This Bitcoin Relief Rally Will Destroy Investors!

**Ran** (0:01)
Today, we're getting a little bit of a Bitcoin relief bounce. We're at 63,554, and some of the altcoin bubbles are green. I'm worried that this relief bounce is actually gonna wreck a lot of investors, and I'm gonna show you exactly why on the show today. I mean, if you do look at last week, and I wanna show you what last week actually looked like, it was actually a momentous week for the Bitcoin market. Why? If you look at the line over here, we touched the 200 week moving average, which is a key level in the Bitcoin bear market. Let me make sure to show you that line over here. So here's that line. You can see we actually touched that key level over here, which is the 200 week moving average. We also did put in a lower low, and that's why a lot of people are calling for a, they're calling this the end of the bull market, and they're calling this bounce like the lows that we've been at. And there is a possibility of that, but I think that there's more probability that we're gonna go down. And if you start trading this, if you start buying this bounce as the bottom, then I think you may actually get wrecked. That's what I wanna talk about in the show today. Everyone's looking at this relief bounce. Is this a relief bounce? Is this the end of the pain? Let me know what you think in the comments. Let's get the show on the road, guys.
YouTube playing games that are stalling our stream. We're back and we're here and we're bringing you crypto love and crypto wisdom. We're gonna talk about this Relief Balance, I'm also gonna talk about what happened on the NASDAQ and the little wobbles that we're getting on the AI bubble. So I think it's gonna be a cool Monday show, big, big, big Monday show. Did you guys see the Cospi this week? Did you see the Korean stock market this morning? Down 8% at some point. Everyone thought like, wow, Black Monday, Black Monday, Black Monday. We're gonna talk about this Black Monday thing as well. On Friday, we left here and everyone was thinking that it could have been a Black Monday. And here we are on Monday, which and the Monday is actually not so Black. So if you look at the at the Nasdaq, actually it's a Green Monday. We are up 2% on the Nasdaq. That's after on Friday, we had the Nasdaq down.
We had the Nasdaq down 4.5%. That Nasdaq moving down on Friday was what they called a, yeah, I have a chair for you. It was called a, I must find for you. It's called a 3.3 Sigma event, which is the equivalent of one in 2,300 trading days on the Nasdaq. So Friday was absolutely brutal on the Nasdaq. We'll talk about why Friday was absolutely so brutal. But more importantly, let's actually talk about what happened to Bitcoin. If you're new to the channel and you're not already subscribed to the channel, do me a favor, subscribe to the channel. It really helps us, the more subscribers we have, the bigger guests we can bring you, et cetera. Also, if you haven't already liked this video, see there's like 300 people here, and there are 40 likes, so just smash the like button.
I'm going to have some water while YouTube rebuffers our stream. Anyway, let's get into... I feel like I've got something...
Let's get into the meat and potatoes of today's show, and that is this balance that we're currently having on Bitcoin. At the end or at the low on Friday, we actually got to just under 60,000. And that 60,000 not only did it break the key 60,000 level that we are speaking about, but if you draw a line directly from that 60,000 level over here or 59,000, you can see that we actually put in a lower low. And the significance of actually putting in... Here you can actually see it here. The significance of actually putting in a lower low is that generally when you bottom or when you get to the bottom of any kind of bear market, what you do is you look for one sign and that is what you actually come down and sweep the lows. You see that we sweep the lows there. We were there and we sweep the lows. You can also see it like... I mean, you can see all of these patterns, but ultimately when you're looking for bottom, ultimately you want to come down and sweep the lows. And technically, theoretically, you can say, well, you know, Bitcoin did actually sweep the low, but I'm not convinced that that's enough to sweep the lows. Yes, on the charts, that is a lower low. And now we are bouncing and you can see the bounce. You can actually see the bounce on those coins as well. You can also see that we tapped the 200-week moving average. Now, the reason why that 200-week moving average is such a significant level. If you look at bear markets previous to the 2022 market, you can see that the 200-week moving average actually served as a level which Bitcoin generally didn't go under. We touched under it when we went to COVID. This is the COVID correction, right? And then only in the last bear market did we actually start really going under the 200-week moving average. In the last bear market, which is the fractal that we are very much starting to follow right now, what you can see is that we touched the 200-day moving average. I'll actually show you. It's a beautiful chart. So what you look for here, let me just actually refresh that chart. I'll make it a lot easier for us.