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[00:01] we will have this home format, since I am feeling unwell, my throat, yes, hurts a little, my voice is hoarse, so I apologize if it is difficult to hear me. My eyes are also burning because of the temperature, and that's why I'm without lenses today. But the video is
[00:16] very important. I need to write this down now so that you understand the context of the current market situation. Because, yes, a few months ago I warned you about the high probability of the end of the normal market, that is, I gave you
[00:32] 12 factors, although in reality there were more. And now we see this downward impulse. Our scenario is being realized and there is confirmation of the beginning of a bear market in cryptocurrency. Today I'll be looking at Bitcoin, the
[00:49] overall market capitalization of cryptocurrencies, and the market capitalization of altcoins. I would also like to analyze altcoins, but unfortunately, I don’t have enough time for such a long video right now, so I will split this video into two parts, and we will analyze altcoins in the
[01:03] next video. I'd also like to remind you that I rarely do reviews on YouTube these days, I rarely do reviews on YouTube these days, only in the most pressing cases, when the market situation changes globally. But I regularly
[01:16] is now displayed on your screen, so please subscribe to stay updated on market movements and to know which assets I am considering buying or selling. So, let's figure out Bitcoin.
[01:30] What evidence is there that a bear market has begun? First, let me remind you that the structure of the normal market consists of five waves of progress. And now we see how these same five waves have formed on Bitcoin , at least visually.
[01:44] That is, this is the first wave, this is the second, third, fourth and, accordingly, fifth. Moreover, the fifth wave traveled exactly 162% of the distance of wave 3. This is the exactly 162% of the distance of wave 3. This is the golden ratio. And from exactly this place
[01:59] we bounced back and made a very strong reaction. That is, yes, if I turn on a regular arithmetic graph and we measure the distance of this pulse and this one, it turns out that the second pulse traveled 162% of the distance of the first
[02:15] this distance that a correction of a higher degree occurs, which is what we are now seeing in the Bitcoin cryptocurrency. Next, within the fifth wave of the bull market, we formed the so-called ending diagonal. This is, a, a trend change structure
[02:29] , which almost always indicates either a correction of a higher degree and the realization of the minimum potential of this structure, or even the beginning of a deep correction. And now this structure has also given us the beginning of a
[02:43] correction of the senior degree. Let me turn on the market simulator a little to explain another of my logic. That is, we could still consider the final diagonal in such a way that we would have wave four, and then
[02:56] we would have formed a fifth wave and only then the beginning of a bearish market. But let me remind you that this structure has its own mathematical rules. And as soon as the potential fourth wave becomes greater than 100% of the distance of the second
[03:10] wave, that is, yes, this wave is the second, as soon as we pass 100% of the distance of wave two, then we have concrete confirmation that the diagonal has formed. And now we see that the price has traveled more than
[03:24] 100% of the distance of wave 2, and has gone beyond one unit, accordingly. And therefore, we have formed the final diagonal. That is, there is confirmation of the beginning of a bear market. Let me remind you that I work with probabilities, and I plan
[03:40] I work with probabilities, and I plan my actions based on my vision of the market. And in the long run, I manage to earn a lot. However, none of us knows the future. And I, like anyone else
[03:54] certainty that a be updated. In that case, I simply won’t do anything, I won’t basically too late to buy. I bought during the previous bear market, our
[04:07] average purchase price was around 20,000. I'll just wait for the next accumulating, yes, in the event of some optimistic scenario coming to fruition, which I certainly doubt, but I'm still giving a very high probability that a
[04:21] bear market is already underway. In that case, what should we do now? Let me remind you how we formed our investment position size during the previous bear market. We started buying from around 55,000 and gradually bought back all that
[04:38] decline. Our average purchase has dropped all the way down to this. That is, she was close to the global bottom. The same can be done now, since none of us knows where the bottom will be. Now, of course, I will
[04:51] assume this based on mathematical proportions, but nevertheless, I recommend that you begin to buy back gradually using the method of averaged uniform investments and invest a small amount in bitcoins every month. However, you still
[05:06] need to spread your funds so that you have enough to invest monthly for several years, as the current bear market may last longer than the previous one. So, what goals can we aim for?
[05:21] Let me mark the Fibonacci retracement levels for the current bull market. And first I will make them based on a regular arithmetic graph. Please note that the price has now corrected the current bull market, i.e. the
[05:35] previous upward impulse, by 38%. And this is the first starting point for an can see some kind of upward updated, and it is more likely that it will not be updated, then we
[05:50] will continue the downward movement. However, there is a small chance that the price so it is better to make the first purchase right now. Our next target right now. Our next target is located at level 0618. This
[06:05] value is in the region of $60,000. You can make a second purchase there. And now I can open Fibonacci correction levels based on a logarithmic scale. Accordingly, level 0382 converges with level 0618 on the usual
[06:21] arithmetic scale - this is 60,000, and level 0.618 is, accordingly, 35,000 dollars. So the next goal is 35,000. And as a final goal we can consider updating the minimum of wave
[06:37] degree, the price in most cases goes beyond the minimum of wave four, if accordingly, the following goal can be considered here. That is, the following goal can be considered here. That is, the purchase targets are 80,000, 60,000,
[06:51] 30,000 and, accordingly, 15,000. You can either buy back by target, or simply either buy back by target, or simply use the DCA method and buy whenever the price is below or around your average purchase price
[07:05] . Now we move on to the total market capitalization of the cryptocurrency market. In my Telegram channel, I made a forecast that I see the price within the final wave of the bull market and expected a rebound from the range of 4 to 5 trillion dollars.
[07:22] We actually saw this rebound, so our scenario is being realized, and then I Let me remind you that we invested the largest volume in Bitcoin and Ethereum. And in general , the capitalization is mostly contained in Bitcoin and Ethereum. And I'm very
[07:38] glad that I was able to give you such practical advice on profit-taking. I hope you took advantage of it. Here I can note a parallel channel, note a parallel channel, respectively, for wave 2 and iche. And we
[07:51] see that the price is now breaking through, or rather has already broken through, the trend support line, so there is a high probability of further movement within the will see some kind of upward correction, a retest of broken levels, and then,
[08:07] most likely, a further decline. So, this is the overall capitalization of cryptocurrencies, but there is also the capitalization of altcoins. And the structure of altcoin capitalization looks extremely interesting. Now I'll show you. This is
[08:23] the capitalization of altcoins. And while I anticipate a further decline in overall capitalization, but before that, the formation of an upward correction, the structure of altcoin capitalization is such that the global maximum in
[08:37] altcoin capitalization is most likely to be renewed, since here, according to the rules and regulations, the structure of the final diagonal is formed . We have now almost reached the 0.18 level, that is, we have passed, a, 62% of the distance of wave 2. According to the diagonal norm
[08:52] , we will most likely bounce back from here. Perhaps even a little earlier, perhaps a little lower, at the level of 0.786. Now I'll mark it, yes, right here. But further on, based on the structure, I can assume that the global maximum will be updated. This
[09:06] discrepancy between the total cryptocurrency market cap and the altcoin market cap tells us that funds will likely flow from Bitcoin to altcoins during this upward movement on this chart
[09:21] . This means that capitalization will flow from Bitcoin to altcoins. And it is possible that this will happen during an upward correction in Bitcoin and in the overall capitalization of cryptocurrencies. That is, some individual altcoins may at this
[09:35] time realize the final waves of the regular market and fulfill our goals. Many altcoins from our green list have already met our targets, but there are still some that have not yet broken out of their current ranges. For
[09:50] example, this is the Lightcoin cryptocurrency. And perhaps, as part of the upward correction in the cryptocurrency market, we will see the realization of our growth goals. We'll talk about altcoins in the next video. There I
[10:04] will show and tell you everything in detail, I will show my portfolios and what, yes, actions I have taken and am taking. Anyway, friends, see you in the next video. Stay tuned for more information on altcoins. And if this video was useful for you, then be sure to give
[10:18] it a like and leave a comment to support it. I wish everyone all the best, profit for everyone, I love everyone, win and bye everyone. See you next time win and bye everyone. See you next time .