Crypto Holders, This Could Be A GREAT Sign

Added: 2026-05-05

[00:00:00]something has been happening in the crypto market for the last week that I believe is actually a very very good sign for crypto that basically no one is talking about. And so in today's video, we are going to go over exactly what this thing is that's happening, why it could be such a great signal for crypto, and what I'm doing in my own portfolio as a result of it. So we have a good bit to get into today. So let's not waste any more time at all and let's jump straight on in. So today we are going to be looking at the Bitcoin chart. And of course, you all know this is something that we have been studying for a very long time, but especially more recently as Bitcoin has entered into this ascending channel. Now, I've told you all very consistently like, listen, you can't ignore Bitcoin while it's in this channel because when it breaks out of this channel, it's going to set the tone for several months of what the market could possibly even look like for the rest of the year. If Bitcoin takes the 30% chance route and breaks through the top side of this channel, that could set us up for a beautiful move and a much more bullish year than people were expecting. But if Bitcoin does what happens about 70% of the time and breaks through the downside of this channel, that could send us into a bit of a downtrend that could last until the end of the year. And so again, I've told you there are very, very big decisions that will be made and very big impacts and consequences once Bitcoin makes a move out of this channel. So you can't ignore it. And so again, today we're going to be focusing in on it and looking at actually what's happening for the last week because what is happening here is a very good sign for crypto. Now, in order for you to understand what's happening, let me kind of just show you what's happened recently. What you can see is that as Bitcoin's price has been creating this ascending structure, it's had a very repeated pattern. It's hit the support level, gone up, gone up to the red zone, and immediately been rejected. Came back to the green zone, gone back up to the red zone, immediately been rejected. Got close to the red zone here, came back down and got rejected. And then it pushed into the red zone here in which it's been in for the last 9 days. Now, do you hear that difference? Do you hear how the first time it was an immediate rejection, the second time it was an immediate rejection, but then the third time we've been here for over a week?

[00:01:55]There's a difference. And do you hear that difference? We have spent more time in the red zone as of the last week than we have at any given point while we've been in this structure for the last couple months now. A lot of people overlook this. A lot of people just say, "Oh, cool. We're at the red zone. We've been here for a while." But I'm not one of those people. And the reason why I'm not one of those people is because I've come to realize that when cryptocurrencies run into resistance zones and they don't get immediately rejected like they have recently, it means something's changing. It means that the previous resistance that you had that was immediately forcing you down here and immediately forcing you down here isn't doing the same thing here. And what that ultimately oftentimes means is that this resistance zone is weakening. And oftentimes when you see a resistance zone weakening, it actually increases your percentage chances of being able to make a breakout towards the upside. I've seen this consistently. And another thing I've noticed is that when you get a moment like this in which you spend multiple days in a resistance zone, it often times means that that breakout in either direction is likely going to happen within the next one or two swings.

[00:02:58]meaning like we're either about to break out in one of these directions like now or we're going to get maybe one more swing in either direction and that usually leads to the breakout. And so this usually means like hey the breakout is coming and our percentage chances of it breaking to the upside have actually increased which is a good sign for crypto because remember up until this point there was only about a 30% chance that Bitcoin's price was going to be able to make this move upwards. But again, I've come to notice that when you can see this resistance and you're kind of sitting at that resistance for a while, when you see this happening, that percentage chance increases. And guys, it's not a major increase. I'm not going to sit here and lie to you. But I would go to say is that adds at least another 5% on top. And now some people would say it adds about 10, making this a 60/40. I do want to play it conservative personally because we are still seeing liquidation stacking below us. If you go look at the 30-day, right, there's a lot of liquidations down there, and that makes it, you know, reasonable to assume we're going to go try to chase them down. And so, there is still a lot of risk that we do pull to the downside.

[00:03:58]But in some way, due to what we've seen over the last week, I am saying that the odds have shifted slightly in our favor.

[00:04:04]Now, why has this happened? Well, I believe that it's of course due to the geopolitical events we're seeing right now. The stock market has been rallying and the crypto market has been doing okay as a result of the fact that the Iran conflict seems to possibly be slowly inching its way towards a resolution. Of course, there was a ceasefire last week which was what set off this initial pump in both markets.

[00:04:24]Um, and since then it seems as if there have been negotiations. Now, as we all expected, these negotiations aren't going fantastic because the US and Iran are both extremely stubborn. But they are moving in the direction of trying to find a resolution to this. And that of course has caused the market to find some strength. And that sort of strength has of course pushed us up into this resistance zone, allowing us to stay here much longer than we did here and then we did here. Now what's even more interesting is that if you look at the 4hour RSI right now, look at what's happened while we're sitting and you know kind of uh what's the word? You know, consolidating I suppose in this red zone up here. We've actually seen the 4 hour RSI see a nice reset and we've actually got a bullish divergence.

[00:05:02]Look at how we got this low into a higher low and this low into a lower low in the same time frame. That means that we are actually getting some bullish resets and signals flashing while in the top side of resistance zone which doesn't usually happen. Okay. And so all in all, the fact that we're seeing Bitcoin's price kind of sitting here consolidating here, that is a good sign.

[00:05:22]Now, does this mean of course that Bitcoin is going to break out? No, guys.

[00:05:26]Again, I'm still saying there's only about a 35% chance that it makes that move, which is an uncommon move. Okay, but there is a chance and there is hope.

[00:05:34]And this does make me think, hey, it's possible possible. And so, what do I do with this information? What do I kind of feel about this? Well, my strategy does pretty much remain the same. As you all know, I have a game plan that I implement in these sorts of moments that goes like this. I buy Bitcoin and other altcoins generally at the same time when it's in this green zone. when it pushes up into the red zone, I start to sell and I start to take profits because there is a risk that we pull back. And so, I am continuing to take profits while we are in this red zone. But what I am actually doing right now is I'm not taking as many profits. You know, whether if I would usually take $1,000 worth of profit every day that we're in the red zone, maybe I'll cut that down to just $600 worth of profit. So, I am still taking profit because there is still a less a lesser chance that we do break out here. I'm taking less because there is a chance that we do see Bitcoin try to make this move out of this channel and it gives me the opportunity to take some big profits as we really do start to break out of this thing and start going through the motions of trying to rally there. Right. And so that does remain my game plan. I'm still taking profits here but just a little bit less than I was previously now.

[00:06:36]Another thing I'm doing in my portfolio is I am preparing for the breakout or the breakdown. I do think because of what we saw here and what we saw here that we are going to see it come within either this move we're in right now or the next one. And so I am getting ready and just kind of getting my mind right like all right volatility is inbound.

[00:06:51]We're going to see some chaos. We're going to see liquidations. Let me just get my mind right and just prepare for that emotionally and mentally as we do head into the month of May. As many of you know there's a phrase that goes sell in May and go away because May is usually a crazy month. Sometimes green, sometimes not. And so I am expecting maybe heading into May that [clears throat] we do leave this structure and that'll bring some opportunity. So I'm preparing for that.

[00:07:10]Getting some cash ready. The general way that I'd go about it is counter trading.

[00:07:13]If we do see a big breakout, I probably would go in and start taking some profit. If we do see this bad boy start to roll over, I would start doing very, very big dollar cost averages down on the um in these lower levels, not only on Bitcoin, but for my altcoins as well, because I would be convinced that this is one of the last pullbacks before we do get real relief or maybe even a bottom in this market. And so, I'd be willing to capitalize on that, okay? And so, I am still counter trading, but I am taking this into account and factoring that into how I'm playing this channel because it is changing things up just a bit, okay? So, I'll keep you all updated as this all does play out. If you are planning on making any trades in here, this does, you know, because of what we're seeing right now, it does open up the opportunity for a long trade here.

[00:07:51]But again, I would be very careful with long trades. They are just a bit dangerous because we are still in a red zone that doesn't have the higher percentage chance of breaking out. So, there is inherent risk there. If you are planning on shorting this down, do understand that the the perceived likelihood of success of a short trade here did just drop a little bit because we have congregated here for a while.

[00:08:10]So, do factor that in when you're assessing your risk-to-reward ratio and possibly opening up a bit of a short trade. So, I'll keep you updated, of course, on any setups that I personally do take on. Not taking any leverage trades right now. Happy to just keep swing trading this in spot bags. Okay, so with that in mind, if you are planning on trading this, I will remind you that you can do that over on BTCC.

[00:08:27]This is the platform where I do all of my personal trading. And if you do use my link and deposit some funds, you can get up to $10,000 in bonuses and rewards. Guys, that means you don't even have to start trading right now if you don't want to. If you want to sit back, watch the market, let it play out, but be ready when the time comes, especially as we had in May, check out BTCC. Again, you can get some free money set aside, ready to trade when the time comes. And then once you start tra start trading, you can get up to possibly another 13,000 in bonuses. So, that's available for you. If you're not trading in this, you've kind of just been riding it out, sitting back, watching it, and letting it happen. What I will say is you should check out iTrust Capital. It's down below. It's a crypto retirement service where you can hold your crypto in a retirement account and don't have to pay taxes on your gains over time. Guys, that makes you get so much more wealthy in crypto. It is almost ridiculous to not even not at least consider it. So, check out the link down below and if you do end up funding an account through my link, you will get up to $100 and a funding bonus to which you can apply of course to your retirement. So, feel free to check out both those things. I'll be here every step of the way updating you as it does play out. So, don't forget to like and subscribe and turn on those notifications and I can't wait to see you all in the next one. Peace out everybody.