Bitcoin: Bull Market Support Band

Let's talk about #Bitcoin and the bull market support band.

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Disclaimer: The information presented within this video is NOT financial advice.

[intothecryptoverse]

10:22 - That is my bad internet connection, not yours

[oLuii]

You're the GOAT, Ben.
I've been watching your videos since Q2 2021, got into ITC premium January 2023. The amount of value I get from your work is life changing.
I truly cannot imagine how my crypto journey would've turned out without your presence, wish you all the best!

[vishalagarwal]

You know the bull market is upon us when you see Ben yawning while talking about Bitcoin Dominance

[pitwayable]

Regarding ETH, the simple answer is ETH didnt drop anywhere as much or as quickly as it should have during the bear market, so the bull market support band has remained higher for longer. ETH right now at 0.04btc is actually well above its value in 2019 and some can argue its even overvalued relative to BTC under similar market conditions.

[ajaykadam]

This video was actually dubious speculation 😅

[dupadupa]

Ben... you're like a honey to sore throat in these hard times.You make "the things" clear.👍

[antoniusjohan]

Thanks a lot Ben, you have nailed this move!

Appreciate that a lot man! Have a good day Ben!

[tklfkrc]

This is the best channel ever. I will join your premium eventually! Thank you for keeping it real and for your brilliant insights!

[jennyreed]

Thanks for these videos ben. I share your TA videos in my open chat groups to help all the ICP maxi's understand the market better

[UsmanKhan-kwov]

Great statement about ETH. I like two possibilities you mentioned of ETH not to pump. Add on, ETH is becoming mother of ALTs to grow them.

[himynameisdavidpitts]

Super fucking useful information. Thank you.

[matthewbahna]

Thankyou Ben for standing back being realistic with whole trend not day trading 👍, always keeping it real 👍

[MJTRIZZLE]

great video, definitely agree now is the time for btc to finally break through since it’s on schedule with previous cycles

[secullenable]

There hasn't been a single occassion (going back to 1953 as that's as far as I could find available data) where the US unemployment rate crossing the 34 month EMA did NOT signal the beginning of a recession. That is, where we were just beginning a recession or already in one. There's only been one false breakout (defined as spending 2 or more months above the EMA then going back underneath again, without a recession) and that was in 1959.

Currently, we've been over the 50 month EMA since June (ie 2 months) and would need to go from the current 4.2% down to 4.08% to get back under the line for September, which in my opinion is unlikely. So make of all that what you will...

[geoo]

I see a lot of people comparing the 19 ` 20 ` cicle. But they forgot MARKET CAP ? then and now ?

[galeru]

Without China stimulus. We would've been in a worse down trend. In China, it doesn't make sense to hold cash. We will soon see this condition too for the US when the rate goes down to neutral + QE. Until then, we will chop. As long as DXY remains weak or gets weaker, the bearishness will be muted.

[pitwayable]

4.2% unemployment rate is not alarming at all.... We should get concerned only when its closer to 5% and from now to then could be many months...

[emilioshadjikyriacou]

Am I the only one looking at a huge bullish pennant forming?

[bymarquitoscr]

Ben, Bitcoin has been putting a monthly pattern since march:
March - Green
April - Red
May - Green
June - Red
July - Green
August - Red
September - Green
October - Red?

[Sam-ujqh]

Ben, can you please clarify if you still believe altcoins are oscillators at best since they look much stronger than anticipated?