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The markets are now entering the most Critical stage of the old coin and Bitcoin cycle we are going through that Churny sideways period This is where a Lot of investors get chopped up and lose The profits that they had once made in Some of these small pumps that we've Seen over the last six months where Nearly 600 days into the move from the All-time higher the downside and the Sideways period so you've come a long Way if you're still here in the market So this video is going to prepare you For what is happening right now in the Market how to avoid this bloodbath and What you can do in the future to best Prepare yourself for those Mega 10 50 100 X Games that everyone bangs on about When it comes to the altcoin season so Let's hit that like And subscribe to the Channel if you had already subscribed to Our free Krypton economic report that is In your email inbox right now went out Last night if you want to get that free Report with the next one make sure you Use the link in the top of the video Description so let's dive into what's Happening in the markets right now where The money is Flowing to and from and What we can look out for so first up is The BTC chart there's not a weekly chart Here we have some major signals coming Up for the crypto Market but for now we Need to understand and assess the
Strength of Bitcoin and the strength or Weakness of the cryptocurrency market so I've got some key dates here we've got The August top the Feb top the April top Then you've got the key lows November March and May and you can see the Pattern of how significant the move to The upside was for Bitcoin and those key Areas that Bitcoin has broken out of and Seems to be retesting now of course We're not trying to anticipate whether This is going to collapse or it's going To hold up we've done that in previous Videos what we want to do now is figure Out what is happening in the Cryptocurrency market and if it is Strong or weak is it the time to be Getting in or should we be cycling out Of cryptos so looking at these Particular key areas in the market those Key turning points now we can turn our Attention to the old coin market so this This is the total cryptocurrency market Cap excluding Bitcoin in E so basically Everything else out there and you can See those dates show a very different Picture you can see you've got a very Strong downtrend Bitcoin you've got an Uptrend And in the cryptocurrencies you have a Pretty strong downtrend so that's the First thing to pay attention to the next Thing to pay attention to within the Downtrend itself is how is this Market
Holding up and what key areas are coming Up next to be broken down if it doesn't Hold up so this is the current week Right now and you can see that the old Coin Market has broken through its Melo's very convincingly for now And it's getting very close to that March low whereas for BTC that much low Is a long way off if we use our measure We can see that the low is still about 30 percent away from the the low to the Low but if we use the low to the current Closing price we're at nearly 35 away so It's a very different story in the old Coin Market where we look at the low to The low it's 1.4 percent into the Current close price it's only 2.3 Percent so it's likely that this low is Going to get taken out which would then Mean further downside for the altcoin Market and potentially even taking out Its December low which you'd happen to Do after it took out the November low Whereas for Bitcoin Bitcoin put in a Higher low which is why it's a stronger Crypto this is just based on the data From the chart reading reading the TA as Per what investors are doing in the Market So if we got that in mind and this low Breaks and consolidates below that low Then we're in for more downside Potentially taking out these lower Levels which means overall cryptos are
In a much weaker position than Bitcoin Not my opinion just what the chart is Saying it's in a very weak position Compared to BTC in addition to the Traditional ta we've got the moving Averages the moving averages are moving Over and falling into a potential death Cross basically the faster moving Average dropping under the slower moving Average we've got the 50-day going Underneath the 200-day and it looks like That's about to occur in the next few Days if we continue at this pace to the Downside taking out those lows Potentially getting to that March area So it's not looking good for the altcoin Market remember we're just focusing here On the altcoins excluding Bitcoin and Eth I won't continue to repeat that just Pay attention to what we're looking at Here so looking like we've got further Downside this can play out over weeks to Potentially months as well we've got a Lot to get through in terms of the Overall structure here but we've got That to contend with this death cross Potentially coming up we had the Golden Cross where the faster moving average Goes over the slower moving average now We're coming back into a death cross but Overall this isn't the worst thing that Can happen at this point in time because Essentially it's going through this Period here like we saw in 2019 and 2020
We had a golden cross then we had the Death cross and then we had a golden Cross a death cross and another Golden Cross but you can see it was all Contained within a particular trading Range so potentially that's what we have Coming up here the main thing is that Some cryptos aren't going to survive and Will continue falling whereas Others May Just hold up getting ready for that next Move whenever that next altcoin season Comes whenever that altcoin season comes We'll be ready we can measure these time Frames so we can go from the current low To the breakout points which are around This area here you can see the market Starting to Trend up and then started to Break the highs you've got the first High broken through here at 540 days and Then the next highest so there's a high Here and higher here the market breaking Through that area about 600 days later So If in fact This is our low here in December then if We want to measure out about 600 days That gives us a time Target of about October bring it back a little bit we're In about August so it's basically Summertime of 2024 take it back 500 Days About May so basically that spring into Summer of next year so we've got a bit Of a time Target here where we could see Some downside so if we've got that in
Mind it allows us to set up our patients In the market and not get too carried Away with trying to buy up every single Dip when it comes to all coins the other Piece to the puzzle we've been looking At is the Wyckoff schematic now the Wyckoff schematic is very different on The Bitcoin chart we've seen Bitcoin Basically break through getting into Phase D holding up at these levels just Waiting for the last point to supply to Play out basically the last amount of Supply in the market before it can start To shoot higher that could be months Away but in in the The Case of the total Cryptocurrency Market excluding Bitcoin And eth you're all coins your coins Your scams whatever you can see this is In a very different phase of the Wyckoff Accumulations because automatic it looks Like we're still trekking our way Through phase B we're seeing the a the Selling climax the little pump up then We've moved into phase B we've got the Secondary test the move and maybe it Could even be a further downside move Here where C comes in later in 2023 Which basically lines up with what's Happening at the moment with this Downtrend with what's happening with the Moving averages crossing over backwards And forwards with also what's happening With the time frames that we've been Looking at when it comes to the overall
Accumulation period within a trading Range like we saw probably 500 or so Days 550 up to about 600 days so overall This looks like the phase B of the Wyckoff schematic and we're still trying To find our way into phase C with the Springtime the test potentially moving Over here we don't have confirmation of That yet which is why I leave it here at December but one once we do get a Breakdown it's probably likely that We'll have to move this ShakeOut test to The site not there yet let's continue to Watch that nonetheless we are still a Couple of phases behind where Bitcoin is Currently at meaning for a long-term Position it's probably not wise to be Getting into the market until we've Confirmed a phase C and to confirm a Phase C we need to get a breakout to the Upside breaking some of the top side of Those trading ranges so yes we're not Going to get the exact bottom but we Want to make sure that we are getting Into a market that is trending up into a Bull market not just continuing to test The upper side supply of the market Which then continues to dump down on the Market causing further lows these are Trading ranges probably not Buy and Hold Ranges for months to years until that Next altcoin season pops up so I've Looked at where this Market currently is At what we're looking out for in the
Future now we can have a look for the Cryptos which are in a stronger or Weaker position than BTC and I've done a Quick post here on Twitter so if you Want to follow links are right here in The video description use those links Don't get scanned out there by other Accounts impersonating my account I only Have one of those accounts so use that If you want to be sure of the account That's following so several a simple Seven step guide to surviving an altcoin Bloodbath this right here is the Bitcoin Benchmark you can see Bitcoin over the Last seven days has been down 3.2 Percent so anything that is less than 3.2 percent uh when we're looking at it Against a USD value means it's been Holding up relatively well against Bitcoin now there's a few questionable Cryptos in here which over the long term Probably won't hold up but we do have a Few that may hold up pretty well against BTC maybe even xrp based on a few other Fundamentals that have been going on Over the last couple of years it didn't See that massive pump like everything Else during 2021 maybe it'll get its Time in 2020 24 so it is looking not too Bad compared to a lot of these others But everything else has been absolutely Destroyed against BTC and also against USD while Bitcoin has only been down a Few percent so the rest of this goes on
To have a look at crypto is basically a Tool to earn more BTC points three and Four some cryptos will have short-term Strength against against Bitcoin but Very few will manage to maintain those Gains so be aware of that if any of These altcoins are in your portfolio if You're a beloved altcoin continues to Die like basically most of them will Then it might be a good idea to rotate Out of those to Big Bitcoin or Eve and Wait on the sidelines until we get that Mega altcoin season which we've looked At here for many reasons why and how This could possibly be happening over The next 500 or so days now if you want An easy way to figure out which all Coins are holding up against Bitcoin Check out something like coing gecko use The top here and change it from US Dollar or whatever currency you're in to To BTC then you can go down and have a Look at what Bitcoin has done and Compare those cryptocurrencies these Ones here well at least the three Percenters are basically stable coins so You can wipe those out straight away you Can see eth is actually up one percent Against Bitcoin over the week and like We saw earlier something like xrp is Also up the rest of these are getting Destroyed against Bitcoin value and Because Bitcoin is going down they're Also getting destroyed against USD value
And like we saw like I've just mentioned It isn't a mega downtrend so it's Something not to play with if you want To be holding up for some Mega gains Later on because at the moment Everything is in a long-term downtrend Short-term pumps long-term downtrend What does that long-term downtrend look Like look no further than Solana Solana BTC we've covered this looking at the Wall Street cheat sheet looking at the Complacency at the top the denial the Anxiety the next dump and the continued Dumps ahead so to me this really looks Like we're in this stage of anger into Depression very different to what's Going on with Bitcoin Bitcoin looks like It's in the disbelief cryptos look like They're still going through this stage Here just take a look at that on the Chart where you can see the market drop You get into some capitulation anxiety Happens again and then potentially more Anger you've got another bounce Have a look at that there and then it Just continues to bleed out we're Looking for a breakdown of these Significant lows here in April and then Again significant lows here in December Note what chart we're on here we're Looking at Solana versus BTC and these Are going to be the key charts to look At in order to Hold Your Position in Order to hold your funds that you've
Been investing into the market this is Basically where the long-term gains are Made or lost so these cryptos might be Looking pretty good on the USD chart but If you flick it over to a Bitcoin pairing chart you can see just How bad the move to the downside is There really isn't much hope in that Move you can see most of these swings Continue to remain with the trend with The odd breakout to the upside the trend Remains there is not a bit of break in This entire move to the downside a small Little break here within a tight range But overall the trend is very heavily Down if this continues to break down That means money is fleeing the altcoin And going back into Bitcoin it's Basically like trying to compare Bitcoin To the US dollar if you see Bitcoin Going up that means the US dollar is Weakening if you see the chart of the Altcoin against Bitcoin going up that Means it's getting stronger against Bitcoin whereas right now it's getting Weaker against Bitcoin And the job is very very simple as an Investor stay in Bitcoin until the cycle Turns around now with all that in mind You can really start to see how bad many Of these cryptocurrencies are doing they Really haven't gone anywhere for the Longer term investor buying back in Middle of 2021 it's gone nowhere in fact
It's actually gone down buying at the End of 2022 at the bottom of the market You're now losing money against BTC so This is Matic here same sort of deal Here basically a lot of complacency Bounces for the Trader very very Different story lots of money to be made To the upside to the downside to the Upside to the downside but for that Person who just wants to buy on spot and Hold and wait for the next altcoin Season which typically comes around once Every four years then there is a lot of Pain involved and pretty much probably No gains to be had especially with older Cryptos from 2021 this continues to Break down and make new lows lows that It hasn't seen since July of 2022 going Back nearly one year and it looks like It's going to continue the trend to the Downside so pay very close attention to These old coins cadano another one of Those breaking to Fresh lows of late and Potentially even going to break down of The March low a very kilo in the markets So that breaks you're looking further Back to other significant low areas this Is all part of that Wall Street cheat Sheet where it has to go through a Crushing a bleeding out of the money Before we can start to get a turnaround However Don't believe that all of these old Coins are going to get that turnaround
And push back to New all-time highs it May not happen for a lot of them like We've seen in previous altcoin Cycles so That may have been a bit of a dark Depressing video but at the end of the Day this is your money it depends on What you want to do with your money in The market if you want to disregard Everything in the video by all means but This is essentially what the markets are Telling us they are showing us that There are significant downtrends across Cryptocurrencies Everywhere almost 99.9 of them have Lowered highs lower lows forming and They continue to fall past key Significant low levels the total three Market cap is an easy one to follow to Give us an a broad idea about what's Going on over all of cryptocurrencies so I would pay particular attention to this Watch some of these death crosses and Golden crosses coming up keep an eye on Those time frames like we do here on the Channel because this basically isn't Going to be over anytime soon just based Based on the data from the charts and What we've seen in the past and of Course I'll be here again on the channel Tomorrow to follow up with more of the Crypto Bitcoin and stock market news out There make sure you have subscribed hit That like button if you found some value From it and of course our free crypto
And economic report is going out to you Again in the next couple of weeks Hopefully you enjoyed that report and I'll see you back here at the next one Until then have more fun to get more Done