Bitcoin Bull Market Back - Not So Fast

couple of days with the market rising. So we'll get straight into that and I will hopefully now this one for you. So at the moment what we've got when we talk about Bitcoin is a couple of days where we've moved higher. And whilst it's really nice to see, I don't think it's time for celebration just yet. Sure, don't deplete the joy factor of seeing the market

finally having a little bit of upward swings. Don't forget we have been here before and I want to make you aware of this. So before I go ahead and tell you of something that could occur. And you know, strengthen that argument with a few things that are going on in the market. What it is at such base and let you know Bitcoin was up nearly 4.5%

yesterday, before it closed up about 1.4%. And we now do have a higher low to go. Well, sorry, we've got a higher and a higher high to go with that high. Which means there is a daily uptrend. And well, yes, it's nice. It's good. It's good. It's not just nice. It's damn nice. It's damn good. What we've got now is we've got people that are getting

a little bit. Oh, it's the bottom end. And we'll see that continues. We need to come out every time we see any green in the market. We do see that narrative of, oh, the bull market might come back. Well, we might be out of it. We might have met the bottom. We might have met the bottom. And you get the people to say, told you the

bottom was in and all that sort of stuff. Just ignore all that nonsense. It's really worthwhile to just ignore it. You know, getting your head stuck into Twitter or anything else for that matter. It can end up just being a costly exercise that you don't need to do. And when I say costly, I don't necessarily mean financially. You could be financially. I mean more on your

mental health and your ability to make your own decisions. Because at the end of the day is traders and investors. We can blame whoever we want. But the reality is, it's you. And the sooner we learn how to function within our own happy space, within our own skin, within our own belief systems, whether that be trading strategy or your investment strategy or whatever it might even

just be honest, going to buy a bit, not care about it. You can do that fine. Whatever it may be, finding that comfort allows us to think clearly to make plans and then to plan out what we just did. Sorry. And then to play out that plan. So the saying goes, plan your trade, trade your plan. And that's what I'm suggesting here is that people make

a plan. Don't just get all hyped in by the market and think, oh, we're going high. Bitcoin's going to be whatever, you know, all those sorts of things that come out. We have now officially been in a year of bear market though. I will tell you that much already a year of declines. The high that was set back on the 10th of November at 68,000. $998.

This is on a bit mixed charts because it's the one that has the most data on Bitcoin. But we've been in a year well over it. Well, over a year now, we have been in decline. And from those heady heights of nearly 70,000 to the lows, we have declined 77.5% or there about. So we have been through a pretty tough year. There's no doubt about that

at all. And sure, maybe we have found the bottom. But let me just remind you of something. There was a period. When was that period? Here we go. I'm just finding it up, pulling it up now on the charts. There was a period where, you know, Bitcoin was sort of, we were sort of hovering or holding moving moving. We moved sort of from 6,800 up to

a high of about 10,400. I'm going back to sort of between, or will that be that will be between sort of September 21, 2000, so September 21, 2019 through to about, what is it, the March 20th? So a good chunk of time there with Bitcoin. Yeah, it had some decent moves from 6000 to 10,000. And we sort of felt fairly comfortable with those levels. We've been

sitting around 9,000, 6000. It was kind of, we were getting movements, which was fine because as traders, we can trade those movements and we can do well with those movements that we get. And then of course, we had the candle that came in on the 12th of March 2020. And this, of course, was around the time that COVID got a bit nuts. And the world went

into the world, you know, wildbrain. And we were down in a single day, 38%. That is a big move. So whilst I don't want to send the, you know, I don't want to send the fun of enjoy out of you, I do want to provide you with a perspective on what could occur. Now, what could drive this market to fall? Well, we've still got genesis out

there without really too much knowledge or understanding of what's going on. They've kept things relatively quite unbalanced. I haven't heard anything out there lately. I haven't been overly aggressive in my hunting for that information either. I must add as a trader, I trade direction and not use. But without that being fully resolved, I feel as though that we could, because if genesis goes down or has

major issues and halts with drawls, they are a major part of the crypto ecosystem. It needs to be said. Okay, it's it's undeniable. They are a major part of the crypto ecosystem. And therefore, if they were to, you know, for clothes or whatever, it would be a big deal. It would be pretty catastrophic for our market and it would set us back quite a bit, I

would imagine. Not just in price, but in the ability for the market to grow again at the same sort of cyclical pace that it has around the harving events. So whilst I absolutely brutally hope that does not happen, I'd also be, you know, fairly flimsy if I wasn't to acknowledge the fact that it could happen. And therefore we could see further lows. So just keep that

in mind. And remember, we have had two green days in the market and that is all. Yes, it feels nice because it's a high a low and hopefully we see it carry through. It'd be bloody marvelous to see is carry on and have Christmas day at 20,000. I know it doesn't sound like much, but geez, it would be nicer to be at 20 than it would

be at 16, which is where we've been hovering around for the last couple of weeks, post FTX. So we'll wait and see what goes on with Bitcoin in regards to that, but just a bit of a message on staying safe remaining vigilant. And I'm going to say, I'm going to say, I'm going to say, I'm going to say, I'm going to say, I'm going to say,

I'm going to say, I'm going to say, I'm going to say, I'm going to say, I'm going to say, I'm going to say, I'm going to say, I'm going to say, I'm going to say, I'm going to say, I'm giving it a little bit of advice and give Desert idea to an honest customer who wants us to be safe, get a little bit in and then

start to have some low ball orders there as well for these types of events if the market does have a complete compitulation event and goes berserk. You might argue that we had that just a few weeks back, we were sitting at 21.5,000 there about, so we fell 26% over the space of a week or 27%. That's a pretty big move, but just stay safe out there.

Bitcoin's currently up, also a down point, 1% of a $17,139 and not much going on just yet today. The entry day trends, well if you want to have a look at my analysis on that, jump into the discord group, I'll be posting a video there just shortly. It's just producing right now and also a on trading view. So you can jump across there trading view. Trade

a cob is me on trading view. You'll see it in socials as well. Next on a Ethereum, well Ethereum did something very similar to Bitcoin, I want to just move further. Two days ago, we were up 4%, yes, today up 6.5%, putting it into daily, excuse me, daily uptrend. Last week up 4.6% so fast, nearly 8% up on Ethereum today. It's down half percent at the

moment on this trading day, $1287.53. Not too much in a way of interesting things for me to be trading just yet again, follow up on the video. Binance didn't do much. We saw Bitcoin move higher, we saw East move higher, we saw lots of our top 10 move higher. But Binance over those two days, well the first day on the 29th of November was up 0.7%.

Yesterday only up 1.84, whilst we saw Bitcoin print 4.6 and Ethereum print something higher than that as well. So we've seen Binance kind of go a bit nuts of late. It was banging up and down all around, having some pretty stellar runs and then volatility back to the downside. We're just not seeing that buying coming into Binance, struggling at 300. Currently at $2.97, down 1.15. On

XRP, look at really needs to take out the high of 42 cents to get it into an uptrend. It does have higher lows, but without the high a high it means very little. We're sitting at 40 cents there on XRP, down 1.4%. On the doge next, which was up yesterday 5.3%. It's been grinding out quite nicely actually, since the low that was set will not be

low, the low of this most recent run on the 21st of November. Sorry. We have seen doge increase in value to its highs. So it's been taking along quite nicely. However, today it's at 10.4 cents down 2.1%, which is the biggest declineer in our top 10 so far. Yesterday 3% up on Cardano needs to get above 33 cents really to set the high a low into

a higher high and give us an uptrend. Still waiting on that down half percent now at 31 cents. Really ugly looking chart. The lower timeframes may start to present opportunities later on into the afternoon as the Eclicity sets itself in on the low as it's at 92 cents right now down 0.85% of a percent. Doge's got a bit of resistance around $5.50. It's not in an

uptrend just yet on the daily. It was up 3% yesterday. It's down 0.7% to that $5.42. Solana was up yesterday 6.15%. It's at $13.92 down 1.66% today. And finally, Sheba has resistance. You look at the chart. It's I don't know, five decimal places. 9.4 over. It's very hard to call it, you know, call out numbers on this one, because it's got so many decimals. It was

up yesterday 2.86% very sideways looking market there on Sheba. So guys, that's it for me today. You have yourself a belter of a day and we're leading into the back end of the year heading into Christmas. We are officially in silly season with it being the first of December. So I wish you and your family very well. I'll be back again tomorrow, but I wish you

all well. I hope you're having a very safe and enjoyable time of year. It is nice to sit bit of green in the markets. Have a great day. I'll speak to you again very soon. Bye for now.