Published: 2024-07-31
Status:
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Bitcoin is predicted to find a local low around the end of July or early August 2024 due to FOMC/CPI influence.
"it could find a local low sometime around CPI right... that could happen especially going out into early August."
Pending
Bitcoin dominance is predicted to reach 60% and will generally increase regardless of Bitcoin's USD price movement.
"I've been pretty clear I think dominance is going to 60%... no matter the direction of Bitcoin USD Bitcoin dominance should go up."
Pending
The 12-month Bitcoin dominance candle for 2025 is predicted to be red.
"three green and probably next year is red."
Pending
Altcoin pairs (relative to Bitcoin) will continue to sell off, regardless of whether Bitcoin breaks out or fails to break out against USD, and will not durably outperform Bitcoin for more than a few weeks.
"Bitcoin hasn't broken out yet and if it puts in if it if it can't break out and it comes back down all Bitcoin pairs sell off again if it breaks out all Bitcoin pairs sell off again I you see the problem for alts it's just there's not a super compelling scenario where they durably outperform Bitcoin for more than just a few weeks."
Pending
If the 2019 fractal plays out, Bitcoin will experience one more rejection at the top of its current range (4th rejection), fall to the bottom, and then finally break through the range in October 2024 (5th tag).
"if the pattern follows 2019 it would mean you get rejected one more time at the top of this range... then it means on the fifth time potentially two months from now like in October you finally break through right... it would mean another rejection come back down potentially to the bottom of the range and then go back up in October."
Pending
If the 2013 fractal plays out, Bitcoin will break through its lower highs in August 2024, backtest the level in September 2024, and then rally further in October 2024.
"if it follows 2013 then the expectation would be that Bitcoin comes back up here and breaks through through this in August and then maybe back tests it in September before then going up in October."
Pending
The Federal Reserve will not cut interest rates on July 31, 2024, and will keep rates at 5.5%.
"I don't think they're going to cut tomorrow... the FED should keep rates at 5 a half% tomorrow."
Pending
The Federal Reserve is predicted to cut rates in September 2024 but may not cut in November 2024, potentially removing an expected November cut.
"there does exist a scenario where the FED Cuts in September and then they don't cut in November right... it could theoretically take away the November cut right."
Pending
If the altcoin market (Total 3 - USDT / Bitcoin) has its first monthly close below 0.04 in July or August 2024, it would signal a Fed rate cut at the subsequent meeting.
"the altcoin market could still tell us when the fed's going to cut perhaps you get your first monthly close below 04 it could be July or it could be August right whether it's July or August what it would mean is that at the next meeting the fed's going to cut if it tells us the same story as last time."
Pending
Altseason is predicted to occur in the post-halving year (2025), not in the current year (2024).
"I don't know why you guys keep calling for alt season alt season in the posst having year right it's in the post having year if you're going to get it."
Pending
The significant decline in altcoin pairs (Total 3 - USDT / Bitcoin) is predicted to begin the week of August 12, 2024, leading to a new lower low for altcoin pairs by the end of August 2024.
"the real drop by all Bitcoin pairs won't begin until the week of August 12th... end of August all Bitcoin pairs find a lower low."
Pending
Bitcoin predicted to find a local low around the time of the CPI release in mid-August 2024.
"if it were to just play out like these back over here it could find a local low sometime around CPI right again which interesting is that it's basically the last day of the month"
Pending
Bitcoin dominance is predicted to reach 60%.
"I've been pretty clear I think dominance is going to 60%"
Pending
If the 2019 Bitcoin fractal plays out, Bitcoin will experience a fourth rejection from the top of its current trading range around August 2024, fall back down, and then finally break through upwards in October 2024.
"if the pattern follows 2019 it would mean you get rejected one more time at the top of this range right we've already been rejected one two three if this is the fourth rejection then it means on the fifth time potentially two months from now like in October you finally break through right that's what it would mean if the 2019 fractal were to play out"
Pending
If the 2013 Bitcoin fractal plays out, Bitcoin will break out upwards in August 2024, retest the breakout level in September 2024, and then continue to rally in October 2024.
"so if it follows 2013 then the expectation would be that Bitcoin comes back up here and breaks through through this in August and then maybe back tests it in September before then going up in October that's the 2013 move"
Pending
Federal Reserve will keep interest rates unchanged on July 31, 2024.
"so base case is that they're going to keep rates the same"
Pending
Altcoin season (durable outperformance against Bitcoin) is predicted to occur in 2025 (the post-halving year), not 2024.
"I don't know why you guys keep calling for alt season alt season in the posst having year right it's in the post having year if you're going to get it"
Pending
Altcoin pairs (altcoins relative to Bitcoin) will experience a significant drop, finding a lower low, by the end of August 2024, with the decline starting the week of August 12th, 2024.
"if the next real move down starts the week of August 12th then you got August 12th August 19th August 26th same thing right one two three end of August all Bitcoin pairs find a lower low again"
Pending
If altcoin pairs (Total3 - USDT / BTC) have a monthly close below 0.04 in July or August 2024, the Federal Reserve will cut interest rates at its subsequent meeting.
"perhaps you get your first monthly close below 04 it could be July or it could be August right whether it's July or August what it would mean is that at the next meeting the fed's going to cut if it tells us the same story as last time"
Pending