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Saturday was an absolutely bloody Gruesome day for the altcoin market many All coins crashing to new lows this is Putting a lot of crypto traders in Uncomfortable positions but Bitcoin Continues to remain at stable pricing Holding above key support levels so my Maxi whatever maybe I am but the main Thing here is that we want to protect Our portfolios and reinvest at certain Times in the market today's video I want To look at Key re-accumulation zones for BTC as it looks like we're coming Towards the end of yet another fear Cycle in the market and of course we Still have some of the major markets to Get through as well as these continue to Rise and rise and rise on the back of Much bad economic data and fear out in The market like the s p and the NASDAQ Coming very close to New Key resistance Levels for the week so make sure you hit Up that like And subscribe button let me Know in the comment section where you Are sharing the content there is plenty Of fear out there but the markets like They have done for many months now have Been heading higher and higher and Higher if you want to stay up to date With the markets Bitcoin stock markets And real estate top of the video Description is our free crypto and Economic report comes out once every two Weeks and if you want to get involved
With our free trading workshops trading Cryptocurrencies like many of our Members are here crushing it 200 193 220 Then again Link in the top of the video Description for our free crypto trading Workshops all right enough of me Shilling there let's get on with the Market update now I've got my daily Bullish market update yes some bullish Bias bullish but the markets are bullish The markets have been going up I can't Deny those facts that are coming through From the market the S P 500 is up 25 and A half percent it was only a few days Ago where the old bull market was Confirmed as it was up 20 from a closing Price back in October to the closing Price after it hit 20 from that low that Is technically a new bull market the Same thing happens on the way down which Confirms a bear Market when that market Goes down 20 from the high to a closing Price It's a bear market now we've flipped That so this is technically speaking now A bull market and many of the masses are Catching on to this as we start to Approach new resistance levels and That's why I have here on the chart and What I'm dedicating this first part of The video to because this gets us Towards what's happening with Bitcoin in Our re-accumulation zones and what to Look out for especially when it comes to
The media especially when it comes to The emotions in the market the Bears Will attack when we hit those key Resistance levels we have blown through This level here I had this on the chart This was one of the rejection levels Just like it was back here at the 50 Level and this was the August top so This was a a key monthly swing top that Was it there so once this Market breaks Through that level and holds above it so We've got several more days to get there Until we get to the month closed we're Only about halfway through now that just Adds more and more strength to the Overall bull market we've covered many Of the macro reasons why that has Happened that we've used before to Identify macro Cycles but of course There's going to be some corrections and That's what we want to prepare for like We can see it on the S P the same Feelings and emotions and narratives Come up for Bitcoin as well so we can Prepare for that and get into those Reaccumulation positions I'm talking Bitcoin here not the altcoins not the Cryptos because they are in a very Different position to what Bitcoin is in Just looking at the facts on the charts Not bringing my own bullish bias into it Just yet that'll come just the facts on The charts for now so the Bears will Attack at these upper levels we're
Getting closer to them now probably Around that 4 500 Point level and we can Bring it all the way up to about 4 600 Whereas where these tops are so Somewhere I'd say in this Zone would be Likely for a rejection we could get it Sooner but just technically at looking At this chart here with the previous Resistance levels That could be a good area for the market To come back correct Bears start to Attack you know I can move this further Down doesn't really matter it's within This Zone here that you'll see those Narratives pick up One particular narrative at least for us Chartists here is looking at the Volatility index because the greed has Risen so high on the s p on the stock Market and so we're starting to see the Volatility rise from these previous Fresh lows this is what we want to see Going down we want to see the volatility Drop for a bull market and then within Bull markets it's natural if we get Corrections Corrections Corrections even Small Corrections like we had through April May and June on the back of things Like The Narrative of the debt ceiling And Regional Banks collapsing and throw In anything else there there's always Some sort of narrative that the media is Pushing it's going to happen and we get These small Corrections and now look at
The markets done just absolutely explode In the opposite direction So we've seen the highest daily close in 2023 for the s p the s p broke the Monthly swing top another blue sign here NASDAQ highest daily close in 2023 and In over 434 days we've got to go all the way Back to April of 2022 before we saw a Higher daily close it's also hit 15 000 Points For the first time in 14 months so again Going back to April of 2022 it hasn't Been this High since all the way back Here at that double top there's your Double top and then a collapse so it's Getting back towards this double top so Note what I just said there about the Bears attacking at these key resistance Levels are probably inclined to raise This this bar now up to the next Rejection trap or resistance level Whatever you want to call it because Like we said we're seeing that fix also Start to rise which typically forms lows In the market as well so we're starting To get towards some of those now of Course we have the key data coming out From the US as well there's some CPI There's some PPI there's a meeting next Week with the interest rates coming up As well there's always something Happening like that and like we've seen Like we've proven now this just
Continues to go up and up with higher And higher lows so if we get those Pullbacks Look out for any of these kilos if it Doesn't make It back to these kilos then it's just Another higher low forming in the market And it's only a matter of time until we Come back and test or break the Resistance levels yet again so that is What we're seeing in the daily bullish Update that is the market telling us What's going on this is not the bias yet I'll give you my thoughts there Bitcoin Is holding above the 50 level so This takes us across to an update for BTC we're currently trading around 25.9 Basically 26 000. The short term before I get to the Re-accumulation areas is we're looking At zones that the market is trading Between As it continues to filter out the supply And the demand where is the demand Coming where are people buying and where Are people selling that's all that ever Happens in the market it's always just Buy and sell it's really that basic and That simple but that's boring that's way Too boring to talk about the main thing To talk about is the news what's going On in the news oh well do we have the Last thing we had was the SEC suing
Finance and coinbase that was this bar Right here then we had the altcoin Reckoning which was that bar right there It was basically nothing and the price Is still trading within this range will It continue to I don't have that crystal Ball what I do have is my support and Resistance zones and I have my plan on Top of that I manage my emotions in the Market and that is primarily what I'm Talking about here before we get to Those reaccumulation areas because when We're in these small type trading ranges Any sort of move to the downside is Extreme emotion fifth of June if you Remember back to that that was the suing Of finance and coin dice there's always Some user narrative event that's uh put To one of these days that was all of Five percent okay if you want to take it To the extremes of the day it was 6.4 we Take it back to the Saturday 10th 4.3 The whole day that was when the old Coins got wrecked and then it was 2.5 Where it ended up closing now the Market's still hovering within that Candle itself within the body of that Candle Now it can continue to go down from that Point in terms of percentages we're Looking at to the 50 again somewhere Around 2.7 percent maybe to the bottom Of the Zone which I'll talk about in a Second eight or so percent looking
Around 23.9 around that 24K level which we've Covered for many reasons but The point of this is those move to the Downside although how minor they are When we look back on them they feel Extreme in the current environment Because we haven't had much to keep our Adrenaline pumping over the last several Weeks there's not really been that much To talk about and the emotions basically Just all get churned up and they wait And wait and suppressed and get Suppressed and then we get some news Announcement some news event that pumps The market down or dumps the market and Then Market pumps straight back up so This is a typical or characteristic sign Of a market climbing the wall of worry Here's some worry Market climbs again Eventually takes some time but Nonetheless it'll eventually climb out Of it That is basically what happens with Those emotions everyone is just holding On hoping and waiting for something news Event Nothing much has happened so any sort of Move is quite extreme think about it as If you were starving you're starving of Adrenaline in this case so something Happens awesome now we've got something To be worried about something to be Fearful of something we can go back to
With a narrative and try to explain Whatever the hell is going on in this Market you're wrong I'm right etc etc And then all the fights start from that Point that's what happened again on Saturday yet look what the Market's done Nothing so Moving forward from this it's very Possible that we do get another move to The downside just to clear out any more Of those motions and what we want to do Here is just look to where those moves To the downside the actual price could Head to while remaining bullish now we Have the one key area here that's that Low in March 19 500 or so looking at Price nineteen five Six eight So the market could really move down to Any of these prices in here have a quick Move back out we don't want to see it Consolidate under these levels and still Be in a macro bullish structure so that Just means time to buy time to Reaccumulate I want to go through that In a chart in just a sec looking at Key Price levels as well but we've got to Understand what can happen when it comes To the narratives what happens with the Market sentiment because of course we Saw that just on Saturday literally like Three days ago how extreme the feelings Get and we just pause we freeze like a Deer in the headlights just like what
Happened in March when the banks all Collapse or basically a couple of banks Collapse banks that weren't even in the Top five or top seven or eight in the US But the headlines get you I still see That come up it was the biggest banking Collapse in history or the second Largest Sure it was the second largest but the Data just screwed with those people Again because even though it was the Second largest in history The bank itself was nowhere near one of The biggest banks in the world so it was 200 billion 230 billion that collapsed The biggest banks in the world are in The trillions and when you accumulate All those Banks together this one Bank Didn't even mean jack to the entire Market now some people might think I'm Speaking out of turn here but the market Speaks for itself it's unbelievable how Much people get caught up in the news Headlines and the narratives So I emphasize so much on the market Sentiment or your own Trader psychology Because once you can get through that Once you can break through that part you Basically want you you will win the game Now you just need to have some rules in Place to make you act when these things Happen so Overall we're in a macro uptrend we're In a macro uptrend the major areas have
Not broken down the major lows the Monthly lows nothing is broken down so If we break down from this Zone the Market is now looking to test where does That demand come in and we have key Levels looking back at history where This demand could come in so we're Setting up our plan here we're setting Up what could go on so if we get the Move down to the downside providing we Don't break 19 and a half k then these Are all basically reaccumulation zones And we just wait for the market to head Back to the upside of course we don't Want to see the market start to Consolidate under these levels meaning Multiple bars multiple closes and the Market just basically continues to grind On down that's not what we want to see But again at the end of the day when it Comes to trading and investing there are No guarantees there's just how we act When the market gives us those signals And how we protect our profits at the End of the day so that's the the Short-term look moving forward in case This thing does break down we've got our Key levels there now to the slightly More macro look at the market looking at BTC over the longer Hall and these areas That we had covered before in terms of Historical Bitcoin cycle buy zones so I'd looked at this Going back to the the previous two
Cycles 2014 into the 2015 bear market And the 2018 into 2019 bear markets as Well the same narratives continued to Pop up previous two cycles ago Bitcoin Will go to 100 it didn't and it Basically hovered around 200. sure there Were a few spikes down to 160. you can Bet your bottom dollar barely anyone was Buying there but the few who were were Buying up a lot because we see it on the Volume there was a lot of volume there Was a lot of Supply coming into the Market and the demand just held it up Same thing happened At the lows in 2018 2019 and then again At the spike low the pandemic low in 2020. I remember that time there I Bought a little bit in one of my Portfolios not enough as hindsight would Have it but I did buy some in these Zones at these levels underneath this Mark here around five thousand dollars Anyway not to brag on that but I Remember from that point it was very Emotionally difficult to be buying at That time but the main thing that held Up was the lows the market continued to Get higher and higher from that point so Although in hindsight it looks like just Wait the Market's going to break 20 and Then I'll buy it when it hits 20. when That happens or if it happens It's so hard to be buying at those times So it's great to have a plan in Play
Because always there's there's always Going to be someone saying well it's Going to go lower and lower and lower so Last cycle was we're going to go to a Thousand dollars never got there only 3100 was the low and then basically held Up at 3 500 hit its head at 4 200 a few Times and then broke out of that zone Same thing in the current cycle when we Hit 17 and a half all of the calls for 14 and then 12 and then 10 and 8 and 3 000 continue to come up and guess what The lowest it got was 15 and a half for A matter of days and then pushed back to 16 and a half 17 and then basically we Didn't see the teens ever again so those Historical buy zones are essentially the Cycle low to the cycle top and then I've Used the FIB to divide it up basically You could have a correction of 75 to 87.5 percent that's what these two Levels are here because I'm taking the 25 and the 12.5 Five percent of the Zone when we look at It to the downside which would basically Be a correction of 75 to 87 and a half And that would give us that buy Zone Within that cycle we have that quick Spike to that zone again for a matter of Days before the market was out same Thing on the previous cycle uh the same Correction got the buy Zone it happened To stay there for several more months Than what happened last cycle and this
Cycle we barely touched it which shows That Bitcoin is becoming less volatile Than what it has in the past sure There's only three Cycles maybe we do More in the next cycle nonetheless this Is what we have right now and all we're Using this data for is to give us those Buy zones and then reaccumulation zones So with that in mind looking back at the Cycle of 2015 2016 you can see that we Popped out of these white lines that's The the first accumulation Zone and then Into the zone of white and yellow which Is the 38 here so there was good Opportunity plenty of opportunity there But again looking at the market Sentiment what was happening at the time At this stage it's pretty much what's Happening at the moment people saying Well this is going to go back down you Just wait it's going to go under 300 Again I'm going to go under 250 it'll go Under 200 again I wouldn't be buying you Just wait you guys are all going to get Screwed blah blah blah blah same thing Happened again and yes the same bearish Fear will come up with a different Narrative this time around it's Bitcoin's never seen a recession well we Haven't we're not even in a recession For starters and yes the recession keeps Getting pushed out further and further And further But again it's just the narratives even
If it isn't a recession the rest of the Market like I covered at the beginning Of the video is going up and up and up And potentially will come back for a Correction so that's the Zone it's Holding up at those levels there and Then continue to break out to the upside Again it basically blew through this Area and there wasn't really a nice Re-accumulation at a reasonable price Until it came all the way back six Months later and sat in that zone for a Few weeks pushed out covered sat in it Again and then pushed out again so it Wasn't really too much opportunity this Time around we've been sitting in that Zone for much longer so this could Potentially be another reasonable Reaccumulation Zone before we start to Move our way past 28k 29k and then of Course the 31k tops what else have we Seen well we're seeing the support come In at previous Market support levels Around that 25k 25 3 which was the Double top as well so we're just looking For any sort of quick moves below that Level which would probably be reasonable Buying opportunities like we've covered Before this this will feel like the Worst thing to do and you feel like an Idiot because all the Bears will be Telling you it's going to go to 20 or 18 But when we look back in hindsight Probably won't even be spoken about
Anymore even these sort of moves here From say eight and a half down to six And a half that's a huge move but look At it a couple of months later no one's Even talking about this move so even These few percents to the downside no One's going to be talking about this in Several months time so it's basically Trying to get that head out of all of The noise and into a strict plan looking At key levels of support and resistance So that support level was around twenty Five thousand dollars you can see the Low here was 25 0004 and those previous Tops of 25 000 three that double top in August and February we take it back to the previous Cycle you can see that a key support Level of the bear Market ended up Becoming a key support level for the Accumulation Zone and then the market Found some more support on it and then Bounced away from it this little bounce Right here was pretty significant in April of 2020 because it's coming off The back of a huge huge pandemic and if You remember April 2020 was only a month Into the pandemic most people are still Locked down expecting this Market to Absolutely get destroyed and collapse Yet you can look at the uh the tiny Detail here a close above that key Support another close above the key Support and then it breaks out to the
Upside nonetheless the fear was still Extremely high at that time you can see Just looking back that was a key level Of support before it broke down held Underneath it at this Zone then held Above it and then felt above it again Take it back to a previous cycle looking At a key support zone for the bear Market It got rejected it held above it and Then broke out so that's why I'm using At the moment this key level here at Around that 25 and a half thousand Dollars you can see that we've been Rejected so far at these upper levels we Have tested this level here at 25 4 Rejected rejected seems like we're Holding there for now doesn't mean we Can't come back a few percent but if you See this Market start to climb back into That zone after testing that zone that Could be an even stronger area a more Safe area to be re-accumulating some BTC For the next cycle for this next stage Of the bull market cycle so I hope you Found a ton of value from that and if You want to learn how to trade Cryptocurrencies like many of our Members do smashing these percentage Gains here this is just from the recent Video I did as well 200 up here and Several more hundreds of percent links In the top of the video description so I Register now for our free crypto trading
Workshops and our free crypto and Economic report guys thanks again hit That like And subscribe button thanks Again for joining me out here in Bali Indonesia and I'll see you back again at The next video Until then take care and Peace out