BITCOIN ALL TIME HIGHS .... I CAN NOT BELIEVE THESE 17 CHARTS!!

Brief Summary

Chris from Satoshi Stacker congratulates crypto investors as Bitcoin hits new all-time highs, reaching $118,000, with Ethereum and altcoins also performing strongly. He highlights the liquidation of Bitcoin shorts as a key driver of the recent pump and previews 17 charts indicating further upward movement. He also touches on his trading strategy and invites viewers to his trading channel for detailed trade analysis.

  • Bitcoin's surge is partly due to a short squeeze, with over $1.1 billion in shorts liquidated.
  • Altcoins are expected to perform well, with a potential altcoin season on the horizon.
  • The presenter's trading channel will provide detailed insights into specific trades and strategies.

Bitcoin's Breakthrough and Short Squeeze

Bitcoin has broken past the $112,000 resistance, triggering a significant pump due to a short squeeze. Over $1.1 billion worth of short positions were liquidated in the last 24 hours, propelling the price upwards. There's a current resistance level at $119,600, but it's expected to be surpassed. The presenter anticipates a market peak towards the end of 2025 or in 2026.

Ethereum and Altcoin Performance

Ethereum has broken past a key resistance line and is now testing the $3,000 level. The next resistance is projected at $3,271. Solana has also broken resistance, targeting $169, and XRP is pumping towards a $2.78 resistance. Despite Bitcoin's dominance remaining steady, altcoins are performing well due to Bitcoin's strong pump. A potential altcoin season is anticipated as optimism grows and rates are cut.

Trading Strategy and Channel Promotion

The presenter's portfolio is up nearly $1 million, and he plans to deploy more funds into his bull market portfolio. His 100x challenge is showing positive results, with significant gains on leveraged trades. Detailed trade analysis, including entry and exit strategies, will be shared on his trading-specific channel. Viewers are encouraged to subscribe and activate notifications on the trading channel for immediate updates.

Technical Analysis Charts

The presenter reviews several charts that support his bullish outlook. These include a descending channel breakout, a bull flag formation, and the Lux Algo indicator, which gave a buy signal at $111,000. He also points out a triangle formation on the 4-hourly time frame, suggesting a potential parabolic move.

Trend Line Analysis and Targets

A trend line analysis on the weekly time frame indicates a pattern of consolidation followed by a breakout and a significant upward move. Based on this pattern, a target of around $150,000 is suggested. The 50-week moving average has consistently supported the price, indicating a potential pullback to around $110,000-$112,000 before continuing upwards.

Inverse Head and Shoulders and Cup and Handle Patterns

The presenter identifies an inverse head and shoulders pattern, or a cup and handle, suggesting a substantial move towards the upside. The breakout from the consolidation phase of the cup and handle has already resulted in a $10,000 price increase, from $108,000 to $118,000.

Bitcoin vs. Oil and Market Indicators

Bitcoin's price movement is compared to that of oil, noting that Bitcoin tends to follow oil's trends. With expectations of increased money printing and lower interest rates, oil prices are anticipated to rise, potentially leading to a parabolic move for Bitcoin. A downward sloping trend line on the weekly time frame, supported by the 50-week moving average, suggests a potential 100% move, taking Bitcoin to around $144,000.

Monetary Policy and On-Chain Data

The M2 money supply is increasing, and rate cuts are expected, which are positive indicators for asset prices. The presenter references Fed statements suggesting potential rate cuts in the fall. Despite Bitcoin's all-time high, on-chain data indicates that people are not taking profit, suggesting that long-term holders are dominating the market. Traditional markets are also at an all-time high, contributing to the positive outlook.

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Transcript

Full transcript of “BITCOIN ALL TIME HIGHS .... I CAN NOT BELIEVE THESE 17 CHARTS!!”. Click a timestamp to open the video at that moment. Need another video? Use the YouTube transcript generator.

0:00 Bitcoin is crushing all-time high after all-time high. We reached $118,000. Ethereum is doing well. All coins are going absolutely ballistic right now. And a lot of people are sitting on the sidelines wondering what to do right now. Can we actually trust this rally? Well, today guys, I am going to show you 17 charts. 17 charts showing us what the next major move is going to lead into. There's a lot of information in this video guys, but it is very very important. So if you have been surprised by this move, if you have been sitting on the sidelines wondering what you are going to do right now, if you want to know what I think is going to happen next, very important video, make sure to stick around from the beginning until

0:46 the end. Welcome back everybody. My name is Chris bringing you cryptocurrency videos every day. If you're new to the channel, then make sure to subscribe and activate the bell right now. And first, before I say anything at all, guys, massive congratulations to everyone in crypto, everyone who still believed, who were still convinced that we would see higher prices. Now, as for me, you know that I've been screaming out of the top of my lungs that every single dip here is meant to be bought and that Ethereum is going to have a massive run. Bitcoin is going to do well. Altcoins in general are going to do well. And it's amazing to see that it is actually playing out right now. And before I get into the actual details of the charts, I just want to take this moment to congratulate you. Have a uh deep uh breath. And um

1:35 yeah, just congratulations. This is amazing. And in my opinion, this is just the start. I will show you on the charts here what I mean. Actually 17 charts, which is actually pretty ridiculous. And most of the charts or all of the charts I have been showing you previously trying to prepare you for this move. But yeah, I need to show you what the next uh major target is going to be for Bitcoin and for crypto. But yeah, congratulations. This is all amazing. So, first things first on my chart here, you can see that we broke away from the $112,000 orange line. And I said that once we break this, we are going to have a massive pump towards the upside because a lot of people are shorting Bitcoin right here and uh with people shorting right here and us pushing

2:20 through it, it is going to lead into a massive short squeeze. As the shorts gets liquidated, the price pumps and that is exactly what happened. Look at this guys. Over $1.1 billion worth of shorts have been liquidated the last 24 hours. So that is the reason why we are pumping here because all of those people that shorted Bitcoin, they got wrecked, annihilated, destroyed and that means that Bitcoin pumped as a result of that. So that is the first thing we need to pay attention to. The second thing is that we do have a resistance level here at $119,600. So uh you can see that we're already starting to react a little bit to this point. So from this point we're going to see some uh resistance but eventually we are going to break through it as well. Now as you know guys I believe that we're going to see an alltime or sorry a

3:07 peak of the market towards the end of 2025 or in 2026. So that is all great and I will get back to the charts here in a little bit uh for Bitcoin. But for Ethereum you can see that we are as expected we broke the yellow dotted line here. Massive pump and now we are trying to break through the $3,000 level here. So this is resistance. You can see on this candle we were pushed down and this current candle on the daily time frame is trying to push through this. But yes, it is only a matter of time here in my opinion until we also clear this area and next level of resistance will be 3,271. And I need to remind you as well guys, I should probably say this more often uh that uh everything in my videos is for educational purposes as you can see here

3:52 by the top of the description. I'm not a financial adviser. Um but I do believe that Ethereum is going to uh see some more upside here. That's what I'm expecting and that is how I am trading accordingly. Let's continue here. Salana also broke away from the resistance. Next one 169 looking good. XRP is pumping as well. Next level of resistance $2.78. The Bitcoin dominance and this is an important one. The Bitcoin dominance, as I said yesterday, we have to be careful here because it is most likely going to be supported above my orange line and we were supported. But the good thing is that altcoins are still pumping because Bitcoin pumped so hard and even though the Bitcoin dominance is not going down and it's only a matter of time, guys, I think that the Bitcoin dominance as rates are

4:37 being cut and the more optimism comes into the market, this this line is not going to hold and we're going to see an absolutely incredible altcoin season. That is what I believe is going to happen guys. Um so yeah I mean this is still not a super bad time guys to consider getting into altcoins as I believe on the charts here from a technical perspective the bitcoin dominance could and from fundamental point of view as well the bitcoin dominance could start to go down here which is going to be absolutely crazy for the altcoins. Okay, let me show you some more charts here. Um I have 17 charts guys. I showed you about five of them so far. Before I showed you uh show you this chart, quick reminder uh about my strategy. So, I'm up almost um one uh

5:23 million here in the green, which is absolutely amazing. My bull market portfolio is still down a little bit, but I am going to deploy the rest of the funds into this. Um and also, I am going to with the 100x challenge, I am going to You can see that how crazy it's up 25% on the 5x1. On the 3x1, we're up uh 15% here. So very detailed. A lot of things are going to happen with my trades guys. I'm going to go into it in very very deep detail, but it's not going to be in this video guys. It is going to be on my trading specific channel. So after this video has been published, I'm going to start immediately recording the trading video where I'm going to show you exactly what I'm doing with my trades, exactly where I'm going to exit, exactly what I'm doing, deploying capital. Extremely important video, especially if you're

6:09 using the trading strategies. you need to go and subscribe to the trading channel right now. You have it at the top of the description. So, here you have it. You need to click right here. So, here you actually have the trading channel link. I had to edit the uh the link here real quick, but yeah, it's going to take you here. And then here, it's extremely important you activate the bell so you get notified as soon as I release a new video. So, all of my trades, all of my setups, everything we've been doing in terms of actual trades, it is going to be covered here just after this video, guys. So while I talk about the broader market in this video, the actual specifics will be on the other channel. Okay. So let me show you a couple of charts. These are not going to come as a surprise to you because I've been showing you this previously. And this is why I have been so bullish. So you can see first the descending channel right here, the bull

6:55 flag if you will. Uh you had the golden cross, you had the bull flag, and then we made it support. And then I was expecting us to have massive pumps towards the upside. From this point guys, we have had three green candles. So absolutely uh parabolic move here more or less. Oh um I want to add a 18th chart actually not only 17 charts. I want to also quickly show you the lux algo. I haven't checked this for a little while and you can see at $111,000 as we were breaking right before the uh the parabolic move here. So once again, the Lux Algo proves to be the most reliable indicator in existence for crypto on the daily time frame here. So for everyone that have been using the Lux ALGO, you right now have this signal

7:42 being printed here and you were able to catch this very very early. Now the Lux ALGO um you will have the link in the description. I don't have it currently, but I will add it and if you want to use the Lux Alo, you will be able to find the link here to get a discount. Let's continue. So we talked about this one already. So we had a big move and uh this I think is going to continue. Um another chart that I have been showing you is on the 4hourly time frame how we had this kind of triangle formation and once we break through the resistance little bit of a pullback and then we go into a parabolic channel towards the upside. So let me show you this more clearly. Let me take away this um so you can see it right here. this triangle like this um right and then once we break it parabolic move triangle then once we break it parabolic move so that

8:29 is also one chart that I've been showing you another chart that I've been showing you is this one right here how uh we usually do have like a trend line we go up we don't don't break through it immediately but once we break through it we usually come back down we make this support after a long period of consolidation and then we blast towards the upside. Same thing here. We go uh down after hitting it once, we go up, consolidation, we hit the trend line once again and then once we break it, parabolic move. And same thing here, guys. Look, we've been breaking it. We've been going down, making this support, and then from this point, typically we usually have a massive move towards the upside. And this looks like the target is about $150,000 here on the weekly time frame. Let us continue. I

9:15 have more of these ones, guys. I have 18 charts I need to show you pointing into the same kind of direction. Okay. So, what you have here is a very distinct pattern where we pump, we consolidate, we pump, we consolidate. But look at this. We hit the 50 day uh 50week moving average which is blue line. Consolidation hit the 50we boom go up consolidation go up. We once again after this consolidation hit the 50 week and then boom towards the upside. We consolidate once again. We go down. We hit the 50week moving average. So, as you can see here on the weekly time frame, the 50week moving average has been holding every single time. And now we are entering into the next phase of potential after we, you know, peak here somewhere maybe 130, maybe 140. Um, and

10:03 then consolidation and then this 50we moving average is going to continue to trend upwards, right? So, something like this and then you're going to find this. So maybe a pullback back down to 110 112 and then we just continue. So this is looking really really good as well on the charts here. Um so that is something that I'm watching. Let's continue with the charts here. Also I've been showing you the inverse head and shoulders or the cup and handle depending on how you want to see it. You have the shoulder here. You have the head and then you have the shoulder and then from this point typically once you break the neckline which we've been doing right here we typically see a nice move towards the upside. In this chart, it is actually only the start of this move. So, uh if this plays out, the target is pretty damn high, guys. And also the cup

10:48 and handle. So, you have the cup, you have the handle, and then once we break through the consolidation, which we've been doing right here, by the way, break through the consolidation, move towards the upside, and we've already had a move from 108 to 118 based on the cup and handle breakout alone. Let me quickly continue here, guys. I have more charts that I need to remind you of. So if you look at Bitcoin compared to gold uh sorry compared to oil, you can see that during periods when oil has been going down, Bitcoin typically goes down as well. Now if oil goes up after the drop, so we have had a drop here. When oil starts to go up, Bitcoin typically goes on a parabolic move. So you can see oil went up here in black. Bitcoin went up. You can see oil went up here in black as well. Bitcoin had a parabolic move. And

11:35 I think that oil is going to start to trend upwards. Why? Because you are about to see a shift. You're going to see money printing. You're going to see interest rates going down. You're going to see the Fed balance sheet start to increase probably again, which is going to lead into oil and commodities in general going up and Bitcoin going up. This is my thesis. Let me continue. I have more charts. So here you have a also on the weekly time frame, you have a very clear downward sloping trend line. And once we break through it once again here the 50week moving average holding up the price breaking through the trend line here boom massive move 108%. If we see the same thing. So you can see same kind of trend line same kind of being supported of the 50week moving average going up breaking through it

12:20 making its support. As you can see here we made it support we made it support. After the support massive move after the support can we see another move about 100% maybe that would take us up to 144 just based on this chart alone. Let me quickly continue here. The M2 money supply is increasing. So the amount of money in circulation is increasing. We're about to see rate cuts. We're about to see the Fed balance sheet shrink. Sorry, uh increase which is going to be very good for our assets here. So uh how do we know that the Fed are going to start cutting interest rates? Uh let me show you this. So Feds Daily said we're thinking about rate cuts during the fall. So they're saying it more or less themselves that they are going to start cutting the interest rates. And the Fed balance sheet, by the

13:07 way, guys, the Fed balance sheet is, you can see it right here, the Fed balance sheet, um, is still declining. So, the Fed balance sheet, they're still cutting, like they're still off winding some of their assets. Now, what history has shown us previously, and you can see it very clearly here, over time, the balance sheet goes up. Yeah, since 2022 has been going down, but whenever it goes down, like here or here or here, it's only a matter of time until they start adding more to the balance sheet. And with the amount of money printing is going to happen, I'm not surprised of them actually doing this sooner rather than later. So this is very important as well. Um so that is good. The money is increasing. And how are we going to use this to our full advantage and take advantage of it? Well, just like I said, that is going to be discussed in detail

13:54 on my trading channel. You have it linked right here. Um so make sure to right now subscribe to that one. But uh yeah, things are looking good. Also, I want to show you this is Bitcoin compared to gold. And uh you're not surprised by this because I've been showing you this previously. And you can see that Bitcoin compared to gold. Once we broke through it right here, we can see that we had a massive move towards the upside. And we're seeing the same thing right now. We broke through it, the trend line here with Bitcoin compared to gold. Um and uh yeah, I mean, how far is this going to take us? I think much higher. And also the traditional markets are at an all-time high. So that is good to see. My trades are doing extremely well and um yeah, everything is going good. The shorts are getting wrecked. And finally, the final

14:41 18th chart, I believe it is, or 19th, I need to show you this. So, even though Bitcoin is at an all-time high with the onchain data here, it is showing us that people are not really taking profit. People are not really selling. Why? Because most people have already sold. The people that are holding right now are the people that have been accumulating, the people that are not intending to sell. And that is great guys. Big stuff are happening. Big things are happening. Altcoins are flying. Bitcoin is doing great. Everything according to plan. Make sure to jump over right now to the second channel here where I will go over my trades, my trading setups, everything you need to know in order to make for take full advantage of what you're seeing right now in the market. Thank you so much for watching this one and I will see you in the next

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