Bitcoin Looks Ready To PUMP

**Nick Valdez** (0:00)
This is Discover Crypto. Thank you for joining on this very special episode. We're traveling to Vegas later on today. So we're going to be jumping into the charts, going to be a little bit shorter than normal, but I got some great charts to show you. There is something in the Bitcoin chart that is incredibly bullish. And we're not talking about Michael Saylor buying. I'm talking about this moving average, crossing over this different moving average. And I'm going to tell you what happens when the red line passes over the day, the teal line here. And this is the daily chart on Bitcoin that we're looking at. This happens very infrequently. You might see this once every year or two, and we're about to do it right now. And I could go back in history and show you what happens every single time. And let's just say it is going to be a major move. Go ahead and smash that like button. Like we said, I'm about to be heading to the airport in a little bit, and we're going to be traveling to Vegas, everybody. But if you got a couple altcoins you want me to look at, just go ahead and let me know. And I might go ahead and just make sure the thumbnails is correct and everything. Been a while. All right. Looks like we're good. So let's go ahead and jump into the Bitcoin chart. Now, this is the area that I'm talking about. Looking at the parallel range, we rejected off the same area we've been stuck in. Let's go ahead and measure this. We've been stuck in this range for 81 days at this point. We've been giving you the levels where we're going to bounce. We've been giving you the levels where we're going to reject. But let me tell you what this red line passing this teal line means. In one second, I do want to look at the rest of the crypto market here. Let me go ahead and change the camera there. Let's hit refresh. Bitcoin down, down 0.4 percent. ETH down 0.7 percent. We're going to be looking at the ETH charts. I got an update on our calls right here. There were a couple of movers. Stable was up. Yeah, Stable's up. Pengu is up. NFTs are back on the menu, boys. The Pudgey Penguins is up and the Board Apes is up. I still have my Mutant Ape. I mean, maybe if it pumps really, really high, I'll definitely sell it into a pump. And we got Hyperliquid looking pretty good. Maybe we'll look at the hype charts. Memecoin down. Trump down. Athena down. Algorand down. Arbitrum and Ondo all down. Dump, dump, dump, dump, dump is what people are saying here. Now, there was some news with Bitcoin before we get into the Bitcoin chart and look at some altcoins. Michael Saylor is about to do a mega purchase, folks. We don't know how large this is, but we do know that's a juicy orange circle. So this is sized not by dollars, but by Bitcoin. And so I didn't have quite enough time. If I would have done a normal show, I probably would have looked up what this size was or this number of Bitcoin because I'll say this orange circle pretty similar to this orange circle as far as size goes. And if you look a little closely, this looks like the biggest purchase he's had since this area right here. And so we're talking about a major purchase of Bitcoin is going to be probably announced sometime in the next two hours. Normally, post those around 10 a.m. Right now, it's about 8 a.m. Eastern Standard Time. All right, let's get back into some charts here. Before I show you the Bitcoin chart, there's a couple charts I want to show. S&P 500 getting above this range. This range has been stuck in since 2020
You can go all the way back to the COVID lows where it caught the bottom. You can see the tariff tantrum even more recently, and you see a couple down moves right there after 2022 January, you can see just a lot of indices were down, and it goes all the way back here to, I said COVID 2017 And so this is a 10 year parallel range, almost, nine years here. Look, we are trying to break above here. So this could be very bullish, but last time we were above it, we were above it for two days, and it didn't end up doing anything. We actually came back down to the midway point right there. We're seeing a nice little pop on a few indices, and that's because oil is down. The daily range here, you can see, put in a lower range than we put in Friday. We started right here on Friday, wicked all the way down here, closed right here on Friday. But if you go into the wee hours right here, Monday, this is gonna be Sunday at midnight, Sunday evening, and right here, you can see when the market's open. So we opened a little bit higher than Sunday, but then started to pull back, and now we're starting to pull back even more. Stock market's gonna love if oil keeps crashing, ant crashing if it keeps falling, and Bitcoin's gonna love it if it keeps falling. Now, after this, we'll look at the Bitcoin chart. But first, let's update ourselves on the ETH chart, on the ETH ranges. Thank you for the early show. Hey, appreciate it. I'm gonna be traveling, but I'd go to the Atlanta airport amid the TSA kerfuffles. And so that ought to be, just smash the like button for me, because I have to go to Atlanta's Heartfield International. It's gonna be a tough time. All right, so we talked about ETH. We said, there's a pump in the cards. There is a pump trying to happen, but we gotta turn three resistances into support. Then it's gonna be party time. Right now, we're just in the parallel range. The three instances that we gotta flip here, 2400, 100 day, the parallel range here. Where are we at on the 100 day?