Bitcoin Bear Market OVER? (WHEN I AM BUYING ALTCOINS)

**SPEAKER_1** (0:00)
Buying crypto and bitcoin can be risky if you do it at the wrong time. And especially when it comes to altcoins, timing is everything. But I'm here to tell you that he who does not buy the dip does not deserve the rip. And I have a couple signals that are setting up that always tell me the perfect time to back up the truck on altcoins that are getting very near triggering. So on this video, I'm going to go over Bitcoin's general position right now. Some of the signals that are underlying on Bitcoin's price metrics that are telling me that the time to hammer in on altcoins is getting near. Now, there are many altcoins that are likely to die over the next year or two here, but there are also within that spectrum other side of the equation where altcoins are setting up strong revenue metrics. They're looking solid even in a bear market. And these are the ones that I'm interested in. I'm interested in what you're looking at as well. Also, let me know down in the comments what altcoins you're most interested in picking up. Without further ado, let's get into it. Now, Bitcoin has had a hell of a ride to the downside. It has fallen by right around 50%, 51% to be precise, from that local peak at 125K. Now, this situation is a tale of two cities. There are many people that, rightfully so, are highlighting the current structure of Bitcoin as a potential bear flag, looking at targets down in the 40K region. And that would be a very terrifying situation for many of the bear weather friends that are only here for the up only season and simply cannot imagine lower prices happening to Bitcoin. But I have some nuance within this price action that I must highlight. So, with that being said, our current situation is as follows. Bitcoin has broken down from the 96K mark where we kidnapped Maduro and saw Bitcoin play out that bear flag down to the low of $60,000.
Now, since that low of $60,000 was accomplished on Bitcoin's price, the money flow has started to look pretty juicy. We see that the money flow, if I zoom in here, is just barely peeking its little head into the green, and juice looks like it's coming back to the markets. The average person would look at this and be like, all right, it's time to back up the truck, but not so fast, sucker. We got to look at some key things that happened to Bitcoin in the last bear market, and I used these metrics to know exactly when it was time to hammer into altcoins for those nasty, nasty gains. Our current situation is as follows. We hit a negative 75 on the momentum wave. We have dual double green dots, which is absolutely delicious looking for Bitcoin.
And in the previous bear market, we actually had something very similar play out, where we had that initial momentum wave hit to the downside, print a green dot, give us a little bit of short-term hope. But the linchpin here is that moment was actually the previous bear flag that did end up playing out, cascade to the downside and hit a low of $17,200.
What followed that bear flag playing out to the downside was an even deeper momentum wave, printing a double green dot shown here. Now, what I did last bear market was wait for the flush out. And obviously I was interested in buying Bitcoin through this entire range, all the way from $25,000 down to $15,000. I was buying this entire range and don't regret it one bit. But the key here is that I was only interested in buying Bitcoin's spot during that initial phase of the bear market. When to buy altcoins is a very delicate situation. And what I did is wait for a bullish divergence to happen on the momentum waves. Wait for that secondary wave to come down on the Bitcoin momentum and print that green dot showing me a general nasty tide to the upside. Now Bitcoin's current situation is highly intriguing and rhymes very closely to the bear market of yesteryear. If you look very closely, you'll see the bear flag played out. And now we're working on a channel that is working its way back up to old school resistant spots here in the low $80,000 region. But it's not all tacos and belly dancers out here, folks. There are things happening within the altcoin sector that might be signaling a major washout for altcoins still to come. DeFi giant Aave is bleeding TVL right now. When the DeFiasko with KelpDao kicked off, Aave's TVL was sitting right at around $26 billion.