Transcription
I think we have to do a big reset. I was telling you in my last videos here that we were seeing the end of capitulation by time on most of the big altcoins. For example, for example, if we go look at Bit Tenser here, I was telling you that we had been in a range for 18 months, I've been talking about this for the last videos. And this is truly capitulation by time. It makes people give up because it takes so long for the price to move that people give up. And then, what did we do to really screw everyone over? We went and did capitulation by price to really reset all the leverage, cause forced selling because let's face it, the 1.6 million accounts of people who were in bullish leverage, their goal wasn't to sell, but by making the prices crash like that, we forced them to sell. So literally, what just happened here? It's that the people who had to capitulate by time because they were impatient, capitulated. The people who had the potential to have their positions liquidated were liquidated. Are there any sellers left in this market? Well, in my opinion, there are no real sellers left in the market. And there's something interesting here that needs to be understood when we look at the charts logically, is that there are several ETFs. ETFs, you know what they are, right? They are funds that follow the price of a crypto, like for example, Black Rock's iShares Bitcoin Trust, which is the ETF that arrived in 2024 on Bitcoin, which follows the price of Bitcoin. There are now some on Ethereum. And here, understand something, from November, December, January, February, there are ETFs arriving on the altcoins. So Wall Street will be able to buy altcoins easily. Are you starting to connect the dots here, to understand the manipulation that just happened? The crypto market is the only market where we, the people, arrived before Wall Street and the institutions. So their goal isn't to give us gifts, it's not for us to be on board the train and for them to give us nice rallies. Their goal is to get us out, to shake us off like we were on a tree, we shake the tree, so make the tree tremble so that we fall, like when we make apples fall from a tree, for example, or certain fruits. Well, that's what they want to do with us. So they made us capitulate by time, now capitulation by price several times over the last 18 months, and after that they come with their ETFs and their friends will be able to buy at a good price, and they got rid of most of the people who could make profits, who could sell to them at a premium, which was us, the retail. So huge manipulation, we have the big reset just before the arrival of ETFs on the altcoins. From now on, there are no more sellers left. So there is only one direction. Wall Street is going to enter the crypto market, and for me, to be honest, we are going higher. And on top of that, what's interesting? When people who wanted to enter the crypto market see this kind of correction, they say, "Ah, I don't think I'm really interested in entering the crypto market anymore." So, what does this mean here? It means they created the perfect storm for the altcoins. But for that, you need to have balls of steel because I'm telling you, we've just gone through 18 months of range and we've had several capitulations by price. So the ultimate last one was 2 days ago. Is this the last correction we'll see before it takes off? Maybe, maybe not. You know, I'm not a fortune teller, but all the signs are there for it to really take off upwards in the coming weeks because we've liquidated all potential sellers. Now I'm going to show you some examples. The last two times we saw capitulation by time followed by capitulation by price. It was during the Covid crash in 2020 and during the FTX crash in 2022. The first two crashes, so the Covid crash and the FTX crash, were literally the best times to buy cryptocurrencies in the last five years. Will the October 10th crash be the 3rd repetition of what we saw? So the best time to either hold crypto or buy more? But there's a strong potential that yes, because the pattern is repeating almost identically. Now, if we look at the Covid crash in 2020, what happened? Well, we had capitulation by price. Bitcoin and altcoins corrected by more than 85-90%. Then, capitulation by time. Look at this big range. How Bitcoin traded, having corrections of minus 60%, rallies of x2, x3, corrections of 60%, rallies of x2, x3, and to finish the big blow, the Covid crash where we had a huge liquidation. You see here Bitcoin and most cryptocurrencies, Bitcoin alone dropped by 50%. Most altcoins had done exactly the same thing as on October 10th, we had dropped by 80%. And after that, we had the biggest cycle in history in 2021. Same thing with the Covid crash. We had our capitulation by price and by time. And right at the end, they gave us one last dramatic twist with the FTX crash before we had a period of sideways movement and then we went upwards towards our current bull cycle. So look at the rally that followed. Are we living the same thing? Well, when we look at Bitcoin, we realize that the big correction isn't that bad. Is this really the big crash everyone is talking about, or did we really hit the altcoins harder? For me, we hit the altcoins much harder than Bitcoin and Ethereum, for example, which corrected less. So the target here was really to get people out of altcoins for me before the arrival of ETFs.