BIG Bitcoin DUMP INCOMING? (Fed Insider Moves EXPOSED!)

Drew (0:00)

Bitcoin no rise, price go down this morning. Bitcoin is feeling like it's falling off of a cliff. We had some disturbance in the crypto force late last night. I'm gonna tell you exactly what just happened last night, but a lot has transpired, and a huge congratulations to everyone that waited to buy the generational bottom for Bitcoin today instead of FOMO-ing in. Post from Crypto Zombie, friend of the channel, Absolute Savage, and you know what? It's a wonderful day. I'm gonna be doing a lot of live crypto shopping today, and I forgot my coffee on my grill as I was getting the children ready for school, so I'm just gonna scoop a little bit of pre-workout into the cup here. Real quick, not a biggie.

Kelly (0:45)

Is that what that is?

Drew (0:46)

Yeah, a little bit. How you doing, Kelly? How you doing?

Kelly (0:50)

Just blasting some creatine?

Drew (0:52)

Yeah.

Kelly (0:53)

I'm doing good, man. You know, some people are out there in a tizzy right now because their birthstones and the astrological charts are just not singing what they thought was gonna happen, and we don't know what's going on because the musical notes are sick. I'm not gonna get into it. But there are still things that are great in the market, a couple major support points which were nowhere near. In fact, actually, you showed that chart breaking down. I actually want to just really highlight something here. Everybody, let's pull this up.

This is not the chart I wanted to show.

This is a chart right here. This right here. This is what Bitcoin is doing right now, right? Well, here's the same chart. This is the one-day chart. The same chart on the three-month. Does it look like a crash? Does it feel like a crash? No, this is a general pullback. And so, again, if we wanna just zoom out on those and look side-by-side, you notice, this is the same chart. Look at the price amount. This is the same chart on two different timeframes. This is why you gotta zoom out. And remember, even though I'm saying that this really isn't a crash, I'm not saying we can't pull back a little bit. And I've talked about this quite a bit. We're gonna get into a lot more of these charts in a bit. But I've talked about the 71 to $73,000 zone. This would be what would be really scary to people, but I would be jumping over a candlestick, trying to find more capital to buy at these levels if we got that pullback. But I'm feeling good.

I'm actually heading out to Maui tomorrow for my grandfather's funeral. What? They're doing a flyover for him and everything, because he's one of the last of the greatest generation.

Drew (2:29)

Okay. That sounds like a very, very important thing to do, Kelly. Good on you for doing that. And I'm feeling good about what's going on today in the markets, because I literally put the game plan for what's happening today in school late last night. And you know what? It played out to a T. We had a red dot on the daily for Bitcoin. Altcoin RSI was seeing a bit of regression here. So this is basically the bump and run plan. I noticed that we had broken the trend line on Bitcoin that it's been riding up, ran into that resistance point at 87k three times in a row, and now had printed the red dot on the momentum wave signaling. We were at least going to go test this $83,900 level. And by God, did we do it. The other part about this is the altcoin sector. How much pain and how much of a bump and run can I be looking for in this altcoin sector? Because as I said earlier, I'm going to be live shopping for magic internet money today. So what caused the crash? Why did Bitcoin dump? We're going to take a look at that. We had liquidations jumped to about a half a billion dollars. Oil rallied, hits the crypto market. Bitcoin fell below that $84,000 market, actually fell into the $82,900 realm. Optimism down 10%.

Mantle down 9%.

Arbitrum down 7%.

Arbitrum? I want to actually map out that Arbitrum chart today, seeing this tasty dip take place. Liquidations have been absolutely fierce this morning. We watched the washout at $83,100 very cleanly. Let's do a quick refresh, just for everyone in the trades here. So a lot of washout to the downside has now occurred. And in general, let's kind of hang on the Bitcoin chart, because I got other driving factors for what caused this drawdown, which from local high to low, it's about a 3% drawdown. Feels like the end of the world, but really, we're just at the bottom end of this trading range that we've been in for quite some time. This bump and run type situation that I've been hoping for, talking about for quite some time, even over the course of the last few weeks while we're feeling bullish, in my mind's eye, and I want to get your opinion on this too, Kelly, because I like us looking at this chart from two different perspectives and two different sets of information, but I was hoping and seeing if we can get a washout down to $77.50 on Bitcoin's price to go tap this volume node that's right below us and basically just set up a structure of a staircase to heaven walking towards this next bull market. What is your take and what kind of things are you seeing on the Bitcoin chart right now, man?