ETF Speculation and Bitcoin's Potential Smackdown

You're not bullish enough on Bitcoin. The ETFs have not been priced in, and the Bulls are still going to get clobbered by what's coming next.

Whale feeding is incoming.

• We're going to take a look at that and the long-term log chart for Bitcoin that's going to knock your socks off.

• But the biggest thing that nobody's talking about is the ETFs for cryptocurrencies not yet.

Welcome back, everybody.

It's Saturday morning, my name is Doug, and I'm the editor of the Digital Currency Traders publication on Medium. If you write about making money with cryptocurrencies, we would love to help you grow your audience. So, a big thank you to the recent subscribers to this channel and the members' area. Thanks, it's great to have you guys along.

Workshop Teaser and Discord Community Updates 

"Now, I don't know the future, and I'm not giving you trading advice. I'm just commenting on our trading plan. One thing's for sure, the price is going to change before I'm done with this video. So be sure to come and join us over on our Discord community so you can keep up to date on the changes between the videos. It's been a while since I did a public YouTube video, but I've been busy as a Canadian Beaver preparing a brand new workshop that's going to be released soon.

I did have a little teaser video that I just released, and in the workshop, I'm going to teach you my entire trading system and show you some mindblowing opportunities that are lining up right now for 2024.

So, the teaser video is available, and I'm super excited to release that full workshop. It's coming up soon.

Analyzing the Market: Whale and Shark Feeding Zones 

Now let's jump into whale feeding zone and shark feeding zone, and then with I'll take a look at what happened to altcoins, and I'll finish with a little bit more detail on my new workshop and who it's going to benefit the most. So here we are with whale feeding zone and shark feeding zone. We're looking at the weekly timeframe. That's kind of a hammer reversal candle there.

In-Depth Market Analysis and Trading Strategies 

"If I clear that stuff off, it's kind of weak, but what I want to see if there's room for it to break out above. And I want to start zooming into the timeframes to see what the bands are telling us. Because right away in the daily, we've pinched in closely. We've already done the hammer reversal and are starting to make the potential one two-three formation. Now it could consolidate and keep going up for sure. But I'm watching out for the potentials and just want to comment on them as we're going through and look at some historical details."

Market Trends and Indicators: A Detailed Overview 

So now, the 12-hour. Since the last time I moved this, it's widened up, and we're still coming up to that long-term trend line. So, there's been nothing really going on in the last while. Just a lot of whale feeding and shark feeding. So now, with the 4-hour pinching down, we're still underneath, inside the one two-three top for that daily mean reversion. And it's important to map out the one two-three. And we have another one two-three that are up underneath.

So, I don't want to ignore those.

I've ignored them in the past, and I just want to take action on it and be light on my positions instead of being stubborn and holding if I am going to be going into a loss.

If it comes down past there, and I've done that in the past, so I'm just being aware of that and really coming in to watch it and see how that plays out. So here we are in the 1-hour. I'm just going to put move these bands over so we can see how pinched down that is. Then we can tune in later to see, does it break the one two-threes down below and break this trend line, or is it breaking the other trend line?"

Strategizing for Volatile Market Conditions "Because that gives us our little bit of action zone that we can start taking small positions that we can then scale in or start scaling out of wherever we are. This is a really good important point, and as well as being important, it's the most killer time to be trading with this with leverage. All the way through here, it's been absolute murder to take any kind of position on leverage."

Analyzing Relative Strength Index and MACD Indicators "Let's take perspective on the 12-hour relative strength index. While it is breaking our downward trend here, the breach, it's also making potential to breach the uptrend of this red line that I've got set out here. And if it breaks that trend line and it's breaching the one two-threes, we just got to respect it. Because as we zoom in on the time frames, it'll be very close to be moving us back into partial hold status. And if it starts dropping fast, it will have been wise to be light on that and go back to partial hold status on that one two-three as it's setting up."

Exploring Itchy Moku Cloud and Weekly Market Trends "So if we go into the MACD, it's a similar story to the RSI, except that it gives us more specific points for the crossover and for the histogram measurements. So, when the histograms are R and we're getting the crossover on the 12 and it's confirming the one two-three and the break of the trend line, all those things add together. I want to go into the Itchy Moku cloud, and I'm starting off at the weekly view because the weekly is wide apart, which to me tells me that that's as far up as we're going for a while."

Potential Market Movements and Preparing for Shifts "And I don't know the future. I really don't know, but if it's going to go, then the red must come up to the blue while the blue starts to pinch. And if we start getting that, that's going to be what I call the waterfall pattern. Normally you'll see the waterfall pattern on a breakdown as the red starts moving towards the blue on a consolidation. But if we get that red moving towards the blue on this consolidation breakout, that's a super confirmation, and it's going to go crazy."

The Log Chart Analysis and Bitcoin's Future Trajectory "But I want to see it in the closer timeframes because the 1-hour is about to cross into a bearish cross. If we and still give us enough room for it, it could come down here and do a nasty Bart, and it wouldn't do anything at all to the trend. That's perfectly normal Bitcoin tradability movements there. And Ichimoku is setting up to say that that range is within target. The 12-hour has been back and forth enough that it's annoying and it's starting to get ready to cross to red now as we are breaking these levels. That's another bearish confirmation and those targets hitting down to those levels where Ichimoku is saying."

Bearish Indicators and Altcoin Opportunities "The 4-hour is important because we're coming to cross that 200 period exponential moving average. Should we cross that and test underneath it, this would be a pretty bearish zone for a short term, and it would probably give us a spike down before we make the big move up. And that's totally normal for going up in an uptrend for prices to come back and wreck everybody who's got too large of a position. They're too highly leveraged, their stop is too close to the market, and they just get they're just whale food."

Exploring the Altcoin Market and Trading System Insights "Now let's go on to the next market. This is going to be the log chart. So here, what I'm looking at is we've got plenty of room for it to come back and smack everybody. But if I put this into a log view and then we put a uh let's clear that off now put this trend line into place. We do have some potential for some pretty crazy. So if we just grab a random not a random but a piece of chart that is favorable for my idea, drag this over, switch the size, and put this into place."

Analyzing Dogecoin and Altcoin Season Co-Pilot "If we are just coming off something like this, look, we could have a real smack right. We could have a real smackdown right now before we go up and hit towards the top of this channel again. So it could be a while, and there could be some real smackdowns in there. And we're seems to be setting up for that right now. So just be potential, just be aware of that potential setting up that we could get that nasty right now and just be light on your trades."

Final Thoughts and Workshop Announcement 

And it would be the perfect place with all of the news and the hype about ETFs and how it's going to transform everything. This is the perfect place to do that kind of big dump and then run things up from there.

Now I want to finish up with some details on the altseason co-pilot and just review what this has done for us.

Discord Insights and Trading System Implementation "I need to drag in our Discord conversation here from the 28th of December as we hit the peak.

We hit the peak number of hold status coins. I said

what's next?

Hold is get ready for what's next, get your stops above your entries, and start watching for the exit signal. We'll have the break of the trend line, the 123 top bre, and the EMA cross, and that we'll have to watch to see what's happening.

We can see the stages of the trade setting up in our chart. So here, we have the finished details. Here we have stage one of the trade where we deployed in early October, mid-October. Then we had a period of managing risk, things pulled back into a consolidation where we could do the add-on, and now we can see that we never know when, but everything topped out and started to pull back. We just got to follow what the trading system says, not what our opinion is because it really worked out well for this example."

Navigating Market Volatility and Identifying Opportunities 

"Where we had the alert status that let us know to get ready, and then we had some volatility that you would have to know your system in order to handle it through and manage the risk through this period. If you had been successful, this was a really good add-on position, and we had a pretty good clear top formation, double top, triple top, and it made the 123. It started to break, the EMAs crossed, and the trend line broke.

And I believe that the altcoins could be setting up for some great opportunities rather than this being a top formation and the continuation of the bare trend for the altcoins.

Exploring Dogecoin and Risk Management Strategies 

"I do believe that the alts may hit that deep pullback and the consolidation and the blast off before Bitcoin does. And so, normally, we'll look at Bitcoin using the Bollinger bands, but I am also looking at coins like Dogecoin.

Dogecoin versus US dollar is setting up to be a very nice Bollinger band mean reversion buy signal squeezing down. Now that we could make the 1 two three formation, it could break above these levels, and it would give us a pretty nice risk to reward ratio where we could be putting our stops into a range like this on Doge, around the 8 to 9 cent level, and start out our trades.

Strategic Positioning and Workshop Preview 

"If we were successful on this, and we were lucky to get a good entry on this particular pullback, the plan is much the same. We wait for it to consolidate, and we are looking for where to add on to that.

So, I don't want to put my whole trade on there; it could keep going down. I don't know the future, but if it does get in there, I get my stop above my entry. I want to sit for a bit and then I want to wait for it to do another one of these dumps, and then I get a chance to add on.

And we've already seen so many examples recently that I can't wait to do the upcoming workshop to teach more about this."

Altcoin Season Strategies and System Automation "So that you can put this into action and you're ready for it right now for what's coming up for 2024. Because it's probably not just Bitcoin that's going to be seeing these kind of growth patterns over the next couple of years. And of course, I can't say for sure, but we do have some examples recently where we pulled a nice 620% profit out of this token on bake and just a couple of minutes perspective here on the charts for the altcoin season.

You've got to check each one of them to see where they are according to our trading plan. So, if they have pulled back, then we should have released them, but many of the coins, they're breaking out, and they're pulling back, and they're testing above support."

Final Thoughts on Bitcoin's Prospects and Trading Philosophy 

"So those coins that have broken out, they're testing above support, and they make a one two three formation in any of these charts. If it makes a one two three formation, it sets us up with a risk profile that we could start planning to add on to this position. We had been into this successfully. Now we can add on to this without adding on risk. We can increase our position size without adding on risk. It is a fantastic system, and yet

this is a lot of work to go through all this, and I can't wait to share in the workshop how we are automating this entire system so that you can have this working for you.

That wraps it up for today's episode. I will thank you very much for being here through this long episode after no videos. I can't wait to see what goes on with Bitcoin. I hope it keeps going up, and at the same time, I'm prepared for it to watch it come back and do that pullback, and it's not going to phase my positions at all.

Great to have you along, trade safe, and keep those losses small."