IS IT OVER FOR BITCOIN & ALTCOINS AS WAR CRASHES CRYPTO?

at the price charts and seeing bitcoin dump today. It actually touched ninety ak and you may say, Tony, I remember you talking about ninety ak, and it's what I've been sharing in the live streams in my newsletter that bitcoin was heading from the overbought zone, which we hit when bitcoin touch one hundred and twelve thousand, and it's been on its way down to the over soul zone. This is just the market cycles playing out. Nothing unusual here. Now.

I know there is a macro uncertainty out there with war and so forth, but aside from the news right, the chart is still holding up and it's still the cyclical pattern playing out here, so there's nothing unusual. It wasn't like, oh, all of a sudden, the market's crashed because of war. No, the markets have been on the way down. And yes, the war news and narrative comes in, and then you see the price starts to tumble. Right, It just almost makes it happen faster than it maybe

it would have played out. So the daily RSI is still showing us on the way down to oversoul. And right now the daily RSI is about thirty eight, so we're near that oversoul zone. And you may say, but Tony, there's war, who's going to invest? Well, unfortunately, guys. Unfortunately we've seen historical patterns with macro uncertainty, with wars, pandemic and much more. They don't trigger a bear market. It all goes back, is global liquidity rising. Are we still

in a bull market? Because those factors actually outweigh what's happening in the world. Remember the people who are going nuts about Russia, your the bull market's not going to happen. Look what's happening Russia, Ukraine, blah blah blah. And then bitcoin and all coins have been going up, the stock

market have been going up. Since it all goes back to are the governments and central banks pushing liquidity into the market, debasing the currency printing, right, And that's what's been going on, and we've been watching global liquidity it's been on the rise. So I anticipate Bitcoin could it could go a bit more lower, maybe ninety six K, ninety five K before we bottom out and then start moving up and we'll see how everything plays out. But guys, again,

I hate war. I wish all these things were not happening, but this is the world we live in and we just got to look at the data when it comes to the charts and what's going to happen next. So with the big dump, eight hundred and seventy five million dollars liquidated from the crypto market over the past twenty four hours. Of course, all coins are bleeding out as expected because the market follows Bitcoin, and all coins are going to take a beating. But that's okay because they

will have their day in the sun as Bitcoin starts rallying. Remember, Bitcoin will pump hit its overbod zone. Liquidity will rotate to the all coins and they'll start pumping. So we got to be patient here. And one good thing with bitcoin's weekly close, the bulls. According to Matthew Highland, the bitcoin bulls successfully defended the support on the close, so key support levels are still being held up here and on the weekly still looking bullish. We are still seeing

green on the mag D. The weekly RSI still looks good. Right. We haven't hit that very overbought zone on the higher time frame of the weekly, so we've still got room for upside here, and the bitcoin dominance is on its way up. And here Wrecked Capital said, bitcoin dominance is just five point five percent away from revisiting that seventy one percent level for the first time since January twenty

twenty one. Remember January was the blowoff top year, right, So bitcoin dominance playing out just like it did in those bullmarket years. And we got a bit of a fake out in late May where it showed that bitcoin dominance was you know, dropping significantly. But man, it's on the way up, and I think once we hit that seventy one percent zone that might take us or take bitcoin to the new all time high. And then all season,

the epic all season starts. And then in conjunction, you're seeing USDT dominance on the rise, so the liquidity is going back to tether and tether they are minting a lot of USDT today. Two billion minted on June seventeenth, there was another billion minted. So we've seen this show before. How many times have I shared these data points with you, folks, And I'm not saying that to Bo's I'm just trying

to help you understand the markets and what's happening. I'm trying to share it a knowledge that I've learned being here from multiple bullmarket cycles, talking to different hedge fund and VC guys, talking different analysts and traders. So I now understand a cyclical pattern. I know the metrics to look at, and that's why I'm not panicking. I'm not worrying and I don't panic sell anymore. I used to

because I didn't know. I wasn't educated. But now that I'm educated about what's happening, I'm able to make money in the market. And I'm not saying I'm some Wall Street analysts or a guy who's been doing trading. I don't day trade. I simply play the macro, buy the lows, sell the highs, and go through the peaks and valleys

on the way up. That's just part of it. And I look at these different metrics to valudate my thesis, to make sure it's not about my emotions and how I'm feeling, but rather what is the data telling me and folks, despite once again everything that's going on, just like Russia, Ukraine, just like March twenty twenty. Oh no, they're shutting down the world. Right, market's just pumped because notice the herd right now will be very afraid. Oh

my god, everything's crashing. You're going to see the headlines as sensational headlines. Stock market crashes, this, bitcoin crashes that right, that is for the masses who are uneducated. I know that's a tough statement. A lot of people, you know, may have a knee jerk reaction saying Tony, you're you're a jerk, right, But I'm being realistic and this is how it all works, and I want you guys to

understand that. And here's some more confirmation. Bitcoin whales, according to on chain data from Saniment, continue to accumulate, so they're not getting shaked out here. They are accumulating. So while it's a ten of more, Bitcoin continue to rise, so the smart money they know what's going to happen. And even macro signals like the Bitcoin pie cycle top

indicator nowhere close to flashing. So we got ways to go I mentioned global liquidity earlier, Macro investor Ralph pal shared an updated global liquidity chart showing that M two is still rising globally. He says, here's the updated GMI bitcoin to M two chart. Nothing seems unusual here, but please do not expect all wiggles to match or all timing points to be exact. It's the overall contextualization that matters the most. And yes, all bleed more than Bitcoin

in corrections spot on right. So he's saying, look, there's peaks and valleys on this chart. Don't expect Bitcoin to align perfectly with everything, but it's more directional. And then when you look at the chart, you see the directional pattern here. So global liquidity is a leading indicator. And look it's showing right now. Bitcoin potentially, potentially now not guaranteed, could top out at one hundred and seventy K. So

let's see how this plays out, folks. It would be very, very interesting, and the markets are going to follow this despite short term volatility with news of wars and this

and that and whatever pops up. Right, Just look at with the tariff uncertainty crash, what did the markets do bounce v shape recovery, even the stock market same thing, right, So guys understand how this game is played, and it has to be the long term view, the macro view, because if you're looking at the one minute chart, the hourly, the daily, you know it's going to be brutal. If you're going to go through a lot of emotions, it's

a it's an emotional rollercoaster. But when you zoom out, you see how this all plays out, folks, And we're still in a bull market, and we've still still got ways to go here in this bullmarket, more upside and the different factors are showing that. Now. You know, I mentioned war, right and what we've seen historically, and Crypto Wizard did a great job breaking this down, and this is going to trigger some people. War is bullish? What

if I told you war is bullish? On March twenty, two thousand and three, the Iraq War began and the SMP five hundred saw a sizeable correction. After that, it had a thirty five percent game easy endorsing war. Is he happy about war? Of course not right, nobody's happy about war? But why does war trigger this bullish activity for the bull market? Because they have to print they have to print to pay for all this. Get where do you get the money to fund these wars and

so forth? Right, And I'm not just talking about the United States. This happens globally. Israel is going to have to do it to fund the war, and that's going to lead to global liquidity going up. That's why even in a war, markets rallied. And I know it seems illogical, right, why would that happen? But it's because markets still move based on war or news. They move on liquidity, and as long as governments are debasing their currency and printing,

asset prices will rise. Folks. That's the fundamental knowledge and thesis you need to have in the back of your mind so that you're not panicking. You're not an emotional rollercoaster. And I know a big part of it is patience, right, You've got to be patient. That's the hard part for retail. Unfortunately, this is where a smart money beats out a lot of retail because they're more patient and educated about these metrics, so they're not in an emotional roller coaster. Oh my god.

They wake up on Monday morning and the market's down, many people start selling, Oh my god, I need to sell, No, you don't. Now, if you have an emergency you need cash, obviously, you do what you got to do. But if you're just simply investing in looking to grow your wealth, you're sitting back and buying dips and let it grow. And there could be points where you take profits. Obviously where we're looking to take profits in this bull market. But

the point is you shouldn't be panic selling. If you're panic selling, you're doing it wrong. So, guys, I know this is a triggering thing to talk about. War is bullish, right, but unfortunately this is the world we live in now.

Moving ahead, Texas has passed their strategic Bitcoin Reserve into law, folks, so they become the third stay to do this. This is very bullish, folks. And as always, it will start with a bitcoin and then it will go to all coins. I've said that many times. We're seeing it at multiple fronts. So Dennis Porter of the Satociaction Fund, shout out to this man. I've had him on the podcast. He's responsible

for a lot of these things, he said. Texas joins New Hampshire and Arizona to be the third state to pass a strategic Bitcoin reserve. Legislation into law. Just huge. I hope you see what's happening here, folks. We're seeing huge adoption globally and this technology, it will power the economy, the markets, and the government's blockchain will be used by every industry. Stable coins bitcoin as a strategic reserve in addition to all coins and much more so. Exciting times

are ahead. We just got to get through the uncertainty of these things that happen, right, just like there was uncertainty with the terriffs, and then we v shape or covered. So expect volatility in the coming week and maybe weeks, and then we're going to start to bottom out and move up. It's like clockwork. And again I point you to that chart I've been sharing even in my newsletter, right and that is the RSI is just showing you what the cyclical pattern is. It is clear as day.

It's textbook. So make sure you're studying this and you know what you guys can do. I'm not trying to give you homework or anything here, but you know, after you watch or listen to these podcasts, go to TradingView dot com or just go to any site that gives you investing data and go research RSI go research, mac D and all these things right under different moving averages and so forth, and even big one on the monthly still still bullish, guys. So patience is the key here, folks.

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