Bitcoin's Next Dump Could Happen Faster Than You Think! Transcript, AI Summary & Key Points

00:00 Hey guys, CPI day, catalyst day. We're at that stage in the month where now we're going to bring volatility to the market. And guys, I'm going to make it quite simple, right? We have an opportunity to turn bullish, but if we do not, there's going to be a fast acceleration down that we need to get ready for opportunities to buy. Right? If I look at this over here, right, we have an attempt.

00:24 Yo, >> I can't hear you at all. You can't hear me. Can you guys hear me? Let me know. Let me know. Let me know. Yo yo yo yo yo. Let's see here. Can you hear me? Can you hear me? Can you hear me? Let me know, fam. Let me know. Can you really not hear me? Just volume low as us. Okay, guys can hear me. Guys can hear me. Okay, like I said. Okay, so if volume's low, I'll talk loud.

01:06 This should be better. I'll even hold this up to my face. Um, it's important, guys. Now, if we don't get speed up here, right, we are still sitting in a very bearish territory, not only of just being bearish, but the speed up, right? To actually start seeing the acceleration come into play. Okay, so we got CPI today, right? The forecast is 0.6%. 6% okay and we're going to see if we're either going to hit it right be slightly above be slight below and go through the major plays but I am going to give benefits of the

01:33 doubts that maybe there is a bullish scenario and if so what are the breakouts and tokens we are paying attention to and at the same time if we fail to break through these levels I'm getting ready for downside. All right. So guys, do me a favor. Smash up the like. Hope you're all doing fantastic. Let's go. >> I get the inside. I'm just like sniper. Show >> fam.

02:02 Guys, at least we're at a point where volatility is coming into the market. That's a good thing, right? We waiting patiently. And trust me, for me, sitting like, guys, I'm bearish. I'm waiting. I'm waiting. I'm waiting. It's tough, right? But we're getting to a point now where some catalysts are coming into the market, right? And the catalysts that if we're going to see fast downside, it's very likely going to come pretty soon.

02:22 We have CPI, we have PPI this week, right? These don't go too good, right? There's a scenario of a drop in the stock market. There's a scenario of a pump in the dollar. There's a drop in gold, right? And these will be catalysts of saying, hey, um, pullback incoming. But not only that, crypto had its first dump that made people start to think that hey, maybe a pullback is coming.

02:44 Right? So when it was rallying up and not pulling back at all, right? There's no thought process of a dump coming at all. Right? But the moment the first little red dump happens like we saw last week, right? It does make people exiting slightly easier than what it was previously. So what I'm trying to say is there might be a catch-up play from crypto to the downside, right?

03:06 I don't think gold's going to go that much lower, right? I do think there's more down, but I don't think that much lower. I don't think stock market is going to go that much lower, right? I do think there's a possible speed up, right? But I think there might be a catch up on crypto. And when the catchup comes in, we're sitting with an oversold market that I'm then getting ready for the next phase of the rally to the upside.

03:24 So, let's fly through a couple of things. Can you guys hear me a little bit more? Again, smash up the likes. Smash it up. Smash it up. Smash it up. Okay. Um, a couple of things. So the first thing I want to go through here this is the data that we're seeing over here. Okay I was checking here on kulshi many are basically saying right that above 0.4 okay 92% above 0.5 70% and people saying above 0.6 is 9%.

03:51 Right? So it's very likely if we just look at the hole right now we're very likely we're probably going to get as predicted right which means for me we might see a short-term little bit of bullishness. Okay. But if we fail to get through a big zone, I'm seeing the downside, right? So, let's go through a couple of things. First thing I want to highlight to you guys that can give us a indication, right, of liquidity.

04:09 The market is chopping again, which means liquidity does matter right now, right? Liquidity is sitting here at 8 84 85,000. Okay, which means that if we have a normal expectation and the market rallies up, okay, and it doesn't explode the way I'm going to explain that I need it to explode and it just hunts 85,000, right? All the liquidity is sitting up here close to the 85,000 just above where we are now.

04:34 Right? That can be just a liquidity grab and a continuation down. We have to realize that the bears are slowly taking control. And the way it works when you see these reversals is they slowly take control and then a little bit later on they start the speed up process. Right? So you'll tend to see the speed up closer to when it's finished. Okay? And that's when you get the volume intake that spikes up.

04:53 Okay? And that's when you get many that get caught off of guard, but actually brings buying power into the market. So clearing this up again, right over here, we still have us losing these 4hour trends right now. We still have the bears controlling this level over here right now. Right anywhere here between this 84 and this 85,500, this is still bare territory that we need to get through.

05:17 Okay, we still have the major trend sitting at the top over here. Okay, we are not doing a pattern where we're seeing this kind of wedge form that's giving us a clear view of a breakout. Right now, it's still in this chop phase where actually the only first leg has just begun, which means that if it fails to get through and actually get outside here and change the trend, it's very likely a secondary leg is coming down.

05:41 Okay. Now, the key components of another leg coming down again is if you highlight the important plan A, which is the 618. Okay. Okay. And I got the scenario that I've spoken about and I'm going to show you guys again here, right? Is we actually do hold, right, the late 79,000. We don't actually go down to the low 70s, right? I want to see this accelerate down, push down here and us break out.

06:03 This will be an indication to say, "Hey, I'm going long. I'm opening some positions, right? I've started buying on limit orders like I've explained to you guys, right? Limit orders on altcoins. But for me to start building some big aggressive positions, right, this is something that that matters comes into play. Okay? But I need to see that shift change of pattern.

06:22 Okay. Because if we do not hold this level, yes. Okay. We do have the early 70,000s to worry about. Okay. Your next major supports are sitting over here at 7475. And then we do have the important 72,000. That again is still a very good retracement to another wave to attempt the $100,000 zone. We do still have the weekly RSI sitting at the top. Right?

06:45 So this ain't me kind of sitting and saying that we are just just bearish. We got to just look at the points that there's more still pointing to the downside, right, versus the upside. Now, what will change my mind, right? What will basically turn into me turning bullish, right, is to sit on my damn hands and allow it to happen first, which sounds ridiculous and it sounds hard, but not when you understand where in the cycle we are, right?

07:07 If this is, you know, if we look at where we are now, we're basically looking at the first major pullback of the first leg of the bull cycle, right? And if this then you know if you look at this you're not just looking at a price action of a small move here. You're actually looking at something like this right which means for me to to know that this is finished because hey the bulls might be in play here and it might be finished.

07:30 We might not be looking at aggressive pullbacks right now. Market just wants to rally rally rally rally rally right that makes sense. We've had a lot of damage. Why not catch everyone off guard? Right? But zooming in again and just showing you this over here, nothing is stopping and it doesn't really affect much at all. Right? Where okay, go bull come back.

07:51 Let's go. Right? Nothing really stops. Okay? But for now, as it stands with these with these resistances ahead, right, I have to think this. I have to think this downside area over here. Now the good news right is if we do have CPI pump the market let's say it comes in better than expectation okay I need to see us rally to the 90 91,000 right good thing with C CPI is even if that's the immediate reaction that happens we do tend to have cool downs after right which will give us the opportunity to say okay we're breaking

08:22 out now and we're going okay now if we fail to get bullish momentum from here okay we are very likely going to see a increase in bearish volume. So why I'm bringing the show to your attention is because this might be the catalyst that actually speeds the market up pretty quickly to the downside on a fail right on a fail attempt. So again, we are not seeing crazy buys happening here, right?

08:48 That volume is tapering down and market is going up. So even if you just look at the last section here, right, of when we started bouncing, right, and you look at this volume, you ain't seeing something match, right? You're basically seeing things doing completely the opposite. Okay, which does mean at a point that if we are going to see bullishness, do it now.

09:07 Go big now. Bring the volume into the market. Show us that there is strength. But if we fail to get this volume in, it's very likely there's a spike coming in the volume and it's very likely going to be a red spike. Okay, that's going to accelerate and move us to the downside. So as it stands now this I am I'm giving a chance to say hey let's turn let's turn bullish CPI do it okay but this is still the play here.

09:32 So, a drop, a bounce, okay, and a drop to the downside, right? This is still the play for now. If we do this guys, join my show tomorrow and we go long, right? Until then, limit orders are sitting flat down over here. Now, the important thing that I did not show yesterday, okay, on why I'm patient for my altcoin buys, right, is the Bitcoin dominance is breaking out, guys.

09:53 Okay, which means that the tides have turned when it comes to the altcoins. You know, altcoins have been rallying and being great and been moving nice and aggressive and strong, right? Those are slowly starting to taper down. Now, the dominance is starting to break out. So, if you start to notice your altcoins, you'll definitely notice that overall, right, they are starting to look a little bit weaker.

10:14 And as we see any little red candles forming on Bitcoin, they're starting to get a little bit more aggressive to the downside, right? Which gets me to the point here when it comes to this dominance here that I don't really see it stopping, okay, until we get to these areas. This is for now, right? This to these areas over here, then I actually see a huge collapse.

10:33 So again, this lines up with the very big leg, you know, closer to the end of the year. Okay? And the faster we get down to these areas here, the quicker I will start turning bullish, right? Um is this play over here. So again, if you start to look at the the the the altcoins here, right? What they tend to do when they do these pullbacks, and I want to see if there's here we go.

10:52 Here's a good example, right? A strong rally up. We move slow and the speed up happens at the bottom. Right? That that's exactly it over here. So the first thing here is you got to pay attention to the losing of trend, right? Losing of momentum that happened before we had the second one is once we lost the trend, we moved up and we tested, right? So if we go back here to the old coins just to show you guys here.

11:15 Okay, it's very important, right? Take the initial trend, move it up. Okay, cool. The first one is the loss of the trend, right? The second one is the retest of the trend. the third one going back over here. Okay, so again there's the loss of the trend, there's the retest of the trend, loss of the trend, retest of the trend, speed up by right by reversal.

11:36 Okay, that's exactly the same play that I'm basically being patient for. Okay, is from here break up trend retest speed up by and start moving up over here. Okay, so again limiters are still set, right? I told you guys positions here, limit order still sitting down in these areas over here, right? I do think this is the time for you to say, "Hey, what are the top 10 altcoins?

12:01 I want to buy this cycle, right? And the limit orders give you an opportunity. If this plays out, a dump happens, you're getting really good entries and you're getting them down at least 50% of the pump that they made recently, right? You're being smart and you're buying on these major pullbacks at strong major levels. At the same time, again, I'm not going all in.

12:20 I'm probably going to leave around 30% of cash that I still have available, right? So, again, if I have $10,000 now, I I'll put seven into the market limit orders and 3K just there as a point of uh hey, maybe work a little bit lower or anything like that. When it comes to the USDT dominance, guys, there is a chance this market turns bullish, okay? But it needs to start doing it pretty soon.

12:38 So, if I look at the USDT dominance, this is what it's doing right now. So, if it's going to turn bullish, it needs to happen soon the market, right? If not, this is moving up over here. Okay, it's going to happen in two steps the way I see it. Push up, push down, push up. Right, so again, back to the Bitcoin chart. Push down, push up, push down. Right, there's the play over there.

13:02 Okay, so again, CPI is now majorly in play over here. Now, I want to get you guys to the opportunities. This ain't a doom show type of thing. Start getting your tools ready. Start putting your altcoins that you want to buy. Set your limits orders on important levels. Right? This is exactly the strategies that I'm doing right now. The next thing is right, there ain't no better deals right now than what you get on Bitfunded.

13:22 And I'm going to show you the links over here. And this is something that I highly, highly, highly believe in. And I think it's a huge opportunity because it was something massive that I needed this year. I pulled out $45,000 on a funded account this year, right? That I paid $1,000 for the package. That was a gamecher, right? And I managed to do that as the market was rising up and I was managed to buy some long-term that then rose up further than that.

13:45 Right? So again, I want to show you guys over here that if you look in the description, right, you will find this bitfunded link here with Sheldon. If you don't have one, right, it's the best way to start any leverage trading or anything that you're doing in the markets. But why I'm bringing this to you now, this is the link and the deal you get, you get on this link right now.

14:04 Right, here we go. Best best best one we've seen in a long time. Three for one special. Right. So you got two steps. What does that mean? Two evaluation steps. Right? If I go in here, I have to pass two levels and I get to then trade with a funded account. So, I pay $79. I pass two levels, right? It gives you the steps in over here. You got to get I think it's 10% and 10% on both accounts without losing a certain percentage.

14:30 Okay? And you then get to trade with $5,000. You keep 80% of the profits, right? These are two steps over here. Okay? The the special we have now is you buy, okay? And you get you buy you get two base and one surprise twostep. accounts. You get three accounts for the price of one. Right? Now, why am I saying this? Because, okay, when the bounce comes in this market, I want to show you guys this.

14:54 There's going to be two ways we're looking for. The first one we're looking for, and I'm just going to give you example. We go to we go to 74,000, right? I'm going to bring the example now. Market comes down to 74,000. It's going to speed up, settle. There's a bounce, there's a drop, there's a bounce. That's how reversals happen, right? You break down and I want to show you guys over here.

15:22 Okay? There's a bounce, there's a higher low, and we start moving. Right? That's how reversals happen. They give us the important higher low signals. Okay? Now, why I'm saying it's important and why me personally and I'm showing you guys over here, right? Have bought. So, I still have a funded account that I passed the one that I pulled the 40 40omek.

15:38 This one's been sitting and waiting for clear trades, right? But I bought three of them now recently, right? And not only that, I'm still getting my specials above this. I'm going to have many accounts over here, but I'm bringing this to your attention now because what I'm looking to do is when this settles down at the important zone, I'm looking to trade the accounts, pass the accounts, and have funded accounts for when this happens.

15:59 Have a so much more size than what I actually got. And I'm going to use the skill to get it. Right? So again, anyone that's looking, there is 48 hours. I think it might be 48 or 24 hours until it expires, right? To get these accounts, and I'm not pushing this for the sake, guys. This for me is using tools right now when the market is is preparing yourself for the next rally up.

16:23 Okay, so you get onestep challenges, onestep express, instant funding. All of them have these specials right now. There we go. Okay, let's jump back in over here. So the next thing that I want to do is I want to just pump through a couple of alts here to give you the ideas of the sizes. Okay, so as it stands right now, okay, I'm still looking at the first target of 5% down on AVAC 10 and the last one is So I'm looking anywhere and I did post it recently anywhere of up to a 15 to a 20% drop is still one of my worst

16:52 cases that I'm kind of thinking of right now and I'm preparing for it to happen. there is a chance that it happens and comes into play. But at the same time, I think basically splitting up your limit orders is the important play. All the tokens that I've spoken about, the chain link, Salanas, the Injectives, the the AVAC, the SUI, they all remain the tokens that I'm just as bullish on as what I was previously.

17:14 Now's the time that we start locking in and focusing on the buys. Right? That is the important thing that we're paying attention to. Smash up the like. Can I see the like? I'm actually going to give away. Who wants a Who wants a funded account? Right? You still got to go past it, but I can give it to you. Who wants it? Who's who's using my link right now?

17:33 Would like a again like up the video, but I'm going to give them away no matter what. Right now, let's give away a couple. So, when I give it to you, you're going to go below in in the description to the email. You're going to send, "Hey, this is me." We're going to clarify that's you. And it'll be sent into your account and pop up into your account in anywhere of 24 to 48 hours.

17:51 Right. I know the guys are pretty quick. Michael, you here? Please share this information with re or just people right you know in the team sh sh sh sh sh sh sh sh sh sh sh sh sh sh sh sh sh sh sh sh share with them so we can uh uh make sure the people get it pretty soon. Okay, here we go. You get one of these twostep accounts over here. There we go.

18:07 Okay, who else wants? Let's go. Let's go. Let's go. Okay, where's this person? Here we go. Rick, if I'm saying it right, you get one. Let's go. 10, you get one. Okay, guys. For now, there's an opportunity for CPI to pump the market. If it does not do it, I leave my limit orders at the bottom. I'm bringing energy every day. Bring your butts to my show tomorrow and we'll see what CPI has brought for us.

18:43 For those again, just to update you one more time over here. Let's just see where it is at. Okay, that's it. Lots of love, guys. Have a great day. I'll see you all tomorrow. Bye-bye.