URGENT: This Chart Affects Bitcoin Holders (Hurry)

Added: 2026-05-30

[00:00:00]This is major. There's a chart that has almost perfect correlation with Bitcoin and it's saying there's a major move coming. And when you look at the two charts laid on top of each other, the similarity is undeniable. And Bitcoin is the blue line, but the other chart is starting to break out and is telling us something major is coming for Bitcoin's price. Now, the red and green candles that we're looking at, the second chart that's on top of Bitcoin's chart, is a software ETF. This is the State Street Software and Services ETF. The ticker is XSW. And part of the reason there is so much correlation between Bitcoin and the software ETF is there are Bitcoin companies incorporated in this ETF. You can see Hut 8, you can see CleanSpark, you can see Marathon Holdings. But, what I want to point out is the software ETF actually makes its move before Bitcoin.

[00:00:43]So, gives us a little bit of a early warning system for Bitcoin's price action. Now, we're looking at the the blue line right here. This is Bitcoin's top, October 6th of 2025. Well, you'll see the software ETF topped earlier than Bitcoin. When you're looking at the bottom, this is April of '25, the software ETF bottomed earlier before Bitcoin. Now, this one's a little bit more slight compared to this one. This one's a handful of days. This is just one or one day. But, also the software ETF topped earlier than Bitcoin after the Trump pump in December of 2024. And now, when you look at the most recent price action, you'll see we've kind of handled the the recent downtrend a little bit differently. The software ETF had a falling wedge. And remember, falling wedges are bullish chart patterns, while Bitcoin, the blue line, is still kind of stuck in this bear flag pattern. Now, what is also interesting here is neither Bitcoin nor the software ETF are at its previous range lows. So, you can see the Bitcoin, the prior bear flag, which then led to another breakdown to the downside, the blue line, we have not yet touched the bottoms of this range. Also, if you look at the software ETF, we have also not touched the bottom of this range. So, in that aspect, they are very similar, but the price action is starting to look very different. Now, some of you might be able to see this. Let's remove this falling wedge. There's also another chart pattern that's happening here with the software ETF. That is a upside down or an inverse head and shoulders pattern. Most of the time, this is going to break to the upside. And we can even measure, you know, a potential target here. Now, this isn't guaranteed, but you can go from the neckline to the top of the head, put that back at the neckline, and this gives you your target. Well, what do you know? This is in those range lows that we were talking about earlier. Let's jump over back to the Bitcoin chart. Now, like I said, we are still in this bear flag pattern, but where are we with a 200-week moving average? This is an important metric that I want to show you folks. We have been doing something very different than what we have expected in the prior cycles. You see here this blue line, the 200-week moving average. We really didn't test this during the last bear market. We wicked into it once, and then we just plummeted through. You can go into the bear market before that, and it's pretty similar. Once again, we didn't really test it. We just plummeted through, and then it acted as resistance. And even if we go all the way back to 2014, 2015, you can see, you know, we we touched it one time, and then we just plummeted through, and then again it acted as resistance. A quick flip into support two different times, but again, you can see when it crashes through, sometimes it just plummets past this 200-week moving average. So, what do we look like today with the 200-week moving average? Well, this is uncharted territory. You can see we actually did one, two, three weeks before we finally went below it, and even then on that fourth week, we were wicking above. So, it was trying to act, you know, trying to flip it back into support. And even on the fifth week, you can see, and then on the sixth week, we shot above. We're not able to hold this structure, fell below, closed another candle below this range, but now this 200-week moving average is acting as support. If we lose this bear flag, I expect this is my base case. I think we can use this 200-week moving average as support again. And so, even if this bear flag breaks, I don't think it is, you know, total capitulation, Bitcoin's heading to 40k.

[00:03:57]I'm not that bearish. But, I do want to entertain, what if this head and shoulders breaks out? What What if we can potentially expect a similar pump from Bitcoin? If the software ETF pumps this hard, you're looking at a 12% pump, 12.24. If Bitcoin were to pump 12.24%, what do you know? That is literally taking us to the top of the range. So, I I'm starting to feel, you know, earlier if you ask me, I think it's more likely we touched the bottom. That's what the probabilities do dictate. But, now I'm starting to feel a little bit more likely that we're going to see the top of the range. And we need to get to the top of the range if we're going to break this bear structure. Now, the reason I said this is urgent is it is breaking out as we speak. So, it's going to be, you know, very, very interesting week next week as we see can the software ETF hold its bullish momentum and is Bitcoin going to catch up? Cuz remember, the software ETF makes its move before Bitcoin. So, you might not have much time left. In fact, this, you know, this move preceded it by 1 day. And this move right here preceded it by 13 days. And this move preceded it by 8 days, maybe even seven. So, you might not have much time left, folks. I'm Dizzy For Discover Crypto. Want to show you this urgent chart before Bitcoin makes its major move. I'll see you and your Bitcoin, or maybe even the software ETFs, at the top.