this makes a lot of sense. You are one of few expecting another wave down before we take off. The CT permabulls have all been shouting for 100-300k in december and they are the only ones people listen to sadly. You are probably the most skilled person I know of when it comes to TA.
We're dealing with a flat correction for sure but it has not gone too high above the previous top, which makes me think it will retrace back close to 30k before resuming the uptrend.
Superb podcast here. With the markets having less order executions; situations like this are best hedged with sustainable positions especially bitcoin inverse contracts, as price strongly deviated against its long term mean average. The further it deviates the more momentum for a reversal to the upside. whales are currently in a liquidity grab at the lows. I've had series of trading losses I'd best not mention before being introduced to Mr. Callum Lucas. His careful guide and employing his Signal for my trades orders has been a great experience. Callum's signal algorithm are based on combinations of unique strategies.
Sometimes realistic factors discourage people from reaching their goals in life. I've tried investing in crypto several times but always got rected by volatility. Will definitely reachout
Great analysis. I was pegged to the December theory and I think you've got me convinced. The other thing that's more inline with fundamental analysis is that no one's really talking about BTC just now. It was all over the radio and web in April before the crash. You need that kind of excitement to drive a blow off top and I don't see it happening if BTC is just going to creep up to $75k.
Just to add to this that there is one factor that could wreck it all and that's if the US stock market crashes in the next couple of months. It's topping out pretty dramatically right now and a pull back on that wouldn't be healthy for BTC. Or at least it hasn't been historically.
@@DavidJones-fu6cq simple ROI is peanuts compared to other coins. I looking for ROI gains. Would you rather have a coin at 45 k that might gain 100 X, or invest 45 k where you can gain 1000x to 3000x? That is why.
In 2013 the top was in nov not December. Also, post halving the peaks are getting longer. 2012 halving price peaked 12 months after and in 2016 halving the price peaked 18 months after. I got the peak in may of 2022
Great video man, very convincing. This is honestly the 1st time I hear or see the evidence of the other side of the argument on a lengthening cycle and I believe you may be correct. It doesn't make sense anymore to have a blow off top by end of year or even to be in a bear market yet. Your explanation is the only thing that makes any sense at this point and is very telling. Thank you for that 🙏 Please do XRP next 🙏 😉
Credit where credit due sir, called it when a lot of people said blow off top late 2021, would you be kind enough to do an video of where we are at now in the chart and if you believe we are still on track for the blow off top and ultimately the 5th and final wave this year?. Thanks man!
Wow - just watching this now after your tweet today. Interesting thesis. I've also been wondering about the 4 year cycle and thought that it all seems too simple for price to have topped at the exact same time period of the previous high in 2017. Will be interesting to see how this plays out from here.
Agree with your TA, leg 2 took us 259 days to complete and only now we are getting to the same day count as a running flat. Only on a macro scale I think we are in super cycle and we will touch former ATH and wil go deeper and longer in the coming bear market. This by the global economics and the transfer into a new era. Just a humble opinion 😉
He missed Dash, too. I'm more in-line with Scientific Investor, Benjamin Cowen, and now Credible on this. It's all about the macros, something BCB seems to miss.
And ADA, and ETH, and DJI, and DXY and many more, bcbacker is only right until he's wrong ! He certainly have credits for calling 75k when we were at 10k but that's about it (and we haven't even reach it yet)... The whole I sell some btc at 50k in jan because I expect alt season and xrp run up (like in march 2017) is obvious because after every run up, the money flow into alts. In april 2021 he thought we were near the end because the TOTAL marketcap of altcoin almost reach its 4.236 extension and he kept repeating that someday somehow xrp would go on a surge to 10-13$ ALONE because he expected rotation in the market IE -> eth to top a 3k and that eth money would then cycle into xrp... I don't have to tell you he was all wrong there. Now TOTAL marketcap of altcoins surpassed its 4.236 fib and he says I don't know where its going but we will top soon enough, meh.
We are just 30 days away to find out if you are right or....totally wrong. Looks like you are missing that the last push in 2017 after that higher low and blow off top you mentioned in the blue circle.... just lasted around 30 days and not months and at that time BTC made 125% in those 30 days, so basically this is where we are now exactly, about 30 days or so from the end of the bull run and if BTC makes again 125% in 30 days it will take the price up to approx $127k, the thing is that BTC is not gonna make 125% again but probably less. 30 days to go. Previous cycles all lasted 4 years but this one...is going for 5. Probably Not.
brilliant video and a completely different take from one of the very best. if this is true, we will likely all need therapy by the time this rollercoaster run is over especially when taken in consideration of the insane state of the world right now.
So we are 3 months further, any updates? Looks bearish as fuck to be honest. Do you still believe in this TA or general idea? Thanks for letting us know !
Still, a smaller bear market cycle is possible, making a correction after December to the 24k level. Also, the difference after the major correction with the previous all time highs has also diminished significantly. Pretty dramatically so even. Which makes me wonder how the difference after a major correction with previous all time high will look like. And another thing, I do believe that the btc market has been increasingly correlated with the legacy market and I don't know the S&P will continue to soar in 2022...
Wouldn't this then suggest alts continue bleeding/crabbing for months while BTC rallies higher? In particular XRP since historically it has only really ever pump massively after BTC reaches its peak. The gains on BTC are abysmal at this point so I'm 100% alts now. Personally in the camp of BTC peaking earlier.. for the final alt szn to begin..
Does $43k seem reasonable for that higher low in your running flat scenario? Then from there we get the blowoff top like everyone is expecting. I've only seen this from one other TA who doesn't really care about crypto, only cares about day trading EW counts and this is one of his current ideas.
aged really well. running flat played out
Time for an updated video !!!
this aged well
Can you make an updated version of this?
This is spot-on. Dani at Scientific Investor has been saying this all year.
@@zaoyang It's a youtube channel not twitter
ruclips.net/video/vgDtQzN3Oa8/видео.html
I just watched your video, wow. Everything happened/happening as u predicted. Now it is April 2022.
this makes a lot of sense. You are one of few expecting another wave down before we take off. The CT permabulls have all been shouting for 100-300k in december and they are the only ones people listen to sadly. You are probably the most skilled person I know of when it comes to TA.
We're dealing with a flat correction for sure but it has not gone too high above the previous top, which makes me think it will retrace back close to 30k before resuming the uptrend.
You sure did come from the future
This aged very well
You are so clear this channel is a hidden gem for me
Superb podcast here. With the markets having less order executions; situations like this are best hedged with sustainable positions especially bitcoin inverse contracts, as price strongly deviated against its long term mean average. The further it deviates the more momentum for a reversal to the upside. whales are currently in a liquidity grab at the lows. I've had series of trading losses I'd best not mention before being introduced to Mr. Callum Lucas. His careful guide and employing his Signal for my trades orders has been a great experience. Callum's signal algorithm are based on combinations of unique strategies.
His signals always hit the right entry before huge volatility impacts the entire market. That's top tier..
Callum is onTE | EGRAM ! ''; @CALLUCAS
Sometimes realistic factors discourage people from reaching their goals in life. I've tried investing in crypto several times but always got rected by volatility. Will definitely reachout
Callum's strategis gave me the assurance that has made me invest without the fear of losing, I got 3 of my friends into his guidance already.../.
Investing in crypto now should be in every individuals list, in some months time you'll be ecstatic with the decision you made..;
This is a BCbacker vs Credible crypto match going on 😂😂😂
I vote for BCBacker
I respect both of them. But yes, it's going to be interesting to see who's right :)
Yes both respected analysts, be very interesting to see who is correct. Total opposite viewpoints and analysis.
@@masterh49 that's just PTSD talking
I would love to see them both talk to each other. They're both great.
Great video man. We are wainting a new video 🙏 🙏
BCB just started itching all over
Confused now, i was convinced by BCB's bear market theory and now I'm convinced by this haha - great video
Your analysis is so easy to follow. Learn something new every video. Thanks Cred!
Why is the audio so low on this? Can barely hear it on full volume on my phone.
Great analysis. I was pegged to the December theory and I think you've got me convinced.
The other thing that's more inline with fundamental analysis is that no one's really talking about BTC just now. It was all over the radio and web in April before the crash. You need that kind of excitement to drive a blow off top and I don't see it happening if BTC is just going to creep up to $75k.
Just to add to this that there is one factor that could wreck it all and that's if the US stock market crashes in the next couple of months. It's topping out pretty dramatically right now and a pull back on that wouldn't be healthy for BTC. Or at least it hasn't been historically.
Great VIDEO!! I do not own Bitcoin but I know the Alt market follows Bitcoin. I would like to see a video on XRP and CSPR if you hold the latter.
Why wouldn't you own BTC? That's mad.
@@DavidJones-fu6cq simple ROI is peanuts compared to other coins. I looking for ROI gains.
Would you rather have a coin at 45 k that might gain 100 X, or invest 45 k where you can gain 1000x to 3000x? That is why.
Watching this May 2022, bro you are insane😭
How did u predict this in December is beyond me man. Watching now and feeling amazed. Well done, really well done!
Thanks sir!
In 2013 the top was in nov not December.
Also, post halving the peaks are getting longer. 2012 halving price peaked 12 months after and in 2016 halving the price peaked 18 months after. I got the peak in may of 2022
Well… this didn’t age well
Great video man, very convincing. This is honestly the 1st time I hear or see the evidence of the other side of the argument on a lengthening cycle and I believe you may be correct. It doesn't make sense anymore to have a blow off top by end of year or even to be in a bear market yet. Your explanation is the only thing that makes any sense at this point and is very telling. Thank you for that 🙏
Please do XRP next 🙏 😉
Watching 5 months after this was posted, and it turns out to be quite accurate so far.
Wish I had seen this sooner. Well done. Now we are ready to run.
Credit where credit due sir, called it when a lot of people said blow off top late 2021, would you be kind enough to do an video of where we are at now in the chart and if you believe we are still on track for the blow off top and ultimately the 5th and final wave this year?. Thanks man!
Will make an update soon!
Nice! Thanks
Yes, please do an update lol
Shitload of valid arguments, facts, and very acceptable assumptions. Thanks!
Finally, some solid thinking here. Too many content creators don't have substance like this
Just watched for the first time,subbed and thanks for the work you put out 🙏🏼
Scary how close your running triangle 4th wave target happened to be...
Thank you, I’ve been saying something similar to your analysis and my friends kept laughing at me. I just shared your idea which I strongly believe in
Wow - just watching this now after your tweet today. Interesting thesis. I've also been wondering about the 4 year cycle and thought that it all seems too simple for price to have topped at the exact same time period of the previous high in 2017. Will be interesting to see how this plays out from here.
Yep...this video aged well!! 👌
Great analysis, love it. I don't even have an bitcoin but this is valuable information. Would love to hear your thoughts and analysis on CRO.
Agreed.. Being pragmatic about a market that is maturing is fraught with danger.. What happened before, may not necessarily happen this time..
Agree with your TA, leg 2 took us 259 days to complete and only now we are getting to the same day count as a running flat. Only on a macro scale I think we are in super cycle and we will touch former ATH and wil go deeper and longer in the coming bear market. This by the global economics and the transfer into a new era. Just a humble opinion 😉
This video is aging very well so far. Amazing. 👍
Thanks!
Playing out pretty accurately so far!
Really great analysis. I watched it only today (2022-4-28), and you were absolutely right. Kudos. You've got a new follower.
makes so much sense.
plus other credible (no pun intended) analysts also tend to longer cycles.
thx for your videos Cred!
Hmm didn't quite play out like theorized. "I don't expect it to hit $20k"
Would be interested to see an update to this
Always useful information, Credible. Excellent work. Please keep it up! 💪🏻
This is the best analysis I saw till now . Thanks for the video
Great analysis!
I think Block Chain backer is the correct one here. But time will tell!
He missed Dash, too. I'm more in-line with Scientific Investor, Benjamin Cowen, and now Credible on this. It's all about the macros, something BCB seems to miss.
@@siriusfun i just want to cash out and buy a house 🥺
yeah I also want december become the top, and before that, my bag should've pumped hard by 10X lmao
a bit tired holding in this long cycle 😂
@@christianpadron4730 That, too!
And ADA, and ETH, and DJI, and DXY and many more, bcbacker is only right until he's wrong ! He certainly have credits for calling 75k when we were at 10k but that's about it (and we haven't even reach it yet)... The whole I sell some btc at 50k in jan because I expect alt season and xrp run up (like in march 2017) is obvious because after every run up, the money flow into alts. In april 2021 he thought we were near the end because the TOTAL marketcap of altcoin almost reach its 4.236 extension and he kept repeating that someday somehow xrp would go on a surge to 10-13$ ALONE because he expected rotation in the market IE -> eth to top a 3k and that eth money would then cycle into xrp... I don't have to tell you he was all wrong there. Now TOTAL marketcap of altcoins surpassed its 4.236 fib and he says I don't know where its going but we will top soon enough, meh.
Thanks for sharing bro! Salam from Kyrgyzstan!
Cred is the best!
This didn't age well AT ALL
how about xrp and hbar full market top?
Your warning looks like the south park viewer descresion
Seems like all assets rising is until finish of QE. This mean - to the end of spring...)))
Nice work one question approximately when in 2022 would you expect the 5 wave blow off top thanks?
u got a new subscriber...when will u make another awesome video...im waiting
thank you for the education
We are just 30 days away to find out if you are right or....totally wrong.
Looks like you are missing that the last push in 2017 after that higher low and blow off top you mentioned in the blue circle.... just lasted around 30 days and not months and at that time BTC made 125% in those 30 days, so basically this is where we are now exactly, about 30 days or so from the end of the bull run and if BTC makes again 125% in 30 days it will take the price up to approx $127k, the thing is that BTC is not gonna make 125% again but probably less.
30 days to go.
Previous cycles all lasted 4 years but this one...is going for 5. Probably Not.
so are we going up this year? or we done and bottom in November
If this is a running flat correction, will you start counting 5 waves from this low around 42k to complete the bigger 5th wave?
It’s a bit more complex than that but that is the general idea.
Thank you. 👍
Lesson learnt: Follow quality TA like this guy ☝, and move away from Moon boys.
Awesome , massive info inflow. Thanks for being with the community.
Yeah a really great explanation, well done dude 👍🤸♂️
brilliant video and a completely different take from one of the very best. if this is true, we will likely all need therapy by the time this rollercoaster run is over especially when taken in consideration of the insane state of the world right now.
couldnt that macro 5 wave cycle be invalid because the 2 bottom phase was a major black swan event?
No- it likely just exacerbated the drop- hence why our Wave 2 went so deep (I believe it was a 90% retrafement of our Wave 1).
A fine wine here
I would like to know your opinion about the current state of the market. You did this very well
Honestly blockchain backer has been 99% right
Love the video and hearing your detailed thought process. You got a new follower!
You should watch Alessio rastani video about a month ago, title-i was wrong
Man, you really nailed it!
So we are 3 months further, any updates? Looks bearish as fuck to be honest. Do you still believe in this TA or general idea? Thanks for letting us know !
No change to this idea! Will probs make a new update soon once we get breakout confirmation.
You and secret of crypto are the only two guys who i trust their analysis.
This is great! Thank you for sharing!
Thanks for sharing your analysis
Well done sir. Making all this stuff make sense
Very well detailed video ......thanks man
So do you think the blow off top will in 2023?
When do you believe the blow off top will be?
Great video
It's hard to argue against this logic. Sub.
Still, a smaller bear market cycle is possible, making a correction after December to the 24k level.
Also, the difference after the major correction with the previous all time highs has also diminished significantly. Pretty dramatically so even. Which makes me wonder how the difference after a major correction with previous all time high will look like.
And another thing, I do believe that the btc market has been increasingly correlated with the legacy market and I don't know the S&P will continue to soar in 2022...
I'm new which is best for investment now
Thanks for your time and effort bro 👊🏼
This video is fantastic, thank you for all your hard work and what you share with the world.
This makes a lot of excellent points.
This is like a 5th time I'm watching this
Confluence of my favourite analysts all saying this.👍
Awesome job much appreciated!!
Extremely well done! Well done 👍
do you think lagging alts will preform? or is this time different and XRP dash dino coins etc.. never make their full extension?
love ya work but it kinda fell off a cliff their though
Wouldn't this then suggest alts continue bleeding/crabbing for months while BTC rallies higher? In particular XRP since historically it has only really ever pump massively after BTC reaches its peak. The gains on BTC are abysmal at this point so I'm 100% alts now. Personally in the camp of BTC peaking earlier.. for the final alt szn to begin..
I'm personally hoping BTC takes more time. Xrp won't break ATH without lawsuit end.
And I'll take bets with anyone who disagrees
Valuable video. I learned a lot from this. Thanks
How deep 4 wave correction you think can go, when we take in the fact, that after btc hold 20sma and 21ema in never went below...?
Great Videos!
Excellent work, thank you. A very compelling case.
Please make a update video🙏
Does $43k seem reasonable for that higher low in your running flat scenario? Then from there we get the blowoff top like everyone is expecting. I've only seen this from one other TA who doesn't really care about crypto, only cares about day trading EW counts and this is one of his current ideas.
Yes, anywhere between 40-52k for the higher low would be ideal.
@@CredibleCrypto Thanks brother, enjoy your analysis!
@@CredibleCrypto Wow this TA aged really well
Thx Cred appreciate it keep em comin!
Nice work man, really interesting, your analysis makes sense to me 👍
Think your missing the fibs and some maths here
YEARS away instead of MONTHS
Just watch Ln(price) = Ln ( Time) Bitcoin Power law