Bitcoin Double Top Cycle Theory Explained [AKA Max Pain Scenario]
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- Опубликовано: 6 июн 2024
- Will This Bull Market See a Double Top?
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00:00 Intro
00:51 The 2013 bull run
03:11 Monthly RSI for previous cycles
05:26 Weekly charts for 2013 and 2017
06:26 Relative Volatility Index (RVI)
09:02 Conclusion
#bitcoin #crypto #investing
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Disclaimer
Everything expressed here is my opinion and not official investment advice - please do your own research before risking your own money. Lark Davis (The Crypto Lark and affiliated brand Wealth Mastery) is not providing you individually tailored investment advice. Nor is Lark Davis registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Lark Davis is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency. - Наука
The only reason we reached ATH is because of manipulation by the ETF. The majority of retail is not even here yet and most coins haven’t really gone up.
Exactly! I've tried telling these people but they don't listen
Manipulation? You mean “buying?”
I will always remember when I first encountered your channel in 2018, you were trying to give hope for people who bought top few months back. It was big, one of the most important videos in crypto for me.
Thanks for sharing your knowledge!
Amazing content as always !
The double top in 2021 caught me. I held through both thinking one more blow off top was coming and then market crashed.
I still believe 2021 would have turned out differently if not for two disastrous real-world occurrences: FTX and the pandemic. When a huge amount of the world was locked down with no money coming in, it’s hard to sustain a bull market. This rally will likely continue the paths of 2013 and 2017 unless the commercial real estate market collapses prematurely. We expect a collapse within two years, but if it happens earlier, we may see that double top in 2025 as well.
Me too, I'm not making that mistake again.
@@techinrl9869 facts
@@tsaunders9340Most of us are in the same boat. Take 50% off the table when we reach 85k. You can use that to buy back in at the bottom
Second top was sbf with stollen Money, ones that knew it, followed his trades and short shit out of sbf into Oblivion.
Thanks Lark.. Appreciate it..
Good stuff Lark. Merci!
I think it's going to be difficult comparing previous years to this round.
BTC is part of ETF's now.. That inflated the price prior to it's post-halving pattern.. We didn't see that in the past.
Super Video, thanks!!! Many informations.
Hey Lark, this is one of the best videos I've seen from you in a while! I agree on everything. Wish you the best (follower from since 2017)
Great video Lark. Thanks
Love the historical stories mate 👌
😁Lark, best crypto commentary on RUclips, thank you.
Could there be a one-year consolidation to a cup and handle formation in Bitcoin?
Thank you!
Thanks for making crypto Content 🎉
Thanks gives me more to think about and more to be scared about. I guess it’s just terrifying. Anyway you look at it we don’t know and the chances of me getting it right seem to be pretty slim.
BTC buy rate?
A Yearn Finance was once $93K. Mid cap gem.
Always bringing sanity and reasonable scenarios to the table: thanks Lark.
I wonder what will happen but I hope it’s not the end
$100, $1000, $10,000, $50,000, etc etc. It will go past $100k, and then people will focus on $500k. Human psychology at it's best.
Agreed
We thougt the same 4y ago my man and we had the biggest crash ever 100k never came..the crypto veterans remember..be carefull
@otacmakarije352 I remember. That cycle was stumped by inflation/rate hikes...had nothing to do with Bitcoin or crypto directly.
So what you're saying is you don't know
BTC low rate?
Selling smoke like most crypto RUclipsrs..
Preparing to buy dip on Ownr wallet
But, but , but Lark, we don't want a double top.
Do you want one?
If we do the first top wasn’t 72k or whatever we hit last month. Why do people think this is the top? Relax everyone
I think as long as the second top completes. That could be sweet. It
Gives more energy to charge back up and pop the double top.
😂😂😂😂
You’d probably get a lot of correlation from the early years of the faang stocks
I have been studying BTC for 2 years now. The double too is fact, the RSI lark mentions is correct but there’s a lot of missing information here: BTCd, MACD, Bands among a few. Fact is we’re in a waiting game.
looking at past blips on the screen doesn't really tell you that much about what we are doing right now. those past blips are mirrors of what was happening at THAT particular time in the crypto market during that particular candle. so wouldn't you want to also talk about what was happening at that particular time in those candles and what is happening now in current candles?
Just make us rich, Lark... no more dips, only up lol
We kind of knew all possibilities are on the table but nice to hear it all in one video. Thx
Every time I think about taking profits I remember a tweet that Dan Held said.... "The best performing BTC wallets are the ones that owners lost their private keys". I want to be like them without losing the keys.
serious traders, look at the MacD signal on the weekly. The double top theory aint that crazy
Interesting
Big fan of the double…. Tap bubble and top
Sell half on the first pump, just increase.
SO NO ONE KNOWS SHIT. IS THE OUTCOME
I feel sorry for you if this was your only takeaways….
All the possibilities were presented and therefore it’s knowledge to prepare yourself better… not that complicated
You're wrong, I know something, I will HODL!
I mean, it’s the market. 🤷🏼♀️
Ooh no one can predict the future. You just learned that?
Everyone wants more of everything, and all the time, people keep taking things more than they need!
Summary: It could be today it could be tomorrow. It might get low it might get high
Two words: pandemic, FTX. I think those are the only reasons why 2021 was different than the other cycles. We have to hope the commercial real estate market doesn’t implode in the next year. Analysts are expecting that crash to be far worse than 2008. Most are expecting that crash to come in 2026 when most loans come due.
Lark is not very deep when it comes to technical anylasis. Double tops and macd crossovers. Wish it was that easy larky.
If we have a double top, that means no altseason
All your models are broken , when btc breaks out and goes to 150-200k you’ll sell price goes down and a few months later when it’s hitting new highs you’ll fomo back in sending it to 500k plus
So we’re going to compare 2013 to 2024, the year where banks are buying millions in BTC?
Charts don’t lie 🤷🏼♀️
History forsnt repeat but it sure rhymes.😂 But i think BTC forsnt crash below 30k this bear market. And in 2026-2027 BTC wont crash below 75k. Too much world adoption by then.
@@cyclingbrad4201 it’s not going below 30k again
😅😅😅@@cyclingbrad4201
Avax $400
in other words, TA is a joke
It’s astrology for men
Of course it is.
@@andywoods7935😂😂
It's just a way for degenerates to skim short term money out of the markets. Probabilities and what not. Few percent here , few percent there.
Not really man, if everyone trades based off previous TA then the TA becomes the reality
Alt coins are getting crushed eek
😢
Wealth is created over time. Take your double top and stack if that is the case.
Accumulate and wait many years for retirement and retire healthy and wealthy
Crypto has talked only down from here
We ain’t even close, waiting for Fed to cut rates and open the flood gates, then we will reach a minimum of 150k BTC. Next top is mostly likely middle of 2025 to beginning of 2026, then we can expect a huge correction again
😂I think I'm gonna call my psychic to get the correct timing of the Bullrun. LMAO. 😂
Latest on Brett?
@@suer3818 asking Lark
I’m a little nervous…I hold a decent bag, and if the CEX’s start delisting it, I’m afraid it’s going to go downhill. Will it come back later? Possibility. 😮
The hell with the youtube... one day these online youtubers are all telling us to buy buy buy the next day when market is shit... the come back with news and all telling us to sell..
Hi
Bullish🤓
Just HODL
What's the best way to make money from crypto investment as crypto is turning around massively ❤❤❤
‘The bows are drawing back’
Bitcoin and Litecoin reward halving supply shock effect flying down the track.... 🏹.🏹.....🌍
Last ‘round of halvings’ signaled the beginnings of the 2019 - 2021 price surge! Bitcoin & Łitecoin top 2 for payments🧚🏿♀️
This market is boring!
Be Patient Something Good Is About to Happen
Switch to Stock market and have fun
Institution milkin
Seems like a bull flag
Manipulated wealth distribution
All this FUD SO BULLISH 😂
Literally no fud just smart Ppl selling what they pumped... It's called profits
This was just a pre ejaculation. Standard Cycle timeline with a Super Pump!
Phalestina
He has a "team" of researchers translation a couple guys he follows on twitter.
REKTTTTTTTTTTT
Warning this warning that. Comon. Do better.
🐦⬛+🔪=💰
Firstieas
Poopinmypants coin will 1000000000000000x and replace every fiat
New Memecoin: GentleTITA for the future 100X 🐘
Too many videos saying the same thing a different way. Anything for money I guess.
The crap the SEC are coming out with doesn't help. I'm fkd.
Waist of 10 minutes here!
Hmmmm, I’m trying not to take my red pen out on this sentence. 😮
Just make a simple to point dont talk bs too much
Approximately 5 days until bitcoin crash begins.
Dude is creepy.
TOPPED OUT SORRY
lower your teleprompter we can tell your reading its bad and seems ultra disingenuous
so we already topped outt,, see ya in 4
Lark...still my favorite car salesman.🛻🛻🛺🛺🚑