TIA Crypto is offering a free newsletter to investors called “The Investor Alpha” which provides information on the latest developments in the cryptocurrency industry. The company is also promoting its Gann Swing Indicator, a tool that tracks market trends. Interested parties can subscribe to the newsletter and access the indicator through TIA Crypto’s website.
As the world continues to be gripped by the pandemic, the financial market has been in a state of uncertainty. Cryptocurrencies have been no exception, as investor sentiment swings wildly from one end of the spectrum to the other. However, recent reports have indicated that some investors may be selling off their Bitcoin holdings in secret.
The cryptocurrency market is notoriously volatile, with prices swinging wildly at the slightest hint of bad news. However, in the case of Bitcoin, there has been a steadily increasing trend of negative sentiment. Part of the reason for this can be attributed to the fact that the cryptocurrency’s price has stagnated over the past few months. Despite reaching its all-time high of $64,000 in April 2021, Bitcoin’s price has since declined and has been hovering around the $30,000 – $40,000 mark.
Some analysts have speculated that this dip in price is due to hidden selling by Bitcoin investors. These investors may be trying to cash out their holdings while avoiding the public eye. This practice is not uncommon in the financial world, as large investors often try to avoid driving down prices with their selling activity. By selling behind the scenes, they can avoid causing a panic in the market, which could lead to further declines in prices.
The presence of hidden selling in the Bitcoin market has been confirmed by several industry experts. For example, Glassnode, an on-chain market intelligence firm, recently reported that investors have been moving large amounts of Bitcoin to exchanges. This suggests that they are preparing to sell their holdings in the near future. In addition, BTC balances on exchanges have increased by over 19,000 BTC in the past week alone, which is typically a sign of selling activity.
Despite the potential impact of hidden selling on Bitcoin prices, there are several factors that may buoy the market in the coming months. One of the primary drivers is the growing adoption of cryptocurrencies by banks and institutions. For example, several major banks, including JPMorgan, have started offering cryptocurrency services to their clients. This increased adoption could lead to increased demand for Bitcoin and other cryptocurrencies.
In addition, many investors are still bullish on the market in the long term. While there may be some short-term volatility, the underlying fundamentals of cryptocurrencies remain strong. For example, Bitcoin’s limited supply and decentralized nature make it an attractive investment opportunity for many. As long as these fundamentals remain in place, there will always be a significant demand for Bitcoin.
In conclusion, the stage is set for Bitcoin to continue its growth in the long term, despite the potential impact of hidden selling. While the short-term outlook may be uncertain, the growth of institutional adoption and the strong fundamentals of cryptocurrencies make it an attractive investment opportunity for many. As with any investment, it is essential to do your research and make informed decisions before jumping into the market.
I need to apologize because in yesterday’s video I clearly stated for you guys the breakdown Zone and where to expect further weakness and selling to come into the market but I did not go into this sell signal that came earlier which I do want to talk about in this
Video exactly what was going on why the smart money was dumping out of their positions so in this video here I’m going to be talking about that sell signal that way you can see exactly what I was thinking the market would break down of course we’ve had our breakdown
Zone so I’m also going to be covering where I believe the market is going next we’re also going to look at the big picture the total market cap almost halfway through the forecast correction and then we’re going to jump over into some old coins as well but before we do
That we are going to talk about the description below make sure you check out all the links down there we have our free newsletter coming out so do subscribe to that in time and also I’m not a financial advisor so listen to me at your own risk always do your own
Research and due diligence so before we get to bitcoin and this sell signal I do want to talk about the big picture the total market cap as that is obviously in a seven week correction so far now when the market started to break down I said
Expect at least a four to eight week correction right around the time of the top about a week or so after that top did come in but of course since then we’ve broken below the support line at around 1.15 trillion and I’ve extended that projection out to around 16 weeks
From the peak so that means from the peak in the market we can expect either a low or no new high prices 16 weeks from that point so that’s obviously four months from the top in April now part of what gives me confidence to make those kinds of calls is the market structure
And essentially the price had broken above that old top at around 1.15 trillion dollars it was unable to hold so as soon as the price broke back down it was signaling further weakness and we really needed more time to really balance out the run up now we did cover
This low at the time in November expecting higher prices from that double bottom and essentially since that low that had only been approximately two week Corrections so you can see from bottom to top there was nothing more than around two weeks down in the market before the Bulls got back control and
Started to Rally now after five months of higher prices typical we do need to balance out that run up in terms of time and two weeks just isn’t enough so we have to start extending that out to some longer time frames where we might see the bottom take place from that Peak now
I’m not calling for fresh lows I still don’t believe we are going to be seeing a breakdown of this double bottom in this market cycle or potentially never again maybe that’s a big call but time will tell but essentially when we did break below that 1.15 trillion that key
Level of course it is going to take some time for the Bulls to regain control the Bears to really get washed out again if in fact they are going to get washed out and essentially we can just start to project forward when that low may take place now in terms of price because
Price is obviously really important as well that’s what we trade we trade price and we also trade time to a degree but we have the 50 level on the underside at around that even one trillion dollar price point to be expecting some significant support now this thing can
Drag on for quite a while before we do see fresh highs beyond that April top and unfortunately for most investors or crypto enthusiasts that aren’t really in it for the long haul we’ll just get fed up with the market because it’s not going up fast enough for them markets
Can bounce around and lose volatility and energy through through these periods of Corrections before obviously breaking higher to get those accelerating runs up in the market kind of like what we saw at this previous bottom the market did wash a lot of people out in terms of
Time it was down there for around six to eight weeks before obviously accelerating and breaking through leaving most people in the dust now that’s probably what’s going to happen again but on a bigger scale in this time especially if we can hold up above our 50 level at one trillion dollars now
We’re getting pretty close to it for the time being and although that level may break down the most important level to be keeping this bull market structure intact is this white line that you can see coming in around 860 billion dollars so I’m remaining very bullish in the big
Picture the macro Market structure above around 860 billion dollars ideally the price will hold up above one trillion dollars and then from there we can really be looking to that next breakout over ahead on the macro time frames for a large move up but I still believe we
Have a fair bit more time ahead of us before we do see that breakout and higher prices we’re seven weeks in we’re potentially got about 16 weeks maybe it’s going to get extended out longer but at this stage I am still sticking to around 6 16 weeks from the peak to where
You could be seeing a low in the market now yesterday’s video I was talking about a sell signal this is a four hour time frame now on bitcoin and I covered in detail for you guys that breakdown Zone below around 27 600 bucks this yellow line on the screen or orange line
Rather and of course when the market did break down from that little pivot point there the price has dumped very very quickly now before I get to what I think is coming up next in the market whether we’re going to be seeing it further weakness lower prices in Bitcoin or if
In fact we’re just seeing the temporary bottom I’ll get to that in a moment the sell signal I was talking about and I touched on in terms of price in yesterday’s video was this 50 level when the markets do reach they’re 50 levels we can typically expect some kind of
Buying or selling to step back in either profit taking or reversals in their positions and of course looking at this 50 level to recreate it for you it comes from that top that we saw in April down to that last bottom I’ll just draw it
For you so you can see exactly what I’m doing it’s the FIB retracement tool I turn off all of the settings other than 0 0.5 and 1 and it really is again technique Fibonacci never spoke about 50 levels or halfway point so that’s again but Fitbit does obviously get all the
Credit but essentially we can see the market approaches level from the underside and when we do see that take place I’m always expecting at least a pause in the trend of potentially even a reversal now nothing works out perfectly all the time but it happens often enough
For me to be paying attention to it and essentially we did see the market hit this 50 level it kissed it then started to reverse and of course we had weakness come back into the market before that Pivot Point broke down by the way of those old tops temporarily acting as
Some new bottoms and of course that also failed so we’re getting multiple signals come together here now the cell signal in terms of the wikoff analysis was the fact that the market did pump up a little bit too quickly quite late in the run you can see how we’re getting some
Very balanced moves from grinding higher then all of a sudden we get this sharp move up it hit its price point and then started to correct and we also had a pickup in volume right towards the end of the move now looking at some Wyckoff analysis professional Traders do not
Remain Professionals for very long if they’re buying in with the hype and on the big big volume there near the tops it’s almost all always professionals selling out and the dumb money buying in when there has been a little bit of height hope optimism whatever it is at
Exactly the wrong times so essentially we’ve seen that happen once again on our short-term time frames here that was the sell signal in terms of the hype the over enthusiasm and the selling come back into the market by by the way of the volume and of course we did get that
Breakdown on our lower term time frames here breaking our pivot Points in our support zones now we’re seeing that weakness in the market now of course all of that is done and dusted That’s History we can’t use that information anymore now except if we do learn from
It when these things do happen again we can be prepared and start to see the eyes see the market Through The Eyes of the smart money so we can have a clearer indication of what’s going on that’s what I’m doing here that’s why I’m teaching you this stuff because I want
You to start seeing the market clearly with what’s actually going on at least getting the odds in our favor as opposed to buying into all that news noise and nonsense by big social media accounts big Twitter followings whatever it is that are hyping the market up at exactly
The wrong times now they may not be doing it intentionally but they are at the whim of their emotions and when things are getting overly emotional they obviously buy into it as well expecting you know 30k 50k whatever it is depending where we are on the market
Cycle but it’s almost always at the wrong times so essentially what we’re looking at now is the price has broken down we can see on our short term time frames here a four hour one bar four hour two bar and our daily trend is not
Quite down yet but we are down on our lower term time frame so that might be behind my head on the recording here but just trust me that’s a four hour one bar Trend that is already down now in terms of price analysis what we can look at is
Of course our 50 level we can see from this top down to that last bottom it is sitting right on that 50 level surprise surprise it’s happening again now I do treat these levels as kind of strength and weakness while I’m expecting buying and selling to come in at these levels
In terms of profit taking and potentially Trend reversals they are also just levels to be looking out for strength and weakness now something that I’ve come up with myself is I’m expecting the market to be relatively strong in the top half and relatively weak in the bottom half so you can see
On this big picture 50 level that I showed you just before for as long as the market is hovering below this 50 level I’m treating it as relatively week so this is the week half of this big picture 50 level which is why we can expect more selling pressure to come
Back into the market so now on a shorter term time frames it’s hovering right around that 50 level and if any strength is going to be coming back into the market it has to hold on top of this short-term position of strength now I get this can be a little bit confusing
When you’re looking at multiple time frames and multiple levels and I guess that’s just going to come with experience looking at these things time and again practicing and seeing what the market action actually does but essentially for as long as the market is in the top half of this 50 level I’d
Really like to see it get back above that breakdown Zone before thinking about coming back to retest this 50 level and likely even going through on the next attempt so do keep twenty seven thousand six hundred on your chart continue to watch this 50 level around twenty seven thousand two hundred
Dollars and at least for now it’s really just trying to hold on we have no definitive confirmation as to whether we are going to be getting a reversal of this downtrend for now now in terms of the next downside targets we still do have that 26 600 by the way of that
Orange line I’ve had on the screen for ages for you guys we had that little flip in the last week at the end of last week of course the Bowser and control Bull’s got back in control we had the support on that old top we had that big
Pump up so 2066 does remain to be a very important level in Bitcoin right now now over to gala this is one of those ones in a weaker position you can see our short-term Trends are also down for our one bar for our two bar the daily is yet
To turn down now in the bigger picture if we’re going to be seeing a bigger breakdown in cryptocurrency I would anticipate garlic being one of those weak ones out there to drop by a fair bit more because it’s much closer to its significant Bottoms in the market with
No price support to the left of the chart until below 2.5 cents so keep this one in your chart in terms of some bigger picture weakness potentially but of course the support is still there above 2.8 cents that’s also a nice gear number so we’ll have to see if the
Market can continue to find support above 2.8 cents now the setup in Pepe I’ve been sharing with you guys for ages since the last week is of course that level at that old bottom from the 24th of May and to be expecting a breakdown coming back to retest some lower prices
Now there’s a fair bit of room in it to come back to break down to those other lows that you can see in the market here from the 12th of May of course it was the 24th of May that has broken and down and I’m expecting further weakness until
The market can come back to get back above that breakdown zone so at least for now Pepe does remain to be weak and this could really start to Cascade and sell off much harder of course if we’re unable to get back above that breakdown
Zone so keep that in mind for Pepe R and Dr is holding up much better than a bunch of other cryptocurrency in the space so if in fact we’re getting a reversal and bullishness come back into the market I would expect render to be pumping up much more now if you do
Recall from yesterday’s video I was telling you I was favoring the bear Market side and for any pump up till around 2.70 is just likely a bear Market rally in terms of this little short-term move expecting further weakness and we did get a pump up exactly to our 50
Level and we have started to sell off again now I am remaining on that little bearish narrative for render for as long as it is below that short term 50 level but we have to respect that support at 2.50 confirmation of a bigger move to the downside is breaking below that 2.15
Stone to hold then we can be looking to this important pivot point in the market around 2.30 we have a 50 level and also a trend line to be keeping on top of so overall The support’s Still Holding and we have to be looking out for the levels
In terms of breakouts and breakdowns for that next bigger move of confirmation so I’ve had a massive update a lot of detail I’ve cut down the number of coins in this video yet again thank you for you all of you who left comments in the comments section of yesterday’s video
Because I did ask whether you wanted more detail or more more markets and I will change it up from time to time we have covered Bitcoin we’ve also covered the total market cap Gala Pepe and render as well that’s it from me today make sure you definitely check those
Links out in the description below subscribe to our free newsletter check out my free learn crypto series as well I hope you’re staying happy healthy and well until next time I’ll catch you then foreign