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Welcome back to the channel I hope You're having a great day wherever you Are around this beautiful planet of ours Today's video is looking at the macro Picture of cryptocurrencies as they Continue to crash capitulate dump Whatever you want to call it they've Continued down this entire bear Market Without an even chance to breathe uh Basically what we want to figure out now Is how much further can these things go And is it still a possibility to hold on To these for the hopes of the market to Go up for the cryptocurrencies to go up And regain some of those major losses Here on those old coins now I'm going to Bring up some charts that we've covered Here on the channel for uh many many Months now looking at the breakdown the Capitulation and crashes of old coins And many of the warnings of why this is Not a great idea to be holding all coins In a bear Market the first I have here Is our total cryptocurrency market cap This shows many of the the levels the Breakdown levels ideas and reasons why All coins are not a good idea to be Holding specifically looking at the Technicals here so we had some of the First indicators back in late 2021 and Early 2022 when some of the major time Frames started to break down all the way Back here this didn't mean we had to Dump all of our old coins but it was
Definitely a safety call to say get the Hell out of all coins these things are Looking very very weak because on the Macro picture something like Bitcoin was Starting to break down as well you can See this is one of the biggest dumps That BTC had how does that help us now Well we're still seeing a breakdown on The total cryptocurrency market cap a Lot of these coins are still down a lot Of the lows continue to get broken Especially on the total cryptocurrency Market cap excluding Bitcoin in it so This is all of the altcoins now in a Recent video that I I did here on the Channel which is why I say subscribe and Like the content I've been talking about Warnings and titles and all this sort of Stuff for the entire bear Market Especially even in the bull market I mentioned that all coins are just Those things to make profits from don't Want to hold these things throughout the Bear market and of course I was met with A lot of uh you know rejection from Other people which is absolutely fine Probably means that we're doing Something right here not to Big note a Self here whatsoever I just want people To stay safe in the market take their Profits and wait essentially it's about Being patient which is what we're now Finding out the hard way So to the downside
Looking looking at these final Capitulation zones because some of those Comments from the video were well we're Already down so much now how can it Possibly go another 40 down like you can See here in the videos looking at Particular targets for the total Cryptocurrency market cap screening Bitcoin and eth and stable coins uh There's still a possibility of maybe Another 30 40 on these old coins so You're gonna have to assess whether that Is part of your plan to hold for that or Not but I want to give you another major Reason and why I don't hold altcoins Throughout bear markets based on Previous cycle history and it happens Very very often with the majority of Coins if you think your coin is not Going to be included in this list think Again it's basically 99.999 of all all Coins from previous Cycles will get hit With this particular uh Theory as well So to the downside here looking at these Final capitulation zones basically when Will this pain end for all coins this is The total cryptocurrency market cap Fortunately we're still holding out this Level around 760 billion but if this Starts to give way which is getting very Very close and we're not really seeing Any bounces so what you want to see is a Bounce from any of these support levels Because then that shows that buyers are
Actually coming into the market in a Stronger way than what they were Previously so if you're getting the Bounce and the bounce fails and then you Get a weaker bounce and a weaker bounce And weaker bounces it just means that The buyers aren't there yet they're not Willing to step in with their money and See any sort of value in these coins Regardless of what we understand about The fundamentals it's just the pure data From the charts we want to avoid buying On weak rallies we want to be buying up At lows and potentially some Confirmation of those lows being in so What we're seeing here to the downside If this level gives way around 760 we Have the possibility of coming all the Way back to the mid fives maybe High 600 Billion dollar market cap it's going to Be another 20 30 odd percent off the Current prices so there's 750 to the Downside about 28 29 somewhere in the Middle is going to be about 20 so that's The total market cap including uh the Stable coins as well that wouldn't be a Bad area for final capitulation if it Does go under that and we get somewhere Between 400 and about 530 ish that's Going to be a worst case capitulation Zone and still able to recover from from This particular level because it still Sits above previous resistance you can See we had resistance in 2018
You can say we had resistance in 2019 And then again in 2020 before the market Took off The worst case is if we start to break Underneath those previous resistance Levels you basically don't want to break Under that because this then extends the Bear market and the possibility of Further downside so we have that level Here Wicks are okay and if it just drops Into it quickly and we finally and we Recover out of those levels that's okay But if it starts to consolidate under These levels that's going to be really Really bad for all of the old coins and Potentially Bitcoin and eth underneath That level that's basically a very bad Capitulation Zone meaning we go back Into the previous accumulation zone of The prior cycle meaning this was just a Massive massive bubble without anything To support the bubble apart from Speculation what we've seen in the past So just to make that a little bit Clearer what we've seen in the past is That we do have bubbles but when we Capitulate when we crash and dump the Market finds Higher Ground here it Doesn't it will last time the last few Times it has not Fallen back into those Previous zones of accumulation which Means we are finding progress and the Bubble territory is just essentially Speculation people going absolutely nuts
But if we fall back into this Accumulation Zone probably means that We're going to be grinding out at these Levels for a lot longer and we probably Won't see all-time highs for the major Cryptos which potentially had a chance And so we definitely don't want to see It go that far down we want to see it Remain above these particular levels of At least around 400 billion probably Somewhere even better around above 500 Billion so that's the worst case stuff Looking at why it's probably not a great Idea to be holding altcoins because These are still all possibilities of the Market breaking down in these zones so If that happens it then increases the Likelihood of weaker of the next bull Market being very weak compared to what We've seen in the past we don't have any Confirmation of a bull market yet we Don't have any confirmation of a bottom Yet speaking of high risk situations the Total cryptocurrency market cap Excluding BTC and eth is breaking down So it has broken the previous low set in November this is going back to just the Video I did a couple of days ago now Looking at this particular Market Potentially breaking down another 30 or 40 percent that sets it all the way back At around 200 billion market cap and the Common question that comes up is I'm Already down so much what's the point of
Selling out now I'm just going to wait And hold and so hopefully I've been able To answer that in this particular chart Analysis here as to what what goes on in The market and the particular zones that We should be looking out for not the News not the the fundamentals not not Any other sort of noise that's going on Out there but the particular price Levels of support and resistance we want To see buyers coming in at particular Areas if they don't that means something Fundamentally is wrong and we'll hear About it in the news later but the price Is telling us now that there is Something really really wrong you're not There yet just something to keep aware Of And so with the total cryptocurrency Market cap we've got some breakdown Levels here including the old uh stable Coins in this one here but excluding the BTC and eth looking somewhere around That 200 billion stable coins at the Moment are currently about 140 billion So if we take those out of the equation 200 minus 140 gives us about a 60 Billion valuation for all of the uh all Of the cryptocurrencies so that could Still be around a 40 off the entire Board some are going to go down more so I'm going to earn less but overall that Could be a possibility if we get to Somewhere around that point this is a
Chart that shows a lot of the damage Happening this is the Bitcoin dominance Chart and in the last week as this is a Weekly bar chart here you can see that We've risen up we're hitting around 42 And a half percent dominance so Bitcoin Holding 42 and a half percent of the Entire spaces valuation to the upside We're looking at around 44 as a Potential rejection point so if Bitcoin Is able to get to this level the 50 Percent here that could then mean that We might get a bit of a rest on all Coins losing their value against BTC That brings up another important Point Why is it so important that we don't Lose value against the BTC value with Our old coins the reason is if we're Losing value against our old coins we're Taking on a lot more risk with our money Basically Bitcoin is risky as it is and Then the rest of the altcoins follow They're all extremely risky and so if We're losing value against BTC on those Old coins we might as well just hold BTC Instead and reduce our risk staying in The market is extremely risky and we Want to reduce the risk as much as Possible and so if we're finding that Our altcoins are actually bleeding out In their BTC value Simulate to what happens in many many Altcoins I'm just picking on Ada in this Case as you can see it's been bleeding
Out since the peak then it would have Been better to sell off Ada and wait for Confirmation of accumulation and then a Breakout and these breakout periods Don't last very long if you don't Believe me go and check the charts of Many almost every single altcoin their Breakout periods times for trading not Long-term holding uh few and far between And last only several months if I take This off log you can just see how bad This move actually is to the downside And we're just about to break further Down and potentially head back into this Previous accumulation zone for Ada Against BTC so make sure you check this On all of your other old coin charts to See how strong your altcoin is doing Against its BTC value look at it on Something macro look at on a weekly Looking on a monthly to get that macro Picture I will update this on the Channel as well so make sure you do Subscribe and stick around I'll be Looking at other altcoins in the future And showing you how to use this tool Here the ti game swing indicator is this Gives us a lot of insight as to how to Pick when the the Bears are flipping to The balls balls flipping to the Bears on The macro picture here what we're Looking for in terms of support and Resistance For Price targets uh stop losses and
Basically it's a whole trading plan Within itself so if you're interested in This tool here's the chill it's the Cheapest it is going to be this price is Going up very very soon one month 8.99 One of the cheapest indicators you can Find online and one of the most easiest To use and protect yourself and make far More profits save yourself a lot of Losses in the market as these particular Signals here when you start to see these Swings break down are extremely valuable Signals to say get the hell out of Positions even though you could be a Long way down from the top you can see Just how much money it can save you to The downside and this goes on any Particular chart I bring up once these Levels start to break down look at that Particular swing that would have got you Out of ADA at around a dollar eighty and We gave out many many warnings on Ada on The way down and this will be in the top Of the video description the link to the Ti again swing indicator get it while it Is still cheap it is going up in price One of the the cheapest indicators you Can find out there to save you a ton of Money so what we've covered so far are The total cryptocurrency market caps Just how far they could fall areas of Support and resistance on these market Caps so that we can then relate that to Our individual altcoins that we're
Potentially holding we can assess the Risk of holding altcoins with the Possibility of how much downside there Is and then the next biggest question Overall is should we continue to hold These altcoins even though they're down So much with the maybe hopes of them Going up in the next cycle and so we go Back to the Bitcoin dominance here and Then we can look back at the Cryptocurrency markets basically go to The cryptocurrency market caps here Between different Cycles my position is I don't hold any old coins throughout The bear Market get rid of all the old Coins as close to the top as possible Even at a 50 breakdown we know they Continue to go further and the reason Being is eventually Bitcoin takes back a Lot of those gains and the old coins From the previous a cycle just do not Make it they are not there in the next Cycle and so their moves to the upsides Can be extremely limited and just Picking on Ada again as an example here We can see if we take it off log you can See the previous cycle was very very High at around 9000 satoshi's the next Cycle top in 2021 was only at six Thousand satoshi's so it did go higher In a dollar value but it did not beat Its previous Bitcoin top and so holding These altcoins throughout bear markets And hoping that they get higher again is
An extremely risky play because you can Still get those gains on bitcoin trading Them different story but just holding And hoping from these top levels if you Bought it back then and going uh hoping To get higher prices again you would Have been better off selling the alts And then buying back now this is a good Example of an altcoin because some of Them never even made it this High we Could be here in altcoin value we've Still got this to bleed through and the Next altcoin value might only go to this Peak and then bleed off again and Continue down a clear example of that is Litecoin Litecoin being one of the Absolute worst cryptocurrencies to have Held since Inception you can see this Against the Bitcoin value where it's Basically gone down and down and down With more and more hopes throughout in Each bull market so this is down against The Bitcoin value and is trying its best To get out of the uh the bear market now So if this continues down it has been Better to hold Bitcoin than Litecoin for Pure profits because this keeps losing a Lot more value against its Bitcoin value High risk low reward that's not what we Want when it comes to trading that Unfortunately is the reality for a lot Of old coins once they've been through An altcoin season if your altcoin was in The season of 2021 probably the next
Time we get a match a massive altcoin Season it might not perform as well That's just based on history what we've Seen we can go back to the previous Altcoin seasons for example of 2017 Those all coins did not perform A majority of them did not perform as Well in the next altcoin season which Was in 2021 and eventually this is going To break down Bitcoin will break its Lows and we'll go on another major Altcoin season Bitcoin will lose its Dominance again and more all coins will Gain that back for a short period of Time but if we're still holding all Coins from 2017 we're probably going to See less and less uh gains from those Particular coins and the same deal goes For 2021. the reason is a lot of these Coins are absolute garbage there is Nothing behind them as much as the hopes And dreams try to tell us there is this Is just what we've seen over the course Of history and if you choose to play it Differently and believe that there is More behind a particular intangible coin That's online I'll leave that one up to You guys but for now I hope you are Finding a ton of value from this and Liking subscribing check out those links In the top of the video description Especially for our free report and the Ganswing indicator which is going up That's it for today's video check out
The videos popping up on your left hand Side right now and I'll see you guys Back here tomorrow for a big one on the Macro Lookout of s p 500 and of course Bitcoin until next time peace out
