hey guys welcome back now with February being a terrible month for the crypto Market the big question is is March going to be the big recovery or are we set for the next leg down it's no secret that the war in Ukraine and the Trump tariffs are making the markets very uncertain right now and they're waiting to break either up or down and so in this video we'll be covering the latest price action and see what is going on and the key levels to watch then we'll see how is this bull market progressing against the
previous ones in the 4-year cycle and then we'll finish with the biggest developments from all around the world in just the past couple of weeks okay so first up with this latest crazy price action going on in Bitcoin and altcoins let's take a look and see what is going on okay so starting point being the Bitcoin chart on The Daily and what do we see well we've had this nice big correction slash crash taking us down about 30% very very healthy correction there now previous to this we were looking at this key level here which
was around 91,000 and this is the channel the most recent channel that it been been playing in with fake outs and breakouts and then most recently I think mainly caused by the Trump tariffs and obviously the war in Ukraine as well markets really do not like uncertainty and this did cause a flush and obviously if Bitcoin goes down 30% then many of the top altcoins will see a 50% drop so the crypto Market certainly plays by its own rules and this is why trying to time the market is virtually impossible because in the short term
in the near term it is impossible to know which direction it's going it's just as likely that literally in a couple of days we can be retesting the high or it can crash even further which is why hodlers win more over time now here we are just testing the bottom of this range and as mentioned in the short term literally anything can happen now if you missed my last video it was a very very important one because this is the chart of the week and it basically just says that in the Big blowoff Year like
this one in 2017 Bitcoin correcting 30 to 40% is still something that happens again and again and again so from now in March to the end of the year a lot can happen in the crypto Market that is a lot of months still to play for so this is nothing new if you're able to buy on these severe pullbacks then all the better and if not it's a very Rocky Road to the top driven by greed and fear greed and fear greed and fear and it just makes you think how important is the most recent
news news if the crypto Market corrects 50% for different reasons every single time then are the tariffs and is the war in Ukraine really that important to the crypto Market it seems to do this no matter what the news is and here's a very important point at the absolute maximum pain when the market is flushed out and people have lost the most money and a feeling they're absolutely worst the big question is was this a good time to buy and the answer is clearly yes what about the next time so the Market's gone down it's
set new highs it's come back in it's set new highs it's flash crashed down people think that it's coming back and then there's another flash crash people have lost the maximum amount of money they feel their absolute worst the hor horrible irony is that this is exactly the best time to buy when you feel you're absolute worst turns out amazing time to buy and it's the same thing this one actually looks really similar to the one we're going through right now we'd set a high we'd had a nice crash back down it had come back
up to lure you in only to crash back down the market just goes up it goes down it goes up it fades down and then you get a brutal selloff and just when you feel that you're absolute worst you've lost the most money for a long time could be weeks could be months turns out the very best time to buy and this is the same every single time but we forget because we're so wrapped up in the fear now even here when the market set is Absolut top it doesn't matter if you were to buy
here or were to buy Here Bitcoin was still under $22,000 so if you just fast forward 6 months 12 months even buying at the absolute Peak anyone who's held crypto for over four years especially the top coins have never lost money so that's a really important point of when you feel that you're Absolut worst however we very quickly forget it now jumping into the 4year cycle and this we've now started to see a Divergence away from what's happened in previous Cycles so at this point after the harving there has been nice runs in the previous
blowoff tops however we have started to come down and again crypto owes us nothing it will do what it's going to do my rough Benchmark in my head is that it's going to top out between a 10 and 15x and so there's still so much time so many months for it to make these gains so I'm not really worried right now when I see all the positive developments coming out and all the Tailwinds that crypto has this year for us to get to this 10 to 15x is really not that difficult it can literally do
it in a couple of months so as annoying as this is as frustrating when the market goes down it's still all to play for and it can turn around just as quick so will we see a nice run topping out towards the end of March like in previous years maybe maybe not maybe we get get a very strong Q2 instead of the pullback remember this is just a map and the map is not the territory but the reason I still feel very optimistic is because of the developments going on right now so these are all
the states that are pushing for a strategic Bitcoin Reserve now as you'll see in a second the us as a country just announced its Reserve but then add to that look how many states are going to be buying Bitcoin over the next 12 months if you would have seen this a couple of years ago it would have been really really hard to believe yet here we are and amazingly people are still selling we saw a massive hedge fund citadels Securities are going to be getting into the crypto market now that the US crypto regulatory landscape
is changing great to see we have Deca Bank in Germany launching crypto trading and custody in Europe and this is going to be a chain reaction coming all across Europe we had a top music artist Snoop Dog and he has made a partnership with chune FM which is a decentralized Ed music streaming platform on Hira just Global meast Stars partnering with crypto nothing to see here we have the CME to launch salana Futures starting March the 17th again amazing developments great for salana and the altcoin market which is largely getting ignored then this is something
that we would have dreamed about over the past couple of years the s CC just dismissing their lawsuit against coinbase amazingly coinbase had a blowoff quarter smashing all the results and the SEC dismissed their lawsuit and still coinbase sold off so unfortunately markets can be irrational in the short term but also they dismissed their case against Robin Hood against consensus against openc against Gemini they've pretty much I've probably missed a couple this regulating by enforcement is being dropped we've got a crypto friendly SEC yet the market again seems to be ignoring this this will all
catch up and I do feel sorry for the people selling crypto right now because I think the tide is going out and it's going to catch a lot of people not wearing underwear then hot off the press Donald Trump has has just signed the executive order for creating a strategic Bitcoin Reserve I think the market was a bit underwhelmed with this as it was just holding on to the current bitcoin that they have although they are now looking into ways of accumulating more and also this includes the digital asset stockpile which I believe holds ethereum
salana xrp and adaah so we now have the president of the United States signing executive orders for not just Bitcoin but altcoins and still the market is uncertain so I honestly think this is a massive overreaction it's an amazing time to buy however time will tell with February being a terrible month for the crypto Market is March going to be the big recovery or are we set for another leg down now my most important chart of the week was showing in the previous Mega bull market of 2017 big Corrections of 30 to 40% for Bitcoin
and over 50% for altcoins was a regular occurrence and it's nothing out of the ordinary the 4-year cycle says to me that we are due the next leg up and I think maybe the CPI data next week is going to be the critical piece so more on that next week and regardless of everything going on the developments in crypto from all around the world just keep coming in and this all says to me that the bull market is likely not over it's just getting delayed so there you are guys hope you enjoyed now you tell
me are you feeling bullish or bearish right now is the next leg up or is it down let me know below also Al if you've got any burning questions that you must get answered then use super thanks below however just remember to get rid of 100% of the comment spam and trading Bots that Plague YouTube comments we are trying out the new super thanks commenting system so to get your question or comment read and replied to or just to say thanks then use super thanks below and for now just to say if you did enjoy
anything in the video then drop a like and a big thank you to everyone who does and I'll see you in the next video bye for now [Music]
