RIGHT NOW, THE BIGGEST THREAT TO BITCOIN & CRYPTO INVESTORS | ALTSEASON OVER?

RIGHT NOW, THE BIGGEST THREAT TO BITCOIN & CRYPTO INVESTORS | ALTSEASON OVER?

In today's , we talk about the largest threat to bitcoin and crypto investors right now, as well as why altseason may be over for the time being and how to protect your money in these choppy market conditions.

#ethereum #bitcoin #altcoins

THE BIGGEST THREAT TO BITCOIN & CRYPTO INVESTORS

I'm Ashish, and I'm here to help you with your hopes.a free cryptocurrency update

The biggest threat to crypto and bitcoin investors, and alt season, which I believe is over for the time being. I'm sure it doesn't come as a surprise or shock to those of you who have been following the market for the last few weeks or months, but we need to cancel it, and I'll show you why in just a moment.

Let's take a look at what we've been tracking here, the 50 level, and you can see how important it has been as we've been tracking around it for the last three to four days, little under uh reasonable close above a close almost dead on dead-on again, and now we're just dropping, so overall we still don't have a clear signal yet, and this is what we've been talking about over the last few days.

In terms of consolidating, especially through these periods of the tops and this rundown, I'm testing that against their bitcoin pairings, but also the bitcoin dominance chart, where we've just seen the biggest run-up against the alts in the bitcoin dominance chart since the breakdown.

That simply means that in a time of panic, there is more strength returning to bitcoin, and that's one strategy that I've adopted when it comes to basically protecting my position and profits, even though I believe the whole crypto market is going to be a long-term bull trend, which I'm sure you've heard many times before, but in the meanwhile.

I don't mind holding eth, but in terms of the pattern, I can afford to sell some eats into bitcoin to protect my profits and have more bitcoin come time of the next altcoin season, so alt I see them as dropping and if I want to basically have more ammo next time

The way I see it, bitcoin appears to be stabilising. That's not to say it can't go lower, but in terms of its price where it is, it's not breaking down past its flash crash low, so if you need a bit of an idea of how to gauge strength, look for the flash crash low that's on the uh the 19th of may that's for the 8th btc chart

That low is definitely weaker than other markets, but bitcoin is now holding up above it, however if I go to something like seoul solana, you can see that solana is broken and has broken down through its flash crash low, so this is considerably weaker. This isn't to say we can't bounce back; it's simply that we're using the data we have now to get a better understanding of what might happen and make a decision now. So, though Celina is something I adore, I believe there will still be significant advancements in the project; I was imagining a Solana summer a soul.

Last month, whatever the hell the old saying was, and yes, I was on board with it, I'm seeing Solana begin to break down. It's broken down past its sole btc pair and into this range, which was the range that I was accumulating to get a run up, and so this allows me to now protect my profits or, in this case, break even on the bitcoin pairing, and I can use that ammo

Then some of the other projects that should be working with the majors, like layer twos and d fires, start to run as well, and then we go through a few other phases, like we saw with nfts and it's probably going to be different the next time around, and then the crazy stuff comes, like dogecoins, meme coins, and ponzi schemes, and everyone thinks they're all fantastic,

I still want to play the market in case bitcoin starts to move again and I have bitcoin rather than just sitting in fiat and hoping the market goes down even further, so this is my way of being wrong but still protecting the profits and being right in that sense. As a trader or investor, you can be wrong and still make money as long as you're there to trade or invest.

Come through another crypt I'd want to look at that has a similar pattern to this that I'm finding break down it's a very popular one it's matic is getting very close to breaking down through its flash crash low this is an important thing to remember because we saw bitcoin and it's probably going to do it right now while we're on stream with you.

This was one of them with matic. I just cleared out I saw this breakdown this is the btc chart so I want to be able to protect what btc I have it's broken down it was crushed on the 19th this was on the um the flash crash day where it actually ran up pretty hard during the flash crash or just before or just after it basically it's on the same day it hit a new all-time high when the rest of the market was down I want to be able to protect what btc

to try to protect their profits, and this is a major threat to new investors: they'll want to protect themselves and everything's already crashed, so you've crashed through your profits in ada or eath or whatever it is you're holding, and then you look for the next thing that's already up, and everyone floods to that thing that's still up, and you're now starting from a higher position.

That's a major issue that new people have, and I remember going through it myself. You're like, "What can I do next to protect it?" You're like, "If I stick with something that's up or moving up maybe I'll have a little bit more," but unfortunately it seldom works out that way, and we've just seen matic go very close at a dollar three now, so three four, and now it's three nine, so I suspect it's going to happen

The saving grace here is that we're above our btc highs, so this was the breakout the btc uh 13th of may we broke through those highs we also had another call here of a breakout on this fifth sixth if I look at the usd chart the fifth was the breakout here and then this was the dollar breakout through here on the sixth so about 1.5.

I was looking at roughly 50, give or take a tiny bit. Maybe that's the low evader because it hasn't come anywhere near its flash crash low so maybe i'm taking profits too early preempting it whatever it is you should know by now that you can't get these things exactly right but you can take measures to protect profits and then have some fun.

The altcoins are starting to drag, as we can see with ada. Each btc is at a peak and it's just breaking down from its low, so maybe it comes back a little bit further. It has peaked out at resistance point, so there's another good sign of a price cluster where we'd get some resistance and then that potentia. Even with that, bitcoin is still able to maintain its dominance over altcoins.

More money is flowing out of the altcoins these are just some of the scenarios that I would be playing out with your own plan or at least hoping you're doing it prior because I just basically because you can see the altcoin cycle repeating or at least that's my view because that's why you're here you're on the channel listening to my view now another big problem that I see for bi is that there's a lot of money flowing out of the altcoins.

which may become resistance around this 44k maybe we even test somewhere around 48 to 50k I think it's a little far off and I might be a little greedy on that point but at least we have these support and resistance levels which we can potentially see the market come back to and at least the first one is around so that 42 to 44 area if that happens and we have a pullback from there

We're still in the mid 30ks after a big drop on big volume looks like we're perhaps consolidating here just playing out some scenarios looking to protect some of the profits that we've made in our old coins personally, I think all coins are over now. I think all of the fun and excitement has been swept up and it's going to stay that way.

safeguard the profits Put them into bitcoin should bitcoin rise good we'll get some more on the bitcoin value and the alts will probably keep down so that continues to compound our effect later on when alt season comes around again now the last thing I want to look at is the time frames with a potential sideways bear market downtrend whatever it is i've mentioned it many times before on other videos

So that's the first range, which we can call about 60 odd weeks. To do that one week now in terms of a week pricing, we're there to there, so it's about 57 weeks half of it gives us about 29 weeks 28 weeks something like that, so I'm looking at a halfway point because I use the halfway point when it comes to price this is just gan theory and we're just going to measure halfway from the april

Will contemplate a turn; perhaps that's how long it takes to return to the all-time high; not sure yet; but at the at least, I have a time frame in mind to expect a sideways period or a decline that's below the all-time high; the other alternative is to expect a sideways period or a downtrend that's underneath the all-time high. Yes, we'd be able to v- Great recovery out of this thing bounce right out of here climb to a new all-time high maybe a small pullback and we're back in business. That is unquestionably an option. We've seen it happen on the stock markets after the 2008 crash, but I believe it'll be a little bit different this time. I don't believe it'll play out like way because we saw that back in March of 2020 with a dip and then a rebound.

recuperation in the shape of a v That's a v right there, so maybe it'll be a little bit different this time. It'll rhyme, but I don't think it'll play out exactly the same. So I'm just keeping all of these in mind and basically positioning myself in the best way I feel is the right way now so that I'm ready to go for the next bitcoin bull run and the next old season, knowing about the four phases of an alt season and btc.

So that's what I've got for you guys today looking at the major threats to us as investors it's getting swept up in a potential bull trap as the market rises up everyone gets excited again and then dumps on us really pay attention to that over the next few days to a few weeks and also what i'm doing in terms of old coin season potentially being over called short that's how i'm protecting myself.

Stick around in the bull market because these are the times when money is made. Most people weren't in the market when the market was down at these times, so if you have to wait three months or six months to get much better entries.

You'll do very well in this game with patience, and it doesn't have to be that lengthy all right, i'll wrap it up there, but it doesn't even have to be patience like in the property market, where you need seven or eight years, this is patience in months to a few years, it's nothing like the traditional market, so enjoy the trip, I hope you discovered some value. Hit the like button below, and I'll see you on Twitter and Instagram. There's also a free newsletter link down below, where you can sign up to learn about crypto investment and property cycles once every two weeks.