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The Daily Golden Cross and Weekly Death Cross on the Moving Averages are a hot topics atm in the Bitcoin and crypto world. Let’s break down what this means to the investor and where and why traders are selling before a potential big move on Bitcoin.
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We should all be very familiar with Shifting narratives across Bitcoin the Stock market and real estate and today's Video is no different we're covering the Shifting narrative that has now gone From the Bears flipping into the Bulls This current narrative is based on the Golden Cross but I also want to show you Where the Insiders or the smart money is Selling and where is a good possibility To be entering the market again if you Haven't already smash up that like Button subscribe to the channel Bell Notification icon and if you haven't Already check out the link in the top of The video description our free crypto And economic report will be emailed to You once every two weeks no spam only Deep Alpha alright guys let's start with The headlining Topic at the moment and We know that this tends to shift so Often so let's cover it and see what it Actually means for the market before we Get on to the selling that is is Happening in the market and where the Next buying opportunities are so this is The Golden Cross we have the 50-day ma The moving average moving above the 200-day moving average essentially this Is seen as a bullish move but of course The moves already happened from November Like we've been talking about here on The channel where we've seen multiple Indicators signaling that this is
Probably the bottom for Bitcoin I'm not Going to say it's a hundred percent the Bottom but it's likely that this is the Bottom just like we talked about in June As well in mid-june where we thought This could likely be the bottom but if The market did go lower it's not going To go that much lower so the November Low that came in was perfect for the Timing of the cycle being about a year Down from the top so that gave us the Timing aspect and then in terms of price The price was not that different to June So buying anything under 19k like we Looked at with our Bitcoin cycle buy Zones has obviously been a pretty good Purchase we're not out of it just yet You know we're a few grand above so Maybe we do come back down to that 20 We'll wait and see but essentially Anything from June buying as much as you Can according to your own trading plans Has been a pretty good option and so now We start to see the moving averages Catch up with what we've already thought For the last seven or so months and so This is the moving average going above Now we also have the death cross Happening on the weekly moving averages So basically the uh the 50 dropping Below the 200 on the weekly chart here But let's just make it nice and simple And we'll just stick with the the daily Moving averages now this isn't something
That I would be using for my trading but Just looking at some signals for a more Macro play is is what I like to look at When it comes to the moving average as You guys guys may know all my trading is Based off the Gan swing indicator as This gives us signals closer to the Market and more confirmation than what a Moving average does because this is Based on over 100 Years of data across All markets anything with a chart this Tool covers so let's take that off for Now and essentially just have a look Back at what has happened with the Moving average and so I want to go back To the previous cycle and just look at The golden crosses that have happened in The market here we had the first one Here as the market already started to Pump out of that low so kind of similar To what's happened now and at the exact Time so depending on the time frame that You're looking at some people are always Worried about the very short term you Know the the days you know if this video Goes out and the market drops they say Well it's dropped from that point and You go well look at the next two months It was up from that point so it's really Going to depend on your time frame you Can see the Golden Cross happened around Mid to late April there was a day or two Down and then the market took off from That point so there's your golden cross
And that's basically the first one Within that cycle there was a death Cross so the bear Market Trend had the Death cross that was the 50 going under The 200 so when the red line is above There's your death and when the the Yellow line is above there is your Golden Cross Amanda colors nice and easy To use here and so we had that Golden Cross we already knew the Run had begun And then we had the death cross Market Pump from that point and then came back Down then we had another short-term Golden Cross Market drops and then the Death cross again uh finally Golden Cross and then of course the rest is History from that point we went all the Way up and finally had that next death Cross Golden Cross and of course death Cross and so the thing I've looked at Before on the channel is how many times Has this come up so this is the Transitional period That's What I want To look at here for BTC so we had one Golden Cross we had two golden crosses And we had three golden crosses that's All within the bear Market or Transitional period going from that bear To the bull which some would call the Accumulation and I want to get onto that And look at where and these investors Are selling and then where the next Levels are for buying based on the the Selling that is coming in we take a look
Back to the prior cycle again so this is Through the bear market and the Accumulation phase just looking at the Daily moving averages we had the death Cross here there is a golden then the Death so there's we'll call this one Then we'll call it two because that's Another Golden Cross and then our third Golden Cross obviously the Market's Already pumping by the stage but we had Three golden crosses again And basically from that point that's the Last of the major bear markets we did Have another couple of short-term bear Markets but we only really got one Golden Cross this was back in around 2012 so early 2012 then the market took Off from that point so this isn't really Enough data to say that we're going to Have three golden crosses before the Market takes off but what I like to take From this is that it shows the Inconsistency of the trend which which Essentially confirms the transitional Period of a market and transition Meaning we have the Bulls in control Then we have the Bears in control then The Bulls then the Bears then the Bulls And it's basically a time for the market To be making up what it wants to do next Making up its mind where it wants to go Next and if we continue to remain with The market so continue to follow up on Your own analysis check your charts stay
With the market continue to invest However you see fit you'll begin to get A feel for how this Market is moving and You'll see the Ebbs and flows of the Market and start to see where that where The lows are coming in getting those More macro higher lows which start to Give you that signal that probably the Balls are beginning to regain macro Control compared to the Bears like the Bears had just done in the the previous Section of the market so I don't see This happening for the market running Off to newer time highs from this point But at least it gives us a signal that We are probably beginning to get into That transitional period and it's a good Time to stay with the market it could Take one year it could take 18 months Before we actually find our way out of It and confirm that the bull is on where We start to break a whole lot of tops And we just don't see those prices again The amount of time that it took to go From the cycle bottom to that final Golden Cross before the market broke out In the previous cycle was 5 523 days so year and a half or Thereabouts so that was the three golden Crosses the market took off from that Point so it was still a pretty long Transitional period if I go back to the Previous cycle this one was of the bear Market 2014 and the accumulation Market
Of 2015 the day count from the cycle low Using the January low here to that final Like you can see here the final Golden Cross was 286 days so roughly about half The time what the second cycle took now I'm not going to say that the current Cycle being the where the third cycle is Then going to double the previous cycle Of 500 or so days and we're going to be Down in these ranges for a thousand days I don't think that is is likely I think It's going to be something more within Those two particular ranges maybe the 200 days maybe the 500 Days nonetheless We'll be able to see those signals Before it happens but either way the Point of this is the transitional period Can take quite some time a year year and A half like we've looked at before but Within that transitional period we know That the ranges can be quite significant In the case of 2015 it's approximately 100 going from that 150 160 bottom to Those tops at around 300 we know the Next cycle in 2019 2020 was Approximately 350 going from the lows of 3000 to those peaks of 14 000. so there Is a lot of trading opportunity there Are going to be many many tops Intermediate tops before you see some Plunges so it's going to come down to Who you're potentially following or the Analysis even better the your own Analysis that you're doing to say
Whether these are significant tops in Your uh View and whether you're going to Be buying any of these sort of bottoms Or you're waiting for a breakout of These tops there are going to be a lot Of tops I'm going to make that really Really clear because we're going to hear That a lot and people are going to be Quite confused thinking that this is the Top and then we're going to go back to Lower prices than previously but once You've gone on quite a significant run It's probably unlikely not impossible But probably unlikely that you're going To see some more severe downside past The previous cycle low so if we start to Head up further from this point here at 22 or 23 000 and we break 25 and start To test 30. it's getting less likely That you're going to see a test of 15K Or 16k or for some of those unfortunate Bears a breakdown of 15K down to 14 12 10 8K 9k in the case of some analysts Out there so the further this thing goes On the more unlikely it is that we're Going to break down especially if we go On and then hold support at higher Levels which brings me to where the Investors or the smart money is selling And where those next support zones are Good opportunities for buying we're Looking specifically here at the Wyckoff Accumulate Nation now before I jump into That just a reminder to like subscribe
Because this is the stuff that I go Through every day on the channel here Looking at the market sentiment looking At the Wyckoff accumulation looking Again analysis in particular our swing Strategies that we use and if you want To stay up to date for free check out Our crypto and economic report link is In the top of that video description It's absolutely free and it's emailed to You once every two weeks this is where You go here drop your name and email and Click that subscribe button so the next Thing we are looking at is this Accumulation phase of Wyckoff and if We're to believe that this is where We're at the accumulation then it's Potentially phase D that we're now Entering so what does phase D actually Mean for the market well let's scroll Down have a look essentially phase D is Where the evidence of the pattern so This is the strength signs of strength Start to show up as well as the Reactions so basically where the market Tops out which is what we're talking About today where the possibility of Some selling comes into the market Because the smart money or at least the People who are manipulating the market Need to figure out whether there is any More Supply available in the market so We have to start selling to come down And test those lower prices basically
Where we currently sit maybe we don't Head up to new heights from this point But either way even these smaller ranges That Bitcoin is experiencing from 24K Down to these lows here at 22 and a half K this is all a test of where is supply And demand coming in so is there more Supply coming into the market to drop The market down to then go and test the Demand the demand is essentially the Buyers are the buyers coming in and Stepping in at higher and higher prices If so let's mark that price back up test Where the supply comes in test where Those sellers are coming in to dump Their Bitcoin again and start to head Down and so this is the dance that's Going to go on for what I think several Months probably looking at like we've Seen in the past sort of 12 months 18 Months and the dance can be on shorter Term time frames or longer term time Frames you have the shorter term stuff That is going on in those narrow ranges Like we've seen through November and December and it also happens on the Longer term time frames and those those Bigger moves in terms of say the weekly Chart or the monthly chart like we've Seen in the past and this is the dance Going up to the high Big Supply came in At 13 900 and that slowly began to dump The market so the dance begins again and We get the weakness the dump and the
Dump and that final dump so that's what We're we're looking for at this point in Time so where is a good place to buy What does the rest of this mean to the Market looking at particularly phase d Well the last Point Supply so LPS's in This phase are generally excellent Places to initiate or add to profitable Long positions so even if we haven't got Into the market yet and we've waited This entire time any of these last Points of Supply are great places to Start entering the market based on the Wyckoff method here now remember we are Trading this Market people call it Investing it is trading if you're Looking to make a profit and take uh Sell the Bitcoin and then go and take Fiat currency or whatever else gold Silver I don't know then that's trading Even if it's one year three years five Years ten years it's still trading the Markets maybe you plan to hold it for 20 Years or forever then you can call it Investing but the majority people are Trading they call it investing but Essentially they are trading so that's What we're going to call it Traders here And look for those points of Supply or At least those last points of Supply Basically where the market starts to dry Up because it's the last Point there's No more Supply coming into the market Which forms a higher low and the market
Moves from that point now if the supply Does come in then Traders smart money Will have some stops in play they will Look to lower levels and after they've Bought up this level they don't see the Rise that they're expecting and the Market goes against them they will have Levels to sell out again as the market Breaks down that is called a stop loss And this is something that needs to be Implemented in everyone's trading Strategy their investment plans whatever It may be so that if they are wrong and This isn't the last point of supply and The last point is supplies Supply is Lower then you have a trade that you now Have a limited risk on so back to the Accumulation phases here we're looking At the last point of supplies the LPS The Bu which is the backup and more of The LPS's and so we're looking at this As potentially being the the phase D and This is the sign of strength these Peaks Like we can see from the chart here this Is potentially the sign of strength like I've said none of this is a hundred Percent confirmed until the market is Out of this Zone and breaks those tops And confirms that this was the trend It's the same deal all the way down you Can start to label up any of your your Wyckoff schematics on the way down but If the market breaks down Hopefully we get out and we just start
To form the next accumulation or Distribution schematic on the way down That's why it's still important to have Some stops in play which is why I talk So much about it before because at the End of the day no one knows 100 and all We're doing is weighing up the Probabilities and entering the market as Best as we know how so last point of Supply the levels that I'm looking at Here on the chart are around that 21 000 Maybe it's slightly lower here at twenty And a half thousand uh you know that Level I've looked at many times before Around that twenty thousand seven Hundred so call it a nice easy round Number between 20 and 21 000 I think is going to be a pretty good Uh level of further accumulation we have To wait and see whether this is going to Go lower or if this is the point where The demand comes in and we start to head Up again because we just don't know from This point and we want to see what those Uh sellers are going to continue to do What we do know is that the sellers have Been in control for the last one two Three four five days until today now the BLX chart doesn't show the current day But we can see that on any other chart Here where these last couple of days or Last day was up green and currently We're just sitting at a new open as well But this is one that I've got all of the
Data on here for the Wyckoff schematic So really the sellers have been been in Control for about five days which is Longer than anything we've seen in this Whole move to the upside so although we Do see some bounces it's going to be Critical to see whether the buyers can Step back in and break above 23 23 900 23 800 or around that 20 uh where we're Looking around 23 000 again that's where All of these tops are coming in which is Why we're looking at it as being a Critical level for the buyers to regain To move higher of course if we're trying To enter at the lowest price possible we Want to see the buyers fail the air step Back in and continue to sell off into This market like they have done for the Last five days longer than any period Since this Mega Run started in late December and early January so it's Basically been the strongest period in Terms of time for these sellers so During these phases if in fact this is Coming towards the end of this first Accumulation phase and maybe that 12 Months started back from June I don't Want to get too greedy here and expect That we're going to go back and test 17 16 or even 15 okay I want to ladder back In on the way down if we do break Further that's going to be good we can Get cheaper prices but if we don't I Don't want to be greedy and wait to see
This Market head higher just to not be Able to get that cheaper Bitcoin but the Upside to that is the confirmation would Begin if we break above 25k and find Support above it then at least we have More confirmation that the Bulls are in Control the more macro balls are in Control so it's a game of probabilities Where does your risk appetite lie let me Know in the comments section down below You're looking for that opportunity Further down that that Greed for the Lowest price possible or are you Starting to come to the realization that Maybe this is part of phase D in the Wyckoff accumulation and potentially Over the coming weeks or months which I Think is probably more likely over the Coming months we start to head into this Phase e where we break out of the Trading ranges and and work our way Higher let me know in the comments Section down below while you click the Like button subscribe to the channel and The free economic and crypto report down There as well and a quick shout out the Shill at the end of the video to our Channel sponsors by bit bitget and Swiftx that's your trading platforms Over there with thousands of dollars of Sign up bonuses stay safe out there guys I'll see you at the next video with more Macro cycle analysis don't go anywhere More videos are popping up on your left
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