NEW BITCOIN LOW INCOMING!? (The End is NEAR)

Drew (0:02)

Welcome in to Discover Crypto, where the world's on fire. And we have Black Friday Early here in the crypto markets. My god, man, what is the pain? And we have a crazy, crazy, crazy market open. It's been a fast moving morning. Thankfully, I'm surrounded by friends. Mr. Kelly Kellum, how are you doing good, sir? Are you ready to buy this dip? Or how far do you think we're willing to go? But first, how are you doing?

Kelly Kellum (0:27)

Man, you know what? I'm doing good. I mean, when we're looking at everything going on here, I mean, it's just, it's red, it's dead, it's done. Yet, I think we're actually getting into the most exciting part of the market, and it's frustrating to hear that. But I'm feeling good because of this. We're going into the holiday season. It sucks to see your portfolio value go down when you're staring at it in the moment. But when you step back from wanting it now and realizing it's all a set up for later, I couldn't be, I don't want to say more excited because obviously, it's so much better vibes when the market is just pumping.

But let's be honest. Let's all tap back into August 18th. Let's tap back into September 10th, anytime post August 18th before the beginning of October, when everybody was saying, I wish I bought more.

Where is that sentiment now? Where you got the opportunity? So X marks the spot, baby. I'm a buyer here. I think we got some really key levels. We're going to be breaking down today some very important charts. Everybody lock in, hit the like button, hit that subscribe button, ding the bell, and we're about to dive into this.

Drew (1:37)

Let's get into it. I titled this video, was Ben Callen right? Or new Bitcoin low incoming, was he right? This is what's on my mind. A lot of fear, uncertainty, and people looking for new lows, and you'd think that Bitcoin, Satoshi Nakamoto slept with three women as well, because we are down by 4.2%.

Kelly Kellum (1:55)

Hold on a second.

Drew (1:55)

He just shared Bart.

Kelly Kellum (1:57)

You just shared Bart. And you know what I saw last night, which was like confoundingly like what? You know all the different Homer Simpson prediction, that Simpson's predictions that have come true over the years?

Drew (2:07)

Yeah.

Kelly Kellum (2:08)

Well, there's another prediction that was in one of their episodes several years back, around November 17th, and it had to do with blackouts, and it had to do with, and it's funny when you look at what's going on right now with all this like you need to stock up for three days or 30 days if you're a base, 90 days, and there's been power outages like the Bengals football game, and there's been different power outages in Arizona. So are the Simpsons about to a Bart Simpson pattern the entire economy globally? I don't know, but I got a bug out bag ready.

I'm good to go.

Drew (2:42)

Well, they are testing the national emergency system on the 17th of November this month, so that's great. Thanks for coinciding. Well, literally, that's actually happening. So Bitcoin is down by 4.3%, Kelly. We broke into the $67,000 range overnight, 6-7. You know, Ethereum also down by 3.9. Now 4%. Things are moving quickly as this market is opening up. Solana in the 70s. My god, man. Hyperliquid holding up pretty good. Up 2.8% on the day. Zcash still in limbo around the $920 mark. Chainlink feeling the pain in the $9 region. And Cardano, I have, I mean, I don't know who is, the Cardano situation with Charles Hoskinson, I am going to talk about today. I am going to talk about the Charles Hoskinson conversation.

There's a basket of alts, and I'm still absolutely willing to buy it. And honestly, we're not doing too bad. Like, Nears, still around $3.45. You know, Avalanche, still above $8, thankfully. Canton Network, just sitting here, stuck at $0.08 for some reason, $0.08 or $0.09.

There's a lot to discuss on today's video.

And, you know, here's a crazy idea. Hear me out.

One green weekly candle, okay? That's all we're looking for. It's just one green weekly candle on Easter.

Kelly Kellum (4:04)

That's not what we're looking for. We all want 27 green weekly candles in a row, but give me one!

Drew (4:10)

Well, I gotta take what I can get right now, man. I had a video I just got done filming and was doing some slight editing, obviously, to kind of fix up my editing process, as some of the hardcore viewers know what I'm dealing with there. But Bitcoin's momentum gauge is now turned red. Could send prices back below $60,000. Say it ain't so. Now, this was a very interesting note that I came across this morning on Bitcoin's larger price action here. Now, obviously, price is red, chart is red, number go down, right? But we came right down to this macro point of control at $67,000, and are finding that midterm buoyancy point. But the problem here that I'm seeing over the next few months is, my goodness, we went back into the red on the MACD, on the weekly timeframe, and the moving averages have crossed over each other. In tonight's video, I'm going to be discussing, I basically compiled all of the information of post-midterm election, the drawdown that happens to Bitcoin. We have Federal Reserve interest rate hikes on the precipice over the course of December. It's very likely there's going to be a hike. And every single one of these midterm elections has ended up with a drawdown. So I took all the data of those drawdowns, as well as the market cap size differences, compiled all that information into one concise expectation on where Bitcoin is likely to fall. But I am interested in your opinion on this, Kelly, because obviously history, it can rhyme, but it never exactly repeats, right?