BITCOIN: IT'S HAPPENING! 4-Year Cycle "END STAGE" Pattern is Repeating

Jason Pizzino

Market Overview

The speaker discusses the current market trends, focusing on the US inflation data, which came in lower than expected. This has led to a positive reaction in the stock market, with the S&P 500 closing above 5980. The energy sector is also showing signs of strength, with prices increasing over the past few months.

Bitcoin and Cryptocurrencies

The speaker analyzes the Bitcoin market, noting that the Fear and Greed Index is currently in the greed zone. They discuss the potential for a correction in the market, referencing the Elliot Wave theory and the possibility of a wave five breakout. The speaker also mentions the importance of watching market sentiment and the potential for a big correction to reset the market.

Stock Market Analysis

The speaker discusses the stock market, focusing on the S&P 500, NASDAQ, and Dow Jones. They note that the S&P 500 has closed above the 50% level and is currently testing the diagonal downtrend. The speaker also mentions the financial sector, which is seeing a strong move to the upside.

Cryptocurrency Analysis

The speaker analyzes several cryptocurrencies, including XRP, Ethereum, Solana, and Sui. They note that XRP has seen significant gains and that the total cryptocurrency market cap has closed above the 50% level.

Key Takeaways

  • The US inflation data has come in lower than expected, leading to a positive reaction in the stock market.
  • The energy sector is showing signs of strength, with prices increasing over the past few months.
  • The Bitcoin market is currently in the greed zone, with a potential for a correction.
  • The stock market is testing key levels, with the S&P 500 closing above the 50% level.
  • Several cryptocurrencies are showing signs of strength, with XRP seeing significant gains.