The analysis offers a pragmatic look at altcoin correlation and macro influences, successfully tempering retail hype with technical caution. However, its reliance on standard lagging indicators may offer more hindsight than foresight in such a volatile market.
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Crypto.com CRO Coin FLASHING WATCH OUT!!!Added:
Crypto.com, Crocoin holders, we got to talk. It looks like we're finally seeing Bitcoin start to spill over and it's bleeding into those altcoins. So, let's talk about it. So, without further ado, welcome back to Crypto Report. I'm Black Sea. Hit that like button, subscribe to the channel right now. And I say this video is not financial advice. I'm not financial adviser. This for entertainment purposes only. Let's hop into it. All right, guys. Looking at Crowcoin right here. We are playing with fire, my friends. We are banging on the 0689 price level, this blue line here and we've wicked below it and we also have seen some little traps occurring but now it looks like we are right on it getting ready to see a further spill over. Now when I look at market cipher I do see that the money flow is starting to tick to the downside a bit. You can see it like it looks like there's some velocity to it and also you see the momentum wave is still clipping to the downside still in the light blue and has not turned a dark blue yet which usually means that we're going to see some further continuation. I do expect to see a breakdown below 0689 sooner rather than later unless of course we see a massive move in the stock market tomorrow and Bitcoin included because tomorrow there is some pretty exciting stuff happening. We're seeing earnings on what think like Google, Microsoft, uh a bunch of huge big tech companies are reporting earnings tomorrow and it probably will impact the traditional market. The question is will it impact Bitcoin? Uh usually big tech has a little bit of some funue with the crypto space if you will, but not always especially when we're in a true bare market for crypto which we are. But uh just something to think about as we see crowcoin banging on 0689 because I do believe most likely we will see this break down further below in the coming weeks here. And guys, I still am shorting all my altcoins. I'm short about 15 different altcoins right now. Zcash, Dogecoin, Crowcoin are a few. My Crowcoin short is at 96.82%.
And uh we're about $2,900. We'll probably be at a $3,000 profit on this.
I would say probably the next week or so. And I expect to see all coins continue to break down here, guys. I think that uh we are about halfway through this bare market on Bitcoin. And that does not mean that we're halfway through this bare market for altcoins, my friends. Even when you see Bitcoin uh put a bottom in, that does not mean that altcoins are going to immediately snap of a finger make new rallies, right? It takes some time. But if you guys do want to trade with me, you want to access my private trading community on Discord where I talk about how I'm trading, how I'm navigating these markets, how I'm profiting, just kind of a place to be talking about how we're trading. It's a lot of fun talking back and forth with you guys. It's absolutely for free to get access. To get access, check out in the pin comment section or description box below, guys. All you have to do is sign up to Blowofin. It's the top link in the description box. You get a $5,000 simos access the private Discord server.
So, you have to sign up using this link.
Uh you will get a user ID number and uh you will join the crypto community right here. You click the Discord link, enter in your user ID, you're in. It's absolutely for free. Now, I will say guys, some of these links down below, there are affiliate links that do help support this channel, but you get lucrative sign bosses, you get the discount codes, you get access to training comm. So, it's a good value.
It's a win-win for everybody. So, right now, Bitcoin is trading at $76,856, but a little bit of a double top in near 80K. We did not tap 80K. And right now, we are still grinding up here. Now, the question is, do we see this spill over or do we see this respect the 21-day moving average and bounce back to 80K and go higher?
In my opinion, uh, this is still maintaining this price structure to the upside. I would say I think that there's a world where we do bounce off of this and come back up to 80K, but I I really do believe that guys, we're still in a bare market. I I still think that we are going to be if this if we do come back up to 80K, most likely it will be a lower high and a opportunity to be shorting, an opportunity to be seeing a price move to the downside. Now, could we see some crazy mid bare market rally that brings up us to up to 94,000, trap a bunch of bulls? Sure. And liquidate a bunch of shorts? Sure, it's possible.
But coming above the 200 day moving average, the SMA, and like closing above it on daily time frames right now, I just don't really buy it just yet unless it was a very very quick like we came up put like a week or so above it, then broke back down maybe. But um we are about halfway through the bare market.
And I think that usually you should be expecting somewhat of a mid- bare market rally to put in another uh lower high and uh trap a lot of people before you see a further draw down. I think that that could be happening right now if not relatively soon. And if you look at market cipher on Bitcoin on the daily time frame, the momentum waves are coming down. RSIs are pointing to the downside. Money flow sharp to the downside. We're probably going to see a selloff relatively soon and you're probably going to see that bleed over into altcoins. Crowcoin being one of them. So, I just want to come out here, give my opinion on how I think this market's going to be heading, where we're going, and uh how I'm capitalizing on how I'm profiting, my friends. But that's all I got. Hit that like button, subscribe, share it now. I'll see you next one. Bye-bye.
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