Bitcoin [BTC]: "Fear Rising is a BULLISH Crypto Signal!"
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- Опубліковано 3 лип 2024
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⏰ Timestamps
00:00 Fear Rising
00:45 Bitcoin 1-Hour
02:06 BTC 4-Hour
03:52 Daily Analysis
05:06 Macro Overview
06:03 Elliott Wave
08:00 Video Recap
#cryptotrading #bitcoin #crypto
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Micheal, no-one is fearful about bitcoin correcting 5%. The issue is altcoins corrected 30% when bitcoin corrected 5%. That's why everyone is scared 😅
Your first bull market eh?
@@jasonsolano8337was it happend before bull market?
If you noticed yesterday evening, alts already dropped double digits and then bitcoin dropped from 65 to 63 something and alts didnt go much lower, it seems the weak hands were flushed and you immeditialy saw BTC dominance dropping, that is also a good sign showing strength is coming to the alts
@@jasonsolano8337 No, it's not!! but everyone keeps wondering why people are worried about bitcoin dropping 11%. I was just stating the obvious. they're worried cause their alt is down 60-70% and many use leverage as well. it's pretty straight forward
This is the first cycle in which leveraged BTC futures are playing a major role, so some people quite legitimately are very fearful about 5% corrections that could liquidate their positions, depending on the size of of their margins and the multiple of their leverage, potentially causing catastrophic losses from quite small movements in BTC prices.
Now people won’t buy even stronger alts giving you another chance to buy lows but they will buy when everything is up. Blows me away how we think.
This market may take few months but i thought investing was all about long term
Thank you Michael 👍
cheers Mick, short crisp to the point
Absolutely agree
Thanks Mike
Nice work Michael
Appreciate you Michael
Thanks for your videos!
Thanks Mick 😊
pleasure as always mate!
Everyone is loosing their shirts because most people are in alts, not bitcoin. Like I made mention of several videos ago, alts are, and are going to get chewed up until they find their new bottoms. People just have to figure out whether they are going to ride that out, sell, or buy more. I am waiting for a couple of mine to bottom, and sold out of most my alts last week that I was in profit in. I had seen this before and didnt want to ride the wave down while Bitcoin chops around. Its going to get bloody for alts, as you have seen this many times before. Appreciate the outlook, as always Michael.
Hey Steev I sold my alts to and am glad I did as they sank another 20% the day after selling. My question is to you, how can we tell when alts are actually bottoming?
@@christianjouret33after btc drops below 14k
Alts are at support in their ratio to BTC
@@christianjouret33 When they rise again they have bottomed.
Thanks moit
Michael what wallet do you recommend for cold storage?
Great content as always. ty
Great job Michael.. Appreciate the no bull approach mate
My pleasure mate.
Not sure where the "fear sentiment" in the market is being assumed in this video. For those like me who are much more heavily invested in btc, the pullback has been very low so far. Hence, no fear.
thanks :)
Hey Michael, you said the current correction we are seeing is a correction withing Wave 4, did you mean within wave 5? Your EW chart seems to indicate we have started Wave 5 and this is the sub wave 2 correction...
What about pepe, bonk, jupiter, wormhole. What about this alts????
Can you tell me more about the project and its utility?
Legend - Lovin' it Mike! Cheers so much. Following the Pizzino boyz avidly for around a year now 🙏😎
Nice to have you on board!
Continued accumulation phase? Looking forward to 3rd or 4th Q for sure
10k would really shake things up!!😆
Bitcoin doesn’t decide where it wants to go. BTC doesn’t have a mind. Investors decide. So, talk about who is going to change the trend. It’s not going to be retail.
The smart money is too smart to buy at this point with the mkts being toppy
It's a bloodbath! lol. You and JP are very thorough in your work. Watching JP for a 2nd cycle and you this one as well. This time more closely. Been more into the charts this cycle so your more detailed approach is making alot of sense.
glad to hear :)
Dip is a Gift
Time is short, the music won’t last 😊.
People don't fear lower Btc. They are gutted they saw their alts capitulate.
1D chart... 100 EMA 😅😅
A few months back, I ignored a similar project, and it did a 30x within a month after its launch.
Similar to?
Loving this comment section. All the panick means we are almost ready to start the next leg up.
I think we triple topped. Meaning the new bull mkt never even started. All this is just continuation of the bear mkt that will continue until we bottom below 14k
😂
😂
I am missing one big subject: the alt coins that have capitulated. Look at the bubbles on the monthly timeframe, some brutally dipped 40 to 60%.
We broke marketstructure on the total 3 marketcap.
BTC Isnt the problem right now, if it drops towards 61k but stays above the 200 its all good. Alt coins will drop 20-30% more🫡 blood in the streets. Sadly zero info about it in this video, maybe tomorrow🫣
sir I hope make in TIA crypto as payment sys
Thank you man!
You are a gold nugget in a river full of XRP
Same for your brother.
😆🙏
🚀🚀
Dive into the future $SI ,SI is not just another token- it's a movement .The meme token making waves with a legitimate team .Buy low, sell high , and see your investment thrive
#sealwifhat #solana
TOPG
How do i find the 50% tool on TV?
"Fib Retracement"
@@MichaelPizzino Legend. i knew it would simple 🤣
It will dropped down 45 k soon
At that level the bottom will open up wide.
Just witnessed a jaw-dropping surge with $SI #sealwithat! Brace yourselves, folks, the market's about to sizzle in the coming weeks. Every dip is a golden opportunity. #Solana 🚀"
Astounding day for $SI #sealwithat! Anticipate a red-hot market resurgence in the weeks ahead. Keep your eyes peeled-every price tweak could be your gateway. #Solana 🔥
97% of traders lose money in time of 12 months, just dca as much as possible and wait 1 yr and sell in cuts of 20%
Doubt anyone care about BTC, not me anyway. If not alts i would have zero reson to be in crrypto.
Then your only reason to be in crypto is to lose your shirt?
@@animalsarebeautifulpeople3094 my shirt? 🤣. Don't worry about me I'm not losing anything here and that's another reason I'm in crypto... At least for few more months anyway. Cash is the king alts are the gain. BTC is poor man dream
Nobody cares
🎉❤
Wot is wrong with people Michael? HODL and be patient… BTC was $17K not that long ago! 🤦♂️
I know right!
Bitcoin makes less and less gains with every new cycle. It's in exponential decay... bitcoin peaked at 73,800. It isn't going much higher
Thanks Michael, lots of complaining about Alts in the comments, low must be close ..😂😂
haha, yeah it's wild, hey!
Nah man its done. Supports have turned resistence. On daily and weekly. Be more blunt with the public and be better than most tubers.
my ass hurts
repeat after me.... "we are in a bull market"
It’s a bull market mate check out the monthly chart, btc is still holding strong. We are not seeing a lower lows, alt coins will only start going up when interest rates decreases. 😊
It's not a bull market anymore
Not a bull market people, look at the weekly BTC chart. Does that look like a bearish chart? We have a 3 year cup and handle.
SELL NOW, It STILL GOING TO CRASH HARDER! BTC 20K! WARNING!!
😆
Could be one last dead carnist bounce.
😂
A college education for free on UA-cam. Brought by Michael Pizzino
🙏🙏
Incredible gains with $SI #sealwithat today! Get ready for the market to ignite once more. Any price fluctuation spells opportunity knocking. #Solana 💥"
First
welcome welcome!
Nth
more nothingness
100000 now bitcoin or 120000
Remember the _Raccoon Line_ from a month ago or however long ago that was?🦝
We had a battle at the _Raccoon Line_ today (it's still there at 64.58K) - pierced it briefly then the raccoons pushed price back above the line! 🦝
The _Raccoon Sappers_ have held out so far. But for how long? And at what cost?