BITCOIN & ALTCOIN CRASH! IS IT OVER FOR CRYPTO?

needless to say, it is bloody out there today. Bitcoin crash and of course all coins are following. And Bitcoin went below eighty thousand dollars. Is flash crashed down to seventy five k, you know, essentially retesting that support of back in April of twenty twenty five. Now, overall the structures still intact. We're looking at the daily chart here of higher highs and highre lows. But keep it real

with you, guys. If this thing goes down further, then that thesis is invalidated, right, and we're gonna have to go back to the drawing board. But this is where we often have to wait for the market to show us what it wants to do, because we don't have a crystal ball. We're just going to use the data and look at the different scenarios and look at which one has the higher probability of playing out. A good sign is that Bitcoin on the daily chart is extremely

over sold. The RSI is below thirty. That's textbook, right, That is not feelings and motions or opium. That is simply textbook. You go look it up on the charts and study that. You will see the same thing I'm showing you here. Even on the weekly chart, we are approaching that over soul zone. So a bottom is forming here and we're gonna have to wait and see how long takes the form the bottom, because that could play

out over weeks right before we bounce. But when you have this type of setup plus extreme fear plus the whyke off accumulation model we've been tracking for the past four weeks, we see that a spring is coming. The RSI is validating that the bottom is very close to being in, and again the sentiment is in extreme fear.

Where these are condition conducive to a reversal. Right, markets are cyclical, they don't go down forever, and things along those lines, And even the two week RSI is now approaching the zone where all major cycle bottoms have been found. And when you zoom in on a weekly chart, RSI,

you're seeing we're at the levels. We're very near the levels of the FTX collapse of November December twenty twenty two and December twenty eighteen when bitcoin went down to three k and those were the bottoms, right, and then we saw a reversal. Now, did it happen overnight, No, of course not. It played out over weeks and that led to rallies. So I expect a rally for bitcoin, some sort of reversal. The question is is it simply just a relief rally that does not go to new

highs and it rolls over and we go lower. Right, That's possible. So I'm giving you the bear scenario or the bullet scenario of we bounce and continue to go higher because again that higher low structure is still intact. Now, like I said, let's see what happens. Maybe gets invalidated, right, and then we're gonna have to say, yeah, that's it. Then. Look, I've been I remember tweeting about this. I think it was about a month ago. I said, if this is the top of the market and we don't get crypto

market structure bill passed, then we got bamboozled. And this is gonna be a bad reflection on Trump because he, you know, obviously launched a meme coin, a bunch of crypto projects, and this is what we get, right. So it might have been better that we stayed under against her and these things, because at least the market was moving and we were, you know, still making new highs in those things. But we shall see how it plays out, and let's see what the week brings us. But it's

pretty tough. You know. There are people out there saying, look, we're going lower here Peter Brandt and I look, I know he's shorting. I know his tweets. You know, he's saying, next stop is fifty eighth street. The conductor of will be coming through the trained collecting tickets to make sure you're on the right train to Choo bigcoin. So done with silver, it is yesterday's story. So he's saying fifty eight thousand is next. Could he be right? It's possible,

but it doesn't mean he is. So again, it's about probabilities here and we shall see how it plays out. Now, many of you know, gold and silver are breaking down significantly. I think they may have hit their top, if not a local top. So we shall see. Even the stock market is showing some weakness here, look at the NASDA gets in the red. So it's the SMP five hundred. So we're going to have to watch and see how the stock market is performing because you know, usually crypto

follows the same direction as the stock market. So it's a pretty bloody, bloody weekend and even past week right gold silver crypto to stock market, everything is down. It is pretty brutal out there. But again, if we're looking at the metrics right, we are seeing the conditions for a reversal. Again, it doesn't happen overnight, so this could play out over a few weeks, and we will have

to wait till Monday to get data from Sentiment. You know, one of the things I was highlighting, and even in my interview with Brian from Santiment that was published on Wednesday, we talked about the retail crowd was still accumulating even though they started slowing down a bit. We want to see less of that. So this big crash could have shaken out some of these hands and hopefully that starts rolling over. The reason being, the whales always pump the

market when the retail is going down. When they are scared and they're panicked. Right, I don't make the rules. This is just the data. This is how markets play out, and markets love to do the opposite of the herds. Of the herd is still bullish, and they were accumulating. Then you can see here whales are going to slow their accumulation. But once retail starts going in the opposite direction, the whales pick up the momentum. The market makers jump

on board and boom, it starts rallying. Then people fomo back in that's what they want. It's the same thing over and over. And when I realized this, it was so eye opening for me because I used to be one of the retail who was not looking at data and just moving by my emotions, getting and going through fear and greed and anger and depression all that. Now I see the crash. I'm like, okay, buying opportunity buy not financial advice. Obviously, do your research, right, But the

point is I'm now working alongside of smart money. And that's why I was buying in November and December of twenty twenty two, buying bitcoin at fifteen K sixteen K, buying XRP and all the other coins at Low's and lows. So as we went through the bull market and we started going up, my portfolio is going up versus people who went and bought tops and bought pumps, right, So

I see this as an opportunity to get in. And even Barry Silbert, the founder of Grayscale and the Digital Currency Group, he tweeted out, this is a gift from the crypto gods, clearing out the leverage crap tokens, A massive capital rotation into cryptos about to begin. Time to pick up your fighter. My picks, Bitcoin, etherorem Solana, z, cash, chow bitsensor, subnet tokens. So we shall see again. Doesn't mean he's right. I gave you Peter Brandt's bearish scenario.

I gave you some the bullish charts and even bullish statements some big players in the crypto market. So we shall see which one plays out, folks, and we're gonna have to adjust our strategy accordingly. Now there is cost

per concern when it comes to Michael Sailor and somebody's crypto treasury companies. So bitcoin has officially fallen below strategies average cost basis of seventy six and thirty seven dollars. Now, obviously Bitcoin bounce from this price point, but still, you know, something to watch out. And even bitmind, tom Ley's bitmine, it's facing a six billion dollar paper loss as the ethereum sell off deepened. So of course all coins they bleed out worse than bitcoin, right, this is just the

nature of the market. So we got to watch these crypto treasury companies because some of them collapse. It's possible. You know. The big difference with bitmind is that you can stake eth and keep earning rewards, so it brings in revenue in these things. Right, But this is a big hit, needless to say, and to many of these crypto treasury companies, and hopefully they positioned themselves for these downturns.

You know, I'm sure many of you saw my interviews when many of these folks and I always ask them what happens in a market downturn or a bear market or some sort of crash, how are you going to be able to handle that? Right? So this is where we shall see, as a warn Buffet says, when the tide goes out, you see who's swimming naked, right, So we're gonna see what's going on Folks, this episode is brought to you by Treasure, which makes self custoding of

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as the enemy number one of Wall Street in this weekend's Wall Street Journal. So he's on the front page and it says that Crypto's CEO who's become the enemy number one on Wall Street? You know who's behind this,

Jamie Diamond. Folks, we've been talking about it. Right, yesterday we talked about the state that were revealed of what Jamie Diamond said to Brian Armstrong, that he's full of shit and all kinds of stuff, right, because Brian's been exposing the banks big time, talking about how they're fighting back. You know, they are trying to block stable coin yield. They don't want competition, and you know, we've talked a lot about it. Right, Jamie wants to keep those big

fat bonus checks. He doesn't want to give you any fair interests or yield. He wants to give you zero point zero one percent and he keeps the you know, millions and billions of dollars. Guys. This this is the game. But you know, crypto is fighting the word and knowledge and all these things are getting out there. The consumer is getting educated. So it's amazing. Jamie Diamond's pulling out all the tricks here and you know, trying to plaster Brian on the front of the Wall Street journals saying

they are the enemy and much more. It's it's really wild. But you know, like the saying goes, first they ignore you, then they laugh at you, then they fight you, then you win. So we are going through those phases, folks. Final news item, European Commission calls on twelve countries to

implement crypto tax rules. So we are seeing across the globe the implementation of rules and regulation. So the European Commission said it will send formal notices to twelve countries for failing to fully implement the EU's tax reporting rules for digital assets in its January Infringement's package released on Friday.

The Commission, which serves as the European Union body responsible for proposing legislation and ensuring member states followed certain laws and regulations, said Belgium, Bulgaria, Chechnya, Estonia, Greece, Spain, Cyprus, Luxembourg, Malta and the Netherlands, Poland and Portugal would face letters of formal notice to fully implement the new tax, currency

and information exchange rules on crypto assets. So we know the EU has the MIKA regulations and look they're going to make all these countries get in line again, not banning, just everything needs to be tracked reporting taxes. You know the tax man's going to come first cut. So we know blockchain and cryptos here to stay. Again, you're not banning it, and the future markets, economies and governments will

all run on blockchain rails. So the infrastructure is being set up here, guys, and it's important to know what's happening, especially if you live in some of these countries. Orry, guys, that's the news again, bloody day. Let me know what you think about some of the data I shared about the RTS side of US. I think bottoming out because that's a metric and a signal that you can that is textbook that you can use to get an idea of where we're at into volatility, moves and so forth.

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I know, I told you guys, I was going to publish on Friday, but then the market started moving and I said, let me hold off so I can give you the most relevant write up and charts and so forth, Because if you know, you don't want to catch a falling knife or say, oh, this is happening while the knife is still falling, right, So let's see if the market calms down tomorrow and I'll do it write up and you know, you guys can read through all the different charts and data points and take your time to

come through it. So make sure you subscribe. It's one hundred percent free on substack. Also, grab a copy of my book on Amazon. It's available in paperback, in digital, and my course at mycryptocurse dot com. This is a comprehensive course that teaches you everything you need to know about crypto folks, thank you so much for tuning in. I appreciate you all, and I'll talk to you all later