Welcome to BitBoy Crypto!
This is your daily crypto wrap-up.
Now, usually, I tell you about the day's stories and stuff like that,
but look,
no one cares about that right now.
Bitcoin has taken the spotlight,
so we're going to be taking a look at Market Cipher trendlines,
Bitcoin,
you know, charts,
what makes me believe that this is finally the moment
that we have been waiting for
as we look poised to get back above some EMA ribbons.
Some really exciting stuff going on right now with Bitcoin.
Let's start off by looking at the market.
Bitcoin coming in right now $51,315.
And look at the market cap.
$971.6 billion
Hopefully, very soon, heading back over a trillion dollars for the Bitcoin market cap.
We got some other nice coins here.
Or nice pumps.
Ethereum at $4,100.
But look at Cardano.
Up a whopping 10% today.
As you guys can see-- where is at?
Right there.
10%
almost back to $1.50
Terra LUNA at 13.1% up today
SHIB, DOT all up today
The biggest mover of the day is Sandbox,
followed by Aave, Gala Games,
Decentraland, CRO, LUNA,
Fantom, Sushi, Quant---
all the coins that were pumping before the dump.
So, alright. Let's check this out.
Because I just-- I've been fascinated by this.
So if we go back to May,
okay, we've had--
let's see--
1
2
3
4--
four major corrections.
Now,
one of them was kind of a correction within a correction.
And, you know, what we just saw are kind of two trends coming together
over the last week or so.
But I want to show you guys this.
So when you look back here at Bitcoin for right now--
now, we've been looking at this chart for a little bit here, okay?
We've been looking at the longer term downtrend since the peak in November.
We've been looking at the shorter trend down here.
Something very significant happening last few days,
I pointed it out several times.
We are now above both of those lines.
And look at this.
We wicked off of the top of the EMA ribbon.
We could be jumping up above that as soon as tonight or tomorrow.
That would be phenomenal news for Bitcoin,
breakout confirmed.
So I started thinking,
well, we had a lot of corrections.
Did we have any fakeouts?
Did we have any fakeouts during the last several corrections?
And the answer to that is no.
Every time we broke out,
we broke out massively.
Now, I didn't chart this one.
You might could consider this one right here to be a fakeout,
but it wasn't really a giant dip or a giant correction,
so I'm not actually counting that.
So look at this one.
Going back to that would have been the beginning of September
through the end of September,
you saw this massive run down.
Boom! Boom! Boom! Boom!
Off the top of the wick.
Off the next biggest wick.
Boom! Boom! Boom!
Look at that.
Solid breakout.
Let's go back over here.
This is basically the July that led to the bottom of the market.
Pretty much.
Look at this.
Boom!
Breaks out.
Then we look at the larger,
the longest downtrend of the entire summer,
you guys can see on that trendline,
it hits there,
there,
two times right there,
comes down,
wicks off that once,
when it finally breaks above it, it moves.
The point is this.
The Bitcoin market is still in a bull market, in my opinion.
Whenever we get these breakouts,
they're leading to massive movement.
And I know you all made so much fun of me for these green dots. I know.
Or maybe I took it too personally.
Whatever the case may be.
But look here. We got our two green dots,
and now we're getting our breakout.
Just go ahead and tell me
that it doesn't work,
and you're going to get some coal in your stocking.
Alright. That's all I got.
Be blessed.
BitBoy out.