A new Altcoin Season!! Or a Bull Trap?!

Summary

Highlights

• Bitcoin lingers around 100K, with debates on whether it will break through or pull back. 📉
• Possible altcoin season hints as multiple altcoins display strong performances. 🚀
• Key political events, such as Trump's influence, are highlighted as potential market movers. 🌟
• Ethereum's technical patterns suggest an upcoming bullish breakout, sparking investor interest. 🔥
• Speculation on the profitability of Bitcoin layer twos, such as Stacks, rises. 📈

Key Takeaways

• Bitcoin struggles to consolidate above 100K, indicating potential volatility ahead. 📈
• The altcoin season may be upon us, driven by bullish sentiment and technical patterns. 🚀
• Political events, such as Trump's return, might impact crypto markets significantly. ⚖️
• Ethereum could lead the altcoin rally, showing potential for a bullish breakout. 🔥
• Investing in Bitcoin layer twos like Stacks and Core might yield high returns. 💰

Overview

A new Altcoin Season!! Or a Bull Trap?! Transcription

• 00:00 - 00:30 and what a week it has been for Bitcoin folks stuck at 100K again like Pablo has been saying stuck at 100K again and what about some of the altcoins eh what are they going is an altcoin season here do you think do you think an altcoin season has started like Pao has predicted right I have more evidence that we are going higher for the altcoins right and look at the four altcoins that Pablo has been talking about in my videos right two videos ago I named four old coins and they're all three of them are up and
• 00:30 - 01:00 running straight away okay that's have a look at where Bitcoin and the rest of the action is right now so basically Bitcoin right as I said would take weeks weeks to get above this uh uh this a 100K area right it can flirt with it go above but then come down that's because we're in this massive Channel what can happen is I kept on showing the silver chart which is a pop back up and then it can come down like this hang
• 01:00 - 01:30 around in like 90s 80s hopefully not and then break up in due time right so one thing to keep in mind is um I mean for guys who have been following me on this you already know you know the the chart I'm talking about which is the silver chart silver chart is basically right the price pops up comes back down to about $35 silver and comes back down back into the channel so look the thing is there's one scenario one scenario
• 01:30 - 02:00 that I'm thinking about that we got to watch out for and that is where do we think where do we think Bitcoin will Top I don't mean an ultimate top well it could be an ultimate top but but a local top is coming up and that is Believe It or Not January 20th when Trump gets into Power because the market always buy on rumor and sell on news why they buy on rumor because Trump is so crypto-friendly right he's so crypto friendly and then they're going to sell un news because when he gets
• 02:00 - 02:30 there are so many promises he's not going to keep right that we all know that so let's have a look at uh the the how this could play out one scenario one scenario I mapped out right and this is pretty simple all that I have done is basically I just remember how we went made that new high of 74k in March and the market just gone sideways right I've just mapped this part of the market and just added it here right that's the black lines you see right if the scenario I spoke of which is Bitcoin
• 02:30 - 03:00 takes ages to confirm above 100K not to it can Wick above 100K but I mean confirm confirm above 100K right if it takes weeks even month as I said then this is a scenario and look this is don't take it literally this is just simply copy and pasting this part of the action under here right but I want to point out a few things right we have a bigger pullback say why around this low 80s area because see this 82k to 80k area that is 0.618 part of the Fibonacci
• 03:00 - 03:30 retrace of this move up from 50k to 90 to 100K right so having a pullback lens around there seems to make sense seems to make sense and then basically rally up again because Trump is going to get get into you know into Power Trump inauguration and I drew this exactly on January 20th when he swears in as the 47th president
• 03:30 - 04:00 of the US right and and look it tops right boom comes back down because you know the Bitcoin Reserve uh National strategic Reserve whatever isn't approved and then here we go again we go sideways and up we go again eventually uh I do hope it breaks out before freaking April or May this is just a very rough guide um and maybe 120 maybe 110 maybe 130 this is one scenario it what I'm what I'm trying to demonstrate
• 04:00 - 04:30 there is that if the scenario I was talking about which is that if Bitcoin does not break above does not break above uh and confirm and consolidate above 100K anytime soon then that's the scenario I would have in mind that's the scenario I would have kind of play out but that's let's be prepared for both scenarios right right now what if Bitcoin just makes a run above 100K let say what if this scenario plays out uh
• 04:30 - 05:00 let's say okay so we to have a look at this on the that's the the weekly chart uh on the 4H hour chart which is a very short term uh Bitcoin actually looks good uh you know I wouldn't discount the fact that it pops above 100K so we have we have uh this Rising triangle this bull triangle Bull Pen in here basically Rising that's the bottom Edge and here
• 05:00 - 05:30 is the upper Edge if Bitcoin can manage to close daily above 98.6 there's a chance can just break 100K could be a fake out right we cheer we celebrate for like a day or two and then boom comes back and does the scenario I was talking about before it can Bitcoin can even go up like for say say for example um 3 days 4 days right like what it did at 73k when we all thought well except me I warned in my Discord that this wasn't going to be this is not confirmed yet right does
• 05:30 - 06:00 something like this and then boom comes down either way so far my forecast my prediction has been quite powerful because as at 100K it's going to be difficult to get above and look at this right we're on our second attempt third attempt at 100K and has failed as well but that's not the important part right right now the important part is that I've been saying to a lot of people right to focus in my Discord to folks in uh on social media that I think a altcoin season has come right if a
• 06:00 - 06:30 Bitcoin goes to say 130 140 150k that's less than 50% move from here right what is going to make a big move is if ethereum leads all the other coins into a massive uh a massive altcoin Market let's have a look at the altcoin market uh altcoin run so here for example we have ethereum and it also in my opinion is a bull flag and due to this ETF grease scale selling it broke down from the bull flag but
• 06:30 - 07:00 sometimes we can sort of just say hey we can still count this as a bull flag if this is true if this is a bull flag then and we just got a weekly we're about to in a few hours when you guys see this video You See It confirm above this bull flag and close say if a Clint close anywhere above 30 that's call it 3650 then I would consider it on the weekly this Sunday closed above the the bull flag if so then basically um ethereum
• 07:00 - 07:30 can make another run up how high can it go let's just do a bull flag calculation the height of this flag is almost 1,000 points 2570 to 3533 almost like 950 points and we add another right 950 points from the place of breakout that will lend us at 30 4500 4500 00 would be around here 4500
• 07:30 - 08:00 that's just a technical Target right for the eth breakout if we can confirm here on the weekly 4500 4500 why do I think that's uh that's also makes sense as a as a nice Target because when we bring it around here we see in 2021 bull run this top was around 4365 and this top was around 48 4800 something so 45 46 around there Massive Resistance so ethereum get sto
• 08:00 - 08:30 there and pull back right and then boom and then offer goes goes again hopefully then we get you know a massive Bull Run for the altcoin uh Bull Run altcoin season the most important chart everyone looks at is this one um now I have been I have been spot on with this one basically you've been watching if you've been watching my videos I've been saying okay I think we have one more pop like 3 4 weeks ago I said I think we have one more pop right to 61.4 and it's done
• 08:30 - 09:00 that exactly right 61.4 and then I think altcoin season starts and for the past two weeks we've seen exactly that we've seen xrp do 3x we've seen you know um uh we've seen dolge do 4X we've seen salana hit a new all-time high but most importantly this is the weekly support trend line this has been over a year now that um Bitcoin dominance has just been rising Rising Rising so bitcoin's outperforming the altcoins and now it's broken right it
• 09:00 - 09:30 could Wick Wick back up of course can happen but what I'm saying is this needs to be a weekly close to confirm we are about say 16 hours away from getting that Weekly close and imagine if the Bitcoin um market cap dominance Bitcoin dominance starts doing that right hits 50 can I don't know it tends to it tends to come back to around the 40s yeah like
• 09:30 - 10:00 last Bull Run 2017 Bull Run last bull run it all got below 41 hit around like 39 imagine if I went from 57 where it is currently to like 40 that would be a crazy Bull Run crazy Bull Run Okay um another one we should be watching out for is uh eth versus Bitcoin eth uh price in terms of Bitcoin and this one if you're in my Discord I've been calling it as well I said last week what rather two weeks ago I said I think
• 10:00 - 10:30 we're forming a major bottom in tail that is what we call bottom in tail and I think this is it this is where e turns around against Bitcoin right this is a strong candle and hopefully we hit we finish strongly somewhere around here right 0.038 0.0 right that area um we get the weekly close again in this is a weekly chart in like in like uh uh uh 16 hours if we confirm then likely look how much it has to run this is how much ethereum can
• 10:30 - 11:00 perform out perform against Bitcoin in the coming up 3 months or 6 months and you know if it hits like a 2017 all-time high that will be incredible it will be incredible crazy altcoin run but I'm not expecting that I'm expecting if eth can get to 0.6 that will be already quite incredible for me if it can just hit the last cycle high of 0.86 086 we'd have a crazy old coins bull run
• 11:00 - 11:30 now uh in terms of the um okay so if you've been following my video this is the problem um some of these channels don't pump right the the massive calls I've made there was a video that I put out two days ago that said there are four coins that are altcoins that I am buying and since then in the last two days three of them had made major pumps the old coins I was talking about is basically in the category in the in the um um Narrative of bit coin layer twos
• 11:30 - 12:00 so that's like Stacks that's the only one right that's kind of the the OG that hasn't pumped yet but everything else like Ella EA has had a big pump and then you have uh core has had a big pump and just for fun I named one of the small dex's decentralized exchanges oncore called b b right that has had a massive pump as well I'll take you guys through that but just before I do um I always post this video like about a day beforehand in my in my Discord which is is Sunday right now you probably see it
• 12:00 - 12:30 publicly on Monday uh just before I do let me tell you guys about the exchange that I'm trading with for 30 seconds and basically I've been using bit unex because it's actually a non kyc exchange I'll say that again non kyc right lots of advantages if you know what I mean and it's already quite trusted 1.3 million plus global users 200 million infuses trading volume but people who sign up right with me using the gets a up to up to $5,500 $5,500 USD worth of
• 12:30 - 13:00 newbie benefits but that's the Pablo package so you will only get that if you use the link that I'm providing you don't have to it's up to you you don't have to but if you want that 50500 us of newbie benefits right then sign up with Pablo and uh the way to do it is basically in the link you see below in your video or if you're watching on some different platform like like Tik Tok oh sorry yeah like Tik Tok or um or Twitter then basically just go on to my page right my personal page right and just
• 13:00 - 13:30 click on this Stan Pablo He-Man link when you click in there right the first thing you see is basically bit Unix right that's how big of a deal this is right now and uh when you click in there boom you get on the landing page so once again $5,500 worth of usds of um of benefits you know to newbies up to that amount and uh only that right exclusive only using Pablo's link all right now back to the markets what I was talking about before so core I called this like uh uh
• 13:30 - 14:00 2 days ago and we can see that's when it started running uh the reason why I called it two days ago was because um uh because I saw that now we're basically breaking out of this downtrend uh if Bitcoin this is a layer to a Bitcoin if bitcoin's running so hard if Bitcoin is doing so well then why wouldn't the Bitcoin layer 2 is also be doing well um people say that the liquidity of this season people say that oh look the
• 14:00 - 14:30 liquidity this season is not coming to um uh to the old coins people say that that's because right that's because um all the money is going to bitcoin through the Bitcoin ETFs on Wall Street and those Boomers would not know how to buy core how to buy uh ethereum or or salana or salana Mims whatever but that say if that's true which I do not believe is true I do not believe it's true that say if that is true then
• 14:30 - 15:00 basically it would be a Bitcoin pump and Bitcoin desperately needs a layer too like the lightning Network lightning Network makes Bitcoin transactions faster and easy to use but again no one uses you know they don't have a token so core right now has the most tvl to total value locked on the Bitcoin ecosystem so um uh that's have a look at it again that's why I called it I called Ella Ela uh core and also STX and B B and and um because I thought it
• 15:00 - 15:30 was right here on the verge of breaking out like within a few hours my videos going out boom we had this candle and then boom this candle Almost Up 2 well it is 2x since like a105 when I called it and um you know it's um I mean this is a like a$3 billion coin so um uh I'd be surprised if I was the onlyone moving it um pullback right now first level of support is around $1.74 hopefully goes into a sideways bull flag here and then
• 15:30 - 16:00 boom goes off it goes again if it was to pull back to the next layer of support which I see it could be around around this this1 60 high high 150s area if it went to here then that would be disappointing right that that would be a a pullback that would take a while for it to fix up so hopefully somewhere up to $158 $160 um and then boom it goes again uh there's a large cap but if you want the small caps if you wanton the small caps
• 16:00 - 16:30 you want the the crazy runs right uh check out the um the very small coins the decentralized exchanges the dexes right uh on um on these uh the these these uh uh chains such as core chains so for example uh we'll go to see for example this one uh we go to um let's have a look at let's have a look at the the the bow coin we're talking about so
• 16:30 - 17:00 boow coin for example um keep is doing well one of the other coins that um that I've been talking about probably probably has bottom not Financial advice none of this should be taken as Financial advice so core yeah core here I think is making a topping tail right now so core is about to probably about to pull back right and um and yeah like I cord it around here I think from memory so it's been a nice 45 uh since since my call um okay because
• 17:00 - 17:30 core itself is pulling back right now so B is pulling back and uh remember it was at $7 before uh yes $697 74 $7 and now it's at 12 cents I called it around 3 cents right to focus my Discord um this is log view of course and if we use natural view that's what the chart looks like you can't even see this move so of course lots of um uh lots of um exciting action keep up to
• 17:30 - 18:00 date with the news with Pablo and uh you know hopefully we all have a a good Bull Run I do see some uh dark clouds on the horizon I'm not one of those Moon boys I can be bullish when the market needs to be bullish but I will also warn you and let you know where the threat and danger is when it is coming so um follow Pablo and I'll catch you guys next time