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Now it's a very sad day it's a very sad Day for the Bears it's officially a bull Market on the S P 500 now we want to Look at what this means to bitcoin and Crypto because of course this is why Most of us d-gens are here let's take a Look at what is happening in the stock Markets the massive pumps that we've Seen overnight that continue to play out After hours and then cut across to our Beloved Bitcoin and cryptocurrencies as Well on top of that there are some huge Breakdowns on the Dixie on the US dollar Seeing some significant resistance so Let's dive into all of this massive news Headline that is breaking today after You hit that like And subscribe and let Me know if you're sharing the content With a friend just with that little Button right there now top of the video Description is our link to our free Crypto and economic report we've been Covering this for many many months now The masses are catching on and this is Potentially where it starts to get very Ugly once the masses catch on then Things get ugly but for us we have Trey Trading as well you guys are making huge Profits at least the members are making Massive profits there 500 100 300 I'll Let you know how to get in on this later But for now let's crack on with the Video so I just posted this on Twitter Just looking at the huge pump up on the
S P after hours so I'm basically saying What's happened here we've seen a Massive jump from about 42.95 all the way up to 43.39 this takes Out the key levels above the resistance Levels on the Futures chart because of This tiny little red dot here it's taken Out the August top so this thing has Continued to pump and pump and pump even When the Bears are talking about major Breakdowns and of course I'm biased to The bullish side so take that into Account as you assess the information I'm giving you here today but I'm biased Of a very good reason higher highs Higher lows make for an uptrend when You're in an uptrend if you keep trying Trying to short each of these moves it Destroys accounts and that's why ninety Percent of Traders lose in the markets And this is why so many smart analysts Smart individuals continue to get it Wrong and that money just basically Transfers to those who are trading with The trend or basically have a sound plan For making money from the markets so Back to the analysis here we've got this Huge breakthrough at the top so I'm Trying to figure out what was going on There we're seeing big headlines from The Wall Street Journal talk about the S P 500 entering a new bull market as big Tech lifts the index GameStop has Absolutely got destroyed but that
Doesn't really matter to the rest of us Here basically these markets are going Up and they're going up in a big way Futures Market breaking through that top The S P 500 now Officially in a bull market because We're seeing it close at 20 above the Lowest close so basically they measure It from the lowest close after the low So you or before the low in this case Basically the lowest low there and that Was on the 12th of October we had the 13th the 13th of October low which is What we've been talking about as being The cycle low for all of the stock or U.S stock markets there lowing in October and now from that low to the Current closing price brings us out at 20.04 so technically speaking it's in a Bull market because on the way down when You get a 20 drop close to close that's Technically a bear market and so of Course these calls come out much much Later than the lows themselves and we've Had so many signals along the way to let Us know about these lows not going to Appreciate that there are still many Bears out there as well that's going to Be the case it's going to be still more Bears until price breaks through around 46 and then again at the tops once it Decisively breaks through 4 800 and even Then you will still have a lot of bears Calling for the collapse of the market
Because they are trading the economy Rather than the charts themselves that's A huge problem out there with basically Majority of analysts and people online And everything you see on TV they Continue to trade the economy rather Than the chart rather than the data that Is in front of them all right so this is The big news we've had the Wall Street Journal here talking about the bull Market has begun so how did this happen How do we get to this point right now Well Tesla is up 4.5 on the day I've Zoomed in nice and close here on the Daily here Tesla had a huge day up from 20 223 to a high of 235 closing at 234.86 but as you can see here here the Post session so basically once the Market closes and there's some trading Going on after hours you can see the Huge move uh compared to the close this Is where it's currently trading you can See it moving around as I'm filming the Video so in terms of a percentage uh From the closing price of the day just Happened you know a few hours ago if we Could take it all the way up to Approximately there 246.40 that's Another five percent on the move so why Is this affecting the market so much why Is the move on Tesla affecting the Markets well it's one of the biggest Market caps in all of the US Stock Market it just surpassed Berkshire
Either way of course that's Warren Buffett's company and now Tesla is Sitting at number six just behind Nvidia And Amazon Apple uh sorry alphabet Microsoft and Apple so basically in that Top six now and uh you know the Majorities companies are all Tech Apple Microsoft that's tech tech Meta Tech you've got Finance with visa And it's also in the NASDAQ a lot of Tech is pumping the market up and that Has been worrying for many people Because they think the breadth is an Important issue here the breadth meaning There is a few companies pumping these Markets up and the majority thousands And thousands of socks still aren't Moving up now this is something that we Have also covered Because we are seeing a lot of these Thousands of stocks also breaking out of Key resistance levels so this is all Important to help us identify the time Of the cycle we're in because of course Most of us are here talk wanting to know About Bitcoin and cryptos in the cycle In that regard but if we can understand Where the overall Market is at we know That there is a risk appetite out there For investors and eventually they'll Start to flood their money into BTC and Crypto just like has happened in every Other cycle that is the main thing we Need to know about we don't need to know
About the economy as much as we need to Know about what is happening in the Chart and I know that ticks a few people Off and they want to hear more about the Economy we'll talk about it but the main Thing we need to focus on to make money Which is what we're here for is of Course the charts so the Russell 2000 is Basically your coin index of the Stock market smallest caps out there and It has recently just broken out so the Last few days has seen it move up it Doesn't have a huge impact on things Like the s p or the NASDAQ which you Just had open because they are these coins they are the stocks they Are the smallest caps they're not going To move the market and we want to see The good companies move the market Because then we know that there is more Appetite out there for good stocks these Shittiest stocks the crappier stuff That's the stuff you gamble on later on You're hoping to make a 50x 100x Sometimes they work sometimes they don't They go to zero People move on and look for the next Thing that's going to do a 20x 50x100x That's the point of this index we don't Need to see all of the market pumping up Typically when that happens we're Getting towards the end of a cycle like What happens with crypto and Bitcoin When everything is pumping we know that
We should know that by now when it's all Pumping we're loving it we're getting Some profits but most of us start to get A little well the Smart Ones start to Get a little bit worried because that's The end of a cycle that's the end of a Signal we're not there yet we've still Got a long way to go When it comes to the Russell 2000 Reaching a peak and then potentially Surpassing that Peak as we continue on With this multi-year bear Market uh Sorry multi-year bull market and then We'll hit a multi-year bear Market but We're not there yet there's going to be Some major problems after that so the Ugly thing I wanted to mention here is The headlines that we're going through Now that the the the call is out there For the bull market the masses are Getting this in to their news feeds and They're starting to see all the bull Markets on things might be safe again to Invest in and so we pay particular Attention to what's going on in the Macro there so if we can get a close Above these levels on the next break uh The next trading day being you know the Next 24 hours for Friday that could lead Us to a good position to start in for The next week but we're going to have to Feel some sort of resistance and a Pullback a slight pullback a correction In a bull market this is a correction of
Bull market this is a correction in a Bull market this smooth is a correction In a bull market this is a correction in A bull market that is going to come and We're getting closer to these these uh Higher resistance levels up here at About that 4 600 points especially if uh The the Futures Market is now trading at 43.39 we're approximately 4.7 away from those levels coming in at 45 to 4 600 points maybe we get a little Bit of a rejection earlier on but Nonetheless all I'm trying to prepare us For here is that we should see some sort Of small pullback maybe slightly larger Bit like I said these are all pullbacks Within a bull market so beware of that Because this is now starting to catch on To the mainstream media and the masses Are now starting to hear it after we've Been talking about the bull market Beginning back here looking at the uh The Double bottom here looking at two Significant lows I should say 3 600 Points and 3 500 points the higher Bottom and then this huge significant Area that we're banged on about so many Times that banking crisis low that Happened in March that was a key area For the market to bounce from and this Was a key support level because it was a Higher low on extremely bad news this is How bottoms are formed we're seeing it In real time play out in front of our
Very eyes we're also seeing more more Stocks hit new all-time highs in front Of our very eyes so let's keep a look Out for those as we continue on in this I guess first stage this transitional Period of a bear to a bull market this Is the way they form at the bottom so We've been talking about it for months Now on the channel so the same sort of Thing sort of thing we've been talking About is the US dollar and how this Happens in the chart so looking at the Technicals on the chart and how it plays Out in the media so we've seen Ultra Bearish news at the lows the market has Pushed away didn't push away that hard We're still seeing some lower highs form Here coming up to resistance and we just Saw a breakdown on the US dollar Underneath this uh 50 level from that High to the current low in this cycle The one on the 14th of April which Coincidentally was also the top for BTC At that 31 000 level so this potentially Is going to help out Bitcoin and maybe Make some gains if this thing continues To drop we've got lower highs forming on The Daily lower lows also are beginning To form the next key breakdown would be Around 103 or 102.96 that's the key there for this Market to break down to bring in some More strength for BTC we see a drop in The US dollar potentially a little more
Strength coming through for BTC as for Bitcoin and cryptocurrency space this is What we've seen overall and it coincides With the news narrative that we've been Talking about forever but in particular Today as we start to see some bullish Headlines come through for the S P 500 We've looked at it multiple times for The US dollar and other Commodities Especially when natural gas was such a Big thing in 2022 the world had to go Into recession because no one could Afford their gas and people were going To stop paying their bills etc etc that Was the narrative that was being pushed Now remember the economy may not be Doing so well there might be some very Very significant problems for people we Know there actually are Not being able to afford potential food Or energies or cars or fuel or their Rent that's the economy those things are Getting more difficult however we trade The charts we make money from the charts Themselves and so what was happening at Those peaks of the market was the news Headlines all that stuff we hear about The economy US dollar super bullish Everyone get on it wrong it went down Lower highs lower lows really big Fluctuating price ranges that is Distribution Market went down now huge News Ultra bearish for the US dollar Guys it's going to collapse even further
This is it it's over wrong again it goes Up from that point that's why I'm Warning about this at the moment maybe We see a little bit of a pullback for The US dollar but Overall in the long term I think these Things are just getting started just Like this you've got a bearish call the Market does the opposite but it's not a Very strong push to the upside maybe it Goes on but at the moment it's not Looking like a very strong push to the Upside So eventually that may continue As well so going across to crypto and How this all works in the media well November we had FTX collapse all crypto Exchanges become a Target Finance had to Collapse that was a huge thing back in November and December of 2022. Crypto.com had to collapse coupon had to Collapse Bible had to collapse they just Target the next thing pick a narrative Spread it across everything else I'm Mentioning this now because of the Biggest news we have at the moment is Binance and coinbase getting sued then They say all exchanges are going to get Sued I've seen content on Twitter Crypto.com is going to get sued the next One's going to get suited so on and so Forth the way the media works if you Want to know is some crisis happens Target everything else banking collapse Target all banks all banks are going to
Collapse and when you look at the data It has been the least amount of banks Collapse in history that has happened Right now the least number of them and In terms of their size their volume it Doesn't even compare to the top five Banks which basically make up 70 80 Percent of all deposits anyway so it is A storm in a TP up they are all nothing Burgers the thing we focus on is of Course the chart and for now the macro Is still in play to the upside we still Have higher highs higher lows we still Have our significant low in place we are Still seeing the support levels holding For now maybe they don't but for now Everything is still in play for a Transition from a bear to a bull but These things take a significant amount Of time we're probably only in this Stage here so if you see people Comparing it to this stage and we've got To blow off top coming I think that's Way too early we're probably somewhere In this stage here and we've got to go Through this particular stage in the Next several months sometime into 2024. That is the call for BTC for now on the Macro now Dropping down to the weak leave still Have a few more days to go here we're Looking for some higher closes above 26 600. ideally we want to see it above 28 000 but for now probably still got a bit
More churning to do once we start to see That strength come back into BTC with Some higher closes on the four hour on The daily it's going to flow over into The weekly of course and then all of These other positive science things that Are going on in the US the stock market Uh the Dixie potentially also losing Some ground here will probably start to See those effects come out for BTC we're Just waiting for these bearish Narratives to be over and they are these Things here of course we've seen that Happen that's over banking collapse Probably over the suing going on between Binance coinbase and the SEC that'll Eventually be over in the coming weeks As well and this will probably be at Higher prices in those coming weeks Because the narrative would have just Died off from that point while the Market's still deciding which way they Want to go we've got a mac review of the Market overall there's still a lot of Profits to be made in cryptocurrencies Now we looked at this on the channel Yesterday as Bitcoin is holding its Ground while all coins are still coming Crashing down and this was clearly Evident on the total three market cap we Can see the market continuing to fall The good news is at least for Traders is They can still make profits in these Markets and I've talked about it before
In terms of our free trading workshops You can find a link to this at the top Of the video description plenty of our Members making great profits at the Moment trading the markets short trading Them long and setting themselves up for The next bull market cycle when trading Becomes a hell of a lot easier when There is a clear Trend in play trading Is far far easier these are the most Difficult times to be trading and if You're doing really well during these Periods where the trend is just not that Clear then you're probably going to have A pretty good setup for that next stage In the site but when that comes what I Think is probably in the next 12 months Or so so if you want access to that go And click the link in the top of the Video description that's our free Trading workshops got plenty of steps on How to get that it's just that link Right there so in the meantime Bitcoin Remains uh steady it's holding its Ground maybe we still have some further Downside but overall this has been quite A slow grind to the downside with some Support levels coming in we've still got A few support levels further down at 24 So keep a look out for that hit the like And subscribe I'll see you on Twitter Instagram or on tomorrow's video thanks Again guys see you at the next one take Care and peace out