00:00One of my favorite analysts on YouTube just talked about the golden zone for Bitcoin
00:05This is a battleground right now where Bitcoin's at
00:08And last night, we kind of bottomed around 89,000
00:12Now we're starting to jump back up
00:14Even though the traditional market was a bit shaky today, Bitcoin moved up about $3,000, and it's at a very key point
00:23I want to explain that to you today
00:26Um, and this is kind of the, this is kind of the line in the sand for even the people that are bullish right now, where I think, uh, a lot of people would turn bearish, at least, you know, short-term
00:37Right? At some point, you have to be willing to call a market a bear market
00:41If we fall down 40, 50, 60% and we go sideways for a year, that, that's a bear market
00:47So the question is, Now, what happens? Like, are we going to hold this support, or do we break down below it? Um, I want to show you what the analyst said
00:51This is Tyler Hill
00:54I really like his channel
00:58I'm stealing his video here
00:59Um, but credit to him
01:03Check out his channel
01:06Also, uh, we have a whale that just is idiotic, in my opinion
01:09Uh, maybe not idiotic
01:12Uh, that's, that's a bad way to put it, but, you know, not every whale is a genius
01:14So, we'll look at that, too
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02:07So check that out underneath
02:08the video
02:09Um, let's also roll the disclaimer
02:10Just a reminder, this is not financial advice
02:13This is not legal advice
02:16Do your own research
02:18I'm never going to reach out to you either in the comment section or through any other means to try to get you to invest in something that I'm investing in or to send me crypto
02:27Some links underneath the video are affiliate links
02:32I may earn a commission, but this is at no extra cost to you
02:35Of course, do your own due diligence
02:37All right, with all that out of the way, all the intro, um, the couple, you know, promotions, self, uh, self-promotions there
02:45Bitcoin's at a very interesting point
02:47We broke above this previous support line at 92,975
02:55So, we broke up to 937
02:58That's good
03:01If we could Actually, flip this back into support and continue a rally up, that would be extremely bullish
03:03Now, zooming out a little bit
03:05Um, Tyler's going to break down this key golden zone in a second, but look at this
03:10An unknown whale dumped 31,000 Ethereum 6 hours ago, taking an 18.88 million loss in 2 weeks
03:17The whale had been buying the dip from November 3 to November 10, buying 30,838 Ethereum at an average price of about 3,600
03:24This is kind of crazy
03:30I mean, hopefully for this person's sake, this is not the exact bottom
03:37Imagine, imagine you put $110 million into crypto, two weeks later sell it, and you sell at the local bottom or the, you know, the the bull market bottom
03:46That would be tough to swallow
03:47An $18 million loss plus all the uh, all the upside that you lose out on too
03:52Kind of surprising, but you know, whales, I think a lot of the time we think that they have information we don't, but sometimes they're just people with lots of money that like to, you know, like to trade and want to make more money
04:02So, you know, it's kind of interesting there
04:04Let's, let's see what Tyler has to say about this golden zone and what this means for crypto, where Bitcoin is right now
04:11Just know this, this gold box right here, that ranges between $91.3,000 and $83,000, is the most important level of support on Bitcoin's chart right now from a structural perspective, and it is the strongest level of support right now on the Bitcoin price right now from a structural
04:17perspective
04:22And knowing that, it means that Bitcoin is about to have a major decision to make
04:28If Bitcoin's price is capable of using this golden zone and establishing support, using that support to continue back upwards, we easily could see Bitcoin's price push all the way back up to $108,000 or maybe even back up to $115,000
04:42Now, pushing all the way back up to an all-time high will be much more difficult right now, of course, but it is still very possible
04:48That's how strong this golden zone of support is
04:52But knowing this and knowing how strong this support is, listen to me
04:54Listen to me very closely
04:56If Bitcoin's price falls below this golden zone, which ranges between again 90, 91 and $83,000, the likelihood that we are entering into a more macro downtrend and a macro bear market becomes the higher probability
05:11Okay, what does that mean? It means that a bear market, if that's what you want to call it, or a macro downtrend, which is what most, you know, analysts call it, is much, much more likely if Bitcoin falls below $83,000
05:26Now, you may say, Tyler, why? And this is the simple reasoning
05:28When a crypto falls below the golden zone, it is incredibly likely that that crypto is then going to retrace back down to the low in which created the golden zone
05:39And if you watch my tutorial on it, you know that that is this low right here at $75,000
05:45And so that means that if a crypto like Bitcoin was to fall below 83K, it is incredibly likely that it some starts to capitulate all the way back down to $74,000
05:54And I'm under the belief that in moments during bull markets, when Bitcoin retreats all the way back down to structural lows, the likelihood of the bull market being over starts to become much, much higher
06:05Okay? There has not been one time that I could find in history that Bitcoin has gone all the way back down to its previous structural low, and the bear market was not here
06:11Okay? I've not found that one time
06:18And then you mix in the fact that yes, we would have fallen below the 50 um EMA and the 50 MA, you would have started to notice that basically all of our indicators for reset
06:24It, it's a reasonable case
06:27It is like, yeah, okay
06:29Yeah, we're probably in some sort of bear
06:30market
06:31This is the trigger
06:32Okay, this is the moment, right? I mean, go look at history
06:33For example, Bitcoin's price, it came all the way back down towards lows
06:36Yes, it's seen pullbacks
06:38Yes, it's seen corrective moments
06:41But what it's never done is fallen below structural lows
06:43It's never come all the way back down to a big low
06:46Let's just call it, make it very simple, simple words, a big low
06:48Yeah
06:51I mean, it's never, not once come back down
06:55Okay
07:00So, I think the line in the sand for, uh, Bitcoin is $74,000, right? I mean, we can close a little bit below this 50 week, and that that's bearish
07:04That will turn some people bearish, um, thinking the bare market's here
07:09But there are enough people right now, I've been talking to a A lot of people over the last, you know, week or two
07:14Um, there are enough people that still think we're possibly in a bull market that they won't sell, right? So, um, there are enough people that won't just capitulate
07:24There aren't like bank runs happening on crypto yet
07:26So, we're this, you know, this no man's land area where, yeah, we've seen a 30% pullback, but we've seen that a handful of times in the past
07:38The Fed's still lowering rates, even if not as aggressive in the past
07:41We still have, um, Bitcoin just like less than 2x from the previous all-time high
07:47So, there are enough things that make people think that we're not in a bear market
07:50But if, if we go from 126 down to 74 and we can't hold this, I think that's a pretty good
07:58signal that the bear market's here, right? That's a 41% move
08:02We have not seen a move like that, um, where we continued on in a bull market since the last bull market, and that was kind of the midpoint, right? We saw over a 50% draw down, but we have not seen anything like that this bull market
08:16It, the timing matches up with where typical bear markets are
08:19So, it's nice to see Bitcoin having a bit of strength
08:24I would love to see a push higher
08:25It'd be great if we can move above this, um, you know, above the $97,000 mark, $98,000 mark
08:34That's where the 50W E is right now, and then the key psychological level of $100,000
08:39I would not be surprised even, you know, even if we saw a bit of a relief rally and then like if the bear market continued
08:46you at least get some exit liquidity if you really are stressed out by this market
08:52But what I'm doing, I'm just accumulating
08:54I have a schedule, I'm accumulating right now
08:56I started like back a couple months ago, started to accumulate a small percentage
09:02This is the first time that I bought since back here
09:06I accumulated a lot throughout the bare market
09:08This is my plan
09:09I don't care if we go into a bare market, I'll keep on accumulating, accumulating, accumulating
09:12That did really well
09:14Even if you bought up at like $40, $45,000, $48,000 and then you continue to accumulate throughout the bare market, continue to accumulate and then take profits during the next bull run, right? That's the bearish
09:25If we go into a bear market, that's what I'm going to be doing
09:30I'll also be opening more leverage trades as we go down, low leverage plays like I always talk about, and it will be a small portion of my portfolio, but I'll mostly be, uh, sticking to Bitcoin
09:40Now, that's if we break down, continue down, um, and there's more bearishness
09:46If we go back up to all-time highs, that would not surprise me
09:48Right now, I feel like there's a decent chance that happens, um, for the reasons I've laid out in this video
09:55I think there's still a lot of bullish things happening
09:58The market structure bill, or the, what's the other, the act, um, that's fundamentally bullish for Bitcoin, should be approved here in the next, you know, six months or so, um, that would be extremely bullish
10:10For crypto and Bitcoin, also we have that the news that broke us up to new all-time highs over the summer
10:15Um, we have crypto coming to 401k accounts
10:18Uh, we're going to have the Fed lowering rates
10:23Like there are a lot of reasons why you might think that we're having a dip right now, but we could go back up to all-time highs
10:27But I want to play, I want to play that for you
10:30I wanted to talk about this kind of golden zone
10:32I think this is, you know, it's not negative to talk about us going into a bare market, right? The possibility because there is a possibility
10:40It's stupid to think we're always in a bull market for Bitcoin, cuz that's just not true
10:43You see 70% drawdowns, that's not, that's not a bull market
10:47So, it's stupid to think that there is
10:49No possibility we see a bear market, or that there's no possibility that we are moving into a bear market
10:54That's just irrational
10:58That's delirium
11:01Um, the question is, what are the chances that we go into bull or bear? And then how are you set up, right? I know there are a lot of people extremely stressed out
11:04That tells you that your plan this cycle didn't work out well, right? Like, either you waited too long to take profits, or you're overexposed
11:13So how do you fix that going into the bear market? If we go into a bear market, how do you, uh, how do you approach that scenario? If we go back into bull mode, right? What are you going to do? Are you going to take profits? Are you going to FOMO back in if you sell right now? Like, you have to, you have to
11:28Think about the best probability for your portfolio over the long term
11:32For me, I do diversify, right? I've talked about that, you know, for five plus years when I've been on uh YouTube
11:36I do diversify
11:39Uh, I do diversify
11:43I diversify
11:48Um, I buy things like VO, super boring, but it's down, you know, even with Bitcoin down 30% or something
11:52It's down like three and a half percent, 4% from all-time highs, right? It's up uh year to date 13.45%
11:56Last 5 years up 86%
11:59Um, since the bottom in April, it's up 30 plus%
12:03Um, so I buy VO
12:07I I bought Meta today
12:10You know, I I've talked about Meta before uh on the channel, but I bought more Meta stock today under $600
12:14This is a 20 or 21 forward price to earnings ratio
12:21The price to earnings ratio is a a little bit weird because they had a one-time tax expense
12:25Um, but this is a quickly growing company that's fallen down a lot, uh, because they've spent more on expenses recently, but they can turn that off too
12:35Um, so many big companies throwing a lot of money because they're printing money
12:39Um, they're throwing a lot of money at future endeavors, right? At growing their top and bottom line in the future
12:46So, um, be on the lookout
12:48Tomorrow is Nvidia earnings
12:50Nvidia is down a decent amount from the recent peak
12:53It went up to almost 210 and now it's down like 12% or so
12:56I think it's actually down more than that, maybe 12 to 14%
13:02So, um, still up 32% year to date since the bottom in April, up nearly 100%
13:09But people will be watching
13:10This
13:11And then the next day, we have unemployment numbers as well
13:13If you do want to trade, like I said, check out Bybit
13:17I'm still trading right now
13:21I think this is, this is always one of my favorite times to trade when we see a big pullback, when a lot of people are bearish and we're down 30%
13:25That's how I've made a lot of money throughout the bull run is on these big pullbacks
13:28I open up low leverage positions and then I ride them up and then I take profits as we move up
13:35Now, this is an interesting time because we might be going into a bear market, and I gave some of my thoughts on that recently, but I will be entering new positions and layering down if we continue moving down
13:40There is a bottom
13:45I don't think Bitcoin's going away
13:50forever, right? It's not going to zero
13:52So, I will layer down even if we go into a bear market
13:56Then I'll sit on those, I'll sit on those positions if I have to for a very long time
14:00I've done that
14:03I'm still up like 5, 600% on some of my positions on, uh, Blow Fin, for example
14:06That was, um, probably the exchange I have positions open the longest, uh, right now
14:10So, I still have positions that are up significantly and I'm keeping some of them open
14:15So, if you want to trade, check out BYD
14:17It's my favorite exchange right now
14:19Big deposit bonuses
14:22We're going to do more of these trading events in the future
14:24Of course, approach at your own risk
14:25Um, someone reached out recently or commented in a video that I should be mentioning that investing is Risky, right? And yeah, you're taking risk, but also saving money is risky
14:38Like, if you just sit on cash in a checking account or at your house, it's going to devalue over time
14:41Um, inflation is going to continue moving up
14:45So, you have to put it into something that will work for you
14:47The question is, what? All right
14:49If you're really risk-averse, but you still want exposure to the market, just buy VOO
14:54You never have to worry about selling it, unless you think Amazon, Google, uh, Nvidia, Facebook, Meta, um, Google, uh, all these companies are going to zero, JP Morgan Chase going to zero
15:06Unless you think they're all going bankrupt, you can just buy it and hold it
15:10If you want higher upside potential, buy Bitcoin, or you can buy Bitcoin, right? I'm not telling you to buy it, but there is some level of self-reflection that investing requires
15:24And you have to ask yourself, like, is Bitcoin something I want to hold onto for the next five years? Do I think it's going to appreciate? All right
15:33Do I think it's going to do well, or is it going down and just going to stay down forever? I personally think it's going to do well, so I'm going to continue to dollar-cost average into it
15:43But, um, yeah, of course, you have to approach all these assets at your own risk
15:47I've said this a thousand times, but leverage trading is riskier than just buying crypto
15:50That should be pretty obvious because there's no such thing as a free lunch, and it can go up faster and You can also lose money faster than other assets or than just buying spot
16:01Yeah, if you understand what leverage is, or you've ever watched one of my tutorial videos, you should know that if you're thinking about doing something to yourself because you're really depressed at the market, reach out to someone for help, right? Um, reach out to like a hotline or something like that, or, you know, try to talk through your situation with a psychiatrist or psychologist or something
16:23Um, I feel for everyone in those situations
16:25Uh, for everyone else that it's just kind of whiny because we're going down and there's not like a psychological level of, you know, safety issue there, like my heart goes out to everyone that feels
16:33that way
16:40But if you're just pissed off because you 100x leverage, um, and you lost money, or, you know, you were 100% in on some altcoin, this is why you need some kind of plan
16:48This is why I say that I'm diversified outside of crypto and why I, uh, stick mostly to Bitcoin in the crypto market
16:54I do use leverage
17:00I do have some altcoins, but it's a small portion of my portfolio and something that I'm comfortable with, right? If you dollar cost average over the long term, you've made money in Bitcoin
17:03Maybe that's what you have to do
17:06Let me know your thoughts underneath the video
17:07I really do appreciate it
17:09Uh, Tyler, thanks for letting me take that clip
17:11I didn't ask him first, but, uh, I'm sure that he's okay with it
17:15Thanks
17:15Some.
