🚨 BITCOIN!!!! DO YOU REALIZE WHAT THIS MEANS?!!!! […most are wrong!]

And I think it's quite important to realize here that the demand absorbed a billion dollars, right? While the macro conditions were actively working against Bitcoin, the cost of money has gone up and yet Bitcoin has stayed stable. We should be crashing, but we're not. >> What's going on, guys? Kdub here with another episode of CryptoZombie. Welcome back to the channel. Hope you're having a great day today. Now, I didn't anticipate there to be a lot of crazy price action over this 3-day weekend that we did have in the US. But what we did still have was some interesting data that again we can go over because a lot of people are asking right now, if Bitcoin is so bullish and there's all this money coming in and there's all these ETFs buying, why is the price not moving? If you're having all this money that's apparently coming into the asset, shouldn't we be going higher? Why are we still rangebound? So I want to talk about that today and also we need to again discuss some indicators, some legacy indicators that we have seen in the past that are flashing again today. So I want to go over all that in today's video. I think today's video will be a little bit shorter than usual. And also just so you guys know, I will be sort of traveling this week. So I don't even know when my next video will be out. It might not be until the weekend. Um so definitely get subscribed. I might make an emergency update if I have to. But today's video is going to be the one that you are going to want to watch and stick around to the end because I have a clip that I think you're going to find extremely valuable. So ultimately guys, as we were talking about, we had so many bottom indicators flashing. We were talking about the bullish divergence on the RSI. We had also talked about the Bitcoin percent in profit. And if you didn't catch my interview that I did over on Mr. M's podcast, I did uh post that on the YouTube video if you go to the post. So, that video pretty much covers everything that we had been talking about as far as all these bottoming indicators were concerned. So, I'm not going to repeat the same stuff that I've been talking about for the last 2 weeks. In today's video, I want to show you something a lot more fresh and possibly a lot more interesting, especially if you're worried about if the bottom is in or if we're going to go lower or how low will we go, etc. So, we're going to cover a lot of that today. Let's just sort of look at what we're doing ultimately on the chart. You can see for the most we're pretty much just rangebound again. We're stuck in this same area. We're trying to get above this previous high that we had back here essentially in May earlier this year. And you know, as much as the bulls are trying, you know, you could see that we have gone higher. You know, possibly maybe we start putting in a higher low here. Maybe we can push out above this. That would be nice. But for the most part, we're essentially just rangebound. Now, you can see down here on the 4 hour, there actually has been a deep wave with a green dot. So I would anticipate there to maybe be a little bit of sort of positive price action in the short term. But again, if we do switch this to the daily, you could see that we are still essentially coming down looking for another opportunity to put in that long. So if you are going to, you know, be longing on the short-term time frame, just understand that that is only in the next sort of, you know, day or two. But we could still have a potential retracement and I will go over all those levels. So before we get into it, friendly reminder guys, if you are trading, you can get a VIP one for 30 days over on Blofin if you use the link below. I also have $15,000 for you guys uh on weeks. That is also below as well as Koshi, which is CFTC regulated in the US and you could do this with dollars. They do also have per trading. You could do 6.1x over on Bitcoin. So again, those are just all options if you guys are following the channel and you do want to look into making some of those trades. So here's the situation, okay? And I am tired of talking about this, but I can't not bring it up because everyone else is talking about it. So, I have to comment on this 50W weekly moving average. I'm not going to stay on this for too long cuz I've given you my opinion on this. But, as you guys could see, we have been now currently rejected for two weeks and now we're going on our third week. In fact, if I zoom in right here, we barely barely almost attempted to close above it. This was a very interesting close for the weekly. it was right on that line and then as soon as we did we started falling down. Now remember I had told you guys that when we looked at the past how long this took you could see that on average we sort of had about 3 to 7 weeks for the bears to essentially negate this level because if not we do have this average continuing to move to the downside and if we continue sideways well then by default we're going to break through it right and the average draw down from that area was about 16.5% but remember that September averages around 5%. So, just to play devil's advocate again, if we went down about 16 uh.5%, that would bring you to around 68K. Now, do I think we're going to get down to those levels? I'm not too sure because again, there are a lot of people that are anticipating this ultimate dip. There's a lot of people that were sidelined that think that we still have to go down. We're going to be putting in October, November lows, and therefore they're just going to wait out this fake out rally and they're going to be able to buy the ultimate dip. But a lot of times the markets don't give you exactly what you want. So let me show you what else happened over this weekend into the close on Monday. And even though it was a holiday, that was only in the US. We still have global markets, right? Bitcoin is 24/7 365. So what did we see on the UTC close? Well, if I hop over here, guys, something very, very interesting just happened. And this happened for the first time since the last bottom of Bitcoin. And I know we've been focused a lot on the weekly, but this is the daily. So this 50 is the yellow on the daily and this pink is the 200 on the daily. Right? So remember we had been rejected back here in May. But currently we broke through it quite viciously broke through it and as you guys could see we are having what they refer to as a golden cross. And you could see it's happening right here. It's going to happen. It's it's it's happening right now. There's virtually no way that this is going to get reversed unless, you know, we have some I I have no idea catastrophic crash to below $58,000 in literally the next week. Other than that, this is going to hold. And as you guys could see, if we go in the past, every single time that we've had this happen, you could see back here, for example, we had this golden cross. This was in February of 2023, and that did mark the bottom. Now, look, we did have a little bit of a a dip down here. We had about a 6% move to the downside, but then from that area, Bitcoin still pumped another 11% and then we did have a crash. I guess you could call it a crash, right? And Bitcoin came down about 22%. But what's interesting is that we ended up closing exactly on the 200 daily moving average. And not only that, but as you guys could see right here, you know, we put in a higher low, a higher low, and that crashed to a higher low. And then from there, it was a massive green candle to new levels. So, I'm just pointing it out. It's not saying that a crash or, you know, a dump or a sell-off couldn't be in the cards, but ultimately, even in this scenario, the bottom was in and we had support on that 200 daily. If we go back even farther, you can see here's another iteration of it. When we had this right here, we had the cross. Now, look again, we did actually have a little bit of a pullback. This pullback was about 12%. Right? But we still had the bottom. The bottom was in and we continued to put in higher lows. So again, I'm not saying that a sell-off isn't possible, but once you got that confirmation, you never got down to these lows. You did have a opportunity to buy a little bit lower, but you never got to buy at the all-time lows. If we go back a little farther right here, here's another scenario where we had it. But here was an interesting situation because if you guys remember, this was COVID. So COVID was a global pandemic. We obviously had markets crashing. So you know, this is kind of one of those situations where it is the outlier because we had this crazy COVID crash. But again, once we had that cross another time right here, bull market was back in play. So, I guess you could say the COVID black swan event was an exception. But again, it is a black swan event. And then again, if we take the one that we had way back in 2012, did we have a correction? Yes, we did. We had a 30% correction, but of course, that was when Bitcoin was more volatile. But at the end of the day, was the bottom in? Yes, the bottom was in. And did you get a chance to buy down here? No, you had to buy all the way back up here. So, look, there might be an opportunity, but what this is telling us is that this is yet another signal that is suggesting that the bottom is in. And look, if it does crash down to the 200 daily, that's sitting currently at around 69,000. If we don't crash down, each day that we don't crash, it gets higher and higher and higher. So, if this goes out for another week and then comes down, maybe you get to buy around that $70,000 region, you know, maybe we bart Simpson down to here, but the odds of coming all the way back down here are again not very likely. Another thing that we look at on the channel is the EMA ribbon. And what you want to do, you basically have this cluster of EMAs. And then I always I like the EMA ribbon, but I love the 89. This is the one that tends to really show you when we're starting to get sort of overbought, oversold, or what you want to look for for that confirmation. So, I'm looking for confirmation above this purple sort of lavender color line. And as you guys could see right here, we did in fact confirm above it. Now, I I I if you want to say like full-on confirmation, I suppose you could say we need a couple weeks, but look, we closed above it. So, just assuming on the one candle close that we had on the weekly, we dipped down to it. We only got about down to the second moving average. So, we didn't even draw down ultimately deep into it. But, you know, if we go back again, historically looking at it, we've had this flash three times in the past. This was very, very, very early. But, when we did have big Actually, I was off by a day here. Uh oh, no, I'm sorry. Actually, over here, we closed above it. Yeah. But anyway, my point is once we closed above it, yes, the bottom was in and you know, obviously the band flips and then you get all the moving averages moving from the highest to the lowest and then that makes you in uh bull market essentially right here. We closed above it. Bull market was essentially in full play, right? And we actually had another amazing weekly candle after that. You know, CO is a little bit weird. It was sort of a midcycle correction. And here again when we blasted through it with this big candle, we did actually come down and retest it. But ultimately, you never got to buy at those lows again. And even from that move down here, you got about a 20% correction. So again, is a 20% correction out of the cards? Statistically, no. Um, it's more likely to be between five and 16% based on the data. So you could get that 5 to 16%. And again, just kind of looking at where that would take us, uh, you know, that would take us back possibly to the 68,000, but if you look at the average close at around five, yeah, you're really not looking that low. You're looking at maybe the maybe this month, if it's bad, closes somewhere between 72 and 76,000. Another indicator, which is a very, very simple indicator, is the Bitcoin super trend. Very simple indicator, not much to go over here. Essentially, anytime it flips at the bottom from the red, so it flips from the red trend into the green trend. I'm not going to, you know, keep repeating myself, but bottom is in again. Over here, we flip from red to green. Bottom is in again. You know, we flip from red to green. Bottom is in. Okay, so you guys see what I'm saying here. You know, all these indicators, look, one, one, two, three. Maybe that's a coincidence. Four, five, six, seven, maybe. Who knows? But come on, guys. This is like 15, 16, 17 different indications that we've seen play out multiple times. Now, of course, is there a chance that it doesn't play out again? Yes, of course, guys. We could be wrong. Something massive could happen. And it could be a black swan event, you know, pos, who even knows, maybe this turns into a giant head and shoulders like this. Maybe we come back down and do something like that and then form a giant neckline, which that would be incredible because, you know, if you were to extrapolate that just for example, and I'm doing this extremely crude obviously because um I'm not really that uh concerned about if this does happen. If it does happen though, you know, if you have some kind of breakout over here, and again, I'm doing this extremely crude, so I know someone in the comments is going to say something, you know, that puts you up somewhere over $100,000. Okay? So, even if we do have a triple bottom inverse head and shoulders type thing, ultimately we're still seeing that. And remember, we had talked about being held down by the 50, but also if you look at the blue 50 EMA, the interesting thing is that we're we're sort of being sandwiched between the two. And if I zoom in right here, you could see that this 50 EMA has been acting as support, which is sort of in line with the idea that we're looking for around 3 to 7 weeks of sideways before possible continuation. If of course you do think that the bottom is in and that the bulls are in control. And I had pointed out that in the past when we came down to these levels where we had the cross happening right here, we were underneath both of them. Right? So this is a little bit different than what we're seeing today. What we're seeing today is a lot more similar to what we had seen back here where we were in between the two of them and again 1 2 3 four four weeks sideways and then we had the breakout. So currently we're really only on I mean I guess you could say it's the second week. Uh yeah, it's about the we're kind of on the third week, right? But this was a really weak candle. So you could say we're either on the third week just beginning or we're enter or we're in the fourth week. But either way, like I said, we're sort of still looking for around 7 weeks. So 3 to 7 weeks. So if this is 3 weeks, then we should see something by the end of this week. But I'm still happy to entertain another possible 3 to four weeks before that, right? After, you know, after you have a giant move like this, you do need a little bit of that digestion. If we come over here, I also spoke about the two weekly MACD, which again, you know, not to be sounding like a broken record, but when it happened here, bottom was in. when it happened here. Bottom was in, bottom was in. yada yada yada. Okay. But if you also look at the two weekly candles and you take the bottom of this first close and the top of this, the top of this close and the top of this close, which was back in 2021, 2022, you create this area, this zone right here. And when we extrapolate that out, you notice that there's a lot of volume happening here. If I put the VRVP, you would see there's a lot of volume range happening here. And what's happening again over in this area is every single time we wicked into this box, it became the support. And that is one of the most basic things you could possibly do in TA is seeing something that acted as a massive massive resistance which then sent us into a year-long bare market acting as support. And that's exactly what it's done. So having a look at this parallel channel, this parallel channel that we've been bouncing around here, it acted as support in the bull market and coming out of the bare market. It's now acting as resistance. So yes, there's a lot of people still saying we need to take out this candle. And I agree, we still need to get up to around 82,200ish and close above that, you know, on the weekly uh a two weekly chart, whatever. So we haven't gotten up there quite yet, right? But we are very very close. and even just bouncing around here coming down to the heartline. You know, that would give you your 72,000 70,000 area and that might be the opportunity to buy because as you guys could see right here, we've just started moving into the green after having this massive massive red and you could see that it's starting to curve up, right? And we've showed you the money flow on the Market Cipher indicator, which again, Market Cipher is an amazing tool. If you don't have it, I do have a 50% off link if you guys are trading. I don't know how you're trading without it because it's been an amazing tool. But ultimately, like I said, this was the top. We couldn't get above the lower logarithmic band. It acted as resistance. We got to the top, massive sell-off, right? Massive sell-off back here, massive sell-off back here. Right here, we broke through it and we consolidated. So again, this is just something to look at. And having a look at the long-term trend right here. This is where we said, you know, this has been holding for almost a decade now. This is about a 9 plus year old chart. 9year and a few months. So ultimate bottom, ultimate bottom, ultimate bottom. Great buying opportunities. Now, is this going to break at some point? Yeah, possibly, possibly. But thus far, it has not broken. So if it hasn't broken yet, then we need to respect the trend. And the trend is your friend until the end. And this is a 9 plus year trend. So that's all I'm saying. We break this, fine. We'll start talking about lower levels and crazy elongated bare markets. But until then, this is where we have to stand. And we have to stand at the fact that possibly, you know, the bottom could be in and that you may not be getting some of these lower lows based on, you know, 15 to 20 plus indicators that have played out over the many, many years. Now, here is the thing though. You might have a lot of people saying, "Well, I don't understand. You're seeing phenomenal ETF inflows, right? But Bitcoin's not doing anything. That the math is not mathing. It's not making sense. How could you have all this money coming in and price is not doing anything, right? Well, I want to turn it over to British Hodddle. You guys are probably very familiar with him. Uh, we've actually done interviews previously on the channel, and he said, "Is Bitcoin price possibly lying to us?" And he likes to take more of an institutional approach. He was one of the first ones to really be talking about the ETFs. And a lot of people were laughing at British saying, "Oh, it's not going to be that big of a deal." And then remember, we had a sell-off on the news for like we dumped down. But then what ended up happening? We put in new all-time highs. So, I want to play this clip right now because I think after you guys watch this, you'll understand why even though you're seeing a lot of money, you're not quite seeing the price move the way that we would want it to, but it's sort of whispering those bullish narratives. And I think it's quite important to realize here that the demand absorbed a billion dollars, right? While the macro conditions were actively working against Bitcoin, the cost of money has gone up and yet Bitcoin has stayed stable. We should be crashing, but we're not. That's a very important thing here, right? And of course, we've had three weeks here ETF inflows and we've written it down $3.8 billion, right? To put that into perspective, let's say an average price of $80,000, right? That's roughly 47,500 Bitcoin worth of buying power coming into the market, right? And Bitcoin really creates 450 Bitcoin a day. So over 21 days, that's 9,450 Bitcoin created by the network, right? And so the 3-week ETF inflow is roughly five times the new Bitcoin supply straight from the protocol. So you know the ETF demand has been so huge. And by the way, this is just ETFs. This is not including MSTR, Strive and everything else, right? So new issuance 9,450 an ETF alone demand of 47,500. Right? So where did all this other Bitcoin come from? Right? Where where did it come from? It came from existing holders. It came from people that have leverage. It came from all these people that want to sell and need to sell are being forced to sell even as the price is staying stable right now. Right? So Bitcoin really doesn't really have an inventory shortage. Right? It's because higher the price goes, the more sellers are going to come come into the market. So right now the institutional demand is kind of matching the existing hodler selling and therefore the price is staying flat despite all economic conditions working against the price. So what happens if the institutional bid here continues but the existing holders become less willing to sell because I think we're getting there. I think we're getting Don't you think we're getting there? Don't you think after all of these months that the sellers might be getting kind of exhausted at these price levels? Doesn't mean that, you know, we won't see more selling at 90, 100, whatever. But don't you think that we're approaching a point where there is going to be a moment where the price has to go higher to inspire more inventory to come onto the market. Right? If the ETFs alone are buying five times the supply of Bitcoin and the supply dries up, it already d say it gets closer to the daily issuance. What happens when MSTR I believe STRC this week is going to hit par. What happens when all of these things start start coming into starts coming into play? So Friday we had an interesting jobs data, right? Positive 162,000. The consensus was positive 53,000, right? Unemployment at 4.1%. This was the strongest employment gain in 5 months, I believe. Right? The Treasury yields shot through the roof. Markets basically said it's almost a guarantee that the Fed is going to hike. Super bad, bad, bad, bad bad shortterm macro news uh for Bitcoin. and Bitcoin reacted, but the ETF flows remained positive. The ETF flows remained positive, right? So that means that the macro trader, the trader sold his Bitcoin because the algorithm in his own head said, "You have to sell this asset because the world is going risk off." And yet the allocator, the capital allocators continued buying Bitcoin because the investment thesis of Bitcoin did not change. The scarcity, the finality of the scarcity did not change. We have a new allocator in place here. We have a new type of buyer. We have a new structural bid in the market. It's unemotional. It is persistent. And it is continuing to buy no matter what the macro conditions are. And I think that's I think that's pretty bullish. I think that's pretty bullish. So, does that kind of make sense in a way? If you have these OGs or these traders or these people that are trying to go risk off and they're selling, that's a lot of selling pressure. But rather than look into it as why is the price not moving the the the flip side is well it's not moving but if there's all this bad news and there's potential rate hikes you know possibly incoming and there was all this terrible news that was coming out you know about Michael Sailor selling and price being down and elongated bare markets and four-year cycles etc etc well what you're seeing is maybe these OG whales they've been selling they've been pushing it down but every time they push it down they they get bought back up every time and they push it down, they get bought back up. So, you can have a lot of volume in a very small range and not see the price move because, you know, you could sell a million here, a million gets bought, a million here, a million gets bought. I'm just picking numbers, right? So, you could have massive volume showing inflows, but the price isn't moving. But eventually, those sellers will get exhausted the same way that I believe they were getting exhausted at the bottom of those levels. you were seeing those cohorts of people that had bought at the all-time high, they were down massively, $120 billion, in fact, around the $59,000 area. And the interesting thing is those people, some of them who sold for losses, remember, they can't sell twice. Once you sell for a loss, you've sold. You can't keep selling. You've already capitulated, right? And here's the interesting thing. If you're talking about whales, we actually have a massive, massive surge in new Bitcoin whales that are absorbing the supply. So, where are these guys coming from? Right? Clearly, this is some new demand that we've never seen. Unless these are just whales using new wallets. We don't know that. But we can definitely say that if you look for example like Timothy Peterson pointed out, if you look at the Bitcoin uh price right now versus the Bitcoin FTX crash, it is looking quite similar. And I apologize if you guys are hearing some wind. The microphone, I don't have the sleeve on it, so you might hear a little bit of wind, but you know, ultimately, yeah, you could have this dip, but if history plays out anything like this, it could possibly be a big move. Now again, the four-ear cycle people that are looking at this saying, "Hey, we pumped a little bit too early. This doesn't make sense. It's supposed to drag out a little bit longer." Well, I mean, you could say that, but as I've said in the past, a lot of things that we've seen in the previous markets are a little bit different. And while I would say like maybe 85 90% is the same and you can use this data statistically, the one thing that does change is these little tiny pieces of information like not getting a blowoff top, not getting the PI cycle indicator which would which always marked the tops, you know, having a new all-time high before the Bitcoin having going below the 200 weekly. Those are all things that if you had asked somebody um you know 5 years ago, they would say that's not possible. It it can't happen. It's never happened. and then it did. Right? So, we like to look at things statistically, but I'm always the person that can say maybe it changes. And by the way, I want to shout out to the community because we had done I talked about a 5050 coin flip and then some people were like, "Yeah, but the coin there is like a .008% chance that the coin could land on its side, right? Not possible. I mean, not not common, I should say, but not impossible." So, again, there's always an outlier, but ultimately, what are the odds of the coin landing on its side, right? So, what are the odds of this these indicators not playing out? There's always a chance, but it's probably the less than likely chance, right? Just if you're going to just use the data that you have in front of you. And like Killer pointed out, the math checks out. Every cycle has been taking less time to create a new all-time high. So, if we simple simply follow the 2020 cycle, a new all-time high could be established around possibly February of 2028. and he says no later than that, but he assumes it could be earlier around November of 2027. And to be quite honest with you, if um you know, if the price does continue to sort of have these moves that we've had, it could be even sooner than that, which would be in line with these possibly shortening cycles, less draw downs, but then also less movement to the upside. Unless, of course, you think we're in a super cycle, which I don't have time to go into that in this video, but I think you guys, if you've watched, you know the the data on that. Now, of course, we do have the Clarity Act, which I believe is the 15th, and there's still a lot of people thinking that it might not get passed. In fact, this was a clip from Fox. >> The Senate's preparing for a test vote on legislation that would establish federal rules for cryptocurrencies. Supporters say the bill will keep crypto companies from moving overseas, while opponents argue stronger guard rails are needed. >> But it's rare to pass a major regulatory measure this close to the midterms. And if Democrats win in November, that could create friction with the White House. So again, nobody knows. I mean, you know, the Bears are going to look for absolutely anything. Could the Clarity Act get rejected? Absolutely. That's not even a question. I think a lot of people think that that could be a possibility. Now, if it does end up getting passed, I think that's almost like the less likely scenario or what markets are expecting the least. So, that might actually not be a sell the news event. It might actually be very positive for Bitcoin, right? If it doesn't get passed, which let's be honest, there's a very good chance it doesn't, you might see a little bit of a draw down. But that will also be another test because remember in bull markets, no amount of bad news really affects it. And in bare markets, no amount of good news really affects it. So, we've had a lot of bad news and we still pumped. Let's see what happens with clarity. If we get that negative clarity news, I'm curious to see how the markets react. Will we have a bit of a a pullback? Most likely, probably short term. But does it draw down super deep and and does it actually recover? And if it does, how fast does it recover? And I think that that could also give us a bit of a clue. Now, I do like to look more at technicals. I don't think the news matters that much unless it's like something global, you know, like the COVID crash. But hey, it's going to be possibly a sign that we'll need looking forward. But ultimately guys, that is it for me today. Thank you so much for coming back to the channel. I just wanted to make a quick update of where we're at and uh let me know what you think about what British Hodddle said. It makes a lot of sense when you think about it, but you know, hey, so you know that he's looking at institutions, fundamentals, all that over here. We're trying to look at the technicals and see how these things could possibly play out. But as of right now, I still remain uh very bullish. Not necessarily short-term. Sure, September's a bad month. We could go down, but remember, when we have a green October followed by a red September, October tends to be extremely bullish with an average of 44%. So, let's see if history repeats. I think it'll be fun. and let's go on this journey together. But ultimately guys, that is it for me. Thank you so much for coming back to the channel. Again, um I do highly suggest you get uh Market Cipher because I use that a lot and it really helps with the trading. And if you are looking to trade guys, obviously we do have the ongoing deposit bonus still. Deposit $2,500. You can get up to 500 USDT. If you obviously complete certain volume trading stuff like that and again that would be in your rewards, which would be at the top right if you're signing up using the link. and I do have $15,000 on weeks. If you only want to trade using USDT or if you're interested in trading using straight up US dollars right out of your bank account, if you sign up using the Cali link below, you will get 90% off your fees and you also get a $25 welcome bonus. And by the way, it also applies to just Khi um prediction markets, too. It's like they're interchangeable. So, if you sign up using this link, it'll give you the bonus on both of them. So, ultimately, guys, that's it for me. If you do want to check out my tutorial on blowoffin, you can watch that right here right now. Like I said, I might not be able to make a video until this weekend. So, follow me over on Ax. Links below. Ultimately, I love you guys. You're awesome. Stay crypto. Enjoy your week. And of course, peace out.