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good morning afternoon or evening ladies and gentlemen all in crypto here and welcome back guys for another YouTube video this is going to be your daily cryptocurrency market update for those of you that are new around here every single day at 1pm we release a video where we don't just cover the cryptocurrency market but markets at large and try and work out where our small but very significant market and and to become a lot more significant Market is going so that's exactly what we're going to be doing in this video you will know that we've got a plan for Bitcoin we have technical targets at 35k which is essentially the direction we think Bitcoin is moving in and actually what I want to do in this video is talk about a few things I don't just want to look at Bitcoin I want to look at all coins because altcoins you know I think they're in this kind of five wave impulse Bitcoins obviously leading that charge and has taken out it's one wave um they're all doing a similar thing and that's homum to what something does just before it breaks out you know I ultimately think that this downtrend that we've been in that's been caused by the FED fund right um which of course has been driven by inflation has now came to an end now technically we had signs of this with our Divergence you know we now have a technical pattern which is a head and shoulders which is typically a trend reversal um signal that kind of goes with the precursor which was the RSI Divergence on the weekly um technically we have reasons to suggest this we're now putting in a higher High um and a higher low from the trend that we've been in all the downtrend and uptrend and all the bear market and a bull market is is a doubt is uh you know bull market higher highs and higher lows bear Market lower lows and lower highs this is the first time we've had something spit in the face of this downtrend and ultimately we think that this is going to lead to continuation and the interesting thing is technically we got on onto this and fundamentally you know we were kind of in this gray area where we were looking at the two-year yields and saying okay it looks like it's going to top and that means that the kind of narrative is going to come to an end the markets are going to front run rate Cuts as they front room rate hikes but this was all before we had Silicon Valley Bank which has swayed the macro landscape massively because up until this point rates have really been driven by um inflation I think inflation by the way is going to come down in March and that's probably going to fuel this rally obviously we're going to get that in April um but ultimately you know what's now driving things really is this hashtag banking crisis and I want to really move on to that and talk a little bit about it I'm going to play a very short clip very very short from what Bitcoin did podcast I'll leave a link to this podcast in the description please go and watch the full thing it's got Lynn Alden in it and she talks about how actually most banks are susceptible to bankrups and this is um we looked at this in yesterday's video all at a time where um Bank runs are being highlighted and I think Balaji is largely right in what he's saying have I got balaji's tweet here um however I think he's early the banking system is exceptionally fragile it's a fractional Reserve System where reserves literally they're lending out one to ten in regards to the reserves that they have and actually Lynn all done and this is why I want to play this clip talks about actually how most banks are susceptible to what's what happened with uh or not necessarily what happened with Silicon Valley Bank but Bank runs and this is just the fragility of the system that we're in one reason bitcoin's done as well as it has of course was because it was made for this um exact scenario and ultimately you know yesterday we did quite a passionate video where I came out and said look you need to get outside of the system somehow it doesn't even have to crypto it can be gold if you want it to be I choose to invest in crypto but I'm not adverse to investing in precious metals and we've seen gold do very well I do want to touch on gold and if you're not already following me on Twitter guys head over to at real all in crypto um and you'll see my sort of daily thoughts this is the gold chart in the candlesticks and you can see how it looked very similar to bitcoin which is overlaid and Bitcoin is largely I think Gold's leading the way for Bitcoin um and ultimately you're going to get similar price action so we'll get into the technicals you already know the kind of technicals for Bitcoin but I want to spend a bit of time on all coins Jamie Diamond says the banking crisis is not over and will cause repercussions for years to come Jamie diamonds long time JP Morgan Chase CEO said the latest Financial shock in his annual letter the current crisis is not yet over and even when it's behind us there will be repercussions for um from it for years to come but importantly a recent events are nothing like what occurred during the 2008 financial crisis he added in his letter released Tuesday the recent banking issue in the US began with the collapse of Silicon Valley Bank which was close by Regulators on March the 10th as deposit has pulled tens of billions of dollars from the bank so we've seen a record number of withdrawals from Banks small Banks um specifically as you've got Yellen essentially saying look we'll back the bigger Banks the ones that are too big to fail but the small ones why would you hold your money in a small bank at that point um but ultimately this is a problem that I don't think is going away and actually just listen to this little clip of Lynn Olden talking about this Billion Dollar Bank Run in a day they said well that's probably like a Six Sigma event you know we can't plan for that you know almost any Bank in the world if they if they have a multi-billion dollar outflow quickly they're going to face problems um and so I think that they just yeah they they were greedy with duration that's all I wanted to play what she said there was pretty much any bank if they had multi-million billion dollar outflows would be in a similar situation this is the fragility of the fractional reserved system that we have and ultimately this is fueling Bitcoin it's fueling gold you know we saw record numbers of central banks buying gold in um uh 2022 and actually bitcoin's price action looked very very similar you know this is what Gold's doing and let's just overlay Bitcoin on top of this Gold's leading the way for Bitcoin Bitcoin is going to have this pop out ultimately this ties in with broadly what we're saying is going to occur for Bitcoin which is that you're going to see this continuation uh one hour time frame it's not really any good you know you're gonna get 35k is getting hit in my opinion all coins are all at this kind of key level you guys know that we think altcoins are on this kind of Journey if you will but all coins are at this kind of key level you know this was the FTX spill they're all consolidating around this level of resistance here you can see resistance that they're all consolidating of and they they're yet to break out from this Bitcoin has already done that so you can see it's got its resistance here it's broken out from your all coins are waiting to do that and they're gonna and ultimately if you guys wanna we took by the way uh the first swing trade of the Year within the patreon so if you guys want to get on board with that it's not too late at all to do so please click the link in the description I think it's well worth the money you paid for it for the patreon anyway um but ultimately from a spot point of view you know we are long at this point and looking to take swing trades um and and again that swing trade is still very much uh just at the start but all coins are at this kind of very interesting level you know this kind of resistance where they're looking to break out from um and I think that's going to happen I think bitcoin's largely going to continue moving forwards and ultimately so will the cryptocurrency market you know and and the banking situation is largely fueling this and ultimately fueling the FED if we look at the two-year yields something that allowed us to make a decision to put money back into the market we think this is going to continue to roll over and this is what's going to really drive the fed and this window of opportunity that I believe we've got until maybe the yield curve plays out it's the two-year yields this is the Fed funds what we want is this period just taking a vlog there this period that I've highlighted where you get this kind of sideways action for um the interest rates I don't think they're going to go much higher although do I have that in here you you do have some fed members calling for higher rates but they're just talking nonsense at this point the FED cannot be trusted nothing they say they don't even agree with each other and I I honestly believe that what they say cannot be trusted talking about continuing to Upright in an environment like this okay so let's see how that works for you you did a 25 basis point because you had no other choice really you couldn't have come out and done a zero I think they're dumb and the yield Market's telling us they're done uh this was very interesting The Divide between the fed and bond Trader is getting wider fed officials including uh Lewis fed president Bullard yesterday says the economy is strong and rates need to go higher bonds are rejecting that with yields on a six-month t-bill falling to the lowest level since November so the market doesn't believe the FED what a surprise um and ultimately you know we want rates to do this and we think that this provides just using the S and P as a barometer and an opportunity you know for rates going sideways like they did here the markets typically will rally off of that you know you can see and actually even going further back um the rates are likely to do that so we have fundamentals made up with the technicals the bank hashtag banking crisis I think is going to continue I think largely they are going to um pull the situation off you know and ultimately it will crop up and really and I think this is what the yield curve is essentially predicting it will crop up and bite everybody in the ass when people just simply aren't expecting it have I got the yield curve here I think so yeah you know I think I think that this most inverted Yoko we've had today or certainly in the last 40 years is is essentially hinting at the fact that we're going to have mass Bank failings um and I think that's very much where we're at this was another interesting chart monthly change in Bank depositors you can see just the withdrawal 2023 banking crisis March 2023 had the biggest monthly loss in Bank deposits in U.S history it's a sign of the times ladies and gentlemen this stuff is not to be ignored this is why I said that the FED basically is saying the Dollar's dumb they're admitting they can just print as much as they want and ultimately what credibility does that give to the banking system just an interesting article to love and leave you on you guys shouldn't all now know the plan I think all coins are waiting to break out I think bitcoin's already broken out and is now going to start a five wave impulsive move to the upside you know our third wave Target we're putting at 35k and then we'll see where the fifth wave gets us and all coins I think are lagging behind but are going to follow um and actually catch up massively and I think I think Auckland is outperformed Bitcoin this year Bitcoin started as it always does the movement um but just an interesting article to leave you guys on a dramatic impact Pentagon told Bitcoin could prevent whoa now this was after I think the space Force Commander said that you know we need to start mining Bitcoin there is going to be a shift crypto still exists in this really kind of unregulated manner that will not persist um it can't persist and ultimately regulations are the very thing that catapult this industry into the tens of trillions and we're just waiting for that you know we had City Group last week talking about trillions of dollars being ran on the crypto space in terms of tokenized assets Larry thinks blackrock's very much in agreement with this some really interesting things going on across the board so that's really all I've got for you in this video guys um I'll leave a link to the what Bitcoin did podcast in the description I just thought I'd play a little clip from it of Lynn Olden talking about how banks are very susceptible to bank runs and this is timed in with Jamie Diamond's comments saying the banking crisis and over and actually there's going to be repercussions for years to come in the repercussions really are The credibility ones to the banking system because people just simply don't trust it and and for good reason all I've got for you in this video guys you enjoy the content like appreciate it turns a comment and I'll catch you in the next one thanks a lot for watching see you in the next
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