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
    Subscribe for more great crypto videos / @thecryptolark
    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.
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Комментарии • 136

  • @Babylon6969
    @Babylon6969 Месяц назад +16

    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.

    • @user-qi8kf4zu8i
      @user-qi8kf4zu8i Месяц назад +2

      Exactly! I've tried telling these people but they don't listen

    • @_outofphase5480
      @_outofphase5480 Месяц назад +1

      Manipulation? You mean “buying?”

  • @maciejkarcz9083
    @maciejkarcz9083 Месяц назад +7

    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.

  • @lampsbright8062
    @lampsbright8062 Месяц назад +2

    Thanks for sharing your knowledge!

  • @W4Aw
    @W4Aw Месяц назад +4

    Amazing content as always !

  • @rj-wz7do
    @rj-wz7do Месяц назад +16

    The double top in 2021 caught me. I held through both thinking one more blow off top was coming and then market crashed.

    • @techinrl9869
      @techinrl9869 Месяц назад +6

      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.

    • @tsaunders9340
      @tsaunders9340 Месяц назад +1

      Me too, I'm not making that mistake again.

    • @bitcoinbeast
      @bitcoinbeast Месяц назад

      @@techinrl9869 facts

    • @goldknox9629
      @goldknox9629 Месяц назад

      ​@@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

    • @lurker668
      @lurker668 Месяц назад

      Second top was sbf with stollen Money, ones that knew it, followed his trades and short shit out of sbf into Oblivion.

  • @raym6747
    @raym6747 Месяц назад

    Thanks Lark.. Appreciate it..

  • @coenjohanknegt4220
    @coenjohanknegt4220 Месяц назад

    Good stuff Lark. Merci!

  • @JohnD-JohnD
    @JohnD-JohnD Месяц назад +3

    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.

  • @d.luk.oc.mo.9572
    @d.luk.oc.mo.9572 Месяц назад

    Super Video, thanks!!! Many informations.

  • @NovemDecem
    @NovemDecem Месяц назад

    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)

  • @happybrownmonkey
    @happybrownmonkey Месяц назад

    Great video Lark. Thanks

  • @issacfynn9922
    @issacfynn9922 Месяц назад

    Love the historical stories mate 👌

  • @gabrielleparis3532
    @gabrielleparis3532 Месяц назад +15

    😁Lark, best crypto commentary on RUclips, thank you.

  • @ExploringWater
    @ExploringWater Месяц назад +1

    Could there be a one-year consolidation to a cup and handle formation in Bitcoin?

  • @RCBOSS1969
    @RCBOSS1969 Месяц назад

    Thank you!

  • @shortnlongbanger2892
    @shortnlongbanger2892 Месяц назад

    Thanks for making crypto Content 🎉

  • @joshuadowns9363
    @joshuadowns9363 Месяц назад +1

    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.

  • @billgmt4364
    @billgmt4364 Месяц назад +1

    BTC buy rate?

  • @markcarrillo2416
    @markcarrillo2416 Месяц назад +3

    A Yearn Finance was once $93K. Mid cap gem.

  • @craigleppan7164
    @craigleppan7164 Месяц назад

    Always bringing sanity and reasonable scenarios to the table: thanks Lark.

  • @Drian12_1-pn3oi
    @Drian12_1-pn3oi Месяц назад +2

    I wonder what will happen but I hope it’s not the end

  • @J-Rod73
    @J-Rod73 Месяц назад +9

    $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.

    • @rollisimo1701
      @rollisimo1701 Месяц назад

      Agreed

    • @otacmakarije352
      @otacmakarije352 Месяц назад +1

      We thougt the same 4y ago my man and we had the biggest crash ever 100k never came..the crypto veterans remember..be carefull

    • @J-Rod73
      @J-Rod73 Месяц назад +1

      @otacmakarije352 I remember. That cycle was stumped by inflation/rate hikes...had nothing to do with Bitcoin or crypto directly.

  • @stephenshanebeaty
    @stephenshanebeaty Месяц назад +5

    So what you're saying is you don't know

  • @billgmt4364
    @billgmt4364 Месяц назад +1

    BTC low rate?

  • @hondacbx1975
    @hondacbx1975 Месяц назад +6

    Selling smoke like most crypto RUclipsrs..

  • @apolla2699
    @apolla2699 Месяц назад

    Preparing to buy dip on Ownr wallet

  • @mrstephenthomas100
    @mrstephenthomas100 Месяц назад +18

    But, but , but Lark, we don't want a double top.

    • @bitcoinbeast
      @bitcoinbeast Месяц назад

      Do you want one?

    • @Babylon6969
      @Babylon6969 Месяц назад

      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

    • @danbryda3849
      @danbryda3849 Месяц назад +1

      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.

    • @Atomychickjane.
      @Atomychickjane. Месяц назад

      😂😂😂😂

  • @thecannabisconvo967
    @thecannabisconvo967 Месяц назад

    You’d probably get a lot of correlation from the early years of the faang stocks

  • @max1664
    @max1664 Месяц назад

    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.

  • @crime_wavcorp
    @crime_wavcorp Месяц назад

    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?

  • @Anthony-ji6ln
    @Anthony-ji6ln Месяц назад +2

    Just make us rich, Lark... no more dips, only up lol

  • @littlebitmckee8234
    @littlebitmckee8234 Месяц назад +2

    We kind of knew all possibilities are on the table but nice to hear it all in one video. Thx

  • @mrfabulous123
    @mrfabulous123 Месяц назад +4

    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.

  • @ezBlu.
    @ezBlu. Месяц назад +2

    serious traders, look at the MacD signal on the weekly. The double top theory aint that crazy

  • @87elky383able
    @87elky383able Месяц назад

    Big fan of the double…. Tap bubble and top

  • @TheKareem020981
    @TheKareem020981 Месяц назад

    Sell half on the first pump, just increase.

  • @johnmore7089
    @johnmore7089 Месяц назад +18

    SO NO ONE KNOWS SHIT. IS THE OUTCOME

    • @relaxo2739
      @relaxo2739 Месяц назад +1

      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

    • @LordNementon
      @LordNementon Месяц назад +4

      You're wrong, I know something, I will HODL!

    • @suer3818
      @suer3818 Месяц назад

      I mean, it’s the market. 🤷🏼‍♀️

    • @_outofphase5480
      @_outofphase5480 Месяц назад +1

      Ooh no one can predict the future. You just learned that?

  • @Crypticlifestyles
    @Crypticlifestyles Месяц назад

    Everyone wants more of everything, and all the time, people keep taking things more than they need!

  • @tonkihonks3430
    @tonkihonks3430 Месяц назад +1

    Summary: It could be today it could be tomorrow. It might get low it might get high

  • @techinrl9869
    @techinrl9869 Месяц назад

    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.

  • @pistolpete4736
    @pistolpete4736 Месяц назад

    Lark is not very deep when it comes to technical anylasis. Double tops and macd crossovers. Wish it was that easy larky.

  • @EleanyakaluEleanya
    @EleanyakaluEleanya Месяц назад

    If we have a double top, that means no altseason

  • @btcberg3615
    @btcberg3615 Месяц назад +3

    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

  • @SilentSage777
    @SilentSage777 Месяц назад +1

    So we’re going to compare 2013 to 2024, the year where banks are buying millions in BTC?

    • @suer3818
      @suer3818 Месяц назад

      Charts don’t lie 🤷🏼‍♀️

    • @cyclingbrad4201
      @cyclingbrad4201 Месяц назад +1

      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.

    • @SilentSage777
      @SilentSage777 Месяц назад

      @@cyclingbrad4201 it’s not going below 30k again

    • @derekaase2713
      @derekaase2713 Месяц назад

      😅😅😅​@@cyclingbrad4201

  • @-georgeleto8132
    @-georgeleto8132 Месяц назад +1

    Avax $400

  • @marioruiz8849
    @marioruiz8849 Месяц назад +42

    in other words, TA is a joke

    • @andywoods7935
      @andywoods7935 Месяц назад +15

      It’s astrology for men

    • @jontuckermustdie
      @jontuckermustdie Месяц назад

      Of course it is.

    • @robnitemusic5888
      @robnitemusic5888 Месяц назад

      @@andywoods7935😂😂

    • @camronrubin8599
      @camronrubin8599 Месяц назад

      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.

    • @poppiiiii
      @poppiiiii Месяц назад +1

      Not really man, if everyone trades based off previous TA then the TA becomes the reality

  • @Blockdagdaddy
    @Blockdagdaddy Месяц назад +4

    Alt coins are getting crushed eek

  • @yesindeed3751
    @yesindeed3751 Месяц назад

    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

  • @johnpotts1960
    @johnpotts1960 Месяц назад

    Crypto has talked only down from here

    • @WillVos
      @WillVos Месяц назад

      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

  • @gabrielleparis3532
    @gabrielleparis3532 Месяц назад +1

    😂I think I'm gonna call my psychic to get the correct timing of the Bullrun. LMAO. 😂

  • @jamesmcluvlee
    @jamesmcluvlee Месяц назад +1

    Latest on Brett?

    • @jamesmcluvlee
      @jamesmcluvlee Месяц назад

      @@suer3818 asking Lark

    • @suer3818
      @suer3818 Месяц назад

      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. 😮

  • @StephnGold
    @StephnGold Месяц назад

    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..

  • @kidsaviationmentour
    @kidsaviationmentour Месяц назад

    Hi

  • @inastorm
    @inastorm Месяц назад +1

    Bullish🤓

  • @ThuTran-uo5ob
    @ThuTran-uo5ob Месяц назад

    Just HODL

  • @andersoncage887
    @andersoncage887 Месяц назад

    What's the best way to make money from crypto investment as crypto is turning around massively ❤❤❤

  • @rjames3981
    @rjames3981 Месяц назад +1

    ‘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🧚🏿‍♀️

  • @3piece798
    @3piece798 Месяц назад +2

    This market is boring!

    • @youngbeevibes8576
      @youngbeevibes8576 Месяц назад +2

      Be Patient Something Good Is About to Happen

    • @mberrouz840
      @mberrouz840 Месяц назад

      Switch to Stock market and have fun

  • @blockvibez284
    @blockvibez284 Месяц назад

    Institution milkin

  • @brentlewis4465
    @brentlewis4465 Месяц назад

    Seems like a bull flag

  • @charflorida5433
    @charflorida5433 Месяц назад

    Manipulated wealth distribution

  • @Greynor
    @Greynor Месяц назад +1

    All this FUD SO BULLISH 😂

    • @lurker668
      @lurker668 Месяц назад +1

      Literally no fud just smart Ppl selling what they pumped... It's called profits

  • @jasoncayen
    @jasoncayen Месяц назад

    This was just a pre ejaculation. Standard Cycle timeline with a Super Pump!

  • @user-mo5kn1wi1s
    @user-mo5kn1wi1s Месяц назад

    Phalestina

  • @douglasstone3813
    @douglasstone3813 Месяц назад +2

    He has a "team" of researchers translation a couple guys he follows on twitter.

  • @user-qi8kf4zu8i
    @user-qi8kf4zu8i Месяц назад

    REKTTTTTTTTTTT

  • @hugomonster21
    @hugomonster21 Месяц назад +2

    Warning this warning that. Comon. Do better.

  • @user-gi8bw2xt3s
    @user-gi8bw2xt3s Месяц назад

    🐦‍⬛+🔪=💰

  • @randystanton1224
    @randystanton1224 Месяц назад

    Firstieas

  • @SindreGaaserod
    @SindreGaaserod Месяц назад

    Poopinmypants coin will 1000000000000000x and replace every fiat

  • @spyderweb961
    @spyderweb961 Месяц назад +1

    New Memecoin: GentleTITA for the future 100X 🐘

  • @Nahyoutrippin
    @Nahyoutrippin Месяц назад

    Too many videos saying the same thing a different way. Anything for money I guess.

  • @gadaffi1000
    @gadaffi1000 Месяц назад

    The crap the SEC are coming out with doesn't help. I'm fkd.

  • @rickpappas6579
    @rickpappas6579 Месяц назад

    Waist of 10 minutes here!

    • @suer3818
      @suer3818 Месяц назад

      Hmmmm, I’m trying not to take my red pen out on this sentence. 😮

  • @the2side872
    @the2side872 Месяц назад

    Just make a simple to point dont talk bs too much

  • @jurajroginic2790
    @jurajroginic2790 Месяц назад

    Approximately 5 days until bitcoin crash begins.

  • @Salamander407
    @Salamander407 Месяц назад +1

    Dude is creepy.

  • @renemontenegro6143
    @renemontenegro6143 Месяц назад

    TOPPED OUT SORRY

  • @FCKSHT813
    @FCKSHT813 Месяц назад

    lower your teleprompter we can tell your reading its bad and seems ultra disingenuous

  • @fuckooooooooooooo
    @fuckooooooooooooo Месяц назад

    so we already topped outt,, see ya in 4

  • @user-so4ti6hq9c
    @user-so4ti6hq9c Месяц назад

    Lark...still my favorite car salesman.🛻🛻🛺🛺🚑