CRYPTO IS TRYING TO BREAK OUT AFTER HUGE NEWS

Added: 2026-05-05

[00:00:00]Well, it has been a crazy 12 hours here in the crypto market following last night's news that President Donald Trump would be extending the ceasefire with Iran indefinitely so that its leaders can come up with a unified proposal.

[00:00:11]Now, the second that this news dropped, the market went absolutely nuts, seeing most altcoins immediately flipped from red to green and Bitcoin's price taking off to the upside and currently pushing up towards $79,000, breaking out of this massive structure that we have been stuck in for the last 2 months. Now, if you've been watching my channel for a while, you know that this is a very rare move. A breakout to the top side of a structure like this is extremely uncommon. And this is something to pay attention to. And so, in today's video, we're going to go over everything. We're going to talk about what happened in Iran, why the market responded so positively, and what this could mean for crypto now that Bitcoin is attempting to break out of this structure. Because again, this is something that we almost never see happen. So, we have a lot to get into today. So, let's jump first and foremost straight on into the news and talk about what happened last night. So, as I mentioned before, Trump came out and said that he would be extending the ceasefire with Iran indefinitely, saying that the extension was warranted due to Tran's government being seriously fractured. Trump said the ceasefire, which he earlier said would end on Wednesday, which is today, would continue until such time as Iran's leaders and representatives submit a unified proposal to end the war.

[00:01:18]Basically saying, "Listen, your government is fractured. It's disorganized, and it's struggling. So, we're going to give you a bit more time to figure this out. Get it together.

[00:01:26]Send us something. Let's end this war.

[00:01:28]And because of that, the market actually really responded positively to the way that he was speaking. Like, wow, it seems as if we could be actually moving into a direction in which this conflict comes to an end. Oil prices go back to normal and things can just continue as they were, right? And so, the market just immediately responded well. Like I mentioned before, altcoins started pumping and Bitcoin especially really started pumping. What we can see is that as a result of that news, Bitcoin's price just took off. And at the time of recording, which is so wild to say, Bitcoin is breaking out of this ascending structure. Now, if you're new to the channel, you may be saying, "Tyler, why do you keep pointing out the fact that it's breaking out? What's the big deal? Breakouts happen all the time." No. No, they don't. Breaking out of a structure like this, again, is uncommon. Generally, when you're in a downtrend and you create a parallel uptrend like this, 70% of the time, you will break towards the downside. only three times out of 10 will you get a breakout to the upside. And out of those three times out of 10, guys, only about 50% of them actually last. The other 50% end up falling back in the channel. And so again, the fact that we're seeing something happen that only happens less than three times out of 10 is so so so wild to me. And it could mean genuinely that if this conflict does continue to move in a better direction, we could see the market actually start making a break for the upside. Now, there's a couple caveats. There's a couple things I want to say and there's a couple warnings I want to issue because although this does feel good and it's sick to see Bitcoin's price currently back at $79,000, we're not out of the woods yet. And that is one of the key things that I want to say in today's video is we are not out of the woods yet. And the reason why I say that is both from the conflict itself and from a technical perspective.

[00:03:10]First and foremost, just this morning, Iran attacked three ships in the straight of Hormuz, saying its revolutionary guard sees two of them in and which of course has now further inflamed the tensions between them and the US. And so there is a world in which Trump sees this and says, "Okay, I was giving you grace and mercy by extending a ceasefire. How about I don't then?"

[00:03:28]And then Trump being stubborn and Iran being stubborn, everything starts to pop off again and all of this peace talk goes away. Okay, that is very possible.

[00:03:36]Now, in addition to this situation being volatile, again, what you have to understand is that just because we're currently breaking out of this structure right now doesn't mean that we will be tomorrow. I mean, look what happened back here. Look what happened back here.

[00:03:50]In the last two times that we've tried to break out of this channel due to positive talks from the Iran conflict, it's ended up failing and we've ended up crashing afterwards. We saw Bitcoin's price pull back in this example from 78,000 all the way to 73,000. and the time before that we saw Bitcoin fall from 76,000 all the way to 65,000. And so just because we're making a breakout right now doesn't mean that we're out of the woods. What you need to see from here, what you know what needs to happen now, what needs to happen next is that Bitcoin's price needs to be able to stay out here. I would almost go as far as to say it needs to spend the next two or three days out here getting multiple daily closes outside of the channel for this to be a confirmed breakout because there is simply just too much risk right now that Bitcoin's price is just going to do exactly what it's done recently and pull all the way back into the channel. Now, there are some things that are occurring that we're seeing right now that are a little bit different than the last couple times, which does say that this breakout could actually last.

[00:04:43]For example, just in yesterday's video, I told you all the fact that we have been sitting in this red zone for so long was a sign and signal that we might get a breakout soon. And so, the fact that we saw this support established in the red zone, which we did not get any of these previous times, does give this a little bit of extra strength to the upside that could make this move last.

[00:05:01]In addition to that, if we look at something like the daily Ballinger bands, we're not pushing into the top side of the Ballinger bands and fully overextending like we did here and like we did here and like we did here. No, we're still in the Ballinger bands, which means that there is still more room to the upside to extend before we get too high, right? And so when you look at a couple of these different things, it goes to show like, oh, this time is different than we saw back here and back here. The question is, is it different enough that we actually stay outside this channel and don't immediately nuke right back in it?

[00:05:30]That's the real game. That's the real question. And that's what you need to be paying attention to for the next 48 to 72 hours. And so, what am I doing right now as a result of all this? Well, I'm sitting back and letting this play out.

[00:05:42]I am not daring to make a move right now because I know better. If we go look at the liquidation maps, look at what this 24-hour chart looks like. Hold on. Watch this. Look at this. Look at this.

[00:05:52]Liquidation just started going crazy.

[00:05:54]People are now opening up massive long trades now that we've broken out, betting that this is going to continue upwards. While at the same exact time, we're starting to see people entering the market, betting that it's going to go downwards. And when you start to see liquidation start becoming available to the upside and the downside, guess what?

[00:06:11]Both of them usually happen. And it wouldn't surprise me at all to start seeing a lot of volatility and chop here in the market now that we are of course trying to break out of this. This is a battle like one we've not really seen in this entire year. And I think there's going to be a lot of mayhem and havoc for long traders and short traders along the way. And so what am I doing? I'm sitting back and I'm watching. I want to see how this plays out. And I want to see if Bitcoin can actually stay outside of this channel because it usually is not able to. It really does struggle oftent times to stay outside of a channel like this because they're so damn strong. Okay. And so I'm going to be watching this. I did take a little bit more profit out of my portfolio as we did push up towards the top of the channel because I know the risks that are involved here. So I am still stacking up some cash and locking in some profit in this current moment while I am just sitting back and watching and seeing how it plays out. So of course I'll keep you guys updated as this all does play out. But there's two main things you need to pay attention to.

[00:07:01]Does this situation and the fact that Iran attacked those ships in the straightforward moves this morning pull back this extension of the ceasefire?

[00:07:08]And if so, does that start to cause the market to retaliate by pulling back towards the downside? Because if so, it wouldn't shock me at all to see Bitcoin immediately fall back to this previous low right around 73K. So, watch these two things very closely. I'll be here every step of the way updating you if it plays out. I'm personally not going to be leverage trading this long or short right now because I just think it's risky. But if you are planning on doing so, don't forget you can do it over on BTCC where if you sign up with just my link, you can get up to $10,000 in bonuses. And once you start trading, you can get up to $13,000 in additional bonuses, putting the total bonuses that you can receive up to, of course, nearly $24,000.

[00:07:44]And again, even if you're not trading this right now, but you do want to trade it eventually, guys, sign up, get your deposit bonus, and set those funds aside so that when it's time to trade, you're ready to trade and you're not, you know, rushing all over the place. So, feel free to check that out. If you're not trading in all of this, you know, craziness and mayhem, you're just watching it play out and stacking up some crypto. I will let you know there's also a link down below to Fortis X. This is a platform where you can invest into liquidity pools and you can also invest into staking pools. And through this, of course, you don't have to do anything, but you can earn an income on your balances, your Tether, XRP, whatever it may be, while you're sitting back and you're waiting. Now, I personally do have a couple thousand dollar deposited on this platform because it is within my risk, you know, my risk budget, my risk portfolio and assignment to have platforms like this in my portfolio. But do understand that platforms like this come with risk and you need to, of course, make sure it matches your risk before depositing any funds on a platform that is now out of your control, right? But I personally am earning pretty solid. I am liking the overall dayto-day transaction that I'm receiving nearly a dollar a day that I'm making right now. And that's just a very starter balance that I've invested into.

[00:08:47]I am going to scale this up over time.

[00:08:49]So, I am happy with it personally. So, feel free to check out the link to 4 toex down below if that interests you.

[00:08:54]So, this has been a crazy day. This has been a crazy morning. I hope you guys are staying sane and staying emotionally neutral. I'll be here every step of the way to help guide you in that direction.

[00:09:02]And I can't wait to see you all in the next one. Peace out everybody.