Bitcoin DUMPS : Oil & Inflation Exploding

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**Nick Valdez** (0:37)
After Trump's day at the union last night, markets panicked. Bitcoin dumped after Trump's speech, losing 3%. The stock market started dumping as well. And the price of oil started surging, moving 15% in less than half a day. But I see a strong reversal coming in the charts because we've hit some key levels that we identified previously, and I think a lot of people are going to be caught off guard. So let's go ahead and start with the Bitcoin charts here. Now, this is the daily chart that we're looking at, and you can see we're still within our range. We caught the bottom here, we caught the bottom here, we hit the top here, we whipped into the tops here, still within the range, and we didn't quite dump so low as to hit the bottom of the range. Zooming in to the one hour, you can see we got pretty close. But these white lines are showing reversals. I am seeing reversals with these white lines. And I'm going to tell you at the end of the video what is making these white lines. And yes, we just made another one. We're going to dive into that data in a second. Now, back to this trend line that we rejected off of. This is what we hit March 16th. We came in to this range on March 25th. And we hit it, that last candle right there is going to be April 1st. That's going to be last evening. And they say, show me the charts. I'll show you the news. Maybe in this time it means show me the charts and I'll show you the Trump speech. Because we could actually see a reverse was going to be coming regardless of whether or not he spooked the markets. Now again, before I get into the reversal, before I reveal what I'm seeing with these white lines, I do want to look at oil. This is the four hour candles and you can see we hit really, really close to a new local high here. This we wicked up to $119 and the recent wick took us to $113. So very, very close. But let me show you this. We're going to move this parallel line down here on the bottom. So you can see we tagged it here and you could probably even really run it out further. But I just want to show you this.
Look at that, look at that oil coming in to this bottom range. You move it up to a parallel range and then we reject it here. Bounce, bounce. We just reject it again. Now we can go to the one hour and see this was only two, three, four, five hours ago. So you're getting everybody is going super bullish on oil. I'm seeing people saying we're going to $150. We're going to go here. We're going to go there. I just am still seeing a little bit of bearish pressure here on oil and the fact that we rejected so cleanly up this parallel range. Makes me think that we're more than likely going to revisit at least the midpoint of this parallel range. Now, if that happens tomorrow, that means oil is going to drop back down to about $103. Right now it's trading around 110 And in case you're wondering, what is this white line on the top? You go to the weekly, you see why. This is catching the top all the way at 2008 This is the 22 run up in June. This is from Ukraine and Russia. And you can see what Iran has done to oil's price lately. So when people are just quickly saying, oil's going to 150, oil's going to $200, there's a lot of speed bumps ahead of us folks. So I'm just warning you, warning you, we might be heading a lot lower pretty soon. Now let me show you two quick stocks before I show you what these lines mean. First is Microsoft. I'm looking at three things. So first the 37%. We're just going to this local peak right here. This is November of 2021 This was the all-time high at the time, and it would fall about 37%. So Nike fell about 37%. And if you look just recently, well, what have we've done? Well, what do you know? We've fallen about 37%.