Bitcoin Holding: Altcoins Getting CRUSHED

**SPEAKER_1** (0:00)
Good morning, and welcome to Discover Crypto. A Bitcoin risk-off signal has flashed overnight in our data hub, and holy cow, it is playing out in a big, big way. We have the Clarity Act officially on hold, and many, many altcoins are now on life support after their July rally. Welcome one, welcome all to the show. We got a lot to cover on today's episode. I got a great friend joining me on the show today, Mr. Kelly Kellum, coming here from Las Vegas. How are you feeling good, sir?

**Kelly Kellum** (0:29)
You know, I was telling you this morning, I'm looking at T Max in here in the in the market, and I don't mean treasuries. I mean, getting silly in this market. And actually, I don't think it's that silly, you know, looking at the Bitcoin charts, looking at what's going on. I feel like we're coming into that time zone, that time frame that's going to be peak frustration to actually pull the trigger. But I think in months ahead, months to come, I think we're going to be seeing a lot of really good things show up in these charts. But we're going to be diving into that in a second. I'm feeling good, you're looking good.
Everybody out there, hit that like button. We're about to get into it.

**SPEAKER_1** (1:02)
Absolutely. And you know, I'm thankful for the DC data hub this morning. It gave me this report. First thing this morning of risk off. Obviously, there's a lot of chaos that happened on the markets late last night, especially in the South Korean trading session. And a sea of red has overtaken many of these altcoins, as you can see, many, many altcoins down over the past 24 hours in a pretty big way. And I have some flowers to take for myself about warning people about the BEAT token unlocks, how the market pumps up a certain project to then unlock a massive amount of liquidity. And BEAT token is now down by 32% on the 24-hour time frame.
Bitcoin fighting for its life at around $62,697, where we fell to as the trading session opened up here in the United States.
And last night, I saw a lot of fighting and struggling to defend this $63,000 mark. And we have indeed rolled over and are now searching for that liquidity below us.

**Kelly Kellum** (2:05)
Kelly, let's dive into that for just a second because I want to talk about this and we talk about this in school as well. But I think this is really important because even myself, I was I got to the point where I was like, all right, I'm ready to jump in, you know, pretty heavily with some money I've been putting on the side. And part of me wanted to just do it yesterday because I do feel confident about where it's going to be in 12 to 16 months. However, it doesn't mean it's the right exact time. So throw up my chart here. I'll show you exactly why I didn't. At the time that I was looking at this, let me actually pull up the replay. It was roughly continue.
That's not what I wanted to do.
I don't go on these charts as often anymore. Okay, let's pull it back up. Where's it?

**SPEAKER_1** (2:54)
I'm about to be pulling you back in. It's our season. That's what we're talking about before the show. It's the season of hammer time is upon us here.

**Kelly Kellum** (3:03)
So it's this right here. So looking at the chart, I was basically looking at it right here where it was starting to bounce. And I wanted to catch the bounce. But then I also remembered what was my goal? What was my strategy? Why was I making this purchase? Was it a trade or was it an investment? And I'm looking at putting in another basically longer, mid to long-term, beyond one year purchase. And so I said, okay, well, what is it signaling here over the next two or three weeks? And what I saw, and the reason why I didn't jump in, is because this is a classic pattern right here. This one, two, one, two, three, four sort of pattern with it rounding where the highs are getting less and less and less, it's rounding over. And then on this bounce, I was like, well, if I really want to get in, at least wait for the bounce and see if you get a lower high, which we did, or if you actually take this out, find support and go. And so I'm obviously very glad that I did not jump in.
I remembered my technical analysis, remembered what the patterns are saying on the chart about that momentum swing between the bulls and the bears. And the fact that this came up and honestly did not even, I mean, not a good look here. I mean, look at that, boom, right to the golden pocket. I'm glad I was patient. And now what does this mean? This means that more likely than not, this is going to take that trip. One, two, three, four, five, whether the five is down here to 60, whether it's a flush of the lows at 58 or not. Either way, this was not the setup I was looking for for a one year entry. So I do think we're getting close. So I think it's gonna be in the matter of the next probably six weeks.