In this video, I discuss Bitcoin testing a key macro area of support that we’ve been monitoring, reflecting on how this multi-cycle support impacts the current market. I explore recent events, including the capitulation event influenced by Mt. Gox and German selling news, and analyze the panic this has caused among investors. Highlighting the fear and greed index, I emphasize the significance of this fear level as an indicator of a potential market bottom. Additionally, I break down the ADA chart, noting its multi-month target being hit and the frustration of its prolonged sideways movement. By comparing Bitcoin’s current position to previous cycles, I argue that this is a crucial setup for the next bull cycle. Finally, I examine bullish divergences on both Bitcoin and ADA charts, suggesting a potential reversal and emphasizing the importance of patience in navigating these market cycles.
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Intro 00:00
Crypto capitulation 00:50
Perfect crypto storm 1:40
Bitcoin on great track 3:20
BTC bullish divergence 6:05
Cardano also on track 7:05
ADA price target hit 9:30
Cardano bullish reversal 12:00
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*The above video references an opinion and is for news/information and entertainment purposes only. It is not intended to be investment advice, financial advice, or any solicitation, recommendation, endorsement, or offer that you buy or sell any cryptocurrency or securities. Trading in cryptocurrencies and securities is a high risk activity involving risk of loss so please seek a duly licensed professional for investment or financial advice. The information provided on this video should not be used to make any investment or financial decisions without consulting your financial or investment advisor. This video contains my opinion only and is not intended to cause harm or defame anyone or any entity.
Crypto Capital Venture is big on tracking bitcoin market in particular. The general premise of technical analysis videos on Crypto Capital Venture is that although Bitcoin price price moves very in a very volatile way, there is much opportunity in being prepared for upside and downside. We also cover Bitcoin news on this channel as it comes out.
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