A crash is likely if CPI comes in better than expected — history shows good results dump the market — but a worse result tends to be bullish, and either way a 20-30% altcoin bounce is expected, making a dump a buying opportunity rather than the end.
Searchable transcript of CPI Is About To Crash Crypto Again! Unless… — Crypto Banter (11:34). Search for a phrase, then click its timestamp to jump straight to that moment in the video.
Captions sourced from the original video on YouTube, published by Crypto Banter. The video, its captions and all related intellectual property remain the property of their respective owners; AINotes claims no ownership. Provided for research, accessibility and search — see the Transcript Notice and Copyright Policy.
00:00 is CPI. Okay guys, I have a very interesting show today to show you guys how CPI throughout this year has been a catalyst. It's been a catalyst for Bitcoin and it's been a major catalyst for the dominance and altcoins. There are some traps starting to boil up, right? We have news events coming out now shortly and this is going to bring volume into the market.
00:20 I think the question is, is this going to dump the market a lot harder? Because the more I look at the data and the stats here, CPI has actually been very good at dumping the markets, right? Or are we actually going to see a dump into a very strong reversal? The one that's going to catch many off of guards. And I'm going to be saying this quite straight that throughout the next couple of days, week or two, at any point we are going to see a big bounce, right?
00:44 The one that's going to really catch people off of guard. Okay? The question is, is that now? And how do we know when it's coming? And how do we get ready for when that's coming? Because like I said yesterday, as this market drops, opportunities are getting bigger and bigger and bigger. And you got to realize something in this journey of making money.
01:02 One streak changes everything. This is the time to now be focused. So if you're in, if your head's locked in, like up. Let's go. >> I try and get the devils, but I'm just like sniper. Welcome to SH. >> Okay, so let's get straight into it. The first thing I want to show you guys is the expectations of today. We're actually expecting a slightly better reading, right, than uh then forecasted, right?
01:35 Or previously, right? So if we look at previously here, 0.3%, we actually forecasting a 0.2%. Right, on the the CPI month, right, we got 0.6% and we got 0.3%. We're actually expecting a slightly better result to come through today, right? And with that being said, the question is now, okay, does that mean we can bounce? Right? Because where we are getting with the market now is a very crunching.
01:56 It's a big moment, right? We do have a ton of support in the early 70,000s, right? And the question is the big 618 is hovering at 69,000. Are we going down there? Right? I think this between CPI and PPI, we're actually going to see a a a decision being made. Now, with that being said, you're sitting with two plays now. We're at this very important 200 day, right?
02:20 Where there is a squeeze gap, okay, to the downside, okay, to 69,000, okay? And you're actually seeing with the bounce zone all the way up to the areas of 80 to 81,000. So, at any point now, we do have now the pressure slightly starting to move on the bears here, okay? Because they don't really crack through this next level, which they still have an opportunity to do right now.
02:41 There is a big bounce loading. And with that being said, we look at the the um the liquidity and you can just see it starting to coil up, starting to boil up nicely to the upside, right? Which means we must know that there is a bounce loading and there is a bounce incoming. The question is these two zones, which one are we going to? Which means I want to get to the very basis point of when it comes to CPI.
03:04 Just paying attention to what this has done throughout for Bitcoin, for altcoins over the last couple of months. And these are the dates that we have seen over here, right? And as you can see, it's actually been a reversal over here. Okay, it's been a continuation move over here, which means that when we tend to pump into CPIs, we tend to actually have to speed things up at times, right?
03:24 So that is over there in plane. You could see it on these two occasions over here in March as well as in April, right? They actually became like turbocharged fuels where we actually continued rallying up after that. Okay, then we got to a point when the RSI was at the top, right? And it's a very important metric to pay attention to that when we actually have a CPI pumping or us pumping into a CPI event when the market's really overbought, okay, it can also play into very strong reversals, right?
03:52 So we got a reversal, we got a continuation, a continuation, a reversal, right? In this play over here, the dumping, right? The dumping into this area and getting to an oversold RSI has actually been nice short-term reversals. Okay. And over here, we saw Bitcoin basically go from 60,000 up to 68,000. A 12% reversal to the upside, right, on this play over here.
04:14 Okay. When it came to this one over here, it was just a continuation move. A dump into this one gave us a reversal, right? A dump into this one gave us a reversal, right? And a dump into this one gave us a reversal. And after that, we basically start to make our way down. Okay? So, as you could see, we are now sitting at a play where we are actually kind of similar to this boat over here, right?
04:37 which is something to pay attention to, right? Where we sat for this area of up to 33 days of the market actually coming down. And if you pay attention to where we are now, we're anywhere between 34 and 37 days since the local tops that we've made on on Bitcoin now just hovering to the downside right in this area over here. So, we do have something quite similar when it comes to this play, this play, right?
04:57 The time frames are starting to line up. Okay, now I want to get to the next point and then I'm going to start bringing everything together, right? is the total three the altcoins right now the altcoins have only been oversold three times on the signal before right and they actually been big reversals right so here was a reversal of altcoins actually putting another 20 to 30% to the upside okay here was a big reversal okay of us bringing up to $130 billion into the alcoin market okay and here was a short-term reversal
05:27 however the difference here okay was we already started to really lose a lot of momentum and steam right so this one for me was pre-dump, okay, not into area of support, but actually losing support in these zones where the previous times over here, we're actually bouncing on strong support zones. Now, we're sitting at a place again of an oversold area here.
05:47 Now, the next thing I want to bring into play here, okay, is to show you guys the results, right? When did we get something better versus worse? And this is where it gets quite interesting, right? It gets to a point that better results, okay, have actually been pretty bad for us. Okay. So if you look at this time over here, better result, market came down quite a bit after that, right?
06:07 Worse result, market went up. Worse result, market went up, right? Better result, tanking to the downside. There's one exception over here where we actually did see a dump on a worse result, but we PPI came in and gave us a little bit of steam, but you saw what happened after that, right? So as it stands, we actually sitting on a possible better result, right?
06:25 Versus the forecast or expectations. Okay, the question is now is this actually going to give us that dump down? History says yes, right? It does come to those plays. A worst result is actually what gives us bullishness into the markets, right? So, as you can see, this has been a catalyst of um reversals as well as continuations, but it's been quite interesting when it comes to the data of of the reactions that we're getting into.
06:51 Okay, which gets me to the point of exactly moving back to where we are right now when it comes to the altcoins. Okay, this is where we at. As it stands right now, more downside is very much expected. Okay, and because we're sitting with a a event that adds into this, right, of either continuation or reversal, right, I have to now look at the chart and say, hey, are we really at support right now?
07:13 Now, one thing that I can say is there is support on this left hand side over here. Okay. But as I add more and more tools together, okay, it's very much indicating to me that we are still possibly looking at down here as the next big big big support on all coins. Okay, so as it stands right now with the results, I do expect maybe a short-term little bounce.
07:33 We'll see come into play. Okay, but as it stands down over here, but the important thing getting back to over here is anything that was temporary down. Okay, we we saw here down. We actually ended up pumping a few days later, right? So any result where we actually had the the the the reaction down within CPI and it came from a lot of good results. Uh uh sometimes bad but more good, right?
07:56 We actually saw three to four to five days later the market actually ripped and it ripped a lot at many points. Gets me to the point of I do think a 20 to 30% bounce is loading up on the old coins. But as it stands on the chart right now, I can very much see that we go down here and from there over the next few days, we actually start rallying up. Okay.
08:13 So, a couple of key metrics to pay attention to is for me any more positions that I'm buying, I am still looking at that slightly lower down target, right? And we have them here. Let's say on ETH ETH sitting at just under $2,000, right? We have NEO protocol. I'm waiting for the $3 to $3.3 range, right? I'm looking for the chain links, right? Lower down in the the mid $9 ranges.
08:33 So anywhere of the 10% move move down is where I'm still sitting at those areas of uh of accumulating some more right one that's getting cheap now that's about to lose a support okay is Salana and I think Salana here in the early to late $70 is really a key level of accumulating soul right but then I want to get to the next point which is pay attention okay to the bounce that is incoming okay so when it comes to that it comes to the point of what I'm accumulating but at the same point Okay, I'm looking at this.
09:04 I'm looking at this. I'm looking at this and I'm looking like this. This is the reversal and the play that I want to be seeing. Right, the first bounce is pretty big, right? If we look at as example on Salana, right, just as a as a key little play on Soul, it's a bounce from here back to the areas of $100, right? It's already a 15% bounce to the upside, right?
09:23 That's not even us accounting for lower down than where we are right now. Okay, so it gives you an idea of when that comes into play. So, what I'm trying to say is I am not super bullish into the CPI, but if I see that strong acceleration down, okay, there is a point of where I'm buying more and I'm getting ready for a reversal within the market. We are accumulating up over here and this is where everything is sitting.
09:46 Tomorrow, we're going to PPI. Make sure you do not miss the stream because when these two come into play and CPI dumps the market as an example, PPI comes in sometimes and actually rips the market up, right? So there's a very interesting 48 hours that you do not want to miss. Make sure that you are here. Okay. And then secondly, we might see a bounce.
10:05 Now let's speak around the bounce. Right? If the bounce comes into play now, okay, what we want to see, okay, is the real bounce. We want to see Bitcoin end up in the next 24 hours at $80,000, right? We want to see altcoins come into play of moving up over here to these areas. If not, right, it's very much a fake trap bounce, okay? And it's something that we can still wait for the lower down targets.
10:27 Now guys, with that being said and all the the the volatility incoming, we have entered as banter the biggest buyback competition in the world of trading, right? Lot of fun. Join there's a link below in the description. In 3 days, we start the competition. Then what I want you to do is download insert trade, right? Go there. It's insert trade link and join the room.
10:47 There's a WSOT. This is where every host at Banter is going to be taking trades in the market, right? So pay attention to this over here. Um something great that we're going to do as a team. And then secondly, anyone that wants to get a KCHI account, $50 signup bonus to anyone, specifically us, right? This is where you can trade pers and prediction markets. Link below in the description. I will see all of you tomorrow. Have a fantastic day. Bye-bye.