Bitcoin WAKE UP CALL – Surprise COMING
Bitcoin Surprise Move: Clues from the Legendary Gaussian Channel
In this video, Steve discusses how Bitcoin is about to have a surprise move and how the answers are secretly hidden inside the legendary gaussian channel. He explains that Bitcoin is currently battling the top of this gaussian channel and provides clues on what might happen next.
The Gaussian Channel
- The gaussian channel has three components: the top of the channel, the median line (middle of the channel), and the bottom of the channel.
- There are two colors in this chart - green and red.
- The weekly chart is used to look at a specific fractal pattern that we're in right now.
- As we stand right now, Bitcoin is holding incredibly strong resistance to the top of this channel.
Fractal Pattern
- When we changed from green to red, Bitcoin bottomed within one month precisely as it did in 2015 and 2018.
- We had our market cycle bottom one bottom two from bottom two rallying up to the top which was legendary.
- The fractal pattern of 2015 is remarkable and has so many secrets.
Market Cycle Bottom
- We had our breakthrough candle back then which led us into our rally all-time high.
- Currently, we have resistance at 30k and support at 26k. Something's got to give!
Conclusion
Steve concludes by saying that something big is going to happen with Bitcoin soon. He emphasizes that understanding past cycles can help us gain knowledge about what comes next. Finally, he encourages viewers to respect where respect is due when it comes to analyzing charts like these using tools such as gaussian channels.
Overall, Steve's analysis suggests that there may be a surprise move coming for Bitcoin, and that the gaussian channel may hold the key to understanding what happens next.
Bitcoin Market Structure Analysis
In this section, the speaker discusses the market structure of Bitcoin and how it has evolved over time.
Evolution of Market Structure
- Bitcoin's market structure started to take shape after breaking through resistance on November 30th, 2015.
- The market structure built during phase one of the bull run became the support zone for the next phase.
- Bitcoin had a break-through candle on March 20th, 2021 and spent six candles inside with resistance coming in at around 30k.
- Bitcoin came out of the bear market with a rally of over 100% from its cycle bottom to its top.
Importance of Building Market Structure
- To define a successful bull run, it is critical to build market structure that can sustain growth.
- Phase one of the bull run lacked proper market structure which led to an unsustainable rally and eventual collapse.
Predictions for Future Market Structure
- The speaker predicts that in the coming weeks to months, Bitcoin will start to hold support on top of its current channel at around 30k.
- A major clue about when this move will happen will be shared in the next video.
Bitcoin Support at 30k
In this section, the speaker discusses how Bitcoin holding support at 30k will be the final straw for the bears and turn them into bulls. He explains that Bitcoin has held critical support at this level for years and breaking through it was a determining factor in the current market conditions.
Importance of Holding Support
- Bitcoin has held critical support at 29-30k for years.
- Breaking through this support was a determining factor in current market conditions.
- Once Bitcoin confirms this as support again, there will be no denying the bull run.
Belief is Key to Success
The speaker talks about how belief is key to success and how it can help people achieve their dreams. He distinguishes between dreamers and doers and emphasizes that belief is what separates them.
Dreamers vs Doers
- There are two types of people in the world - dreamers and doers.
- Dreamers talk about changing their lives but don't take action.
- Doers believe in themselves unequivocally and take action to achieve their goals.
The Power of Belief
- Belief is the only thing standing between dreamers and doers.
- If you believe your dream will happen without a doubt, it will happen.
- Life comes down to one word - belief.
Overcoming Struggles with Belief
The speaker shares his personal story of growing up with financial struggles and how he overcame them by believing in himself. He emphasizes that belief is crucial for anyone looking to change their life circumstances.
Personal Story
- Speaker grew up with financial struggles, including welfare and parents who dropped out of high school.
- He went from this to where he is now by believing in himself and taking action.
The Importance of Belief
- Belief is crucial for anyone looking to change their life circumstances.
- You have to believe even when the whole world, including your loved ones, doubts you.
- The day you stop being a dreamer is the day you truly believe in yourself.
When to Buy and Sell
In this section, the speaker talks about knowing when to buy and sell.
Understanding Market Trends
- The speaker emphasizes the importance of understanding market trends before buying or selling.
- It is important to look at both short-term and long-term trends.
- The speaker suggests using technical analysis tools to identify trends.
Knowing When to Buy
- The speaker suggests buying when the market is in a dip or correction.
- It is important to have a plan for when to buy, based on your own research and analysis.
Knowing When to Sell
- The speaker suggests selling when the market is in an uptrend or rally.
- It is important to have a plan for when to sell, based on your own research and analysis.
- The speaker also suggests setting stop-loss orders as a way of limiting losses.