Bitcoin: History In The Making

For the first time ever, Bitcoin may be closing a 2 week candle with a 40% loss from open to close. Now we can no longer say that new people to the space have not been through a proper drop. This is quite literally the quickest drop (when not accounting for wicks). In this video we discuss a few different possibilities. Where do you think the price of Bitcoin is headed? Let me know in the comments!
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[@intothecryptoverse]

Merch: store.intothecryptoverse.com/ Premium List Bull Market Sale: intothecryptoverse.com/product/bull-market-sale-subscription-to-the-premium-list-monthly/

[@thisusernameisnottakenyet]

100th comment

[@GM-tc2ei]

My first experience great loss and I’m not going nowhere.

[@bungish]

Warm greetings, good work Ben! Keep it up!

[@newportnews]

Check your fb. I have graphs I would like to discuss with you

[@Muroabdje]

Use a multiple of 6 or 12... so 6days or 12days... will give a much clearer picture!

[@BeanieNinjay0]

I like this channel. Tired of all the ones that are like, “BTC tO 1 MiLLiOn bY sUmMeR (insert derptard clickbait face in thumbnail), and other channels that are like “Omgherd, BTC dropped by 50%, here’s why it will go to 0 now.”

[@Frank074]

Those punchable faces in the thumbnails

[@itsthisguyagain1002]

You are watching them thats why KZbin promotes them to you. I only watch Ben JRNY and Coinkidz and I only rarely see any clickbaity vids.

[@-whackd]

You should just follow Macro people like Raoul Paul, otherwise why do you watch this stuff?

[@drezster]

Took the words right out of my mouth.

[@odetoazam]

@@drezster you type with your mouth? That's not weird..

[@tickleyourpets]

I'm happy to be sharing this suffering with you all

[@7eamGhast]

Low key, it really is kinda comforting to know a bunch of other strangers just (unrealized losses) lost 50% of their portfolios along with me hahaha.

[@vladthemagnificent9052]

We are together in this boat! The crypto will prevail, we have to keep HODLing no matter what. Keep calm, stay strong!

[@JeePsSsS]

It is hard but let's be strong !

[@lukasplevko332]

as the god himself says time is on our side

[@elpatoenlasolas]

People with hunger in Africa suffer bro. You just see your crypto wallet have a lower value, in the future is going to be higher and you gonna be happy, don't stress. Support projects like Cardano and you will feel better, even in times like this.

[@dominic8821]

My condolences to whoever got into crypto 2 weeks ago!

[@SamForsterr]

I put $55k into crypto two weeks ago, talk about bad timing. I don’t fear losing because I have complete faith the market will eventually go back up, but it sucks short term seeing so much loss instantly

[@matthewwilliams7011]

@@SamForsterr that’s rough buddy, hold on

[@iamthefox3136]

Yeah that would suck but hey, I started buying when the dip hit and I bough down and and price kept falling. So I'm not far behind. My portfolio is easily at 50% right now

[@SamForsterr]

Thanks everyone, like I said I’m not worried about losing any money long term. I’m more annoyed I could have 2x my profits if I waited, but I’ve gained valuable lessons instead

[@gardener1643]

@@SamForsterr you mean unrealised loss, you only loss your money if you sell at low price, if not then it's just your portfolio going down.

[@altezzaboi9845]

This correction has seriously humbled me

[@coccoborde]

+1 , i was swimming naked , and the tide is gone

[@joshuadias5989]

Seriously man. Had my portfolio drop 60% totally. No more castle in the air dreams.

[@TobyKBTY]

Yep. Made me learn some harsh lessons real fast. To think I was 2% away from my main target for Q2 during ETH’s ATH and was an inch from cashing out. Now i’m down 50% and painfully hodling

[@jair9926]

@@TobyKBTY haha fuck bro I know right. Was $80k off my end goal now I’m buried.

[@dustinmock46]

Dont worry bud. Youll be able to overnight $10k worth of parts from Japan by the end of the bull market.

[@kopflos7423]

This is like a support circle at this point

[@kadeemk4679]

😂🤣🤣💀💀

[@R6Rust]

Because it Is

[@Nikita-qx8os]

Nah deadset this is my therapy

[@gary3510]

Hi...my name is Bradley...I'm a alt-a-holic...🤢🥺

[@gerardfenn3988]

Very Small $ of BTC. Felt GREAT when Polygon was hitting $2.90 and said shit, I bought the good one but paid $1.70 for it. Then the Crash. And I was like WTF, SHIT!!! Bottomed today and did some selling and buy back in for 1500 more Coins. That felt good and we are over a buck. Still got a haircut of 30K and I hope Alts rally just as hard as BTC recovers. I was gray haired, Now I'm starting to watch the hair just fall out..

[@thenutty9114]

This is by far the most informative and realistic chanel there is in the crypto-youtube space. Keep it up my guy!

[@rahmann4280]

@@heythereguys1 He talks through his nose and always scaring us 😂

[@zyrrhos]

@@eric3434 Exactly. I had to unsubscribe from hopium head George. When I found Benjamin, I immediately got smarter and sold all my ETH on the 'dead cat bounce' at 2500 and bought back at 1800 this morning for a tidy profit... because of Benjamin's more sober outlook. If I kept watching George, I would have lost all my ETH. No doubt.

[@djaw_]

coinskid is also amazing, all of his ta's and predictions have been correct so far, very calming and technical person

[@zcollincollin8939]

reasonable and non speculive

[@Oscar-Lima-4]

@@eric3434 hold the bag George 😂 he's getting a name for himself now . I know what you mean tho .

[@bobdawkins7473]

Hey Ben, I like your videos, but Im deaf and not all of them have subtitles enabled. Could you put them on please thanks.

[@busilica123]

Support for Bob :)

[@LazarJaksic]

They get added automatically after some time by KZbins algorithm, you are too early so that's why it says they are unavailable

[@21MilesAhead]

yes please support bob!!

[@slimeslime2123]

Can we get a bob relief rally

[@getoutofmyinternet]

We are bullish on subtitles

[@TurnOneYeti]

I bought as much as I could this dip. All I can do now is continue to hodl and hope Elon forgets his twitter login information.

[@benbenben123ben]

Hopefully, Elon does find an energy efficient way to mine coin. If that happens, everyone will buy in again like crazy. He was working with Doge... might consider scooping that up now. Nothing your afraid of losing though.

[@anhk_yt]

@@benbenben123ben I can't fathom his obsession with that coin

[@BritishJuche]

@@anhk_yt it's the plaything of a very rich man, nothing more

[@Kirbits]

😂😂😂😂😂

[@butters1273]

Me: This fall should kill me. Me after Ben: I'll have the Lambo, please.

[@krelshell4]

Loool tell me about it

[@andrewgoldstein6271]

Yellow or red my guy?

[@smallbrainyaro6923]

you and da boiss!

[@Lattakeoff]

🤣👍

[@whatisthedileo]

Ben’s like, folks at this point, we are eating directly from the dumpsters. New bread must be on the way!

[@russelld2925]

My portfolio is down 100k from its top. It’s people like you who help keep my emotions in check. I’m just dollar cost averaging into ADA, DOT, LINK, and ETH and appreciating the cheap prices.

[@rachel59436]

Same here Russell, but we'll get it back!!!

[@grechuli]

Good luck. I'd wait a bit to average cost, I won't be surprised ada goes to 15cts

[@rockymarcianothe3rd135]

Just wait it's getting cheaper

[@tb606gaming7]

100k? Damn mine is down $200 and I'm worried sick lol,spent six months doing part time errands to save up for uni next year and unfortunately got a bit greedy. Hope my mum doesn't ask about my tuition fee money lol😅😪

[@8bitArtist]

@@grechuli 75% of ada is staked. Its not dropping to 15 cents. Thats ridiculous

[@Jon-lv8dc]

Forbes called, they want their interview back.

[@iamthefox3136]

I'm a fish. Only move I have left is to hodl. I bought to many dips and am out of extra cash.

[@sidx1836]

same bro. lmao i unloaded most my tether at the drop to 42k

[@mexicanrighteous9862]

Just Hodl.

[@sylve3456]

I'm a cat and sold. Waiting to jump back in.

[@alex1989060]

watch out for ETH opportunities, 2 months ago 1 BTC is 30 ETH, then the crazy ETH rally made it 13. The recent dip saw it back up to 17. Seems ETH is losing some water weight, Im waiting to see the best time to buy ETH with BTC. Nv watch USD prices, its useless, always watch BTC/ETH prices.

[@brianfontenot9925]

You’ll be ok. Markets eventually exhaust sellers and buyers and the markets must reverse in order to keep the price yo-yo going

[@deadgum11]

Got into crypto 9 days ago, did some research, plunged my savings into it, 5 days later the market crashes and I'm 50% down on my investment🤣 typical 'me' timing

[@4evahodlingdoge226]

The game is to buy low, sell high.

[@godfreypatrick9792]

firstly, ignore the scams that answered your post. second, do not panic now. Dont withdraw, deep breath, and realise you are in with millions (?) of others. It hurts us all, but you need to hang in there. remember, you only make a loss when you cash out. This thing will turn, we just dont know when. All of us are in the same boat right now. Im 65. pretend its your grandfather talking...

[@emilebichelberger7590]

I got in 7 days ago, I’m about 40% down. Planning to hold for a few years though

[@richardevans8908]

If you hold for at least another market cycle you’ll be up far more than 50% anyway so it’s a good trade off

[@daireb123]

As long as you didn't buy meme coins it'll recover

[@RockBoyy1]

2 weeks ago I got myself into crypto thinking I'll make lil profit. Little did I know my mere presence broke the market. I know that as soon as I get out, everything will get back to normal.

[@pdelaway1]

Don't do it. Just hold on.

[@buxcity9572]

please get out ASAP

[@imakepeoplehappy5689]

Me too I got in 2 weeks ago 😭😂

[@malconyhay2830]

Just hold on a little

[@jimjam4210]

Therapy session begin. 😍

[@kpharm2]

After watching from the outside for a long time, 2 weeks ago I decided to commit a lot of my free cash into this market...If only I waited another 2 weeks!

[@magicsugarbump4972]

We're in for the long haul pal

[@mysterio7385]

You learned the hard way to not FOMO in at ATH.

[@yorkiromanio1433]

Don’t feel bad it will keep going down lol

[@ThE420DbOY]

I sold at ~ 200k profits but not before my account dropped by 100k

[@Samsonit50]

Be in it for the long houl. Im buying the dip it Will go up now or later. Adamantium hands! wakanda forever!

[@farley9255]

This is crazy af lol I'm so glad I'm apart of this moment in history!

[@3ryan333]

Free market for those with most loot to manipulate whenever they decide

[@TheJbh147]

@@3ryan333 that only works because people fall for the fud

[@dlukton]

I agree; no "V-shaped" recovery. I've been watching financial markets for 35 years; and when the price of an asset drops this far, this fast, it almost never just shoots back up right away. So bitcoin could potentially spend several weeks (or more) in the range of $30K to $40K.

[@benbenben123ben]

Yea, I believe the fear news has to die off and peoples opinions need to be restored before we see another rise in bit coin. A lot of things in the narrative need to be changed.

[@mistermarshall443]

I'll be happy with a few more months of this. I'm relatively new to the space, but I believe I hold solid coins and I'd like to accumulate a few more bags.

[@letslaughtogether6734]

You the best Benjamin, always realistic.No stupid hype . KEEP IT UP MY FRIEND !!

[@CoNa4life]

been waiting for this all morning

[@supersurfer1]

Great work. Love your content.

[@bucky8346]

I feel so lucky to have been a part of this historic BTC drop....lol.

[@7eamGhast]

Good to know you didn’t FOMO at the top like a lot of us newbs did.

[@Ni3ous]

Benjamin thanks for vids like this! Apreciate a lot.

[@simonjacklin2651]

Awesome data. Thanks 👍

[@adampezzuolo5618]

Being new to crypto and investing in general, I'm amazed by how many people are completely irrational. Fortunately, Ben makes a lot of sense and shares his great mindset.

[@fiat_hater7761]

Happy Sunday Ben

[@chrisbarber7291]

As always, Great content Ben!

[@sjohp66]

Best content these days. Thanks a bunch

[@ninetytwopoint5640]

Thanks, nice analysis.

[@igorbalanovski182]

excellent content mate

[@sachin265]

good video. good content, sensible analysis - more than what we can expect from a youtuber. good stuff

[@AhmedKhaled-xp7dm]

Great video as usual.

[@therickpound]

Cheers Ben

[@aaronquinn8514]

I've never clicked on a video quicker!

[@FOT2010]

Only button you should be concerned about clicking on is BUY

[@jackfarnon2997]

This is therapy at this point.

[@amiller2121]

Great video.

[@JayDownSouth]

I admire the crypto-community on KZbin, just no nonsense, and no dumb music, just pure information, thanks Benjamin

[@suspiciousnobody6673]

Great content & sentiment. Thanks.

[@benjamincowen2076]

t/r/a/d/e/r/s/d/e/s/k/3/@/g/m/a/i/l/./c/o/m/ ............... ........../;✔️✔️✔️✔️...

[@harjapsarai]

This man has MATLAB open - he knows his stuff

[@crazyloops5635]

@benjamin, If we are ahead of schedule could this not be the end of the bull run?

[@aolegario1]

Have your views on the pi-cycle top indicator changed? Or is it too early to determine?

[@piter923]

Thanks for the hopium, bro

[@johnnyeboy33]

Thanks for the upload very much appreciated!!!

[@bejaminc0wen154]

WHATSAPP FOR. G*U*I*D*A*N*C*E A^N^D=I^N^V^E^S^T^M^E^N^T ‪+1=5-1=0=9=2=7‑4=3=4=5

[@strangerinastrangeland8026]

We are holding the 314 day moving average as support, it was what stopped the crash a few days ago, and it seems today we are going for a retest, pray to god it holds!

[@iamthefox3136]

Well there is always the 500 day moving average. If that fails we can definitely rely on the 1000 day moving average🥵

[@mysterio7385]

hope not, I want to add more

[@strangerinastrangeland8026]

@@iamthefox3136 If you think the 314 is just a random asspull then that's on you buddy :) check the charts and you might find something interesting.

[@iamthefox3136]

@@strangerinastrangeland8026 I was just joking around. Sheesh buddy, give the charts a rest. Were getting beat up right now. Time to decompress.

[@iamthefox3136]

@@strangerinastrangeland8026 also, one of my favorite sick hobby's is to troll. Sorry

[@SupremeLogo]

Time is always on our side

[@imedtrabelsi6985]

Thanks Ben for all your hard work, updates, much much appreciated, one of the top 3 channels as far as I’m concerned.

[@CryptoProCarlton]

Excellent analysis, the best I have seen thus far. I think these scenarios make a lot of sense, and it is possible to watch the indicators to know which of these will play out.

[@bejaminc0wen154]

WHATSAPP FOR. G*U*I*D*A*N*C*E A^N^D=I^N^V^E^S^T^M^E^N^T ‪+1=5-1=0=9=2=7‑4=3=4=5

[@faranbutt6679]

I seriously love the information you give man. Most other serious channels do provide some info, but nothing as extensive and at the same time understandable as yours. I'm subscribed and will continue to watch your videos. Props where they are due bro!

[@SabrinaDacosta]

You are one of my favorites to listen to.

[@Dylan-iq1de]

Unbelievable, Never traded before, then I bought bitcoins and Eth for the first time, JUST THE DAY BEFORE ELON MAKDE HIS ANNOUNCEMENTfor the first time. Now this... But I just HODL lol

[@Dylan-iq1de]

@@user-xr4ro7ts7w no

[@hunterdale3186]

THANKS

[@kimm5541]

Thanks for being the only channel that keeps calm during this time 😅

[@dexterfandango]

Respect to you Ben! Most of the crypto KZbinrs are hiding... and you're out making videos. Thanks man!

[@futurehistory2110]

It's tough but what a time to buy. I started in mid-March and DCA'd 40 bucks haha, it's better than nothing.

[@aliencrypto2688]

Perfect

[@sylve3456]

Possibilities and making a plan around those levels.

[@brandonloch2793]

I really appreciate your level headed approach to the analysis and not super emotional/clickbaity as some other youtubers!

[@mikelkelsie9184]

I came right on time for the drop! 75% down on my portfolio’ wooooooo

[@pdelaway1]

Look on the bright side... it should be only going up from here! Maybe sideways, or slight dip, but it'll rise eventually. But the majority of the pain should be over with.

[@stalincat2457]

@@pdelaway1 What makes you so sure it can't lose another 25%? :)

[@thetreeoflife3452]

Condolences to you, I'm down about 40%. Just hold tight and DO NOT SELL!

[@mikelkelsie9184]

@@thetreeoflife3452 thanks 🙏🏽, taking this situation as a lesson to educate myself more! I definitely will be hodling

[@pdelaway1]

@@stalincat2457 it could, that's why I said slight dip. Another 25% after losing 65% is pretty slight considering. If it drops a little more, DCA. That's why having funds for the dips is so important, and not blowing it all on the first dip or two, is equally important. Ladder the buys, because sometimes, it might be a 7 layer dip!!! 🥑

[@nocorruptreligion]

17 to 22 K in the next 2 weeks, no more than 4 weeks. The last jump up from 30K was a classic dead cat bounce. Cowen is one of my 5 major resources on Crypto. Rational, level and cautious. No hype. The other 4 are telling me its a bear market going down like never before. One of them called the drop to 30K exactly and the dead cat bounce. I'm watching the Bitcoin Market Psychology Chart big time right now.

[@vaughanrobinson1426]

Who are the others you follow?

[@abdulkaderd.b5994]

Who are the others you follow?

[@nanastasopoulos]

Really the best channel

[@mustangmoney4445]

So in the end, was the pi cycle indicator actually correct once again.?

[@OSeanSanO]

They may call you bearish, I think you're smart AF lol you consider every scenario even during a bull market. That's what attracted me to your channel from the beginning and that's why I continue to watch. It's so easy for a lot of these youtubers to spam bullish nonsense. You provide great info and reasoning behind your TA. Thanks always 🤙

[@bitkurd]

Yes

[@ericeztli7133]

You the man, Ben.

[@hellomoto3581]

Subscribed

[@Caboose1428]

Ben, you the man. Keep up the great content.

[@benjamincowen8679]

t/r/a/d/e/r/s/d/e/s/k/3/@/g/m/a/i/l/./c/o/m/ ............... ........../;✔️✔️✔️✔️.

[@BritBoyCrypto]

Thanks Ben. BitBoy’s Sunday drive vid giving lots of hopium too!

[@user-si9jl1qt7l]

+,,,,,1,,,,,,.5,,,,,,,,,.6,,,,,,,.3,,,,,,.2,,,,,,,.0,,,,,,,.7,,,,,,,.4,,,,,,,,,,.9,,,,, , .2....2. ??.

[@tamanashpaul6466]

This is the best hopium free video on the ongoing crypto bloodbath I have seen in last few days. Gives me hope in these trying times. Kudos to you!

[@Tendomcgoobin]

The hero we need right now

[@user-cq7ku3lz7k]

so am wondering if there is no more dips for the coming days ???

[@giovannitagliabue]

Let's gooo Been!!!! Lets ride it together. So happy I've found you.

[@engchowyeo2522]

I like the MATLAB there Ben

[@jasonminer9871]

What do you think about the possibility of inflation being a black swan that is crushing us right now and could make it worse? I saw Coin Bureau mention it and it made some sense to me but I’m not a rookie at all of this. I feel like you are one of the ones most likely to give it to us straight so I’m curious your thoughts.

[@user-si9jl1qt7l]

+,,,,,1,,,,,,.5,,,,,,,,,.6,,,,,,,.3,,,,,,.2,,,,,,,.0,,,,,,,.7,,,,,,,.4,,,,,,,,,,.9,,,,, , .2....2. ??.

[@Tekno2012]

Ben, thanks for the much needed BTC therapy.

[@bibliophileanki]

You're the man. Great analysis. The only strategy I follow is, average on every dip and forget about it.

[@bungish]

Warm greetings, good work Ben.

[@user-si9jl1qt7l]

+,,,,,1,,,,,,.5,,,,,,,,,.6,,,,,,,.3,,,,,,.2,,,,,,,.0,,,,,,,.7,,,,,,,.4,,,,,,,,,,.9,,,,, , .2....2. ??.

[@Kai-lb9nm]

If you measure FIB-levels from 2012 high to following low you see that btc after the first peak corrected down to the 1.618 fib level. This happens again this time. if we take the fib level from top 2017 to low. We see that we are now again at the 1.618 fib level.

[@gofres]

I hope this pattern holds true again. It would suggest 184k BTC top this cycle at the 2.27 fib line on the log scale.

[@Griddys]

Your the man Ben ! Cheers ...im happy in all this mayhem.

[@benjamincowen8679]

t/r/a/d/e/r/s/d/e/s/k/3/@/g/m/a/i/l/./c/o/m/ ............... ........../;✔️✔️✔️✔️.

[@callmecosmic]

I needed this. I thought I was no suited for crypto because everytime I bought in at a good price, it would go up and then crash down and take me out. Good to know this isn't the "norm" right now. I understand that dips and corrections are a part of crypto but this was really rough to go through. I'll be much better equipped the next cycle.

[@benjamincowen8679]

t/r/a/d/e/r/s/d/e/s/k/3/@/g/m/a/i/l/./c/o/m/ ............... ........../;✔️✔️✔️✔️.

[@ahajj89]

Congratzzzz 🎉🎉Never been happier to witness and actually be part of this historic moment for bitcoin on the 2 weeks chart! 😎

[@Errol-kq7eo]

Hey Benjamin, are you touching your hold portfolio during this time and turning it into a stable coin as the price drop and then buying back at a lower price? or does anyone know if he already said something like this in a previous video? Thanks

[@jesse113553]

awesome! time to buy for me :)

[@yungic]

🔥

[@austinfehr2663]

Hey guys been alittle out of it lately how many hours till the weekly close?

[@GregTerryExperience]

Excellent analysis

[@benjamincowen8679]

t/r/a/d/e/r/s/d/e/s/k/3/@/g/m/a/i/l/./c/o/m/ ............... ........../;✔️✔️✔️✔️.

[@blindside2194]

I've only sold crypto for all 2021. Finally, time to buy again! I'm a huge believer of buying this dip! Fear is extreme! Most oversold in history means the greatest opportunity. Buy it up now while you can. Fear = buy...Greed = Sell. Easy decision. My buy orders are in increasing amounts as it falls. Let it fall deep and fast! Weed out the weak hands! They don't know what they have!I love this fire sale!

[@gubzs]

4:31 if we see this head and shoulders I'd be comfortable saying we're going down and staying down for a while.

[@danstuder4914]

Ben did you use the tgsohenel 232 Bull Market Support Band for TradingView? I can't find the one named Bitcoin you are using.

[@ErichuEdits]

Could you check what EMA we rode in 2013? After the first peak

[@danielbowman482]

What is the name of the first chart indicator you are using?

[@kkampo_]

The close above 34k is looking promising. I'll definitely be taking some profits with some of my dip buying if we get a relief rally.

[@rommelobanil1936]

You are a voice of reason, really appreciate your videos especially if I need to get down from the lofty clouds. I have always recommended your level headed advice especially to the new people I know who are just getting into crypto. Keep preaching, we need more people like you

[@rommelobanil1936]

BTW you remind me of Sheldon Cooper

[@gladinstance862]

Hi, what a weekend. Lol I am down 70 %

[@TheOnePatriot]

liking this and commenting before i even watch :D

[@benjamincowen2076]

t/r/a/d/e/r/s/d/e/s/k/3/@/g/m/a/i/l/./c/o/m/ ............... ........../;✔️✔️✔️✔️...

[@matthewmander4490]

Hey Ben!

[@Optim77777]

Correct. I agree. The slow correction is the time taken for retail and institutional investors to plan and think through things before they come in.

[@JFLAMEZ]

Respect

[@belisa280]

When you say we want to see a close above the 20w MA, are you speaking of a 2-week close, or is a daily or weekly close good?

[@jan.de.ridder]

If a little panic creeps into my head, you always have the right pill. Thanks!