Bitcoin MAX PAIN WARNING! (WORST CHART In Crypto)

0:00Hey guys, have you heard of Gold Belly? It's this amazing site where they ship the most iconic, famous foods from restaurants across the country. Anywhere, nationwide. I've never found a more perfect gift than food. Gold Belly ships Chicago deep dish pizza, New York bagels, main lobster rolls, and even Inaigardin's famous cakes. So, if you're looking for a gift for the food lover in your life, head to goldbelly.com and get 20% off your first order with promo code gift. That's goldbelly.com promo code gift. Confronting high credit card debt can feel scary. But the good news is, if you owe $10,000 or more in credit card debt, financial relief options are now available. National debt relief is currently offering debt relief design to reduce what you owe and put you on the fast track to becoming debt-free. If you qualify for debt relief, you may be able to pay back less than what you owe and save thousands of dollars. Just visit nationaldebtrelief.com. Imagine only paying one low monthly program payment you can afford and saving money as you become debt-free. National debt relief has already helped bring debt relief to over 550,000 U.S. consumers,

1:04earning thousands of five-star reviews and an A-plus rating with the Better Business Bureau. You're stronger than your credit card debt. Let today be the day you start turning things around. Take the first step and visit nationaldebtrelief.com to see what debt relief you may qualify for. That's nationaldebtrelief.com. Do you feel uncertain about where the markets are going from here? With everything going on from the Trump administration, stock market absolutely on the edge of a major pullback, and now oil is acting like a meme coin, there are many reasons to be sitting with a little bit of doubt. The uncertainty index of the world hit last month and we had already doubled the markets uncertainty that was experienced during the pandemic shut down of 2020. We are dwarfing the Iraq War and 9-11 as things sit on the edge of the Abyss right now, and Donald Trump's administration and Pete Hexeth have come out just to alleviate fears by saying that we are now entering the most intense day of Operation Epic Fury,

2:06imminent as the IEA is planning the largest ever strategic petroleum reserve dump. It doesn't sound like things are steady, Freddie, out in the world, and now we have to dive into what does this all mean. Well, first of all, I must clarify what the world uncertainty index is. The world trade uncertainty index also known as the WT UI. And this is a global metric. Now, really, when we boil this down, it quantifies the overall sentiment by considering the occurrence of positive and negative words in the economist intelligence unit country reports. This is market sentiment of stability. If you read out loud what the American Republic has just done over the last two months, you would think that I'm describing to you a movie novel. We have heads of state taken out with missiles. And now we have a shutdown of a global economic hub, a straight-up arm loose, which moves 30% of all the world's oil, 34% of all the world's fertilizer, and now people are unsure how the food industry is going to look six months from now.

3:09Now, when I was asked about which way Bitcoin will go when this conflict began, I was being a little bit facetious but also serious in the fact of saying that we'll see a slight pump rising from the midpoint by about seven percent. You know, it looks like we're not dying in terms of Bitcoin's price, which is great. We're sitting right around $70,000 and we've seen market openings over the past week. Give us a nice little pump to the upside. Now, this is very similar to the Venezuela time frame where we were writhing around kind of sitting on certain and then we had a nice little pump up to $98,000. But then subsequently followed by a massive move to the downside down into the 60K region. So I must emphasize the data I'm about to show you does not paint the picture that we are completely out of the woodwork yet, not at all. But there is quite a hopeful outlook to this as I compared some of the metrics of how Bitcoin's reacted when it's found that bottom zone and where we're at now. And why this uncertainty metric at the beginning of the video matter so much is higher uncertainty

4:11generally translates into lower investments, slower economic growth and increased financial volatility. Anything about the locations in the midst of all of the chaos right now had just promised trillions of dollars in economic investments into the United States in the way of AI, data centers and power generation. Now that the gloves are off and the things have gotten a little bit feisty across seas, we might see some of those investments divested. Now, if you watched the channel, you would have noticed a few weeks ago, me and crypto crank had found something quite sketchy with the S&P 500 before all of this chaos started breaking loose. We started to see the weekly wicks start to be eaten up and flatten out and basically turn into this kind of flopping motion on the S&P 500, which pointed to some downside. A market side for B, there's also a divergence to the downside, a bearish one when you see the momentum waves eating smaller and smaller as the weekly candles went through their process. Money flow is also pointing down as this is happening with all that being said, a wash out to the downside is quite

5:16normal for the S&P to have, but really what we're seeing here is a potential for the S&P 500 to pull back by about 20% from the previous peak. I would take it from a 7,000 mark down to right in the guts of this green box where I have highlighted from my heavy buys on stock market picks in about a 5500 point level. Also notable that G himself crypto phase put out this post today, pretty sure that the S&P 500 is going to get bloody very, very soon. It responds quite well to market cypher's money flow and it holds out as long as it can, but after a few weeks of just entering a negative flow, she gives way and breaks down. Any highlights very concise so that oftentimes we do see the S&P 500 make a big break to the downside, a nice correction before moving back up. An interesting to note, he is highlighting here the January and middle point of 2022, which we're going to get to here later on in the video, so make sure you stay tuned. Now with all of the events I just described, we have

6:18seen the Strait of Hormuz shut down. We've seen massive news articles about minds and insurance agencies hiking the rates on these vessels and really refusing to ensure them as we're entering the stage of a full-out war. Oil is starting to act like a meme coin as well. We have massive, massive movements in oil. Now, if you notice how slight the movements were previous to this, where oil was right at around $60 a barrel, over just the last few days, we're starting to see moves in the day of up to 42% upswings and then a massive downturn. This is causing investor whiplash as we're seeing the price of oil in barrels give people complete uncertainty and really, if this conflict does continue and China doesn't have its oil flow from Iran, it's also been cut off from Venezuela, we might see this number increase drastically. And as this is happening, international energy agencies, 32 member countries unanimously have agreed to release 400 million barrels of their own strategic reserves. Cracks are starting to appear in major

7:21players in Wall Street from JP Morgan being forced to mark down loans. It has decided to reduce lending to private credit groups. This includes Blue Al, Blackstone, BlackRock, and now JP Morgan themselves. I'd be also playing into this is the credit card delinquencies are going rampant. This graph shown on the screen does a good job in explaining this with some of the heaviest hit areas being Alabama, Mississippi, Louisiana, and Arkansas, but people are surviving off of credit cards. The average middle and lower class person is barely surviving in these economic conditions and inflation is tearing them apart. Even while we see the CPI data come out, all things are generally flat, it being lied to and people are recognizing it. Now when it comes to Bitcoin, Bitcoin is how I've been able to outpace inflationary pressures on myself and my family over the course of the last few cycles here. And with the recent rally in Bitcoin, there are some hopes that maybe we're out of the woodwork is from both theory 300 billion dollars had been added to the crypto market since Jane Street had gotten sued and the US Iran war began. Bitcoin

8:25has surprised everyone by surging by $10,500 over the last week while most people expected it to crash amid the uncertainty. So now here's the fun part. We look at the nuts and bolts of Bitcoin where it sits right now in comparison to the last time Bitcoin was giving off this high of a fear metric. The last time we saw this type of cataclysm to the downside, pulling Bitcoin down below the price to produce a Bitcoin per coin. This is where the buying the blood happened. This is where the awesome entry points are found is by buying it when it's low and getting ready to sell it when it's high. And I'm not going to lie, this is my favorite time to cover crypto because the prices are cheap and I can get entry points at a deep, deep discount. Now where Bitcoin sits right now is looking a little bit fuzzy. Oh wait, never mind. This isn't the current graph. This is June of 2022. No, this is the current graph of Bitcoin where the price is sitting. There's some odd similarities between these two charts, right? And as you see this says right after Celsius had

9:27collapsed, we had cascaded to the downside and found a momentary point of support at around $17,000. The price to produce Bitcoin was $19,000 at this time. Currently where things sit, we had just seen that massive cascade to the downside where things sit currently. We have had just that massive cascade to the downside where Bitcoin fell to 59K and the price to produce on average sitting in around $74,000. And it looks like we're trying to dig ourselves out of this, but really if I compare the two time frames, there is very clear similarities between these two capitulation moments and we must acknowledge for what they are. So after the capitulation of June 2022, we did end up rising by a pretty good amount for some time, pumping by about 42% over the course of 59 days. Now where we are currently leaves some definite options to the upside. From capitulation moment to where we're at right now, only 33 days into this and we've risen by about 19%. Some of the opinion that we absolutely can have the potential to start making our way back up to

10:31the mid 70s over the course of the next 20 days. But there is something very, very key that I must show you on this video today. And I don't think anyone is out there talking about this. When the bear market took hold of Bitcoin last cycle, we must acknowledge that Bitcoin was not out of the woodwork when we fell down to 17,700 bucks. No, the actual bottom was in the $15,000 range, 155 to be precise. So we're going to do some fun math here. We're going to see how much lower Bitcoin had to drop before finally hitting that Max Payne moment. We had to drop by another 11% from 177 to find that true floor. But generally speaking, if you were buying like me during this massive pullback, you were a happy camper as Bitcoin went on to rally to $126,000. So that being said, let's go take at our current timeframe and look at what a 10% drawdown from the bottom of that week would actually look like. 10% lower than the absolute paying of 59K. Well, folks, that brings us

11:34down to the wonderful level of $53,000. And you know that number sounds quite familiar because it's actually the point of our previous range after ETFs got released that I was actually looking for Bitcoin to show its strongest hold point. $53,000 is the bottom end of the range, the original stumble point before we found our new all time highs. And really a point where I think Bitcoin absolutely can defend itself. So looking at this graph, generally speaking, I feel like we're developing the bottom where we sit right now. Sure, we can keep pumping up a little bit to the mid 70s. But I think a final wash out down to the low 50s is a reasonable thing to be looking out for. I am actively buying this range, but also prepared to buy Bitcoin if we get near those low 50 levels. We are not near out of the woodwork yet, as we have to see the straight up from most open back up, we have to see some of these tensions walked backwards. And if these tensions across the world do not

12:35let up, there is no telling where this market's going to go. But I feel the sentiment is just as scared. There's so many people out there considering this to be over. It's done. Walk away. This feels exactly like the pandemic wash out. And when I looked at the world uncertainty index being twice as bad, currently, then it was when I made life changing moves and hammered my life, saying we can say to crypto, I got to tell you if I'm not buying this dip, I'm dying. This is how I've done this for years on end. I'm excited about having the opportunity to get this information out to you. And if you think that we are actually headed to the upside way quicker than people believe or to the downside, let me know down the comments. Let's have a discussion about it and I'll keep you up to date with all of this information as it comes about. I hope you're holding strong and I'll see on the next one. Hey, y'all, it's Kelly Clarkson with Wayfair where delivery and setup are as easy as a few taps on your phone. Picture this. You're relaxing in an old hammock, scrolling Wayfair's app

13:37when you spot it, a brand new patio set. Next thing you know, Wayfair delivers it right to your patio and sets it up. All you need a new grill too. All right, Wayfair's got you covered. With Wayfair's room of choice delivery and fast expert setup on qualifying orders, life gets a little easier. Visit Wayfair.com or the Wayfair app. Wayfair every style, every home.