we'd like polkadot we like cardano and i'm sure people in the audience right now please let carl
know in the comments which coins he needs to look at because like he said we're entering a little
bit of an alt season so let us know yeah yeah for sure i i need all the help i can get because
i'm very focused on bitcoin usually if i enter into all it's usually only because of technicals
um i know that you guys do much more research than i do on altcoins so your audience is probably
very educated so guys comment down below what should i buy i'm ready to buy
hey welcome back everybody to altcoin daily my name is aaron here with my brother austin today
we are joined by fellow youtuber trading expert carl the moon he has his youtube channel which
is called the moon he's a big bitcoin bull he's been involved in cryptocurrency for a long time
he has gone from nothing to millionaire status and i believe this year he's trying for a billionaire
carl how are you doing today i'm doing fantastic because i feel like
we're on the verge of the next big uh leg in this bull cycle and i think
the gains that are to come will be absolutely uh mind-blowing for us even for us who have been in
crypto before i think people don't realize how how big the next few months are gonna be
in my opinion so excited excited i like it and you know i i think you're right i think
it's easy to roll your eyes at something like that but i think you know our tiny humans and
our lizard brains we don't realize like when when bitcoin was a thousand dollars people
never thought it would get to twenty thousand dollars and people just um you know don't you
know nobody knows the future but it could get really big so everybody keep an open mind i mean
that's why we're all here in cryptocurrency so we're not going down to a bear market
sorry to be the realest yeah that's the question you know we have a ta expert on i'd love to jump
into some charts um yeah yeah yeah let's just say the short answer to that question is no i
don't think we're going into a bear market right now i think the bear market will come inevitably
but after the bull cycle is over which i think is going to be within the next maybe six months or so
let's dive right into the charts let's start with bitcoin then maybe we'll get to ethereum
and maybe even an alt coin or two um what is your current outlook for bitcoin in the short
term and of course you know what is your end of cycle prediction all right so here we are on the
daily time frame for bitcoin and um well i want to first of all show you one important moving average
um it's this red moving average it is the 200 daily moving average and it is one of
the most significant moving averages by far for any asset and bitcoin has right now been
able to actually uh regain support above the 200 daily this is a big step in my opinion
this is something i was waiting for or hoping for because i think that this is showing us
further strength for the bulls and there's another level i really want to show you um
which was a very very good a big step for us that we broke above it and that is this area down here
let me actually delete the um moving averages for now so this green box here at 42 to 43k
i mean everyone who's following my channel they know how much i was talking about this level
basically every single day for weeks i told people that up until the point where as long as
we're below this level we're technically still in a bear market but as soon as we break above this
level this is showing me that the bulls are back and that the daily time frame is full on bull mode
and i also said that i think that when we break this level we are very likely to um go up towards
the all-time high from there obviously nothing goes up forever we could see pullbacks like
this thing goes up and right but i do believe that bitcoin is definitely looking bullish right now
and the scenario where we go down in the continued bear market is in my opinion very unlikely now
after breaking this big resistance level so short term on the daily time frame and on the
weekly time frame i would say i am very bullish on and i have been for quite some time here and
we can also go out on the weekly time frame and i want to show you one of my favorite indicators
the um the ema ribbon and this is usually just telling us whether we are in a bull market or in
a bear market and as long as we hold above this we are in a bull market and you can see how we got a
beautiful beautiful bounce here off of the weekly and essentially i would say that on the weekly
time frame we never entered into a bear market uh technically on the weekly time frame we just got
a nice big weekly bounce and it looks like we are getting a next big leg up um going back into the
daily you can see the same thing here that we are back into we are in a bull market right now but we
were technically in a bear market actually look at this um you can see that um when we broke the
daily ribbon here we saw some um some price action going a little bit up and down but then you can
see how we clearly entered into the bear market um and um yeah but let's just um yeah long story
short on the daily timeframe we're back into bull mode which is of course a good sign for us here um
if i were to play both sides a little bit here there's one thing i do want to point out which
could be a short term bearish sign so we could see a small pullback before we see the next big leg up
and that is the fact that we do see this bearish divergence here on the daily timeframe so here you
have a high sorry let's see we have a high right there and a higher high right there and if you
look in the rsi you have the opposite you have a high and a lower high and this is technically
then called a bearish divergence however um for this to be solid confirmed bearish divergence i
think we first need to see a bigger pull back here down to let's say 43 42k if that happens then i
would say that the bearish divergence is a solid divergence that is likely to um get us a um a
pullback or just sideways action uh but right now i would say that the bulls are definitely still
in control and uh i mean i i am still long bitcoin i'm not closing my positions just because of this
potential bearish divergence but it is something there that we should definitely pay attention to
um any questions on bitcoin so far yeah i'll take one um very interesting and i do think or for the
longest time for the last three months you know after that 50 dip for the longest time the traders
the ta was looking bearish and the fundamental on-chain metrics was looking bullish and that was
the biggest divergence and now they're lining up i agree with you that that cross above the 200-day
moving average is significant obviously um what do you take fundamental analysis into consideration
at all and also what would you need to see would you need to see a re-test of that you know we're
above it then a re-test and back above to be to gain more confidence or what's that look like
um do you mean a retest of this green box well both you you reference both correct as bullish
crossovers yeah so the 200 daily we actually already retested it if i bring it out again
um let's just um yeah let me see here so you can see here that we actually broke above it
and let's see here whoops so we broke above it and then we saw a re-test of the support and
right now we're getting it on the green candle so technically it looks like we already retested it
and confirmed support um looking at this green box i mean yes like i said the scenario where we come
down and re-test support here is definitely always going to be there um and if we can confirm support
then that's going to be an even more strong sign that the bullish case is going to um to be even
more more powerful when it actually happens and you can also see here that i i prepared a small
little we're actually pretty big inverse head and shoulders here and i know that many people think
that this is not an universal shoulders but because it looks like a frankenstein
pattern but i would say that it is it is valid in my opinion because i have had experience with
these patterns before and they don't always look exactly perfect right i mean we did have one very
perfect one up here which was amazing and everyone who is a follower of mine remember how i actually
um told people to short here and i put the short hair we actually made some money there
uh and this one looked amazing right this one does not look amazing but it still is a
valid inversion shorts in my opinion and the target actually um technically here because
if you do this you take from the neckline down to the the head and you pull it up like this
this gives us a target of um 50 56 700 dollars for bitcoin that's just um
yeah technically if you actually believe that this is the head and shoulders actually if you
guys believe it's an english headed shoulders leave it thumbs up down below right now i would
love to know i really would love to know what the audience thinks yeah yeah yeah so yeah but that's
bitcoin do you guys want to maybe take a quick look at ethereum sure i mean at some point i'd
love to hear your um you know long-term thoughts on where bitcoin's going right near the top of
this cycle we can take a look at ethereum first or whatever you want to do let's keep the big bull
cycle top target for the for later in the video yeah okay i like that cool to make people watch
yeah classic youtube tactics um all right so yeah this is ethereum against bitcoin
and um we have a big triangle here and this is also something i covered on my channel for many
weeks here and i basically just said that if we were to break to the upside here then obviously
that's bullish for ethereum which could lead to a breakout in terms of use dollars but also
of course here against bitcoin and so far ever since this breakout we've seen ethereum go up
14 against bitcoin and the target as you can see here is actually if you if you take the the
widest possible point here um this would give us a target of zero 0.09 um for for ethereum
so which means that ethereum could still go up another 30 percent against bitcoin
if you are a little bit more conservative you can also you could potentially maybe measure from this
point like this or yeah but let's just say that um if theorem is looking bullish even if you go
up to 0.08 or so um so this is against bitcoin and if you go over to ethereum against the us dollar
i mean no no it's a little bit messy here but if i just delete everything you can see
that we're clearly here on the one hour timeframe in a very very strong uptrend
going out to the four hour you can also see that we've seen a pretty significant reversal here and
ethereum is looking bullish this is definitely the case um if we bring up my lines here again
i want to point out something here that could i mean you could see the bearish case and the
bullish case here and i'm going to show you both of them so you can put a line
like this and you can call this an inverse of shoulders and you can say that we are going to put
makeup very soon or you could even make the case that we already broke it right now
um i would probably say that maybe it looks more like we didn't break it yet but you can also
put a line like this and you could actually make a bearish case here saying that this is a
rising wedge and inviting which is obviously a bearish pattern uh what i would do when you see
something like this is that don't act until we see the breakout because sure it can break down
it can break up so as a trader what you want to do is you just want to wait because if it breaks
up perfect we put it in the long and we can make some money we can go up to potentially our inverse
and shoulders target here at 3 500 but if we break down then maybe we want to close some of our long
positions here and potentially even maybe take a short if you want to target our um green box
that i put here for ethereum at 2 800 or 2 900 um so and i know that some people say that coral
no you're saying it's going to go up or down but like yeah it's a pattern it can break up or down
but i would definitely say that in a very strong option like this i would say that the likelihood
of this breaking up is higher than breaking down this is just something based on my experience that
i can definitely say but nothing is ever written in stone so as a trader we should always wait for
a breakup yeah anybody who speaks an absolute is you know they're just it's not that's not it's not
what you do and you know that's why it's important to follow on a daily basis because it breaks up
then that's new information if it goes below that's new information and things could change
like that yeah 100 100 and speaking of altcoins uh here i mean i just want to show you this chart
because this is the bitcoin dominance and um let's see here we had a um a triangle up there
and this broke to the downside and that was the beginning of this huge alt co-season that we saw
and right now we've seen this rising wedge form and well we broke it to the downside and that
was the point where i told my audience that this is an altcoin season and i am positioning
myself with more exposure towards altcoins so i would say that all coins are right now
getting up some momentum and i believe that we are in the next few weeks going to see an altcoin
season and technically the target out of a rising wedge is actually the bottom of the wedge which
means that the dominance could come back down to these levels that we already were down there
um and yeah essentially if you want to take some old compositions i would say that this
could be the time because you can see that definitely the momentum is there
um and if we were to reverse back up again then i would just exit these um
alt positions but right now i am long ethereum and i am long a couple of other alt um alts that um
that i believe in basically and um you don't you don't have to go into the you don't have to show
us a different chart but uh we'd love to know which alt coins are you positioning yourself in
at the moment or even which altcoins you believe in maybe long term however you think about it
okay so um some of the small ones i'm not sure if i i want to say because um i'm afraid of pumping
the markets i don't think i'm going to do that but i can definitely say ethereum i have a huge
positioning um a spot position um so basically i've been accumulating ethereum now and i've
um yeah i've positioned myself so my my total crypto portfolio is very heavy on ethereum
um and i also recently bought some cardano with ethereum actually uh because i saw that the chart
was looking like um like uh yeah like i wanted to switch some of my theorem into cardano and i also
took some bitcoin shifted that into polka dot and uh what else yeah i did a few other trades
but these are the the big names that i did and i can also say that i have done a little bit of
yield farming and that kind of stuff but then we're going into very small coins and i don't
think it it's right to to to talk about small caps i don't know it will just pump the market and it
feels bad but that's fair we like polka dot we like cardano and i'm sure people in the audience
right now please let carl know in the comments which coins he needs to look at because like he
said we're entering a little bit of an alt season so let us know yeah yeah for sure i i need all the
help i can get because i'm very focused on bitcoin usually if i enter into alts it's usually only
because of technicals um i know that you guys do much more research than i do on altcoins so your
audience is probably very educated so guys comment down below what should i buy i'm ready to buy
and i would love to wrap this up turn the camera back to us and just talk big picture bitcoin and
ethereum towards the end of the cycle so so it's based on the ta based on the fundamentals
and nobody can see the future but what is your end of the cycle uh speculation for bitcoin
end of this cycle i think that with a 1995 certainty it's going to be above 100 000
i'm very sure about that um i think we're very very likely to see bitcoin hit 200 to 300 000
in this cycle um i wouldn't be very surprised if we go even higher it wouldn't surprise me if we
reach five six hundred thousand dollars because these these are targets that no one expects
everyone is expecting a hundred thousand two hundred thousand three hundred thousand the the
unexpected would be if we actually go back into a bear market now or if we actually go to like five
hundred thousand or even higher than that um but i wouldn't say that the likelihood is so high if
i were to use my guts feeling i would say that for bitcoin to reach 500 000 in the cycle maybe 10 15
chance uh but uh but it's definitely in the cards i think and you think that i mean like what do you
think how long could this cycle go how long could those predictions or thoughts be in play is it
like in the next one to two years you're thinking for sure i want to definitely within one to two
years i would say within seven to eight months um we we will have reached this cycle top and
i would probably say it's very likely that we've reached one hundred thousand dollars per bitcoin
within the next four or five months i would say um i would actually be very surprised if we don't
see that very interesting and assuming that we at least get over 100k where does that put ethereum
in your mind that's a great question and i i can't be as confident in that number so i would have to
kind of pull it out or nothing but if ethereum just keeps up with bitcoin as it is right now
um so if bitcoin doubles from here or a little bit more than doubles yeah let's say
ethereum will very very easily reach six thousand dollars just based on having ethereum and bitcoin
follow the same trajectory but i do believe that ethereum could um outrun bitcoin in this
pool cycle um i think we've seen that before and i think it's um a possibility so let's say a range
between six thousand to ten thousand dollars for ethereum in this bull cycle is uh in my opinion
extremely likely to occur um extremely likely and if bitcoin goes to 500k then ethereum will go even
higher than than 10k i think but um ballpark 6k to 10k i think is a very conservative number for
your theory in my opinion i love it carl thank you so much for coming on today links to carl's
youtube channel and twitter in the description below follow him on both and you know let him
know hey i just saw you in altcoin daily and i'm part of your channel that'd be cool uh carl
thank you so much you guys you guys beat me to it you you reached 400 000 on the twitter before me
hey let's we'll see you at 500 000. yeah yeah yeah let's see who reaches 500k first