In cryptocurrency markets, periods of significant price decline (bear markets) create accumulation opportunities when prices enter 'green' zones on logarithmic regression charts, typically occurring when the Relative Strength Index (RSI) drops below 30 on weekly timeframes and prices fall below the 200-week moving average; these zones represent undervaluation periods where patient investors can accumulate assets for potential long-term gains, as historical patterns show that oversold conditions often precede market bottoms.
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BITCOIN CRASH TO $59K? Crypto MELTDOWNAñadido:
Okay, I think we're live.
Somehow.
Are we live? Is anyone here?
Anyways.
Wow.
We are watching Bitcoin literally potentially drop below $6,000.
This is interesting.
This is very very interesting.
Um.
Yeah.
Let me know if you can hear me. Let me know if anyone is watching.
I don't know how to find my stream or where it is right now.
Um.
Yeah.
Say hello. Say hello if you're on the stream.
Um, just going to try and figure something out, right?
Yeah, 6.2k. We're clinging onto an absolute razor's edge of support, guys.
Um, obviously this is kind of scary for most people.
But, to be fair, this is not not the time to be scared. Don't be scared of this price action. Um, in fact, be grateful. Be grateful this is something you can potentially prosper from. Uh.
Will there now be a breaking news alert for every 1,000 posts. Huh?
What does it even mean?
I don't know. Sorry, man. I don't know what you mean there.
Every 1,000 posts until we reach 37k.
You think we're going to go to 37k?
I don't think we I mean, if we went to 37k, that's crazy, but I don't think we'll go to 37k over here, guys.
So, yeah.
Let's Let's see about that one.
60.3k.
The volatility today is insane. Like, we're just seeing so much volatility.
Um like the fluctuations between each 60k, 61k, 62k. This is old-school volatility that we're seeing right here.
Um which is really really interesting.
Remember, periods when to make money in life.
Um 2026, it says years of good times, high prices, and the time to sell stocks and values of all kinds.
Um and then when we look at 2032, it says years of hard times, low prices, and a good time to buy stocks, corner lots, goods, etc., and hold till the boom.
So, it's really interesting. What to think of the next few years in this space.
Also, let's consider and and remember this post I found from Cycle of OneX.
Um this is also true. The The psychology of a market cycle. We're literally we've gone through euphoria, we've gone through complacency, we've gone through uh you know, we've gone through a lot of these things.
We've gone through denial. We've gone through anxiety. I think we're sitting in panic. I think we're kind of like sitting in this panic mode.
But, the capitulation and anger hasn't really hit cuz we're not really angry yet. The disbelief hasn't really happened. And hasn't really been enough time, either.
That's another thing like time duration is very, very important when it comes to these uh uh these bear markets, right?
How the Treasury doing today?
What's going on strategy down? I think strategy sold some. Strive has accumulated a bit. Uh actually, I don't think they have. Their live count is 19,000 uh over here.
21 capital in second place. Yeah, strategy just dominates right in the public company side of things. Strategy is just absolutely killing it.
Really interesting to see.
Mhm.
What do you guys want me to talk about?
Yeah.
This person has called for $70,000, which which could happen theoretically.
We'd be sitting right at the bottom of our logarithmic regression bands.
We'd have to put through a drawdown of 70%. So, it's not like impossible.
We could actually see it happen.
But, the likelihood of it really happening not not super high.
Not super high.
But, the likelihood of it really happening.
Yeah, join the Discord, guys. If you not in the Discord, it's the place to be.
It's the place to be.
Come and hang out with us, guys.
60.4K for Bitcoin.
Move to a short time frame. Have a look at some of the uh up close price action here.
Yeah, I mean, it's just completely wiped that 61K support.
Completely destroyed.
61K support.
Right there. Boom.
Big. It's big. You know, we could see 59K.
We really could see 59K by the end of the day.
Don't want to say that in like a bad way, but it's it's a possibility, for sure.
It really is a possibility, like 59K.
Oh.
Come and uh share your opinions what you think's going to happen in the market.
Got Ethereum over here as well, ladies and gents, which by the way, if you're interested in Ethereum, I know Ethereum is not as exciting as it used to be, but at the end of the day, 1.5 A right now for Ethereum.
There is still potential to see ETH drop down to its previous lows from March and April 2025, which give us like a 1,500 price. I don't think we'll be going back to $900 to $1,000 in Ethereum. I just feel like that's not going to happen.
Because that would just really be bearish, you know, if we were to put through a lower low than the previous bear market cycle for Ethereum.
It would just be bad for everyone.
Investors, stakeholders, Vitalik, pop, retail, everything. It would just be awful.
So, I think 1200 ETH, if if we get lucky, that could be a nice accumulation range.
Maybe it happens, maybe it doesn't.
6.5 K Bitcoin, we are starting to really hold the floor. We did tap into 59. I saw it happen.
I did see it.
Still chilling at 60.5 K here for for Bitcoin.
Yeah.
Dire. Dire. Dire. Dire.
But not bad, right? It's still not bad.
Ethereum, one of the worst weekly candles we've had in a long, long time.
Obviously, we had a bad weekly candle in February, which uh resulted in roughly 27% drop in a 7-day period.
The one that we're seeing right now is probably less, like 20%, 22%.
Still pretty rough.
You know.
Uh It's so hard to feel energetic about this in a good way.
It's just so so bad.
Yeah.
Smaller time frames on it is just crazy. And you know, when you have this level of volatility, you usually do get the classic V-shape recovery.
Or at least we kind of bounce back up to some sort of golden pocket on the Fibonacci.
But the market is not really getting better in general.
You know, if we had a V-shape recovery and we just move back up a little bit, it would be the ideal scenario.
We just did this back to 1800 or something.
But yeah, it's really not happening at the moment. Looking pretty awful.
1.5k still for the Ethereum. I think 1.4k could be an interesting area as well if we do retest those prior lows April 2025.
It was also such a long time ago that we saw those lows.
Yeah, it did not feel like over a year ago since we saw those lows. So, I'll say that for sure.
Look when treasuries 1.241 mil held.
And uh you know, that the public companies are still increasing despite the bearish price action we're seeing.
75 billion dollars worth held just by treasuries and public companies.
Very interesting insight.
Steam scroll together, guys.
Get some doom scrolling in.
October 6th. See, a lot of people are calling this uh September-October thing and I think it's also highly likely that uh October could offer something quite interesting.
Bitcoin is very cyclical.
Yep. I've seen that number before before. 1,064 days. I've actually seen it by accident in my own analysis.
Crazy.
Guys, send this to your Bitcoin friend.
Send this to your crypto buddies.
And uh any questions about crypto, ask away.
Join the Discord. It's down below there for you guys to join. It's completely free.
Come in and make yourself known.
Community is key in these markets.
Subscribe if you're new here.
60.3k is 59k actually going to happen during this stream. It It just happened a few minutes ago.
Before the stream.
You know, this isn't a celebration of all Bitcoins going down in price and we should be happy about it. This is a It we're resetting, you know, the market is resetting.
This the beginning of a new neutral value Bitcoin undervaluation zone. We haven't been here right here. We have not been here for a long time. So long. The last time we were in this green was 945 days ago. This is why I'm excited.
Because we've not been here in such a long time.
And a lot of you guys will just think nothing of this. But we are back into this green threshold on a logarithmic regression chart.
And that's important. I'm talking about this band here. Move to the monthly time frame. I think it might be there still.
No, it won't.
The weekly time frame again.
So yeah, this is really really crucial if you care about long-term accumulation, if you care about the idea that Bitcoin does have a 4-year cyclical cycle, if you care about the next 2 to 3 years in your sort of investment journey, this window of opportunity, which will be very transient, it won't be here here be here for long, this is an interesting time.
Man, I've not seen this for a while, and this is DCA territory for me now. This is where I start to buy the dip because we're in the logarithmic of green.
When we're in the logarithmic of red, up here, this is where we all should have been selling.
Any any price over 90,000 would have been fine. Chip away 5% here, sell 5% there, sell 5% there, sell 5% there, sell 5% there. You know how it goes.
But we don't do that because we're idiotic human beings. We just uh always always uh get greedy, and our hedonistic behaviors take over.
60.1K for Bitcoin. We're going to see, I think, 59K in this video, ladies and gents.
So, my charts are an absolute mess.
I could probably just grab a different chart altogether.
Just a nice tidy one on some random exchange that hasn't been all drawn on.
Here we go. Here we go. It's going to happen, probably.
It's going to happen.
We're so oversold.
60.2 6.172 Oh, man.
[ __ ] that's crazy.
Can you actually hear me?
That would be a Can you actually hear me?
I don't even know if you guys can hear me.
I imagine you can hear me.
If anyone can hear me out there, just say hi.
Just say Just say something on the chat.
Uh if anyone can just chat right now, that'd be great. Just let me know that we are audio auditable.
How do we say?
61.1 AK for Bitcoin.
Oh, nice. Weeks Eastern. Lol.
Hello there. Weeks Eastern.
Hope you're good.
Hello, Dusty. What's up?
61.195 ETH sitting at 1575.
Yeah.
Rough rough rough.
60.1 Just just break. It's going to break. You know, we're clinging onto this support. More times you retest this support threshold, more likely we are to just you know, fall through it.
And you can see how oversold we are.
Like, these are just indicators that pop up every now and then.
That you just They don't have to be complex, but they really can signify good times to potentially like get back into the market.
Especially on the weekly time frames.
For example, Bitcoin barely does this.
The last time we were oversold was of course in February 2026, but the space between the last time in the bear market, that was 1,300 days.
The last time between uh the two oversold periods is now about 1,300 days. The last time was 1,400 days.
Um So, actually, if we go oversold again for Bitcoin, it'll be the first time ever that we double dip into oversold territory.
Cuz we we've not done it twice in a bear market. We'd see something like this.
You know, we'd see something that we've never seen before.
Which could be extremely interesting.
And different.
However, we do know that buying around, accumulating around these sub-30 RSI zones on the weekly time frame, we do know that they can offer lucrative gains. You know, you can always see just by looking at every single uh bear market that we've ever had for Bitcoin, you can always see.
I can make this really, really clear for you guys, if you want.
For example, um let's grab a little vertical line here.
Just going to show you what I mean.
Oversold here, oversold here, weekly time frames, oversold here, oversold here.
What happened every single time afterwards?
Maybe we didn't exactly have the bottom, but we were close to the bottom.
Close enough to be pretty confident that if we were to wait two or three years, we'd be back up. So, every single vertical line here is reflecting a very oversold state in the market, as indicated by the relative strength index right here.
So, this is crucial. This this time right now is absolutely crucial. I wouldn't want to miss it for anything.
And it doesn't mean the bottom is set, by the way, because last time we were well oversold in the the previous bear market, we actually saw a lower price again. However, the RSI didn't actually reflect a lower number, lower figure.
The RSI actually creeped up. However, the the sub-30 RSI does give you a we are close, you know, we're close. We might not be there, but we're close. And that's how I feel about this. We might see that RSI actually just poke up again.
Or maybe it it won't go oversold again.
However, we could still see the price of Bitcoin bleed out and drop.
Obviously, another one, guys, 200-week moving average. Look, we're we're sitting on it. We're sitting below it.
This is historical. This is history.
I'm all for this.
Yeah.
So, what this means is we're under the 200-week moving average. And uh typically in bear market situations, for Bitcoin, of course.
Um typically, let me change this to a Yeah, typically when we are under the 200-week moving average, hang on. Chart issues.
It's a an okay time to accumulate.
You can see obviously we had all the time there under that 200-week moving average.
Uh just change the color to green.
We had a lot of time. Not really a lot of time, actually.
Like the the COVID crash put us down below before. And actually in 2019, we didn't really go below it. However, last cycle we did and for a long period of time.
This cycle, we've just tapped into it.
So, what if we were to trade under this 200-week moving average for a while?
What if we stay under it for 200 days?
What if the forecast and of the 200-week moving average then looks like this?
Cuz as time goes on, the value of it increases.
So, for example, maybe by January 2027, the 200-week moving average is actually worth 70k.
However, that can only increase if Bitcoin is obviously above it, but it's also an average, so it will still be on average always moving up.
Always moving up. That That's actually the only line you need to ever look at.
Huh.
Bitcoin has never had a time where the 200-week average actually went down.
The 200-week moving average has never sloped down. It's never sloped down.
It's never sloped down.
200-week moving average is solid. Like it just tells you that if you did nothing forever, that no matter what what you are holding is always going up in terms of 200-week time frame.
When are we going to see it go down? Cuz then I'd be getting worried.
Yeah, short in the market right now.
How long are you short for, Cloud?
How long are you shorting down to? What are you shorting down to over there?
I mean, I feel like there's a limit.
Well, got to find it.
60,000 on the nose. We're getting there.
Nearly about to see 60k for Bitcoin 59k for Bitcoin. It's happening.
We're falling. We're breaking.
Break down.
Break it down.
45k. That'd be beautiful if that happened. Huge.
So, I've got so many like small supports from the previous cycle as well.
Especially these weird diagonals here.
I mean, that's why I just think anywhere between anywhere in this rectangle kind of is just somewhere Bitcoin could land.
I'm not saying it will land there for sure, right?
But anywhere between 49 60 Yeah, 45k, right? That could happen, too.
Let's go back to the the ADHD chart.
I like this one.
60 63, just it's going to break, I think.
Bitcoin's going to break. Yeah, 59. 59.
59,000 for Bitcoin.
Gee.
No, every time I screenshot, I always get 60. So annoying.
There it is. 59. Breakdown is happening now.
Breakdown is happening.
Yeah, this is crazy now.
59,000 dollars for Bitcoin, ladies and gents.
59.8 is it's just free for now.
>> [laughter] >> 59.8 >> [laughter] >> Geez.
Yeah.
Now the fear is kicking in. Phone is just People are just panicking messaging me.
Oh, jeez, man.
59.7 It's like, why are you asking me for actual help? Like, I don't know.
I don't know how low it's going to go.
He doesn't know how low it's going to go.
Michael Saylor doesn't know how low it's going to go.
No one knows, but we can try our best to get as close to the bottom as possible.
Oh, the volatility.
Look at that, 300. Bang.
$400 up in $500 up.
50.7 6.2 This is what I mean about the volatility. Yeah. I think a buy order of mine just got [ __ ] actually.
Did it? Did it?
That's weird. No, it didn't.
I've actually got a 59.5k um limit buy order in place.
Look at that volatility.
That is bearish.
That volatility is rigged.
Rigged. Someone doesn't want it to go to 59k today.
Oh my god.
Oh my gosh.
I How does it do that? This is what I don't like about Bitcoin because it's annoying in the moment cuz people are FOMOing back in on that dip, but the likelihood is it's still just going to drop anyway to 55k or 53k or 50k.
So, this is just an artificial price based off of FOMO behavior.
Mhm, I don't think we'll see a retrace fully back to 70K right now.
Um I mean, we could see a a bounce back up to like 65K, then potentially continue down.
This volatility is just stupid.
59.7K to 60.8K.
It It's just erratic.
Honestly, I've been buying a bit.
I've uh bought more than I had wanted to in the 60s already, but now I'm believing more and more, and I always said I always just say I can give the the tips out sometimes, I can give my my friends good advice, and I can come up with these great theories that it's going to go somewhere, but then I end up not believing it sometimes, but actually that's annoying when I do that, cuz I do I fully believe that Bitcoin can go to like 53K here or even 46K at some point during this Q3 coming up.
So, when we get to September, October, November, December, Q4, of course, I think it can be pretty violent.
So, I'm I think play month by month, really, and uh buy the red days is is not too bad to to go with.
If you can be fortunate enough to buy month on month. 61K, I mean, it is just stupid. Why are we seeing this FOMO?
We saw it last time when we had the same liquidity trap.
What we had 60K over here.
Mhm, it is tempting to buy here and and the reason I would say it's tempting because I am a believer that anywhere in the green ribbon so this little lovely ribbon here I'm a big believer that anywhere is okay.
And I know that sounds stupid.
I'm a big believer that anywhere in the logarithmic regression band in the green zone is okay. You know, if you want to be super greedy you're going to you're going to just upset yourself. You're not going to enjoy the process. For example, like if you buy in at 60k but then it went to 53k you know, yeah, sure you're 7,000 off but if Bitcoin goes to 200k are you really just going to let that 7,000 like ruin your time and ruin the rest of the market cycle for you?
Probably not.
60.7k. So we saw that flash down to 59.
7 that happened.
That did happen.
Going to head off soon guys. Let me know if you want me to see any other coins quickly or altcoins or anything else.
ETH chilling while Bitcoin is just having a freaking fit.
ETH is so steady in contrast to Bitcoin right now.
Solana $64 also equally just not really doing much.
Just really chilling.
>> [clears throat] >> Mhm.
Honestly disappointed. Thought we could see a big crash there guys.
Thought we could see a much bigger crash.
I was really hoping to see something wild. 57k, why not? 56k right now. Flash it down.
This market is still boring.
Give me an old-school, give me something.
Give me a flash crash. I want to see 63 61k straight down to 55 right now. I want to see it like a falling knife.
Let's remind ourselves what volatility looks like. Cuz right now, I'm still bored of Bitcoin's price behavior.
61k absolutely rigged.
Uh 1,600 here for Ethereum.
Yeah, I mean, not a terrible place to allocate.
I bought ETH at 1.6 recently, 1620, 1750.
You know, it's not perfect, but it's not terrible.
The data tells me that's not terrible.
You're buying in these oversold positions, you can't be far uh in most cases.
This is an interesting chart before we do go.
Pay attention to this one.
This is the altcoin valuation excluding Bitcoin.
This is 861 billion.
So far, we've had two bear flags primarily.
Bear flag one, bear flag two.
And the reason it's important is because of this low here 850 billion, the way it retests the lows back in September June 2024.
That's interesting.
Also, if we look at drawdown, each market cycle compared to the last, 74% thus far, we have just 50%. Like the volatility different makes you think that we can go lower, pragmatically speaking, without like being a without being stupid about it.
But realistically speaking, 50% versus 74% volatility, you would think that we could actually take another leg down, wouldn't you?
If alts drop another 8% down to this support, then that's 10% ish in total.
8% 9% 10%.
That would wipe out the value of a lot of alts again. The top 10s, top 20s would really really take it.
That means Bitcoin's taking a hit, too.
Or I don't know, maybe Bitcoin dominance just prices and stays the same whilst alts bleed out against Bitcoin.
It's really hard to say.
But anyway, similar structure where we're below the 200 week moving average here on altcoin valuation, and also happened last time in the last bear market. But we can see we did not spend long there. It was very very very brief moments. Had a bit there.
A bit. Um like there as well. So, just super brief poke downs into these undervaluation zones. Right now we are in the undervaluation zone. And um the duration the cum- cumulative duration was 77 days there.
And then 77 days there. So, we had literally 150 days of under the 200 week moving average. Obviously, we've just produced our like first proper week. So, 7 days or probably less under 200 week moving average right now on the altcoin valuation.
So, we could still uh see much worse effectively.
So, yeah. There it was. Bitcoin did hit 59k.
And um I think we'll probably wrap up the video here, guys. Jump into the Discord.
That's what I will say. You can find it on the channel. Subscribe if you are watching.
If you want me to talk about something else, be real quick, and we can. Cuz of course we have a bunch of other cool stuff that we could be looking at, um, on this channel. You know, it's not just Bitcoin, but tons of other things.
Coin Market Cap, we've got loads of alts we can look at. Has anyone got an alt that we want to look at quickly? Let me know. Let me know before I head off cuz I've got a friend coming over in like 5 minutes.
Oh, need a Red Bull or something.
Do we have anyone watching this stream?
61.3K Bitcoin. See what I mean? Like, what are we doing?
We are coming back down in the future.
So, why why are we coming up now? Just let it Just let it happen now.
It's so boring, isn't it? Waiting for it to happen.
I I'm actually over it. I just want to get it over and done with now.
What I want is for us to just mark this mark the bottom, find the bottom, hit the bottom, and then from then onwards it's just a slow gradual increase in price again and sideways markets.
We just checked that.
Yeah, it took us 371 days last time to find the true bottom.
So far, it's only been 245. Okay, now we're getting somewhere.
So, we probably are about 130 days away from actually finding the true bottom.
So, it it's going to be somewhere, effectively, this year that we find the bottom. It will be somewhere that we find the bottom this year.
Um, I believe the bottom will be priced in in 2026, and we will not see another bottom in 2027.
That is I genuinely I I I think that's 100% what will happen.
2026, year of the bottom. 2027, we don't see that bottom ever again for a while.
And probably ever again, to be honest.
It's how it should work.
So, yeah, I think it's possible. Maybe now isn't the time for 55 and 50.
Maybe now isn't time for 55 and 50. Now could be time for a lower a lower bounce. Like maybe we bounce back up to like well, bear flag one.
The bear flag two. Possibly we just bounce up to 65k, guys. 64, 65. If that was If that were to happen, that would be cool. Then we you know, we fall back down.
Oh, that's so annoying to profit on the whole way down.
The scalp trade.
Congrats on on your your profits there, man. That's awesome.
So, we've got a lot of traders making some good profits in this market despite the the volatility. Well, that's what we want, actually. You can capitalize on volatility.
So, yeah. Make sure you uh check out the Discord down below.
And I think, you know, we'll wrap up the video here. I feel like maybe the market will give us a small bounce.
But I still think I still honestly think the next 150 days divided into months is five months.
Yeah, I think from now really through to the end of the year will just be the the same similar sentiment of downside. All right? On average.
So, yeah, it's been fun.
It's been fun. If you want more live videos, let me know.
We can do those.
And um yeah, thanks for watching. Anyone that tuned in, appreciate that.
See you soon. Remember, I'm just uh a guy who likes to talk about blockchain.
I'm I'm not a financial advisor or anything like that. So, please, you know, remember uh nothing is guaranteed in this space, and I am not a financial advisor, blah blah blah.
But, um yeah, I do hope that all of you can make something great out of this market in the next three or four years from from now until then. I hope that we can all reap some sort of reward here because I think those that are patient and have perseverance and have belief in the technology and the cycles, fully deserve it.
Fully deserve it.
So, yeah.
Peace. I think we're going to sign out of this one. Thanks for viewing.
Um join us in Discord.
Make yourself known.
And um yeah, sweet.
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