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Bitcoin has been pumping uncontrollably for the last 7 days. Is the Bitcoin and Crypto bull market back on? Let’s discuss key a macro reversal signal to watch for confirmation of the trend changing! It’s a signal which called the April 2021 Bitcoin Top!
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Bitcoin has just given us a massive Reversal signal something that should Not be ignored otherwise we could be Regretting it very deeply over these Next 12 months this is a reversal signal That you're not going to see in the Mainstream media the mainstream crypto Influencer channels or anything of that Nature this is based on Gan analysis and Also Wyckoff analysis these particular Signals are something that we talked About here on the channel nearly two Years ago at the bull market top one of The major tops that came out and that Was in April of 2021 now I've got those Videos to show you as well just a small Snippets of what happened during that Period in terms of the market giving us Macro reversal signals towards the top Of the market you can see I've got some Things noted here this is something that We can learn very very simple beginners Can use this intermediates and advanced People can use this as well and this Gives you some really early warning Signs that markets are flipping and we Are in the midst of seeing another one Of these right now so while everyone is Still wondering whether this is a bear Market rally is this really going to Continue and should we see some downside People start to flip out and sell their Positions because they're expecting Prices lower than fifteen thousand
Dollars on bitcoin this particular Signal does not let you down in the long Term this particular signal has a huge Hit rate now of course we're not looking For anything that's 100 that doesn't Exist in investing there is nothing that Is 100 however this thing has a very Very high hit rate and like we've talked About this is based on Gan and Wyckoff Analysis something that we cover here on The channel in every single video this Is what I've been doing in the markets For over 10 years looking at again and Wyckoff analysis across stocks Commodities and now of course Cryptocurrencies as well so let's get Stuck into that in today's video you Know the drill hit that like subscribe Bell notification icon pumps the channel Out to a lot more viewers so they can See this in the early stages because Like we know this is not going to be Told out there in the markets and we Like to understand Market reversals as Early as possible So in today's video let's take a look at The 11 days up that we have just seen in Bitcoin basically going from that low on The 6th of January to the peak that we Just saw here on the 18th of January so This is basically 11 straight dates from That point you have the low and then Start the count from that next day there So we've had 11 straight days up now why
Is this so important this is extremely Important because it gives us major Signals that the market is flipping that The market is reversing you can see here From April that we had the 11 days down Now on the channel I was talking about This a lot let me know in the comments Section if you've been around since that Peak in the market since April of 2021 I Saw some comments recently from people Saying they remember that particular Time in the market in this video we're Looking for a reversal from those nine Day down to give us a bounce a little Trade signal but in terms of the nine Days down this is what was getting me Very worried that the chain change in Market structure and the change in Trend Was coming we had not seen 11 days down In the entire move from the low in the Market here so you've got the March 2020 Low and then we had also one of the Major cycle lows here so this is that First stage of that extreme optimism in 2019 but going forward from that Pandemic low when the market basically Took off we had not seen 11 days down Now the importance of this and why I Continued to focus on day counts more so Than trying to find the exact price for Anything in the market is that this Gives you an insight as to what people Are doing in the market and what they're Feeling in the market if you're seeing
Prices drop for 11 straight days down And what we mean by days down is lower Tops and lower bottoms as well so we Just don't want to see the tops go above The previous day's top they can close Higher like you can see on this bar here But you don't want to see them close uh Hit a higher price within the intraday Price action and that's what we have Seen now In the move to the upside so basically The same thing on the flip side in this Entire move we did not see any of this Bars action any of the the price action Within that day dropped below the Previous day until we just saw it in the Last 24 hours so this gives us a nice Reading of 11 days to the upside So this gives us an indication that There is a change of behavior in play Because what investors are doing is that They are finding a lot of strength in The market they believe that the market Is going up and this is coming in the Form of 11 straight days so they are Bidding up the price from a a low Point Higher and higher each day and this is The longest within any of this period of The bear market so it's basically just Giving you that market sentiment Indicator something we focus a lot on Here of course being your home of macro Psychoanalysis across real estate stocks And of course cryptocurrency as well it
Just allows you to identify what people Are doing in the market and what they Are willing to go and do with their Money pushing the price up every single Day in a row so this is based purely on The Gan swing chart which you can find a Link to as always in the the top of the Of the video description right here so Go check out that Gan swing indicator Because that allows you to quick quickly Identify these moves here by going to The settings and dropping it down here Going to the swing data change this Thing here and hit the bar count and so With that bar count you can start to see Where those numbers pop up so it gives You a nice fast reading and we've Exceeded any move to the upside within This bear Market rally so we can just Zoom into some of these areas and you Can see quite quickly two days two days One day seven day one day three days one Two two two you get the drill and so This allows you to do this quite quickly Now the other piece of analysis that We're looking at during this period to Let us know that the market was not Going to head up any higher amidst all Of the calls for 80 000 Bitcoin 100 000 Bitcoin it was extreme during the end of April and early part of May if you're in The market you may have recalled that The emotion to the upside was extreme Now what allowed us to identify that
This was not going to head up and what We can use now in the current market to Help us understand whether this marker Is actually going to fall any further is The likes of some of these Wyckoff flip Bars what I call a Wyckoff flip bar Basically you can see the extreme Pessimism or what we'll look for now is Extreme optimism in the bar and that the Market action could not overcome that Bar so we're looking at here in this Case was this particular bar that I Focus on a lot in April the top of that Bar was around sixty thousand four Hundred dollars so we're looking for a Move in the market to go above sixty Thousand five hundred dollars and every Single day we had more and more action Trying to get above that top and the Market just could not do it the reason For that being so important for the Market to get above it is because this Is the time period but this was the the Day that the sellers took control of the Market and basically wiped out a whole Lot of stops and trapped a whole lot of Buyers in the market who bought the peak And so if we could get back above that Bar that would then indicate that these Uh the buyers were back in control and They saw value above the day that Stopped out a lot of people and caught a Lot of people off guard it couldn't do It and that's what that was exactly what
We were talking about here on the Channel as the market was really trying To climb up to that this was done back On May of 2021 so nearly two years ago There and so from that point because I Couldn't get it it was just a matter of Time until the market rolled over and Dumped just a little more than 50 Percent in a matter of weeks now fast Forward to today and how can we start to To use that well we've got a few days Here that are extreme volume days and Those days are this one here on the 12th 13th and 14th of January so I'd probably Look back to around this day here which Was basically the big breakout this had The most extreme volume out of anything The market had seen since the FTX low Scandal where the market collapsed there So you can see that there was a lot more Buying happening on this particular day Here and so what we could look forward Moving forward is if we were to see any Of this price action anything on the way Down overcome this entire bar that would Then set us up for a longer accumulation Or even worse potentially testing 15 or 15 400 and dropping lower now this is Just based on the data from the charts The tape reading that I'm doing here Using Wyckoff again analysis tape Reading as I used to call it when the The prices were printed on a tape back In the early 1900s before computers came
Around gives you an indication of what Buyers and sellers are doing in the Market to determine those strong and Weaker points in particular bar patterns And so this is one of the bars that I Identify as being a strong Market Momentum flipping bar here so if prices Were to go under this probably that's 17 9 17 900 remain under there for too long Then we're looking more likely that we Would see further downside because Nothing is 100 we need to understand if We are wrong in this analysis or if we Are right and we're ready to buy those Dips for the upside because remember Right now what's going on is a lot of People are calling this a a bear rally a Bull trap and they are expecting a lot Lower prices so we're trying to be Prepared for both but we have to take Action on one of the sides and my side That I'm taking action on is the bull Market the bull market is more than Likely back on and more than likely Probably seen that low here this is Going to take months could take all the Way through through 2023 and 2024 I'm Not saying we're going to new all-time Highs from this point but just using What we have seen in the past and Hopefully I've demonstrated that to you Of what we've done here on the channel Publicly now that was nearly two years Ago at that Peak looking at that high
Looking at day counts in particular to Identify the strength in a market basic That flipping power hopefully that gives Us a little more insight and Confirmation that we could be better off Looking to the upside look into this Being the start of a bull market rather Than being fearful of prices dropping Any lower now of course we have a couple Of other indicators as well we've talked About those on the channel make sure You're subscribed and like the content I'll leave some videos at the end of This one so you can go and check those Out because we need a mixture of all of These signals to come together these are Just some of the signals that we can Identify early on in the piece to give Us that confirmation and that confidence Early on in the trend rather than wait For too far when the prices have Increased and you have a lot of the Retail coming back once we sort of break That 50 000 to 70 000 area now you Thought I was done with you but I need To hammer this home even more because I Think this is going to be a major Pivotal time in the market so let's have A look at the previous bull market to Bear market flip cycle in 2017 so this Is the peak right here 17th of December 2017 five days down in this particular Market so I'm not talking about it Having to be 11 days but what we're
Doing is counting the days to the Downside compared to any other swing to The downside within the macro Trend you Can see the macro Trend was all the way Up in 2016 and 17. we need to lay this With some other indicators as well but If we're just looking first up purely at This swing chart as I said there's a Link to this in the the top of the video Description if you want to learn more About it definitely go and subscribe to Our free newsletter over there that's Our investor Insider report that comes Out once every two weeks go through Bitcoin stocks real estate cycle lots of Heavy Alpha in that and we do use the Indicator a lot so you can learn more There basically with this here we saw Five days down and in any of the Previous swings to the downside the most That we saw was four four three three Ones uh zeros on the same day here but Basically one to three days to the day Downside now what that tells us is that There is a momentum flip coming the Change in trend is coming it's obvious After the fact but during that period This is where a lot of people were Buying the dip and it's easy to get Caught up in the market sentiment during That period because it had just been Going up for so long the same sort of Thing happens to the the downside that's Why we use these rules on a a flip now
We use these same sort of rules in a Bear Market as we do in a bull market to Identify whether the change in behavior Is occurring as you can see from any of These swings after the market had Basically started its long charge the Most you had was four days there's the Odd occasion here that there was a six Day move as well but this had a lot of Inside bars and the volume was just not As Extreme as the peak itself and it Didn't take out any other swing bottoms So when you layer this with multiple Other indicators it really starts to Tell you that there is a market momentum Shift coming and it's coming in a big Way so what do you think about that Major macro signal do you think it's all A bit of hot air or do you believe that This is going to be a major turning Point in the market and we've probably Not definitely but we've probably seen The low happen for BTC at around 15 and A half thousand dollars back in November Of 2022. let me know in the comments Down below your thoughts and if you want A little more information and trading Education go and check out Michael's Channel a link to this is also in the Video description Michael explains how To use this tool in short-term trading So go check out his channel link is in The video description otherwise check Out those videos that are popping up on
Your left hand side I think we're Flipped that's my opinion based on the Information that I've indicated on the Charts here let me know in the comment Section your thoughts meanwhile you know The drill like And subscribe to the Channel I'll see you the next one from Dubai until then peace out
