Crypto Market Trends 2023: A Comprehensive Analysis The cryptocurrency market has experienced significant growth and volatility in recent years, attracting both investors and enthusiasts alike. As we look ahead to 2023, it is crucial to understand the emerging trends that will shape the crypto landscape. In this article, we will delve into the key developments […]

I don't know about you everybody but I've been getting those bull market Vibes I the winds are changing the winds are shifting the clouds are moving I've been getting that vibe that bull market Vibe that's not to say we're in a bull market I don't think we are the chartsHaven't confirmed that just yet but I want to break down the charts right now we have been getting really nice moves across crypto this is a Bitcoin chart I'm going to look at the Bitcoin chart there's some friction on the Bitcoin chart as well as the xrp chart as wellAs the Ada chart I want talk about what I'm anticipating and how I'm seeing these things play out in the shorter term because right now we do see charts going up I want to evaluate what that friction is what what is the challenge for these cryptos for the crypto marketRight now and can these cryptos shatter through that challenge hit the Subscribe hit the like let's do this we're going to start with Bitcoin very briefly this is going to kind of apply and and and allow us to see more of a macro uh story unfolding here thenWe're going to Pivot to XR X RP this crazy breakout and play for xrp and then Ada so here's Bitcoin this is what is most crazy to me we did it everybody this Rising wedge I don't know if you've been watching my analysis for for monthsWe broke to the downside and right now in play is this busted Rising wedge I just want to point right out 47 to $48,000 Target to the upside that's that's the target that's in play I mentioned resistance this friction I want to discuss that in this video butThe reason why that Target is so key right now and there's many different things that could trigger that Target actually being hit the reason why it's key is if you look at the previous cycle the bull market High 17 to the bare Market low 18 Bitcoin Pro prior to theNext having the 2020 heav made its way to a lower high Fibonacci made its way there if you look at this this time around the bull market High to the bare Market low if Bitcoin is to make that breakout that we just discussed to that Target of 47 48,000 we're very closeWe're right at this lower end of the Fibonacci range the lower high range it would be incredible if Bitcoin can make that move but again we have the the current friction and here's where I'm evaluating this chart and this really helps apply what's going to happen inTerms of this this bullish momentum to the upside for all of crypto even if you don't hold Bitcoin so you can see this Rising wedge that we've been tracking Bitcoin made its way back to the rising wedge trend lines it it's there right now we also have this other trend lineUp just kind of above that other the white trend line we have this yellow trend line This is this area I'm looking for if Bitcoin is to put in a higher high right now it's a 36 the $37,000 area the reason why I'm looking at this higher high potential and it's actuallyAlready happening right now if you look at this chart the reason I'm looking at that is cuz we're we're seeing a very similar setup uh as to what we saw at the beginning of the the year in January when Bitcoin just cruised into overbought a really nice move theMarkets love it everybody gets bullish I'm sure people were talking about the start of the bull market then as well but gets overbought and then actually starts trending down in terms of the momentum so lower highs of momentum and then here's a higher high on price andThen we get a really big price drop right so the momentum kind of acting as just this leading indicator to show us momentum's fading be careful that's the friction that we might be running into right now you can see is putting in a higher high right now on the price chartIn between these white trend lines and this upper yellow trend line but while this is happening right now Bitcoin is all right now this could change if we get that really crazy pop of momentum bitcoin's putting in a a lower high so far right so if Bitcoin keeps goingHigher and this does not break the previous high but we're putting in a lower high we might start seeing Bitcoin fizzle out a little bit and that's just on the short to midterm that would be called retracement this happens in Bull markets I just want to say that butBitcoin is very historically overbought right now if you zoom out on the chart this type of thing doesn't happen all the time the last time it happened as we noted was January and then before that actually was in the last bull market so it's been years besides this last timeIn January that it's been this overbought we have to prepare for big drops this is what crypto does and for Bitcoin it could happen at this friction area of resistance we have uh if if say it's now say we go a little bit higher 36 37 everybody's getting really bullishThen we get this big drop what I'd be anticipating is this it's kind of becoming a confluent area of support at the $30,000 region mental area of 30,000 but we have the 20-day moving average around 31,000 just above 31 and we have these other moving averages cruising upWith it right the 50-day the 200 day right around that $28,000 region and if we go to the weekly chart that just whole area is just so key for Bitcoin right now because these are the the big weekly moving averages we want to see support at if Bitcoin does fall the 20weMoving average especially right around 29,000 so Bitcoin might might keep going I I want to track that we know the target to the upside I'll I'll do a video more about that bullish move if bitcoin's able to break this resistance area but I do want to anticipate justConsolidation I want to just keep my head in the game in terms of being realistic what crypto is going to do let's pivot to to xrp so xrp at an interesting as well because if we look at this xrp chart and the xrp chart is so intriguing to me because if you justLook and glance at the weekly chart check out xrp in terms of the the all-time high and this was 2017 2018 area all-time high the last Bitcoin or Bitcoin the last crypto bull market xrp because the situation it was in with SEC did not enjoy just that parabolic riseTo new all-time high so I'm very much enjoying tracking the these this area uh this breakout Trend story The Path whatever to Breaking the all-time high for for xrp it's only around 300 400% away and right now that setup as we shift to a new cycle for xrp will occurOn these on these midterm setups these zoomed out setups this is a weekly this this setup of consolidation that you see is couple different views of it this is the weekly and here's what it looks like on the daily on The Daily it kind of allow allows is more for I guess weCould call it a uh ascending triangle right so upper trend line is is kind of flat on the weekly it's kind of trending up a little bit right so either way these triangles we can call it a rising wedge in this one I guess we I guess weCould call it but either way the breakout Target is around the same and we're looking for a breakout Target of above a dollar imagine xrp getting above a dollar once again xrp on the daily actually breaking this upper trend line on the weekly the upper trend line onThe weekly current resistance so it's going to be very interesting to see if xrp can close this weekly candle Above This upper trend line it's right around 61 cents and right now in the daily you can see xrp already breaking that so if cryptos retrace there's a clear higherLow trend for xrp that I'll be I'll be considering and watching besides just a retracement to the upper trend line around 57 cents here on the xrp uh ascending triangle I'd be looking at this lower trend line 50 Cent so yeah a 10cent drop for xrp is in play ifThere's going to be a retracement consolidation for cryptos 20% to the downside is in play for xrp I want to see cryptos continue to go higher but I'm considering the the overbought environment that they are in right now I'm considering consolidation it doesn't have to be even 20% moves ofConsolidation it could just be sideways right before trending higher to the Target A1 15ish for xrp that's a Target that I'm watching it's just so in play considering everything that's going on I believe this was the xrp win you see all those gains being giving up given upAfter the xrp versus SEC win given up and that's I think just because this is a cycle timing issue this isn't uh hey when are these cryptos going to get this great news issue I think it's a cycle timing issue the closer we get to bitcoin having I think the leash willCome off of these cryptos let's pivot over to Ada and see what's going on on the Ada chart so this is a obviously uh a little bit different of a picture xrp you know it had its nice all-time high in the last cycle and if if we're considering how far away it isFrom that alltime high 800 to 900% I have I have complete conviction that that's going to happen that's going to be broken in this next cycle I could be wrong I think a is going to be putting in very powerful new all-time highs as value comes on chainIn this next cycle but that's what we're looking at in terms of how far away it is now we know this setup and I'm actually going to in terms of a I'm going to be digging into the hourly chart because I'm really curious on theShort term if a can manage to make to see a breakout and go a little bit higher in this move even if it's going to consolidate can it go higher first but this is uh Ada on the the weekly zoomed out the target to around 40 to 45Cents let's just call it same thing over here on the daily chart you see a picture of that balling wedge adaa right now actually as I do this video breaking Above This 200 day moving average it's a brand new daily candle I don't know how this daily candle is going to close butRight now it's actually looking pretty strong to go higher can Aid to see a breakout kind of similar to salana and the breakout we saw for salana we did a video on that yesterday how these altcoins take turns can Ada take its turn and make a breakout if it does whatDoes that look like on the short term well and then we're actually going to talk about if it fails we are going to talk about that on this shortterm chart as well but this is a post from October 25th you can just see how long theseThese things take take to play out next stop for cordano 31 cents it was 28 to 29 cents at the time and if we look at the setup let's let's actually watch this was kind of the setup I was tracking kind of an ascending triangleFor Ada it was just breaking out of the upside it actually continued to the upside it didn't hit 31 cents we could say you know it doesn't have to be perfect it hit its Target I really am evaluating that 31 Cent Target though especially because if you look atThis right now we have this new trend line forming that ADA is testing right now and it is just below 31 cents the 31 Cent area is such a key Target area of resistance of what we could call friction for Ada right now and a isThere testing just below it I mean it is just below it I posted this I don't have the post up but I posted this just a bit ago which was this this new Rising wedge that ADA kind of fell to the downside Target to the downside would be 20 7Cents or so 2728 but kind of pulled back into the wedge and now is at this upper trend line Target to the upside right around 33 cents so this is why I'm curious to see if a can get that that that burst of momentum that breakout ofMomentum and let me explain why that's important just a minute but if we go to the daily chart if we look at what this breakout could be for Ada on the daily chart to 33 cents if it were to happen it's Ada moving to this area on theDaily remember we still have this target a a way bigger Target on the zoomed out that is to say out of this falling wedge but if a is able to get to this target it allows more retracement for for Ada to the downside whether it's just to the200 day moving average whether it's to pull into the 20 and the 50-day moving averages it allows more separation from all of this area right now it allows more for more room for Ada to consolidate to the downside before potentially going higher to the 40 someCent Target and why is that important on The Daily it's important on The Daily because check out what what a is doing it's doing kind of the same thing Bitcoin is potentially doing the momentum could be fizzling and Ada didn't make a crazy crazy powerful moveFor the momentum to even be fizzling yet but it could be fizzling in a similar similar way from Bitcoin and cardano in January where we say it is breaking out it's putting in higher highs higher lows and then it Fizzles right the momentum is put in lower highs and what happensIt retraces and it retraces big right so before that happens if a is going to slow down momentum and we start putting in lower highs before it happens we want to see how high adaa can go to get the separation so it can just retrace to theDownside in a healthy way people don't realize that targets especially when we look at Targets like this pattern setting up since March these targets take a while if they're going to hit to hit and and we're talking about a lot of volatility breakouts to the upside fakeOuts we're breaking all the way back down testing key areas key trend lines the the sentiment starts kind of negative sentiment that is starts coming into play and then all a sudden there's support and then we continue to the Target to the upside and boom we're we're about to you know enter theBitcoin having right so these things take a while to track for me it's all about anticipating these moves so that I'm I'm prepared for them but very much so on the zoomed in I'm curious to see what ad can do tonight but just note there's resistance everybody there thisIs not a guaranteed breakout for Ada it could see resistance and it could make us wait longer it's what Ada does we talk about that a lot Ada just makes us wait a little bit longer uh either way I'm curious to just see how this biggerPicture uh plays out and how the adaa BTC chart plays out uh especially at this lower vicinity of this lower trend line on this long-term macro as we are kind of just hovering in this very similar area prehab as we were at this time last cycle I think a is gettingReady to do something very special we still might have a little bit of time this is actually a monthly a of BTC we still might have a little bit of time aen might wake make us wait a little bit more but these are all the things I'mTracking for these cryptos let me know your thoughts in the comments below everybody I appreciate you subscribe turn the notifications on we're getting ready for the bull everybody I'm excited content creation a little bit more exciting lately it really has been so uh join the journey everybody I appreciateJust hanging out with y'all I'll see you in the next video God bless

In this video, I dive deep into the current state of Cardano and its potential, underscoring the data and metrics that many are ...

It's for sure been a crazy awesome week for crypto bullish gains across the board a lot of people calling for the bull market in this video I'm going to break down on the macro why I disagree with that I'm going to show you where I think the bull market will start trulyThat parabolic bull market I'm going to show it to you I'm also going to dig into this Bitcoin chart because there's a very very big thing happening on the Bitcoin chart right here look at this look at these daily candles at these trend lines I want to break that downFor you I want to break down the target to the upside if Bitcoin bulls do step back in what does that look like and if they don't what does downside look like so hit the Subscribe hit the like let's just jump into the video I actually wantTo start with this tweet real quick that I I did like a few days ago I said this pump is nothing and this is while the while the pump was going it's also not the bull market and I want to explain why that is and I tweeted yesterday ISaid in one year from now the parabolic part of the crypt bull market will begin sounds like a lot of time but let me just explain my thoughts then we're going to dig into the to the Bitcoin charts and please note this chart this video it's just a road map for theEntire crypto space even if you don't hold Bitcoin what I discuss here is important to all altcoins so let's do this this is the zoomed out Bitcoin chart a lot going on there but just a couple really key things we need to take note of this is where we are this cycleAround leading into this white line the next Bitcoin having 2024 if you look at historical we're we're kind of in these red boxes right around here you go back to the cycle before that all the way back here in 2016 we're in this red box rightThere preh having what I want to make a note of is the green boxes that you see here it's bull market High to Bare Market low those green boxes as I call them if you watch my content you know the bull market doors being broken notice all the way back here 2016There's bull market doors being broken in 2017 even been tested a couple of times you can see preh having that area was tested Bitcoin comes back down and then breaks the bull market doors you go to the next cycle you see a very similar thing playing out Bitcoin tests the bullMarket doors comes all the way back down finally breaks the bull market doors post having right now we're not even close to those bull market doors we haven't even tested those bull market doors could we yes we could and if we do we will waitTo see if broken we will wait to see if there is resistance and we come all the way back down right there's a lot that can happen in this time time period before the next Bitcoin having but I maintain my view and my opinion that these bull market doors they won't beBroken until after the Bitcoin having just like we've seen in previous Cycles so it all really does start on the shorter term on these charts and what happens with these patterns and these setups especially this is a huge setup on bitcoin charts from a pattern perspective but what happens next inTerms of these cycles and bull market doors being broken it's a step-by-step thing so we have to evaluate well what what do bullish targets the upside look like what do they look like to the downside bearish targets to the downside because this could be the setup forLeading into the next having and the explosion into the bull market doors so I'm going to continue tracking these things while maintaining my view in anticipation that I could be wrong obviously but I'm going to be going to continue tracking these things uh with that macro mindset with that macroPicture at the Forefront of my mind now let's talk about Bitcoin I think what happens here could be very decisive for the short to midterm obviously meaning this let's look at the Target to the upside first and it's it's actually a very clearl looking Target for me rightNow we have this insane resistance at this this Rising wedge lower trend line that dot dotted line you all know we've been tracking this Rising wedge for a very long time Bitcoin broke to the downside Consolidated as always with these patterns we we anticipate the pullback check out the pullbackEverybody check out the the exact resistance at those trend lines that's not a coincidence and it's not because I'm amazing doing what I do it's just a a technical analysis rule that seems to play out so often and the consisten of this it boggles my mind and I've beenDoing these videos for almost six years now boggles my mind also boggles my mind how people say technical analysis doesn't work when we get these moves happening so often look at the resistance on the daily chart speaking of the resistance does that mean Bitcoin can't go higher no and a good and it'sFirst off their trend lines are a good area to wait for bullish confirmation meaning do the bulls actually step in and break those trend lines at this point consolidation makes sense doesn't immediately mean we're coming down if we look at the momentum of Bitcoin you'll notice it's it's overbought rightClean this chart up a little bit bitcoin's overbought right now does that mean Bitcoin needs to come back down on the price chart not necessarily check out Bitcoin becoming overbought all the way back here in the beginning of the year January 2023 overbought right here what's it doIt consolidates very similar to what it's doing now above all the moving averages and then goes higher check that out little bit of consolidation and then goes higher before really dipping and all along that journey of higher highs bitcoin's putting in lower highs on the RSI we might have a very similarEnvironment Bitcoin starts consolidating on the RSI as you see there speculatively while going higher the question I have in going higher is this what happens at this yellow trend line because this yellow trend line I I've been I've had it there haven't talked about it a lot but it is kind of thisLarger upper trend line area of resistance this could be the higher high area that $37 $37,000 region for Bitcoin before seeing real resistance and then coming all the way back down what does all the way back down look like two two scenarios number one from where it isRight now Bitcoin escaping these moving averages in this recent pump that we've seen it's a Swing Swing Low to swing high this Fibonacci area right below $30,000 is a key support area if Bitcoin right now is to see resistance at these trend lines come back down I'll beWatching to see what happens at the $30,000 to around $28,500 area of support that could be a higher low support area of consolidation that we see Bitcoin in that's the first area support if Bitcoin goes higher before coming back down it's very simple we take the same exact swing low and weJust bring it higher to wherever that next resistance might be and you can see the Fibonacci moves up a little bit even more confluent with that mental barrier uh that we've had at $330,000 more confluent there so now we're looking around 30,500 support to around just below$29,000 right so the support moves up a little bit and at that moment if we're getting that that pull to the downside what's happening remember we have a lot of time still time is running out the having is coming quickly but we still have all this time on this weekly chartFor consolidation right so Bitcoin could just truly come down and it could put in a higher low on the macro it could come down to the lower 20,000 what does that look like on the daily chart it means supports failing the support that we're talking about if it happens it's failingAnd bitcoin's breaking down to finally achieve the target out of the rising wedge the lower 20,000 remember break to downside the pullback is happening right now but what happens in this upper region of resistance if it fails if the Bitcoin Bulls fail and they don't get this monster breakout what's in play isThe continuation to the Target and we have time for that to play out in the coming months if we look at the macro I don't want that to happen I want bullish breakout I want Bitcoin just to fly to the Fibonacci on the macro test the bullMarket doors right now let's go test $50,000 I want that to happen but let's be realistic in in the technical analysis of it all these things play out so often Bitcoin respects the charts bitcoin price respects patterns we've seen it time and time again over theYears and all this does it's not to prepare it's not to predict it is solely to prepare it's solely to anticipate all these scenarios so that when we visualize man we could be touching the lower 20,000 early next year before finally going up and working our wayInto the bull market are you serious it's just being prepared from a portfolio perspective of mental perspective drowning out the noise but in the meantime let's evaluate well what happens if Bitcoin breaks out what happens at the key resistance higher high areas do we get a bullish confirmation anticipating the upside asWell is our Port portfolio prepared for that and that's why I do these videos this is solely how I see things how I see the charts how I see crypto right now I'm just sharing the data with you so this is what I'm watching on bitcoin and generally in crypto as a wholeAnd I would love to know your thoughts in the comments below how you're doing out there what you think in terms of these bull cycles I think we're getting there I really do but we still have a little time times to go time to go consolidation is okay it makes senseIt's what happens every cycle so let's monitor it let's see what happens hit the like your support means a lot to me I really mean that if you're not a subscriber Please Subscribe turn those notifications on and I'll see you in the next video God bless

The Future of Cryptocurrency: Price Predictions and Insights As the world becomes increasingly digital, cryptocurrencies have emerged as a revolutionary form of currency. With their decentralized nature and potential for high returns, cryptocurrencies have attracted the attention of investors and enthusiasts alike. In this article, we will explore the future of cryptocurrency and provide valuable […]