Thanks Coinbase for sponsoring this crypto video.
1️⃣ Sign up through my affiliate link for 80% off spot trading fees. Offer eligibility and terms apply:https://coinbase.com/affiliate/ccv?s=youtube&utm_campaign=kol_pro_referee
2️⃣ REGISTER SEPARATELY for the Champions Cup:https://www.coinbase.com/coinbase-champions-cup
The crypto crash and stock market crash are happening at the same time, and the headlines are wild. The S&P 500 just printed one of its ugliest daily candles in years, and the VIX went parabolic. In this live stream I zoom out on Bitcoin (BTC) and Ethereum (ETH), break down the downside targets I’ve been talking about since late September, and explain why I think this is a normal reset and not the end of the cycle.
The S&P 500 erased $2 trillion in about 40 minutes, wiping out the entire post-midterm rally. That’s roughly what the whole crypto market is worth. Meanwhile the business cycle just printed in expansion for the second time, and even the 1990s productivity boom had 10 to 20% dips along the way. I cover Bitcoin’s 200-day moving average around $73K, the Fibonacci range between $67K and $72K, Ethereum’s support near $2,100, the inverse head and shoulders setup, why a bullish MACD can still put in a lower low, and why altcoin dominance is holding green since QT ended.
Stocks and crypto crashing 0:00
Business cycle in expansion 1:27
90s boom dips 1:42
$2T gone in 40 minutes 2:55
S&P vs crypto market cap 3:14
Coinbase Champions Cup 3:45
My September call 4:26
Am I a perma bull? 5:10
Fear vs the data 6:53
Bitcoin targets 8:16
VIX goes parabolic 9:20
Ethereum setup 10:13
MACD warning 11:23
Altcoin dominance 13:53
Final thoughts 15:00