so im not one for trend lines but! if you drew a trend line from 15k to 72k we broke that to the downside and then saw 100s of days of consolidation. well we just broke the trendline we created after that consolidation could be that were about to consolidate again otherwise were looking at 108k be the 67k top in a way. it would be silly for all of us to doubt that Bitcoin would price in the coming recession..... especially since wall street just entered....
i think your Elliott wave numbers are wrong. We didnt call August of 2020 number 3 so we shouldn't call April and September 2023 number 1 and 2. The first number is march 2024 and second is august 2024. We are currently in the topping of number 3 and could see a couple month lull about 30% from top to bottom retesting highes to make four. Thinking that we are on the last wave will only have people fomo back in when price bounces back in late march early april next year and mega pump for the next eightish months.
@starsn7974 idk i personally think both counts are incorrect and this count on the monthly is what i have been watching. wave 1 birth of Bitcoin to 2017 high wave 2 2017 high to covid low wave 3 covid low to 69k wave 4 69k drop to 15k wave 5 15k to 108k (108 also lines up with the past highs when you connect them ) 108 has been a moving target so far tho i do believe that we will get a fake out push up that forms a second more rounded peak marking 108k as 67k in 2021 and then between 111k-116k as 68.9k with everyone screaming were going to 150k 200k 250k in 2025!!!(not likely from this viewpoint for now)
Like all summer its over it's over my data says so 😂 these trader don't know anything better to follow the cyclical view of bitcoin which has yet to fail and has been followed perfectly so far
Reminds me comments on Jason video at march. Everybody screamed "weak hands" while Jason said be very cautious. But then when BTC continued crashing, even huge channels started posting "why I sold". And then, after everybody sold in 50% less profits, comments changed to "dont buy yet" while Jason said dont just wait for some golden bottom, keep accumulating. I remember comments "tired of your last opportunity for the sixth time". Guess what, after this comment BTC sky rocketed. LOL And now the cycle repeats
I LOVE THAT ABOUT THIS GUY! RIGHT TO THE POINT, GET'R DONE. SOUNDS LIKE HIS BROTHER JASON IS YOUR TYPE. GREAT TA BUT MUCH DIFFERENT STYLE. PERSONALLY, I PREFER MICHEAL AND THE TO THE POINT TA.
We had multiple weeks in November where we had three days down in both Bitcoin and ethereum, multiple 3 days down signals in October as well, September as well. 3 days down is a garbage signal full of false hits, I don't know why you guys are so into it
Thank you for calling the short term(hopefully) market/crypto top. You called it out with accuracy. Following is my understanding : - we are currently in wave 4 of Elliot cycle - need to watch out for following for final and fifth wave A) crypto market cap support at 2.8T B) Bitcoin closing above 104k C) Eth closing above 3.5/3.6k Breakdown below 77k for Bitcoin, would result in sustained bear market Did I capture it correctly? Thanks again
Only 10% correction, even 10x leverage long positions not got liquidated yet. A few days of fear soon at fear&greed index after these 2.5 months of an extreme greed is historically proved
Michael even your kid is crying in the background when he is hearing you talk about 3 days down on BTC, ETH and SOL 😂😂 So it’s not just my friends and I crying today 😂
I'm not so sure chart reading is going to do a lot of good right now, there are too many political and business factors that will likely make past behavior of Bitcoin irrelevant.
Based on your title, it’s not an airport you don’t need to announce your departure. Just go and delete your content. Not even interested in hearing the rest of the story.
Every crypto TH-camr has 50 different 'supports' etc and to be honest I doubt whales care less about them. Price can stop anywhere or fall from anywhere. The chart supports hold as often as they fail so not sure that gives them any real substance to those who control the price. Everyone thinks the price is going to 90k..85k...75k..etc but likely hood is it will start moving back up in a day... They usually just do the opposite of what most think
Thanks for the video! I don’t understand a lot about crypto…I need some help to transfer my USDT to Binance using my seedphrase, (summer topic topple similar physical seminar object upset deposit spot estate ripple). Could you help me with that?
you and your brother are 100 , and i am telling everyone (btc) we are in wykov distribution the trend is changing and we are going to 70k retesting that before we go up again
1st the Trump and Dump ( back to pre-election numbers?), then Holiday retail gamblers relief rally, then january dump, then American tax time rally like last year, then good luck...........Note: Last year FED goosed the market with overly dovish lingo, this year opposite. ( remember they are not political, lol)
These dips happen in healthy bull runs. This time last cycle was a 30% dip. Huge gains ahead! Ignore the FUD. If this dip shook you, you shouldn’t be in crypto.
![URGENT: It’s Worse Than I Thought! [BTC & Crypto Crash…]](/img/n.gif)
TIA Premium Membership → tiacrypto.com/
so im not one for trend lines but! if you drew a trend line from 15k to 72k we broke that to the downside and then saw 100s of days of consolidation. well we just broke the trendline we created after that consolidation could be that were about to consolidate again otherwise were looking at 108k be the 67k top in a way. it would be silly for all of us to doubt that Bitcoin would price in the coming recession..... especially since wall street just entered....
what do you think about the RSI diversion tho??? i think we at the top
i think your Elliott wave numbers are wrong. We didnt call August of 2020 number 3 so we shouldn't call April and September 2023 number 1 and 2. The first number is march 2024 and second is august 2024. We are currently in the topping of number 3 and could see a couple month lull about 30% from top to bottom retesting highes to make four. Thinking that we are on the last wave will only have people fomo back in when price bounces back in late march early april next year and mega pump for the next eightish months.
@starsn7974 idk i personally think both counts are incorrect and this count on the monthly is what i have been watching.
wave 1
birth of Bitcoin to 2017 high
wave 2
2017 high to covid low
wave 3
covid low to 69k
wave 4
69k drop to 15k
wave 5
15k to 108k (108 also lines up with the past highs when you connect them ) 108 has been a moving target so far tho i do believe that we will get a fake out push up that forms a second more rounded peak marking 108k as 67k in 2021 and then between 111k-116k as 68.9k with everyone screaming were going to 150k 200k 250k in 2025!!!(not likely from this viewpoint for now)
BTC has not broken support - 4 yr cycle still intact
Michael, how you stay focused with kids wailing in the background, is beyond me .Dad power. Respect
Haha, yes. Dad power level = 100%
We are just back to where we were 8 days ago, and we were celebrating 8 days ago
not the alts, the alts have been decimated.
@meangene1980 Alts yes, BTC no. Happens every cycle though! HODL here :)
@@meangene1980decimated then you bought at top🤣 its a pullback…nothing to worrying about
@@nicolegriffiths8769 Every cycle people also call for higher and higher prices which never happen. It has to end at some point.
It's over - YT full of dramatic headlines
😂
every cycle has ended with everyone shouting we´re going to the moon after this "small dip". I think we're still fine. For a while.
Like all summer its over it's over my data says so 😂 these trader don't know anything better to follow the cyclical view of bitcoin which has yet to fail and has been followed perfectly so far
So just another day on youtube then you mean
You won’t click otherwise
Just THE end of year TAX SELL OFF , JANUARY is a big buy back...
Why would you tax sell off in a year that was one huge profit, doesnt make sense.
Do I miss some smart ess strategy?
This is exactly what everyone was saying in December 2021
@@m_r__r_o_b_o_t THATS A LITTLE TERRFYING
@@m_r__r_o_b_o_t except this is 2020 and six months from halve without dominance dropping is a world away from 2021.
ALWAYS DRAMATIC HEADLINES, sooo tired *unsubscribed* Happily!!!
Don't let the door hit you in the way out big dog x
byeee
Reminds me comments on Jason video at march. Everybody screamed "weak hands" while Jason said be very cautious.
But then when BTC continued crashing, even huge channels started posting "why I sold".
And then, after everybody sold in 50% less profits, comments changed to "dont buy yet" while Jason said dont just wait for some golden bottom, keep accumulating.
I remember comments "tired of your last opportunity for the sixth time". Guess what, after this comment BTC sky rocketed. LOL
And now the cycle repeats
You are right,always try to get attention like this in a negative way
You're being kinda dramatic.
Breathe dude breathe! Who told you making a 15 min video as one continuous sentence is what people like?
I LOVE THAT ABOUT THIS GUY! RIGHT TO THE POINT, GET'R DONE. SOUNDS LIKE HIS BROTHER JASON IS YOUR TYPE. GREAT TA BUT MUCH DIFFERENT STYLE. PERSONALLY, I PREFER MICHEAL AND THE TO THE POINT TA.
Dudes the truth. Change the speed.
I love it. Sorry you can’t keep up, you might need some stimulants or stop drinking alcohol and get more sleep so your brain is sharper:)
Never ever trust any analysts
Summary, the magic mushrooms tell me it's definitely going up or down.
🤔🤔🤔 I dunno man. It could just go higher or lower☝️👇
Nahh man take more shrummmssss and everything goes sideways……. Then woooosh it goes up
😂😂❤
Time to buy more BTC
Thank you Michael
Merry Christmas !
Congrats and peace to all
Your older brother is very convincing and confident, however your material and accuracy is way superior!!
Thank you 👍
Watched this at 0.75x speed and I still didn’t understand it. Are we selling, holding or buying?
At the moment holding.
Cloudy with a chance of sunshine, or rain... heh probably sunshine, maybe.
Yes
Fartcoin is retail's way of saying 'Up yours' to those who keep manipulating the market
We had multiple weeks in November where we had three days down in both Bitcoin and ethereum, multiple 3 days down signals in October as well, September as well. 3 days down is a garbage signal full of false hits, I don't know why you guys are so into it
The signal comes into effect when it happens at ATHs.
It will be fine ! 😊🎉
Thank you for calling the short term(hopefully) market/crypto top. You called it out with accuracy.
Following is my understanding :
- we are currently in wave 4 of Elliot cycle
- need to watch out for following for final and fifth wave
A) crypto market cap support at 2.8T
B) Bitcoin closing above 104k
C) Eth closing above 3.5/3.6k
Breakdown below 77k for Bitcoin, would result in sustained bear market
Did I capture it correctly?
Thanks again
Get out before it hits 60k
This time is definitely different and we’re all gonna make it
Thanks Michael. Your calm and concise TA is so helpful to navigate this tricky time in the market.
My pleasure 🙏
Thank you for calming the nerves!
Merry Christmas from Australia everyone - jeeezzzz
We all NGMI, this bull market is the worst
Michael went and drop kicked his kids after he ended the video 🤭
😂
I'm buying 🎉🎉
Thanks Michael!😉🎄🎄
Michael, I love the background music! Lovely! Wish you lots of love and happiness!😘
Any time!
Pressing 'F' to pay respects.
Only 10% correction, even 10x leverage long positions not got liquidated yet. A few days of fear soon at fear&greed index after these 2.5 months of an extreme greed is historically proved
Explain that move
Thanks, Michael!
The increase of emotions in the comments section is a sell signal for me lol
Thank You 🙏✌
A bit of Woo Woo: If this specific Woo Woo is correct, the markets will change direction in a few days.
Woo woo = “sentiment”
I get random youtubers like this sometime. They never match it to the stock market or even consider the idea.
A lot of them do.
@@sevelev Triple witching tomorrow. Going with we drop further and we rally next week.
You must be new here
Good job bro
This is right. Get out with some wins!!!! I got out 3 weeks ago
You’re above using click bait titles. It’s like picking up pennies from a fountain
cheers mate!
Stone faced while the baby was crying! This dude has nerves of steel!
I’m completely new to this. I’ve gotta say it’s terrifying 😢!
hold, market will recover after christmas...don't listen to these youtubers...alt party hasnt started yet
this guy is a clown, buy btc and hold. you will be happy you did when its 1million plus
@ Thanks very much for your reply. I appreciate it!
@@ralphmediana Thanks very much for responding. I’m just trying to watch how everything works before buying in. Cheers
@@MrChaza001 My advice: Don't buy in at these levels. What for the next cycle. Beginners get burned very hard at this stage. Only my opinion.
Excellent video. thanks
Michael even your kid is crying in the background when he is hearing you talk about 3 days down on BTC, ETH and SOL 😂😂
So it’s not just my friends and I crying today 😂
Nice one Michael. Still here still profiting because of your work. Merry Christmas 🎄🌲
some toxic hurt people in comments lol
Made with a potato microphone
Thanks Michael! Some really good follow up information. 🍻
You can extrapolate anything you want from the charts, doesn't make your conclusions correct though does it ?
what about all the other times there has been three days down and it wasnt a top
Cant hold sell my all bitcoin 😮😮
“Gold is a strategic reserve; Bitcoin is a strategic risk.”-Cas
Bitcoin has had 11 times alone in the last year with three days down ? 🤷♂️
Matters more at significant peaks.
Sold my negative bags for tax losses during this, waiting for the next time confirmation we’re done dumping
What are you going to do when you exit crypto?
Thank you . Great analysis with E waves ❤
We basically just solidified our three day down, so what’s the possibilities from here? Painful grind down or drop?
Thanks Michael much appreciated information!
Solana is cooked with the fall of pumpfun and with the massive unlocks coming at the beginning of next year
My biggest concern is that Hawk Tuah was the top signal.
You’re absolutely right
Step Finance seems to be gaining momentum fast! Anyone else looking into it?
Michael recorded this video on a 1999 iMac
It’s over folks
Scammer.
Hodl guys.... Be strong
Traders always so scared.
Nice look btc head to 120-180k
Sick analysis Michael. Luckily I got rid of my crypto bags while BTC was above the rising wedge.
I'm not so sure chart reading is going to do a lot of good right now, there are too many political and business factors that will likely make past behavior of Bitcoin irrelevant.
As George says … TA works until it doesn’t work…. Did TA know wot JP was gonna say yesterday? 🤔
Dump dump dump bitcoin to zero need to buy low now hurry hurry hurry!!!!!!!!
Based on your title, it’s not an airport you don’t need to announce your departure. Just go and delete your content. Not even interested in hearing the rest of the story.
Next pump incoming, either dead cat bounce or new ath's..
Glad I sold everything a few days ago. Bring on the bear
It's over... It has been a $BTC cycle
I'm just buying Bitcoin the Red days. In 12 years I'll retire at 55 and live OK.
Step Finance seems super promising. Can someone explain how it works?
Buy the dip, lose it or become rich... The playbook from now for many haha 😀
One Love!
Always forward, never ever backward!!
☀☀☀
💚💛❤
🙏🏿🙏🙏🏼
Just ZOOM OUT and then touch some grass.
Wrecked wrecked and wrecked
Thanks mick
Did you guess you’d ever say
bl oh job online lol
3 days down 🎉
Haha, I did not.
Blablabla come on its not over yet u have to expect volitlity right now🤦
Dude!! 😂😂🤦♂️🤦♂️. It is NOT over by a long shot
You start a sentence with "dude" and expect to be taken seriously? 😂
Max fear - sell now 😂
W
Ready for the 7 month sideways action? See you all in May 😂
imagine having crypto... LOL
Paper hands 😹
Every crypto TH-camr has 50 different 'supports' etc and to be honest I doubt whales care less about them.
Price can stop anywhere or fall from anywhere.
The chart supports hold as often as they fail so not sure that gives them any real substance to those who control the price.
Everyone thinks the price is going to 90k..85k...75k..etc but likely hood is it will start moving back up in a day...
They usually just do the opposite of what most think
Thanks for the video!
I don’t understand a lot about crypto…I need some help to transfer my USDT to Binance using my seedphrase,
(summer topic topple similar physical seminar object upset deposit spot estate ripple).
Could you help me with that?
OMG ! We’re down 15 per cent. The end is nigh. It’s all over. 😂
Were downway more than that. Sheesh.
@@cryptoholica72so?
95k is 12% down from 108k.
even child is screaming, must be over then... hahahha
you and your brother are 100 , and i am telling everyone (btc) we are in wykov distribution the trend is changing and we are going to 70k retesting that before we go up again
I'm gonna sell before then, too risky to miss selling at 100k BTC if it keeps dumping below 70k. I'm not taking that risk
@@jamesbuttery3862 wait before we retest 99.9k btc if we reject you know, it will not go below 70k don't be worried
The trump dump
1st the Trump and Dump ( back to pre-election numbers?), then Holiday retail gamblers relief rally, then january dump, then American tax time rally like last year, then good luck...........Note: Last year FED goosed the market with overly dovish lingo, this year opposite. ( remember they are not political, lol)
What about post halving year
already priced in last march
another newbie in this cycle lol
These dips happen in healthy bull runs. This time last cycle was a 30% dip. Huge gains ahead! Ignore the FUD. If this dip shook you, you shouldn’t be in crypto.
Thanks Michael, ignore the haters. You & Jason are the best.
Why are so many people recommending Step Finance? What’s new with it?
2334th