cycle what is it going to be is This the Bear's turn to finally break The market down or is this the Bulls Opportunity to buy the F and dip sit Back and relax and wait for the cycle to Play out I think you know what my answer Is on this however let's discuss both Sides of the equation but first up hit That like And subscribe you know the Deal when it comes to YouTube and the Algorithm all right guys let's dive into The headlines here SEC claims Solana Polygon cadano Securities and binance Lawsuit basically the headlines the Reason for this particular dump is that The SEC is now suing a binance they want Binance out of the US they want to come And destroy crypto in the US they want It gone the The Narrative around the Operation choke point now there's always Some sort of major headline or narrative Right so I think for the unsuspecting Retail investor they what the SEC is Trying to do is pin binance to be the Same as FTX get your money out the thing
Is going to collapse stop trading crypto It's a scam it's going to ruin your life Most of that's probably true most of it Is a scam 20 000 coins most of them are Going to go to zero this has happened so Many times in the past yes they'll go to Zero however what the SEC hasn't talked About in their lawsuit is Bitcoin and Ethereum so what they've questioned is Binance is use or selling on the Exchange of stable coins like busd 10 Other tokens like Solana cardano Matic Filecoin atom Sand Mana algo axi and Coty maybe There's going to be some more in the Future maybe some of these are going to Come off the list but this is what they Have come after so far because they're Saying that these are not supposed to be Traded on their Securities or they're Treating them as such and that binance Is mishandling user funds so all Allegations at this point and of course This is scaring the market to the tune Of a huge 4.9 at the time of this Recording so next thing we're going to Look at is what do we do in these Situations so I've got a post here on Twitter go and follow me on Twitter if You haven't already links are in the top Of the video description along with our Free uh crypto and economic report that Is coming out now in approximately 36 Hours link is in the top of the video
Description there's jam-packed full of Bitcoin crypto real estate cycle stock Market stuff that you need to know about As I would say So the Tweet here we're looking at What we've seen in the past what we've Just seen over the last four or so Months U.S banking crisis that was the March low so let's have a look at this On a more macro timeframe here right Here at the bottom here nineteen and a Half thousand dollars We've also had the regional banking Crisis and that was also a nothing Burger that happened throughout April And also in may we had the other banks That were collapsing during the banking Crisis here we had the svbs we had the Credit Suisse we had the Deutsche banks That was all through these moves to the Downside in uh for Bitcoin throughout March and of course the market has has Moved away from that point and more Importantly it's moved away from that Point on the S P 500 this is the biggest One this is what's most important so Nothing Burger there nothing Burger There U.S debt ceiling crisis nothing Burger there we're at three interest Rate hikes nothing Burger there I know There is going to be plenty of people Saying that is incorrect we're seeing a Lot of bad stuff going on in the economy Remember what we do here we trade the
Markets we trade the charts we trade the Facts that are going on with the data Coming out in the charts we are not Trading the economy we're not trading How bad some groups of people may have It in if we're not trading how some People may not be able to afford Fuel Some foods Energy Housing real estate that's not what We're trading we're trading what the Markets are giving us we're trading what Is in these charts themselves so we have To always remove those emotions and the Fears of the economy and just trade what The Market's giving us and that's why I've got here uh nothing Burger Recession fears same thing nothing Burger even if there is a call of Recession even if it is announced the Charts are telling us a different story And we're here to make money from the Charts if they're going up and you're a Buy only a long only then you've got to Be buying low and selling higher not Waiting for some sort of economic data To come out trade what is in the charts So if this is nothing Burger this is a Nothing Burger U.S debt selling price is Nothing bigger interest rate hike Nothing Burger a recession fare is Nothing burger and I'm saying there are Nothing Burger because they've happened
All throughout this period here and These periods and these periods and These periods for the market going down And the market is now above all of those Prices that's why they are in fact a Nothing Burger then what if SEC suing Binance is also a nothing burger for Bitcoin for cryptos what if it's a Nothing burger what should you do next Some of you guys have got some comments Here good point what should we do here Stack SATs they are also some good Answers as well so let's have a look at That on the chart itself daily Weekly and monthly we have different Time frames we have different views of The market as I record this we are at 30 Minutes to go so you this will be closed By the time I'm able to post this but What's happening right now is the market Is climbing ever so slowly but it's Getting back above 25 800. I'm not Saying that this is where it's going to Be at the end of the close if it closes Under these levels that's a little Weaker and then we're probably going to See at least another test of the current Low which is at 25 391. so basically 25 400. so if we get a Close underneath these levels they are The base and probably Market will try And test those lows again I'll show you What or how that looked in the past as Well
Now if we get to close above these Levels then that's a little stronger Maybe we still try and test them but It's going to be a weaker test to the Downside if for some reason in the next Half an hour we get a nice strong push Up and we start to close above 26 000 And more importantly probably above These levels here this is where that Previous low came in at 26 300 basically You've got the close another close and Then the push away that's going to be an Even stronger level and then the yellow Line here so that's where this swing low Came in to where the marks started to Close above that's where the market was Consolidating above that is going to say That this was a nothing Burger in the Quickest fashion possible now of course Not much time to go so I don't think These options are likely but never fear We've talked about this seven days ago In this video here what's next with Bitcoin in June looking at the macro Looking at the micro as well and then Giving us an idea of support and Resistance zones for this particular Area of the market for the buy the buy The dip opportunity which again we Looked specifically at in this video What if we see a test to the downsides You can see here this was the maybar we Haven't even entered June when this Video was uploaded so just looking at
What could happen and how we should act If certain things happen in the market Your pivot Points those sort of things So this box has been an area that we've Been looking at for a pretty long period Of time this is 27 000 to the upside 24 000 to the downside so we've dropped Back into this box we're underneath These levels if you want to play it a Little more risky you're going to be Buying up the dips to the downside but If you cannot handle the heat in the Kitchen Have stops in play have your stops at Key turning points on a macro chart that Is what I'm looking at to the downside Here if you want to play it less risky Then you wait for those levels that I Just talked about you want to see those Closes get as high as possible but if You don't want to wait until the market Breaks 28 and a half thousand dollars Then just keep your stops at slightly Lower points as well if the market of Course comes back and climbs above these Levels so that's what we have so far That's what is happening right now how Do we get to this point on the daily Where we're looking at the 50 rejection Here on May 29th so a little weaker There and then yesterday the weekly Chart did not close above our 50 level So that's these two rejection points 50 Rejection on the downtrend and then a
Week weekly close below 50 percent and That 50 comes from the low to the high And you can see how it just missed the 50 it closed at 27 120 A2 the 50 was 27 169. so short by about fifty dollars and Then we get that quick flush to the Downside so the trend was down and when The trend is down all it needs is a Little nudge from some sort of bearish Narrative we've got the bearish Narrative SEC going after binance and That allows a market to continue in the Direction of the trend so what you would Be waiting for what we're waiting for is A consolidation or some sort of stopping Volume some stopping area in terms of Price to get us back above those levels The other thing we looked at in this Particular chart moves on to the weekly Chart so looking at something a little More macro and we started to look at Weekly time counts to the downside at The time we were at this week here so We'd seen Four weeks to the downside on the swing And we're sitting around the sixth to Seventh week itself of the market not Getting back above the top when now we Finally have a lower low than the fourth Week so that puts us out at eight weeks Down and we're coming into some news Next week for the the US with the CPI Data and the interest rates and so this Is coming out in really good timing on
The weekly chart so what we saw from the Downside just as a quick recap 11 weeks From the top to the bottom before we had A pretty significant correction this is The bear Market this is the transition Period however long it takes we've Talked about time frames so these areas Are going to fail but you can get a Count of how long these moves take to The downside to give you an idea of how Long these moves might take so we had 11 Weeks to the downside we had 11 weeks to The downside we had 12 weeks to the downside plus two minor Weeks that only just touched it by a few Dollars to the downside so 12 to 14 Weeks and that is that little move that I talked about earlier where the market Closed down had a very low close tested Tested again broke it by a couple of Dollars so 15 632 15 479 barely Worthwhile in a percent only one percent To the downside and then of course we Moved away from that point so we've had 11 weeks 11 weeks 12 weeks you can count It as 14 if you wish and now we see Ourselves at eight weeks so we're coming Towards the end of this move do we Finish up here do we finish up in the Next one or two weeks bringing us out to About that 10 or 11 week point we'll let The market tell that story but at the End of the day even in a bear Market
That was basically the extreme of the Downside Move It could only do 11 weeks Before a correction came so 11 weeks is The downside so pay particular attention If you're looking to get into shorts or Anything like that or expecting this Move to take out the low to take out the Next low You're running against time right now Because in the bear Market the worst Possible times these moves to the Downside we have to at least the Bears And the Bulls can agree these moves to The downside are far far more severe Than what we're seeing right now and if That's the case you need something as Severe as what happened here you had Lunar UST collapse basically billions of Dollars wiped out of the market uh more Billions of dollars here with people User funds in C5 that was the June dump And you have to have something far far More severe than that to tank us back to Those lower prices that's just what Needs to happen in the market to get it To that point and you're running out of Time for a major narrative like that They're trying to do it with the binance Narrative at the moment and trying to Position binance the same as FTX of Course those of us have been around a Long time can see the difference between Them nothing is guaranteed in this Market but you have to expect and
Understand that there is a difference Between by finance and FTX the way They're being run Okay so we've gone Through all that we've also got this Video here this was seven days ago Another piece of the puzzle the mvrv Score This is not dropping back into the green Zone yet maybe you'll get that Opportunity but at the moment even with This current move to the downside of 4.95 it's still unable to get back into That green zone however as a buy the dip Opportunity the price is not that far Different to where the market uh reached The peak of the green zone so look at The peak here at the green zone which Was this bar here uh the top to where we Currently are at the closing price it's About 4.6 percent so this is just to Adjust your risk if you're looking to Get into the market what is the market Going to do next who knows what we're Trying to understand is how much are we Leaving on the table if we are waiting For further downside before we get into The market okay so for the daily Obviously the swings are down for the Weekly the swings are down we're running Out of time for any sort of major move To the downside what's the monthly doing Well the monthly is also running out of Time we can see we had one month to the Downside two months to the downside and
In this case one two three months to the Downside two months to the downside this Is an up bar even though it is red we've Got two two and a half months to the Downside so so far we're at two months To the downside so we may get a change In Trend in June we might see this low Come out mid to late June wherever it May be and at that point I think the Time is going to be up meaning the time To this downside move in the shorter Term cycle the weekly cycle here Um and potentially even in the monthly Because we're looking at this three Months here two to three months here one Month here another one month here that Could be the end of the move and we Start to get another churn back to the Upside which is what we looked at in Yesterday's video as we covered the s p The NASDAQ Dow Jones the Russell 2000 as We look at these particular markets Potentially coming out to a topping Point which may also turn the market as Well so in terms of the s p just a quick Look at the traditionals you can see We're coming up to a technical area area Of 4 300 points just overnight it hit 42.99.28 but on the Futures Market here It did hit 4305 so we're getting close to that top Of the August level there expect some Sort of short term maybe a bit longer uh Term of a correction maybe a grind
Sideways we'll continue to cover that But the main thing I want to look at Today was Bitcoin cryptocurrencies as They continue to bleed out so if they're Bleeding out what else can we look at What else can we do here what are we Going to do with our money before I have A look at that you know what I need from You hit that like And subscribe let me Know where you're sharing the content With is this is across Discord WhatsApp Twitter where are you sharing the Content and how are people responding to It uh our newsletter also goes out in The next 36 hours link is in the top of The video description for that back to The cryptos and what we can see from the Total cryptocurrency market caps over Here on the right hand side you can see The drops in price of the total market Caps this is total this includes Bitcoin And eth total two excludes Bitcoin total Three excludes Bitcoin and eth and if You look at the percentages it's only Minor but of course these are the total Market caps themselves including Everything except the one or two Exclusions you can see that the total Two has dropped the least Which means eighth is holding up the Best When you look at the total Cryptocurrency market caps because the Top one has Bitcoin any and we know
Bitcoin has dropped of course eth has Dropped in USD value but it has actually Gone up or is holding relatively stable Against its BTC value so each BTC is Holding up by 0.8 still at above seven Percent overall of bitcoin's value still Holding the 800 1800 level even though It's dropped four percent Bitcoin has Actually dropped 4.8 so it's holding up Against its BTC value whereas you can See everything else is having a very Very hard time holding up against BTC File coin a uh five percent FTM six Percent uh anything against this BTC Value is basically dropping LTC Um yeah you've got their LTC you've got Link you've got everything is in the red We don't need to go through these over And over again but you had the odd one Or two it's one percent up and in this Case Quant also five percent what I'm Saying here is look for some of these Cryptos that have a stronger ground and Against Bitcoin during these times when Bitcoin is going down and that might Help you find the stronger Cryptocurrencies when the market is Dropping Bitcoin of course and your Altcoins are holding up against their BTC value that could be a sign that is Going to be a stronger cryptocurrency Leading into the next bull market but of Course you need to compare many other Factors like where are those lows where
Are those lows coming in are you seeing The coin go down down down down and then Finally get a quick little bounce or Something like eth where the low against Bitcoin was in June another low happened In March and you've also got a higher Low here in May and it's still finding Strength against Bitcoin while Bitcoin Is going down doesn't mean that these Are going to hold over the next several Months but you've got a much better sign Of strength here with the lows holding On a more macro scale than something Like let's pick Doge which in fact is Very very weak you can see all the lows Continue to get taken out I literally Just clicked on one of these just to Find out what's going on and Dot look at That it's up positive against ATC but It's down overall massive massive Downtrend that is not what you want to See in a cryptocurrency that is going to Be strong in the next cycle we've Covered a ton of ground here with the Bitcoin crash keep an eye on this low Where is this Market going to close Today and over the next few days the key Level we want to see initially is 26 600 Some nice closes above there if you're Feeling risque then maybe there's some Good buying opportunities here but of Course if you can't handle the heat in The kitchen definitely keep some stops In play in case the market continues to
Fall and you're a little scared of Holding the BTC overall the macro Trend The monthly is still up I'm still very Bullish on the macro Trend short-term Trends are very very different they move In different Cycles but overall the Monthly is still in a nice solid Position well it's also in a nice solid Position is your support with the Channel hit that like And subscribe Links in the top of the video Description of course next 36 hours for Your free crypto and economic report Coming out otherwise I'll see you back Here in the next video Until then take Care and peace out