Cardano, Bitcoin, Ethereum PRICE ANALYSIS | 8.6 Count Explained | ADA ETH BTC Cryptocurrency Trading

Hey what’s going on everyone hope Everybody’s doing well My name is jason jenkins i want to Introduce myself uh sash And the altcoin buzz team asked me to Help out with some high level Technical analysis and some cyclical Work that we do I guess i’ll get into my background in a Little bit um but i’m excited about it Sasha and i we did some work early on And All coin buzz was just first starting Out and Groups just come an amazingly long way You guys are in good hands it’s exciting To see what you’ve Accomplished we were just talking about The logo last night he and i and Everything you guys built on the website And everything’s pretty incredible Um but yeah i’ll just get into i want to Highlight some Stuff as far as btc and ethereum and Kind of some of the cycles that we’ve Been We’ve been working on on my trading desk And and then i’ll even hit on a few alts For you guys but my background i started In the business uh Charles schwab and the equity and Options Group and did that for several years and I

Moved to south florida had a chance to Trade bonds on the institutional side I was trading rates i ran a couple rates Deaths on all fixed income but we traded Most of the u.s treasury’s the cash Market so I started g’s 2008 right at these Basically the front row seat to the end Of the world And we covered all the primary dealers i Was talking to all they had the big Banks when everything was imploding And then we talked to a lot of the by Side shops so hedge funds And real money managers but it was a Crazy time did that for About 10 years i’ve been trading Directionally independently for 15 But i wanted to highlight bitcoin I won’t get into the monthly cycle right Now but Just briefly so there’s lots of Different cycles but one of the ones i Found in my career Is an 8.6 count and it’s a frequency That has to do it’s a derivative of pi And pi is the perfect cycle so we built A lot of physics and math Into our uh institutional model And so this 8.6 count comes up a lot It’s not the end-all be-all but it’s Something that can really help with your Timing and so i laid this out for you Guys here on the daily

Um this has to do with the last run-up We’ve had And i’ve been tracking this for a while But we actually had a 13 count Into the high here that was pretty Overbought From a regression standpoint which is Has to do with standard deviations and Other math tools Most of you guys or gals probably know That That that tool it’s a good one i’m Looking at the features right now And so we’ve been adding and reducing We’ve been pretty bullish but Um you can you can see that there’s a Good ebb and flow And whether you’re looking i’ll even try To draw a little bit If you’re looking we use a sarcastic Which is Which is an oscillation of motion it’s An equation of motion some people use This as overbought oversold i use it More as a rhythm So i care about the time component Not so much that overbought or oversold I’ll use an rsi for overbought or Oversold But there’s a good rhythm here and this Is a sine wave another cyclical tool All right so here was pretty good high Right with the count on the 13 And you had three four five day pullback

Started another 8.6 count low on this Cycle All right here’s a high cycled again to Another high Low on the cycle pretty much right in Here there’s a good pullback Another 8.6 count with this sarcastic High so there’s a lot of what we call Ebb and flow So some people some traders a little bit More high frequency but this is the kind Of stuff that we’re working on We’re core long meaning we’re holding a Position but then you’re buying selling Some buying some songs and buying some Songs And right in here we had and so again This is an 8.6 count Right so it’s not it’s not an exact Science it’s Just a relative tool so Here we went eight count and then made The high on nine count and round up to Nine All right start in the next cycle eight Days down Boom make the low right into another Tool We call the bands and then had a nice Eight cycle up basically putting in the Lower high here And then what my team and my company and My group we were talking about last week Is that this was a very very very very

Key pivot this was actually The low that was determining this Uptrend And if you broke it if you broke it a Lot of times that sets in motion the Deeper pullback and so there was room to Come back here to the 200. This is a concept like i came up with Called a pie line I could get into that maybe more later As we move forward And uh i still think there’s room to 24 000 it’s not It’s not out of the cards we’re Basically now in a downtrend on the Intermediate term we’re in a Basically on a six count today and We’ll see maybe we double bottom here Again at 30 000 right on the up we’ll kind of need To get above these highs which is the Intermediate turn lower high as you get Above there then maybe we can Make a run back towards 50. a lot of People use the 50-day which is coming Back down in that same area So key pivot here call it 40 000 And then still i think this this This sets up for also this daily cycle Is going to come up here and it’s going To oscillate probably back down so This might kind of line up guys with it With Another two days where we get another

Pivot do we So on the cycle it’s like the eight Count doesn’t make a high and a low a Sine wave isn’t high low high low Otherwise you’d always be in a range Trade what it is is marking turning Points in time so sometimes you’ll Actually get a breakout even though You’re Low on the cycle that’s called a cycle Inversion And but it’s the turning point that Matters so if we get a turning point Here Another two days of the cycle count We’ll see what happens do we turn up Through 40 000 that’d be bullish okay do we Make a low into The level that we bottomed out at four Five you know three four days ago Um that’s how we use the cycle work so We don’t necessarily have to know what Happens next just need to know how You’re gonna play it what’s your game Plan So that’s kind of the levels i’m Watching on btc Let me clear this up And then ethereum i just touched on Ethereum briefly and i don’t want to Make this video too long i’m just Hitting a couple alts but Um we bought my team we were buying down

Here Towards 2200 and features in the coin Market And it’s actually held up a little bit Better than Btc but it also was outperforming on Just a percentage basis as far as like Moving to a new high it was just a Steeper more Energetic quicker climb so i’m not Surprised that it kind of held in a Little bit better Uh you see you can we held the bands Here versus the futures broke down from The bands so a little bit different Technical structure and posture there But We’re still better buyers i think you Want to be buying back we were able to Take some profit from the new highs Pretty good so just adding that back But this would be the pivot low i don’t Know what’s below there technically You’re going to have the 2000 which is The whole number and then you’re going To get back to these lows call it 1600. it’s this whole area i mean it’s 1371 and futures i’ll start looking at The cash chart Cash charter coin chart cash meaning you Actually put dollars to buy the asset Versus futures is A futures product but i look at both Futures and the coin charts so

Or the cash charts anyway this is Support and i don’t really have much Till this This low and these lows it’s kind of a Whole area down here And as far as the alts I’m not sure how many i’m i’m just Sticking mostly to the The charts and the analysis um Um but i don’t know how many how many How many of you know bal It’s balance for a pretty amazing Product project i was talking with One of my tech guys yesterday about it i Mean it’s just incredible what this defy Space is doing In less than a year ago from I mean the market cap was upwards of 40 480 million Um diluted market cap now and Three billion it’s just crazy but that’s You guys look into that but anyway i I was nibbling on this and the couple Points i wanted to make here is that You have So this is the weekly chart so what we Do is look at the lows a lot of time When you’re identifying trend the highs And the lows Kind of this is this was this was the More momentous Immediate trend and once we took this Out and then you took that out That kind of creates the deeper pullback

But There’s a difference between an orderly Pullback And something that crashes or is that a Very steep decline So this is you know this is orally Pulled back This is this is orderly this Is boom click hard two days down And why that matters is because on the Next rally from here The next rally from here the bears have Created All of this pressure they’re in control And so the next rally is going to be Harder to get all the way back to the Highs i don’t mean ever i just mean on The next move So the probability on the next move is Actually that you You struggle here about halfway maybe You go three quarters And then you get another lower high and You just need to do more work you have To digest this What we call a bearish wall with my team In our group So that’s something to think about i Mean i i bought yesterday But i’ll be trimming this as we come Back up here you got this support that Support that’s all resistance in front Of 48 All right so that’s just that’s just

Something technically i’ve learned over The years And so we’ll see the problem with this Type of drop and a lot of the alts have The same Chart is that it’s just it’s easier to Orderly pull back To make a new high when you have a quick Drop there’s just so much There’s so many buyers that are under Water and the bears are feeling pretty Aggressive That there’s just a lot of selling to be Missed usually you’re gonna have to work You need time to go by or you need price To just Rest before you can resume the uptrend Something to think about Still bullish on that overall i mean Anytime you basically get an 80 Correction when you look at the Fibonacci on this From this fault this low to the high i Mean we basically corrected 80 So anytime a market drops 80 percent You pretty much want to be a buyer any Asset longer term that’s just a huge Discount so that’s what I was doing we were doing yesterday and Then Let’s just do cardano if you like You can see cardano’s actually held up Really well one of the best As far as the alts go the reason i say

That is just here’s the here’s a good Visual of the trend the uptrend this was This we did break the bands but Everything’s still positive so this low Matter And we right in front of the buck or the Whole number You made um a higher low relative to Here so this This is maintain the uptrend when pretty Much all the other alts Broke the trend on the daily and they Are dealing with these deeper Pullbacks prices down here like we just Looked at On btc just pretty much every other hall So per donald looks great i like that it Held in front of a buck if you sold into Two 220 You want to be taking profit a lot of Times on new highs doesn’t mean you want To get out But lets them ride but that’s a great Place to take profit on new highs and Then you get a chance to buy back in Front of the buck Uh what’s this polka dot um There was a there’s a good eight count Here too i was just counting it out i Didn’t put on the chart but you’re one Two three four five Six seven eight eight days up or sorry This is a weekly chart eight weeks up Hold that um i’ll have to do some work

On that But same kind of looking chart steep Drop on the weekly You’re going to probably have a lot of Resistance between 30 and 35 but again We’re i like being a buyer in the teens Here just man if you bought 15s why wouldn’t you take some at 30 Right And then just keep trading it around That’s kind of how we how i’m thinking About that this chart I love this base down here and then boom Gone eight days up nice orderly pullback Uh so still a better buyer there oh and Then the doj dogecoin i did do an 86 Count just to illustrate this point one More time So this is the this is the ebb and flow I mean All right start the cycle eight Eight this daily chart eight days up Peak One two three four days down a half Cycle Kind of bottom out nice bottoming tail There in the direction of the trend That was a buying opportunity that’s a That’s a buy set up in our model Then you have another eight count and This in here you finish Nine days boom that’s the high Again doesn’t mean you have to be out of Everything but that’s those are spots

Where Professionals are taking profits right That The amateur newbie is chasing higher Eyes we want to you don’t want to be Chasing All right this is a higher high relative To here You want to be buying the right And then uh then we basically had an Eight Eight day drop that culminated with the Lower high relative to here and now we Just had another eight day Drop with a low into 25 cents so i was a Buyer now Down here again and i like this Cycle count we’ll see can we get above Here can we resume the uptrend I guess it probably matters what btc Does whether or not bitcoin comes back Down and tests it’s low from this day It’s the same Timing if you take this low out Anything you buy here you might want to Take some risk off And then see whether or not we hold back These levels But this is still all long-term bull Market so it looks good so i hope that Helps um Look forward to working with you guys And best of luck out there [Music]

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