Bitcoin On The Cusp of a Deeper Retrace Before the Halving?
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- čas přidán 11. 04. 2024
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We talk about Bitcoin's chances of crashing deeper and how I'm approaching this situation.
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To make your analysis more viewer friend, you really need to read those price points off the chart that you refer in your analysis. From a viewer's point of view, it sometimes become difficult to follow which price you are referring to.
And the pastel chart is ugly as hell.
Nice thanks for a great analysis.
The timing 💀
I would assume it could range for awhile if it wants to reaccumulation can take time... 🤷🤷🤷
CZcamsrs make videos in advance and if a scenario plays out, they will schedule it to release then
@@chubs391 fell for it
Awesome analysis! Thank you! What are your favorite alt coins to buy during this re accumulation period?
What about altcoins?
Literally everything is falling this second
Black Swan let's see if we fall lower on monday when the traditional market opens also looking at the ETF's...
So good !
Always appreciate you Rekt🙏👊Have a great week
🍿🍿🍿
The only certainty is that we will have corrections.
I'm sticking with the DCA, but for how long?
Thank you for your great analysis!
Is it investor sentiment that drives the reaccumulation period post/pre halving? I’d just like to hear an analysis of why this period takes place. Is it driven by a combined uncoordinated effort to drive the price down before the parabolic phase? Or is it more so that people are skiddish, and (generally speaking) unaware of historical trends. Perhaps something else?
I think it could be a psychological thing, because it happened before people sell because they think they know it Dips, and tbf they're not wrong. So kind of a self forfilling prophecy. And each cycle that it happens just cements it even more.
Buy the rumor (halving is coming), sell the news (halving happened)
Spot on dude
Just a thought, but as more people get used to the bitcoin cycle, the post re-accumulation phase could get shorter as people preempt the post halving parabolic move starting
I love red days average in a little more capital!
The current price action is not necessarily going to follow the previous pre-halving action. The biggest wild card in our current cycle is the ETF's. That is totally changing the BTC situation. More and more big money and institutional investors are taking note and our current dip today is an absolute gift! Jump on it and then HODL for the next 15-18 months once the bull run finishes it's cycle.
lol....hold for 8 months. it will be a short cycle
5thscape's gonna crush it in 2024! 💥💰
We had few more halving , not sure why analizying only last one...if you need where you can find graph just ask
Can you please mention in next video how high you think bitcoin will go in this bullrun .Steve from crypto crewsays only 79,000 due to the 5.3 theory. Please cover this because people watch both you and him
Everybody says this cycle is different because we had a new ATH before the halving and that's because of the ETFs... Was thinking: what if this is just a normal 4 year cycle (not a left translated nor a faster one) but this time we had a new ATH before the halving event just because in 2021 the cycle did not play out like the previous 2, i.e. price action did not reach the full FIB retracement hence it has been easier to reach the old ATH just because it was lower than usual... What are your thoughts?
40% my miners stocks would go to zero. I'm bleeding here. Just melt up already
just because sth happened a few time doesn’t make it a certainty that that is what happens now - a proven fact the NSA owns the hash rate patent of bitcoin - so if the diciders decide so - BTC and everything else with it goes to zero - TA means nth.
Taking Block Sailor Token's prospective expansion into account. Preserving safety is paramount.
would someone be able to tell me what would dogecoin retrace to during the halving?
Crystal balls doesn't exist
wow its a brutal drawdown but thanks for your calm explanation of pre halving dip. should have taken profits to buy the dip, but didn't, so just riding the rodeo out with heart beating
I’ve been there man. Rest easy, it’s temporary. Zoom out and keep perspective over the macro view. But also, don’t forget take profits and don’t ride it down in the bear market nex year!
Brace yourself for Block Sailor's explosive ascent to prominence!
"Crashing"
When will atlseason start?
Already did
September
Why not July?
Strange we had covid for the pre-halving retrace now Iran news. Just remember, anyone that bought that covid dip...........
With the halving only days away, why would anyone sell???
to lower the price so you can buy more
use your brain
They sell because they need the money
Tax season is usually a selling season
@@v3rsistance dude it's a ponzi scheme, they sell because they took profit from the newcomers.
Same question
What do you think about: “The crypto market faces the U.S. tax season liquidity test around the time the Bitcoin blockchain implements the fourth mining-reward halving on April 20.”?
Speak to you soon rekt. Speak to you soon...
Who is doing all the selling ???
People
smart people who are rich
day traders getting stop losses , people taking profit from long trades , some whales probably taking slight profits to re buy @60k
Tax peeps in US
Starting to look like that accelerated cycle theory may be dying down and we’re right on track for 2025 which I’d much rather prefer….
Just bought more!! Love crashes
What about world war 3? how it will affect crypto prices? will everything go down?
World war 3 😮... when?
will there be one?
Im ready for 300k plus
4월달에 알트코인장 온다면서요😢
Its so over right now
I wrote a comment a couple of weeks ago. We are about to go to 56 than 52 at least. There are 3 billions long that will be liquidated below the 50’. The chance is very high
How you doing capo? 😂
@@david76saul time will show...
Running out of time
BTC will never go down 40% may be 20 to 30% max but alts will be split in half a good old 50% will
Be painful
Still the CME gap at 64K to fill
Can we see btc dropping to 53k-59k range?
There is a CME gap at 6k also
Serious question: if only 2% of the population will ever own Bitcoin, then how can it ever become global currency?
FIRST,.THERE IS NOT SOMETHING AS "GLOBAL" BUT ONLY "PLANE"-t
How much of the population owns gold? I don't ever see Bitcoin becoming a "currency." I see it replacing gold (and or becoming a new form of it alongside traditional gold)
Bitcoin will never be a global currency due to its very very very slow transaction speed (even Ethereum is faster but still the slowest of all other transaction methods), bitcoin could not serve the transaction volume of a small country let alone a global currency.
Depends on that 2% who owns it
Becouse they planing to exterminate 98% of population, simple,...
Block Sailor's self-governance model is intriguing; worth investigating.
Smog Token is the wild card that I can't quit, gonna buy more just for the memes 🚀😂
Think of it like a business. Cost to mine btc will be 60k soon. And supply new issuance will half. Miners will bit mine if cost is too high, meaning not worth it. Funds and people will still buy up because it will become more rare than ever very soon. This is a sale and best peice to buy up is closer to 60k
it may be unwise for people to ignore the 2016 wick that dipped to -40% because it fell and stopped at solid support. it appears purposeful, not a random outlier event.
Honestly, you have the best analysis in the CZcams world.
Ive been in cryptocurrency and the CZcams world since 2017.
Ive seen it all, ive been through too many YTbr channels to count, i sincerely appreciate your calm, cool and sound charting explanations.
I've grown in analysis over th3 years too, i consider myself advanced but nowhere near your abilities - i love how you channel, you're a natural.
Keep it up❤
Blessings,
Thank you very much for the warm words
@@RektCapital ❤️
As the dollar dies... Bounce off 42k, then rocket ship to 110k, then correction to 90k, then rise to peak at 170k in 2025.
Btc will never see 42k again
All OK but why alts are crashing much Harder then bitcoin...never seen that before , maybe btc price has been pushed up by etfs but poor alts have no etf
NOPE,...TOTALLY WRONG,..
it’s down rn @67k from 72
@@LostBlockBaby what 6%? It is not worth mentioned,..40-50% is real correction but it will NOT happen
I've had the feeling BTC would be going to 48k as well. Clearing out all my Alts going into BTC and AMSH24T only, maybe a little BNB.
He bought?.... dump et.
Get ready folks, we're going down to 42,000 USD.Then all on board.
35K !
🤣🤣🤣❌❌❌ keep on dreaming
Lol that wont happen. 55 tops, then explode up again
Im fully into AMSH24T and ADA, simply huge potential.
Yes please. I would love a video that does a deep dive on the AMSH24T project
Been stacking a lot of AMSH24T and cash after DCAing a bit this year. Will buy more at least around the November December lows and below
Retracement in June June june.
I’m up 94% on my AMSH24T. Wish I’d snagged more. How & when do you ADD to your WINNERS?
Dude it barely went down stop your whining
First!
Clown show
then why u watching
Bitcoin to $30000 soon
Would love to see it there to buy more.
Dream on 🤣❌
$67000 bitcoin now this is No bearmarket
the AMSH24T is the game changer